AP (Thailand) Public Company Limited
AP (Thailand) Public Company Limited, together with its subsidiaries, engages in the real estate development business in Thailand. It operates in three segments: Low"Rise, High"Rise, and Other. The Low-rise segment is involved in development of single detached houses and townhouses. The High-rise segment develops condominiums. The Other segment provides after-sales, property brokerage, and constr… Read more
AP (Thailand) Public Company Limited (AP-R) - Net Assets
Latest net assets as of September 2024: ฿42.35 Billion THB
Based on the latest financial reports, AP (Thailand) Public Company Limited (AP-R) has net assets worth ฿42.35 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿83.84 Billion) and total liabilities (฿41.49 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 | ฿42.35 Billion |
| % of Total Assets | 50.52% |
| Annual Growth Rate | 13.77% |
| 5-Year Change | 54.92% |
| 10-Year Change | 157.04% |
| Growth Volatility | 4.36 |
AP (Thailand) Public Company Limited - Net Assets Trend (2005–2023)
This chart illustrates how AP (Thailand) 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 AP (Thailand) Public Company Limited (2005–2023)
The table below shows the annual net assets of AP (Thailand) Public Company Limited from 2005 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿40.74 Billion | +10.92% |
| 2022-12-31 | ฿36.73 Billion | +13.28% |
| 2021-12-31 | ฿32.42 Billion | +10.80% |
| 2020-12-31 | ฿29.26 Billion | +11.28% |
| 2019-12-31 | ฿26.30 Billion | +7.86% |
| 2018-12-31 | ฿24.38 Billion | +12.69% |
| 2017-12-31 | ฿21.63 Billion | +11.37% |
| 2016-12-31 | ฿19.42 Billion | +10.03% |
| 2015-12-31 | ฿17.65 Billion | +11.39% |
| 2014-12-31 | ฿15.85 Billion | +13.14% |
| 2013-12-31 | ฿14.01 Billion | +11.88% |
| 2012-12-31 | ฿12.52 Billion | +17.44% |
| 2011-12-31 | ฿10.66 Billion | +12.05% |
| 2010-12-31 | ฿9.51 Billion | +16.21% |
| 2009-12-31 | ฿8.19 Billion | +20.61% |
| 2008-12-31 | ฿6.79 Billion | +18.71% |
| 2007-12-31 | ฿5.72 Billion | +13.23% |
| 2006-12-31 | ฿5.05 Billion | +26.42% |
| 2005-12-31 | ฿3.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AP (Thailand) 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 1311.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿37.21 Billion | 91.29% |
| Common Stock | ฿3.15 Billion | 7.72% |
| Other Comprehensive Income | ฿314.59 Million | 0.77% |
| Other Components | ฿89.42 Million | 0.22% |
| Total Equity | ฿40.76 Billion | 100.00% |
AP (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of AP (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daewoong Pharma
KO:069620
|
$605.61 Million |
|
Beijing Beilu Pharmaceutical
SHE:300016
|
$605.65 Million |
|
Ardagh Metal Packaging SA
NYSE:AMBP
|
$605.72 Million |
|
Sturm Ruger & Company Inc
NYSE:RGR
|
$605.75 Million |
|
Societe LDC SA
PA:LOUP
|
$605.29 Million |
|
Xizi Clean Energy Equipment Manufacturing Co Ltd
SHE:002534
|
$605.26 Million |
|
HelloFresh SE Bearer Shares
F:HFG
|
$605.15 Million |
|
Beijing Capital International Airport Company Limited
PINK:BJCHF
|
$604.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AP (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 36,747,168,569 to 40,756,859,092, a change of 4,009,690,523 (10.9%).
- Net income of 6,054,442,326 contributed positively to equity growth.
- Dividend payments of 2,044,751,803 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿6.05 Billion | +14.86% |
| Dividends Paid | ฿2.04 Billion | -5.02% |
| Total Change | ฿- | 10.91% |
Book Value vs Market Value Analysis
This analysis compares AP (Thailand) 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: 0.68x
- 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 6.67x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿1.33 | ฿8.85 | x |
| 2006-12-31 | ฿1.68 | ฿8.85 | x |
| 2007-12-31 | ฿1.80 | ฿8.85 | x |
| 2008-12-31 | ฿2.20 | ฿8.85 | x |
| 2009-12-31 | ฿2.65 | ฿8.85 | x |
| 2010-12-31 | ฿3.06 | ฿8.85 | x |
| 2011-12-31 | ฿3.42 | ฿8.85 | x |
| 2012-12-31 | ฿3.99 | ฿8.85 | x |
| 2013-12-31 | ฿4.45 | ฿8.85 | x |
| 2014-12-31 | ฿5.04 | ฿8.85 | x |
| 2015-12-31 | ฿5.61 | ฿8.85 | x |
| 2016-12-31 | ฿6.17 | ฿8.85 | x |
| 2017-12-31 | ฿6.88 | ฿8.85 | x |
| 2018-12-31 | ฿7.75 | ฿8.85 | x |
| 2019-12-31 | ฿8.36 | ฿8.85 | x |
| 2020-12-31 | ฿9.31 | ฿8.85 | x |
| 2021-12-31 | ฿10.31 | ฿8.85 | x |
| 2022-12-31 | ฿11.68 | ฿8.85 | x |
| 2023-12-31 | ฿12.96 | ฿8.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AP (Thailand) 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): 14.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.91%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.06x
- Recent ROE (14.86%) is below the historical average (17.19%), 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 | 19.20% | 14.55% | 0.51x | 2.58x | ฿366.58 Million |
| 2006 | 26.63% | 21.19% | 0.61x | 2.06x | ฿839.31 Million |
| 2007 | 16.30% | 11.42% | 0.60x | 2.38x | ฿347.48 Million |
| 2008 | 24.14% | 16.57% | 0.57x | 2.56x | ฿959.56 Million |
| 2009 | 22.81% | 14.94% | 0.66x | 2.32x | ฿1.05 Billion |
| 2010 | 23.42% | 15.87% | 0.58x | 2.53x | ฿1.28 Billion |
| 2011 | 14.55% | 11.37% | 0.46x | 2.76x | ฿484.91 Million |
| 2012 | 18.60% | 13.46% | 0.59x | 2.34x | ฿1.08 Billion |
| 2013 | 14.37% | 10.07% | 0.58x | 2.46x | ฿612.60 Million |
| 2014 | 16.50% | 11.30% | 0.65x | 2.24x | ฿1.03 Billion |
| 2015 | 14.86% | 11.88% | 0.61x | 2.05x | ฿858.02 Million |
| 2016 | 13.91% | 13.34% | 0.54x | 1.95x | ฿760.23 Million |
| 2017 | 14.59% | 14.24% | 0.50x | 2.03x | ฿993.43 Million |
| 2018 | 15.85% | 13.95% | 0.56x | 2.02x | ฿1.43 Billion |
| 2019 | 11.66% | 12.89% | 0.40x | 2.23x | ฿436.20 Million |
| 2020 | 14.43% | 14.14% | 0.51x | 2.01x | ฿1.30 Billion |
| 2021 | 14.00% | 14.29% | 0.53x | 1.86x | ฿1.30 Billion |
| 2022 | 15.99% | 15.25% | 0.56x | 1.86x | ฿2.20 Billion |
| 2023 | 14.86% | 15.91% | 0.45x | 2.06x | ฿1.98 Billion |
Industry Comparison
This section compares AP (Thailand) 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: $3,716,310,741
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AP (Thailand) Public Company Limited (AP-R) | ฿42.35 Billion | 19.20% | 0.98x | $605.57 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 |
| 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 |
| 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 |