Grande Asset Hotels and Property Public Company Limited
Grande Asset Hotels and Property Public Company Limited, together with its subsidiaries, engages in the hotel businesses in Thailand. The company is also involved in property development and rental businesses. The company was formerly known as Grande Asset Development Public Company Limited and changed its name to Grande Asset Hotels and Property Public Company Limited in February 2008. Grande As… Read more
Grande Asset Hotels and Property Public Company Limited (GRAND) - Net Assets
Latest net assets as of September 2025: ฿1.55 Billion THB
Based on the latest financial reports, Grande Asset Hotels and Property Public Company Limited (GRAND) has net assets worth ฿1.55 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿13.01 Billion) and total liabilities (฿11.46 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 | ฿1.55 Billion |
| % of Total Assets | 11.88% |
| Annual Growth Rate | 1.28% |
| 5-Year Change | -25.57% |
| 10-Year Change | -20.05% |
| Growth Volatility | 108.33 |
Grande Asset Hotels and Property Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how Grande Asset Hotels and Property 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 Grande Asset Hotels and Property Public Company Limited (2002–2024)
The table below shows the annual net assets of Grande Asset Hotels and Property Public Company Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.32 Billion | -27.19% |
| 2023-12-31 | ฿3.18 Billion | -18.81% |
| 2022-12-31 | ฿3.92 Billion | -10.57% |
| 2021-12-31 | ฿4.38 Billion | +40.81% |
| 2020-12-31 | ฿3.11 Billion | -25.22% |
| 2019-12-31 | ฿4.16 Billion | -8.79% |
| 2018-12-31 | ฿4.56 Billion | +25.90% |
| 2017-12-31 | ฿3.62 Billion | +24.85% |
| 2016-12-31 | ฿2.90 Billion | +0.20% |
| 2015-12-31 | ฿2.90 Billion | -4.48% |
| 2014-12-31 | ฿3.03 Billion | +32.51% |
| 2013-12-31 | ฿2.29 Billion | -2.73% |
| 2012-12-31 | ฿2.35 Billion | -5.30% |
| 2011-12-31 | ฿2.48 Billion | +179.06% |
| 2010-12-31 | ฿890.15 Million | +467.75% |
| 2009-12-31 | ฿156.79 Million | -77.64% |
| 2008-12-31 | ฿701.03 Million | -73.14% |
| 2007-12-31 | ฿2.61 Billion | -30.23% |
| 2006-12-31 | ฿3.74 Billion | +49.86% |
| 2005-12-31 | ฿2.50 Billion | +10.26% |
| 2004-12-31 | ฿2.26 Billion | +40.97% |
| 2003-12-31 | ฿1.61 Billion | -8.28% |
| 2002-12-31 | ฿1.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grande Asset Hotels and Property 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 decreased by 317992261400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿4.67 Billion | 211.60% |
| Other Comprehensive Income | ฿49.89 Million | 2.26% |
| Other Components | ฿666.74 Million | 30.21% |
| Total Equity | ฿2.21 Billion | 100.00% |
Grande Asset Hotels and Property Public Company Limited Competitors by Market Cap
The table below lists competitors of Grande Asset Hotels and Property Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phase Holographic Imaging PHI AB (publ)
F:L5W
|
$2.69 Million |
|
TRAVLR COMP (PA9.SG)
STU:PA9
|
$2.69 Million |
|
Playgon Games Inc
PINK:PLGNF
|
$2.69 Million |
|
Patriot Resources Ltd
AU:PAT
|
$2.69 Million |
|
Logiq Inc
PINK:LGIQ
|
$2.69 Million |
|
PT Menn Teknologi Indonesia
JK:MENN
|
$2.69 Million |
|
Trive Property Group Bhd
KLSE:0118
|
$2.69 Million |
|
Regency Ceramics Limited
NSE:REGENCERAM
|
$2.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grande Asset Hotels and Property Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,070,378,019 to 2,207,274,585, a change of -863,103,434 (-28.1%).
- Net loss of 673,282,394 reduced equity.
- Other comprehensive income decreased equity by 2,891,443,833.
