L.P.N. Development Public Company Limited (LPN) - Net Assets

Latest as of September 2025: ฿11.77 Billion THB ≈ $366.89 Million USD

Based on the latest financial reports, L.P.N. Development Public Company Limited (LPN) has net assets worth ฿11.77 Billion THB (≈ $366.89 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿24.01 Billion ≈ $748.38 Million USD) and total liabilities (฿12.24 Billion ≈ $381.49 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 L.P.N. Development Public Company Limite (LPN) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿11.77 Billion
% of Total Assets	49.03%
Annual Growth Rate	13.41%
5-Year Change	0.88%
10-Year Change	2.98%
Growth Volatility	22.68

L.P.N. Development Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how L.P.N. Development Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore L.P.N. Development Public Company Limite (LPN) total assets for the complete picture of this company's asset base.

Annual Net Assets for L.P.N. Development Public Company Limited (2000–2024)

The table below shows the annual net assets of L.P.N. Development Public Company Limited from 2000 to 2024. For live valuation and market cap data, see LPN market cap overview.

Year	Net Assets	Change
2024-12-31	฿11.93 Billion ≈ $371.72 Million	-0.27%
2023-12-31	฿11.96 Billion ≈ $372.75 Million	+0.77%
2022-12-31	฿11.87 Billion ≈ $369.90 Million	+4.13%
2021-12-31	฿11.40 Billion ≈ $355.24 Million	-3.59%
2020-12-31	฿11.82 Billion ≈ $368.48 Million	-10.16%
2019-12-31	฿13.16 Billion ≈ $410.16 Million	+1.74%
2018-12-31	฿12.93 Billion ≈ $403.16 Million	+4.20%
2017-12-31	฿12.41 Billion ≈ $386.93 Million	+0.03%
2016-12-31	฿12.41 Billion ≈ $386.83 Million	+7.16%
2015-12-31	฿11.58 Billion ≈ $360.98 Million	+11.27%
2014-12-31	฿10.41 Billion ≈ $324.42 Million	+8.13%
2013-12-31	฿9.63 Billion ≈ $300.03 Million	+15.08%
2012-12-31	฿8.36 Billion ≈ $260.71 Million	+17.34%
2011-12-31	฿7.13 Billion ≈ $222.19 Million	+17.21%
2010-12-31	฿6.08 Billion ≈ $189.57 Million	+15.43%
2009-12-31	฿5.27 Billion ≈ $164.23 Million	+17.49%
2008-12-31	฿4.48 Billion ≈ $139.78 Million	+17.18%
2007-12-31	฿3.83 Billion ≈ $119.28 Million	+15.54%
2006-12-31	฿3.31 Billion ≈ $103.24 Million	+10.73%
2005-12-31	฿2.99 Billion ≈ $93.24 Million	+28.72%
2004-12-31	฿2.32 Billion ≈ $72.44 Million	+45.32%
2003-12-31	฿1.60 Billion ≈ $49.84 Million	+31.91%
2002-12-31	฿1.21 Billion ≈ $37.79 Million	+107.34%
2001-12-31	฿584.70 Million ≈ $18.22 Million	+0.40%
2000-12-31	฿582.39 Million ≈ $18.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to L.P.N. Development 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 986468670400.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿9.86 Billion	82.84%
Common Stock	฿1.45 Billion	12.21%
Other Comprehensive Income	฿148.00 Million	1.24%
Other Components	฿440.75 Million	3.70%
Total Equity	฿11.91 Billion	100.00%

L.P.N. Development Public Company Limited Competitors by Market Cap

The table below lists competitors of L.P.N. Development Public Company Limited ranked by their market capitalization.

Company	Market Cap
Artemis Hali As IS:ARTMS	$68.11 Million
Lark Distilling Co. Ltd AU:LRK	$68.12 Million
TegoScience Inc KQ:191420	$68.13 Million
Loulis Mills S.A. AT:KYLO	$68.14 Million
HS Valve Co. Ltd KQ:039610	$68.08 Million
Bridgford Foods Corporation NASDAQ:BRID	$68.08 Million
MFS Investment Grade Municipal Trust NYSE:CXH	$68.05 Million
Arthavest Tbk JK:ARTA	$68.05 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in L.P.N. Development Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 11,942,498,087 to 11,907,639,647, a change of -34,858,440 (-0.3%).
Net income of 110,549,517 contributed positively to equity growth.
Dividend payments of 153,061,381 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿110.55 Million	+0.93%
Dividends Paid	฿153.06 Million	-1.29%
Other Changes	฿7.65 Million	+0.06%
Total Change	฿-	-0.29%

