CPN Commercial Growth Leasehold Property Fund (CPNCG) - Net Assets
Based on the latest financial reports, CPN Commercial Growth Leasehold Property Fund (CPNCG) has net assets worth ฿4.26 Billion THB (≈ $132.93 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.51 Billion ≈ $171.65 Million USD) and total liabilities (฿1.24 Billion ≈ $38.72 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 CPN Commercial Growth Leasehold Property asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.26 Billion |
| % of Total Assets | 77.44% |
| Annual Growth Rate | -0.31% |
| 5-Year Change | N/A |
| 10-Year Change | -11.28% |
| Growth Volatility | 82.54 |
CPN Commercial Growth Leasehold Property Fund - Net Assets Trend (2012–2023)
This chart illustrates how CPN Commercial Growth Leasehold Property Fund's net assets have evolved over time, based on quarterly financial data. Also explore CPNCG current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for CPN Commercial Growth Leasehold Property Fund (2012–2023)
The table below shows the annual net assets of CPN Commercial Growth Leasehold Property Fund from 2012 to 2023. For live valuation and market cap data, see CPN Commercial Growth Leasehold Property stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿4.35 Billion ≈ $135.69 Million |
+199.47% |
| 2022-12-31 | ฿-4.38 Billion ≈ $-136.41 Million |
-0.65% |
| 2021-12-31 | ฿-4.35 Billion ≈ $-135.53 Million |
+0.21% |
| 2020-12-31 | ฿-4.36 Billion ≈ $-135.82 Million |
+0.08% |
| 2019-12-31 | ฿-4.36 Billion ≈ $-135.93 Million |
+0.04% |
| 2018-12-31 | ฿-4.36 Billion ≈ $-135.99 Million |
+0.04% |
| 2017-12-31 | ฿-4.36 Billion ≈ $-136.05 Million |
0.00% |
| 2016-12-31 | ฿-4.36 Billion ≈ $-136.05 Million |
-186.64% |
| 2015-12-31 | ฿5.04 Billion ≈ $157.02 Million |
+2.66% |
| 2014-12-31 | ฿4.91 Billion ≈ $152.95 Million |
+0.65% |
| 2013-12-31 | ฿4.88 Billion ≈ $151.96 Million |
+8.28% |
| 2012-12-31 | ฿4.50 Billion ≈ $140.33 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CPN Commercial Growth Leasehold Property Fund'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 1.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿109.21 Million | 2.51% |
| Common Stock | ฿4.24 Billion | 97.49% |
| Total Equity | ฿4.35 Billion | 100.00% |
CPN Commercial Growth Leasehold Property Fund Competitors by Market Cap
The table below lists competitors of CPN Commercial Growth Leasehold Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TIAN GE INT.HLDGS DL-0001
F:04T
|
$81.12 Million |
|
Elanor Investors Group
AU:ENN
|
$81.13 Million |
|
Pearl Holdings Acquisition Corp
NASDAQ:PRLH
|
$81.14 Million |
|
Blue Cap AG
XETRA:B7E
|
$81.20 Million |
|
Neuraxis, Inc.
NYSE MKT:NRXS
|
$81.11 Million |
|
Golden Bridge Electech Inc
TW:6133
|
$81.10 Million |
|
Noble Development Public Company Limited
BK:NOBLE
|
$81.10 Million |
|
Cheer Time Enterprise Co Ltd
TW:3229
|
$81.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CPN Commercial Growth Leasehold Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,378,471,296 to 4,353,243,892, a change of -2,025,227,404 (-31.8%).
- Net loss of 139,607,390 reduced equity.
- Dividend payments of 283,757,599 reduced retained earnings.
- Share repurchases of 150,347,584 reduced equity.
- Other comprehensive income decreased equity by 4,926,956,465.
