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Flags

Financial distress

Asset World

SET:AWC · TH9436010002
Hotels, Restaurants & LeisureLarge

360

10
EV / EBIT18
Price / Owner Earnings38
Owner Earnings Yield51
Dividend Yield65
Price/Sales13
EV / Gross Profit8
Price/Book57
Return on Capital10
Cash Return on Capital37
Return on Equity32
EBIT Margin79
Gross Profitability4
Cash Conversion14
Accruals18
Owner Earnings Margin92
Sales growth81
Profit Growth46
Long-Term EPS Growth70
Reinvestment32
Price momentum75
Debt load38
Refinancing37
Debt Payback15
Liquidity60
Analyst ratings19
Opinion Changes69
Price Target Upside17
Market mood61
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

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

Profile

CountryThailand
IndustryHotels, Restaurants & Leisure
SizeLarge
TypePublic Company
ExchangeSET
Founded2018
Employees375
Websiteassetworldcorp-th.com
ISINTH9436010002
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Real Estate TechnologyTourismTravel AccommodationsCommercialHospitalityLifestyleReal Estate

Description

Asset World Corp Public Company Limited operates in the real estate sector. The company’s principal activities include investing and providing management services, with significant operations in hotel and related services, alongside the rental and re…

Analysis

Middle-of-the-road

Asset World Corp Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is fair. You pay 18.3× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 5% yearly growth; analysts expect 16%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is stretched. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: 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
53
2023202420252026

All-time high

53

Jun 2026

All-time low

1

Jan 2023

Average rank

26

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
13
19
13
5
Price/Earnings
7
13
16
1
Price/Book
57
70
68
73
Dividend Yield
65
38
45
34
Value (overall)
34
35
30
23

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 →