Eastern Star Real Estate Public Company Limited (ESTAR) - Net Assets
Based on the latest financial reports, Eastern Star Real Estate Public Company Limited (ESTAR) has net assets worth ฿5.09 Billion THB (≈ $158.76 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.32 Billion ≈ $228.07 Million USD) and total liabilities (฿2.22 Billion ≈ $69.31 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 asset resilience ratio of Eastern Star Real Estate Public Company to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿5.09 Billion |
| % of Total Assets | 69.61% |
| Annual Growth Rate | 6.97% |
| 5-Year Change | 4.29% |
| 10-Year Change | 7.75% |
| Growth Volatility | 60.67 |
Eastern Star Real Estate Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Eastern Star Real Estate Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Eastern Star Real Estate Public Company for the complete picture of this company's asset base.
Annual Net Assets for Eastern Star Real Estate Public Company Limited (2000–2025)
The table below shows the annual net assets of Eastern Star Real Estate Public Company Limited from 2000 to 2025. For live valuation and market cap data, see ESTAR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿5.09 Billion ≈ $158.76 Million |
+1.55% |
| 2024-12-31 | ฿5.02 Billion ≈ $156.34 Million |
+0.70% |
| 2023-12-31 | ฿4.98 Billion ≈ $155.26 Million |
+0.93% |
| 2022-12-31 | ฿4.94 Billion ≈ $153.83 Million |
+1.05% |
| 2021-12-31 | ฿4.88 Billion ≈ $152.23 Million |
-0.64% |
| 2020-12-31 | ฿4.92 Billion ≈ $153.21 Million |
+4.11% |
| 2019-12-31 | ฿4.72 Billion ≈ $147.17 Million |
-1.03% |
| 2018-12-31 | ฿4.77 Billion ≈ $148.69 Million |
-3.25% |
| 2017-12-31 | ฿4.93 Billion ≈ $153.68 Million |
+4.31% |
| 2016-12-31 | ฿4.73 Billion ≈ $147.33 Million |
+1.60% |
| 2015-12-31 | ฿4.65 Billion ≈ $145.01 Million |
-0.36% |
| 2014-12-31 | ฿4.67 Billion ≈ $145.53 Million |
+6.34% |
| 2013-12-31 | ฿4.39 Billion ≈ $136.85 Million |
+6.32% |
| 2012-12-31 | ฿4.13 Billion ≈ $128.72 Million |
-4.25% |
| 2011-12-31 | ฿4.31 Billion ≈ $134.43 Million |
+2.10% |
| 2010-12-31 | ฿4.22 Billion ≈ $131.67 Million |
+1.10% |
| 2009-12-31 | ฿4.18 Billion ≈ $130.24 Million |
+0.46% |
| 2008-12-31 | ฿4.16 Billion ≈ $129.64 Million |
+2.55% |
| 2007-12-31 | ฿4.06 Billion ≈ $126.42 Million |
+3.46% |
| 2006-12-31 | ฿3.92 Billion ≈ $122.19 Million |
+0.45% |
| 2005-12-31 | ฿3.90 Billion ≈ $121.64 Million |
-3.56% |
| 2004-12-31 | ฿4.05 Billion ≈ $126.13 Million |
+2.43% |
| 2003-12-31 | ฿3.95 Billion ≈ $123.14 Million |
+309.73% |
| 2002-12-31 | ฿964.23 Million ≈ $30.05 Million |
-14.06% |
| 2001-12-31 | ฿1.12 Billion ≈ $34.97 Million |
+18.63% |
| 2000-12-31 | ฿945.72 Million ≈ $29.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Eastern Star Real Estate 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 21432557600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿214.33 Million | 4.31% |
| Other Components | ฿4.76 Billion | 95.69% |
| Total Equity | ฿4.98 Billion | 100.00% |
Eastern Star Real Estate Public Company Limited Competitors by Market Cap
The table below lists competitors of Eastern Star Real Estate Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cellumed Co. Ltd
KQ:049180
|
$37.57 Million |
|
Petrolia SE
OL:PSE
|
$37.58 Million |
|
Gamehaus Holdings Inc. Class A Ordinary Shares
NASDAQ:GMHS
|
$37.59 Million |
|
Genus Paper & Boards Limited
NSE:GENUSPAPER
|
$37.60 Million |
|
Panjawattana Plastic Public Company Limited
BK:PJW
|
$37.55 Million |
|
Tourindo Guide Indonesia Pt
JK:PGJO
|
$37.54 Million |
|
Unitron Tech Co Ltd
KQ:142210
|
$37.54 Million |
|
Feerum S.A.
WAR:FEE
|
$37.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eastern Star Real Estate Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,900,003,712 to 4,975,121,453, a change of 75,117,741 (1.5%).
- Net income of 126,401,713 contributed positively to equity growth.
