Central Pattana (CPN) operates in retail property for rent, which comprises of large-scale shopping complexes and other supportive businesses. Its portfolio comprises of shopping centers, offices, hotels, residential buildings and recreational parks. In addition, the company invests in retail growth property fund and acts as a property manager of the fund.
Let's look at the price ratios. Its YTD P/E ratio is 27.31, compared to sector average of 17.04. Its YTD P/B ratio is 4.85, compared to sector average of 1.72. Its dividend yield is 1.48, compared to sector average of 1.23.
P/B ratio
P/E ratio
Looking at financial ratios. The changes over the three year period are minor.
| Ratios |
2016 |
2015 |
2014 |
| Current Ratio (X) |
0.45 |
0.47 |
0.5 |
| ROE (%) |
18.87 |
18.12 |
18.93 |
| ROA (%) |
11.24 |
10.37 |
11.39 |
| D/E (X) |
0.99 |
1.22 |
1.15 |
| Total Asset Turnover (X) |
0.29 |
0.28 |
0.3 |
| Gross Profit Margin (%) |
49.19 |
47.97 |
47.93 |
| EBIT
Margin (%) |
38.74 |
37.4 |
38.29 |
Net Profit Margin (%)
|
30.7 |
29.6 |
29.5 |
The stock price has moved up over the past three months, from around 55 to 70. The stock looks overvalued in June 2017
The material and aggregation is excellent and telltale as comfortably. value investing
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