Pinthong Industrial Park PCL
Pinthong Industrial Park PCL develops, owns, and operates industrial parks and real estate properties in Thailand, generating revenue primarily through property rentals and development fees.
Business. Pinthong Industrial Park PCL (PIN.BK) is a real estate company engaged in the rental, development, and operations of industrial properties. The firm generates revenue primarily through rental income and is listed on the Stock Exchange of Thailand. Specific details regarding operating segments and geographic concentrations are not provided in the available data.
Analyst recommendations
2 analysts · consensus BuyAt a glance
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
Pinthong Industrial Park PCL (PIN.BK) is a real estate company engaged in the rental, development, and operations of industrial properties. The firm generates revenue primarily through rental income and is listed on the Stock Exchange of Thailand. Specific details regarding operating segments and geographic concentrations are not provided in the available data.
Pinthong Industrial Park PCL maintains a strong liquidity position with a current ratio of 7.04, indicating a robust ability to meet short-term obligations. The company holds cash and equivalents of 586.51 million THB, but its net cash position is negative after subtracting total debt, which may signal potential liquidity constraints in the medium term.
Profitability metrics show a return on equity (ROE) of 10.99% and a return on assets (ROA) of 7.23%, both of which are above the industry median for real estate rental and development firms. This suggests that the company is effectively utilizing its equity and asset base to generate returns.
The company's revenue is concentrated in its core real estate operations, with no disclosed geographic diversification beyond Thailand. This concentration may expose the company to local economic and regulatory risks, particularly in the industrial property market.
Looking ahead, the company is expected to maintain a stable growth trajectory, with no significant changes in revenue or operating performance projected for the next fiscal year. Capital expenditures remain low at -9.895 million THB, indicating a conservative approach to reinvestment.
Risk factors include a medium liquidity risk due to the negative net cash position and a debt-to-equity ratio of 0.38, which is relatively low but could increase if debt levels rise. The company has a low dilution risk, with no near-term pressure from share issuance or dilutive events.
Recent events include analyst price targets ranging from 5.42 THB to 5.60 THB, with a mean recommendation of 2.00, indicating a generally positive outlook from the investment community. No recent filings or transcripts have been disclosed that would suggest material changes in the company's operations or strategy.
- Pinthong Industrial Park PCL has a strong current ratio of 7.04, indicating solid short-term liquidity.
- The company's ROE of 10.99% and ROA of 7.23% are above industry medians, reflecting strong profitability.
- Revenue is concentrated in Thailand, exposing the company to local market risks.
- Analysts have a generally positive outlook, with a mean price target of 5.51 THB.
- The company has a low dilution risk and a conservative capital expenditure strategy.
Bull / Bear case
Generated · model-assistedAnalysts project 33% upside to a mean price target of 5.51 THB, signaling strong market confidence.
Return on equity of 11% surpasses the 2% cohort median, reflecting effective capital utilization for shareholders.
Debt-to-equity ratio of 0.38 is lower than the 0.52 cohort median, suggesting a conservative leverage profile.
Free cash flow turned negative to -393 million THB in FY0, reversing previous positive generation trends.
Long-term debt increased to 3.8 billion THB in FY0, up from 1.97 billion in FY-2.
The company faces medium liquidity risk, which could constrain operational flexibility during market stress periods.
Medium credit risk flags suggest potential challenges in maintaining current borrowing costs or access to capital.
In focus — financials by report
Revenue THB 1.29B; Operating income THB 648.7M.
- ▍Revenue THB 1.29B
- ▍Operating income THB 648.7M
- ▍Net margin 38.5%
Valuation FY
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,80 |
| Revenue | —no estimate | —no estimate | 3,2B THB |
| Operating income | —no estimate | —no estimate | 1,1B THB |
Options
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Pinthong Industrial Park PCL Market data — financials · 2026-05-28
- Pinthong Industrial Park PCL Market data — analyst estimates · 2026-05-28