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Pruksa Holding

BST:2PR4
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2PR4
BST
฿33B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Pruksa Holding Public Company Limited, through its subsidiaries, engages in the development and sale of residential real estate properties in Thailand, India, and Maldives. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Pruksa Holding has significant price volatility in the past 3 months.
2PR4 Share Price and Events
7 Day Returns
-6.6%
BST:2PR4
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-12%
BST:2PR4
-1.1%
DE Real Estate
9.9%
DE Market
2PR4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pruksa Holding (2PR4) -6.6% -6.6% -24.1% -12% - -
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 2PR4 underperformed the Real Estate industry which returned -1.1% over the past year.
  • 2PR4 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
2PR4
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Pruksa Holding's competitors could be found in our database.

2PR4 Value

 Is Pruksa Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pruksa Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pruksa Holding.

BST:2PR4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:2PR4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 20%) (95.29%))
1.571
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.571 * 5.96%)
9.59%

Discounted Cash Flow Calculation for BST:2PR4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pruksa Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:2PR4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 9.59%)
2020 4,907.53 Analyst x5 4,478.08
2021 4,720.33 Analyst x5 3,930.35
2022 5,463.39 Analyst x1 4,150.98
2023 5,678.57 Est @ 3.94% 3,936.92
2024 5,839.01 Est @ 2.83% 3,693.90
2025 5,958.48 Est @ 2.05% 3,439.63
2026 6,047.90 Est @ 1.5% 3,185.74
2027 6,115.57 Est @ 1.12% 2,939.49
2028 6,167.66 Est @ 0.85% 2,705.10
2029 6,208.64 Est @ 0.66% 2,484.79
Present value of next 10 years cash flows ฿34,944.00
BST:2PR4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿6,208.64 × (1 + 0.23%) ÷ (9.59% – 0.23%)
฿66,469.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿66,469.03 ÷ (1 + 9.59%)10
฿26,601.86
BST:2PR4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿34,944.00 + ฿26,601.86
฿61,545.86
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿61,545.86 / 2,188.50
฿28.12
BST:2PR4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:2PR4 represents 0.02789x of SET:PSH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02789x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 28.12 x 0.02789
€0.78
Value per share (EUR) From above. €0.78
Current discount Discount to share price of €0.42
= -1 x (€0.42 - €0.78) / €0.78
46%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pruksa Holding is available for.
Intrinsic value
46%
Share price is €0.424 vs Future cash flow value of €0.78446
Current Discount Checks
For Pruksa Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pruksa Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pruksa Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pruksa Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pruksa Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:2PR4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in THB ฿2.53
SET:PSH Share Price ** SET (2019-11-15) in THB ฿15.2
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pruksa Holding.

BST:2PR4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:PSH Share Price ÷ EPS (both in THB)

= 15.2 ÷ 2.53

6.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pruksa Holding is good value based on earnings compared to the DE Real Estate industry average.
  • Pruksa Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pruksa Holding's expected growth come at a high price?
Raw Data
BST:2PR4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
5.1%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:2PR4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.01x ÷ 5.1%

1.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pruksa Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pruksa Holding's assets?
Raw Data
BST:2PR4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in THB ฿18.85
SET:PSH Share Price * SET (2019-11-15) in THB ฿15.2
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:2PR4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:PSH Share Price ÷ Book Value per Share (both in THB)

= 15.2 ÷ 18.85

0.81x

* Primary Listing of Pruksa Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pruksa Holding is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Pruksa Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Pruksa Holding has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2PR4 Future Performance

