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Page: Company Financials

Thailand Hospitality Property Fund

Ticker: TLHPF.BK | Industry: REIT - Industrial | Sector: Real Estate
$3.80 -0.04 (-1.04%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Stock Price 3.36 3.14 7.31 7.74 7.68 8.79 11.33 11.08 10.50 10.45
Market Capitalization 577.92M 540.08M 1,257.75M 1,330.85M 1,320.10M 1,511.46M 1,947.90M 1,904.91M 1,806.00M 1,797.40M
(-) Cash & Equivalents 15.54M 6.16M 3.50M 10.75M 1.96M 3.09M 3.14M 1.69M 25.41M 82.08M
(+) Total Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 562.38M 533.92M 1,254.25M 1,320.10M 1,318.14M 1,508.37M 1,944.76M 1,903.22M 1,780.60M 1,715.33M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Revenue 180M 1M 37M 30M 45M 143M 130M 149M 149M 149M 148M 25M
Cost of Revenue 73M 7M 9M 7M 10M 9M 7M 9M 9M 9M 9M 2M
Gross Profit 107M -6M 27M 24M 35M 134M 123M 140M 139M 140M 139M 24M
Gross Profit Margin 59.3% -474.8% 74.7% 78.0% 77.9% 93.5% 94.5% 93.7% 93.6% 93.9% 93.8% 93.5%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 12M 75M 3M 75M 3M 2M 3M 2M 0M 0M 8M 1M
Operating Expenses 29M 74M 0M 75M 0M 2M 3M 0M 0M 0M 9M 2M
Operating Income (EBIT) 78M -80M 27M -52M 35M 132M 119M 140M 139M 139M 129M 22M
Operating Income Margin 43.3% -6,413.7% 74.6% -171.8% 77.8% 91.9% 91.9% 93.7% 93.5% 93.6% 87.4% 86.7%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 1M 0M
Interest Expense 0M 0M 0M 0M 45M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income 0M 0M 0M 0M -45M 0M 0M 0M 0M 0M 1M 0M
Unusual Items 271M -294M 270M -282M 0M -35M -75M -4M 0M 2M 15M 2M
EBT Excluding Unusual Items 78M -80M 27M -52M -10M 132M 119M 140M 139M 139M 130M 22M
Pre-Tax Income 349M -375M 298M -334M -10M 97M 44M 135M 139M 142M 145M 24M
Pre-Tax Margin 193.8% -29,891.3% 810.5% -1,107.6% -23.5% 67.5% 33.9% 90.8% 93.4% 95.0% 98.0% 93.7%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 4M 0M 0M 0M 0M
Net Income 349M -375M 298M -334M -10M 97M 44M 135M 139M 142M 145M 24M
Net Income Margin 193.8% -29,891.6% 810.5% -1,107.6% -23.5% 67.5% 33.9% 90.8% 93.4% 95.0% 98.0% 93.7%
Depreciation & Amortization 0M 2M -27M 0M 10M 10M 0M 10M 10M 7M 4M 0M
EBITDA 78M -79M 0M -52M 45M 141M 119M 149M 149M 147M 133M 22M
EBITDA Margin 43.3% -6,285.1% 0.0% -172.9% 100.6% 98.5% 91.9% 100.2% 100.1% 98.6% 90.0% 86.8%
NOPAT 78M -64M 27M -41M 27M 132M 119M 136M 139M 139M 129M 22M
NOPAT Margin 43.3% -5,066.8% 74.6% -135.8% 61.5% 91.9% 91.9% 90.9% 93.3% 93.6% 87.4% 86.7%
Owner's Earnings 349M -373M 270M -334M 0M 106M 44M 145M 149M 149M 149M 24M
Owner's Earnings Margin 193.8% -29,763.0% 735.9% -1,108.6% -0.7% 74.2% 33.9% 97.3% 100.0% 100.0% 100.6% 93.8%
EPS (Basic) 2.03 -2.18 1.73 -1.94 -0.06 0.56 0.26 0.79 0.81 0.82 0.84 0.14
EPS (Diluted) 2.03 -2.18 1.73 -1.94 -0.06 0.56 0.26 0.79 0.81 0.82 0.84 0.14
Shares (Basic) 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M
Shares (Diluted) 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M 172M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Cash & Cash Equivalents 10.47M 14.78M 8.11M 4.44M 7.53M 2.22M 1.20M 2.94M 0.66M 3.15M 92.56M 75.58M
Short-Term Investments 0.00M 0.00M 0.00M 2.00M 42.94M 110.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 10.47M 14.78M 8.11M 6.44M 50.48M 113.11M 1.20M 2.94M 0.66M 3.15M 92.56M 75.58M
Net Receivables 0.75M 3.82M 35.54M 0.01M 82.35M 120.83M 94.18M 49.60M 43.60M 32.35M 20.35M 8.37M
Inventory 2.58M 2.87M 0.00M 0.00M 0.00M -110.90M -40.98M -71.87M 0.00M 0.00M 0.00M 5.42M
Other Current Assets 0.00M 0.00M 0.00M -2.00M 20.58M 75.32M 88.32M 150.85M 90.98M 91.01M 91.05M 70.18M
