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Frasers Property (Thailand)

BST:6TI
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6TI
BST
฿31B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Frasers Property (Thailand) Public Company Limited develops and manages industrial properties in Thailand and Indonesia. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Frasers Property (Thailand) has significant price volatility in the past 3 months.
6TI Share Price and Events
7 Day Returns
-0.3%
BST:6TI
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
14.9%
BST:6TI
-1.1%
DE Real Estate
9.9%
DE Market
6TI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frasers Property (Thailand) (6TI) -0.3% -16.7% -16% 14.9% 11.1% -5.6%
DE Real Estate 0.9% -1.1% 4.2% -1.1% 39.2% 87.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 6TI outperformed the Real Estate industry which returned -1.1% over the past year.
  • 6TI outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
6TI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Frasers Property (Thailand)'s competitors could be found in our database.

Value

 Is Frasers Property (Thailand) 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 Frasers Property (Thailand) 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 Frasers Property (Thailand).

BST:6TI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in THB ฿ 0.475
Payout Ratio Company Filings (2019-09-30) 4088.5%
Discount Rate (Cost of Equity) See below 8.4%
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:6TI
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%) (160.04%))
1.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.365 * 5.96%)
8.36%

Discounted Cash Flow Calculation for BST:6TI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Frasers Property (Thailand) is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:6TI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿0.48 / (8.36% - 0.23%)
฿0
BST:6TI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:6TI represents 0.02766x of SET:FPT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02766x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 5.84 x 0.02766
€0.16
Value per share (EUR) From above. €0.16
Current discount Discount to share price of €0.43
= -1 x (€0.43 - €0.16) / €0.16
-165.5%

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

  • The current share price of Frasers Property (Thailand) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Frasers Property (Thailand)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frasers Property (Thailand)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:6TI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in THB ฿0.96
SET:FPT Share Price ** SET (2019-11-15) in THB ฿15.5
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of Frasers Property (Thailand).

BST:6TI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 15.5 ÷ 0.96

16.17x

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

  • Frasers Property (Thailand) is overvalued based on earnings compared to the DE Real Estate industry average.
  • Frasers Property (Thailand) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Frasers Property (Thailand)'s expected growth come at a high price?
Raw Data
BST:6TI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24.6%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 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:6TI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.17x ÷ 24.6%

0.66x

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

  • Frasers Property (Thailand) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Frasers Property (Thailand)'s assets?
Raw Data
BST:6TI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in THB ฿13.48
SET:FPT Share Price * SET (2019-11-15) in THB ฿15.5
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
BST:6TI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.5 ÷ 13.48

1.15x

* Primary Listing of Frasers Property (Thailand).

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

  • Frasers Property (Thailand) is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Frasers Property (Thailand)'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. Frasers Property (Thailand) has a total score of 3/6, 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.

Future Performance

 How is Frasers Property (Thailand) expected to perform in the next 1 to 3 years based on estimates from 2 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
24.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frasers Property (Thailand) expected to grow at an attractive rate?
  • Frasers Property (Thailand)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Frasers Property (Thailand)'s earnings growth is expected to exceed the Germany market average.
  • Frasers Property (Thailand)'s revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:6TI Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:6TI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24.6%
BST:6TI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.3%
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:6TI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:6TI Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 3,567
2021-12-31 2,906
2020-12-31 19,837 2,389 1
2020-09-30 22,776 2,345 2,544 1
2019-12-31 1,402
2019-11-18
BST:6TI Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-09-30 19,293 -3,963 1,791
2019-06-30 7,596 5,043 1,350
2019-03-31 6,634 4,761 1,139
2018-12-31 7,224 5,110 1,321
2018-09-30 13,888 -2,975 892
2018-06-30 2,952 1,728 662
2018-03-31 2,849 1,798 643
2017-12-31 2,224 1,522 480
2017-09-30 2,318 1,221 252
2017-06-30 2,302 800 168
2017-03-31 2,197 504 114
2016-12-31 2,014 87 275