 How is Pruksa Holding expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pruksa Holding expected to grow at an attractive rate?
  • Pruksa Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pruksa Holding's earnings growth is positive but not above the Germany market average.
  • Pruksa Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:2PR4 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:2PR4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 5.1%
BST:2PR4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.9%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:2PR4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:2PR4 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 50,536 6,703 1
2021-12-31 47,630 4,606 6,006 10
2020-12-31 44,361 5,394 5,574 13
2019-12-31 42,186 6,334 5,471 7
2019-11-17
BST:2PR4 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-09-30 42,761 2,563 5,539
2019-06-30 45,439 1,987 6,215
2019-03-31 48,612 5,936 6,846
2018-12-31 45,071 1,525 6,022
2018-09-30 43,973 1,280 5,757
2018-06-30 42,838 1,721 5,457
2018-03-31 44,391 -533 5,637
2017-12-31 44,113 1,391 5,456
2017-09-30 44,776 316 5,674
2017-06-30 43,824 -1,390 5,292
2017-03-31 44,965 1,704 5,382
2016-12-31 47,173 4,431 5,940

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pruksa Holding's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Pruksa Holding's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:2PR4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Pruksa Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:2PR4 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.06 3.06 3.06 1.00
2021-12-31 2.79 3.24 2.40 10.00
2020-12-31 2.59 2.96 2.16 13.00
2019-12-31 2.49 2.60 2.29 9.00
2019-11-17
BST:2PR4 Past Financials Data
Date (Data in THB Millions) EPS *
2019-09-30 2.53
2019-06-30 2.84
2019-03-31 3.13
2018-12-31 2.75
2018-09-30 2.63
2018-06-30 2.49
2018-03-31 2.58
2017-12-31 2.50
2017-09-30 2.64
2017-06-30 2.45
2017-03-31 2.48
2016-12-31 2.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pruksa Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pruksa Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pruksa Holding has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2PR4 Past Performance

  How has Pruksa Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pruksa Holding's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pruksa Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Pruksa Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pruksa Holding's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
Pruksa Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pruksa Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:2PR4 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 42,761.21 5,539.22 7,748.49
2019-06-30 45,439.26 6,214.75 7,939.03
2019-03-31 48,611.58 6,845.59 8,432.46
2018-12-31 45,070.52 6,022.37 8,430.39
2018-09-30 43,972.71 5,757.15 8,318.01
2018-06-30 42,838.22 5,456.92 8,313.18
2018-03-31 44,391.21 5,637.50 8,538.35
2017-12-31 44,112.90 5,456.42 8,536.70
2017-09-30 44,775.92 5,674.23 8,509.45
2017-06-30 43,824.17 5,292.34 8,499.02
2017-03-31 44,964.79 5,381.76 8,302.99
2016-12-31 47,173.24 5,940.29 8,153.45
2016-09-30 50,670.69 6,965.26 8,001.82
2016-06-30 52,991.73 7,694.15 7,890.94
2016-03-31 53,384.72 8,029.12 7,688.63
2015-12-31 51,437.94 7,680.36 7,660.74
2015-09-30 46,366.92 6,578.09 7,281.60
2015-06-30 46,523.97 6,778.49 7,315.49
2015-03-31 43,323.86 6,480.73 7,116.61
2014-12-31 43,026.90 6,654.52 6,910.16
2014-09-30 44,317.77 7,035.89 6,918.56
2014-06-30 42,495.81 6,554.89 6,677.58
2014-03-31 40,755.87 6,093.44 6,370.95
2013-12-31 39,041.12 5,801.82 6,076.77
2013-09-30 33,627.54 4,801.99 4,465.36
2013-06-30 31,062.62 4,444.99 3,985.74
2013-03-31 28,805.92 4,038.27 3,706.95
2012-12-31 27,140.74 3,898.14 3,370.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pruksa Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pruksa Holding used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Pruksa Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pruksa Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pruksa Holding has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2PR4 Health

 How is Pruksa Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pruksa Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pruksa Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pruksa Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pruksa Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pruksa Holding Company Filings, last reported 1 month ago.