Total Current Assets 13.81M 21.47M 43.65M 4.45M 153.40M 198.36M 142.72M 131.52M 135.23M 126.52M 203.96M 159.55M
Property, Plant & Equipment 0.00M 0.00M 0.00M 1,283.00M 1,565.00M 1,610.00M 1,647.00M 1,722.00M 1,726.00M 1,726.00M 1,723.73M 1,718.02M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 94.82M 88.87M 46.87M 56.82M 42.94M 110.90M 0.00M 71.87M 68.89M 65.89M 62.87M 12.97M
Tax Assets 0.00M 0.00M 0.00M 0.00M 1,718.42M 1,919.45M 1,830.88M 1,924.98M 1,930.20M 1,918.62M 1,899.85M 0.00M
Other Non-Current Assets 1,557.58M 1,557.47M 1,555.84M 2.04M 0.02M 0.19M 41.16M 0.07M 1,726.07M 1,726.22M 1,724.07M 0.43M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 1,652.39M 1,646.34M 1,602.71M 1,341.86M 3,326.39M 3,640.54M 3,519.04M 3,718.92M 5,451.16M 5,436.73M 5,410.52M 1,731.42M
Total Assets 1,666.20M 1,667.80M 1,646.35M 1,346.31M 3,479.79M 3,838.89M 3,661.76M 3,850.44M 5,586.39M 5,563.24M 5,614.47M 1,890.97M
Accounts Payable 2.44M 2.16M 0.00M 0.00M 20.58M 75.32M 47.34M 78.51M 90.98M 91.01M 91.05M 70.18M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.48M 0.00M 0.00M 0.00M -70.18M
Total Current Liabilities 2.44M 2.16M 0.00M 0.00M 20.58M 75.32M 47.34M 78.98M 90.98M 91.01M 91.05M 0.00M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 9.74M 6.91M 1.25M 0.02M 0.00M 0.00M 0.16M 0.00M 0.48M 91.47M 91.07M 70.20M
Total Non-Current Liabilities 9.74M 6.91M 1.25M 0.02M 0.00M 0.00M 0.16M 0.00M 0.48M 91.47M 91.07M 70.20M
Total Liabilities 12.19M 9.07M 1.25M 0.02M 20.58M 75.32M 47.51M 78.98M 91.46M 182.48M 182.11M 70.20M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 117.85M 105.50M 87.15M 0.00M
Common Stock 1,666.68M 1,666.68M 1,702.80M 1,702.80M 1,720.00M 1,720.00M 1,720.00M 1,720.00M 1,720.00M 1,720.00M 1,720.00M 1,720.00M
Retained Earnings -14.87M -10.57M -59.38M -357.32M -23.17M 123.21M 62.51M 125.10M 117.85M 105.50M 87.15M 23.86M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,837.85M 1,825.50M 1,807.15M 0.00M
Minority Interest 0.00M 0.00M 0.00M -6.44M -28.11M -77.53M -48.54M -81.45M -0.66M -3.15M -92.56M 0.00M
Total Shareholders’ Equity 1,651.81M 1,656.11M 1,643.42M 1,345.48M 1,696.83M 1,843.21M 1,782.51M 1,845.10M 3,793.54M 3,756.51M 3,701.46M 1,743.86M
Total Equity 1,651.81M 1,656.11M 1,643.42M 1,339.04M 1,668.72M 1,765.68M 1,733.97M 1,763.66M 3,792.88M 3,753.35M 3,608.90M 1,743.86M
Total Liabilities & Equity 1,664.00M 1,665.17M 1,644.67M 1,339.06M 1,689.30M 1,841.00M 1,781.47M 1,842.64M 3,884.34M 3,935.84M 3,791.01M 1,814.06M
Tangible Assets 1,666.20M 1,667.80M 1,646.35M 1,346.31M 3,479.79M 3,838.89M 3,661.76M 3,850.44M 5,586.39M 5,563.24M 5,614.47M 1,890.97M
Tangible Equity 1,651.81M 1,656.11M 1,643.42M 1,339.04M 1,668.72M 1,765.68M 1,733.97M 1,763.66M 3,792.88M 3,753.35M 3,608.90M 1,743.86M
Tangible Book Value 1,651.81M 1,656.11M 1,643.42M 1,339.04M 1,668.72M 1,765.68M 1,733.97M 1,763.66M 3,792.88M 3,753.35M 3,608.90M 1,743.86M
Total Investments 94.82M 88.87M 46.87M 58.82M 85.89M 221.80M 0.00M 71.87M 68.89M 65.89M 62.87M 12.97M
Net Debt -10.47M -14.78M -8.11M -4.44M -7.53M -2.22M -1.20M -2.94M -0.66M -3.15M -92.56M -75.58M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Working Capital 9.2M 16.7M 42.0M 3.6M 89.0M 122.1M 94.5M 51.6M 43.4M 33.9M 20.2M 12.4M
Total Capital 1,651.8M 1,656.1M 1,643.4M 1,345.5M 1,696.9M 1,843.4M 1,876.9M 1,894.8M 1,972.5M 1,949.0M 1,827.6M 1,743.9M
Capital Employed 1,661.6M 1,663.0M 1,644.7M 1,345.5M 1,697.0M 1,843.2M 1,782.7M 1,845.6M 1,838.3M 1,826.0M 1,807.2M 1,743.9M
