Areeya Property Public Company Limited
Areeya Property Public Company Limited, together with its subsidiaries, engages in the development of real estate projects in Thailand. It primarily develops single detached house, townhome, and condominium projects. The company is also involved in the provision of after sales services for property; construction services; and property management services, as well as in the restaurant and hotels b… Read more
Areeya Property Public Company Limited (A) - Net Assets
Latest net assets as of September 2025: ฿1.71 Billion THB
Based on the latest financial reports, Areeya Property Public Company Limited (A) has net assets worth ฿1.71 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿14.36 Billion) and total liabilities (฿12.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.71 Billion |
| % of Total Assets | 11.88% |
| Annual Growth Rate | 2.83% |
| 5-Year Change | -31.08% |
| 10-Year Change | -20.29% |
| Growth Volatility | 23.72 |
Areeya Property Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Areeya Property Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Areeya Property Public Company Limited (2005–2024)
The table below shows the annual net assets of Areeya Property Public Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.46 Billion | -14.65% |
| 2023-12-31 | ฿2.89 Billion | -10.89% |
| 2022-12-31 | ฿3.24 Billion | +4.19% |
| 2021-12-31 | ฿3.11 Billion | -13.02% |
| 2020-12-31 | ฿3.57 Billion | +5.02% |
| 2019-12-31 | ฿3.40 Billion | +2.13% |
| 2018-12-31 | ฿3.33 Billion | -0.25% |
| 2017-12-31 | ฿3.34 Billion | +0.78% |
| 2016-12-31 | ฿3.31 Billion | +7.25% |
| 2015-12-31 | ฿3.09 Billion | +7.54% |
| 2014-12-31 | ฿2.87 Billion | +0.52% |
| 2013-12-31 | ฿2.86 Billion | +14.56% |
| 2012-12-31 | ฿2.50 Billion | +2.95% |
| 2011-12-31 | ฿2.42 Billion | +2.96% |
| 2010-12-31 | ฿2.35 Billion | +22.22% |
| 2009-12-31 | ฿1.93 Billion | -47.90% |
| 2008-12-31 | ฿3.70 Billion | +0.22% |
| 2007-12-31 | ฿3.69 Billion | +73.60% |
| 2006-12-31 | ฿2.13 Billion | +46.49% |
| 2005-12-31 | ฿1.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Areeya Property Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 195.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿496.39 Million | 20.15% |
| Common Stock | ฿980.00 Million | 39.79% |
| Other Comprehensive Income | ฿97.59 Million | 3.96% |
| Other Components | ฿889.21 Million | 36.10% |
| Total Equity | ฿2.46 Billion | 100.00% |
Areeya Property Public Company Limited Competitors by Market Cap
The table below lists competitors of Areeya Property Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZEN Corporation Group Public Company Limited
BK:ZEN
|
$24.02 Million |
|
T.S. Investment Corp.
KQ:246690
|
$24.02 Million |
|
WESTERN ENERGY SRV. NEW
F:W1T
|
$24.03 Million |
|
Getchell Gold Corp
OTCQB:GGLDF
|
$24.03 Million |
|
SRM CONTRACTORS ORD (BSE)
NSE:SRM
|
$24.02 Million |
|
GoviEx Uranium Inc
OTCQB:GVXXF
|
$24.01 Million |
|
YOUNGHWA TECH Co. Ltd
KQ:265560
|
$23.99 Million |
|
Tachan Securities Co Ltd
TWO:6020
|
$23.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Areeya Property Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,666,147,282 to 2,463,192,236, a change of -202,955,046 (-7.6%).
- Net loss of 426,447,648 reduced equity.