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frasers Property (Thailand)'s earnings are expected to grow significantly at over 20% yearly.
  • Frasers Property (Thailand)'s revenue is expected to grow by 6.3% 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:6TI 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 2 Analyst Estimates (S&P Global) See Below

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

BST:6TI Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.80 1.80 1.80 1.00
2021-12-31 1.40 1.40 1.40 1.00
2020-12-31 1.20 1.20 1.20 1.00
2020-09-30 1.26 1.26 1.26 1.00
2019-12-31 0.70 0.70 0.70 1.00
2019-11-18
BST:6TI Past Financials Data
Date (Data in THB Millions) EPS *
2019-09-30 0.96
2019-06-30 0.73
2019-03-31 0.62
2018-12-31 0.72
2018-09-30 0.49
2018-06-30 0.36
2018-03-31 0.35
2017-12-31 0.27
2017-09-30 0.16
2017-06-30 0.12
2017-03-31 0.09
2016-12-31 0.25

*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.
  • Frasers Property (Thailand) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Frasers Property (Thailand)'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.
Frasers Property (Thailand) has a total score of 4/6, 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.

Past Performance

  How has Frasers Property (Thailand) 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 Frasers Property (Thailand)'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.
  • Frasers Property (Thailand)'s year on year earnings growth rate has been positive over the past 5 years.
  • Frasers Property (Thailand)'s 1-year earnings growth exceeds its 5-year average (100.7% vs 12%)
  • Frasers Property (Thailand)'s earnings growth has exceeded the DE Real Estate industry average in the past year (100.7% vs 6.7%).
Earnings and Revenue History
Frasers Property (Thailand)'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 Frasers Property (Thailand) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:6TI 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 19,292.52 1,791.27 3,570.87
2019-06-30 7,595.86 1,349.63 906.22
2019-03-31 6,633.95 1,138.80 830.09
2018-12-31 7,224.02 1,320.61 806.10
2018-09-30 13,887.92 892.44 2,475.70
2018-06-30 2,951.82 661.74 678.09
2018-03-31 2,848.93 642.53 626.57
2017-12-31 2,224.34 480.01 499.66
2017-09-30 2,317.94 252.31 551.62
2017-06-30 2,302.43 167.84 574.56
2017-03-31 2,197.04 114.08 534.60
2016-12-31 2,013.87 275.03 522.90
2016-09-30 4,930.19 1,060.21 467.82
2016-06-30 4,919.98 1,045.62 442.32
2016-03-31 4,978.36 1,025.46 459.27
2015-12-31 4,969.27 769.74 472.29
2015-09-30 5,779.93 572.98 549.37
2015-06-30 5,691.69 583.05 547.74
2015-03-31 5,646.06 618.09 525.28
2014-12-31 6,112.52 761.74 513.71
2014-09-30 6,673.90 1,073.11 596.13
2014-06-30 6,750.60 1,142.71 572.77
2014-03-31 6,824.86 1,303.12 567.87
2013-12-31 6,449.78 1,414.23 541.21
2013-09-30 5,499.71 1,408.36 391.21
2013-06-30 5,435.32 1,398.45 372.42
2013-03-31 5,342.86 1,310.93 340.93
2012-12-31 5,917.17 1,296.57 315.74

*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.
  • Frasers Property (Thailand) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Frasers Property (Thailand) used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Frasers Property (Thailand)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Frasers Property (Thailand)'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.
Frasers Property (Thailand) has a total score of 3/6, 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.

Health

 How is Frasers Property (Thailand)'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 Frasers Property (Thailand)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frasers Property (Thailand) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Frasers Property (Thailand)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Frasers Property (Thailand)'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 not covered by short term assets, assets are 0.7x 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 Frasers Property (Thailand) Company Filings, last reported 1 month ago.

