Origin Property Public Company Ltd

Origin Property Public Company Ltd

1.79
THB
+0.09
(+5.29%)
0.24EPS
7.76P/E
4.22BMarket Cap
Nov 18Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.31
0.69
0.91
3.83
6.44
5.39
4.27
6.08
5.87
5.65
4.34
3.28
2.7
Basic EPS, GAAP
0.04
0.13
0.18
0.84
1.37
1.24
1.09
1.3
1.54
1.11
0.43
0.29
0.22
Free Cash Flow per Basic Share
-0.3
-0.13
-0.55
-0.14
0.34
-1.19
0.08
0.18
-1.75
-3.58
0.99
0.08
0.69
Dividend per Share
0.05
0.09
0.06
0.05
0.39
0.56
0.29
0.61
0.57
0.73
0.32
0.02
0.02
Book Value per Share
0.12
0.76
0.95
2.1
3.04
3.94
4.64
6.09
7.39
7.76
7.88
8.3
8.35
Tangible Book Value per Share
0.12
0.76
0.95
1.91
2.86
3.76
4.47
5.94
7.25
7.62
7.66
8.09
8.14
Basic Weighted Avg Shares
1,785
2,901
3,473
2,415
2,444
2,450
2,453
2,453
2,454
2,454
2,454
2,454
2,453
Sales/Revenue/Turnover
550
2,010
3,153
9,252
15,749
13,197
10,486
14,923
14,397
13,866
10,644
8,052
6,614
Operating Margin (%)
16.55
24.98
24.18
24.12
28.75
30.54
26.58
26.11
27.28
23.41
9.56
4.74
-1.65
Depreciation Expense
10
28
41
87
134
119
165
183
305
521
659
468
427
Net Income, GAAP
70
386
638
2,021
3,338
3,027
2,662
3,194
3,775
2,718
1,052
720
544
Effective Tax Rate (%)
20.71
20.28
20.22
22.39
22.51
21.26
16.86
20.39
18.36
20.36
21.54
17.44
8.25
Profit Margin (%)
12.78
19.22
20.22
21.84
21.19
22.94
25.39
21.4
26.22
19.6
9.88
8.94
8.22
Working Capital
546
1,811
4,081
8,429
10,322
15,659
12,936
16,245
22,958
24,825
22,674
20,384
16,104
LT Debt
346
281
1,823
3,827
4,513
9,606
7,428
7,063
14,204
21,025
22,416
18,424
14,777
Total Equity
287
1,748
2,743
6,412
8,801
10,934
12,008
15,940
19,933
21,098
21,282
21,980
22,093
Return on Invested Capital (%)
- -
20.98
15.4
20.92
20.89
14.87
8.77
11.95
11.08
6.91
2.82
1.69
1.12
Return on Capital (%)
- -
21.27
16.52
19.81
20
13.44
9.99
10.8
9.84
5.31
2.44
2.36
2.29
Return on Common Equity (%)
- -
37.97
32.35
55.25
53.15
35.42
25.32
24.28
22.83
14.62
5.48
3.63
2.68

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
15,071
14,205
16,575
LT Borrowings
18,043
17,362
14,542
LT Finance Leases
381
338
235
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,454
2,454
2,454
Market Capitalization
4,393
4,417
4,221

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
43,082
42,823
42,161
Cash, Cash Equivalents & STI
490
381
439
Accounts Receivable, Net
472
3,186
2,783
Inventories
36,827
36,613
36,486
Total Current Liabilities
22,698
23,203
26,057
Payables & Accruals
3,496
3,902
4,147
ST Debt
15,071
14,205
16,575
Deferred Revenue
3,538
3,684
3,995

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.97%
13.56%
3.28%
Free Cash Flow
-163.67%
-211.53%
-92.31%
Net Income, GAAP
24.31%
-16.53%
-31.55%
Sales/Revenue/Turnover
27.13%
-2.5%
-24.36%
Total Cash Common Dividend
58.64%
-3.52%
-93.46%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,739
3,052
2,676
2,177
10,644
2025
1,637
3,042
2,007
1,366
8,052
2026
1,502
1,738
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.18
0.16
-0.11
0.43
2025
0.05
0.13
0.07
0.04
0.29
2026
0.04
0.06
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.02
0.32
2025
- -
- -
- -
0.02
0.02
2026
- -
- -
- -
- -
- -

Company Description

CEO
Peerapong Jaroon-Ek
Full Time Employees
1,200
Sector
Consumer durables
Industry
Homebuilding
Address
496 Moo 9 Bangkok BM Thailand 10270
IPO Date
Oct 7, 2015
Business
Origin Property Public Company Limited (ORI.BK) is a leading real estate developer in Thailand focused on residential and commercial property development. The company offers a diverse portfolio of products and services, including condominiums under brands such as Origin Place, Niche, and Pure; townhomes and detached houses through Origin Ville and Noble developments; and commercial properties like office buildings and retail spaces. It provides comprehensive property management services, sales and leasing operations, and construction management across its projects, targeting middle-to-upper income buyers, investors, and tenants in urban and suburban markets. Founded in 2005 and headquartered in Bangkok, Thailand, Origin Property operates primarily in Thailand with projects concentrated in Greater Bangkok, key provincial cities such as Chiang Mai, Khon Kaen, and Phuket, and expanding into select regional areas. The company serves individual homebuyers, corporate clients for leasing, and institutional investors through its integrated development model that emphasizes quality construction, innovative designs, and sustainable features. Subsidiaries handle specialized functions like project management and property services, supporting its vertically integrated operations without notable parent company affiliations. In recent developments within the last 1-2 years, Origin Property has pursued strategic expansions including new condominium launches in high-demand Bangkok suburbs and partnerships with financial institutions for enhanced mortgage financing options. The company completed acquisitions of land parcels for upcoming townhome projects in eastern economic corridor zones and announced funding through bond issuances to support pipeline growth amid Thailand's recovering property market. These initiatives reflect a shift toward diversified housing segments and digital sales platforms to capture rising demand from young professionals and families.