Obermatt

Flags

Earnings warning

L.P.N. Developmente

SET:LPN · TH0456010Z04
Real Estate Management & DevelopmentSmall

360

23
EV / EBIT14
Price / Owner Earnings5
Owner Earnings Yield21
Dividend Yield71
Price/Sales100
EV / Gross Profit32
Price/Book88
Return on Capital33
Cash Return on Capital22
Return on Equity21
EBIT Margin22
Gross Profitability41
Cash Conversion100
Accruals74
Owner Earnings Margin22
Sales growth36
Profit Growth1
Long-Term EPS Growth75
Owner Earnings Growth71
Reinvestment77
Price momentum31
Debt load38
Refinancing91
Debt Payback3
Liquidity35
Analyst ratings8
Opinion Changes50
Price Target Upside29
Market mood1
Value Creation10/20creating 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

L.P.N. Developmente 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
SizeSmall
TypePublic Company
ExchangeSET
Founded1989
Employees46
Websitelpn.co.th
ISINTH0456010Z04
Last UpdateApr 2, 2026
Themes
Clean EnergySmart BuildingReal Estate Technology

Description

L.P.N. Development Public Company Limited is a prominent real estate development firm in Thailand. The company primarily focuses on housing and commercial projects, including low-rise and high-rise buildings, and it is involved in both property deve…

Analysis

Middle-of-the-road

L.P.N. 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 expensive. The owner-earnings multiple stands at 40.7×; owner earnings: the cash an owner could take out each year.

Growth is solid; the safety picture is stretched. The company scores 10/20 on our value-creation score: creating some 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
32
2026

All-time high

39

Mar 2026

All-time low

32

Jun 2026

Average rank

36

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
100
Price/Earnings
9
Price/Book
88
Dividend Yield
71
Value (overall)
80

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 →