MFC-Strategic Storage Fund
MFC-Strategic Storage Fund specializes in real estate investments. The fund seeks to invest in industrial property.
MFC-Strategic Storage Fund (M-STOR) - Net Assets
Latest net assets as of June 2024: ฿636.18 Million THB
Based on the latest financial reports, MFC-Strategic Storage Fund (M-STOR) has net assets worth ฿636.18 Million THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿645.36 Million) and total liabilities (฿9.18 Million). 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 | ฿636.18 Million |
| % of Total Assets | 98.58% |
| Annual Growth Rate | -1.28% |
| 5-Year Change | -4.52% |
| 10-Year Change | -10.02% |
| Growth Volatility | 2.06 |
MFC-Strategic Storage Fund - Net Assets Trend (2012–2023)
This chart illustrates how MFC-Strategic Storage 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 MFC-Strategic Storage Fund (2012–2023)
The table below shows the annual net assets of MFC-Strategic Storage Fund from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿638.18 Million | -0.29% |
| 2022-12-31 | ฿640.04 Million | +0.01% |
| 2021-12-31 | ฿639.98 Million | -3.71% |
| 2020-12-31 | ฿664.61 Million | -0.57% |
| 2019-12-31 | ฿668.39 Million | -0.36% |
| 2018-12-31 | ฿670.80 Million | -6.19% |
| 2017-12-31 | ฿715.06 Million | -0.39% |
| 2016-12-31 | ฿717.87 Million | +0.71% |
| 2015-12-31 | ฿712.84 Million | +0.51% |
| 2014-12-31 | ฿709.23 Million | -3.23% |
| 2013-12-31 | ฿732.87 Million | -0.31% |
| 2012-12-31 | ฿735.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MFC-Strategic Storage 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 66.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿30.18 Million | 4.73% |
| Common Stock | ฿608.00 Million | 95.27% |
| Total Equity | ฿638.18 Million | 100.00% |
MFC-Strategic Storage Fund Competitors by Market Cap
The table below lists competitors of MFC-Strategic Storage Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Argenica Therapeutics Ltd
AU:AGN
|
$11.42 Million |
|
Jade Gas Holdings Ltd
AU:JGH
|
$11.42 Million |
|
Sat Nusapersada Tbk
JK:PTSN
|
$11.43 Million |
|
Twenty-Four Con & Supply PCL
BK:24CS
|
$11.43 Million |
|
Nordic Paper Holding AB
ST:NPAPER
|
$11.42 Million |
|
TOWER RESOURCES LS-00001
F:ULF1
|
$11.42 Million |
|
Juic International
TWO:6114
|
$11.42 Million |
|
Star Royalties Ltd
OTCQX:STRFF
|
$11.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFC-Strategic Storage Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 631,673,607 to 638,181,744, a change of 6,508,137 (1.0%).
- Net income of 30,828,139 contributed positively to equity growth.
- Dividend payments of 24,320,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿30.83 Million | +4.83% |
| Dividends Paid | ฿24.32 Million | -3.81% |
| Other Changes | ฿-2.00 | -0.0% |
| Total Change | ฿- | 1.03% |
Book Value vs Market Value Analysis
This analysis compares MFC-Strategic Storage 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: 0.70x
- 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 | ฿11.46 | ฿7.30 | x |
| 2013-12-31 | ฿11.42 | ฿7.30 | x |
| 2014-12-31 | ฿11.44 | ฿7.30 | x |
| 2015-12-31 | ฿11.48 | ฿7.30 | x |
| 2016-12-31 | ฿11.56 | ฿7.30 | x |
| 2017-12-31 | ฿11.50 | ฿7.30 | x |
| 2018-12-31 | ฿10.78 | ฿7.30 | x |
| 2019-12-31 | ฿10.80 | ฿7.30 | x |
| 2020-12-31 | ฿10.79 | ฿7.30 | x |
| 2021-12-31 | ฿10.39 | ฿7.30 | x |
| 2022-12-31 | ฿10.39 | ฿7.30 | x |
| 2023-12-31 | ฿10.50 | ฿7.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFC-Strategic Storage 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): 4.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.96%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.01x
- Recent ROE (4.83%) is below the historical average (5.13%), 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 | 14.39% | 176.11% | 0.08x | 1.06x | ฿30.57 Million |
| 2013 | 7.07% | 86.26% | 0.08x | 1.06x | ฿-20.34 Million |
| 2014 | 7.32% | 88.81% | 0.08x | 1.02x | ฿-18.63 Million |
| 2015 | 6.72% | 90.81% | 0.07x | 1.02x | ฿-22.90 Million |
| 2016 | 6.85% | 89.26% | 0.08x | 1.02x | ฿-22.14 Million |
| 2017 | 5.65% | 77.45% | 0.07x | 1.02x | ฿-30.38 Million |
| 2018 | -1.43% | -24.60% | 0.06x | 1.02x | ฿-74.89 Million |
| 2019 | 3.91% | 87.40% | 0.04x | 1.02x | ฿-40.01 Million |
| 2020 | 3.37% | 77.58% | 0.04x | 1.01x | ฿-43.51 Million |
| 2021 | -0.37% | -9.16% | 0.04x | 1.01x | ฿-65.51 Million |
| 2022 | 3.23% | 66.82% | 0.05x | 1.01x | ฿-42.78 Million |
| 2023 | 4.83% | 96.96% | 0.05x | 1.01x | ฿-32.99 Million |
Industry Comparison
This section compares MFC-Strategic Storage 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 |
|---|---|---|---|---|
| MFC-Strategic Storage Fund (M-STOR) | ฿636.18 Million | 14.39% | 0.01x | $11.42 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 |