- Other factors increased equity by 2,701,622,793.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-673.28 Million | -30.5% |
| Other Comprehensive Income | ฿-2.89 Billion | -131.0% |
| Other Changes | ฿2.70 Billion | +122.4% |
| Total Change | ฿- | -28.11% |
Book Value vs Market Value Analysis
This analysis compares Grande Asset Hotels and Property 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: 0.13x
- 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 increased from 0.02x to 0.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.43 | ฿0.03 | x |
| 2007-12-31 | ฿0.89 | ฿0.03 | x |
| 2008-12-31 | ฿0.24 | ฿0.03 | x |
| 2009-12-31 | ฿0.05 | ฿0.03 | x |
| 2010-12-31 | ฿0.32 | ฿0.03 | x |
| 2011-12-31 | ฿0.75 | ฿0.03 | x |
| 2012-12-31 | ฿0.40 | ฿0.03 | x |
| 2013-12-31 | ฿0.38 | ฿0.03 | x |
| 2014-12-31 | ฿0.50 | ฿0.03 | x |
| 2015-12-31 | ฿0.48 | ฿0.03 | x |
| 2016-12-31 | ฿0.46 | ฿0.03 | x |
| 2017-12-31 | ฿0.58 | ฿0.03 | x |
| 2018-12-31 | ฿0.65 | ฿0.03 | x |
| 2019-12-31 | ฿0.57 | ฿0.03 | x |
| 2020-12-31 | ฿0.42 | ฿0.03 | x |
| 2021-12-31 | ฿0.59 | ฿0.03 | x |
| 2022-12-31 | ฿0.43 | ฿0.03 | x |
| 2023-12-31 | ฿0.33 | ฿0.03 | x |
| 2024-12-31 | ฿0.24 | ฿0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grande Asset Hotels and Property 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): -30.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.54%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 6.22x
- Recent ROE (-30.50%) is below the historical average (-20.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 18.33% | 83.04% | 0.12x | 1.89x | ฿145.83 Million |
| 2004 | 5.75% | 14.83% | 0.13x | 3.05x | ฿-96.22 Million |
| 2005 | 1.90% | 2.83% | 0.20x | 3.31x | ฿-202.25 Million |
| 2006 | -2.78% | -4.00% | 0.26x | 2.66x | ฿-478.09 Million |
| 2007 | -38.90% | -118.04% | 0.09x | 3.84x | ฿-1.28 Billion |
| 2008 | -36.03% | -13.51% | 0.25x | 10.47x | ฿-322.66 Million |
| 2009 | -347.13% | -86.02% | 0.09x | 43.77x | ฿-559.93 Million |
| 2010 | 82.39% | 101.02% | 0.11x | 7.51x | ฿644.35 Million |
| 2011 | 16.39% | 47.79% | 0.13x | 2.66x | ฿158.61 Million |
| 2012 | -17.71% | -43.54% | 0.14x | 2.96x | ฿-651.77 Million |
| 2013 | -6.80% | -12.70% | 0.16x | 3.41x | ฿-384.48 Million |
| 2014 | 19.85% | 12.32% | 0.88x | 1.82x | ฿298.79 Million |
| 2015 | -4.16% | -8.85% | 0.23x | 2.03x | ฿-410.11 Million |
| 2016 | 0.20% | 0.42% | 0.18x | 2.65x | ฿-284.32 Million |
| 2017 | 19.96% | 31.37% | 0.25x | 2.56x | ฿360.73 Million |
| 2018 | 6.29% | 8.48% | 0.24x | 3.04x | ฿-166.72 Million |
| 2019 | -7.37% | -10.16% | 0.20x | 3.54x | ฿-712.34 Million |
| 2020 | -34.05% | -104.14% | 0.07x | 4.42x | ฿-1.35 Billion |
| 2021 | -40.64% | -337.09% | 0.03x | 4.12x | ฿-2.16 Billion |
| 2022 | -25.01% | -55.13% | 0.09x | 4.81x | ฿-1.33 Billion |
| 2023 | -24.53% | -28.73% | 0.14x | 5.95x | ฿-1.06 Billion |
| 2024 | -30.50% | -25.54% | 0.19x | 6.22x | ฿-894.01 Million |
Industry Comparison
This section compares Grande Asset Hotels and Property Public Company Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $19,104,542,608
- Average return on equity (ROE) among peers: 5.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grande Asset Hotels and Property Public Company Limited (GRAND) | ฿1.55 Billion | 18.33% | 7.42x | $2.69 Million |
| Asia Hotel Public Company Limited (ASIA) | $-1.12 Billion | 0.00% | 0.00x | $14.84 Million |
| Asset World Corp Public Company Limited (AWC) | $71.19 Billion | -2.64% | 0.75x | $449.34 Million |
| ASSET WORLD CORP PCL-NVDR (AWC-R) | $79.21 Billion | 1.09% | 0.75x | $523.94 Million |
| Dusit Thani Public Company Limited (DUSIT) | $5.88 Billion | 4.54% | 0.70x | $79.16 Million |
| The Erawan Group Public Company Limited (ERW) | $4.73 Billion | -2.36% | 2.07x | $162.54 Million |
| Laguna Resorts & Hotels Public Company Limited (LRH) | $8.24 Billion | 10.74% | 0.15x | $16.35 Million |
| Mandarin Hotel Public Company Limited (MANRIN) | $387.72 Million | 8.95% | 0.96x | $3.09 Million |
| OHTL Public Company Limited (OHTL) | $2.48 Billion | 16.91% | 1.31x | $20.45 Million |
| Royal Orchid Hotel (Thailand) Public Company Limited (ROH) | $939.69 Million | 15.10% | 0.24x | $984.22K |