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Quality Houses Public Company Limited

Quality Houses Public Company Limited

QH-R.BK
Quality Houses Public Company LimitedTH flagStock Exchange of Thailand
1.37
THB
-0.01
- -
14.67BMarket Cap
Quality Houses Public Company Limited
QH-R.BK
(Stock Exchange of Thailand)

Recent

price

1.37

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
1.34
0.92
1.22
1.84
1.98
1.9
1.79
1.6
1.48
1
0.85
0.76
0.86
0.84
0.79
0.71
0.74
Revenue per Share
0.2
0.08
0.23
0.31
0.31
0.29
0.29
0.32
0.35
0.27
0.2
0.16
0.22
0.23
0.2
0.16
0.17
Basic EPS, GAAP
-0.1
-0.54
-0.17
0.3
-0.26
0.08
0.29
0.39
0.22
0.19
0.48
0.28
0.24
0.1
0.06
0.34
0.39
Free Cash Flow per Basic Share
0.1
0.09
0.01
0.16
0.14
0.07
0.16
0.15
0.21
0.21
0.17
0.11
0.11
0.15
0.13
0.1
0.1
Dividend per Share
1.31
1.17
1.38
1.52
1.68
1.9
2.02
2.18
2.32
2.38
2.4
2.44
2.55
2.62
2.67
2.71
2.76
Book Value per Share
1.21
1.11
1.39
1.53
1.72
1.95
2.09
2.27
2.42
2.48
2.48
2.52
2.6
2.65
2.74
2.82
2.85
Tangible Book Value per Share
9,890
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
10,714
Basic Weighted Avg Shares
13,241
9,849
13,077
19,699
21,220
20,358
19,125
17,106
15,888
10,680
9,138
8,120
9,226
8,968
8,439
7,569
7,878
Sales/Revenue/Turnover
14.65
6.16
11.2
15.59
14.76
13.33
11.76
8.94
16.78
14.94
13.81
10.27
14.67
13.42
10.04
3.57
5.17
Operating Margin (%)
284
244
221
176
179
191
190
183
181
231
390
375
362
321
292
317
314
Depreciation Expense
2,003
853
2,450
3,307
3,329
3,106
3,085
3,462
3,798
2,854
2,123
1,670
2,396
2,503
2,150
1,728
1,789
Net Income, GAAP
23.37
17.61
22.8
16.13
15.88
14.46
12.49
9
12.45
9.34
11.79
11.66
10.74
8.08
8.19
7.03
8.67
Effective Tax Rate (%)
15.12
8.66
18.74
16.79
15.69
15.26
16.13
20.24
23.9
26.72
23.24
20.56
25.96
27.91
25.48
22.83
22.71
Profit Margin (%)
7,261
6,907
14,310
17,421
17,585
20,357
21,266
17,737
15,643
16,646
16,565
12,042
15,492
13,072
15,185
17,143
14,536
Working Capital
11,490
12,723
15,012
16,012
18,600
17,987
17,989
15,190
12,590
12,088
11,316
6,917
9,241
5,269
7,228
7,306
4,773
LT Debt
13,373
13,410
15,795
17,277
19,149
21,545
22,940
24,802
26,286
26,863
26,568
26,985
27,833
28,373
29,305
30,239
30,488
Total Equity
5.5
1.56
3.03
6.73
6.39
4.99
4.05
2.87
4.76
2.98
2.41
1.68
2.89
2.75
1.9
0.62
0.91
Return on Invested Capital (%)
8.37
3.54
7.42
9.48
8.87
7.5
7.17
8.06
8.68
6.78
5.46
4.53
6.38
6.81
5.84
4.81
4.86
Return on Capital (%)
16.03
6.68
17.9
21.25
19.38
16.18
14.71
15.41
15.75
11.33
8.3
6.45
8.96
9.04
7.59
5.99
6.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,990
1,723
4,475
LT Borrowings
6,260
6,294
3,819
LT Finance Leases
1,069
1,012
954
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,714
10,713
10,710
Market Capitalization
14,572
14,250
14,785

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
21,482
20,724
20,850
Cash, Cash Equivalents & STI
2,510
1,477
2,335
Accounts Receivable, Net
34
54
58
Inventories
18,714
19,022
18,265
Total Current Liabilities
5,874
3,581
6,315
Payables & Accruals
348
383
330
ST Debt
3,990
1,723
4,475
Deferred Revenue
178
123
118

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.48%
2.62%
3.19%
Free Cash Flow
72.14%
67.1%
493.62%
Net Income, GAAP
-3.64%
-1.43%
-19.64%
Sales/Revenue/Turnover
-8.75%
-3.31%
-10.31%
Total Cash Common Dividend
- -
- -
-23.07%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,735
2,372
2,348
1,984
8,439
2025
1,365
1,713
2,300
2,191
7,569
2026
1,674
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.06
0.05
- -
0.2
2025
0.04
0.03
0.04
- -
0.16
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.1
0.03
- -
0.13
2025
- -
0.08
0.02
- -
0.1
2026
- -
- -
- -
- -
- -
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Business
Quality Houses Public Company Limited (QH-R.BK) is a Thailand-based real estate developer primarily engaged in property development and investment. The company offers residential condominium projects under brands such as The Base, Park Origin, and XT Ekkamai; low-rise housing estates including townhomes and detached houses; commercial properties like retail spaces and office buildings; and hotel and serviced apartment management services. It operates predominantly in the Bangkok Metropolitan Region and select provincial areas in Thailand, with a focus on middle-income and upper-middle-income customers seeking urban living solutions. Founded in 1985 and headquartered in Bangkok, Thailand, Quality Houses maintains a diversified portfolio across residential, commercial, and hospitality segments, including subsidiaries like Quality Houses Hotel and Property Management Co., Ltd. for asset management. The company emphasizes sustainable development practices and integrated lifestyle communities in its offerings. In recent developments, Quality Houses completed the acquisition of additional land parcels in greater Bangkok for new condominium launches in 2024, bolstering its project pipeline amid recovering property demand. It formed a strategic partnership with a leading financial institution in late 2024 to finance affordable housing initiatives targeting first-time buyers. Additionally, the company reorganized its commercial division in early 2025 to expand retail space developments, aligning with post-pandemic consumer trends.