BST:2PR4 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 41,956.81 31,700.00 1,287.13
2019-06-30 42,370.39 29,650.33 1,622.39
2019-03-31 43,583.78 26,700.00 2,744.33
2018-12-31 41,874.48 27,100.00 1,444.56
2018-09-30 39,822.11 28,905.16 1,225.44
2018-06-30 39,451.70 27,300.00 2,253.82
2018-03-31 39,448.14 27,260.00 1,606.83
2017-12-31 38,659.54 24,300.00 1,347.53
2017-09-30 36,887.17 25,500.00 661.28
2017-06-30 36,865.35 23,700.00 2,142.76
2017-03-31 36,879.38 21,000.00 1,286.12
2016-12-31 36,163.94 19,897.95 831.79
2016-09-30 34,154.72 20,757.76 842.11
2016-06-30 34,547.58 18,000.00 2,002.83
2016-03-31 35,498.78 21,000.00 4,732.88
2015-12-31 34,218.03 20,000.00 1,660.89
2015-09-30 31,205.69 22,794.65 904.61
2015-06-30 30,657.11 24,043.57 2,257.79
2015-03-31 30,719.21 24,208.40 1,181.03
2014-12-31 29,707.14 22,294.61 911.42
2014-09-30 27,877.61 24,135.47 1,597.04
2014-06-30 26,014.11 25,885.37 1,656.74
2014-03-31 26,023.16 22,883.56 1,953.37
2013-12-31 24,932.62 20,947.55 1,815.20
2013-09-30 22,631.53 23,312.62 1,964.36
2013-06-30 21,285.51 21,136.62 2,154.74
2013-03-31 20,961.69 19,855.95 2,356.26
2012-12-31 20,081.79 17,508.33 1,565.98
  • Pruksa Holding's level of debt (75.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (86.4% vs 75.6% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.9x coverage).
X
Financial health checks
We assess Pruksa Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pruksa Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2PR4 Dividends

 What is Pruksa Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.2%
Current annual income from Pruksa Holding dividends. Estimated to be 9.08% next year.
If you bought €2,000 of Pruksa Holding shares you are expected to receive €204 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pruksa Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Pruksa Holding's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:2PR4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:2PR4 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.70 1.00
2021-12-31 1.43 10.00
2020-12-31 1.34 12.00
2019-12-31 1.34 10.00
2019-11-17
BST:2PR4 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-21 1.550 8.249
2018-08-09 1.270 6.644
2018-04-27 2.090 9.882
2017-11-13 1.370 5.895
2017-08-11 1.370 5.771
2017-07-17 1.370 5.969
2017-05-15 1.600 7.145

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pruksa Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Pruksa Holding has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Pruksa Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Pruksa Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pruksa Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pruksa Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2PR4 Management

 What is the CEO of Pruksa Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thongma Vijitpongpun
AGE 61
CEO Bio

Mr. Thongma Vijitpongpun serves as Executive Vice Chairman and Chief Executive Officer of Pruksa Holding Public Company Limited and served as its President. Mr. Vijitpongpun serves as the Chief Executive Officer and President of Pruksa Real Estate Public Company Limited. He served as the Managing Director of Kaysorn Restaurant Co. Ltd. from 1998 to 2004. He served as a Manager of Siam Engineering Limited Partnership from 1985 to 1991. He serves as Executive Vice Chairman of Pruksa Real Estate Public Company Limited. He serves as a Director of Pruksa Real Estate Public Company Limited. He serves as a Director of Preuksa International Co., Ltd., Preuksa Overseas Co., Ltd., and Pruksa Holding Public Company Limited. He is trained at Directors Certification Program - DCP 51/2004, Thai Institute of Director (IOD) and Finance for Non-Finance Directors, Thai Institute of Director (IOD). Mr. Vijitpongpun holds a Bachelor Degree (Engineering) from Chulalongkorn University. He has (Honors) Ph.D. in Engineering Science in Civil Engineering from SPU and Ph.D. in Civil Engineering from RMUTK.

