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AP (Thailand) Public Company Limited (AP.BK)
THB7.65
+0.10 (+1.32%)
TH SET Real Estate Real Estate - Development
Address
Ocean Tower I Building 10110
Bangkok, TH
Bangkok, TH
CEO
Pichet Vipavasuphakorn
Website
apthai.com
IPO
2000-01-05
ISIN TH0308010Y08
Also trades on
Stock Exchange of Thailand · AP-R.BK (THB)
Stock Exchange of Thailand · AP.BK (THB)
Description
AP (Thailand) Public Company Limited, along with its affiliated entities, specializes in real estate development across Thailand. The company's business activities are structured into three main divisions: Low-Rise, High-Rise, and an "Other" segment. The Low-Rise division is responsible for constructing detached houses and townhouses, while the High-Rise division concentrates on developing condominium projects. Beyond property construction, the "Other" segment offers a variety of services, including after-sales support, property brokerage, and construction services, alongside educational and training programs. Founded in 1991, the company, headquartered in Bangkok, Thailand, adopted its current name in May 2013, having previously operated as Asian Property Development Public Company Limited.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
THB7.65
+0.10 (+1.32%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.30
Float Shares
2.09B
Free Float %
66.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.13% | +0.70% | -4.00% | -16.28% | -15.29% | -16.28% | +19.01% | -37.93% | -15.29% | +11.63% | -5.39% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
7.65
DCF (Unlevered)
58.65
+666.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
85% Bullish
| Rating | 2026-06 | Change |
|---|---|---|
| Strong Buy | 2 | -1 |
| Buy | 9 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
2.50
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Real Estate - Development: +9.7%+1.0% Q1'26: +24.0% (vs Q1'25)
-
EPS growth Real Estate - Development: +20.5%-14.4% Q1'26: +7.4% (vs Q1'25)
-
FCF margin FCF growth · Real Estate - Development: +16.2%+5.8% Q1'26: -6.9% (vs Q1'25)
-
EBIT margin Real Estate - Development: +19.8%+13.2% Q1'26: +12.8% (vs Q1'25)
-
ROIC Real Estate - Development: +3.2%+5.4% ★ Q1'26: +5.1% (vs Q1'25)
-
Share dilution Real Estate - Development: +0.0%+0.0% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×6.06× Q1'26: 6.41× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 11 Rev. Ana. 13 EPS Ana. |
Dec 2027 11 Rev. Ana. 13 EPS Ana. |
Dec 2028 8 Rev. Ana. 8 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
22.08B
est: 23.35B (-5.5%)
|
20.25B
est: 21.07B (-3.9%)
|
22.18B
est: 21.59B (+2.7%)
|
27.70B
est: 25.35B (+9.3%)
|
23.80B
est: 25.02B (-4.9%)
|
29.89B
est: 28.26B (+5.8%)
|
31.79B
est: 32.02B (-0.7%)
|
38.54B
est: 38.37B (+0.5%)
|
38.05B
est: 37.38B (+1.8%)
|
36.99B
est: 37.36B (-1.0%)
|
37.34B
est: 36.51B (+2.3%)
|
38.81B
37.27B – 40.44B
+6.3% YoY
|
40.31B
38.32B – 43.77B
+3.9% YoY
|
41.95B
41.95B – 41.95B
+4.1% YoY
|
| EBITDA |
3.53B
est: 4.08B (-13.5%)
|
3.19B
est: 3.68B (-13.4%)
|
3.60B
est: 3.78B (-4.5%)
|
3.72B
est: 4.43B (-16.1%)
|
3.00B
est: 4.37B (-31.5%)
|
5.50B
est: 4.94B (+11.4%)
|
4.94B
est: 5.60B (-11.7%)
|
6.27B
est: 6.71B (-6.5%)
|
6.85B
est: 6.19B (+10.6%)
|
7.09B
est: 6.19B (+14.5%)
|
5.18B
est: 6.05B (-14.4%)
|
6.43B
6.18B – 6.70B
+6.3% YoY
|
6.68B
6.35B – 7.25B
+3.9% YoY
|
6.95B
6.95B – 6.95B
+4.1% YoY
|
| EBIT |
3.64B
est: 3.89B (-6.6%)
|
3.14B
est: 3.51B (-10.7%)
|
3.54B
est: 3.60B (-1.8%)
|
3.64B
est: 4.23B (-14.0%)
|
2.88B
est: 4.17B (-30.9%)
|
5.24B
est: 4.71B (+11.1%)
|
4.66B
est: 5.34B (-12.7%)
|
5.98B
est: 6.40B (-6.6%)
|
6.56B
est: 4.98B (+31.8%)
|
6.82B
est: 4.98B (+36.9%)
|
4.94B
est: 4.86B (+1.6%)
|
5.17B
4.97B – 5.39B
+6.3% YoY
|
5.37B
5.11B – 5.83B
+3.9% YoY
|
5.59B
5.59B – 5.59B
+4.1% YoY
|
| Net Income |
2.62B
est: 2.67B (-1.6%)
|
2.70B
est: 2.72B (-0.7%)
|
3.16B
est: 3.11B (+1.4%)
|
3.87B
est: 3.72B (+4.0%)
|
3.07B
est: 3.23B (-5.0%)
|
4.23B
est: 3.90B (+8.4%)
|
4.54B
est: 4.46B (+1.9%)
|
5.88B
est: 5.60B (+5.0%)
|
6.05B
est: 5.31B (+14.0%)
|
5.02B
est: 5.18B (-3.0%)
|
4.32B
est: 4.36B (-0.9%)
|
4.64B
4.46B – 5.13B
+6.5% YoY
|
5.02B
4.56B – 5.59B
+8.1% YoY
|
5.35B
4.50B – 5.63B
+6.6% YoY
|
| SGA |
3.97B
