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    Real Estate - Development
Property Perfect Public Company Limited

Property Perfect Public Company Limited

PF-R.BK
Property Perfect Public Company LimitedTH flagStock Exchange of Thailand
0.04
THB
-0.01
- -
400.44MMarket Cap
Property Perfect Public Company Limited
PF-R.BK
(Stock Exchange of Thailand)

Recent

price

0.04

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
1.58
1.48
1.53
1.67
1.84
1.79
1.71
1.64
1.9
2.03
1.23
0.96
1.04
1.08
0.88
0.47
0.39
Revenue per Share
0.1
0.09
0.04
0.01
0.06
0.05
0.05
0.04
0.05
0.11
-0.1
0.05
- -
-0.02
-0.1
-0.28
-0.29
Basic EPS, GAAP
-0.04
-0.04
-0.01
-0.23
-0.08
-0.2
-0.37
0.26
-0.15
0.25
0.09
0.13
0.08
0.05
0.07
0.05
0.01
Free Cash Flow per Basic Share
0.04
0.05
0.03
0.03
- -
0.04
0.03
0.04
0.05
0.07
0.01
0.02
0.01
0.02
0.01
- -
- -
Dividend per Share
1.32
1.37
1.42
1.28
1.31
1.61
1.25
1.23
1.21
1.26
1.13
1.15
1.14
1.09
1.04
0.77
0.69
Book Value per Share
1.28
1.38
1.37
1.11
1.13
1.7
1.35
1.35
1.4
1.42
1.38
1.35
1.59
1.45
1.26
0.9
0.8
Tangible Book Value per Share
5,459
5,459
5,957
6,611
6,775
6,722
8,860
9,861
10,011
10,011
10,011
10,011
10,011
10,011
10,100
10,047
10,500
Basic Weighted Avg Shares
8,616
8,081
9,094
11,011
12,445
12,049
15,109
16,183
18,998
20,306
12,344
9,610
10,362
10,824
8,917
4,754
4,126
Sales/Revenue/Turnover
12.31
11.74
8.17
4.86
6.97
0.5
7.04
6.16
7.38
8.51
-4.92
-8.55
-1.68
4.61
-0.51
-18.23
-23.25
Operating Margin (%)
63
65
90
151
146
435
747
771
800
780
1,005
885
643
575
521
459
460
Depreciation Expense
550
488
258
83
399
361
400
443
549
1,138
-1,046
527
25
-196
-1,010
-2,813
-3,058
Net Income, GAAP
21.99
24.99
35.77
58.15
38.71
4.52
46.2
31.72
32.19
24.07
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
6.39
6.04
2.84
0.75
3.21
2.99
2.64
2.74
2.89
5.6
-8.47
5.48
0.24
-1.81
-11.33
-59.18
-74.13
Profit Margin (%)
8,214
6,342
7,334
9,995
7,710
13,750
15,601
18,989
21,075
18,506
11,445
12,396
11,524
5,942
4,207
1,037
-1,961
Working Capital
8,212
5,979
10,028
12,834
8,156
16,679
20,391
20,725
26,775
26,069
21,247
21,817
22,481
18,129
13,519
15,198
12,649
LT Debt
7,174
7,691
8,631
8,632
8,972
13,664
14,042
15,255
15,728
15,942
13,954
13,575
15,937
14,537
12,719
9,031
8,446
Total Equity
5.86
3.88
2.14
0.87
1.91
0.17
1.39
1.57
2.02
2.57
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
6.47
4.38
2.95
1.64
2.79
3.2
2.28
2.09
2.19
4.19
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
7.84
6.64
3.23
0.98
4.61
3.67
3.65
3.82
4.52
9.19
-8.75
4.61
0.22
-1.76
-9.42
-30.87
-35.13
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
17,957
9,905
12,614
LT Borrowings
6,210
14,203
11,679
LT Finance Leases
1,012
995
970
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,011
10,011
10,011
Market Capitalization
709
607
525

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
20,011
16,905
16,977
Cash, Cash Equivalents & STI
842
847
933
Accounts Receivable, Net
123
186
192
Inventories
17,819
14,760
14,695
Total Current Liabilities
23,552
15,868
18,937
Payables & Accruals
3,876
4,356
4,655
ST Debt
17,957
9,905
12,614
Deferred Revenue
667
732
722

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.22%
-7.12%
-29%
Free Cash Flow
-53.23%
-4.09%
-34.42%
Net Income, GAAP
-58.64%
-109.48%
178.56%
Sales/Revenue/Turnover
-5.66%
-14.83%
-46.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,413
2,413
1,921
2,169
8,917
2025
1,647
945
1,027
1,135
4,754
2026
1,019
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.02
-0.04
- -
-0.1
2025
-0.03
-0.06
-0.05
- -
-0.28
2026
-0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Property Perfect Public Company Limited Property Perfect Public Company Limited (PF-R.BK) engages primarily in property development for sale, focusing on single detached houses, townhouses, duplex houses, and low-rise condominiums in Greater Bangkok and peripheral provinces including Chiang Mai; through subsidiaries and joint ventures such as Estate Perfect Company Limited, Bright Development Bangkok Company Limited, Residence Number Nine Company Limited, and Chiangmai Development Company Limited, it develops 28 projects with Bt17,796 million in outstanding value as of December 2024, alongside rental properties, hotels, shopping malls, office buildings, commercial areas, and overseas developments; additional operations encompass construction services via U & I Construction Bangkok Company Limited, prefab manufacturing and installation through Perfect Prefab Company Limited, retail via We Retail Public Company Limited (formerly Daidomon Group), hotel management under Grande Asset Hotels and Property Public Company Limited including The Westin Grande Sukhumvit, Royal Orchid Sheraton, and Sheraton Hua Hin properties, fitness clubs through Perfect Sport Club Company Limited, utilities investments, medical rubber gloves distribution, agricultural products, and solar energy via Australian subsidiaries Keystone Solar Technologies Pty Ltd. and Banksia Solar Project Pty Ltd. The company, founded in 1985 and headquartered in Bangkok, Thailand, maintains majority stakes in key subsidiaries like Thai Property Plc. (94.60%) for rental assets and Property Perfect International Pte. Ltd. (100%) for Japan and Singapore ventures, with geographic reach extending to Thailand, Japan (Kiroro Resort Holdings), Singapore, and Australia; it targets diverse customers from new families to investors via projects valued Bt1.9-6.0 million and luxury hotels with over 2,000 rooms. Recent developments include the October 2024 establishment of Keystone Solar Technologies Pty Ltd. in Australia, which acquired Banksia Solar Project Pty Ltd. for solar electricity production and distribution; ongoing divestitures such as the 2021 sale of Kiroro Resort's ski and hotel business for 15 billion yen; capital adjustments in 2022 raising registered capital to Bt10,011,313,269 via dividend shares; multiple joint ventures since 2018 with Hongkong Land, Sekisui Chemical, and Sumitomo Forestry for high-end projects like those at Chaengwattana, Suvarnabhumi, and Charoennakorn; full ownership consolidation in Perfect Prefab in 2019; and 2025 debentureholders' meeting resolutions alongside management changes like a new company secretary in November.