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NCH

N.C. Housing SET:NCH Stock Report

Last Price

฿1.73

Market Cap

฿2.2b

7D

-3.9%

1Y

22.7%

Updated

01 Oct, 2022

Data

Company Financials
NCH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

NCH Stock Overview

N.C. Housing Public Company Limited operates as a property development company in Thailand.

N.C. Housing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for N.C. Housing
Historical stock prices
Current Share Price฿1.73
52 Week High฿2.20
52 Week Low฿1.26
Beta0.88
1 Month Change10.90%
3 Month Change18.49%
1 Year Change22.70%
3 Year Change73.00%
5 Year Change46.61%
Change since IPO-45.29%

Recent News & Updates

Shareholder Returns

NCHTH Real EstateTH Market
7D-3.9%-1.9%-2.6%
1Y22.7%8.5%0.4%

Return vs Industry: NCH exceeded the TH Real Estate industry which returned 8.5% over the past year.

Return vs Market: NCH exceeded the TH Market which returned 0.4% over the past year.

Price Volatility

Is NCH's price volatile compared to industry and market?
NCH volatility
NCH Average Weekly Movement6.0%
Real Estate Industry Average Movement3.9%
Market Average Movement4.3%
10% most volatile stocks in TH Market8.8%
10% least volatile stocks in TH Market2.2%

Stable Share Price: NCH is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NCH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963n/aSomchao Tanthathoedthamhttps://www.ncgroup.co.th

N.C. Housing Public Company Limited operates as a property development company in Thailand. It develops and sells housing estates and land, single detached houses, duplexes, townhouses, condominiums, and others; provides contractor, construction, and project and property management services; rents space in club houses, etc.; and operates health rehabilitation and senior care centers, etc. The company was founded in 1963 and is headquartered in Pathum Thani, Thailand. N.C.

N.C. Housing Fundamentals Summary

How do N.C. Housing's earnings and revenue compare to its market cap?
NCH fundamental statistics
Market Cap฿2.15b
Earnings (TTM)฿319.10m
Revenue (TTM)฿2.43b

6.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCH income statement (TTM)
Revenue฿2.43b
Cost of Revenue฿1.58b
Gross Profit฿854.06m
Other Expenses฿534.96m
Earnings฿319.10m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin35.09%
Net Profit Margin13.11%
Debt/Equity Ratio37.3%

How did NCH perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

31%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NCH?

Other financial metrics that can be useful for relative valuation.

NCH 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/Revenue1.3x
Enterprise Value/EBITDA7.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

NCH PE Ratio vs Peers
The above table shows the PE ratio for NCH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.3x
KUN Villa Kunalai
10.9xn/a฿1.8b
BROCK Baan Rock Garden
54xn/a฿1.8b
A5 Asset Five Group
25.2xn/a฿2.8b
PEACE Peace & Living
7x12.5%฿2.3b
NCH N.C. Housing
6.8xn/a฿2.2b

Price-To-Earnings vs Peers: NCH is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (24.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: NCH is good value based on its Price-To-Earnings Ratio (6.8x) compared to the TH Real Estate industry average (13x)


Price to Earnings Ratio vs Fair Ratio

What is NCH'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.

NCH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: NCH (THB1.73) is trading above our estimate of fair value (THB1)

Significantly Below Fair Value: NCH is trading above our estimate of fair value.


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 N.C. Housing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.4%

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 N.C. Housing 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.


Discover growth companies

Past Performance

How has N.C. Housing performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


48.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NCH has high quality earnings.

Growing Profit Margin: NCH's current net profit margins (13.1%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: NCH's earnings have grown significantly by 48% per year over the past 5 years.

Accelerating Growth: NCH's earnings growth over the past year (78.1%) exceeds its 5-year average (48% per year).

Earnings vs Industry: NCH earnings growth over the past year (78.1%) exceeded the Real Estate industry -0.6%.


Return on Equity

High ROE: NCH's Return on Equity (10.4%) is considered low.


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Financial Health

How is N.C. Housing's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NCH's short term assets (THB3.5B) exceed its short term liabilities (THB1.2B).

Long Term Liabilities: NCH's short term assets (THB3.5B) exceed its long term liabilities (THB651.9M).


Debt to Equity History and Analysis

Debt Level: NCH's net debt to equity ratio (33.6%) is considered satisfactory.

Reducing Debt: NCH's debt to equity ratio has reduced from 85.4% to 37.3% over the past 5 years.

Debt Coverage: NCH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NCH's interest payments on its debt are well covered by EBIT (34.5x coverage).


Balance Sheet


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Dividend

What is N.C. Housing current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.62%

Current Dividend Yield

Dividend Yield vs Market

N.C. Housing Dividend Yield vs Market
How does N.C. Housing dividend yield compare to the market?
SegmentDividend Yield
Company (N.C. Housing)4.6%
Market Bottom 25% (TH)1.8%
Market Top 25% (TH)5.6%
Industry Average (Real Estate)3.2%
Analyst forecast in 3 Years (N.C. Housing)n/a

Notable Dividend: NCH's dividend (4.62%) is higher than the bottom 25% of dividend payers in the TH market (1.78%).

High Dividend: NCH's dividend (4.62%) is low compared to the top 25% of dividend payers in the TH market (5.56%).


Stability and Growth of Payments

Stable Dividend: NCH's dividend payments have been volatile in the past 10 years.

Growing Dividend: NCH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.2%), NCH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: NCH is paying a dividend but the company has no free cash flows.


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Management

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

11.0yrs

Average management tenure


CEO

Somchao Tanthathoedtham (69 yo)

18.83yrs

Tenure

฿180,000

Compensation

Dr. Somchao Tanthathoedtham serves as a Director at Ladprao General Hospital Public Company Limited. He had also been a Managing Director at N.C. Housing Public Company Limited since 1994 and serves as its...


Leadership Team

Experienced Management: NCH's management team is seasoned and experienced (11 years average tenure).


Board Members

Experienced Board: NCH's board of directors are considered experienced (3.4 years average tenure).


Ownership

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

What is the ownership structure of NCH?
Owner TypeNumber of SharesOwnership Percentage
Public Companies52,500,0004.2%
General Public203,902,61816.4%
Individual Insiders353,786,07828.4%
Private Companies635,094,99551.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 83.39% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
51%
The Tanthathoedtham group
635,094,995THB1.1b0%no data
24.18%
Somchao Tanthathoedtham
301,100,002THB520.9m0%no data
4.22%
Sabina Public Company Limited
52,500,000THB90.8m0%no data
2.38%
Somnuek Tanthathoedtham
29,610,000THB51.2m0%no data
1.61%
Kampanart Preechatangkit
20,100,000THB34.8m0%no data

Company Information

N.C. Housing Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: N.C. Housing Public Company Limited
  • Ticker: NCH
  • Exchange: SET
  • Founded: 1963
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ฿2.154b
  • Shares outstanding: 1.25b
  • Website: https://www.ncgroup.co.th

Location

  • N.C. Housing Public Company Limited
  • 1/765 Moo 17, Soi Amporn
  • Phaholyothin Road
  • Pathum Thani
  • 12130
  • Thailand


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCHSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBMar 2004
NCH-RSET (The Stock Exchange of Thailand)THB1 (NVDR)THTHBMar 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.