Mandarin Hotel Public Company Limited
Mandarin Hotel Public Company Limited engages in the hotel and resort business in Thailand. It is also involved in the leasing of hotels. The company was founded in 1965 and is based in Bangkok, Thailand.
Mandarin Hotel Public Company Limited (MANRIN) - Net Assets
Latest net assets as of September 2025: ฿468.16 Million THB
Based on the latest financial reports, Mandarin Hotel Public Company Limited (MANRIN) has net assets worth ฿468.16 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿669.48 Million) and total liabilities (฿201.31 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 | ฿468.16 Million |
| % of Total Assets | 69.93% |
| Annual Growth Rate | -1.33% |
| 5-Year Change | -0.12% |
| 10-Year Change | -4.07% |
| Growth Volatility | 8.42 |
Mandarin Hotel Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Mandarin Hotel 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 Mandarin Hotel Public Company Limited (2000–2024)
The table below shows the annual net assets of Mandarin Hotel Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿438.54 Million | +13.11% |
| 2023-12-31 | ฿387.72 Million | +9.82% |
| 2022-12-31 | ฿353.04 Million | -9.53% |
| 2021-12-31 | ฿390.22 Million | -11.12% |
| 2020-12-31 | ฿439.06 Million | -16.50% |
| 2019-12-31 | ฿525.83 Million | +5.13% |
| 2018-12-31 | ฿500.15 Million | +4.22% |
| 2017-12-31 | ฿479.92 Million | +4.11% |
| 2016-12-31 | ฿460.97 Million | +0.83% |
| 2015-12-31 | ฿457.16 Million | -4.37% |
| 2014-12-31 | ฿478.04 Million | -5.97% |
| 2013-12-31 | ฿508.39 Million | -6.78% |
| 2012-12-31 | ฿545.37 Million | -3.78% |
| 2011-12-31 | ฿566.77 Million | -7.16% |
| 2010-12-31 | ฿610.50 Million | +21.69% |
| 2009-12-31 | ฿501.69 Million | -5.41% |
| 2008-12-31 | ฿530.36 Million | -10.55% |
| 2007-12-31 | ฿592.95 Million | -4.20% |
| 2006-12-31 | ฿618.91 Million | +2.30% |
| 2005-12-31 | ฿605.00 Million | +4.65% |
| 2004-12-31 | ฿578.10 Million | +0.78% |
| 2003-12-31 | ฿573.61 Million | +4.39% |
| 2002-12-31 | ฿549.46 Million | -1.28% |
| 2001-12-31 | ฿556.56 Million | -8.00% |
| 2000-12-31 | ฿604.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mandarin Hotel 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 decreased by 138.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿269.06 Million | 61.35% |
| Other Comprehensive Income | ฿26.91 Million | 6.14% |
| Other Components | ฿204.20 Million | 46.56% |
| Total Equity | ฿438.54 Million | 100.00% |
Mandarin Hotel Public Company Limited Competitors by Market Cap
The table below lists competitors of Mandarin Hotel Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Graha Mitra Asia Tbk
JK:RELF
|
$3.09 Million |
|
Val-d'Or Mining Corporation
PINK:VDOMF
|
$3.09 Million |
|
InCity Immobilien AG
XETRA:IC8
|
$3.09 Million |
|
SNAP-ON - Dusseldorf Stock Exchang
DU:SPU
|
$3.09 Million |
|
Good Shroom Co Inc
V:MUSH
|
$3.09 Million |
|
Kerur Holdings Ltd
TA:KRUR
|
$3.09 Million |
|
CIE FIN TRADITION (CFI.SG)
STU:CFI
|
$3.08 Million |
|
Shin Tai Industry Co Ltd
TW:1235
|
$3.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mandarin Hotel Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 387,723,844 to 438,544,888, a change of 50,821,044 (13.1%).
- Net income of 50,821,043 contributed positively to equity growth.