- Other factors increased equity by 3,475,441,634.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-139.61 Million | -3.21% |
| Dividends Paid | ฿283.76 Million | -6.52% |
| Share Repurchases | ฿150.35 Million | -3.45% |
| Other Comprehensive Income | ฿-4.93 Billion | -113.18% |
| Other Changes | ฿3.48 Billion | +79.84% |
| Total Change | ฿- | -31.75% |
Book Value vs Market Value Analysis
This analysis compares CPN Commercial Growth Leasehold Property Fund'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: 0.60x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿10.55 | ฿6.10 | x |
| 2013-12-31 | ฿11.43 | ฿6.10 | x |
| 2014-12-31 | ฿11.50 | ฿6.10 | x |
| 2015-12-31 | ฿11.81 | ฿6.10 | x |
| 2016-12-31 | ฿5419637274.00 | ฿6.10 | x |
| 2017-12-31 | ฿5225890808.00 | ฿6.10 | x |
| 2018-12-31 | ฿5188645960.00 | ฿6.10 | x |
| 2019-12-31 | ฿5149286181.00 | ฿6.10 | x |
| 2020-12-31 | ฿6144000339.00 | ฿6.10 | x |
| 2021-12-31 | ฿6107207702.00 | ฿6.10 | x |
| 2022-12-31 | ฿6378471296.00 | ฿6.10 | x |
| 2023-12-31 | ฿10.20 | ฿6.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CPN Commercial Growth Leasehold Property Fund 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): -3.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.60%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.33x
- Recent ROE (-3.21%) is below the historical average (7.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.19% | 76.08% | 0.08x | 1.12x | ฿-126.46 Million |
| 2013 | 14.82% | 139.48% | 0.10x | 1.12x | ฿234.85 Million |
| 2014 | 7.45% | 67.96% | 0.10x | 1.11x | ฿-125.37 Million |
| 2015 | 9.61% | 86.27% | 0.10x | 1.11x | ฿-19.77 Million |
| 2016 | 4.50% | 42.68% | 19.30x | 0.01x | ฿-298.17 Million |
| 2017 | 4.77% | 40.76% | 20.66x | 0.01x | ฿-273.36 Million |
| 2018 | 7.75% | 62.31% | 20.52x | 0.01x | ฿-116.81 Million |
| 2019 | 8.41% | 66.26% | 19.63x | 0.01x | ฿-81.77 Million |
| 2020 | 8.17% | 72.41% | 18.72x | 0.01x | ฿-112.74 Million |
| 2021 | 7.30% | 66.45% | 14.50x | 0.01x | ฿-165.17 Million |
| 2022 | 7.88% | 69.22% | 40.33x | 0.00x | ฿-135.37 Million |
| 2023 | -3.21% | -17.60% | 0.14x | 1.33x | ฿-574.93 Million |
Industry Comparison
This section compares CPN Commercial Growth Leasehold Property Fund's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CPN Commercial Growth Leasehold Property Fund (CPNCG) | ฿4.26 Billion | 7.19% | 0.29x | $81.12 Million |
| Centara Hotels & Resorts Leasehold Property Fund (CTARAF) | $1.95 Billion | 5.90% | 0.00x | $45.68 Million |
| Food and Drinks Public Company Limited (F&D) | $573.40 Million | -11.27% | 0.83x | $29.11 Million |
| Future Park Leasehold Property Fund (FUTUREPF) | $6.37 Billion | 12.73% | 0.15x | $206.33 Million |
| HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) | $14.95 Million | 1087.82% | 314.39x | $71.78 Million |
| Lighting and Equipment Public Company Limited (L&E) | $1.11 Billion | 6.70% | 1.45x | $19.48 Million |
| Land and Houses Freehold and Leasehold Property Fund (LHPF) | $3.54 Billion | 4.62% | 0.02x | $49.99 Million |
| Luxury Real Estate Investment Fund (LUXF) | $2.17 Billion | 8.78% | 0.00x | $52.06 Million |
| Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) | $3.58 Billion | 2.63% | 0.00x | $66.50 Million |
| Sala @ Sathorn Property Fund (SSPF) | $1.49 Billion | 3.50% | 0.00x | $20.72 Million |
About CPN Commercial Growth Leasehold Property Fund
CPN Commercial Growth Leasehold Property Fund invests in real estate. The fund focuses on prime office buildings in Bangkok's Central Business District.