CEO Compensation
  • Insufficient data for Thongma to compare compensation growth.
  • Insufficient data for Thongma to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pruksa Holding management team in years:

1
Average Tenure
56
Average Age
  • The average tenure for the Pruksa Holding management team is less than 2 years, this suggests a new team.
Management Team

Thongma Vijitpongpun

TITLE
Executive Vice Chairman & Group CEO
AGE
61

Suporn Treewichayapong

TITLE
Acting Chief Financial Officer
AGE
58
TENURE
0.6 yrs

Watcharin Opassathien

TITLE
Senior Vice President of Financial Accounting
TENURE
0.6 yrs

Nuttaporn Voonklinhom

TITLE
Group Chief Technology Officer
AGE
36
TENURE
1 yrs

Komkrit Nongsawad

TITLE
Acting Group Chief Corporate Marketing Officer
AGE
54
TENURE
2 yrs

Udomsak Yamnoon

TITLE
Acting Group Chief Human Resources Officer
AGE
57

Premsak Vallikul

TITLE
Head of Internal Audit
AGE
55

Porntep Suppataratarn

TITLE
Group Chief Procurement & Supply Chain Officer
AGE
56
TENURE
3.8 yrs

Supattra Paopiamsap

TITLE
Deputy Group CEO & Director
AGE
56
TENURE
2.2 yrs

Angkana Likhitchanyakul

TITLE
Acting Group Chief Corporate Marketing Officer
AGE
44
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Pruksa Holding board of directors in years:

4.9
Average Tenure
59
Average Age
  • The tenure for the Pruksa Holding board of directors is about average.
Board of Directors

Prasarn Trairatvorakul

TITLE
Independent Chairman
COMPENSATION
฿4M
AGE
67
TENURE
0.3 yrs

Thongma Vijitpongpun

TITLE
Executive Vice Chairman & Group CEO
AGE
61

Supattra Paopiamsap

TITLE
Deputy Group CEO & Director
AGE
56
TENURE
1.6 yrs

Weerachai Ngamdeevilaisak

TITLE
Independent Director
COMPENSATION
฿4M
AGE
56
TENURE
14.6 yrs

Piyasvasti Amranand

TITLE
Independent Director
COMPENSATION
฿3M
AGE
66
TENURE
5.7 yrs

Anusorn Sangnimnuan

TITLE
Independent Director
COMPENSATION
฿3M
AGE
65
TENURE
4.9 yrs

Prasert Taedullayasatit

TITLE
Director
AGE
51
TENURE
2.6 yrs

Rattana Promsawad

TITLE
Director
AGE
58
TENURE
14.6 yrs

Piya Prayong

TITLE
Director
AGE
49
TENURE
14.6 yrs

Piyamitr Sritara

TITLE
Independent Director
COMPENSATION
฿2M
AGE
60
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Pruksa Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pruksa Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2PR4 News

Simply Wall St News

2PR4 Company Info

Description

Pruksa Holding Public Company Limited, through its subsidiaries, engages in the development and sale of residential real estate properties in Thailand, India, and Maldives. The company develops townhouses, single houses, and condominiums. It also provides management, home decoration, and construction services; and operates hospitals and clinics, as well as place of examination and treatment. The company was founded in 1993 and is headquartered in Bangkok, Thailand.

Details
Name: Pruksa Holding Public Company Limited
2PR4
Exchange: BST
Founded: 1993
฿995,034,260
2,188,504,922
Website: http://www.psh.co.th
Address: Pruksa Holding Public Company Limited
1177, Pearl Bangkok Building,
24Th Floor, Phahonyothin,
Bangkok,
10400,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET PSH New Common Stock The Stock Exchange of Thailand TH THB 01. Dec 2016
SET PSH-R THB1 (NVDR) The Stock Exchange of Thailand TH THB 02. Dec 2016
THAMSE PSH-F THB1(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 01. Dec 2016
DB 2PR3 THB1 (NVDR) Deutsche Boerse AG DE EUR 02. Dec 2016
BST 2PR4 THB1(ALIEN MKT) Boerse-Stuttgart DE EUR 01. Dec 2016
Number of employees
Current staff
Staff numbers
0
Pruksa Holding employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:57
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.