Company Summary
PACE PACE DEVELOPMENT CORPORATION PUBLIC COMPANY LIMITED
Property & Construction/Property Development
SET
CG Report:   -
NC 02 Sep 2020
  Data as of 11 Aug 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
0.03 -  /  - - - 14,373.42 - - -3,592.04 -
News
Date/Time Subject
05 Aug 2022 21:36   Informing the change of main secured creditor of Pace Development Corporation Public Company Limited and Pace Country Club Company Limited
01 Aug 2022 17:00   Listed companies that fails to submit information and report under section 56 as of July 31, 2022
12 Jul 2022 12:35   Report on the results of the Exercise of PACE-W3 and PACE-W2 (F53-5)
08 Jul 2022 08:24   Trading Suspension and termination of listing status of PACE-W3
01 Jul 2022 17:40   Notification the final exercise and request for suspension of PACE-W3
more

Company Profile
Address No. 53 Sivatel Tower, 16th Floor, Room No. 1606, Wireless Road, Lumpini Subdistrict, Pathumwan District Bangkok 10330
Telephone 0-2118-9599
Fax 0-2118-9598
URL http://www.pacedev.com
  Annual Report 2019
Establish Date 1/9/2003 Listed Date 07/08/2013
IPO Price (Baht) 3.50 @Par1.00 Baht
IPO Financial Advisory
  • ASIA PLUS ADVISORY COMPANY LIMITED
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Business
    The Company is engaged in high-end real estate development, lifestyle retail gourmet food and beverages including the ownership of global brand Dean & DeLuca Inc., USA. Currently, PACE is developing MahaNakhon, a mixed-use project that consists of 5 star luxury boutique hotel (The Bangkok Edition), super-luxury residential condominium (The Ritz-Carlton Residences, Bangkok) and lifestyle retail center (MahaNakhon CUBE, Retail Hill, and Sky Observation Deck) located on Narathiwas-Rajanagarindra Road, and developing Nimit Langsuan project, a super-luxury condominium on Langsuan Road, and MahaSamutr project, resort-style luxury villas and luxurious country club, located in Hua Hin district, Prachaubkhirikhan province.

    Free Float 26 Mar 2019 29 Mar 2018
    % /Shareholders
    51.31% 5,100 47.02% 6,092
    Foreign Shareholders 15.72% (As of 11/08/2022) Foreign Limit 49.00%
    NVDR Shareholders  1.76% (As of 11/08/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - -1.98 -1.45
    20 Days - -5.44 -4.00
    60 Days - -1.96 -0.55
    120 Days - 2.31 4.74
    YTD - -2.27 2.18
    P/E (X) - 20.35 18.39
    P/BV (X) - 1.33 1.70
    Turnover Ratio (%) - 0.17 0.93

    Top 10 Major Shareholders(@16 Mar 2020) Share %
    1. นาย สรพจน์ เตชะไกรศรี 3,877,494,423 26.98
    2. นาย VIWAT KRAIPISITKUL 850,974,012 5.92
    3. LGT BANK (SINGAPORE) LTD 643,511,000 4.48
    4. MR. JIRAWUD KUVANANT 623,408,300 4.34
    5. นาย VARIT BULAKUL 607,513,715 4.23
    6. นาง จารุณี ชินวงศ์วรกุล 547,834,585 3.81
    7. นาย ก่อศักดิ์ ไชยรัศมีศักดิ์ 546,850,000 3.80
    8. UOB KAY HIAN PRIVATE LIMITED 500,000,000 3.48
    9. MRS. YUPA TECHAKRAISRI 400,373,627 2.79
    10. บริษัท บรุ๊คเคอร์ กรุ๊ป จำกัด (มหาชน) 391,000,000 2.72

    Management Position
    1. Mr. KRAITHIP KRAIRIKSH CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    2. Mr. SORAPOJ TECHAKRAISRI CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. CHUMPOL TECHAKRAISRI DIRECTOR
    4. Mr. PORNSON PATANASIN DIRECTOR
    5. Mr. WISIT KANJANOPAS DIRECTOR
    6. MRS. LADDA SIRIWATTANAKOSOL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. SARUNTHORN CHUTIMA INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    11 Aug 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 14,373.42  14,373.42  14,373.42 
    Market Cap (MB.) -  -  - 
    Price (B./share) 0.03  0.03  0.03 
    BVPS (B./Share) -0.41  -0.17  -0.09 
    P/BV (X) -  -  - 
    P/E (X) -  -  - 
    Turnover Ratio (%) N/A  N/A  13.62 
    Value Trade/Day (MB.) -  -  0.35 
    Beta -  -  - 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) 0.00  0.00  -57.14 
    Dividend Yield (%) -  -  - 
    Payout Ratio -  -  - 
    Dividend Policy At least 40 percent of the net profits after deductions of corporate income tax and legal reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    No Information Found
     
