Bound and Beyond PCL (BEYOND) - Net Assets
Based on the latest financial reports, Bound and Beyond PCL (BEYOND) has net assets worth ฿6.51 Billion THB (≈ $202.79 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿13.08 Billion ≈ $407.59 Million USD) and total liabilities (฿6.57 Billion ≈ $204.80 Million USD). 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. Check BEYOND tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿6.51 Billion |
| % of Total Assets | 49.75% |
| Annual Growth Rate | 3.82% |
| 5-Year Change | 0.59% |
| 10-Year Change | 60.57% |
| Growth Volatility | 14.28 |
Bound and Beyond PCL - Net Assets Trend (2000–2025)
This chart illustrates how Bound and Beyond PCL's net assets have evolved over time, based on quarterly financial data. See Bound and Beyond PCL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bound and Beyond PCL (2000–2025)
The table below shows the annual net assets of Bound and Beyond PCL from 2000 to 2025. For live valuation and market cap data, see BEYOND market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿6.45 Billion ≈ $201.05 Million |
+2.85% |
| 2024-12-31 | ฿6.27 Billion ≈ $195.48 Million |
-0.46% |
| 2023-12-31 | ฿6.30 Billion ≈ $196.38 Million |
+3.24% |
| 2022-12-31 | ฿6.10 Billion ≈ $190.22 Million |
-4.83% |
| 2021-12-31 | ฿6.41 Billion ≈ $199.87 Million |
+34.10% |
| 2020-12-31 | ฿4.78 Billion ≈ $149.04 Million |
+1.64% |
| 2019-12-31 | ฿4.70 Billion ≈ $146.64 Million |
+0.03% |
| 2018-12-31 | ฿4.70 Billion ≈ $146.60 Million |
-7.50% |
| 2017-12-31 | ฿5.08 Billion ≈ $158.48 Million |
+26.57% |
| 2016-12-31 | ฿4.02 Billion ≈ $125.21 Million |
+12.18% |
| 2015-12-31 | ฿3.58 Billion ≈ $111.62 Million |
+7.69% |
| 2014-12-31 | ฿3.33 Billion ≈ $103.64 Million |
+13.02% |
| 2013-12-31 | ฿2.94 Billion ≈ $91.71 Million |
-23.97% |
| 2012-12-31 | ฿3.87 Billion ≈ $120.62 Million |
-15.49% |
| 2011-12-31 | ฿4.58 Billion ≈ $142.73 Million |
-6.47% |
| 2010-12-31 | ฿4.90 Billion ≈ $152.60 Million |
+4.49% |
| 2009-12-31 | ฿4.69 Billion ≈ $146.04 Million |
+5.58% |
| 2008-12-31 | ฿4.44 Billion ≈ $138.32 Million |
-6.94% |
| 2007-12-31 | ฿4.77 Billion ≈ $148.64 Million |
-5.03% |
| 2006-12-31 | ฿5.02 Billion ≈ $156.50 Million |
+42.78% |
| 2005-12-31 | ฿3.52 Billion ≈ $109.61 Million |
+17.13% |
| 2004-12-31 | ฿3.00 Billion ≈ $93.58 Million |
+5.90% |
| 2003-12-31 | ฿2.84 Billion ≈ $88.37 Million |
-0.09% |
| 2002-12-31 | ฿2.84 Billion ≈ $88.45 Million |
-0.96% |
| 2001-12-31 | ฿2.87 Billion ≈ $89.31 Million |
+13.29% |
| 2000-12-31 | ฿2.53 Billion ≈ $78.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bound and Beyond 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 233025827100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.33 Billion | 36.12% |
| Common Stock | ฿2.90 Billion | 44.96% |
| Other Comprehensive Income | ฿637.39 Million | 9.88% |
| Other Components | ฿583.43 Million | 9.04% |
| Total Equity | ฿6.45 Billion | 100.00% |
Bound and Beyond PCL Competitors by Market Cap
The table below lists competitors of Bound and Beyond PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foshan Electrical and Lighting Co Ltd
SHE:200541
|
$76.75 Million |
|
Hancock & Gore Ltd
AU:HNG
|
$76.76 Million |
|
Gain Therapeutics Inc
NASDAQ:GANX
|
$76.78 Million |
|
LeonaBio, Inc.
NASDAQ:LONA
|
$76.84 Million |
|
Sena Development Public Company Limited
BK:SENA
|
$76.74 Million |
|
SEAL Incorporated Bhd
KLSE:4286
|
$76.72 Million |
|
GCI Liberty, Inc. - Series A GCI Group
NASDAQ:GLIBA
|
$76.71 Million |
|
Woori SPAC 3
KQ:198440
|
$76.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bound and Beyond PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,271,735,398 to 6,451,765,763, a change of 180,030,365 (2.9%).
- Net income of 2,346,212 contributed positively to equity growth.
- Share repurchases of 15,070,845 reduced equity.
- Other comprehensive income increased equity by 374,201,578.