est: 4.53B (-12.3%)
|
4.01B
est: 4.08B (-1.8%)
|
4.54B
est: 4.19B (+8.6%)
|
5.73B
est: 4.91B (+16.6%)
|
5.44B
est: 4.85B (+12.3%)
|
6.16B
est: 5.48B (+12.5%)
|
5.83B
est: 6.21B (-6.1%)
|
7.25B
est: 7.44B (-2.5%)
|
7.52B
est: 7.07B (+6.3%)
|
7.17B
est: 7.07B (+1.5%)
|
6.96B
est: 6.91B (+0.8%)
|
7.35B
7.06B – 7.66B
+6.3% YoY
|
7.63B
7.25B – 8.28B
+3.9% YoY
|
7.94B
7.94B – 7.94B
+4.1% YoY
|
| EPS |
0.83
est: 0.85 (-2.1%)
|
0.86
est: 0.87 (-0.6%)
|
1.00
est: 0.99 (+1.0%)
|
1.23
est: 1.18 (+4.1%)
|
0.98
est: 1.03 (-4.5%)
|
1.34
est: 1.24 (+8.1%)
|
1.44
est: 1.42 (+1.7%)
|
1.87
est: 1.86 (+0.7%)
|
1.92
est: 1.69 (+13.8%)
|
1.60
est: 1.62 (-1.5%)
|
1.37
est: 1.41 (-3.0%)
|
1.49
1.42 – 1.63
+5.5% YoY
|
1.59
1.45 – 1.78
+6.9% YoY
|
1.69
1.43 – 1.79
+6.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-09 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-06-08 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-06-05 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-06-04 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-06-02 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-29 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-28 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-27 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-26 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-25 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-22 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-21 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-20 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-19 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-18 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 4/5 | 3/5 | 4/5 |
| 2026-05-15 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-14 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-13 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-12 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-11 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-08 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-07 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-06 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-05 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-30 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 1/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-17 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-16 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 4/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.11B
OE per share TTM
0.67
Owner's Yield
9.58%
Maintenance CapEx ratio
2.80%
Maint CapEx / Avg PPE
2.2%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 8 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.08% | 36.7K | 0.54% |
| 2 | WisdomTree Emerging Markets High Dividend Fund DEM | 0.07% | 2.83M | 0.63% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.03% | 195.4K | 0.65% |
| 4 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.01% | 57.6K | 0.44% |
| 5 | JPMorgan BetaBuilders Emerging Markets Equity ETF BBEM | 0.01% | 52.3K | 0.15% |
| 6 | Dimensional - Emerging Markets Value ETF DFEV | 0.00% | 93.1K | 0.46% |
| 7 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 326.3K | 0.39% |
| 8 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 275.0K | 0.28% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
3.17M
Shares Outstanding
3.15B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Anuphong Assavabhokhin | Chief Executive Officer & Vice Chairman | 730.8K | male |
| Kittiya Pongpujaneegul | Executive Director | 730.8K | female |
| Pichet Vipavasuphakorn | Chief Executive Officer & Executive Director | 730.8K | male |
| Siripong Sombutsiri | Executive Director | 730.8K | male |
| Wason Naruenatpaisan | Executive Director | 730.8K | male |
| Pramart Kwanchuen | Corporate Secretary and Head of Corporate Legal & Compliance Department | — | male |
| Ratchayud Nunthachotsophol | President | — | male |
| Krongthong Plukpholngam | Executive Director & CFO | — | female |
| Sukonrut Rungcharoenpong | Head of Corporate Finance & Accounting | — | female |
| Plotch Chalayonevat | Deputy Chief People Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for AP.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
