Land and Houses Freehold and Leasehold Property Fund (LHPF) - Net Assets
Based on the latest financial reports, Land and Houses Freehold and Leasehold Property Fund (LHPF) has net assets worth ฿3.62 Billion THB (≈ $112.94 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.81 Billion ≈ $118.73 Million USD) and total liabilities (฿185.80 Million ≈ $5.79 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 LHPF cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.62 Billion |
| % of Total Assets | 95.12% |
| Annual Growth Rate | 0.34% |
| 5-Year Change | 2.32% |
| 10-Year Change | 1.02% |
| Growth Volatility | 2.64 |
Land and Houses Freehold and Leasehold Property Fund - Net Assets Trend (2012–2024)
This chart illustrates how Land and Houses Freehold and Leasehold Property Fund's net assets have evolved over time, based on quarterly financial data. Also explore Land and Houses Freehold and Leasehold P asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Land and Houses Freehold and Leasehold Property Fund (2012–2024)
The table below shows the annual net assets of Land and Houses Freehold and Leasehold Property Fund from 2012 to 2024. For live valuation and market cap data, see LHPF company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.56 Billion ≈ $110.94 Million |
-5.11% |
| 2023-12-31 | ฿3.75 Billion ≈ $116.92 Million |
+0.55% |
| 2022-12-31 | ฿3.73 Billion ≈ $116.28 Million |
+4.45% |
| 2021-12-31 | ฿3.57 Billion ≈ $111.32 Million |
+2.67% |
| 2020-12-31 | ฿3.48 Billion ≈ $108.43 Million |
-1.75% |
| 2019-12-31 | ฿3.54 Billion ≈ $110.36 Million |
-0.25% |
| 2018-12-31 | ฿3.55 Billion ≈ $110.63 Million |
+0.24% |
| 2017-12-31 | ฿3.54 Billion ≈ $110.37 Million |
+1.46% |
| 2016-12-31 | ฿3.49 Billion ≈ $108.78 Million |
-0.96% |
| 2015-12-31 | ฿3.52 Billion ≈ $109.83 Million |
+2.10% |
| 2014-12-31 | ฿3.45 Billion ≈ $107.57 Million |
-2.64% |
| 2013-12-31 | ฿3.54 Billion ≈ $110.49 Million |
+3.77% |
| 2012-12-31 | ฿3.42 Billion ≈ $106.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Land and Houses Freehold and Leasehold Property 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 decreased by 84.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿18.47 Million | 0.52% |
| Common Stock | ฿3.54 Billion | 99.48% |
| Total Equity | ฿3.56 Billion | 100.00% |
Land and Houses Freehold and Leasehold Property Fund Competitors by Market Cap
The table below lists competitors of Land and Houses Freehold and Leasehold Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKILLCAST GROUP LS -001
F:K9I
|
$49.99 Million |
|
Grazziotin S.A
SA:CGRA3
|
$50.02 Million |
|
ZOOZ Power Ltd. Ordinary Shares
NASDAQ:ZOOZ
|
$50.03 Million |
|
YeaRimDang Publishing Co. Ltd
KQ:036000
|
$50.03 Million |
|
Brand Group (M.G) Ltd
TA:BRND
|
$49.95 Million |
|
Broad Capital Acquisition Corp Unit
NASDAQ:BRACU
|
$49.95 Million |
|
GeneOne Life Science Inc
KO:011000
|
$49.94 Million |
|
Nsys Co. Ltd.
KQ:333620
|
$49.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Land and Houses Freehold and Leasehold Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,751,247,794 to 3,559,438,780, a change of -191,809,014 (-5.1%).
- Net income of 18,472,780 contributed positively to equity growth.
- Other factors decreased equity by 210,281,794.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿18.47 Million | +0.52% |
| Other Changes | ฿-210.28 Million | -5.91% |
| Total Change | ฿- | -5.11% |
Book Value vs Market Value Analysis
This analysis compares Land and Houses Freehold and Leasehold Property 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: 0.45x
- 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 |
|---|---|---|---|
| 2012-12-31 | ฿10.35 | ฿4.86 | x |
| 2013-12-31 | ฿10.74 | ฿4.86 | x |
| 2014-12-31 | ฿10.46 | ฿4.86 | x |
| 2015-12-31 | ฿10.68 | ฿4.86 | x |
| 2016-12-31 | ฿10.58 | ฿4.86 | x |
| 2017-12-31 | ฿10.73 | ฿4.86 | x |
| 2018-12-31 | ฿10.76 | ฿4.86 | x |
| 2019-12-31 | ฿10.73 | ฿4.86 | x |
| 2020-12-31 | ฿10.54 | ฿4.86 | x |
| 2021-12-31 | ฿10.82 | ฿4.86 | x |
| 2022-12-31 | ฿11.30 | ฿4.86 | x |
| 2023-12-31 | ฿11.37 | ฿4.86 | x |
| 2024-12-31 | ฿10.79 | ฿4.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Land and Houses Freehold and Leasehold Property 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): 0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.96%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.05x
- Recent ROE (0.52%) is below the historical average (5.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.02% | 58.59% | 0.12x | 1.03x | ฿-101.78 Million |
| 2013 | 10.13% | 97.22% | 0.10x | 1.03x | ฿4.69 Million |
| 2014 | 3.97% | 39.73% | 0.10x | 1.03x | ฿-207.97 Million |
| 2015 | 8.60% | 89.57% | 0.09x | 1.02x | ฿-49.18 Million |
| 2016 | 6.13% | 59.43% | 0.10x | 1.02x | ฿-134.96 Million |
| 2017 | 6.38% | 66.06% | 0.09x | 1.02x | ฿-128.17 Million |
| 2018 | 5.12% | 51.64% | 0.10x | 1.02x | ฿-173.25 Million |
| 2019 | 4.62% | 49.22% | 0.09x | 1.02x | ฿-190.55 Million |
| 2020 | 0.74% | 12.37% | 0.06x | 1.05x | ฿-322.22 Million |
| 2021 | 4.45% | 79.54% | 0.05x | 1.05x | ฿-198.38 Million |
| 2022 | 6.47% | 89.78% | 0.07x | 1.05x | ฿-131.51 Million |
| 2023 | 4.07% | 48.17% | 0.08x | 1.05x | ฿-222.52 Million |
| 2024 | 0.52% | 52.96% | 0.01x | 1.05x | ฿-337.47 Million |
Industry Comparison
This section compares Land and Houses Freehold and Leasehold Property 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 |
|---|---|---|---|---|
| Land and Houses Freehold and Leasehold Property Fund (LHPF) | ฿3.62 Billion | 7.02% | 0.05x | $49.99 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 |
| HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) | $14.95 Million | 1087.82% | 314.39x | $71.78 Million |
| Lighting and Equipment Public Company Limited (L&E) | $1.11 Billion | 6.70% | 1.45x | $19.48 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 Land and Houses Freehold and Leasehold Property Fund
Land and Houses Freehold and Leasehold Property Fund is a real estate investment trust launched and managed by Land and Houses Fund Management Co., Ltd. The fund invests on real estate markets of Thailand. Land and Houses Freehold and Leasehold Property Fund was formed on March 22, 2012 and is domiciled in Thailand.