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Rojana Industrial Park Public Company Limited (ROJNA.BK)

THB6.00 +0.05 (+0.84%)
TH SET Utilities Independent Power Producers
Address 2034/115, Ital Thai Tower 10310
Bangkok, TH
CEO Direk Vinichbutr
Website rojana.com
IPO 2000-01-04
ISIN TH0477010Y01

Explore sections of this company profile

Also trades on Other OTC · RJIFF (USD) Stock Exchange of Thailand · ROJNA-R.BK (THB) Stock Exchange of Thailand · ROJNA.BK (THB)
Description

Founded in 1988 and headquartered in Bangkok, Thailand, Rojana Industrial Park Public Company Limited is a diversified enterprise. Its core business involves the development and management of industrial estates in prominent provinces such as Ayutthaya, Rayong, and Chonburi. Complementing these real estate ventures, the company provides crucial infrastructure services including water supply and wastewater treatment. Rojana is also active in the energy sector, generating and selling electricity, primarily from solar cell systems, throughout Thailand. The company's operations are structured across several key segments: Real Estate Development and Related Services, Electricity Generating, Industrial Water Production and Distribution, Rental Services, and Medical Services. Beyond industrial park management, Rojana extends its offerings to direct medical services, cultivates a range of spices, aromatic plants, and pharmaceutical crops, and manufactures products derived from plants and animals for disease treatment, in addition to providing consulting and advisory services.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
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
Averages
Trend
Price
Levels
Draw
THB6.00 +0.05 (+0.84%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.15
Float Shares
608.85M
Free Float %
30.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.98% +3.48% -4.72% -6.48% +14.77% +14.77% +10.75% -13.68% -24.06% +1.00% -60.11%
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
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.00
DCF (Unlevered) 38.78 +546.4%
DCF (Levered) 30.29 +404.9%

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) 50% Bullish
Rating 2026-03 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.48
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Independent Power Producers: +3.4%
    -23.0% Q1'26: -5.6% (vs Q1'25)
  • ✗
    EPS growth Independent Power Producers: -2.8%
    -103.2% Q1'26: +647.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Independent Power Producers: +37.9%
    +5.0% Q1'26: +22.4% (vs Q1'25)
  • ✗
    EBIT margin Independent Power Producers: +18.7%
    +4.0% Q1'26: +85.6% (vs Q1'25)
  • ✗
    ROIC Independent Power Producers: +4.3%
    +2.1% Q1'26: +34.2% (vs Q1'25)
  • ✓
    Share dilution Independent Power Producers: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Independent Power Producers: 3.09×
    7.22× ★ Q1'26: 1.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.08) × ERP
WACC = 39% × Ke + 61% × Kd (5.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 39.44 Current price: 6.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

