Origin Property Public Company Limited

SET:ORI Stock Report

Market Cap: ฿10.3b

Origin Property Valuation

Is ORI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ORI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ORI (THB4.2) is trading below our estimate of fair value (THB7.45)

Significantly Below Fair Value: ORI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORI?

Key metric: As ORI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ORI. This is calculated by dividing ORI's market cap by their current earnings.
What is ORI's PE Ratio?
PE Ratio6.3x
Earnings฿1.64b
Market Cap฿10.31b

Price to Earnings Ratio vs Peers

How does ORI's PE Ratio compare to its peers?

The above table shows the PE ratio for ORI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
SA Siamese Asset
24xn/a฿8.9b
SC SC Asset Corporation
6x7.8%฿12.4b
PSH Pruksa Holding
20.7x28.4%฿18.2b
QH Quality Houses
8.4x9.3%฿19.3b
ORI Origin Property
6.3x6.3%฿10.3b

Price-To-Earnings vs Peers: ORI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does ORI's PE Ratio compare vs other companies in the TH Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WORLD World Corporation
1.8xn/aUS$4.34m
No more companies available in this PE range
ORI 6.3xIndustry Avg. 15.3xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ORI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is ORI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ORI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio7.2x

Price-To-Earnings vs Fair Ratio: ORI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ORI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿4.20
฿5.47
+30.3%
50.4%฿12.60฿3.50n/a8
Nov ’25฿4.76
฿5.71
+20.0%
46.8%฿12.60฿4.00n/a8
Oct ’25฿5.25
฿5.71
+8.8%
46.8%฿12.60฿4.00n/a8
Sep ’25฿4.06
฿5.71
+40.7%
46.8%฿12.60฿4.00n/a8
Aug ’25฿4.50
฿7.14
+58.6%
30.0%฿12.60฿5.70n/a8
Jul ’25฿4.78
฿6.75
+41.3%
10.9%฿7.50฿5.70n/a7
Jun ’25฿5.55
฿7.03
+26.6%
9.1%฿7.60฿5.90n/a7
May ’25฿7.10
฿8.96
+26.2%
15.9%฿11.00฿7.10n/a5
Apr ’25฿7.05
฿9.22
+30.7%
15.4%฿11.00฿7.10n/a6
Mar ’25฿6.85
฿10.39
+51.7%
5.5%฿11.20฿9.60n/a6
Feb ’25฿8.10
฿11.02
+36.0%
5.2%฿12.00฿10.20n/a6
Jan ’25฿8.45
฿11.02
+30.4%
5.2%฿12.00฿10.20n/a6
Dec ’24฿8.70
฿11.02
+26.6%
5.2%฿12.00฿10.20n/a6
Nov ’24฿8.55
฿13.62
+59.3%
4.0%฿14.40฿12.90฿4.765
Oct ’24฿9.95
฿13.47
+35.4%
4.3%฿14.40฿12.60฿5.257
Sep ’24฿10.50
฿13.47
+28.3%
4.3%฿14.40฿12.60฿4.067
Aug ’24฿10.50
฿13.56
+29.1%
4.2%฿14.40฿12.60฿4.507
Jul ’24฿10.60
฿13.56
+27.9%
4.2%฿14.40฿12.60฿4.787
Jun ’24฿11.00
฿13.56
+23.2%
4.2%฿14.40฿12.60฿5.557
May ’24฿11.80
฿13.67
+15.8%
4.0%฿14.40฿12.60฿7.106
Apr ’24฿11.60
฿13.67
+17.8%
4.0%฿14.40฿12.60฿7.056
Mar ’24฿11.60
฿13.50
+16.4%
4.5%฿14.40฿12.60฿6.855
Feb ’24฿12.10
฿12.78
+5.6%
9.4%฿14.40฿10.50฿8.106
Jan ’24฿12.10
฿12.80
+5.8%
8.7%฿14.40฿10.50฿8.457
Dec ’23฿10.70
฿12.80
+19.6%
8.7%฿14.40฿10.50฿8.707
Nov ’23฿10.20
฿12.88
+26.3%
9.1%฿14.10฿10.60฿8.556

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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