- Other factors decreased equity by 181,446,580.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.35 Million | +0.04% |
| Share Repurchases | ฿15.07 Million | -0.23% |
| Other Comprehensive Income | ฿374.20 Million | +5.8% |
| Other Changes | ฿-181.45 Million | -2.81% |
| Total Change | ฿- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares Bound and Beyond 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: 0.40x
- 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 0.66x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿13.26 | ฿8.80 | x |
| 2005-12-31 | ฿15.33 | ฿8.80 | x |
| 2006-12-31 | ฿22.00 | ฿8.80 | x |
| 2007-12-31 | ฿20.89 | ฿8.80 | x |
| 2008-12-31 | ฿19.27 | ฿8.80 | x |
| 2009-12-31 | ฿19.78 | ฿8.80 | x |
| 2010-12-31 | ฿20.71 | ฿8.80 | x |
| 2011-12-31 | ฿19.31 | ฿8.80 | x |
| 2012-12-31 | ฿16.20 | ฿8.80 | x |
| 2013-12-31 | ฿13.88 | ฿8.80 | x |
| 2014-12-31 | ฿15.59 | ฿8.80 | x |
| 2015-12-31 | ฿15.84 | ฿8.80 | x |
| 2016-12-31 | ฿17.77 | ฿8.80 | x |
| 2017-12-31 | ฿19.11 | ฿8.80 | x |
| 2018-12-31 | ฿20.81 | ฿8.80 | x |
| 2019-12-31 | ฿20.82 | ฿8.80 | x |
| 2020-12-31 | ฿21.16 | ฿8.80 | x |
| 2021-12-31 | ฿25.71 | ฿8.80 | x |
| 2022-12-31 | ฿21.13 | ฿8.80 | x |
| 2023-12-31 | ฿21.28 | ฿8.80 | x |
| 2024-12-31 | ฿21.62 | ฿8.80 | x |
| 2025-12-31 | ฿22.25 | ฿8.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bound and Beyond 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): 0.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.07%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.05x
- Recent ROE (0.04%) is below the historical average (5.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.35% | 3.97% | 1.04x | 2.03x | ฿-41.61 Million |
| 2001 | 11.72% | 6.45% | 1.12x | 1.63x | ฿49.17 Million |
| 2003 | 0.00% | 0.00% | 0.94x | 1.81x | ฿-283.22 Million |
| 2004 | 7.24% | 3.83% | 1.16x | 1.64x | ฿-82.84 Million |
| 2005 | 16.18% | 9.13% | 1.19x | 1.49x | ฿214.39 Million |
| 2006 | 35.49% | 17.13% | 1.33x | 1.56x | ฿1.27 Billion |
| 2007 | 19.71% | 7.71% | 2.10x | 1.22x | ฿458.24 Million |
| 2008 | 6.08% | 3.25% | 1.26x | 1.49x | ฿-170.72 Million |
| 2009 | 6.63% | 4.48% | 0.96x | 1.55x | ฿-150.61 Million |
| 2010 | 8.94% | 5.14% | 1.17x | 1.49x | ฿-49.53 Million |
| 2011 | 0.10% | 0.06% | 1.02x | 1.64x | ฿-432.10 Million |
| 2012 | -15.61% | -7.52% | 1.24x | 1.67x | ฿-937.48 Million |
| 2013 | -16.90% | -9.70% | 1.04x | 1.67x | ฿-843.66 Million |
| 2014 | 13.09% | 8.24% | 1.01x | 1.58x | ฿108.77 Million |
| 2015 | 4.21% | 3.10% | 0.95x | 1.43x | ฿-207.33 Million |
| 2016 | 11.89% | 9.28% | 0.92x | 1.39x | ฿76.06 Million |
| 2017 | 17.80% | 14.67% | 0.83x | 1.46x | ฿396.84 Million |
| 2018 | -0.89% | -0.86% | 0.69x | 1.49x | ฿-512.09 Million |
| 2019 | -2.46% | -32.64% | 0.05x | 1.60x | ฿-586.11 Million |
| 2020 | 1.68% | 23.00% | 0.05x | 1.53x | ฿-397.74 Million |
| 2021 | 13.69% | 395.95% | 0.02x | 2.20x | ฿236.48 Million |
| 2022 | -5.60% | -15.92% | 0.16x | 2.19x | ฿-952.22 Million |
| 2023 | 2.49% | 5.28% | 0.22x | 2.16x | ฿-472.87 Million |
| 2024 | -0.59% | -1.07% | 0.26x | 2.10x | ฿-664.21 Million |
| 2025 | 0.04% | 0.07% | 0.25x | 2.05x | ฿-642.83 Million |
Industry Comparison
This section compares Bound and Beyond PCL's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $6,223,969,472
- Average return on equity (ROE) among peers: -2.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bound and Beyond PCL (BEYOND) | ฿6.51 Billion | 8.35% | 1.01x | $76.75 Million |
| Asia Hotel Public Company Limited (ASIA) | $6.09 Billion | -1.84% | 0.72x | $53.36 Million |
| The Erawan Group Public Company Limited (ERW) | $5.40 Billion | 9.36% | 1.97x | $453.92 Million |
| Grande Asset Hotels and Property Public Company Limited (GRAND) | $2.35 Billion | -17.71% | 1.96x | $8.73 Million |
| Laguna Resorts & Hotels Public Company Limited (LRH) | $7.17 Billion | 5.16% | 0.13x | $175.34 Million |
| Mandarin Hotel Public Company Limited (MANRIN) | $457.16 Million | -4.57% | 1.29x | $19.37 Million |
| Minor International Public Company Limited (MINT) | $4.26 Billion | 9.40% | 1.57x | $4.22 Billion |
| OHTL Public Company Limited (OHTL) | $24.27 Billion | 0.33% | 1.10x | $132.23 Million |
| Royal Orchid Hotel (Thailand) Public Company Limited (ROH) | $663.25 Million | -23.32% | 0.38x | $35.41 Million |
| Shangri-La Hotel Public Company Limited (SHANG) | $5.35 Billion | -2.77% | 0.23x | $182.34 Million |
About Bound and Beyond PCL
Bound and Beyond Public Company Limited, together with its subsidiaries, invests in, develops, and operates hotel and hospitality business in Thailand. It operates in two segments: Hotel and Other Services. The company owns hotels under the Four Seasons Hotel Bangkok and Capella Bangkok names. It also engages in the trading of various base metals and by-products; and provision of food and beverag… Read more