Millionaire Property Fund (SET:MIPF) - Stock Price, News & Analysis

MIPF Stock Overview

A closed-ended real estate investment trust launched and managed by One Asset Management Limited.

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

Rewards

Trading at 20% below our estimate of its fair value

Risk Analysis

Dividend of 6.8% is not well covered by earnings or free cash flows

Earnings have declined by 15.5% per year over past 5 years

Shares are highly illiquid

Large one-off items impacting financial results

+ 2 more risks

Millionaire Property Fund Competitors

S Prime Growth Leasehold Real Estate Investment Trust

SET:SPRIME

฿1.9b

WHA Business Complex Freehold and Leasehold Real Estate Investment Trust

SET:WHABT

฿1.5b

Prime Office Leasehold Property Fund

SET:POPF

฿3.0b

Bhiraj Office Leasehold Real Estate Investment Trust

SET:BOFFICE

฿3.8b

Price History & Performance

Summary of all time highs, changes and price drops for Millionaire Property Fund
Historical stock prices
Current Share Price	฿10.30
52 Week High	฿16.90
52 Week Low	฿9.10
Beta	0.72
11 Month Change	-6.36%
3 Month Change	n/a
1 Year Change	3.00%
33 Year Change	-34.81%
5 Year Change	-35.63%
Change since IPO	0.98%

Recent updates

Shareholder Returns

	MIPF	TH Office REITs	TH Market
7D	1.0%	0.7%	1.3%
1Y	3.0%	1.7%	6.2%

Return vs Industry: MIPF exceeded the TH Office REITs industry which returned 1.7% over the past year.

Return vs Market: MIPF underperformed the TH Market which returned 6.2% over the past year.

Price Volatility

Is MIPF's price volatile compared to industry and market?
MIPF volatility
MIPF Average Weekly Movement	n/a
Office REITs Industry Average Movement	3.6%
Market Average Movement	5.2%
10% most volatile stocks in TH Market	11.3%
10% least volatile stocks in TH Market	2.7%

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

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

About the Company

Founded	Employees	CEO	Website
2005	n/a	n/a	www.one-asset.com

Millionaire Property Fund is a closed-ended real estate investment trust launched and managed by One Asset Management Limited. It invests in the real estate markets of Thailand. The fund seeks to invest in a diversified portfolio of real estate related assets.

Millionaire Property Fund Fundamentals Summary

How do Millionaire Property Fund's earnings and revenue compare to its market cap?
MIPF fundamental statistics
Market cap	฿1.96b
Earnings (TTM)	฿81.49m
Revenue (TTM)	฿242.46m

24.0x

P/E Ratio

8.1x

P/S Ratio

Is MIPF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MIPF income statement (TTM)
Revenue	฿242.46m
Cost of Revenue	฿113.69m
Gross Profit	฿128.77m
Other Expenses	฿47.28m
Earnings	฿81.49m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.43
Gross Margin	53.11%
Net Profit Margin	33.61%
Debt/Equity Ratio	0%

How did MIPF perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

101%

Payout Ratio

Millionaire Property Fund SET:MIPF Stock Report