1. Thailand Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Lodging
Grande Asset Hotels and Property Public Company Limited

Grande Asset Hotels and Property Public Company Limited

GRAND.BK
Grande Asset Hotels and Property Public Company LimitedTH flagStock Exchange of Thailand
0.02
THB
- -
- -
186.82MMarket Cap
Grande Asset Hotels and Property Public Company Limited
GRAND.BK
(Stock Exchange of Thailand)

Recent

price

0.02

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
0.29
0.26
0.16
0.2
0.81
0.23
0.23
0.37
0.48
0.41
0.14
0.07
0.19
0.28
0.28
0.22
0.22
Revenue per Share
0.27
0.12
-0.06
- -
0.1
-0.02
- -
0.12
0.04
-0.04
-0.14
-0.24
-0.11
-0.08
-0.07
-0.17
-0.18
Basic EPS, GAAP
-0.05
-0.03
- -
-0.16
0.23
- -
-0.17
-0.02
-0.04
-0.08
-0.14
-0.13
-0.04
- -
-0.12
-0.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.05
0.55
0.29
0.28
0.5
0.48
0.46
0.57
0.65
0.56
0.42
0.18
0.16
0.07
0.16
-0.01
-0.03
Book Value per Share
0.3
0.75
0.41
0.33
0.44
0.48
0.41
0.53
0.66
0.53
0.42
0.6
0.43
0.33
0.25
0.07
0.05
Tangible Book Value per Share
2,742
3,306
5,914
6,037
6,030
6,030
6,271
6,271
6,890
7,257
7,232
7,232
8,895
9,341
9,351
9,354
9,361
Basic Weighted Avg Shares
791
852
957
1,226
4,886
1,361
1,417
2,300
3,338
2,973
1,000
515
1,726
2,621
2,637
2,055
2,057
Sales/Revenue/Turnover
-25.36
-20.26
-25.25
-7.09
19.73
-4.56
7.72
11.46
6.85
2.15
-81.42
-179.32
-23.33
-1.3
-2.01
-29.7
-33.88
Operating Margin (%)
189
202
188
176
204
232
235
233
271
366
507
511
421
398
364
290
289
Depreciation Expense
734
407
-378
-14
602
-120
6
723
283
-304
-1,038
-1,728
-946
-753
-673
-1,543
-1,669
Net Income, GAAP
- -
0.49
- -
- -
24.41
- -
82.13
11.29
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
92.81
47.79
-39.5
-1.12
12.32
-8.85
0.42
31.43
8.48
-10.21
-103.83
-335.82
-54.82
-28.73
-25.54
-75.12
-81.11
Profit Margin (%)
-1,590
105
-1,686
1,084
312
-25
847
1,748
1,156
556
-1,156
-1,486
-433
-2,927
-1,211
-4,889
-5,106
Working Capital
2,485
2,452
719
2,783
993
898
2,825
2,965
5,422
6,550
5,633
7,870
9,195
7,710
5,642
2,979
2,906
LT Debt
862
2,537
2,444
2,430
3,032
2,896
2,902
3,623
4,562
4,160
3,111
4,381
3,918
3,181
2,316
707
469
Total Equity
-4.3
-3.71
- -
- -
13.4
- -
0.36
3.33
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
28.18
16.77
- -
- -
14.43
- -
0.37
11.46
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
41.46
-21.31
-0.8
25.52
-4.1
0.2
22.31
7.05
-7.13
-29.23
-79.51
-69.39
-71.2
-61.55
- -
-284.8
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8,615
5,815
5,921
LT Borrowings
133
2,905
2,818
LT Finance Leases
86
74
89
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,341
9,341
9,341
Market Capitalization
474
284
281

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,534
2,808
2,750
Cash, Cash Equivalents & STI
231
222
255
Accounts Receivable, Net
63
93
90
Inventories
1,361
1,165
1,163
Total Current Liabilities
10,451
7,698
7,856
Payables & Accruals
1,267
1,280
1,329
ST Debt
8,615
5,815
5,921
Deferred Revenue
139
127
103

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.83%
-17.04%
-69.46%
Free Cash Flow
1,362.59%
705.03%
-90.42%
Net Income, GAAP
1,215.36%
23.9%
129.25%
Sales/Revenue/Turnover
25.14%
43.44%
-22.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
759
599
603
675
2,637
2025
633
414
414
594
2,055
2026
636
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
-0.03
-0.01
- -
-0.07
2025
-0.01
-0.03
-0.04
- -
-0.17
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Grande Asset Hotels and Property Public Company Limited Grande Asset Hotels and Property Public Company Limited (GRAND.BK) engages primarily in hotel operations, property development, and rental businesses in Thailand. The company operates through three main segments: hotel business, which includes ownership and management of luxury and five-star hotels such as Sheraton Hua Hin Resort & Spa, Sheraton Hua Hin Pranburi Villas, and other beachfront and urban properties managed by international brands like Marriott International and Hyatt International; property development business, featuring high-end condominiums like Trendy Condominium, Hyde Sukhumvit, and Hua Hin Blue Lagoon Resort targeted at medium- to high-income local and foreign buyers in prime locations near mass transit and tourist attractions; and rental business, encompassing shopping plazas and investment properties. Grande Asset Hotels and Property focuses on upper-scale hospitality and real estate for high-purchasing-power tourists, business travelers, and residents, with operations concentrated in key Thai destinations including Bangkok, Cha-am, Petchaburi, Pranburi, and Hua Hin. Founded in 1988 and headquartered in Bangkok at Exchange Tower Building, the company, formerly known as Grande Asset Development Public Company Limited until its name change in February 2008, employs approximately 739 people and maintains subsidiaries for integrated operations. Recent developments include the sale of the Hyatt Regency Bangkok Sukhumvit property in November 2024 as part of ongoing portfolio optimization, alongside steady revenue from hotel operations, real estate sales, and rentals as reflected in its 2025 interim financials showing total revenues of 1.05 billion baht for the first half.