Valuation Noble Development

Stocks

End-of-day quote Thailand S.E. 2026-10-01			5-day change	1st Jan Change
1.400 ^THB	0.00%		-2.10%	-35.19%

08-13	Noble Development Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-15	Noble Development Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	11,320	8,422	7,600	5,368	3,697	2,958
Change	-	-25.6%	-9.76%	-29.37%	-31.12%	-20%
Enterprise Value (EV) ¹	18,651	18,857	19,655	19,693	18,415	15,546
Change	-	1.1%	4.23%	0.19%	-6.49%	-15.58%
P/E	6.03x	9.04x	16.7x	5.94x	8.57x	5.02x
PBR	1.93x	1.5x	1.28x	0.83x	0.59x	0.44x
PEG	-	-0.2x	-0.3x	0.1x	-0.2x	0.1x
Capitalization / Revenue	1.06x	1.23x	0.93x	0.59x	0.34x	0.43x
EV / Revenue	1.74x	2.76x	2.39x	2.18x	1.67x	2.24x
EV / EBITDA	7.71x	28.4x	28.2x	25.1x	30.7x	-49.9x
EV / EBIT	7.85x	32.1x	40.1x	27.6x	32.6x	-42x
EV / FCF	5.02x	-10.8x	-	-10.1x	27.2x	7.3x
FCF Yield	19.9%	-9.3%	-	-9.92%	3.67%	13.7%
Dividend per Share ²	0.87	0.43	0.2	0.399	0.189	-
Rate of return	10.5%	6.99%	3.6%	10.2%	7%	-
EPS ²	1.372	0.68	0.3322	0.66	0.3151	0.43
Distribution rate	63.4%	63.2%	60.2%	60.5%	60%	-
Net sales ¹	10,723	6,827	8,215	9,054	10,995	6,930
EBITDA ¹	2,419	664.9	697.6	785.1	599.6	-311.8
EBIT ¹	2,377	587.4	490.7	713.7	564.2	-369.9
Net income ¹	1,878	931.8	454.9	910.4	431.6	593.1
Net Debt ¹	7,331	10,435	12,054	14,325	14,717	12,588
Reference price ²	8.267	6.150	5.550	3.920	2.700	2.160
Nbr of stocks (in thousands)	1,369,414	1,369,414	1,369,414	1,369,414	1,369,414	1,369,414
Announcement Date	2/25/21	2/24/22	2/22/23	2/27/24	3/3/25	3/2/26

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NOBLE DEVELOPMENT	-	-	-	-	56.95M
VINGROUP	59.48x	-	-	-	63.49B
SUN HUNG KAI PROPERTIES LIMITED	14.08x	4.56x	12.27x	3.6%	40.07B
EMAAR PROPERTIES	5.57x	0.72x	1.48x	8.83%	27.24B
CHINA RESOURCES LAND LIMITED	8.36x	1.48x	8.21x	4.24%	27.77B
MITSUBISHI ESTATE CO., LTD.	17.75x	3.94x	15.83x	1.38%	27.44B
MITSUI FUDOSAN CO., LTD.	13.63x	3.06x	14.66x	2.56%	25.21B
VINHOMES	9.18x	3.48x	7.7x	-.--%	21.62B
ALPHA DHABI HOLDING	8.03x	0.89x	3.24x	2.78%	20.54B
CK ASSET HOLDINGS LIMITED	10.37x	2.04x	8.39x	4.05%	20.85B
Average	16.27x	2.52x	8.97x	3.43%	27.43B
Weighted average by Cap.	22.37x	2.68x	9.36x	3.54%