L

Land and Houses PCL
SET:LH

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Land and Houses PCL
SET:LH
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Price: 4 THB Market Closed
Market Cap: ฿47.8B

Gross Margin

25.7%
Current
Declining
by 3%
vs 3-y average of 28.7%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
25.7%
=
Gross Profit
฿5.5B
/
Revenue
฿21.4B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
25.7%
=
Gross Profit
฿5.5B
/
Revenue
฿21.4B

Peer Comparison

Country Company Market Cap Gross
Margin
TH
Land and Houses PCL
SET:LH
47.8B THB
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HK
Sun Hung Kai Properties Ltd
HKEX:16
362.8B HKD
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VN
Vingroup JSC
VN:VIC
1 002.6T VND
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HK
China Resources Land Ltd
HKEX:1109
223.9B HKD
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HK
China Overseas Land & Investment Ltd
HKEX:688
161.2B HKD
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HK
Henderson Land Development Co Ltd
HKEX:12
153.4B HKD
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IN
DLF Ltd
NSE:DLF
1.6T INR
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VN
Vinhomes JSC
VN:VHM
400.9T VND
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CN
China Merchants Shekou Industrial Zone Holdings Co Ltd
SZSE:001979
98.9B CNY
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CN
Poly Developments and Holdings Group Co Ltd
SSE:600048
85.8B CNY
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HK
Wharf Holdings Ltd
HKEX:4
79.6B HKD
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Market Distribution

In line with most companies in Thailand
Percentile
53rd
Based on 889 companies
53rd percentile
25.7%
Low
-1 953.8% — 15.7%
Typical Range
15.7% — 34.4%
High
34.4% — 757.3%
Distribution Statistics
Thailand
Min -1 953.8%
30th Percentile 15.7%
Median 23.9%
70th Percentile 34.4%
Max 757.3%

Land and Houses PCL
Glance View

Market Cap
47.8B THB
Industry
N/A

Land and Houses Public Company Limited (LH) stands as a prominent force in Thailand's real estate sector, with a legacy dating back to its founding in the 1970s. The company has expertly navigated the evolving dynamics of the property market, crafting a portfolio that spans residential developments, including single-detached houses, townhouses, and condominiums. By identifying and capitalizing on prime locations, LH caters to a diverse clientele, ranging from the upper-middle class to luxury segments, ensuring steady demand for its high-quality housing solutions. The strategic foresight of LH to invest in prime locations has resulted in significant capital appreciation, making it a go-to choice for residents and investors alike. Beyond residential developments, LH has diversified its revenue streams to include recurring income from its stakes in retail and hospitality segments. The company owns and operates shopping centers and manages premium serviced apartments, which provide a steady flow of rental income and reduce reliance on property sales alone. This strategy has allowed LH to build a resilient business model, capable of withstanding cyclical downturns in the real estate market. By maintaining a well-rounded portfolio and prioritizing customer satisfaction, LH ensures a robust financial performance, reinforcing its position as a leader in Thailand's real estate landscape.

LH Intrinsic Value
5.42 THB
Undervaluation 26%
Intrinsic Value
Price
L
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
25.7%
=
Gross Profit
฿5.5B
/
Revenue
฿21.4B
What is Land and Houses PCL's current Gross Margin?

The current Gross Margin for Land and Houses PCL is 25.7%, which is below its 3-year median of 28.7%.

How has Gross Margin changed over time?

Over the last 3 years, Land and Houses PCL’s Gross Margin has decreased from 31.9% to 25.7%. During this period, it reached a low of 25.7% on Oct 30, 2025 and a high of 32.1% on Dec 31, 2022.

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