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

MIPF is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (8x).

How does MIPF's PE Ratio compare vs other companies in the Asian Office REITs Industry?

MIPF is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the Asian Office REITs industry average (17.2x).

What is MIPF'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.

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

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

MIPF (THB11.5) is trading below our estimate of [[fair value]] (THB14.12)

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

Insufficient data to show price forecast.

MIPF Stock Overview

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

MIPF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 18.5% below our estimate of its fair value

Earnings grew by 24.4% over the past year

Risk Analysis

Earnings have declined by 12.7% per year over past 5 years

Shares are highly illiquid

Unstable dividend track record

Large one-off items impacting financial results

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

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 share price highs, lows and changes for Millionaire Property Fund
Historical stock prices
Current Share Price	฿11.50
52 Week High	฿16.90
52 Week Low	฿9.10
Beta	0.77
1 Month Change	15.00%
3 Month Change	4.55%
1 Year Change	n/a
3 Year Change	-25.81%
5 Year Change	-30.30%
Change since IPO	12.75%

Recent updates

Shareholder Returns

	MIPF	TH Office REITs	TH Market
7D	23.0%	-0.5%	-3.7%
1Y	n/a	1.0%	-0.4%

Return vs Industry: Insufficient data to determine how MIPF performed against the TH Office REITs industry.

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

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	3.2%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	9.2%
10% least volatile stocks in TH Market	2.1%

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	฿2.19b
Earnings (TTM)	฿107.70m
Revenue (TTM)	฿242.09m

20.3x

P/E Ratio

9.0x

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	฿242.09m
Cost of Revenue	฿103.12m
Gross Profit	฿138.97m
Other Expenses	฿31.28m
Earnings	฿107.70m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.57
Gross Margin	57.41%
Net Profit Margin	44.49%
Debt/Equity Ratio	0%

How did MIPF perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

94%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 03:43
End of Day Share Price	2024/12/18 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

Millionaire Property Fund is covered by 0 analysts. 0 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

Millionaire Property Fund SET:MIPF Stock Report