1. Thailand Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
Land and Houses Public Company Limited

Land and Houses Public Company Limited

LDHUF
Land and Houses Public Company LimitedUS flagOther OTC
0.02
USD
- -
- -
262.89MMarket Cap
Land and Houses Public Company Limited
LDHUF
(Other OTC)

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
1.4
1.61
2.02
2.1
2.73
2.3
2.56
2.95
2.89
2.54
2.54
2.74
3.02
2.28
2.15
1.81
1.87
Revenue per Share
0.33
0.47
0.47
0.54
0.8
0.69
0.73
0.88
0.88
0.84
0.6
0.58
0.7
0.63
0.46
0.31
0.31
Basic EPS, GAAP
-0.18
-0.28
0.35
-0.26
0.16
0.08
0.47
0.5
0.72
0.1
0.17
0.54
0.43
-0.53
-0.84
0.15
0.29
Free Cash Flow per Basic Share
0.21
0.29
0.44
0.33
0.4
0.66
0.7
0.7
0.75
0.65
0.6
0.55
0.5
0.55
0.45
0.3
0.31
Dividend per Share
1.38
1.45
1.53
1.74
2.48
2.34
2.33
2.49
2.61
2.81
2.8
2.82
3.02
3.06
3.04
3.02
3.22
Book Value per Share
1.96
1.95
2.17
2.37
3.88
3.85
3.75
3.95
3.69
3.97
4.23
4.24
4.37
4.37
4.37
4.4
4.63
Tangible Book Value per Share
12,031
12,031
12,031
12,031
10,465
11,535
11,772
11,933
11,950
11,950
11,950
11,950
11,950
11,950
11,950
11,950
11,425
Basic Weighted Avg Shares
16,896
19,397
24,290
25,302
28,572
26,514
30,158
35,200
34,574
30,407
30,340
32,710
36,083
27,260
25,682
21,572
21,396
Sales/Revenue/Turnover
19.64
17.29
20.5
23.22
22.26
21.22
21.85
20.64
21.39
19.67
18.73
20.25
20.29
14.43
10.72
8.07
7.47
Operating Margin (%)
318
351
494
509
454
382
390
543
616
739
951
1,517
1,667
1,878
2,035
2,022
2,051
Depreciation Expense
3,971
5,609
5,682
6,478
8,423
7,920
8,618
10,463
10,475
10,025
7,145
6,936
8,313
7,482
5,491
3,716
3,574
Net Income, GAAP
23.58
20.2
16.37
14.33
16.36
15.6
14.69
14.49
13.98
14.61
14.58
15.57
15.37
9.55
10.38
6.13
5.49
Effective Tax Rate (%)
23.5
28.92
23.39
25.6
29.48
29.87
28.58
29.72
30.3
32.97
23.55
21.21
23.04
27.45
21.38
17.23
16.7
Profit Margin (%)
20,823
21,525
23,682
27,549
35,819
43,072
33,736
31,470
35,093
37,671
38,264
32,342
30,562
33,522
35,315
34,016
33,612
Working Capital
16,137
17,941
20,163
26,104
25,206
32,510
32,598
32,851
35,793
34,226
44,243
43,975
44,215
47,035
52,027
49,486
49,414
LT Debt
28,551
30,472
32,603
34,843
44,275
46,895
47,952
50,809
50,752
53,183
50,601
50,646
52,285
52,233
52,224
52,630
52,960
Total Equity
5.3
4.95
7.06
7.71
7.11
5.63
6.2
6.45
6.29
4.97
4.46
4.84
5.33
2.98
1.91
1.22
1.12
Return on Invested Capital (%)
11.72
14
13.12
13.21
12.97
11.22
11.86
13.61
13.66
12.84
8.73
7.97
9.21
8.53
6.42
4.78
4.6
Return on Capital (%)
24.87
32.84
31.65
32.96
35.96
29.91
31.64
36.57
34.35
30.92
21.32
20.65
23.8
20.58
15.06
10.26
9.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
32,485
30,004
29,750
LT Borrowings
38,045
40,447
40,565
LT Finance Leases
9,227
9,039
8,849
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11,950
11,950
11,950
Market Capitalization
48,763
47,379
44,553

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
74,617
69,809
69,392
Cash, Cash Equivalents & STI
7,410
6,431
6,169
Accounts Receivable, Net
275
477
388
Inventories
64,315
60,959
60,709
Total Current Liabilities
38,698
35,793
35,780
Payables & Accruals
3,691
3,260
3,368
ST Debt
32,485
30,004
29,750
Deferred Revenue
1,317
1,411
1,579

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.2%
0.8%
0.78%
Free Cash Flow
44.65%
-17.98%
-117.69%
Net Income, GAAP
-5.47%
-10.4%
-32.32%
Sales/Revenue/Turnover
-1.17%
-5.62%
-16%
Total Cash Common Dividend
-6.26%
-11.79%
-33.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,808
6,696
5,915
6,263
25,682
2025
4,827
5,907
5,202
5,635
21,572
2026
4,652
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.09
0.05
- -
0.46
2025
0.07
0.12
0.07
- -
0.31
2026
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.32
- -
- -
0.45
2025
- -
0.18
- -
- -
0.3
2026
- -
- -
- -
- -
- -
Similar Companies
Besqab AB (publ) (BESQ.ST)
AP (Thailand) Public Company Limited (AP.BK)
Times China Holdings Limited (TMPPF)
Modi's Navnirman Limited (MODIS.BO)
Wang On Properties Limited (1243.HK)
Beijing Dalong Weiye Real Estate Development Co.,Ltd (600159.SS)
Business
Land and Houses Public Company Limited engages primarily in property development and rental activities in Thailand and the United States. The company develops and sells single detached houses, duo homes, townhomes, and residential condominiums, including prebuilt houses fully equipped with built-in furniture, electrical appliances, air conditioners, refrigerators, washing machines, and home decorations; it also provides project administration, management, and home repair services. Its rental and service business encompasses shopping malls, hotels, apartments, and office spaces, operated through subsidiaries such as LH Mall & Hotels in Thailand and LHUSA in the United States, with operations spanning Bangkok and its vicinity, major provinces including Chiang Mai, Chiang Rai, Khon Kaen, Nakhon Ratchasima, Udon Thani, Prachuap Khiri Khan, Ayutthaya, Phuket, and Maha Sarakham, as well as select U.S. locations. Founded in 1973 and incorporated as a limited company on August 30, 1983, the company maintains headquarters in Bangkok, Thailand. Recent initiatives include the launch of 17 new projects valued at 43.46 billion baht in 2023, featuring the 15-billion-baht Wanvayla Na Chaophraya condominium with AirPlus2 air filtration systems; introduction of innovations such as Linear Grille ventilation, solar roofs on prebuilt houses and wastewater treatment systems, Green Creation Design for eco-friendly residences, and the YON multipurpose bin for waste sorting and parcel storage; subsidiary LHMH's launch of the 2.3-billion-baht Grande Center Point Surawong Hotel and sale of two Pattaya hotels worth 9.4 billion baht to LHHOTEL in late 2023, generating a 2.5-billion-baht pre-tax profit to be realized through 2032; enlistment in Thailand Post's GreenHub Project in September 2025; and a 2025 business plan targeting 23 billion baht in bookings, 20 billion baht in property transfers, and 9.24 billion baht in rental income, alongside plans for a shopping center sale to a REIT.