Asset Five Group PCL
Asset Five Group Public Company Limited engages in the development and sale of real estate properties in Thailand. It is also involved in construction and condominium residential business; and provision of renovation and interior decoration service. The company was incorporated in 2003 and is headquartered in Bangkok, Thailand.
Asset Five Group PCL (A5) - Net Assets
Latest net assets as of September 2025: ฿1.69 Billion THB
Based on the latest financial reports, Asset Five Group PCL (A5) has net assets worth ฿1.69 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 (฿3.99 Billion) and total liabilities (฿2.30 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 | ฿1.69 Billion |
| % of Total Assets | 42.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | 145.53% |
| 10-Year Change | N/A |
| Growth Volatility | 607.41 |
Asset Five Group PCL - Net Assets Trend (2006–2024)
This chart illustrates how Asset Five Group PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asset Five Group PCL (2006–2024)
The table below shows the annual net assets of Asset Five Group PCL from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.70 Billion | +21.07% |
| 2023-12-31 | ฿1.40 Billion | +56.56% |
| 2022-12-31 | ฿895.38 Million | +8.27% |
| 2021-12-31 | ฿827.00 Million | +19.64% |
| 2020-12-31 | ฿691.23 Million | +26.68% |
| 2019-12-31 | ฿545.66 Million | +11.05% |
| 2018-12-31 | ฿491.37 Million | +1673.46% |
| 2017-12-31 | ฿27.71 Million | -81.27% |
| 2016-12-31 | ฿147.94 Million | +114.72% |
| 2015-12-31 | ฿-1.01 Billion | -1211.94% |
| 2014-12-31 | ฿90.40 Million | +1330.36% |
| 2013-12-31 | ฿6.32 Million | -69.78% |
| 2012-12-31 | ฿20.91 Million | -67.97% |
| 2011-12-31 | ฿65.30 Million | -12.99% |
| 2010-12-31 | ฿75.04 Million | -47.93% |
| 2009-12-31 | ฿144.12 Million | -42.45% |
| 2008-12-31 | ฿250.42 Million | -6.38% |
| 2007-12-31 | ฿267.50 Million | +671.80% |
| 2006-12-31 | ฿-46.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asset Five Group PCL'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 93560834004.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿788.58 Million | 46.46% |
| Other Components | ฿908.61 Million | 53.54% |
| Total Equity | ฿1.70 Billion | 100.00% |
Asset Five Group PCL Competitors by Market Cap
The table below lists competitors of Asset Five Group PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Koleksiyon Mobilya Sanayi AS
IS:KLSYN
|
$20.21 Million |
|
White Gold Corp
OTCQX:WHGOF
|
$20.21 Million |
|
1CM Inc
OTCQB:MILFF
|
$20.23 Million |
|
Atech OEM
TWO:6109
|
$20.23 Million |
|
KCI Limited
KQ:036670
|
$20.20 Million |
|
Aptech Limited
NSE:APTECHT
|
$20.20 Million |
|
Shriro Holdings Ltd
AU:SHM
|
$20.20 Million |
|
Ashtrom Group Ltd
TA:ASHG
|
$20.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asset Five Group PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,401,816,706 to 1,697,196,409, a change of 295,379,703 (21.1%).
- Net income of 453,283,116 contributed positively to equity growth.
- Dividend payments of 60,468,281 reduced retained earnings.
- Share repurchases of 98,113,267 reduced equity.
- Other comprehensive income decreased equity by 36,451,765.