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
2 Rev. Ana.
2 EPS Ana. 		Dec 2027
2 Rev. Ana.
2 EPS Ana.
Revenue
16.34B
est: 11.12B (+47.0%)
9.76B
est: 9.76B (+0.0%)
10.87B
est: 9.73B (+11.7%)
11.71B
est: 11.50B (+1.8%)
12.30B
est: 12.39B (-0.7%)
12.15B
est: 11.94B (+1.8%)
12.56B
est: 12.15B (+3.4%)
17.17B
est: 16.50B (+4.1%)
19.29B
est: 18.32B (+5.3%)
19.69B
est: 19.18B (+2.6%)
15.16B
est: 17.94B (-15.5%)
13.41B
12.03B – 14.80B
-25.2% YoY
12.56B
10.97B – 14.14B
-6.4% YoY
EBITDA
4.50B
est: 2.88B (+56.3%)
3.19B
est: 2.53B (+26.1%)
4.13B
est: 2.52B (+64.1%)
3.58B
est: 2.98B (+20.1%)
3.19B
est: 3.21B (-0.6%)
3.62B
est: 3.09B (+17.0%)
3.33B
est: 3.15B (+5.8%)
2.83B
est: 4.27B (-33.7%)
3.87B
est: 4.19B (-7.5%)
7.22B
est: 4.38B (+64.6%)
2.21B
est: 4.10B (-46.1%)
3.07B
2.75B – 3.38B
-25.2% YoY
2.87B
2.51B – 3.23B
-6.4% YoY
EBIT
2.18B
est: -3.42B (+163.9%)
1.59B
est: -3.00B (+153.2%)
2.96B
est: -2.99B (+198.9%)
2.26B
est: -3.53B (+163.9%)
3.72B
est: -3.81B (+197.6%)
3.15B
est: -3.67B (+185.8%)
3.69B
est: -3.73B (+198.8%)
2.24B
est: -5.07B (+144.1%)
2.14B
est: -3.54B (+160.5%)
5.45B
est: -3.70B (+247.1%)
602.84M
est: -3.46B (+117.4%)
-2.59B
-2.86B – -2.32B
+25.2% YoY
-2.42B
-2.73B – -2.12B
+6.4% YoY
Net Income
697.54M
est: 1.19B (-41.5%)
116.25M
est: 116.25M (+0.0%)
1.31B
est: 1.33B (-1.0%)
671.21M
est: 656.61M (+2.2%)
1.84B
est: 1.77B (+3.7%)
1.89B
est: 707.16M (+167.3%)
1.94B
est: 2.17B (-10.7%)
1.14B
est: 250.01M (+355.9%)
980.15M
est: 1.70B (-42.4%)
3.85B
est: 1.84B (+109.6%)
-125.07M
est: 1.01B (-112.4%)
1.21B
1.02B – 1.41B
+20.0% YoY
1.01B
821.32M – 1.20B
-16.7% YoY
SGA
1.51B
est: 476.05M (+217.0%)
445.00M
est: 417.90M (+6.5%)
698.77M
est: 416.57M (+67.7%)
597.70M
est: 492.58M (+21.3%)
601.86M
est: 530.64M (+13.4%)
550.23M
est: 511.20M (+7.6%)
496.39M
est: 520.22M (-4.6%)
663.82M
est: 706.35M (-6.0%)
800.69M
est: 841.34M (-4.8%)
967.01M
est: 880.83M (+9.8%)
921.35M
est: 823.71M (+11.9%)
615.80M
552.17M – 679.43M
-25.2% YoY
576.49M
503.64M – 649.34M
-6.4% YoY
EPS
0.36
est: 0.59 (-39.0%)
0.14
est: 0.06 (+143.3%)
0.65
est: 0.66 (-1.0%)
0.33
est: 0.32 (+1.5%)
0.91
est: 0.88 (+3.7%)
0.94
est: 0.35 (+168.6%)
0.96
est: 1.07 (-10.7%)
0.56
est: 0.12 (+352.6%)
0.49
est: 0.84 (-41.8%)
1.91
est: 0.91 (+109.9%)
-0.06
est: 0.50 (-112.4%)
0.60
0.50 – 0.70
+20.0% YoY
0.50
0.41 – 0.59
-16.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-19 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-18 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-15 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-14 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-13 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-12 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-11 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-08 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-07 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-06 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-05 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-04-30 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-29 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-28 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-27 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-23 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-22 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-21 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-20 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-17 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-16 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-248.27M
OE per share TTM
-0.12
Owner's Yield
-2.43%
Maintenance CapEx ratio
18.83%
Maint CapEx / Avg PPE
125.0%

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 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 112.0K 0.65%
2 Dimensional - Emerging Markets Value ETF DFEV 0.00% 67.8K 0.46%
3 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 170.9K 0.39%
4 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 107.8K 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
3.41M
Shares Outstanding
2.02B

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

NameTitleCompensationGender
Chai Vinichbutr MD, Deputy Chief Executive Officer & Director 600.0K male
Direk Vinichbutr Chief Executive Officer, Authorized Director & Director 600.0K male
Kuniaki Hayashi Manager of Marketing & Director — male
Pongsri Sunaiyos Chief Accountant — 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

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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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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