Siamese Asset Public Company Limited

SET:SA-R Stock Report

Market Cap: ฿9.4b

Siamese Asset Past Earnings Performance

Past criteria checks 3/6

Siamese Asset's earnings have been declining at an average annual rate of -39%, while the Real Estate industry saw earnings growing at 8.1% annually. Revenues have been declining at an average rate of 27.7% per year. Siamese Asset's return on equity is 4.6%, and it has net margins of 9.2%.

Key information


Earnings growth rate


EPS growth rate

Real Estate Industry Growth8.4%
Revenue growth rate-27.7%
Return on equity4.6%
Net Margin9.2%
Last Earnings Update31 Mar 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Siamese Asset makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:SA-R Revenue, expenses and earnings (THB Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 242,2652076880
31 Dec 231,4151605750
30 Sep 231,241806190
30 Jun 231,9471656840
31 Mar 231,9761746700
31 Dec 222,0321466670
30 Sep 222,0491185980
30 Jun 221,657835640
31 Mar 221,8691275730
31 Dec 212,1881476350
30 Sep 213,1735817520
30 Jun 213,9467298600
31 Mar 213,5856487820
31 Dec 203,4186357020
30 Sep 202,9343526450
31 Dec 193,4705036400
30 Sep 193,7625707270
31 Dec 182,0351635340
31 Dec 171,417673390
31 Dec 161,167452530
31 Dec 151,177-182280
31 Dec 13642-701220

Quality Earnings: SA-R has a large one-off gain of THB287.4M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: SA-R's current net profit margins (9.2%) are higher than last year (8.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SA-R's earnings have declined by 39% per year over the past 5 years.

Accelerating Growth: SA-R's earnings growth over the past year (19%) exceeds its 5-year average (-39% per year).

Earnings vs Industry: SA-R earnings growth over the past year (19%) exceeded the Real Estate industry -17.8%.

Return on Equity

High ROE: SA-R's Return on Equity (4.6%) is considered low.

Return on Assets

Return on Capital Employed

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