Asset Five Group

SET:A5 · TH0746010Z08

Real Estate Management & DevelopmentSmall

360

Medium confidence — indicative

Value32

Profit price9

Cash yield16

Owner Earnings Yield31

Dividend Yield1

Sales & asset price25

Price/Sales37

EV / Gross Profit24

Price/Book15

Quality62

Returns on capital52

Return on Capital53

Cash Return on Capital47

Return on Equity55

Profit margins57

EBIT Margin39

Gross Profitability75

Cash backing71

Cash Conversion91

Accruals90

Owner Earnings Margin32

Growth28

Sales growth14

Profit growth15

Profit Growth8

Long-Term EPS Growth18

Owner Earnings Growth19

Reinvestment6

Price momentum37

Safety30

Debt load26

Debt serviceability43

Refinancing65

Debt Payback21

Liquidity78

Sentiment56

Analyst ratings—

Expectations trend—

Market mood8

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

Asset Five Group doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand

IndustryReal Estate Management & Development

SizeSmall

TypePublic Company

ExchangeSET

Founded2003

Websiteassetfive.co.th/en

ISINTH0746010Z08

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Themes

Real Estate Technology

Description

Asset Five Group Public Company Limited engages primarily in real estate development for sale and focuses on creating residential and commercial properties that meet the demands of its customer base. The company's real estate development initiatives…

Analysis

Hope premium

Asset Five Group Public Company Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 31.9×; owner earnings: the cash an owner could take out each year.

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

2026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

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

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

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 →