BST:6TI Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 27,870.45 50,027.74 4,495.09
2019-06-30 25,938.92 28,431.48 17,702.31
2019-03-31 25,664.59 18,857.12 6,197.51
2018-12-31 25,571.95 14,520.50 6,602.42
2018-09-30 41,396.63 27,114.89 6,951.41
2018-06-30 25,062.40 16,330.50 3,014.53
2018-03-31 24,978.66 17,530.50 4,365.84
2017-12-31 24,934.24 13,320.00 1,518.17
2017-09-30 24,703.83 13,320.00 688.45
2017-06-30 24,616.61 16,240.00 99.29
2017-03-31 24,727.48 16,339.91 126.46
2016-12-31 11,417.67 22,242.40 284.27
2016-09-30 11,410.14 21,924.45 176.22
2016-06-30 11,389.78 22,152.47 634.25
2016-03-31 11,951.46 21,375.26 798.62
2015-12-31 11,689.50 21,998.65 1,133.89
2015-09-30 10,880.89 23,283.45 74.68
2015-06-30 10,879.75 20,644.64 133.91
2015-03-31 11,463.08 18,715.76 319.62
2014-12-31 11,465.62 17,225.76 326.76
2014-09-30 10,323.03 19,101.80 283.65
2014-06-30 10,305.07 16,639.23 293.06
2014-03-31 8,838.25 16,642.90 310.76
2013-12-31 8,687.76 15,679.17 349.46
2013-09-30 7,768.80 17,031.68 289.79
2013-06-30 7,679.13 15,069.86 435.22
2013-03-31 8,408.83 13,068.66 569.17
2012-12-31 7,896.73 10,599.74 362.66
  • Frasers Property (Thailand)'s level of debt (179.5%) 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 (184.6% vs 179.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Frasers Property (Thailand)'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. Frasers Property (Thailand) has a total score of 3/6, 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.

Dividends

 What is Frasers Property (Thailand)'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
2.97%
Current annual income from Frasers Property (Thailand) dividends. Estimated to be 3.06% next year.
If you bought €2,000 of Frasers Property (Thailand) shares you are expected to receive €59 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?
  • Frasers Property (Thailand)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Frasers Property (Thailand)'s dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase Frasers Property (Thailand) before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:6TI 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 2 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 334 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:6TI Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.60 1.00
2020-12-31 0.50 1.00
2020-09-30 0.50 1.00
2019-12-31 0.30 1.00
2019-11-18
BST:6TI Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-11-14 0.460 2.962
2018-11-20 0.270 1.610
2018-02-19 0.100 0.595
2017-02-24 0.080 0.518
2016-04-04 0.500 3.297
2015-02-27 0.500 3.914
2014-02-26 1.000 5.639
2013-03-01 1.000 5.391
2012-04-23 0.400 2.903
2011-11-02 0.400 3.359
2011-08-10 0.400 3.353
2011-02-23 1.000 7.486
2010-02-24 0.800 6.912
2009-03-04 0.800 10.633

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Frasers Property (Thailand)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Frasers Property (Thailand)'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 Frasers Property (Thailand) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frasers Property (Thailand) has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Frasers Property (Thailand)'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
Sopon Racharaksa
AGE 47
TENURE AS CEO 1.7 years
CEO Bio

Mr. Sopon Racharaksa has been the President of TICON Industrial Connection Public Company Limited since January 16, 2017 and its Acting CEO since March 31, 2018. Mr. Racharaksa is Director of TICON Management Company Limited since January 27, 2017. He has been Director at JustCo (Thailand) Co., Ltd. and TICON Technology Co., Ltd. since 2018. He has been Director at TICON International Pte. Ltd., TPARK BFTZ Co., Ltd., Eco Industrial Services Co., Ltd., Shanghai TICON Investment Management Co., Ltd., PT SLP Surya TICON Internusa, Indonesia, TICON (HK) Limited, Hong Kong and TRA Land Development Co., Ltd. Since 2017. He has been Director at TICON Demco Power 11 Co Ltd and TICON Demco Power 6 Co., Ltd. since 2017. He has been Managing Director at TCC Land Development Co., Ltd. since 2015. Mr. Racharaksa holds Master of Economics from Michigan State University, USA, 1995 and Master of Public Administration from National Graduate Institute for Policy Studies, Japan, 2002 and B.A, Economics from Thammasat University, 1992.

