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Dusit Thani Public Company Limited

Dusit Thani Public Company Limited

DUSIT.BK
Dusit Thani Public Company LimitedTH flagStock Exchange of Thailand
11.50
THB
-0.10
- -
9.72BMarket Cap
Dusit Thani Public Company Limited
DUSIT.BK
(Stock Exchange of Thailand)

Recent

price

11.50

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
3.31
4.13
5.04
5.93
5.53
5.79
5.88
5.59
5.48
4.96
2.69
2.6
4.84
6.36
11.96
9.29
10.22
Revenue per Share
0.13
0.04
0.19
0.19
-0.02
0.24
0.14
0.32
0.34
0.38
-1.2
-1.12
-0.59
-0.67
-0.28
-0.54
-0.3
Basic EPS, GAAP
0.17
-1.93
-0.26
0.37
0.38
0.18
0.8
-1.28
0.27
-1.85
-2.29
-0.82
0.96
-0.63
-1.18
-1.31
-0.47
Free Cash Flow per Basic Share
0.05
0.09
0.06
0.1
0.11
0.11
0.12
0.1
0.19
0.57
0.29
0.01
0.03
0.04
0.02
0.03
0.03
Dividend per Share
2.39
2.51
2.62
2.77
2.59
2.65
2.59
2.77
2.98
3.25
2.61
1.53
0.78
0.01
-0.48
-1.16
-0.94
Book Value per Share
4.8
5.48
5.49
6.15
6.08
6.32
6.26
6.88
6.46
5.57
4.1
2.83
3.79
3.03
8.39
7.89
8.18
Tangible Book Value per Share
845
845
845
845
845
845
845
845
845
845
845
845
845
845
845
845
845
Basic Weighted Avg Shares
2,797
3,492
4,257
5,013
4,675
4,895
4,974
4,723
4,633
4,193
2,272
2,194
4,093
5,377
10,109
7,851
8,640
Sales/Revenue/Turnover
-16.53
-3.97
-2.46
3.07
-0.39
4.88
2.76
1.49
0.28
-9.8
-51.98
-56.65
-11.15
-3.71
5.37
5.16
7.35
Operating Margin (%)
596
389
493
606
662
689
808
629
499
461
853
940
934
901
964
1,078
1,083
Depreciation Expense
108
31
157
164
-21
199
114
267
290
320
-1,011
-945
-501
-570
-237
-453
-252
Net Income, GAAP
34.76
84.05
9.09
10.97
62.61
13.47
- -
19.18
19.66
23.81
- -
- -
- -
- -
246.4
- -
70,184.59
Effective Tax Rate (%)
3.86
0.89
3.68
3.27
-0.44
4.07
2.29
5.65
6.26
7.64
-44.5
-43.06
-12.25
-10.6
-2.34
-5.77
-2.91
Profit Margin (%)
16
-526
-449
-362
-370
-96
219
504
682
1,539
-2,802
-1,968
-2,515
-1,283
5,729
-474
-554
Working Capital
120
1,017
1,226
1,092
904
1,180
1,054
920
1,598
2,600
9,851
11,402
9,436
11,938
16,253
13,703
13,294
LT Debt
4,105
4,676
4,684
5,268
5,212
5,404
5,354
5,881
6,078
5,904
4,942
3,895
5,045
4,313
8,788
8,262
8,489
Total Equity
-6.27
-0.4
-1.44
1.97
-0.1
2.86
- -
0.78
0.13
-3.36
- -
- -
- -
- -
-3.49
- -
-1,636.57
Return on Invested Capital (%)
3.63
1.59
6.79
3.91
-0.62
3.82
- -
5.13
5.25
1.78
- -
- -
- -
- -
-6.86
- -
-2,578.33
Return on Capital (%)
5.18
1.5
7.23
7.18
-0.91
8.98
5.15
11.78
11.93
12.17
-40.82
-53.98
-51.4
-170.63
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,263
5,311
5,379
LT Borrowings
6,051
5,665
5,250
LT Finance Leases
8,121
8,038
8,045
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
845
845
845
Market Capitalization
10,482
9,214
8,622

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,472
12,354
12,567
Cash, Cash Equivalents & STI
1,610
2,084
1,919
Accounts Receivable, Net
438
602
539
Inventories
124
8,429
8,868
Total Current Liabilities
6,938
12,828
13,121
Payables & Accruals
1,930
2,126
2,147
ST Debt
4,263
5,311
5,379
Deferred Revenue
30
4,784
5,022

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.47%
18.32%
-5.99%
Free Cash Flow
-114.66%
-69.6%
10.61%
Net Income, GAAP
-31.23%
-1.37%
91.46%
Sales/Revenue/Turnover
11.95%
36.03%
-22.33%
Total Cash Common Dividend
30.78%
15.16%
17.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,810
1,372
1,260
5,667
10,109
2025
2,111
1,473
1,514
2,753
7,851
2026
2,900
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
-0.15
-0.64
- -
-0.28
2025
0.06
-0.34
-0.45
- -
-0.54
2026
0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
0.01
- -
0.02
2025
- -
0.03
- -
- -
0.03
2026
- -
- -
- -
- -
- -
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Business
Dusit Thani Public Company Limited (DUSIT.BK) is a Thailand-based hospitality group that owns, operates, and manages hotels, resorts, and luxury villas; provides hospitality education through culinary schools and colleges; engages in food production and distribution including healthy food restaurants, bakery, and franchise operations; develops real estate projects such as branded condominiums and mixed-use developments; and offers hospitality-related services including REIT management, property leasing, and on-demand services. The company operates under brands including Devarana Dusit Retreats (wellness luxury retreats), Dusit Thani (upmarket full-service hotels), Dusit Suites (luxurious suites for families and extended stays), Dusit Collection (bespoke luxury properties with unique stories), dusitD2 (contemporary upscale hotels), Dusit Princess (mid-market practical hotels), ASAI Hotels (lean luxury lifestyle hotels for millennials), and Elite Havens (high-end luxury villa rentals); its portfolio spans more than 300 properties with 12,909 keys across 18 countries in Asia, the Middle East, Africa, and beyond, targeting leisure, business, and wellness travelers. Founded in 1948 and headquartered at 319 Chamchuri Square Building in Bangkok, Thailand, Dusit Thani employs approximately 3,757 people and maintains a presence primarily in Southeast Asia with international expansion. In recent developments, the company reopened its flagship Dusit Thani Bangkok hotel on September 27, 2024, as part of the landmark Dusit Central Park mixed-use development, which includes ultra-luxury residences (Dusit Residences and Dusit Parkside), an office tower, shopping mall, and roof park, driving over 100% growth in real estate development revenue through progressive unit transfers. Dusit entered the final stage of its multi-year strategy in 2023-2025 focused on unlocking value, with projected 20-25% growth in hotels, 10-15% in foods (preparing for a potential Stock Exchange of Thailand listing), 10-12% in education, supported by expansion from 27 hotels in 8 countries to nearly 300 properties; it launched new brands Dusit Collection and Devarana Dusit Retreats, signed 14 new properties in 2025 with over 60 in the pipeline, formed a strategic partnership with Generator and Freehand Hotels for global expansion across its brand lineup, and announced a joint venture with SYDEL for hotel development in France. Additionally, a CEO transition occurred in 2025 with Chanin Donavanik taking the helm amid expectations of a THB 16 billion property windfall, while Dusit Thani Bangkok earned recognition among the world's top 100 hotels.