- Other factors increased equity by 37,129,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿453.28 Million | +26.71% |
| Dividends Paid | ฿60.47 Million | -3.56% |
| Share Repurchases | ฿98.11 Million | -5.78% |
| Other Comprehensive Income | ฿-36.45 Million | -2.15% |
| Other Changes | ฿37.13 Million | +2.19% |
| Total Change | ฿- | 21.07% |
Book Value vs Market Value Analysis
This analysis compares Asset Five Group PCL'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: 1.28x
- 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 5.87x to 1.28x 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 | ฿0.31 | ฿1.84 | x |
| 2007-12-31 | ฿0.71 | ฿1.84 | x |
| 2008-12-31 | ฿0.52 | ฿1.84 | x |
| 2009-12-31 | ฿0.43 | ฿1.84 | x |
| 2010-12-31 | ฿0.27 | ฿1.84 | x |
| 2011-12-31 | ฿0.23 | ฿1.84 | x |
| 2012-12-31 | ฿0.07 | ฿1.84 | x |
| 2013-12-31 | ฿0.02 | ฿1.84 | x |
| 2014-12-31 | ฿0.29 | ฿1.84 | x |
| 2015-12-31 | ฿-2.65 | ฿1.84 | x |
| 2016-12-31 | ฿0.39 | ฿1.84 | x |
| 2017-12-31 | ฿5.40 | ฿1.84 | x |
| 2018-12-31 | ฿13.12 | ฿1.84 | x |
| 2019-12-31 | ฿0.46 | ฿1.84 | x |
| 2020-12-31 | ฿0.58 | ฿1.84 | x |
| 2021-12-31 | ฿0.67 | ฿1.84 | x |
| 2022-12-31 | ฿0.74 | ฿1.84 | x |
| 2023-12-31 | ฿1.16 | ฿1.84 | x |
| 2024-12-31 | ฿1.44 | ฿1.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asset Five Group PCL 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): 26.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.20%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 2.48x
- Recent ROE (26.71%) is above the historical average (-35.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -336.81% | -82.31% | 4.09x | 1.00x | ฿-145.01 Million |
| 2007 | -18.87% | -17.15% | 0.85x | 1.29x | ฿-73.03 Million |
| 2008 | -35.15% | -23.78% | 0.66x | 2.24x | ฿-83.64 Million |
| 2009 | -37.26% | -14.69% | 1.91x | 1.33x | ฿-63.79 Million |
| 2010 | -79.84% | -38.33% | 1.28x | 1.63x | ฿-67.42 Million |
| 2011 | -14.79% | -2.34% | 3.71x | 1.71x | ฿-16.19 Million |
| 2012 | -241.19% | -24.32% | 2.24x | 4.44x | ฿-52.54 Million |
| 2013 | -230.95% | -15.85% | 1.64x | 8.88x | ฿-15.23 Million |
| 2014 | -77.24% | -109.56% | 0.01x | 96.63x | ฿-78.86 Million |
| 2015 | 0.00% | -851.37% | 0.01x | 0.00x | ฿-995.14 Million |
| 2016 | 779.41% | 32456.43% | 0.01x | 3.07x | ฿1.14 Billion |
| 2017 | -435.16% | -337.06% | 0.15x | 8.76x | ฿-123.34 Million |
| 2018 | -58.49% | -141.81% | 0.12x | 3.42x | ฿-329.30 Million |
| 2019 | 8.20% | 8.61% | 0.29x | 3.28x | ฿-9.62 Million |
| 2020 | 8.44% | 7.06% | 0.43x | 2.76x | ฿-10.57 Million |
| 2021 | 16.14% | 17.82% | 0.66x | 1.37x | ฿49.73 Million |
| 2022 | 10.92% | 15.06% | 0.26x | 2.78x | ฿8.25 Million |
| 2023 | 36.13% | 34.02% | 0.43x | 2.44x | ฿366.25 Million |
| 2024 | 26.71% | 25.20% | 0.43x | 2.48x | ฿283.56 Million |
Industry Comparison
This section compares Asset Five Group PCL's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,269,365,140
- Average return on equity (ROE) among peers: 5.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asset Five Group PCL (A5) | ฿1.69 Billion | -336.81% | 1.36x | $20.21 Million |
| Areeya Property Public Company Limited (A) | $3.11 Billion | -11.12% | 3.14x | $24.02 Million |
| AKS Corporation Public Company Limited (AKS) | $2.92 Billion | 4.40% | 1.17x | $2.35 Million |
| Alpha Divisions PCL (ALPHAX) | $187.30 Million | 8.66% | 0.63x | $54.26 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $14.97 Billion | 9.41% | 0.96x | $384.26 Million |
| Ananda Development Public Company Limited (ANAN) | $4.92 Billion | -5.84% | 0.90x | $18.46 Million |
| AP (Thailand) Public Company Limited (AP-R) | $24.38 Billion | 15.86% | 1.02x | $605.57 Million |
| Arinsiri Land Public Company Limited (ARIN) | $9.74 Million | -2.64% | 28.78x | $5.22 Million |
| Bless Asset Group PCL (BLESS) | $582.78 Million | 10.14% | 1.76x | $1.59 Million |
| Britania PCL (BRI) | $5.35 Billion | 22.34% | 2.72x | $8.35 Million |