L

LH Shopping Centers Leasehold Real Estate Investment Trust
SET:LHSC

Watchlist Manager
LH Shopping Centers Leasehold Real Estate Investment Trust
SET:LHSC
Watchlist
Price: 14.3 THB Market Closed
Market Cap: ฿11.1B

EV/S

5.2
Current
5%
More Expensive
vs 3-y average of 4.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.2
=
Enterprise Value
฿13.8B
/
Revenue
฿2.7B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.2
=
Enterprise Value
฿13.8B
/
Revenue
฿2.7B

Valuation Scenarios

LH Shopping Centers Leasehold Real Estate Investment Trust is trading above its 3-year average

If EV/S returns to its 3-Year Average (4.9), the stock would be worth ฿13.59 (5% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-65%
Maximum Upside
+20%
Average Downside
14%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 5.2 ฿14.3
0%
3-Year Average 4.9 ฿13.59
-5%
5-Year Average 6.2 ฿17.22
+20%
Industry Average 4.9 ฿13.46
-6%
Country Average 1.8 ฿5.06
-65%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
฿13.8B
/
Jan 2026
฿2.7B
=
5.2
Current
฿13.8B
/
Dec 2026
฿2.8B
=
4.9
Forward
฿13.8B
/
Dec 2027
฿2.9B
=
4.8
Forward
฿13.8B
/
Dec 2028
฿2.9B
=
4.8
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
TH
L
LH Shopping Centers Leasehold Real Estate Investment Trust
SET:LHSC
Average P/E: 7 114.7
8.1
-2%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 417.9
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 457.1 N/A N/A
US
Coupang Inc
F:788
175.5
96%
1.8
US
R
Reddit Inc
NYSE:RDDT
55.2
41%
1.3

Market Distribution

Higher than 82% of companies in Thailand
Percentile
82nd
Based on 392 companies
82nd percentile
5.2
Low
0 — 1
Typical Range
1 — 3.1
High
3.1 —
Distribution Statistics
Thailand
Min 0
30th Percentile 1
Median 1.8
70th Percentile 3.1
Max 309.3

LH Shopping Centers Leasehold Real Estate Investment Trust
Glance View

Market Cap
11.1B THB
Industry
N/A

LH Shopping Centers Leasehold Real Estate Investment Trust is a real estate investment trust. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2014-12-26. The Trust’s objectives is to raise funds from general investors and to use the proceeds from such fundraising for purchase and/or lease and/or sub-lease and/or take the transfer of leasehold rights and/or the transfer of sub-leasehold rights to immovable properties, and seek benefits from those properties, whether in the form of improving, changing, developing and/or disposing of the properties for the purpose of generating income and returns for the Trust and its unitholders. The Trust is principally engaged in the rental of immovable properties. The Trust focused on investment on securities and properties, such as Project Terminal 21 Shopping Center. The Trust is managed by Land and Houses Fund Management Company Limited (the Manager), SCB Asset Management Company Limited acts as the Trustee and L&H Retail Management Company Limited acts as the Property Manager.

LHSC Intrinsic Value
23.99 THB
Undervaluation 40%
Intrinsic Value
Price ฿14.3
L
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