Index Living Mall Public (ILM.BK)

Saturday

10:49 AM

ThesisThe company's strong online sales growth and strategic expansion into urban markets are driving a more positive outlook among investors.

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$9.9B	$10.0B	$10.4B
Rev. Growth	+0.8%	+1.8%	+3.2%
EPS	$1.49	$1.56	$1.58
EPS Growth	+0.7%	+4.5%	+1.4%
P/E (fwd)	9.3×	8.9×	8.8×

★ Analysts see FY2027 revenue reaching $10.4B — +3.2% growth in a single year.

What’s Driving the Stock

01A recent increase in online sales growth rate by 15% YoY indicates a strong shift towards e-commerce, potentially boosting overall revenue.
02New store openings in high-growth urban areas are expected to increase market share by 5% over the next year.
03Cost reduction initiatives have led to a projected 2% improvement in gross margins, enhancing profitability.
04Increased consumer interest in sustainable and eco-friendly products could drive new product lines and revenue streams.
05Sustainability in home furnishings
06Growth of e-commerce in retail
07Consumer spending trends in Thailand, particularly in home furnishings
08Changes in housing market dynamics, including new housing starts

FY2025 Snapshot

Revenue: $9.9B
Rev. Growth: +0.8%
Gross Margin: 47.4%
Op. Margin: 10.1%
Net Margin: 7.6%
Net Income: $753M
NI Growth: +1.1%
EPS: $1.49
1Y Return: +6.0%

My Notes

"Management noted, 'Our focus on e-commerce and urban expansion is positioning us well for future growth.'"
Moat: Index Living Mall's strong brand recognition and extensive product range provide a durable competitive advantage.
value - Investors may be attracted by the company's low valuation metrics (P/S of 0.7x) and stable cash flow generation.
Higher interest rates may dampen consumer spending and increase financing costs for inventory…
Watch on earnings: Consumer Sentiment (UMCSENT), Retail Sales (ex Auto) (RSXFS), Housing Starts (HOUST).

One Sentence Summary:

The bull case is simple: analysts see revenue climbing from $10.0B to $10.4B as a recent increase in online sales growth rate by 15% yoy indicates a strong shift towards e-commerce.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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