- Dividend payments of 50,088,211 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿126.40 Million | +2.54% |
| Dividends Paid | ฿50.09 Million | -1.01% |
| Other Changes | ฿-1.20 Million | -0.02% |
| Total Change | ฿- | 1.53% |
Book Value vs Market Value Analysis
This analysis compares Eastern Star Real Estate 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: 0.24x
- 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 |
|---|---|---|---|
| 2006-12-31 | ฿0.85 | ฿0.24 | x |
| 2007-12-31 | ฿0.89 | ฿0.24 | x |
| 2008-12-31 | ฿0.91 | ฿0.24 | x |
| 2009-12-31 | ฿0.91 | ฿0.24 | x |
| 2010-12-31 | ฿0.93 | ฿0.24 | x |
| 2011-12-31 | ฿0.95 | ฿0.24 | x |
| 2012-12-31 | ฿0.80 | ฿0.24 | x |
| 2013-12-31 | ฿0.85 | ฿0.24 | x |
| 2014-12-31 | ฿0.91 | ฿0.24 | x |
| 2015-12-31 | ฿0.90 | ฿0.24 | x |
| 2016-12-31 | ฿0.92 | ฿0.24 | x |
| 2017-12-31 | ฿0.96 | ฿0.24 | x |
| 2018-12-31 | ฿0.93 | ฿0.24 | x |
| 2019-12-31 | ฿0.92 | ฿0.24 | x |
| 2020-12-31 | ฿0.96 | ฿0.24 | x |
| 2021-12-31 | ฿0.95 | ฿0.24 | x |
| 2022-12-31 | ฿0.96 | ฿0.24 | x |
| 2023-12-31 | ฿0.98 | ฿0.24 | x |
| 2024-12-31 | ฿0.98 | ฿0.24 | x |
| 2025-12-31 | ฿0.99 | ฿0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eastern Star Real Estate 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): 2.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.25%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.47x
- Recent ROE (2.54%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 12.54% | 155.14% | 0.04x | 1.81x | ฿24.43 Million |
| 2004 | 2.48% | 60.94% | 0.04x | 1.06x | ฿-292.65 Million |
| 2006 | 0.53% | 3.81% | 0.12x | 1.18x | ฿-358.75 Million |
| 2007 | 3.48% | 10.44% | 0.31x | 1.09x | ฿-255.89 Million |
| 2008 | 2.56% | 9.42% | 0.26x | 1.06x | ฿-299.78 Million |
| 2009 | 0.53% | 3.25% | 0.15x | 1.06x | ฿-383.53 Million |
| 2010 | 1.14% | 7.24% | 0.15x | 1.08x | ฿-363.29 Million |
| 2011 | -3.61% | -35.14% | 0.09x | 1.12x | ฿-570.40 Million |
| 2012 | -3.59% | -35.67% | 0.08x | 1.22x | ฿-544.72 Million |
| 2013 | 3.50% | 9.20% | 0.27x | 1.38x | ฿-277.48 Million |
| 2014 | 6.15% | 22.33% | 0.18x | 1.49x | ฿-175.18 Million |
| 2015 | 2.93% | 7.84% | 0.27x | 1.38x | ฿-320.59 Million |
| 2016 | 4.39% | 10.61% | 0.33x | 1.26x | ฿-258.53 Million |
| 2017 | 8.43% | 15.64% | 0.44x | 1.24x | ฿-75.49 Million |
| 2018 | 2.48% | 6.77% | 0.28x | 1.31x | ฿-350.32 Million |
| 2019 | 1.14% | 3.83% | 0.18x | 1.69x | ฿-408.34 Million |
| 2020 | 3.93% | 7.12% | 0.37x | 1.50x | ฿-291.58 Million |
| 2021 | 0.45% | 1.73% | 0.19x | 1.42x | ฿-455.60 Million |
| 2022 | 1.06% | 2.85% | 0.28x | 1.33x | ฿-431.20 Million |
| 2023 | 0.61% | 2.27% | 0.19x | 1.41x | ฿-456.76 Million |
| 2024 | 0.70% | 1.81% | 0.25x | 1.55x | ฿-455.90 Million |
| 2025 | 2.54% | 6.25% | 0.28x | 1.47x | ฿-371.11 Million |
Industry Comparison
This section compares Eastern Star Real Estate 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: $12,965,487,503
- Average return on equity (ROE) among peers: -1.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eastern Star Real Estate Public Company Limited (ESTAR) | ฿5.09 Billion | 12.54% | 0.44x | $37.57 Million |
| Areeya Property Public Company Limited (A) | $3.33 Billion | 0.92% | 3.29x | $147.84 Million |
| Amata Corporation Public Company Limited (AMATA) | $18.75 Billion | 5.88% | 1.14x | $738.40 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $24.41 Billion | 9.59% | 0.95x | $605.77 Million |
| Ananda Development Public Company Limited (ANAN) | $18.47 Billion | 3.81% | 1.64x | $45.45 Million |
| AP (Thailand) Public Company Limited (AP) | $43.64 Billion | 11.50% | 0.95x | $843.27 Million |
| Baan Rock Garden Public Company Limited (BROCK) | $1.24 Billion | 0.67% | 0.02x | $40.57 Million |
| Country Group Development Public Company Limited (CGD) | $4.45 Billion | -5.66% | 2.70x | $30.92 Million |
| Chewathai Public Company Limited (CHEWA) | $1.14 Billion | -36.18% | 2.64x | $6.76 Million |
| Charn Issara Development Public Company Limited (CI) | $1.25 Billion | -1.42% | 1.89x | $10.31 Million |
About Eastern Star Real Estate Public Company Limited
Eastern Star Real Estate Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. The company operates through three segments: Real Estate Business, Golf Course Business, and Rental Business. It develops and sells houses, land, and residential condominium units; and rents single detached houses and apartment buildings. The company also oper… Read more