Bangkok Land Public Company Limited (BLAND-R) - Net Assets
Based on the latest financial reports, Bangkok Land Public Company Limited (BLAND-R) has net assets worth ฿57.33 Billion THB (≈ $1.79 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿69.81 Billion ≈ $2.18 Billion USD) and total liabilities (฿12.48 Billion ≈ $389.02 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 Bangkok Land Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿57.33 Billion |
| % of Total Assets | 82.12% |
| Annual Growth Rate | 9.11% |
| 5-Year Change | 8.57% |
| 10-Year Change | 3.12% |
| Growth Volatility | 21.88 |
Bangkok Land Public Company Limited - Net Assets Trend (2005–2025)
This chart illustrates how Bangkok Land Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore BLAND-R total assets for the complete picture of this company's asset base.
Annual Net Assets for Bangkok Land Public Company Limited (2005–2025)
The table below shows the annual net assets of Bangkok Land Public Company Limited from 2005 to 2025. For live valuation and market cap data, see market cap of Bangkok Land Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿57.18 Billion ≈ $1.78 Billion |
+1.08% |
| 2024-03-31 | ฿56.57 Billion ≈ $1.76 Billion |
+5.89% |
| 2023-03-31 | ฿53.43 Billion ≈ $1.67 Billion |
+1.22% |
| 2022-03-31 | ฿52.78 Billion ≈ $1.65 Billion |
+0.21% |
| 2021-03-31 | ฿52.67 Billion ≈ $1.64 Billion |
-2.26% |
| 2020-03-31 | ฿53.89 Billion ≈ $1.68 Billion |
-1.87% |
| 2019-03-31 | ฿54.92 Billion ≈ $1.71 Billion |
-2.80% |
| 2018-03-31 | ฿56.50 Billion ≈ $1.76 Billion |
+0.16% |
| 2017-03-31 | ฿56.41 Billion ≈ $1.76 Billion |
+1.72% |
| 2016-03-31 | ฿55.45 Billion ≈ $1.73 Billion |
+4.56% |
| 2015-03-31 | ฿53.04 Billion ≈ $1.65 Billion |
+10.89% |
| 2014-03-31 | ฿47.83 Billion ≈ $1.49 Billion |
+18.30% |
| 2013-03-31 | ฿40.43 Billion ≈ $1.26 Billion |
+25.91% |
| 2012-03-31 | ฿32.11 Billion ≈ $1.00 Billion |
+2.13% |
| 2011-03-31 | ฿31.44 Billion ≈ $980.04 Million |
+3.11% |
| 2010-03-31 | ฿30.49 Billion ≈ $950.49 Million |
+2.16% |
| 2009-03-31 | ฿29.85 Billion ≈ $930.43 Million |
+0.94% |
| 2008-03-31 | ฿29.57 Billion ≈ $921.75 Million |
+96.21% |
| 2007-03-31 | ฿15.07 Billion ≈ $469.77 Million |
+11.25% |
| 2006-03-31 | ฿13.55 Billion ≈ $422.25 Million |
+35.60% |
| 2005-03-31 | ฿9.99 Billion ≈ $311.39 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bangkok Land 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 1459633554900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿11.65 Billion | 23.87% |
| Other Components | ฿37.17 Billion | 76.13% |
| Total Equity | ฿48.82 Billion | 100.00% |
Bangkok Land Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Land Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Muang Thai Insurance Public Company Limited
BK:MTI
|
$275.85 Million |
|
TWFG, Inc. Class A Common Stock
NASDAQ:TWFG
|
$275.93 Million |
|
Ellomay Capital Ltd
TA:ELLO
|
$276.00 Million |
|
Ag Growth International Inc
TO:AFN
|
$276.08 Million |
|
Xingda International Holdings Limited
F:XDH
|
$275.81 Million |
|
Xperi Corp
NYSE:XPER
|
$275.71 Million |
|
Bold Eagle Acquisition Corp. Class A Ordinary Shares
NASDAQ:BEAG
|
$275.71 Million |
|
Semperit Aktiengesellschaft Holding
VI:SEM
|
$275.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Land Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,316,228,970 to 48,818,062,879, a change of 501,833,909 (1.0%).
- Net income of 656,121,511 contributed positively to equity growth.
- Dividend payments of 173,516,641 reduced retained earnings.
- Other comprehensive income decreased equity by 14,906,243,242.
