Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Major Development Public Company Limited, together with its subsidiaries, engages in the development and sale of properties in Thailand. The company operates through three segments: Property Development, Hotel Business, and Rental and Service Business. It develops and sells land, houses, and residential condominium units. The company is also involved in the hotel business; office building space rental and service; and real estate agency, representative, and advisory business. In addition, it provides organizational development and management consulting services; and accommodates health business. Major Development Public Company Limited was founded in 1999 and is headquartered in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is undervalued on P/FCF.