Jakpaisan Estate Public Company Limited (JAK.BK) Stock Analysis & Winston Score
Jakpaisan Estate is a Thai real estate developer that builds and sells residential properties, including houses, townhouses, and housing estates. Its main customers are middle-income Thai homebuyers looking for affordable to mid-range housing in and around Thailand. The company operates in the Thai property development industry, which is closely tied to local economic conditions and consumer confidence. Jakpaisan Estate makes money primarily by selling completed residential units, meaning revenue comes in when homes are transferred to buyers rather than through recurring subscriptions or rent. The company operates entirely within Thailand, and with a market cap of around $0.4 billion, it is a smaller regional developer competing against larger Thai builders like Pruksa and LPN. Its gross margin of around 30% is reasonable for the sector, but the key risk it faces is Thailand's sluggish housing demand and rising household debt levels, which can slow home purchases and pressure sales volumes going forward.
Winston Score: 66/100 — Good
A decent business — some strong pillars, some weaker.
- Quality: Mixed (11/30)
- Growth: Exceptional (19/20)
- Cash Flow: Exceptional (10/10)
- Stability: Strong (7/10)
- Valuation: Good (6/10)
- Ownership: Good (10/15)
Key Facts
Price: 1.24 THB
Market Cap: 397M THB
Sector: Real Estate
Industry: Real Estate - Development
Exchange: Stock Exchange of Thailand