Book Value vs Market Value Analysis

This analysis compares L.P.N. Development 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: 0.19x
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 0.90x to 0.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿1.72	฿1.55	x
2004-12-31	฿2.12	฿1.55	x
2005-12-31	฿2.19	฿1.55	x
2006-12-31	฿2.24	฿1.55	x
2007-12-31	฿2.59	฿1.55	x
2008-12-31	฿3.04	฿1.55	x
2009-12-31	฿3.57	฿1.55	x
2010-12-31	฿4.12	฿1.55	x
2011-12-31	฿4.83	฿1.55	x
2012-12-31	฿5.67	฿1.55	x
2013-12-31	฿6.52	฿1.55	x
2014-12-31	฿7.05	฿1.55	x
2015-12-31	฿7.85	฿1.55	x
2016-12-31	฿8.41	฿1.55	x
2017-12-31	฿8.39	฿1.55	x
2018-12-31	฿8.74	฿1.55	x
2019-12-31	฿9.03	฿1.55	x
2020-12-31	฿8.13	฿1.55	x
2021-12-31	฿7.84	฿1.55	x
2022-12-31	฿8.16	฿1.55	x
2023-12-31	฿8.21	฿1.55	x
2024-12-31	฿8.19	฿1.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently L.P.N. Development 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): 0.93%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.38%
• Asset Turnover: 0.33x
• Equity Multiplier: 2.03x
Recent ROE (0.93%) is below the historical average (16.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	24.91%	29.85%	0.29x	2.90x	฿87.15 Million
2002	4.44%	5.43%	0.48x	1.70x	฿-67.44 Million
2003	29.06%	23.91%	0.67x	1.81x	฿304.74 Million
2004	19.29%	18.09%	0.56x	1.90x	฿215.99 Million
2005	19.67%	16.42%	0.79x	1.51x	฿289.25 Million
2006	23.10%	15.24%	0.84x	1.80x	฿434.00 Million
2007	24.24%	13.60%	0.95x	1.88x	฿545.05 Million
2008	26.88%	16.67%	0.82x	1.97x	฿757.08 Million
2009	25.79%	15.96%	1.05x	1.54x	฿831.81 Million
2010	26.92%	16.47%	0.96x	1.71x	฿1.03 Billion
2011	26.90%	15.54%	1.29x	1.35x	฿1.20 Billion
2012	26.50%	16.64%	0.96x	1.66x	฿1.38 Billion
2013	24.19%	16.23%	0.82x	1.81x	฿1.37 Billion
2014	19.42%	15.71%	0.65x	1.90x	฿980.61 Million
2015	20.84%	14.51%	0.85x	1.69x	฿1.26 Billion
2016	17.54%	14.90%	0.79x	1.50x	฿935.17 Million
2017	8.58%	11.05%	0.46x	1.70x	฿-176.28 Million
2018	10.60%	12.15%	0.53x	1.65x	฿77.18 Million
2019	9.56%	12.62%	0.42x	1.79x	฿-57.49 Million
2020	6.06%	9.73%	0.31x	2.00x	฿-465.83 Million
2021	2.65%	5.43%	0.23x	2.09x	฿-837.36 Million
2022	5.16%	5.96%	0.43x	2.03x	฿-574.59 Million
2023	2.95%	4.76%	0.28x	2.22x	฿-841.59 Million
2024	0.93%	1.38%	0.33x	2.03x	฿-1.08 Billion

Industry Comparison

This section compares L.P.N. Development 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: $12,160,492,474
Average return on equity (ROE) among peers: -0.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
L.P.N. Development Public Company Limited (LPN)	฿11.77 Billion	24.91%	1.04x	$68.08 Million
Areeya Property Public Company Limited (A)	$3.33 Billion	0.92%	3.29x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$18.75 Billion	5.88%	1.14x	$738.40 Million
Amata Corporation Public Company Limited (AMATA-R)	$24.41 Billion	9.59%	0.95x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$18.47 Billion	3.81%	1.64x	$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	0.67%	0.02x	$40.57 Million
Country Group Development Public Company Limited (CGD)	$4.45 Billion	-5.66%	2.70x	$30.92 Million
Chewathai Public Company Limited (CHEWA)	$1.14 Billion	-36.18%	2.64x	$6.76 Million
Charn Issara Development Public Company Limited (CI)	$1.25 Billion	-1.42%	1.89x	$10.31 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$4.92 Billion	3.84%	0.47x	$37.57 Million

About L.P.N. Development Public Company Limited

BK:LPN Thailand Real Estate - Development

Market Cap

$68.08 Million

฿2.18 Billion THB

Market Cap Rank

#20676 Global

#324 in Thailand

Share Price

฿1.55

Change (1 day)

+0.65%

52-Week Range

฿1.48 - ฿2.06

All Time High

฿8.50