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    Real Estate - Development
Singha Estate Public Company Limited

Singha Estate Public Company Limited

S-R.BK
Singha Estate Public Company LimitedTH flagStock Exchange of Thailand
0.49
THB
- -
- -
3.36BMarket Cap
Singha Estate Public Company Limited
S-R.BK
(Stock Exchange of Thailand)

Recent

price

0.49

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
0.75
2.24
1.14
0.09
0.07
0.4
0.53
0.88
1.1
1.79
0.96
1.13
1.82
2.16
2.3
2.04
1.97
Revenue per Share
- -
0.32
0.08
0.01
0.07
-0.05
0.03
0.09
0.19
0.17
-0.38
-0.02
0.07
0.03
0.01
-0.2
-0.19
Basic EPS, GAAP
-0.84
0.18
0.49
-0.04
-0.5
-0.21
-0.34
0.03
-1.11
-0.78
-0.26
0.01
-0.06
-0.44
0.07
0.18
0.22
Free Cash Flow per Basic Share
0.04
0.04
0.02
0.03
- -
0.01
- -
- -
- -
0.04
0.04
- -
- -
0.02
0.02
0.01
- -
Dividend per Share
0.91
1.17
1.21
1.6
1.28
1.37
1.35
1.39
1.53
1.65
1.21
1.19
1.54
1.61
1.67
1.39
1.36
Book Value per Share
0.95
1.24
1.3
1.6
1.31
1.97
2.3
2.63
2.31
3.43
3.22
2.91
2.99
3.06
3.13
2.63
2.66
Tangible Book Value per Share
550
550
550
2,990
5,136
5,361
6,119
6,637
6,854
6,854
6,854
6,854
6,899
6,795
6,553
6,864
7,041
Basic Weighted Avg Shares
411
1,233
627
261
370
2,149
3,233
5,858
7,539
12,275
6,563
7,739
12,530
14,675
15,095
13,988
13,886
Sales/Revenue/Turnover
10.05
18.55
12.67
8.5
-67.2
-7.05
5.98
15.04
8.87
11.69
-51.93
-7.14
10.3
11.51
12.15
11.23
11.93
Operating Margin (%)
8
11
9
29
32
148
197
257
471
745
1,254
1,221
1,182
1,339
1,338
1,301
1,258
Depreciation Expense
1
175
43
26
347
-261
170
572
1,287
1,144
-2,613
-137
490
211
66
-1,366
-1,321
Net Income, GAAP
97.37
11.04
24.55
25.7
- -
- -
24.69
26.53
- -
30.32
- -
- -
43.76
81.04
61.01
- -
619.89
Effective Tax Rate (%)
0.27
14.18
6.88
10.03
93.79
-12.14
5.27
9.76
17.07
9.32
-39.82
-1.78
3.91
1.44
0.43
-9.76
-9.51
Profit Margin (%)
930
504
800
669
-1,815
1,741
9,568
13,013
10,026
11,574
7,029
1,111
3,999
5,840
2,951
2,860
751
Working Capital
522
499
367
47
505
4,097
8,291
13,943
26,257
20,373
19,735
25,697
28,528
32,683
28,936
28,526
26,017
LT Debt
522
685
718
4,793
7,126
11,930
15,496
19,096
20,093
27,596
23,541
21,898
22,606
22,708
22,414
19,409
20,077
Total Equity
0.1
15.57
4.83
0.55
- -
- -
0.58
2.08
- -
1.89
- -
- -
1.29
0.54
1.16
- -
-1.81
Return on Invested Capital (%)
0.11
16.34
5.3
0.9
- -
- -
2
3.2
- -
3.57
- -
- -
2.53
0.99
1.29
- -
-23.22
Return on Capital (%)
0.21
30.64
6.58
0.96
6.1
-3.75
2.19
6.55
13.04
10.48
-26.61
-1.67
5.2
1.95
0.6
-13.32
-12.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,922
8,920
11,270
LT Borrowings
26,737
24,300
21,683
LT Finance Leases
4,291
4,226
4,334
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,854
6,854
6,854
Market Capitalization
3,990
3,430
3,521

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
15,461
15,238
15,322
Cash, Cash Equivalents & STI
2,836
2,726
2,801
Accounts Receivable, Net
351
371
393
Inventories
10,930
10,764
10,674
Total Current Liabilities
9,936
12,378
14,571
Payables & Accruals
1,853
2,056
1,935
ST Debt
6,922
8,920
11,270
Deferred Revenue
878
993
1,020

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.3%
-3.6%
-13.4%
Free Cash Flow
-439.82%
-54.87%
160.01%
Net Income, GAAP
-300.53%
-572.27%
-2,184.31%
Sales/Revenue/Turnover
26.91%
18.5%
-7.33%
Total Cash Common Dividend
- -
- -
-33.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,034
3,764
3,633
3,665
15,095
2025
3,365
3,500
3,615
3,509
13,988
2026
3,263
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.01
- -
- -
0.01
2025
- -
-0.01
0.01
- -
-0.2
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
Singha Estate Public Company Limited [finance=Singha Estate Public Company Limited] is a Thailand-based real estate developer and investor engaged in residential property development; high-end condominiums such as The ESSE Sukhumvit 36, The Extro Phayathai-Rangnam, and One River Rama III; luxury single detached houses, cluster homes, and home offices under brands including SMYTH's, SHAWN, S'RIN, and LA SOIE De S; hospitality operations through its majority-owned subsidiary S Hotels and Resorts Public Company Limited (SHR), encompassing upper-upscale brands like SAii Hotels & Resorts, SO/ Hotels & Resorts, and management of resorts in Thailand, Maldives, and the UK; commercial properties featuring Grade A office buildings and retail spaces such as Singha Complex, Suntowers, S Metro, S OASIS (LEED Gold certified), and The Lighthouse; and industrial estate and infrastructure via S Industrial Estate Co., Ltd. (S.IF.), including the 1,790-rai S Angthong Industrial Estate with three co-generation power plants (BPAT1-3) totaling 400 MW capacity for low-carbon electricity, renewable energy, and eco-friendly engineering solutions. The company, founded in 1995 as Panichpoom Pattana Company Limited and listed on the Stock Exchange of Thailand since 2004 (formerly Rasa Property Development Public Company Limited, renamed Singha Estate in 2014), maintains headquarters in Bangkok at 968 U Chu Liang Building, Rama IV Road, with operations spanning Thailand, Maldives, and the UK. Recent developments include the February 2025 launch of three new residential projects (two SMYTH's cluster homes and One River Rama III condominium); June 2025 sales closure of SIRANINN Residences Pattanakarn and SENTRE Pattanakarn totaling THB 3 billion; a strategic partnership with The Ascott Limited for rebranding UK hotels to The Unlimited Collection and lyf brands; May 2024 launches of SHAWN Panya Indra and SHAWN Wongwaen-Chatuchot; June 2024 land sale to Unitech PCB (Thailand) Co., Ltd. at S Angthong; full commercial operation of its co-generation plants; the July 2025 relaunch of SAii Hotels & Resorts; and a November 2025 filing for new 1-year-9-month debentures at 4.20% coupon.