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

Average tenure and age of the Frasers Property (Thailand) management team in years:

2.1
Average Tenure
49.5
Average Age
  • The tenure for the Frasers Property (Thailand) management team is about average.
Management Team

Sopon Racharaksa

TITLE
President & Acting CEO
AGE
47
TENURE
1.7 yrs

Lalitphant Phiriyaphant

TITLE
CFO & Corporate Secretary
AGE
53
TENURE
2.8 yrs

Kamonkarn Kongkathong

TITLE
Head of Corporate Strategy & Investment
AGE
37
TENURE
1.1 yrs

Rojana Asawavichienjinda

TITLE
Head of Finance & Accounting
AGE
51
TENURE
2.8 yrs

Siriporn Sombatwatthana

TITLE
Head of Administration
AGE
56

Hataikan Duttadintorn

TITLE
Head of Corporate Communication
AGE
37

Lanchakorn Kongsakul

TITLE
Head of Human Resources
AGE
58
TENURE
2.8 yrs

Somsak Ratanavirakul

TITLE
Head of Sales & Leasing - Factory
AGE
59
TENURE
2.1 yrs

Yuko Hoshi

TITLE
Head of Sales & Leasing-Factory
AGE
48
TENURE
2 yrs

Rungtip Piyayodilokchai

TITLE
Head of Strategic Finance
AGE
48
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Frasers Property (Thailand) board of directors in years:

2.8
Average Tenure
56
Average Age
  • The average tenure for the Frasers Property (Thailand) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chainoi Puankosoom

TITLE
Independent Chairman of the Board
COMPENSATION
฿2M
AGE
68
TENURE
2.8 yrs

Chatchaval Jiaravanon

TITLE
Independent Director
COMPENSATION
฿1M
AGE
57
TENURE
15.6 yrs

Panote Sirivadhanabhakdi

TITLE
Director
AGE
42
TENURE
2.8 yrs

Chotiphat Bijananda

TITLE
Director
COMPENSATION
฿1M
AGE
55
TENURE
2.8 yrs

Tithiphan Chuerboonchai

TITLE
Independent Director
COMPENSATION
฿1M
AGE
66
TENURE
2.6 yrs

Chali Sophonpanich

TITLE
Director
COMPENSATION
฿1M
AGE
58
TENURE
14.7 yrs

Chai Vinichbutr

TITLE
Director
COMPENSATION
฿1M
AGE
45
TENURE
7 yrs

Uten Lohachitpitaks

TITLE
Director
COMPENSATION
฿1M
AGE
45
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 Frasers Property (Thailand)'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. Frasers Property (Thailand) 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.

News

Simply Wall St News

Company Info

Description

Frasers Property (Thailand) Public Company Limited develops and manages industrial properties in Thailand and Indonesia. The company manages 2.7 million square meters of factories and warehouses. It also engages in data center, smart solutions, and township development activities, as well as operates as a sponsor and manager of the industrial REIT in Thailand. The company was formerly known as TICON Industrial Connection Public Company Limited and changed its name to Frasers Property (Thailand) Public Company Limited in January 2019. Frasers Property (Thailand) Public Company Limited was founded in 1990 and is based in Bangkok, Thailand.

Details
Name: Frasers Property (Thailand) Public Company Limited
6TI
Exchange: BST
Founded: 1990
฿933,550,900
2,016,762,975
Website: http://www.frasersproperty.co.th
Address: Frasers Property (Thailand) Public Company Limited
Sathorn City Tower,
13/1th Floor,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET FPT Ordinary Shares The Stock Exchange of Thailand TH THB 13. Jun 2002
SET FPT-R THB1(NVDR) The Stock Exchange of Thailand TH THB 13. Jun 2002
THAMSE FPT-F THB1(ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 13. Jun 2002
BST 6TI THB1(ALIEN MARKET) Boerse-Stuttgart DE EUR 13. Jun 2002
Number of employees
Current staff
Staff numbers
0
Frasers Property (Thailand) employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:33
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.