Invested Capital 1,641.3M 1,641.3M 1,635.3M 1,341.1M 1,689.3M 1,841.2M 1,875.7M 1,891.8M 1,971.8M 1,945.8M 1,735.0M 1,668.3M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Net Income 349.04M -374.78M 297.93M -334.15M -10.50M 96.83M 44.04M 135.40M 139.11M 141.50M 144.99M 23.86M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.13M 0.15M -0.75M 0.02M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 5.79M 6.78M -34.22M 8.90M 38.74M -26.77M -45.04M -6.00M -11.96M -11.58M -11.71M -7.50M
Accounts Receivable -36.28M 9.11M -35.53M 9.10M 38.48M -26.65M -44.58M -6.00M -11.25M -12.00M 0.02M -0.02M
Inventory -2.58M 0.00M 0.00M 0.00M 54.73M 0.00M -0.45M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.28M -2.00M 0.00M -20.58M -54.73M 0.00M -31.16M -12.00M -0.03M -0.03M 0.00M 0.00M
Other Working Capital 44.37M -0.32M 1.31M 20.38M 0.26M -0.12M 31.16M 12.00M -11.93M 0.03M -11.74M -7.48M
Other Non-Cash Items -244.66M 377.60M -260.04M 339.36M 112.95M -32.92M 105.89M 1.02M -2.88M -5.13M -54.71M -1,730.98M
Net Cash from Operating Activities 110.17M 9.60M 3.67M 14.11M 141.20M 37.14M 104.90M 130.42M 124.27M 124.79M 77.82M -1,714.61M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -408.53M -176.13M -210.84M -260.05M -188.75M -266.70M -310.60M -399.69M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 362.00M 177.00M 224.00M 245.00M 256.99M 197.00M 342.00M 397.81M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -26.30M -4.31M -13.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -72.83M -3.44M 0.00M -15.05M 68.25M -69.70M 31.40M -1.87M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -36.12M 0.00M 0.00M -17.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,720.00M
Common Stock Repurchased -36.12M 0.00M 0.00M -17.20M 0.00M 0.00M 0.00M 0.00M -126.76M -123.15M -81.70M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M -135.88M -36.12M -106.64M -128.14M -126.76M -123.15M -81.70M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M -135.88M -36.12M -106.64M -128.14M -126.76M -123.15M -81.70M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,720.00M
Net Cash from Financing Activities -36.12M 0.00M 0.00M -17.20M -135.88M -36.12M -106.64M -128.14M -126.76M -123.15M -81.70M 1,720.00M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M -68.25M 69.70M -31.40M 1.87M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 0.93M 6.16M 3.67M -3.09M 5.32M 1.02M -1.74M 2.28M -2.50M 1.64M -3.88M 5.39M
Cash at Beginning of Period 53.81M 14.80M 4.44M 7.53M 2.22M 1.20M 2.94M 0.66M 3.15M 1.52M 5.39M 0.00M
Cash at End of Period 54.74M 20.97M 8.11M 4.44M 7.53M 2.22M 1.20M 2.94M 0.66M 3.15M 1.52M 5.39M
Operating Cash Flow 42.67M 9.60M 3.67M 14.11M 141.20M 37.14M 104.90M 130.42M 124.27M 124.79M 77.82M -1,714.61M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 42.67M 9.60M 3.67M 14.11M 141.20M 37.14M 104.90M 130.42M 124.27M 124.79M 77.82M -1,714.61M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
EBITDA 95.29M -79.62M -3.04M -52.15M 41.80M 141.27M 119.28M 147.13M 149.19M 147.22M 134.51M 22.35M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.35M 0.34M 0.00M 0.00M 0.00M
(-) Change In Working Capital 5.79M 6.78M -34.22M 8.90M 38.74M -26.77M -45.04M -6.00M -11.96M -11.58M -11.71M -7.50M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 89.49M -86.40M 31.18M -61.05M 3.06M 168.03M 164.31M 148.78M 160.81M 158.80M 146.22M 29.85M
(-) Net Interest Income After Taxes 0.00M 0.00M 0.00M 0.00M -45.28M 0.00M 0.00M 0.00M 0.00M 0.00M 0.92M 0.16M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 89.49M -86.40M 31.18M -61.05M 48.35M 168.03M 164.31M 148.78M 160.81M 158.80M 145.31M 29.69M