Sivarom Real Estate Public Company Limited

Sivarom Real Estate Public Company Limited

SVR.BK
Sivarom Real Estate Public Company LimitedTH flagStock Exchange of Thailand
0.30
THB
- -
- -
153.00MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
144.52
147.17
1.42
1.86
1.69
0.99
0.75
Basic EPS, GAAP
- -
4.79
13.58
0.11
0.16
0.05
-0.08
-0.11
Free Cash Flow per Basic Share
- -
-7
-12.01
-0.11
-1.71
0.18
0.35
0.28
Dividend per Share
- -
- -
- -
- -
0.21
- -
- -
- -
Book Value per Share
- -
102.68
110.43
0.93
1.16
1.17
1.09
1.06
Tangible Book Value per Share
- -
108.55
125.13
1.05
1.55
1.56
1.47
1.44
Basic Weighted Avg Shares
- -
4
4
510
496
510
510
510
Sales/Revenue/Turnover
- -
549
559
725
924
862
506
381
Operating Margin (%)
- -
11.21
12.19
12.65
11.74
5.14
-7.91
-13.99
Depreciation Expense
- -
5
9
9
6
6
4
4
Net Income, GAAP
- -
18
52
57
77
27
-43
-54
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
-14.28
Working Capital
360
282
423
438
954
782
698
673
LT Debt
81
87
80
29
220
23
2
1
Total Equity
342
417
480
539
773
797
753
735
Return on Invested Capital (%)
- -
7.46
7.52
7.83
6.11
2.14
- -
- -
Return on Capital (%)
- -
-0.34
5.75
7.8
6.57
2.48
- -
- -
Return on Common Equity (%)
- -
4.96
12.74
12.74
14.71
4.68
-7.45
-9.61

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
867
770
769
LT Borrowings
- -
- -
- -
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
510
510
510
Market Capitalization
265
153
158

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,754
1,633
1,618
Cash, Cash Equivalents & STI
75
3
12
Accounts Receivable, Net
- -
- -
2
Inventories
1,656
1,605
1,586
Total Current Liabilities
1,031
934
945
Payables & Accruals
151
142
150
ST Debt
867
770
769
Deferred Revenue
1
12
15

Growth Rates

FRC

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

FRC

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

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
- -
-0.08
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChat
CEO
Ronnarith Thitisuriyarax
Full Time Employees
59
Sector
Real Estate
Industry
Real Estate - Development
Address
662/45 Rama 3 Road Bangkok 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.