How does WHART-F's PE Ratio compare to its peers?

WHART-F is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (12.2x).

How does WHART-F's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

WHART-F is good value based on its Price-To-Earnings Ratio (15.4x) compared to the Asian Industrial REITs industry average (20.7x).

What is WHART-F'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 WHART-F's Price-To-Earnings Fair Ratio for valuation analysis.

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

WHART-F (THB13) is trading above our estimate of [[fair value]] (THB7.83)

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.

WHART-F Stock Overview

A real estate investment trust externally managed by WHA Real Estate Management Company Limited. More details

WHART-F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings are forecast to grow 9.1% per year

Risk Analysis

Dividend of 7.74% is not well covered by earnings or free cash flows

Shares are highly illiquid

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust Competitors

Ticon Freehold and Leasehold Real Estate Investment Trust

SET:FTREIT

฿32.5b

AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

SET:AIMIRT

฿8.3b

WHA Industrial Leasehold Real Estate Investment Trust

SET:WHAIR

฿6.1b

Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust

SET:PROSPECT

฿3.2b

Price History & Performance

Summary of share price highs, lows and changes for WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
Historical stock prices
Current Share Price	฿13.00
52 Week High	฿13.00
52 Week Low	฿9.60
Beta	0.52
1 Month Change	0%
3 Month Change	21.50%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	23.81%

Recent updates

Shareholder Returns

	WHART-F	TH Industrial REITs	TH Market
7D	0%	-4.1%	-4.7%
1Y	n/a	1.8%	-3.4%

Return vs Industry: Insufficient data to determine how WHART-F performed against the TH Industrial REITs industry.

Return vs Market: Insufficient data to determine how WHART-F performed against the TH Market.

Price Volatility

Is WHART-F's price volatile compared to industry and market?
WHART-F volatility
WHART-F Average Weekly Movement	n/a
Industrial REITs Industry Average Movement	2.5%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

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

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

About the Company

Founded	Employees	CEO	Website
2014	n/a	Suppasit Sitthasate	www.whareit.com/th/home

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust is a real estate investment trust externally managed by WHA Real Estate Management Company Limited. The firm invests mostly in property or property leasehold rights and generate benefit from such properties including to improve, alter, develop or dispose other assets in which the Trust invest or possess whatsoever lease, sub-lease or sale or other process for the benefit of the property and create the revenue and return to the Trust and the unitholders. WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust was formed on December 8, 2014 and is based in Bangkok, Thailand.

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust Fundamentals Summary

How do WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust's earnings and revenue compare to its market cap?
WHART-F fundamental statistics
Market cap	฿34.69b
Earnings (TTM)	฿2.25b
Revenue (TTM)	฿3.45b

15.4x

P/E Ratio

10.0x

P/S Ratio

Is WHART-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WHART-F income statement (TTM)
Revenue	฿3.45b
Cost of Revenue	฿298.79m
Gross Profit	฿3.16b
Other Expenses	฿907.17m
Earnings	฿2.25b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.65
Gross Margin	91.35%
Net Profit Margin	65.08%
Debt/Equity Ratio	41.1%

How did WHART-F perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

-547%

Payout Ratio

Does WHART-F pay a reliable dividends?

See WHART-F dividend history and benchmarks

When do you need to buy WHART-F by to receive an upcoming dividend?
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust dividend dates
Ex Dividend Date	Nov 25 2024
Dividend Pay Date	Dec 13 2024
Days until Ex dividend	29 days
Days until Dividend pay date	11 days

Does WHART-F pay a reliable dividends?

See WHART-F dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/01 16:49
End of Day Share Price	2024/09/03 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

WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust is covered by 5 analysts. 3 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
Pornthipa Rayabsangduan	CGS International
Chanpen Sirithanarattanakul	DBS Bank Ltd
Chanpen Sirithanarattanakul	DBS Vickers Research