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Central Pattana Public Company Limited

Central Pattana Public Company Limited

CPN-R.BK
Central Pattana Public Company LimitedTH flagStock Exchange of Thailand
67.50
THB
-0.75
- -
304.05BMarket Cap
Central Pattana Public Company Limited
CPN-R.BK
(Stock Exchange of Thailand)

Recent

price

67.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.42
2.74
3.85
4.49
4.97
5.41
6.16
6.41
7.52
8.18
6.21
5.53
7.93
10.16
11.18
11.15
11.31
Revenue per Share
0.26
0.47
1.42
1.42
1.63
1.76
2.06
3.02
2.5
2.62
2.13
1.59
2.4
3.36
3.73
4.2
4.37
Basic EPS, GAAP
-0.31
1.4
1.91
2.15
4.52
2.88
3.11
5.54
2.93
3.09
1.63
1.64
3.4
4.43
7.87
8.22
8.62
Free Cash Flow per Basic Share
0.29
0.12
0.18
0.47
0.56
0.65
0.7
0.83
1.4
1.12
0.81
0.7
0.6
1.15
1.82
2.12
2.13
Dividend per Share
3.79
4.08
5.32
6.18
7.19
8.29
9.65
11.84
12.76
14.19
13.58
14.47
16.27
18.48
20.34
22.48
23.62
Book Value per Share
1.19
1.37
3.34
5.72
6.67
7.83
9.44
11.74
13.16
12.98
16.88
17.95
19.61
22.06
24.13
25.63
27.42
Tangible Book Value per Share
4,358
4,358
4,358
4,438
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,482
Basic Weighted Avg Shares
10,530
11,951
16,762
19,913
22,308
24,283
27,634
28,785
33,728
36,719
27,862
24,840
35,575
45,613
50,184
50,034
50,703
Sales/Revenue/Turnover
14.31
14.7
27.37
29.76
31.49
31.37
33.24
31.81
33.06
32.12
26.24
18.69
30.71
35.91
37.53
40.6
40.97
Operating Margin (%)
2,356
2,948
3,258
3,684
4,019
4,450
5,123
5,315
5,906
7,117
7,906
8,124
8,550
8,546
9,208
9,204
9,329
Depreciation Expense
1,125
2,058
6,189
6,293
7,307
7,880
9,244
13,568
11,216
11,738
9,557
7,148
10,760
15,062
16,729
18,841
19,585
Net Income, GAAP
38.84
14.59
9.31
15.88
15.65
15.14
15.28
11.6
15.3
16.52
18.26
19.92
18.61
18.51
17.85
18.61
18.12
Effective Tax Rate (%)
10.68
17.22
36.92
31.6
32.76
32.45
33.45
47.13
33.25
31.97
34.3
28.78
30.25
33.02
33.34
37.66
38.63
Profit Margin (%)
-6,388
-12,063
-8,165
-9,959
-7,108
-8,393
-8,347
-1,240
-9,282
-4,697
-6,668
-20,544
-16,790
-28,322
659
-6,957
-8,679
Working Capital
15,433
18,265
18,944
13,788
11,340
17,454
13,197
7,255
19,522
25,164
71,842
95,108
98,523
83,656
103,249
93,150
88,999
LT Debt
18,918
20,448
25,900
36,824
41,748
46,801
53,005
63,880
74,176
80,462
77,123
82,075
89,620
100,582
109,829
119,260
124,192
Total Equity
2.46
3.59
8.51
9.15
10.29
10.12
11.01
11.13
10.55
8.93
4.19
1.95
4.14
6.01
6.69
6.97
7.04
Return on Invested Capital (%)
4.36
7.02
15.1
14.03
15.79
14.88
15.73
21.7
14.05
12.21
8.23
4.68
6.04
8.02
8.85
9.47
9.69
Return on Capital (%)
6.77
12
30.22
24.87
24.47
22.69
22.97
28.14
20.32
19.41
15.34
11.36
15.6
19.32
19.2
19.61
19.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
20,722
23,529
26,978
LT Borrowings
46,382
41,940
37,132
LT Finance Leases
50,740
51,210
51,867
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,488
4,488
4,488
Market Capitalization
251,333
247,967
278,993

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
30,328
31,962
33,998
Cash, Cash Equivalents & STI
7,045
8,806
10,469
Accounts Receivable, Net
636
551
869
Inventories
18,833
17,930
18,453
Total Current Liabilities
35,852
38,918
42,676
Payables & Accruals
12,610
12,215
13,155
ST Debt
20,722
23,529
26,978
Deferred Revenue
2,520
3,175
2,543

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.99%
9.12%
8.59%
Free Cash Flow
21.79%
44.17%
4.37%
Net Income, GAAP
12.18%
17.8%
12.63%
Sales/Revenue/Turnover
9.02%
14.06%
-0.3%
Total Cash Common Dividend
18.56%
27.67%
16.52%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,705
12,876
12,243
13,361
50,184
2025
11,921
11,661
11,915
14,537
50,034
2026
12,590
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
1.01
0.92
- -
3.73
2025
0.94
0.96
1.21
- -
4.2
2026
1.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.8
0.01
- -
1.82
2025
- -
2.12
0.01
- -
2.12
2026
- -
- -
- -
- -
- -
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Business
Central Pattana Public Company Limited (CPN-R.BK) develops and invests in retail-led mixed-use properties in Thailand and select international markets. The company owns and operates 41 premium shopping centers including CentralWorld, CentralPlaza, and CentralFestival brands with over 2.3 million square meters of net leasable area; 16 community malls; 32 food courts; 10 office buildings; 9 hotels; and 33 residential projects encompassing condominiums and housing units for sale. It provides property management consulting, corporate services, utility services for shopping centers, food and beverage sales, education services, play lands, water theme parks, and manages real estate investment trusts such as CPN Retail Growth Leasehold REIT (CPNREIT) and CPN Commercial Growth Leasehold Property Fund (CPNCG); operations span Bangkok, major provincial cities across more than 30 provinces, and one project in Malaysia. Founded in 1980 and headquartered at the Offices at Centralworld, 999/9 Rama I Road, Pathumwan, Bangkok, Thailand, it functions as a business unit under parent Central Group. Recent developments include a 121 billion baht five-year investment plan for 2024-2028 targeting expansion to 50 shopping centers, 25 mixed-use projects, and new launches such as Central Nakhon Sawan, Central Nakhon Pathom, Central Krabi in 2025, Central Northville, Central Khonkaen Campus, Central Chiangmai Airport, and Central Phuket; a 120 billion baht commitment to create a new central business district in Bangkok; and strong Q2/2025 performance with net profit growth driven by shopping center operations.