    Auditor
    (Effective Until 31/12/2019)
    MISS SIRAPORN OUAANUNKUN/EY OFFICE LIMITED
    MRS. CHONLAROS SUNTIASVARAPORN/EY OFFICE LIMITED
    Mr. CHATCHAI KASEMSRITHANAWAT/EY OFFICE LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Disclaimer with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 245.41 273.60 1,278.06 1,202.39
    A/R Net 444.57 608.13 886.72 80.10
    Inventories 8,188.77 8,133.95 9,724.13 12,563.47
    Current Assets 9,331.27 9,506.94 12,718.81 14,342.08
    PP&E Net 2,246.11 2,677.43 3,626.50 3,530.67
    Non-Current Assets 4,894.22 8,353.22 8,893.06 18,080.54
    Total Assets 14,225.50 17,860.16 21,611.88 32,422.63
    OD 2,659.51 2,304.53 3,058.56 4,340.70
    A/P Net 3,021.10 3,286.79 2,749.77 2,768.86
    Current portion of LT 10,818.54 9,219.56 9,737.49 9,387.85
    Current Liabilities 19,453.99 17,829.71 18,876.52 19,959.26
    Non-Current Liabilities 637.12 609.66 1,470.29 10,201.44
    Total Liabilities 20,091.10 18,439.37 20,346.81 30,160.69
    Authorized Capital 26,783.43 26,783.43 16,782.65 16,782.65
    Paid-Up Capital 14,373.42 14,373.42 12,038.69 3,758.03
    Premium (Discount) on Share Capital -2,010.35 -2,010.35 -255.32 3,846.81
    Retained Earnings (Deficit) -17,481.71 -12,322.94 -9,955.45 -4,572.13
    Treasury Stock - - - -
    Shares Of The Company Held By Subsidiaries - - - -
    Other Components Of Equity -746.96 -619.34 -562.86 -785.76
     - Surplus (Deficits) -939.47 -939.47 -1,004.92 -1,000.85
    Shareholders' Equity -5,865.61 -579.21 1,265.06 2,246.94
    Minority Interest - - 0.00 14.99
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    Statement of Comprehensive Income (MB.) 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 402.30 1,860.32 8,549.09 9,114.27
    Other Income 12.25 286.27 117.94 52.99
    Total Revenues 420.56 2,153.82 8,813.45 9,270.89
    Costs 327.02 1,122.40 5,951.55 6,138.22
    Selling And Administrative Expenses 715.54 2,468.75 3,674.40 5,812.45
    Total Cost And Expenses 4,195.18 3,881.43 9,625.95 14,306.73
    EBITDA -3,592.04 -1,459.93 -4,020.81 -4,764.40
    Depre. & Amor. 182.59 201.30 371.23 282.79
    EBIT -3,774.63 -1,661.23 -4,392.04 -5,047.19
    Net Profit : Owners Of The Parent -5,282.31 -2,421.45 -5,155.52 171.12
    EPS (B.) -0.37 -0.19 -0.47 0.05
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    Statement of Cash Flow (MB.) 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow -186.16 -1,141.83 218.12 -542.52
    Investing Cash Flow 317.41 -302.36 2,442.04 3,503.56
    Financing Cash Flow -172.73 346.29 -2,579.15 -2,451.10
    Net Cash Flow -41.47 -1,097.90 81.02 509.94
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    Annualized: ROE, ROA
    Ratios 2020  2019  2018 
    Current Ratio (X) 0.48 0.53 0.67
    ROE (%) - -706.11 -293.59
    ROA (%) -23.53 -8.42 -16.26
    D/E (X) - - 16.08
    Total Asset Turnover (X) 0.03 0.11 0.33
    Gross Profit Margin (%) 18.71 39.67 30.38
    EBIT Margin (%) -897.53 -77.13 -49.83
    Net Profit Margin (%) -1,256.03 -112.43 -58.47

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    14 Aug 2019 XR 2,334,724,388 14,373,415,260 1.00

    Growth Rate (%) 2020  2019  2018 
    Sales Growth -78.37 -78.24 -6.20
    COGs Growth -70.86 -81.14 -3.04
    Total Revenue Growth -80.47 -75.56 -4.93
    Total Expense Growth 8.08 -59.68 -32.72
    Net Profit Growth N/A N/A N/A

    Annualized
    Cash Cycle 2020  2019  2018 
    A/R Turnover (Times) 0.76 2.49 17.68
    Avg. Collection Period (Days) 477.55 146.65 20.64
    Inventory Turnover (Times) 0.04 0.13 0.53
    Avg. Inventory Period (Days) 9,109.28 2,903.68 683.43
    A/P Turnover (Times) 0.10 0.37 2.16
    Avg. Payment Period (Days) 3,520.27 981.53 169.22
    Cash Cycle (Days) 6,066.56 2,068.80 534.85


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    SP 03 Mar 2020 -
    NP 18 Nov 2019 -

    Market Alert (Latest)
    No Information Found
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name PACE-W2, PACE-W2-R, PACE-W3, PACE-W3-R

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
         		 Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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