MFC Industrial Investment Property and Leasehold Fund

฿6.05As of Sun 8 Nov 2026, 12:00 UTC

SET:MIIReal Estate

Country Thailand

PE (Fwd) 7.220

TSR 10Y CAGR 4.52%

Div yield —

ROE 8.21%

REIT (Diversified)

Beta (5Y) —

PE TTM 7.538

TSR TTM 47.19%

Mkt cap ฿1.482B

ROIC 6.62%

SE Grade™

—

Value

Quality

Moat

1Y Price

Reference

฿6.38

5.53%

(27.35%)

Price above Reference Value

TTM

FYE 31 Dec THB

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

5Y

10Y

Peers

145.8

Revenue฿M

—

—

—

—

—

130.3

135.4

145.0

—

141.4

148.1

2.06%

—

—

—

Revenue growth%

—

—

—

—

—

—

3.91

7.12

—

—

4.81

5.52

—

—

89.16

Gross margin%

—

—

—

—

—

91.02

90.53

90.74

—

88.85

89.15

90.63

—

—

81.67

Operating margin%

—

—

—

—

—

88.61

86.01

85.58

—

81.69

81.60

85.79

—

—

94.72

Net margin%

—

—

—

—

—

97.36

86.31

88.95

—

95.85

94.43

92.40

—

—

7.538

P/E ratio (avg)x

—

—

—

—

—

—

11.35

9.952

—

6.081

7.439

9.952

—

—

13.46

EV/EBITx

—

—

—

—

—

—

12.57

11.31

—

8.198

9.192

11.31

—

—

8.51

FCF yield (avg)%

—

—

—

—

—

—

8.69

9.98

—

2.91

8.64

8.69

—

—

60.78

FCF margin%

—

—

—

—

—

89.16

85.12

88.39

—

16.97

60.68

86.75

—

—

0.642

FCF / Net incomex

—

—

—

—

—

0.916

0.986

0.994

—

0.177

0.643

0.951

—

—

6.62

ROIC%

—

—

—

—

—

—

6.59

7.01

—

6.64

6.68

6.64

—

—

8.21

Return on equity%

—

—

—

—

—

—

7.17

7.86

—

8.20

8.15

7.86

—

—

7.30

Return on assets%

—

—

—

—

—

—

6.31

6.88

—

7.18

7.13

6.88

—

—

0.80

EPS฿

—

—

—

—

—

—

0.68

0.75

—

0.79

0.81

5.05%

—

—

—

EPS growth%

—

—

—

—

—

—

—

10.40

—

—

3.25

10.40

—

—

9.77

Bookvalue per sh฿

—

—

—

—

—

—

9.47

9.61

9.47

9.74

10.18

0.93%

—

—

0.52

FCF per share฿

—

—

—

—

—

—

0.67

0.75

—

0.14

0.52

(40.73%)

—

—

—

Dividend per sh฿

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Div yield (avg)%

—

—

—

—

—

—

—

—

—

—

—

—

—

72

—

Payout ratio%

—

—

—

—

—

—

—

—

—

—

—

—

—

—

245.0

Shares (diluted)M

—

—

—

—

—

—

172.0

172.0

172.0

172.0

◌172.0

—

—

—

—

Buyback yield%

—

—

—

—

—

—

—

—

—

—

◌—

—

—

—

0.081

D/E ratiox

—

—

—

—

—

—

0.094

0.090

0.088

0.083

0.078

0.089

—

—

1.602

Enterprise value฿B

—

—

—

—

—

—

1.464

1.404

1.130

0.947

1.111

(13.53%)

—

—

—

LT debt฿M

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Peers (US$31.13M)

Cap (US$)

PE

Quality Houses…

88.21M

—

Hydrogen Freehold and…

55.61M

12.03x

S Prime Growth…

53.45M

6.360x

Fundo de Investimento…

26.58M

14.57x

Capital

TTM

5Y

10Y

Leveragex

0.813

0.894

0.894

EBIT/Intx

26.26

25.11

25.11

Own earn%

—

—

—

Sh yield%

—

—

—

Owners

Insiders/Inst%

—

6.68

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/4

Revenue growth years

—

EPS growth years

—

Dividend streakyrs

0

Op margin range%

82–89

$1 testx

—

Incr. ROIC%

—

MFC Industrial Investment Property and Leasehold Fund is headquartered in Bangkok, Thailand.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

฿141.4M

2.06%

1.00×

Cost of revenue

฿15.76M

7.74%

1.24×

Operating expenses

฿10.12M

33.97%

2.97×

Asset mix

Share

Trend

Other

99.16%

Cash and investments

0.84%

Reinvestment returns

5Y median

Trend

Reinvestment rate

n/m

-

Return on capital

6.64%

Spread over hurdle

1.18%