Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Singha Estate Public Company Limited, operating alongside its subsidiaries, is a real estate firm specializing in property development and investment, catering to both sales and rental markets with operations spanning Thailand and international regions. Its residential development comprises a diverse array of properties, including single-family homes, townhomes, live-work units, and condominium complexes. Commercially, it holds ownership of office towers, retail centers, parking structures, and integrated mixed-use developments. Furthermore, the company delivers comprehensive hospitality services, encompassing hotel ownership and management, alongside construction, project oversight, and holistic property development and management expertise. Established in 1995 as Rasa Property Development Public Company Limited, the firm adopted its current identity, Singha Estate Public Company Limited, in September 2014. Its corporate headquarters are situated in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, undervalued on P/FC.