Obermatt

Land And Houses

SET:LH · TH0143010Z08
Real Estate Management & DevelopmentMedium

360

4
EV / EBIT7
Price / Owner Earnings17
Owner Earnings Yield30
Dividend Yield81
Price/Sales23
EV / Gross Profit17
Price/Book27
Return on Capital27
Cash Return on Capital33
Return on Equity47
EBIT Margin32
Gross Profitability21
Cash Conversion75
Accruals87
Owner Earnings Margin50
Sales growth62
Profit Growth39
Long-Term EPS Growth6
Owner Earnings Growth16
Reinvestment63
Price momentum51
Debt load12
Refinancing63
Debt Payback13
Liquidity5
Analyst ratings15
Opinion Changes50
Price Target Upside24
Market mood63
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

Land And Houses doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand
IndustryReal Estate Management & Development
SizeMedium
TypePublic Company
ExchangeSET
Employees61
Websitelh.co.th
ISINTH0143010Z08
Last UpdateApr 2, 2026
Themes
Real Estate Technology

Description

Land and Houses Public Company Limited primarily engages in property development. The company operates in various segments of the real estate market, focusing on both residential and commercial properties. Business Segments The company is organized…

Analysis

Middle-of-the-road

Land and Houses 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 14.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of -4%. The gap between price and consensus is worth watching: demanding expectations.

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

Flags to be aware of: Some accounting patterns deserve a closer look. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
29
2023202420252026

All-time high

63

Jan 2023

All-time low

1

May 2024

Average rank

20

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
23
56
51
49
Price/Earnings
34
48
47
49
Price/Book
27
54
37
36
Dividend Yield
81
76
88
96
Value (overall)
43
61
64
66

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 →