Sivarom Real Estate Public Company Limited

Sivarom Real Estate Public Company Limited

0.31
THB
0.00
(0.00%)
-0.12EPS
158.10MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1.08
1.1
1.42
1.86
1.69
0.99
0.69
Basic EPS, GAAP
- -
0.04
0.1
0.11
0.16
0.05
-0.08
-0.11
Free Cash Flow per Basic Share
- -
-0.05
-0.09
-0.11
-1.71
0.18
0.35
0.34
Dividend per Share
- -
- -
- -
- -
0.21
- -
- -
- -
Book Value per Share
0.64
0.73
0.83
0.94
1.44
1.49
1.4
1.34
Tangible Book Value per Share
0.64
0.72
0.82
0.93
1.43
1.48
1.4
1.34
Basic Weighted Avg Shares
510
510
510
510
496
510
510
510
Sales/Revenue/Turnover
- -
549
559
725
924
862
506
353
Operating Margin (%)
- -
11.21
12.19
12.65
11.74
5.14
-7.91
-14.7
Depreciation Expense
- -
5
9
9
6
6
4
4
Net Income, GAAP
- -
18
52
57
77
27
-43
-56
Effective Tax Rate (%)
- -
24.9
17.69
24.79
20.17
10.68
- -
- -
Profit Margin (%)
- -
3.31
9.22
7.85
8.33
3.18
-8.48
-15.73
Working Capital
360
282
423
438
954
782
698
657
LT Debt
81
87
80
29
220
23
2
1
Total Equity
342
417
480
539
773
797
753
720
Return on Invested Capital (%)
- -
7.46
8.76
7.83
6.11
2.14
- -
- -
Return on Capital (%)
- -
-0.35
5.8
7.74
6.18
2.26
- -
- -
Return on Common Equity (%)
- -
5.19
12.94
12.56
12.68
3.67
-5.82
-7.79

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
770
769
725
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
510
510
510
Market Capitalization
153
158
158

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,633
1,618
1,565
Cash, Cash Equivalents & STI
3
12
10
Accounts Receivable, Net
- -
2
2
Inventories
1,605
1,586
1,534
Total Current Liabilities
934
945
908
Payables & Accruals
142
150
150
ST Debt
770
769
725
Deferred Revenue
12
15
21

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.68%
-5.59%
Free Cash Flow
- -
301.56%
94.37%
Net Income, GAAP
- -
-18.41%
-256.78%
Sales/Revenue/Turnover
- -
2.19%
-41.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
203
307
204
148
862
2025
164
106
157
79
506
2026
39
78
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.04
-0.01
- -
0.05
2025
-0.01
-0.03
-0.02
-0.03
-0.08
2026
-0.03
-0.03
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

CEO
Ronnarith Thitisuriyarax
Full Time Employees
59
Sector
Finance
Industry
Real estate development
Address
662/45 Rama 3 Road Bangkok BM Thailand 10120
IPO Date
Feb 8, 2023
Business
Sivarom Real Estate Public Company Limited engages in horizontal real estate development in Thailand, merchandising land through detached houses, semi-detached houses, townhomes, commercial buildings, and condominiums not exceeding eight floors; the company offers projects such as Sivarom Nature Plus (Sukhumvit-Bangpu), featuring luxury American Cottage-style houses with facilities including communal gardens, clubhouses, saltwater swimming pools, and 24-hour CCTV security; Sivarom Park (Sukhumvit-Bangpu), providing British Cozy Vintage-inspired detached houses with similar amenities on a prime location near hospitals, universities, and stadiums; and Sivarom City (Nikhom Phatthana-Rayong), affordable housing starting at 1.09 million baht emphasizing smart living surrounded by nature. Founded in 2017 and headquartered at 662/45 Rama 3 Road, Bang Phong Phang subdistrict, Yannawa, Bangkok, the company operates primarily in Thailand with a focus on suburban and emerging markets like Sukhumvit-Bangpu, Rayong, Phutthamonthon, Bangkae-Sathorn, Pracha Uthit, and Bangkruai-Sai Noi; it wholly owns subsidiaries Siam Pattana Real Estate Company Limited and To Be Bright Precast Company Limited for development and prefabricated structures, respectively, and holds 51% of Sivarom China Company Limited for overseas real estate activities. Recent developments include robust first-quarter 2024 revenue of 20.3 billion baht from launches like Sivarom Park (Wongwaen-Pracha Uthit 83) valued at 200 million baht and Sivarom Village (Wongwaen-Chaiyapruek) at 7.6 billion baht; planned 2024 project rollouts exceeding 500 billion baht in value, such as Sivarom Park (Pracha Uthit 76) at 600 million baht with standalone houses from 50 million baht, Sivarom Village (Wongwaen-Chaiyapruek) semi-detached and townhomes priced 20-30 million baht, Sivarom Hide (Bangkae-Sathorn) luxury houses at 100-160 million baht, Sivarom Hyde (Phutthamonthon Sai 2), Grand Sivarom 3 (Sukhumvit-Bangpoo), and Sivarom Nature Plus (Bangpoo 2567) Bergen-style townhomes; a joint venture with Putthapornmongkol group via a new entity; CEO Taweekiat Nuntaekkapong's resignation in May 2025; and Q3/nnine-month 2025 earnings reports alongside 35% projected annual revenue growth targeting high-end segments amid government stimulus like reduced transfer and mortgage fees.