- Dividend payments of 154,987 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿50.82 Million | +11.59% |
| Dividends Paid | ฿154.99K | -0.04% |
| Other Changes | ฿154.99K | +0.04% |
| Total Change | ฿- | 13.11% |
Book Value vs Market Value Analysis
This analysis compares Mandarin Hotel 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: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.89x to 1.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿25.93 | ฿23.10 | x |
| 2004-12-31 | ฿26.02 | ฿23.10 | x |
| 2005-12-31 | ฿27.32 | ฿23.10 | x |
| 2006-12-31 | ฿27.95 | ฿23.10 | x |
| 2007-12-31 | ฿26.78 | ฿23.10 | x |
| 2008-12-31 | ฿23.95 | ฿23.10 | x |
| 2009-12-31 | ฿22.80 | ฿23.10 | x |
| 2010-12-31 | ฿26.60 | ฿23.10 | x |
| 2011-12-31 | ฿21.07 | ฿23.10 | x |
| 2012-12-31 | ฿20.27 | ฿23.10 | x |
| 2013-12-31 | ฿18.90 | ฿23.10 | x |
| 2014-12-31 | ฿17.77 | ฿23.10 | x |
| 2015-12-31 | ฿16.99 | ฿23.10 | x |
| 2016-12-31 | ฿17.13 | ฿23.10 | x |
| 2017-12-31 | ฿17.84 | ฿23.10 | x |
| 2018-12-31 | ฿18.59 | ฿23.10 | x |
| 2019-12-31 | ฿19.54 | ฿23.10 | x |
| 2020-12-31 | ฿16.32 | ฿23.10 | x |
| 2021-12-31 | ฿14.50 | ฿23.10 | x |
| 2022-12-31 | ฿13.12 | ฿23.10 | x |
| 2023-12-31 | ฿14.41 | ฿23.10 | x |
| 2024-12-31 | ฿16.30 | ฿23.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mandarin Hotel 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): 11.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.53%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.58x
- Recent ROE (11.59%) is above the historical average (1.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 41.70% | 180.28% | 0.10x | 2.25x | ฿191.76 Million |
| 2001 | 9.84% | 41.57% | 0.23x | 1.04x | ฿-867.40K |
| 2003 | 8.05% | 21.45% | 0.36x | 1.04x | ฿-11.21 Million |
| 2004 | 4.77% | 12.95% | 0.35x | 1.04x | ฿-30.22 Million |
| 2005 | 8.09% | 21.95% | 0.35x | 1.04x | ฿-11.56 Million |
| 2006 | 8.47% | 22.55% | 0.36x | 1.05x | ฿-9.48 Million |
| 2007 | 2.67% | 8.70% | 0.30x | 1.03x | ฿-43.46 Million |
| 2008 | -8.90% | -46.99% | 0.18x | 1.07x | ฿-100.22 Million |
| 2009 | -5.72% | -33.36% | 0.16x | 1.06x | ฿-78.84 Million |
| 2010 | 9.79% | 69.87% | 0.14x | 1.02x | ฿-1.29 Million |
| 2011 | -3.94% | -27.13% | 0.14x | 1.04x | ฿-79.01 Million |
| 2012 | -4.05% | -88.75% | 0.03x | 1.58x | ฿-76.62 Million |
| 2013 | -9.04% | -83.45% | 0.05x | 2.33x | ฿-96.79 Million |
| 2014 | -6.35% | -11.76% | 0.23x | 2.35x | ฿-78.15 Million |
| 2015 | -4.57% | -6.63% | 0.30x | 2.29x | ฿-66.60 Million |
| 2016 | 0.83% | 1.17% | 0.33x | 2.14x | ฿-42.29 Million |
| 2017 | 3.95% | 5.77% | 0.35x | 1.94x | ฿-29.04 Million |
| 2018 | 4.05% | 6.12% | 0.39x | 1.69x | ฿-29.78 Million |
| 2019 | 4.81% | 7.59% | 0.42x | 1.49x | ฿-27.26 Million |
| 2020 | -16.88% | -70.05% | 0.12x | 1.93x | ฿-118.03 Million |
| 2021 | -12.52% | -214.53% | 0.03x | 2.14x | ฿-87.86 Million |
| 2022 | -11.30% | -24.22% | 0.20x | 2.30x | ฿-75.19 Million |
| 2023 | 8.95% | 10.71% | 0.43x | 1.96x | ฿-4.09 Million |
| 2024 | 11.59% | 13.53% | 0.54x | 1.58x | ฿6.97 Million |
Industry Comparison
This section compares Mandarin Hotel Public Company Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $19,477,067,445
- Average return on equity (ROE) among peers: 4.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mandarin Hotel Public Company Limited (MANRIN) | ฿468.16 Million | 41.70% | 0.43x | $3.09 Million |
| Asia Hotel Public Company Limited (ASIA) | $-1.12 Billion | 0.00% | 0.00x | $14.84 Million |
| Asset World Corp Public Company Limited (AWC) | $71.19 Billion | -2.64% | 0.75x | $449.34 Million |
| ASSET WORLD CORP PCL-NVDR (AWC-R) | $79.21 Billion | 1.09% | 0.75x | $523.94 Million |
| Dusit Thani Public Company Limited (DUSIT) | $5.88 Billion | 4.54% | 0.70x | $79.16 Million |
| The Erawan Group Public Company Limited (ERW) | $4.73 Billion | -2.36% | 2.07x | $162.54 Million |
| Grande Asset Hotels and Property Public Company Limited (GRAND) | $3.74 Billion | -2.78% | 1.66x | $2.69 Million |
| Laguna Resorts & Hotels Public Company Limited (LRH) | $8.24 Billion | 10.74% | 0.15x | $16.35 Million |
| OHTL Public Company Limited (OHTL) | $2.48 Billion | 16.91% | 1.31x | $20.45 Million |
| Royal Orchid Hotel (Thailand) Public Company Limited (ROH) | $939.69 Million | 15.10% | 0.24x | $984.22K |