Obermatt

WHA Corporation

SET:WHA · TH3871010Z01
Real Estate Management & DevelopmentMedium

360

45
Profit price34
Cash yield69
Price/Sales18
EV / Gross Profit22
Price/Book25
Return on Capital61
Return on Equity73
EBIT Margin82
Gross Profitability57
Cash Conversion28
Accruals22
Sales growth47
Profit Growth56
Long-Term EPS Growth73
Reinvestment70
Price momentum97
Debt load23
Debt serviceability31
Liquidity43
Analyst ratings47
Opinion Changes55
Price Target Upside17
Market mood90
Value Creation7/20creating 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

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

Based on 3/5 components.

Profile

CountryThailand
IndustryReal Estate Management & Development
SizeMedium
TypePublic Company
ExchangeSET
Founded2012
Employees195
ISINTH3871010Z01
Last UpdateApr 2, 2026
Themes
Environmental EngineeringClean EnergyReal Estate TechnologyLogisticsReal EstateWarehousing

Description

WHA Corporation Public Company Limited, together with its subsidiaries, develops, rents, and sells lands, buildings, factories, warehouses, and other properties. Business Segments The company conducts its operations through Real Estate, Power, Wate…

Analysis

Middle-of-the-road

WHA Corporation Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

Valuation data is not available for this company.

Growth is moderate; the safety picture is adequate. The company scores 7/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
52
2023202420252026

All-time high

52

Jun 2026

All-time low

13

Jan 2023

Average rank

38

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
18
21
27
30
Price/Earnings
30
27
27
36
Price/Book
25
41
33
46
Dividend Yield
69
55
60
49
Value (overall)
32
31
38
43

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 →