- Other factors increased equity by 223,492,602.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-426.45 Million | -17.31% |
| Other Changes | ฿223.49 Million | +9.07% |
| Total Change | ฿- | -7.61% |
Book Value vs Market Value Analysis
This analysis compares Areeya Property Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.99x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.62 | ฿4.84 | x |
| 2007-12-31 | ฿1.53 | ฿4.84 | x |
| 2008-12-31 | ฿1.56 | ฿4.84 | x |
| 2009-12-31 | ฿2.14 | ฿4.84 | x |
| 2010-12-31 | ฿2.61 | ฿4.84 | x |
| 2011-12-31 | ฿2.69 | ฿4.84 | x |
| 2012-12-31 | ฿2.77 | ฿4.84 | x |
| 2013-12-31 | ฿3.50 | ฿4.84 | x |
| 2014-12-31 | ฿2.93 | ฿4.84 | x |
| 2015-12-31 | ฿3.15 | ฿4.84 | x |
| 2016-12-31 | ฿3.38 | ฿4.84 | x |
| 2017-12-31 | ฿3.41 | ฿4.84 | x |
| 2018-12-31 | ฿3.40 | ฿4.84 | x |
| 2019-12-31 | ฿3.47 | ฿4.84 | x |
| 2020-12-31 | ฿3.65 | ฿4.84 | x |
| 2021-12-31 | ฿3.17 | ฿4.84 | x |
| 2022-12-31 | ฿3.30 | ฿4.84 | x |
| 2023-12-31 | ฿2.72 | ฿4.84 | x |
| 2024-12-31 | ฿2.51 | ฿4.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Areeya Property Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.54%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 5.36x
- Recent ROE (-17.31%) is below the historical average (1.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.60% | 0.80% | 0.26x | 2.95x | ฿-136.34 Million |
| 2006 | 0.56% | 0.95% | 0.20x | 2.94x | ฿-137.69 Million |
| 2007 | -5.75% | -9.92% | 0.16x | 3.68x | ฿-217.36 Million |
| 2008 | 2.00% | 3.50% | 0.14x | 4.06x | ฿-112.73 Million |
| 2009 | 26.89% | 14.98% | 0.65x | 2.77x | ฿325.38 Million |
| 2010 | 18.18% | 12.75% | 0.61x | 2.34x | ฿192.53 Million |
| 2011 | 3.14% | 4.91% | 0.27x | 2.36x | ฿-166.39 Million |
| 2012 | 3.78% | 5.14% | 0.27x | 2.75x | ฿-155.20 Million |
| 2013 | 0.48% | 0.78% | 0.20x | 3.15x | ฿-272.10 Million |
| 2014 | 1.44% | 1.69% | 0.20x | 4.16x | ฿-246.10 Million |
| 2015 | 7.01% | 4.00% | 0.42x | 4.16x | ฿-92.34 Million |
| 2016 | 7.95% | 5.66% | 0.34x | 4.08x | ฿-68.11 Million |
| 2017 | 2.92% | 1.97% | 0.37x | 4.04x | ฿-236.35 Million |
| 2018 | 0.92% | 0.78% | 0.28x | 4.29x | ฿-302.42 Million |
| 2019 | -8.25% | -9.78% | 0.19x | 4.49x | ฿-620.92 Million |
| 2020 | 5.45% | 3.45% | 0.43x | 3.68x | ฿-162.53 Million |
| 2021 | -11.12% | -10.91% | 0.25x | 4.14x | ฿-656.43 Million |
| 2022 | 4.15% | 4.14% | 0.24x | 4.10x | ฿-189.60 Million |
| 2023 | -14.04% | -14.18% | 0.19x | 5.13x | ฿-640.90 Million |
| 2024 | -17.31% | -31.54% | 0.10x | 5.36x | ฿-672.77 Million |
Industry Comparison
This section compares Areeya Property Public Company Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,516,756,606
- Average return on equity (ROE) among peers: -29.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Areeya Property Public Company Limited (A) | ฿1.71 Billion | 0.60% | 7.42x | $24.02 Million |
| Asset Five Group PCL (A5) | $267.50 Million | -17.84% | 0.22x | $20.32 Million |
| AKS Corporation Public Company Limited (AKS) | $2.59 Billion | -19.10% | 1.30x | $2.35 Million |
| Alpha Divisions PCL (ALPHAX) | $244.37 Million | 9.00% | 0.63x | $53.13 Million |
| Amata Corporation Public Company Limited (AMATA) | $13.50 Billion | 9.01% | 0.89x | $447.93 Million |
| Ananda Development Public Company Limited (ANAN) | $17.99 Billion | 13.45% | 1.31x | $18.96 Million |
| AP (Thailand) Public Company Limited (AP) | $17.65 Billion | 14.86% | 1.05x | $600.37 Million |
| Arinsiri Land Public Company Limited (ARIN) | $4.01 Million | -284.67% | 197.12x | $5.12 Million |
| Bless Asset Group PCL (BLESS) | $1.16 Billion | 3.67% | 0.86x | $1.59 Million |
| Britania PCL (BRI) | $5.24 Billion | 8.14% | 2.55x | $8.35 Million |