- Other factors increased equity by 14,925,472,281.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿656.12 Million | +1.34% |
| Dividends Paid | ฿173.52 Million | -0.36% |
| Other Comprehensive Income | ฿-14.91 Billion | -30.53% |
| Other Changes | ฿14.93 Billion | +30.57% |
| Total Change | ฿- | 1.04% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Land 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: 0.18x
- 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 0.51x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ฿1.00 | ฿0.51 | x |
| 2006-03-31 | ฿1.07 | ฿0.51 | x |
| 2007-03-31 | ฿1.05 | ฿0.51 | x |
| 2008-03-31 | ฿1.38 | ฿0.51 | x |
| 2009-03-31 | ฿1.40 | ฿0.51 | x |
| 2010-03-31 | ฿1.43 | ฿0.51 | x |
| 2011-03-31 | ฿1.48 | ฿0.51 | x |
| 2012-03-31 | ฿1.51 | ฿0.51 | x |
| 2013-03-31 | ฿2.16 | ฿0.51 | x |
| 2014-03-31 | ฿2.32 | ฿0.51 | x |
| 2015-03-31 | ฿2.23 | ฿0.51 | x |
| 2016-03-31 | ฿2.43 | ฿0.51 | x |
| 2017-03-31 | ฿2.53 | ฿0.51 | x |
| 2018-03-31 | ฿2.59 | ฿0.51 | x |
| 2019-03-31 | ฿2.52 | ฿0.51 | x |
| 2020-03-31 | ฿2.64 | ฿0.51 | x |
| 2021-03-31 | ฿2.57 | ฿0.51 | x |
| 2022-03-31 | ฿2.57 | ฿0.51 | x |
| 2023-03-31 | ฿2.61 | ฿0.51 | x |
| 2024-03-31 | ฿2.78 | ฿0.51 | x |
| 2025-03-31 | ฿2.81 | ฿0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Land 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): 1.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.61%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.42x
- Recent ROE (1.34%) is below the historical average (3.80%), 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 | -20.10% | -126.67% | 0.04x | 4.15x | ฿-3.01 Billion |
| 2006 | 19.08% | 132.58% | 0.05x | 2.86x | ฿1.23 Billion |
| 2007 | 1.94% | 11.27% | 0.07x | 2.60x | ฿-1.22 Billion |
| 2008 | 25.97% | 60.03% | 0.25x | 1.75x | ฿3.70 Billion |
| 2009 | 7.00% | 41.69% | 0.11x | 1.57x | ฿-747.14 Million |
| 2010 | 2.08% | 18.96% | 0.07x | 1.51x | ฿-2.02 Billion |
| 2011 | 3.01% | 26.09% | 0.08x | 1.47x | ฿-1.84 Billion |
| 2012 | 2.32% | 18.52% | 0.09x | 1.46x | ฿-2.06 Billion |
| 2013 | 5.78% | 62.72% | 0.07x | 1.26x | ฿-1.71 Billion |
| 2014 | 4.38% | 48.29% | 0.08x | 1.15x | ฿-2.69 Billion |
| 2015 | 2.67% | 32.63% | 0.06x | 1.43x | ฿-3.30 Billion |
| 2016 | 7.26% | 68.28% | 0.08x | 1.33x | ฿-1.30 Billion |
| 2017 | 3.82% | 28.16% | 0.10x | 1.36x | ฿-2.99 Billion |
| 2018 | 3.81% | 21.63% | 0.13x | 1.36x | ฿-2.98 Billion |
| 2019 | 3.88% | 26.59% | 0.11x | 1.37x | ฿-2.87 Billion |
| 2020 | 2.66% | 16.64% | 0.12x | 1.38x | ฿-3.36 Billion |
| 2021 | -1.80% | -25.71% | 0.05x | 1.41x | ฿-5.26 Billion |
| 2022 | 1.28% | 28.71% | 0.03x | 1.42x | ฿-3.89 Billion |
| 2023 | 1.45% | 17.35% | 0.06x | 1.43x | ฿-3.87 Billion |
| 2024 | 1.98% | 23.11% | 0.06x | 1.41x | ฿-3.87 Billion |
| 2025 | 1.34% | 12.61% | 0.07x | 1.42x | ฿-4.23 Billion |
Industry Comparison
This section compares Bangkok Land Public Company Limited's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $41,747,921,071
- Average return on equity (ROE) among peers: 17.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Land Public Company Limited (BLAND-R) | ฿57.33 Billion | -20.10% | 0.22x | $275.84 Million |
| Central Pattana Public Company Limited (CPN) | $41.75 Billion | 17.50% | 1.13x | $8.67 Billion |
About Bangkok Land Public Company Limited
Bangkok Land Public Company Limited engages in the real estate development, exhibition and convention, food and beverage sales, and hotel and education investment businesses in Thailand. It operates through Real Estate Business; Retail Business; Exhibition Center Business; and Other Service segments. The company develops residential properties, such as single houses, town houses, and condominiums… Read more