LH Financial Group Public Company Limited
LH Financial Group Public Company Limited, an investment holding company, engages in the banking business in Thailand. It operates through four segments: Investment Holding Business, Banking Business, Fund Management Business, and Securities Businesses. The company was incorporated in 2009 and is based in Bangkok, Thailand.
LH Financial Group Public Company Limited (LHFG) - Net Assets
Latest net assets as of December 2025: ฿42.72 Billion THB
Based on the latest financial reports, LH Financial Group Public Company Limited (LHFG) has net assets worth ฿42.72 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿398.81 Billion) and total liabilities (฿356.09 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 | ฿42.72 Billion |
| % of Total Assets | 10.71% |
| Annual Growth Rate | 17.51% |
| 5-Year Change | 11.83% |
| 10-Year Change | 110.27% |
| Growth Volatility | 26225.18 |
LH Financial Group Public Company Limited - Net Assets Trend (2008–2025)
This chart illustrates how LH Financial Group 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 LH Financial Group Public Company Limited (2008–2025)
The table below shows the annual net assets of LH Financial Group Public Company Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿42.72 Billion | +10.54% |
| 2024-12-31 | ฿38.64 Billion | +7.46% |
| 2023-12-31 | ฿35.96 Billion | -2.47% |
| 2022-12-31 | ฿36.87 Billion | -3.48% |
| 2021-12-31 | ฿38.20 Billion | -1.12% |
| 2020-12-31 | ฿38.63 Billion | -6.15% |
| 2019-12-31 | ฿41.16 Billion | +3.66% |
| 2018-12-31 | ฿39.71 Billion | +2.99% |
| 2017-12-31 | ฿38.55 Billion | +89.78% |
| 2016-12-31 | ฿20.32 Billion | +13.17% |
| 2015-12-31 | ฿17.95 Billion | +10.22% |
| 2014-12-31 | ฿16.29 Billion | +8.42% |
| 2013-12-31 | ฿15.02 Billion | +6.03% |
| 2012-12-31 | ฿14.17 Billion | +6.42% |
| 2011-12-31 | ฿13.31 Billion | +113.80% |
| 2010-12-31 | ฿6.23 Billion | -99.80% |
| 2009-12-31 | ฿3.07 Trillion | +111466.85% |
| 2008-12-31 | ฿2.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to LH Financial Group 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 8091.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿11.48 Billion | 26.87% |
| Other Components | ฿31.24 Billion | 73.13% |
| Total Equity | ฿42.72 Billion | 100.00% |
LH Financial Group Public Company Limited Competitors by Market Cap
The table below lists competitors of LH Financial Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zimplats Holdings Limited
PINK:ZMPLF
|
$108.77 Million |
|
AC IMMUNE SA SF-02
F:IMR
|
$108.78 Million |
|
XRF Scientific Ltd
AU:XRF
|
$108.79 Million |
|
Kginicis Co.Ltd
KQ:035600
|
$108.80 Million |
|
Hyundai Pharm
KO:004310
|
$108.67 Million |
|
Datalogic S.p.A
OTCGREY:DLGCF
|
$108.65 Million |
|
Acumen Pharmaceuticals Inc
NASDAQ:ABOS
|
$108.65 Million |
|
JAPFA LTD
F:1O4
|
$108.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LH Financial Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,643,806,000 to 42,716,706,000, a change of 4,072,900,000 (10.5%).
- Net income of 2,885,869,000 contributed positively to equity growth.
- Dividend payments of 847,332,000 reduced retained earnings.
