Bless Asset Group SET:BLESS Stock Report

Last Price


Market Cap







25 Sep, 2022


Company Financials
BLESS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health4/6

BLESS Stock Overview

Bless Asset Group Public Company Limited develops and sells land and houses in Thailand.

Bless Asset Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bless Asset Group
Historical stock prices
Current Share Price฿1.28
52 Week High฿1.71
52 Week Low฿1.12
1 Month Change10.35%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-8.57%

Recent News & Updates

Shareholder Returns

BLESSTH Real EstateTH Market

Return vs Industry: Insufficient data to determine how BLESS performed against the TH Real Estate industry.

Return vs Market: Insufficient data to determine how BLESS performed against the TH Market.

Price Volatility

Is BLESS's price volatile compared to industry and market?
BLESS volatility
BLESS Average Weekly Movement8.3%
Real Estate Industry Average Movement3.9%
Market Average Movement4.3%
10% most volatile stocks in TH Market8.6%
10% least volatile stocks in TH Market2.2%

Stable Share Price: BLESS is more volatile than 75% of TH stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: Insufficient data to determine BLESS's volatility change over the past year.

About the Company

2010128Chaiwat Kovitchindachai

Bless Asset Group Public Company Limited develops and sells land and houses in Thailand. It develops townhomes and condominiums. The company was incorporated in 2010 and is based in Bangkok, Thailand.

Bless Asset Group Fundamentals Summary

How do Bless Asset Group's earnings and revenue compare to its market cap?
BLESS fundamental statistics
Market Cap฿1.02b
Earnings (TTM)฿62.71m
Revenue (TTM)฿743.77m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLESS income statement (TTM)
Cost of Revenue฿518.43m
Gross Profit฿225.35m
Other Expenses฿162.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)0.078
Gross Margin30.30%
Net Profit Margin8.43%
Debt/Equity Ratio125.4%

How did BLESS perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BLESS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA25.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BLESS PE Ratio vs Peers
The above table shows the PE ratio for BLESS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17x
SAMCO Sammakorn
CHEWA Chewathai
RICHY Richy Place 2002
THANA Thanasiri Group
BLESS Bless Asset Group

Price-To-Earnings vs Peers: BLESS is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (17x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BLESS is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the TH Real Estate industry average (13.9x)

Price to Earnings Ratio vs Fair Ratio

What is BLESS'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.

BLESS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BLESS's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: BLESS (THB1.28) is trading below our estimate of fair value (THB4.95)

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

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Bless Asset Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bless Asset Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Bless Asset Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Bless Asset Group performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BLESS has high quality earnings.

Growing Profit Margin: BLESS's current net profit margins (8.4%) are lower than last year (11.1%).

Past Earnings Growth Analysis

Earnings Trend: BLESS's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: BLESS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BLESS had negative earnings growth (-33.2%) over the past year, making it difficult to compare to the Real Estate industry average (-0.6%).

Return on Equity

High ROE: BLESS's Return on Equity (6.9%) is considered low.

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Financial Health

How is Bless Asset Group's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BLESS's short term assets (THB1.6B) exceed its short term liabilities (THB1.3B).

Long Term Liabilities: BLESS's short term assets (THB1.6B) exceed its long term liabilities (THB21.3M).

Debt to Equity History and Analysis

Debt Level: BLESS's net debt to equity ratio (118.8%) is considered high.

Reducing Debt: Insufficient data to determine if BLESS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BLESS's debt is well covered by operating cash flow (49.3%).

Interest Coverage: BLESS's interest payments on its debt are well covered by EBIT (47.7x coverage).

Balance Sheet

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What is Bless Asset Group current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BLESS's dividend (7.81%) is higher than the bottom 25% of dividend payers in the TH market (1.7%).

High Dividend: BLESS's dividend (7.81%) is in the top 25% of dividend payers in the TH market (5.39%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether BLESS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if BLESS's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.2%), BLESS's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.4%), BLESS's dividend payments are thoroughly covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Chaiwat Kovitchindachai

no data



Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: BLESS only recently listed within the past 12 months.

Top Shareholders

Top 3 shareholders own 68.76% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Nipha Aphirattanarungruang
298,000,000THB381.4m0%no data
Natthapong Sukjaroenkraisri
228,600,000THB292.6m0%no data
Chaiwat Kovitchindachai
23,500,000THB30.1m0%no data

Company Information

Bless Asset Group Public Company Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Bless Asset Group Public Company Limited
  • Ticker: BLESS
  • Exchange: SET
  • Founded: 2010
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ฿1.024b
  • Shares outstanding: 800.00m
  • Website:

Number of Employees


  • Bless Asset Group Public Company Limited
  • 609/154 Nawamin Road
  • Nuanchan Subdistrict
  • Bangkok
  • 10230
  • Thailand


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLESSSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJul 2022
BLESS-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB0.50 (ALIEN)THTHBJul 2022
BLESS-RSET (The Stock Exchange of Thailand)THB0.50 (NVDR)THTHBJul 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2021/12/31

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.