Obermatt

Quality Houses

SET:QH · TH0256A10Z04
Real Estate Management & DevelopmentMedium

360

55
EV / EBIT1
Price / Owner Earnings45
Owner Earnings Yield76
Dividend Yield91
Price/Sales27
EV / Gross Profit36
Price/Book54
Return on Capital23
Cash Return on Capital63
Return on Equity49
EBIT Margin24
Gross Profitability35
Cash Conversion77
Accruals90
Owner Earnings Margin73
Sales growth13
Profit Growth34
Long-Term EPS Growth50
Owner Earnings Growth54
Reinvestment100
Price momentum57
Debt load74
Refinancing59
Debt Payback61
Liquidity34
Analyst ratings12
Opinion Changes50
Price Target Upside25
Market mood63
Value Creation12/20creating some 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

Quality Houses clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryReal Estate Management & Development
SizeMedium
TypePublic Company
ExchangeSET
Founded1983
Employees3
Websiteqh.co.th
ISINTH0256A10Z04
Last UpdateApr 2, 2026
Themes
Real Estate Technology

Description

Quality Houses Public Company Limited operates primarily in the real estate development sector, which provides an array of services, including the sale of land and houses, condominium units, hotel operations, and rental properties. Business Segments…

Analysis

Middle-of-the-road

Quality 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 7.3×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

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

360° rank · history

1007550250
49
2023202420252026

All-time high

61

Jan 2023

All-time low

17

Mar 2026

Average rank

42

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
27
61
59
52
Price/Earnings
42
63
63
55
Price/Book
54
81
89
71
Dividend Yield
91
88
88
85
Value (overall)
57
79
80
75

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 →