Valuation: Noble Development

Market Cap 2.53B 76.85M 66.48M 62.08M 56.95M 107M 7.31B 109M 728M 286M 3.67B 289M 282M 12.12B P/E 2024
8.57x
P/E 2025 5.02x
Enterprise Value 15.12B 459M 397M 371M 340M 639M 43.66B 649M 4.35B 1.71B 21.88B 1.72B 1.68B 72.34B EV / Sales 2024
1.67x
EV / Sales 2025 2.24x
Free-Float
45.01%
Yield 2024
7%
Yield 2025 -
05-15 Noble Development Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
03-11 Noble Development Public Company Limited Proposes Omission of Dividend Payment for the Year Ended December 31, 2025 CI
03-02 Noble Development Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2025 CI
03-01 Noble Development reports full-year profit attributable of 593.1 million baht RE
01-18 Frank Fung Kuen Leung completed the acquisition of 13.84% stake in Noble Development Public Company Limited. CI
11-30 Prestige Investment Management Limited proposed to acquire 15% stake in Noble Development Public Company Limited. CI
11-13 Noble Development posts qtrly profit 675.1 million baht RE
11-13 Noble Development posts qtrly total revenue 2,152.1 mln Baht RE
11-13 Noble Development Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
11-13 Noble Development Public Company Limited Approves Board and Committee appointments CI
25-10-31 Noble Development Public Company Limited Announces Resignation of Thianthan Chalermsaphayakorn from Director, Member of Subcommittees and the Executive, Effective October 31, 2025 CI
25-10-02 Noble Development appoints Thippawan Karoonsatitchai as CFO RE
25-10-02 Noble Development Public Company Limited Announces the Change of Designation of Thippawan Karoonsatitchai from Acting Chief Financial Officer to Chief Financial Officer, Effective October 1, 2025 CI
Manager TitleAgeSince
Chief Executive Officer 49 2017-12-31
Chief Executive Officer 56 2019-03-31
Director of Finance/CFO 50 2024-01-16
Director TitleAgeSince
Chairman 56 2019-03-31
Director/Board Member 54 2022-02-23
Director/Board Member 49 2017-12-31
Change 5-day change 1-year change 3-year change Capi.($)
-12.08%+3.64% - - 76.85M
-1.74%+0.42%+267.52%+553.50% 61.52B
-5.32%-1.42%+54.01%+140.92% 22.88B
-0.21%-1.50%-26.31%-1.73% 20.65B
-0.60%-0.15%-11.92%+110.44% 14.57B
-0.43%-2.24%-21.29%-17.83% 8.45B
-5.23%-3.92%+11.17%+47.02% 5.96B
-1.23%-3.59%-50.08%-78.10% 5.34B
-0.38%-1.50%-27.84%-19.35% 4.61B
+2.43%+3.97%+2.82%-8.91% 3.92B
Average -2.47%-0.26%+22.01%+80.66% 16.43B
Weighted average by Cap. -1.86%+0.33%+111.41%+259.86%

Financials

2024 2025
Net sales 10.99B 334M 289M 269M 247M 465M 31.74B 472M 3.16B 1.24B 15.91B 1.25B 1.23B 52.6B 6.93B 210M 182M 170M 156M 293M 20.01B 298M 1.99B 782M 10.03B 789M 772M 33.15B
Net income 432M 13.09M 11.32M 10.57M 9.7M 18.25M 1.25B 18.54M 124M 48.7M 624M 49.16M 48.08M 2.06B 593M 17.99M 15.56M 14.53M 13.33M 25.08M 1.71B 25.48M 171M 66.93M 858M 67.57M 66.09M 2.84B
Net Debt 14.72B 446M 386M 361M 331M 622M 42.49B 632M 4.23B 1.66B 21.3B 1.68B 1.64B 70.41B 12.59B 382M 330M 308M 283M 532M 36.34B 541M 3.62B 1.42B 18.22B 1.43B 1.4B 60.22B
Logo Noble Development
Noble Development Public Company Limited is a real estate project developer. The principal business operations of the Company and its subsidiaries are development of real estate for sale, providing construction, rental and service, and construction consulting services in Thailand. Its segments include Condominium, House and land, Rental and service business, and others. Its projects consist of single detached house, condominium, townhouse, and land plot. The single detached house projects include Noble Tara Ekamai-Rama 9, Noble Tara Ngamwongwan, Noble Tara Pattanakarn, Noble Tara Ngamwongwan 2, Noble Wana Pinklao, Noble Wana Watcharapol, and others. The condominium projects are in the city center and areas along the BTS infrastructure, including Noble Ora Condo, Noble Lite, Noble 09, Noble Ambience Sarasin, Noble Remix, Noble Solo, and others. The Company also operates other businesses such as property rental and service, and property services after transfer of ownership.
Employees
305