Alpha Divisions PCL

BK:ALPHAX Thailand Real Estate - Development
Market Cap
$128.63 Million
฿4.46 Billion THB
Market Cap Rank
#20830 Global
#211 in Thailand
Share Price
฿0.48
Change (1 day)
+0.00%
52-Week Range
฿0.29 - ฿0.53
All Time High
฿3.34
Categories
Companies in Thailand Real Estate - Development Cannabis & CBD
About

Alpha Divisions Public Company Limited, together with its subsidiaries, engages in the consultation and property development business in Thailand and internationally. The company involved in the hire purchase business of motorcycles, cars, gold, and agricultural equipment, as well as related investing activities; and manufacturing and distribution of precursor and chemicals from hemp and/or canna… Read more

Alpha Divisions PCL (ALPHAX) - Net Assets

Latest net assets as of September 2025: ฿5.67 Billion THB

Based on the latest financial reports, Alpha Divisions PCL (ALPHAX) has net assets worth ฿5.67 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 (฿6.11 Billion) and total liabilities (฿431.96 Million). 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 ฿5.67 Billion
% of Total Assets 92.93%
Annual Growth Rate 41.11%
5-Year Change 754.3%
10-Year Change 1990.11%
Growth Volatility 77.39

Alpha Divisions PCL - Net Assets Trend (2011–2024)

This chart illustrates how Alpha Divisions 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 Alpha Divisions PCL (2011–2024)

The table below shows the annual net assets of Alpha Divisions PCL from 2011 to 2024.

Year Net Assets Change
2024-12-31 ฿5.69 Billion +0.01%
2023-12-31 ฿5.69 Billion +267.84%
2022-12-31 ฿1.55 Billion +130.71%
2021-12-31 ฿670.80 Million +0.66%
2020-12-31 ฿666.39 Million +15.49%
2019-12-31 ฿577.03 Million +22.51%
2018-12-31 ฿471.01 Million +103.09%
2017-12-31 ฿231.93 Million -11.84%
2016-12-31 ฿263.09 Million -3.41%
2015-12-31 ฿272.38 Million +11.46%
2014-12-31 ฿244.37 Million +30.47%
2013-12-31 ฿187.30 Million +124.74%
2012-12-31 ฿83.34 Million +28.89%
2011-12-31 ฿64.66 Million --

Equity Component Analysis

This analysis shows how different components contribute to Alpha Divisions 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 1022.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿389.16 Million 6.89%
Other Components ฿5.26 Billion 93.11%
Total Equity ฿5.65 Billion 100.00%

Alpha Divisions PCL Competitors by Market Cap

The table below lists competitors of Alpha Divisions PCL ranked by their market capitalization.

Company Market Cap
Oceanic Iron Ore Corp
V:FEO
 		$54.28 Million
New Best Wire Industrial Co Ltd
TWO:5013
 		$54.29 Million
Kalyani Investment Company Limited
NSE:KICL
 		$54.30 Million
Oak Ridge Financial Services Inc
PINK:BKOR
 		$54.31 Million
Dubber Corporation Limited
PINK:DUBRF
 		$54.24 Million
Meiloon Industrial Co Ltd
TW:2477
 		$54.24 Million
KEFI Gold and Copper Plc
PINK:KFFLF
 		$54.24 Million
Tian An China Investments Company Limited
PINK:TIACF
 		$54.22 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Alpha Divisions PCL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,500,073,104 to 5,651,685,921, a change of 151,612,817 (2.8%).
  • Net income of 331,112,294 contributed positively to equity growth.
  • Other comprehensive income decreased equity by 89,265,893.
  • Other factors decreased equity by 90,233,584.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿331.11 Million +5.86%
Other Comprehensive Income ฿-89.27 Million -1.58%
Other Changes ฿-90.23 Million -1.6%
Total Change ฿- 2.76%

Book Value vs Market Value Analysis

This analysis compares Alpha Divisions 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: 0.79x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 2.79x to 0.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 ฿0.17 ฿0.48 x
2013-12-31 ฿0.73 ฿0.48 x
2014-12-31 ฿0.48 ฿0.48 x
2015-12-31 ฿0.43 ฿0.48 x
2016-12-31 ฿0.36 ฿0.48 x
2017-12-31 ฿0.32 ฿0.48 x
2018-12-31 ฿0.56 ฿0.48 x
2019-12-31 ฿0.20 ฿0.48 x
2020-12-31 ฿0.28 ฿0.48 x
2021-12-31 ฿0.28 ฿0.48 x
2022-12-31 ฿0.43 ฿0.48 x
2023-12-31 ฿1.88 ฿0.48 x
2024-12-31 ฿0.61 ฿0.48 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Alpha Divisions 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): 5.86%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 178.84%
  • • Asset Turnover: 0.03x
  • • Equity Multiplier: 1.08x
  • Recent ROE (5.86%) is above the historical average (1.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 22.41% 7.21% 1.07x 2.90x ฿10.35 Million
2013 8.66% 5.75% 0.93x 1.63x ฿-2.51 Million
2014 9.00% 6.90% 0.80x 1.63x ฿-2.44 Million
2015 -1.37% -1.27% 0.77x 1.40x ฿-30.97 Million
2016 0.60% 0.48% 0.85x 1.48x ฿-24.74 Million
2017 -13.91% -11.04% 0.79x 1.60x ฿-55.45 Million
2018 -31.06% -23.93% 1.02x 1.28x ฿-193.39 Million
2019 -5.45% -1.42% 1.83x 2.09x ฿-72.92 Million
2020 16.70% 14.45% 0.61x 1.91x ฿35.56 Million
2021 4.92% 5.55% 0.50x 1.77x ฿-26.87 Million
2022 2.59% 11.86% 0.16x 1.33x ฿-100.65 Million
2023 -1.94% -58.67% 0.03x 1.08x ฿-656.58 Million
2024 5.86% 178.84% 0.03x 1.08x ฿-234.06 Million

Industry Comparison

This section compares Alpha Divisions 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: $6,404,311,330
  • Average return on equity (ROE) among peers: 8.74%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Alpha Divisions PCL (ALPHAX) ฿5.67 Billion 22.41% 0.08x $54.26 Million
Areeya Property Public Company Limited (A) $3.11 Billion -11.12% 3.14x $24.02 Million
Asset Five Group PCL (A5) $1.40 Billion 36.13% 1.44x $20.21 Million
AKS Corporation Public Company Limited (AKS) $2.92 Billion 4.40% 1.17x $2.35 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