Obermatt

Flags

Financial distress

Italian-Thai Development

SET:ITD · TH0438010Z02
Construction & EngineeringMedium

360

15
Medium confidence — indicative
EV / EBIT1
Price / Owner Earnings65
Owner Earnings Yield49
Dividend Yield1
Price/Sales100
Price/Book75
Return on Capital9
Cash Return on Capital50
Return on Equity10
EBIT Margin7
Gross Profitability5
Accruals89
Owner Earnings Margin59
Sales growth71
Profit Growth1
Long-Term EPS Growth1
Owner Earnings Growth13
Reinvestment66
Price momentum61
Debt load3
Refinancing65
Debt Payback10
Liquidity4
Analyst ratings100
Expectations trend50
Market mood43
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Italian-Thai Development doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand
IndustryConstruction & Engineering
SizeMedium
TypePublic Company
ExchangeSET
Founded1958
Employees626
Websiteitd.co.th
ISINTH0438010Z02
Last UpdateApr 2, 2026
Index & Theme
Injection MoldingMining Technology

Description

Italian-Thai Development Public Company Limited together with its subsidiaries engages in the construction business. Business Segments The company operates through construction services, real estate development, manufacturing of construction materi…

Analysis

Middle-of-the-road

Italian-Thai Development Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 1.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -47% a year, against analyst forecasts of -171%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is stretched. The company scores 6/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
23
2023202420252026

All-time high

23

Jun 2026

All-time low

4

Jan 2025

Average rank

12

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
100
100
95
91
Price/Earnings
100
89
89
3
Price/Book
75
70
89
72
Dividend Yield
1
1
1
1
Value (overall)
55
50
49
53

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →