Lotus Retail Growth Freehold and Leasehold Property Fund
Tesco Lotus Retail Growth Freehold and Leasehold Property Fund specializes in investments in freehold and leasehold of 17 shopping malls anchored by a Tesco Lotus hypermarket.
Lotus Retail Growth Freehold and Leasehold Property Fund (LPF) - Net Assets
Latest net assets as of August 2024: ฿28.57 Billion THB
Based on the latest financial reports, Lotus Retail Growth Freehold and Leasehold Property Fund (LPF) has net assets worth ฿28.57 Billion THB as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿32.40 Billion) and total liabilities (฿3.84 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 | ฿28.57 Billion |
| % of Total Assets | 88.16% |
| Annual Growth Rate | 0.72% |
| 5-Year Change | -5.07% |
| 10-Year Change | 8.37% |
| Growth Volatility | 2.13 |
Lotus Retail Growth Freehold and Leasehold Property Fund - Net Assets Trend (2013–2024)
This chart illustrates how Lotus Retail Growth Freehold and Leasehold Property Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lotus Retail Growth Freehold and Leasehold Property Fund (2013–2024)
The table below shows the annual net assets of Lotus Retail Growth Freehold and Leasehold Property Fund from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | ฿28.48 Billion | +0.71% |
| 2023-02-28 | ฿28.27 Billion | -3.94% |
| 2022-02-28 | ฿29.43 Billion | -0.53% |
| 2021-02-28 | ฿29.59 Billion | -1.35% |
| 2020-02-29 | ฿30.00 Billion | +2.10% |
| 2019-02-28 | ฿29.38 Billion | +3.45% |
| 2018-02-28 | ฿28.40 Billion | +2.95% |
| 2017-02-28 | ฿27.59 Billion | +3.08% |
| 2016-02-29 | ฿26.76 Billion | +1.85% |
| 2015-02-28 | ฿26.28 Billion | -0.09% |
| 2014-02-28 | ฿26.30 Billion | -0.08% |
| 2013-02-28 | ฿26.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lotus Retail Growth 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 grown by 593.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.98 Billion | 10.47% |
| Common Stock | ฿25.49 Billion | 89.53% |
| Total Equity | ฿28.48 Billion | 100.00% |
Lotus Retail Growth Freehold and Leasehold Property Fund Competitors by Market Cap
The table below lists competitors of Lotus Retail Growth Freehold and Leasehold Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Télévision Française 1 Société anonyme
PINK:TVFCF
|
$552.75 Million |
|
NEW HORIZ.HEAL. DL-00005
F:6YZ
|
$552.84 Million |
|
Silicon2 Co. Ltd.
KQ:257720
|
$552.95 Million |
|
Daishin Securities Co Ltd Pref 2
KO:003547
|
$552.98 Million |
|
Browave
TWO:3163
|
$552.58 Million |
|
Sionna Therapeutics, Inc. Common Stock
NASDAQ:SION
|
$552.47 Million |
|
Shenzhen Bingchuan Network Co Ltd
SHE:300533
|
$552.40 Million |
|
Chennai Petroleum Corporation Limited
NSE:CHENNPETRO
|
$552.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lotus Retail Growth 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 28,274,173,857 to 28,475,937,462, a change of 201,763,605 (0.7%).
- Net income of 2,230,291,459 contributed positively to equity growth.
- Dividend payments of 2,028,527,854 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.23 Billion | +7.83% |
| Dividends Paid | ฿2.03 Billion | -7.12% |
| Total Change | ฿- | 0.71% |
Book Value vs Market Value Analysis
This analysis compares Lotus Retail Growth 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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-02-28 | ฿11.26 | ฿12.70 | x |
| 2014-02-28 | ฿11.25 | ฿12.70 | x |
| 2015-02-28 | ฿11.24 | ฿12.70 | x |
| 2016-02-29 | ฿11.45 | ฿12.70 | x |
| 2017-02-28 | ฿11.80 | ฿12.70 | x |
| 2018-02-28 | ฿12.15 | ฿12.70 | x |
| 2019-02-28 | ฿12.57 | ฿12.70 | x |
| 2020-02-29 | ฿12.83 | ฿12.70 | x |
| 2021-02-28 | ฿12.66 | ฿12.70 | x |
| 2022-02-28 | ฿12.59 | ฿12.70 | x |
| 2023-02-28 | ฿12.10 | ฿12.70 | x |
| 2024-02-29 | ฿12.18 | ฿12.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lotus Retail Growth 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 76.26%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.14x
- Recent ROE (7.83%) is above the historical average (7.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.72% | 69.22% | 0.07x | 1.02x | ฿-1.39 Billion |
| 2014 | 6.70% | 72.32% | 0.08x | 1.11x | ฿-868.12 Million |
| 2015 | 7.14% | 68.18% | 0.09x | 1.13x | ฿-750.46 Million |
| 2016 | 9.22% | 86.22% | 0.10x | 1.12x | ฿-209.99 Million |
| 2017 | 10.30% | 96.42% | 0.10x | 1.12x | ฿83.17 Million |
| 2018 | 9.92% | 93.78% | 0.09x | 1.12x | ฿-23.10 Million |
| 2019 | 10.49% | 100.34% | 0.09x | 1.11x | ฿143.97 Million |
| 2020 | 9.01% | 87.95% | 0.09x | 1.11x | ฿-298.14 Million |
| 2021 | 4.70% | 58.49% | 0.07x | 1.12x | ฿-1.57 Billion |
| 2022 | 4.85% | 61.74% | 0.07x | 1.13x | ฿-1.52 Billion |
| 2023 | 2.50% | 26.24% | 0.08x | 1.14x | ฿-2.12 Billion |
| 2024 | 7.83% | 76.26% | 0.09x | 1.14x | ฿-617.30 Million |
Industry Comparison
This section compares Lotus Retail Growth 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 |
|---|---|---|---|---|
| Lotus Retail Growth Freehold and Leasehold Property Fund (LPF) | ฿28.57 Billion | 4.72% | 0.13x | $552.62 Million |
| BURIRAM SUGAR GROUP POWER PLANT INFRASTRUCTURE FUND (BRRGIF) | $2.60 Billion | -0.03% | 0.00x | $1.04K |
| BTS Rail Mass Transit Growth (BTSGIF) | $-1.14 Billion | 0.00% | 0.00x | $694.94 |
| CPN Commercial Growth Leasehold Property Fund (CPNCG) | $4.50 Billion | 7.19% | 0.12x | $55.23 Million |
| C.P. Tower Growth Leasehold Property Fund (CPTGF) | $9.97 Billion | 7.67% | 0.04x | $83.24 Million |
| Centara Hotels & Resorts Leasehold Property Fund (CTARAF) | $1.90 Billion | 5.92% | 0.00x | $31.56 Million |
| Digital Telecommunications Infrastructure Fund (DIF) | $-45.10 Billion | 0.00% | 0.00x | $2.53K |
| North Bangkok Power Plant (EGATIF) | $21.22 Billion | 2.80% | 0.00x | $1.65K |
| Food and Drinks Public Company Limited (F&D) | $573.40 Million | -11.27% | 0.83x | $1.80 Million |
| Future Park Leasehold Property Fund (FUTUREPF) | $1.61 Billion | 45.43% | 3.51x | $91.63 Million |
| GULF ENERGY DEVELOPMENT-NVDR (GULF-R) | $39.35 Billion | 8.77% | 1.56x | $6.05 Billion |