- Other factors increased equity by 2,034,363,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.89 Billion | +6.76% |
| Dividends Paid | ฿847.33 Million | -1.98% |
| Other Changes | ฿2.03 Billion | +4.76% |
| Total Change | ฿- | 10.54% |
Book Value vs Market Value Analysis
This analysis compares LH Financial Group 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: 0.51x
- 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 4.02x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿0.25 | ฿1.02 | x |
| 2009-12-31 | ฿283.37 | ฿1.02 | x |
| 2010-12-31 | ฿1.12 | ฿1.02 | x |
| 2011-12-31 | ฿1.12 | ฿1.02 | x |
| 2012-12-31 | ฿1.14 | ฿1.02 | x |
| 2013-12-31 | ฿1.14 | ฿1.02 | x |
| 2014-12-31 | ฿1.21 | ฿1.02 | x |
| 2015-12-31 | ฿1.32 | ฿1.02 | x |
| 2016-12-31 | ฿1.49 | ฿1.02 | x |
| 2017-12-31 | ฿2.28 | ฿1.02 | x |
| 2018-12-31 | ฿1.88 | ฿1.02 | x |
| 2019-12-31 | ฿1.94 | ฿1.02 | x |
| 2020-12-31 | ฿1.84 | ฿1.02 | x |
| 2021-12-31 | ฿1.81 | ฿1.02 | x |
| 2022-12-31 | ฿1.74 | ฿1.02 | x |
| 2023-12-31 | ฿1.70 | ฿1.02 | x |
| 2024-12-31 | ฿1.82 | ฿1.02 | x |
| 2025-12-31 | ฿2.02 | ฿1.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LH Financial Group 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): 6.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.02%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 9.34x
- Recent ROE (6.76%) is below the historical average (6.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.74% | 24.23% | 0.02x | 16.08x | ฿-34.78 Million |
| 2009 | 11.79% | 26.05% | 0.03x | 16.19x | ฿54.96 Billion |
| 2010 | 6.55% | 24.35% | 0.03x | 10.01x | ฿-214.53 Million |
| 2011 | 3.72% | 26.45% | 0.02x | 6.10x | ฿-835.39 Million |
| 2012 | 4.82% | 27.48% | 0.02x | 8.64x | ฿-733.87 Million |
| 2013 | 5.95% | 26.95% | 0.02x | 9.93x | ฿-608.72 Million |
| 2014 | 7.38% | 28.29% | 0.03x | 10.13x | ฿-427.25 Million |
| 2015 | 9.20% | 29.80% | 0.03x | 11.12x | ฿-143.37 Million |
| 2016 | 13.27% | 38.70% | 0.03x | 10.44x | ฿664.87 Million |
| 2017 | 6.75% | 40.09% | 0.03x | 6.05x | ฿-1.25 Billion |
| 2018 | 7.83% | 44.03% | 0.03x | 6.19x | ฿-862.72 Million |
| 2019 | 7.81% | 40.67% | 0.03x | 5.85x | ฿-901.68 Million |
| 2020 | 5.32% | 25.71% | 0.03x | 6.45x | ฿-1.81 Billion |
| 2021 | 3.62% | 16.21% | 0.03x | 6.93x | ฿-2.44 Billion |
| 2022 | 4.28% | 18.44% | 0.03x | 8.18x | ฿-2.11 Billion |
| 2023 | 5.83% | 31.92% | 0.02x | 8.99x | ฿-1.50 Billion |
| 2024 | 5.30% | 21.88% | 0.03x | 8.98x | ฿-1.82 Billion |
| 2025 | 6.76% | 26.02% | 0.03x | 9.34x | ฿-1.39 Billion |
Industry Comparison
This section compares LH Financial Group Public Company Limited's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $225,935,513,261
- Average return on equity (ROE) among peers: 10.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LH Financial Group Public Company Limited (LHFG) | ฿42.72 Billion | 8.74% | 8.34x | $108.76 Million |
| Bank of Ayudhya PCL (BAY) | $243.72 Billion | 10.18% | 7.92x | $216.48 Million |
| Bangkok Bank PCL (BBL) | $244.69 Billion | 11.17% | 7.61x | $7.97 Billion |
| CIMB Thai Bank Public Company Limited (CIMBT) | $214.95 Billion | -2.06% | 0.01x | $19.21 Million |
| Thai Credit Pcl (CREDIT) | $14.38 Billion | 16.36% | 8.96x | $174.53 Million |
| SCB X Public Company Limited (SCB) | $483.73 Billion | 9.00% | 6.11x | $6.95 Billion |
| The Siam Commercial Bank Public Company Limited (SCB-R) | $363.76 Billion | 11.86% | 7.31x | $6.11 Billion |
| TISCO Financial Group Public Company Limited (TISCO) | $16.31 Billion | 20.03% | 12.53x | $2.25 Billion |