MFC Patong Heritage Property Fund (SET:M-PAT) - Stock Price, News & Analysis

M-PAT Stock Overview

Specializes in real estate investments. More details

M-PAT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 65.4% below our estimate of its fair value

Became profitable this year

Risk Analysis

Makes less than USD$1m in revenue (THB14M)

Does not have a meaningful market cap (THB281M)

Shares are highly illiquid

Large one-off items impacting financial results

MFC Patong Heritage Property Fund Competitors

Luxury Real Estate Investment Fund

SET:LUXF

฿1.6b

Quality Houses Hotel and Residence Freehold and Leasehold Property Fund

SET:QHHR

฿2.2b

Grande Hospitality Real Estate Investment Trust

SET:GAHREIT

฿1.1b

LH Hotel Leasehold Real Estate Investment Trust

SET:LHHOTEL

฿14.0b

Price History & Performance

Summary of all time highs, changes and price drops for MFC Patong Heritage Property Fund
Historical stock prices
Current Share Price	฿2.68
52 Week High	฿4.32
52 Week Low	฿2.12
Beta	0.40
11 Month Change	15.52%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	-33.00%
5 Year Change	-47.45%
Change since IPO	-71.18%

Recent updates

Shareholder Returns

	M-PAT	TH Hotel and Resort REITs	TH Market
7D	0%	1.9%	0.8%
1Y	n/a	6.9%	3.1%

Return vs Industry: Insufficient data to determine how M-PAT performed against the TH Hotel and Resort REITs industry.

Return vs Market: Insufficient data to determine how M-PAT performed against the TH Market.

Price Volatility

Is M-PAT's price volatile compared to industry and market?
M-PAT volatility
M-PAT Average Weekly Movement	n/a
Hotel and Resort REITs Industry Average Movement	3.0%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: M-PAT's share price has been volatile over the past 3 months compared to the TH market.

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

About the Company

Founded	Employees	CEO	Website
n/a	n/a	n/a	www.mfcfund.com/web/Fund/PropertyFund/MPAT.aspx

MFC Patong Heritage Property Fund specializes in real estate investments.

MFC Patong Heritage Property Fund Fundamentals Summary

How do MFC Patong Heritage Property Fund's earnings and revenue compare to its market cap?
M-PAT fundamental statistics
Market cap	฿281.40m
Earnings (TTM)	฿14.41m
Revenue (TTM)	฿14.28m

19.5x

P/E Ratio

19.7x

P/S Ratio

Is M-PAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M-PAT income statement (TTM)
Revenue	฿14.28m
Cost of Revenue	฿2.62m
Gross Profit	฿11.66m
Other Expenses	-฿2.75m
Earnings	฿14.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	81.66%
Net Profit Margin	100.93%
Debt/Equity Ratio	0%

How did M-PAT perform over the long term?

See historical performance and comparison

M-PAT Stock Overview

Rewards

Risk Analysis

MFC Patong Heritage Property Fund Competitors

SET:LUXF

฿1.6b

SET:QHHR

฿2.2b

SET:GAHREIT

฿1.1b

SET:LHHOTEL

฿14.0b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released

New major risk - Dividend sustainability

Upcoming dividend of ฿0.03 per share

Second quarter 2024 earnings released: ฿0.071 loss per share (vs ฿0.003 loss in 2Q 2023)

Upcoming dividend of ฿0.03 per share

Upcoming dividend of ฿0.03 per share

Recent updates

Third quarter 2024 earnings released

New major risk - Dividend sustainability

Upcoming dividend of ฿0.03 per share

Second quarter 2024 earnings released: ฿0.071 loss per share (vs ฿0.003 loss in 2Q 2023)

Upcoming dividend of ฿0.03 per share

Upcoming dividend of ฿0.03 per share

Full year 2023 earnings released: ฿0.23 loss per share (vs ฿0.92 profit in FY 2022)

New major risk - Market cap size

New major risk - Market cap size

New major risk - Financial position

Investor sentiment deteriorates as stock falls 20%

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 21%

Full year 2022 earnings released

Investor sentiment improves as stock rises 18%

Investor sentiment improved over the past week

MFC Patong Heritage Property Fund Omits to Pay Dividend for the Three-Month Period Ended 30 September 2022

Second quarter 2022 earnings released: ฿0.002 loss per share (vs ฿0.002 loss in 2Q 2021)

First quarter 2022 earnings released: ฿0.001 loss per share (vs ฿0.002 loss in 1Q 2021)

MFC Patong Heritage Property Fund, Annual General Meeting, Apr 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: ฿0.002 loss per share (vs ฿0.021 loss in 2Q 2020)

MFC Patong Heritage Property Fund Omits to Pay Dividend for the Three-Month Period Ended 31 March 2021

Full year 2020 earnings released

New 90-day high: ฿3.30

New 90-day high: ฿3.18

MFC Patong Heritage Property Fund Omits to Pay Dividend for the Operating Period from 1 July 2020 to 30 September 2020

Third quarter 2020 earnings released: ฿2.15 loss per share

New 90-day low - ฿2.52

MFC Patong Heritage Property Fund Omits to Pay Dividend for the Operating Period from 1 April 2020 to 30 June 2020

First half earnings released

New 90-day low - ฿3.60

Shareholder Returns

Price Volatility

About the Company

MFC Patong Heritage Property Fund Fundamentals Summary

19.5x

19.7x

Earnings & Revenue