Central Pattana Public Company Limited (CPN-R.BK) stock analysis

In our weekly check, Central Pattana Public Company Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3.

About Central Pattana Public Company Limited

Central Pattana Public Company Limited is a Real Estate company (Real Estate - Development), listed on SET as CPN-R.BK.

What our checks show for CPN-R.BK

Red flags

• The stock has fallen as much as 88% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 6.9 years.
• Thinly traded (about 0 thousand shares a day): buying and selling can move the price.

Warning signs

• Net debt is 3x a year of EBITDA (debt/equity 1.12). That limits room in a downturn and raises refinancing risk.
• Analysts expect only about 4.8% a year of growth in revenue.
• Analysts expect the net margin to shrink by 0.6 points from today's 35.7%.
• Return on capital (ROCE) is only 9.5%.

Strengths

• The net margin rose by 7.7 points over 5 years, to 35.7%.
• The gross margin is 49.2% and has risen by 7 points: pricing power is holding.
• Operating cash flow is 2.07x net profit: the profit arrives as real cash.
• Revenue grew 16.4% a year over the last 3 years.
• Earnings per share grew 22.9% a year over the last 3 years.
• Net profit grew 23% a year over the last 3 years.

Similar companies

0016.HK · 1109.HK · GODREJPROP.NS · 1113.HK · 0688.HK · OBEROIRLTY.NS

Questions

What grade does Central Pattana Public Company Limited (CPN-R.BK) have?

In our weekly check, Central Pattana Public Company Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CPN-R.BK stock?

This week's biggest flags for Central Pattana Public Company Limited: Deep past fall, Slow recovery after falls, Thinly traded. In total 7 of 25 checks show a warning or a red flag.

What does Central Pattana Public Company Limited do?

Central Pattana Public Company Limited is a Real Estate company (Real Estate - Development), listed on SET as CPN-R.BK.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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