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BROCK.BK — SET (Bangkok) Real Estate Rental, Development & Operations

Baan Rock Garden PCL

$1,22
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THB
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Mcap
1,3B THB
P/E
—
EV / Rev
13,9x
Div yield
0,00 %
Op margin
-33,1 %
ROE
-0,2 %
Net margin
-22,5 %
Debt / equity
0,00
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
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Ex-dividend
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TR 1Y
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About

Baan Rock Garden PCL operates in the real estate rental, development, and operations sector, generating revenue primarily through property development and management.

Business. Baan Rock Garden PCL (BROCK.BK) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand. Specific details regarding operating segments or geographic revenue breakdowns are not available.

Classification92 %
SectorReal Estate
IndustryReal Estate Rental, Development & Operations
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-0,2 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning BROCK.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to BROCK.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Baan Rock Garden PCL (BROCK.BK) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand. Specific details regarding operating segments or geographic revenue breakdowns are not available.

    Classification92 %
    SectorReal Estate
    IndustryReal Estate Rental, Development & Operations
    AI synthesis
    GENERATED

    Baan Rock Garden PCL maintains a strong liquidity position, with a current ratio of 13.6, indicating a significant buffer of current assets over current liabilities. The company's price-to-book ratio of 0.97 suggests that the market values the company slightly below its book value, which may reflect concerns over its profitability or asset quality.

    Profitability metrics are weak, with a negative return on equity of -0.0023 and a negative return on assets of -0.0022, indicating that the company is not generating returns for shareholders or effectively utilizing its assets. The operating loss of 4,205,650 THB and a net loss of 2,863,750 THB further underscore the company's financial challenges.

    The company's revenue is concentrated in a single business segment, as no segmental breakdown is provided in the available data. Geographically, the company's exposure is not specified, but the absence of segmental or geographic diversification may increase its vulnerability to localized market risks.

    The company's growth trajectory is uncertain, with no specific outlook provided for the current or next fiscal year. The negative operating and net income, combined with a negative operating cash flow of 4,993,780 THB, suggest that the company may face challenges in sustaining or growing its operations.

    Risk factors are currently low, with no immediate filing-based liquidity or dilution flags detected. The company's debt-to-equity ratio of 0.0 indicates no leverage, which reduces financial risk but may also limit growth opportunities.

    Recent events, including filings and transcripts, have not been disclosed in the available data, making it difficult to assess any recent developments that may impact the company's performance.

    Key takeaways
    • The company has a strong liquidity position, as evidenced by a high current ratio of 13.6.
    • Profitability is weak, with negative returns on equity and assets.
    • The company is not leveraging debt, which reduces financial risk but may also limit growth.
    • The absence of segmental and geographic diversification increases vulnerability to localized market risks.
    • No immediate liquidity or dilution risks are identified.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue surged 86.4% year-over-year to THB 85.5 million, demonstrating significant top-line growth momentum in the latest fiscal period.

    The company maintains a zero debt-to-equity ratio, ranking in the top quartile of its real estate cohort for financial leverage.

    Cash conversion of 1.74 significantly exceeds the cohort median of 0.29, indicating superior efficiency in generating cash from operations.

    Free cash flow improved by 52.1% year-over-year, reaching THB 16.4 million in the most recent fiscal year reported.

    Dilution and liquidity risks are assessed as low, suggesting a stable capital structure and adequate market trading conditions.

    BEAR CASE · 3

    Revenue has declined at a compound annual growth rate of -23.4% over the past four years, indicating a long-term downward trend.

    Return on equity is negative at -0.23%, falling below the cohort median of 1.94% and failing to generate value for shareholders.

    The company faces high credit risk, which may impair its ability to secure financing or maintain favorable terms with creditors.

    In focus — financials by report

    Valuation FY

    Market price
    $1,22
    Market cap
    $1.22B
    Enterprise valueⓘ
    $1.19B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    13.9x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    1.0x
    P / Tangible bookⓘ
    1.0x
    Tangible book
    $1.26B
    Net cashⓘ
    $33.9M
    Current ratioⓘ
    13.6
    Debt / equityⓘ
    0.0
    ROAⓘ
    -0.2%
    ROEⓘ
    -0.2%
    Cash conversionⓘ
    174.0%
    CapEx / revenueⓘ
    -0.5%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin-33,1 %Bottom quartile
    Net Margin-22,5 %Bottom quartile
    ROE-0,2 %Below median
    Capex / Rev-0,5 %Above median
    D/E0,00Above P75
    Cash Conv1,74Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • Baan Rock Garden PCL Market data — financials · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    BROCK.BKCanonical
    SET (Bangkok) · THB

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage