Land and Houses Public Company Limited (LH) - Net Assets

Latest as of September 2025: ฿53.94 Billion THB ≈ $1.68 Billion USD

Based on the latest financial reports, Land and Houses Public Company Limited (LH) has net assets worth ฿53.94 Billion THB (≈ $1.68 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿143.06 Billion ≈ $4.46 Billion USD) and total liabilities (฿89.12 Billion ≈ $2.78 Billion 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 Land and Houses Public Company Limited (LH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿53.94 Billion
% of Total Assets	37.7%
Annual Growth Rate	6.71%
5-Year Change	3.21%
10-Year Change	11.36%
Growth Volatility	16.03

Land and Houses Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Land and Houses Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Land and Houses Public Company Limited total assets for the complete picture of this company's asset base.

Annual Net Assets for Land and Houses Public Company Limited (2000–2024)

The table below shows the annual net assets of Land and Houses Public Company Limited from 2000 to 2024. For live valuation and market cap data, see LH stock market capitalisation.

Year	Net Assets	Change
2024-12-31	฿52.22 Billion ≈ $1.63 Billion	-0.02%
2023-12-31	฿52.23 Billion ≈ $1.63 Billion	-0.10%
2022-12-31	฿52.28 Billion ≈ $1.63 Billion	+3.24%
2021-12-31	฿50.65 Billion ≈ $1.58 Billion	+0.09%
2020-12-31	฿50.60 Billion ≈ $1.58 Billion	-4.86%
2019-12-31	฿53.18 Billion ≈ $1.66 Billion	+4.79%
2018-12-31	฿50.75 Billion ≈ $1.58 Billion	-0.11%
2017-12-31	฿50.81 Billion ≈ $1.58 Billion	+5.96%
2016-12-31	฿47.95 Billion ≈ $1.49 Billion	+2.25%
2015-12-31	฿46.90 Billion ≈ $1.46 Billion	+5.92%
2014-12-31	฿44.27 Billion ≈ $1.38 Billion	+27.07%
2013-12-31	฿34.84 Billion ≈ $1.09 Billion	+9.01%
2012-12-31	฿31.96 Billion ≈ $996.28 Million	+4.89%
2011-12-31	฿30.47 Billion ≈ $949.79 Million	+6.73%
2010-12-31	฿28.55 Billion ≈ $889.92 Million	+4.42%
2009-12-31	฿27.34 Billion ≈ $852.27 Million	-30.26%
2008-12-31	฿39.21 Billion ≈ $1.22 Billion	+55.35%
2007-12-31	฿25.24 Billion ≈ $786.62 Million	+7.61%
2006-12-31	฿23.45 Billion ≈ $730.97 Million	-1.53%
2005-12-31	฿23.82 Billion ≈ $742.33 Million	+5.89%
2004-12-31	฿22.49 Billion ≈ $701.06 Million	-1.20%
2003-12-31	฿22.77 Billion ≈ $709.59 Million	+25.77%
2002-12-31	฿18.10 Billion ≈ $564.19 Million	+39.16%
2001-12-31	฿13.01 Billion ≈ $405.42 Million	+18.30%
2000-12-31	฿11.00 Billion ≈ $342.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Land and Houses 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 2435646127800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿24.36 Billion	47.31%
Common Stock	฿11.95 Billion	23.21%
Other Comprehensive Income	฿2.43 Billion	4.72%
Other Components	฿12.75 Billion	24.76%
Total Equity	฿51.48 Billion	100.00%

Land and Houses Public Company Limited Competitors by Market Cap

The table below lists competitors of Land and Houses Public Company Limited ranked by their market capitalization.

Company	Market Cap
Inox Wind Energy Limited NSE:IWEL	$1.34 Billion
UMH Properties Inc NYSE:UMH	$1.34 Billion
VGI Public Company Limited BK:VGI-R	$1.34 Billion
Sichuan Jinlu Group Co Ltd SHE:000510	$1.34 Billion
Gelex Group JSC VN:GEX	$1.34 Billion
Jiangsu Yinhe Electronics Co Ltd SHE:002519	$1.34 Billion
Clariane SE PA:CLARI	$1.34 Billion
Dorchester Minerals LP NASDAQ:DMLP	$1.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Land and Houses Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 51,512,533,454 to 51,483,262,894, a change of -29,270,560 (-0.1%).
Net income of 5,490,581,306 contributed positively to equity growth.
Dividend payments of 5,376,664,537 reduced retained earnings.
Other comprehensive income increased equity by 3,077,868,212.
Other factors decreased equity by 3,221,055,541.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿5.49 Billion	+10.66%
Dividends Paid	฿5.38 Billion	-10.44%
Other Comprehensive Income	฿3.08 Billion	+5.98%
Other Changes	฿-3.22 Billion	-6.26%
Total Change	฿-	-0.06%

Book Value vs Market Value Analysis

This analysis compares Land and Houses 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: 0.84x
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 1.99x to 0.84x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	฿1.81	฿3.60	x
2003-12-31	฿2.17	฿3.60	x
2004-12-31	฿2.08	฿3.60	x
2005-12-31	฿2.05	฿3.60	x
2006-12-31	฿1.96	฿3.60	x
2007-12-31	฿2.07	฿3.60	x
2008-12-31	฿2.18	฿3.60	x
2009-12-31	฿2.18	฿3.60	x
2010-12-31	฿2.29	฿3.60	x
2011-12-31	฿2.44	฿3.60	x
2012-12-31	฿2.56	฿3.60	x
2013-12-31	฿2.79	฿3.60	x
2014-12-31	฿3.78	฿3.60	x
2015-12-31	฿3.86	฿3.60	x
2016-12-31	฿3.93	฿3.60	x
2017-12-31	฿4.19	฿3.60	x
2018-12-31	฿4.18	฿3.60	x
2019-12-31	฿4.39	฿3.60	x
2020-12-31	฿4.18	฿3.60	x
2021-12-31	฿4.18	฿3.60	x
2022-12-31	฿4.32	฿3.60	x
2023-12-31	฿4.31	฿3.60	x
2024-12-31	฿4.31	฿3.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Land and Houses 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): 10.66%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.38%
• Asset Turnover: 0.18x
• Equity Multiplier: 2.81x
Recent ROE (10.66%) is below the historical average (17.86%), 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	21.23%	23.75%	0.59x	1.51x	฿2.02 Billion
2003	27.36%	30.08%	0.65x	1.40x	฿3.93 Billion
2004	27.33%	28.66%	0.58x	1.65x	฿3.87 Billion
2005	22.40%	21.66%	0.61x	1.70x	฿2.87 Billion
2006	14.43%	18.43%	0.42x	1.86x	฿996.60 Million
2007	13.17%	16.89%	0.45x	1.74x	฿760.29 Million
2008	13.20%	21.41%	0.35x	1.78x	฿831.86 Million
2009	14.76%	21.59%	0.38x	1.79x	฿1.25 Billion
2010	14.44%	22.72%	0.32x	1.99x	฿1.22 Billion
2011	19.08%	29.17%	0.32x	2.07x	฿2.67 Billion
2012	18.27%	23.20%	0.38x	2.09x	฿2.55 Billion
2013	19.30%	25.60%	0.34x	2.24x	฿3.12 Billion
2014	19.67%	29.48%	0.33x	2.03x	฿4.14 Billion
2015	17.36%	29.87%	0.27x	2.15x	฿3.36 Billion
2016	18.36%	28.58%	0.30x	2.16x	฿3.92 Billion
2017	20.90%	29.72%	0.32x	2.19x	฿5.46 Billion
2018	20.96%	30.30%	0.31x	2.23x	฿5.48 Billion
2019	19.11%	32.97%	0.27x	2.16x	฿4.78 Billion
2020	14.32%	23.58%	0.25x	2.46x	฿2.15 Billion
2021	13.89%	21.21%	0.26x	2.51x	฿1.94 Billion
2022	16.12%	23.04%	0.29x	2.40x	฿3.15 Billion
2023	14.52%	27.45%	0.21x	2.56x	฿2.33 Billion
2024	10.66%	21.38%	0.18x	2.81x	฿342.26 Million

Industry Comparison

This section compares Land and Houses 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: $9,137,884,451
Average return on equity (ROE) among peers: 6.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Land and Houses Public Company Limited (LH)	฿53.94 Billion	21.23%	1.65x	$1.34 Billion
Areeya Property Public Company Limited (A)	$2.35 Billion	18.18%	1.34x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$6.74 Billion	13.83%	1.69x	$738.40 Million
Amata Corporation Public Company Limited (AMATA-R)	$16.98 Billion	10.26%	1.14x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$10.75 Billion	13.96%	1.36x	$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	1.31%	0.02x	$40.57 Million
Country Group Development Public Company Limited (CGD)	$54.92 Million	0.00%	12.48x	$30.92 Million
Chewathai Public Company Limited (CHEWA)	$1.90 Billion	3.68%	2.55x	$6.76 Million
Charn Issara Development Public Company Limited (CI)	$2.62 Billion	-8.47%	3.90x	$10.31 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$5.09 Billion	2.48%	0.44x	$37.57 Million

About Land and Houses Public Company Limited

BK:LH Thailand Real Estate - Development

Market Cap

$1.34 Billion

฿43.02 Billion THB

Market Cap Rank

#7841 Global

#55 in Thailand

Share Price

฿3.60

Change (1 day)

-2.17%

52-Week Range

฿3.28 - ฿4.48

All Time High

฿8.86