QH-R Stock Overview

Engages in the property development business in Thailand. More details

QH-R fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	1/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 46.9% below our estimate of its fair value

Earnings are forecast to grow 9.33% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 7.56% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Quality Houses Public Company Limited Competitors

Pruksa Holding

SET:PSH

฿17.7b

AP (Thailand)

SET:AP

฿26.9b

Frasers Property (Thailand)

SET:FPT

฿28.8b

SC Asset Corporation

SET:SC

฿11.9b

Price History & Performance

Summary of share price highs, lows and changes for Quality Houses
Historical stock prices
Current Share Price	฿1.72
52 Week High	฿2.30
52 Week Low	฿1.59
Beta	0.43
1 Month Change	-4.97%
3 Month Change	-11.34%
1 Year Change	-21.82%
3 Year Change	-23.89%
5 Year Change	-32.81%
Change since IPO	-48.24%

Recent updates

Shareholder Returns

	QH-R	TH Real Estate	TH Market
7D	-1.1%	0.7%	-0.05%
1Y	-21.8%	-16.9%	-1.8%

Return vs Industry: QH-R underperformed the TH Real Estate industry which returned -16.9% over the past year.

Return vs Market: QH-R underperformed the TH Market which returned -1.8% over the past year.

Price Volatility

Is QH-R's price volatile compared to industry and market?
QH-R volatility
QH-R Average Weekly Movement	3.3%
Real Estate Industry Average Movement	4.2%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.8%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: QH-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: QH-R's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	n/a	Chalerm Kiettitanabumroong	www.qh.co.th

Quality Houses Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. It operates in four segments: Real Estate Business, Hotel Business, Rental Business, and Others. The company develops and sells land and houses, and residential condominium units; rents office buildings; and services residential buildings, as well as manages public utilities and real estate business of landowners.

Quality Houses Public Company Limited Fundamentals Summary

How do Quality Houses's earnings and revenue compare to its market cap?
QH-R fundamental statistics
Market cap	฿18.43b
Earnings (TTM)	฿2.29b
Revenue (TTM)	฿8.99b

8.0x

P/E Ratio

2.0x

P/S Ratio

Is QH-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
QH-R income statement (TTM)
Revenue	฿8.99b
Cost of Revenue	฿5.91b
Gross Profit	฿3.09b
Other Expenses	฿795.65m
Earnings	฿2.29b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.21
Gross Margin	34.32%
Net Profit Margin	25.47%
Debt/Equity Ratio	38.0%

How did QH-R perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

61%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 03:43
End of Day Share Price	2024/12/25 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Quality Houses Public Company Limited is covered by 37 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Chutima Woramontri	BNP Paribas Securities (Asia)
Narumon Ekasamut	BofA Global Research
Narumon Ekasamut	Bualuang Securities PCL