HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) - Net Assets
Based on the latest financial reports, HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) has net assets worth ฿4.31 Billion THB (≈ $134.40 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 (฿4.41 Billion ≈ $137.38 Million USD) and total liabilities (฿95.60 Million ≈ $2.98 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. Read HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOL balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.31 Billion |
| % of Total Assets | 97.83% |
| Annual Growth Rate | -1.07% |
| 5-Year Change | -1.05% |
| 10-Year Change | -11.83% |
| Growth Volatility | 1410.46 |
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND - Net Assets Trend (2013–2023)
This chart illustrates how HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND's net assets have evolved over time, based on quarterly financial data. Also explore HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOL asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (2013–2023)
The table below shows the annual net assets of HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND from 2013 to 2023. For live valuation and market cap data, see HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOL stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿4.29 Billion ≈ $133.84 Million |
-0.44% |
| 2022-12-31 | ฿4.31 Billion ≈ $134.43 Million |
-1.50% |
| 2021-12-31 | ฿4.38 Billion ≈ $136.48 Million |
-0.04% |
| 2020-12-31 | ฿4.38 Billion ≈ $136.53 Million |
+0.95% |
| 2019-12-31 | ฿4.34 Billion ≈ $135.25 Million |
+4716.00% |
| 2018-12-31 | ฿90.10 Million ≈ $2.81 Million |
-8.29% |
| 2017-12-31 | ฿98.25 Million ≈ $3.06 Million |
+557.21% |
| 2016-12-31 | ฿14.95 Million ≈ $465.97K |
-99.69% |
| 2015-12-31 | ฿4.79 Billion ≈ $149.31 Million |
-1.63% |
| 2014-12-31 | ฿4.87 Billion ≈ $151.79 Million |
+1.82% |
| 2013-12-31 | ฿4.78 Billion ≈ $149.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD 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 842.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿55.90 Million | 1.30% |
| Common Stock | ฿4.24 Billion | 98.70% |
| Total Equity | ฿4.29 Billion | 100.00% |
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND Competitors by Market Cap
The table below lists competitors of HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KENERGY
KLSE:0307
|
$71.81 Million |
|
ELUON Corporation
KQ:065440
|
$71.84 Million |
|
COWELL FASHION Co.Ltd
KQ:033290
|
$71.85 Million |
|
Sera Prognostics Inc
NASDAQ:SERA
|
$71.87 Million |
|
InnoTec TSS AG
F:TSS
|
$71.78 Million |
|
BIMobject AB
ST:BIM
|
$71.75 Million |
|
PJ Electronics Co. Ltd
KQ:006140
|
$71.73 Million |
|
Southern Concrete Pile PCL
BK:SCP
|
$71.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,312,927,921 to 4,293,892,743, a change of -19,035,178 (-0.4%).
- Net income of 187,294,827 contributed positively to equity growth.
- Dividend payments of 70,500,000 reduced retained earnings.
- Share repurchases of 135,830,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿187.29 Million | +4.36% |
| Dividends Paid | ฿70.50 Million | -1.64% |
| Share Repurchases | ฿135.83 Million | -3.16% |
| Other Changes | ฿-5.00 | -0.0% |
| Total Change | ฿- | -0.44% |
Book Value vs Market Value Analysis
This analysis compares HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD 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: 0.54x
- 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 |
|---|---|---|---|
| 2014-12-31 | ฿10.20 | ฿4.90 | x |
| 2015-12-31 | ฿10.19 | ฿4.90 | x |
| 2016-12-31 | ฿0.00 | ฿4.90 | x |
| 2017-12-31 | ฿0.00 | ฿4.90 | x |
| 2018-12-31 | ฿0.00 | ฿4.90 | x |
| 2019-12-31 | ฿9.23 | ฿4.90 | x |
| 2020-12-31 | ฿9.32 | ฿4.90 | x |
| 2021-12-31 | ฿9.32 | ฿4.90 | x |
| 2022-12-31 | ฿9.18 | ฿4.90 | x |
| 2023-12-31 | ฿9.14 | ฿4.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD 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): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 68.38%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.02x
- Recent ROE (4.36%) is above the historical average (3.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.13% | 84.71% | 0.00x | 1.02x | ฿-464.66 Million |
| 2014 | 6.90% | 88.42% | 0.08x | 1.02x | ฿-148.53 Million |
| 2015 | 6.47% | 83.41% | 0.08x | 1.02x | ฿-168.86 Million |
| 2016 | 3.45% | 44.04% | 0.08x | 1.00x | ฿-308.87 Million |
| 2017 | 4.50% | 92.38% | 0.05x | 1.00x | ฿-260.26 Million |
| 2018 | 3.47% | 72.81% | 0.05x | 1.00x | ฿-307.99 Million |
| 2019 | -3.31% | -62.96% | 0.05x | 1.02x | ฿-577.57 Million |
| 2020 | 5.34% | 99.51% | 0.05x | 1.02x | ฿-204.26 Million |
| 2021 | 4.29% | 73.32% | 0.06x | 1.02x | ฿-250.17 Million |
| 2022 | 3.21% | 51.46% | 0.06x | 1.02x | ฿-292.66 Million |
| 2023 | 4.36% | 68.38% | 0.06x | 1.02x | ฿-242.09 Million |
Industry Comparison
This section compares HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD 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 |
|---|---|---|---|---|
| HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) | ฿4.31 Billion | 0.13% | 0.02x | $71.78 Million |
| CPN Commercial Growth Leasehold Property Fund (CPNCG) | $-4.38 Billion | 0.00% | 0.00x | $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 |
| 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 HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND
Hemaraj Industrial Property and Leasehold Fund specializes in acquiring and leasing the property. It includes freehold and leasehold, ownership and freehold rights of land and factories.