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Supalai Public Company Limited

Supalai Public Company Limited

SPALI.BK
Supalai Public Company LimitedTH flagStock Exchange of Thailand
16.10
THB
-0.10
- -
30.37BMarket Cap
Supalai Public Company Limited
SPALI.BK
(Stock Exchange of Thailand)

Recent

price

16.10

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
6.46
7.39
6.71
7.35
10.84
12.43
13.59
14.45
12.93
10.99
10.33
14.97
17.68
15.96
15.97
12.58
12.73
Revenue per Share
1.5
1.5
1.6
1.68
2.61
2.53
2.85
3.39
2.92
2.52
2.13
3.63
4.19
3.07
3.17
2.09
2.1
Basic EPS, GAAP
- -
0.45
1.35
-1.43
-1.63
-2.95
0.76
1.5
2.5
1.23
-0.65
2.03
1.63
-0.13
-0.42
0.39
1.47
Free Cash Flow per Basic Share
0.65
0.65
0.6
0.65
0.75
1.15
1
0.55
0.42
1
1.08
1
1.45
1.45
1.35
1.41
0.55
Dividend per Share
5.02
5.77
6.77
7.8
9.66
11.02
12.9
15.72
16.35
16.6
17.45
20.52
23.5
25.27
27.62
28.42
28.85
Book Value per Share
5.61
6.49
7.52
8.57
10.48
11.88
13.74
16.52
17.54
17.63
18.69
21.95
24.25
26.27
27.7
28.48
29.53
Tangible Book Value per Share
1,717
1,717
1,715
1,716
1,716
1,719
1,717
1,717
1,976
2,143
1,992
1,948
1,950
1,953
1,953
1,918
1,907
Basic Weighted Avg Shares
11,083
12,686
11,513
12,615
18,591
21,364
23,336
24,803
25,553
23,557
20,588
29,160
34,486
31,177
31,194
24,124
24,282
Sales/Revenue/Turnover
33.95
31.65
31.67
28.81
31.34
27.27
27.17
26.84
27.38
27.26
25.48
28.54
27.22
23.25
23.92
18.52
18.59
Operating Margin (%)
82
83
77
94
112
129
157
143
117
118
117
123
127
138
203
213
206
Depreciation Expense
2,581
2,568
2,744
2,882
4,478
4,349
4,887
5,814
5,770
5,403
4,251
7,070
8,173
5,989
6,190
4,015
4,012
Net Income, GAAP
30.42
33.04
22.76
19.75
19.83
20.28
20.4
20.21
19.87
19.86
22.64
21.39
21.04
20.68
20.98
20.65
20.24
Effective Tax Rate (%)
23.29
20.24
23.83
22.85
24.09
20.36
20.94
23.44
22.58
22.93
20.65
24.25
23.7
19.21
19.84
16.64
16.52
Profit Margin (%)
12,246
13,792
14,285
15,917
25,472
33,592
32,280
34,841
38,905
38,215
38,518
41,371
41,322
50,577
47,884
51,363
52,889
Working Capital
4,239
4,140
2,942
3,734
10,244
16,326
12,433
9,821
8,273
4,497
6,376
3,976
3,886
6,684
7,931
12,742
14,654
LT Debt
9,624
11,132
12,888
14,709
17,977
20,450
23,641
28,411
34,722
37,849
37,396
42,926
47,463
51,465
54,220
54,786
56,449
Total Equity
19.82
17.61
16.24
13.99
17.52
13.26
12.18
11.88
11.89
10.36
7.54
11.24
11.49
8.01
7.42
4.13
4.1
Return on Invested Capital (%)
21.46
18.31
17.34
14.82
17.88
13.02
12.55
13.9
13.07
11.65
8.47
13.02
13.32
8.96
8.51
5.29
5.17
Return on Capital (%)
33.29
27.72
25.5
23.06
29.9
24.49
23.79
23.67
19.46
15.92
12.09
18.92
19.05
12.58
11.98
7.4
7.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
20,663
19,083
18,299
LT Borrowings
10,725
12,742
14,654
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,889
1,886
1,886
Market Capitalization
35,108
32,793
31,081

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
81,294
82,370
83,164
Cash, Cash Equivalents & STI
3,916
4,002
3,740
Accounts Receivable, Net
49
48
46
Inventories
76,384
77,448
78,610
Total Current Liabilities
33,257
31,007
30,275
Payables & Accruals
10,056
9,765
9,722
ST Debt
20,663
19,083
18,299
Deferred Revenue
1,215
885
1,002

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.6%
8.04%
1.04%
Free Cash Flow
-63.52%
-100.68%
-191.38%
Net Income, GAAP
2.63%
4.68%
-35.13%
Sales/Revenue/Turnover
2.58%
5.54%
-22.66%
Total Cash Common Dividend
11.83%
6.21%
2.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,580
7,942
9,836
8,837
31,194
2025
3,634
6,912
6,371
7,207
24,124
2026
3,792
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.82
1.02
- -
3.17
2025
0.21
0.57
0.62
- -
2.09
2026
0.21
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.6
- -
1.35
2025
- -
- -
0.55
- -
1.41
2026
- -
- -
- -
- -
- -
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Business
Supalai Public Company Limited (SPALI.BK), founded in 1989 and headquartered at Supalai Grand Tower in Bangkok, Thailand, develops and sells residential properties including detached houses, duplex houses, townhouses and condominiums under brands such as Supalai Villa, Supalai Park, Supalai Primo, Supalai Bella, Palm Springs, Supalai Pride and Supalai Essence; it also constructs commercial properties comprising office buildings for rent, hotels, resorts and shopping centers, while providing real estate management services, land trading, securities investments and property leasing throughout Bangkok, its vicinities and provincial areas in Thailand as well as in Australia. The company operates through Real Estate Business and Hotel Business and Management segments, targeting middle- to high-income buyers with eco-friendly designs incorporating smart technologies like AI and IoT. Subsidiaries handle hotel and resort management alongside project development. In late 2024, Supalai Australia Holdings formed the Stockland Supalai Residential Communities Partnership with Stockland, acquiring 12 masterplanned communities from Lendlease for A$1.06 billion encompassing approximately 27,600 lots across Victoria, New South Wales, Western Australia and Queensland, boosting its Australian portfolio from 12 to 24 projects with sales projected to double in 2025; domestically, it launched 41 low-rise and condominium projects worth 52 billion baht in 2024, plans 36 new projects valued at 46 billion baht in 2025 including expansions into Lop Buri, Suphan Buri and Koh Samui, and extended warranties to 10 years on condominium structures and three years on components amid a focus on sustainable green procurement and carbon emission tracking.