MBK Public Company Limited (MBK) - Net Assets
Based on the latest financial reports, MBK Public Company Limited (MBK) has net assets worth ฿31.15 Billion THB (≈ $970.90 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿67.36 Billion ≈ $2.10 Billion USD) and total liabilities (฿36.21 Billion ≈ $1.13 Billion 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 MBK strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿31.15 Billion |
| % of Total Assets | 46.25% |
| Annual Growth Rate | 6.0% |
| 5-Year Change | 35.13% |
| 10-Year Change | 39.82% |
| Growth Volatility | 40.84 |
MBK Public Company Limited - Net Assets Trend (1999–2025)
This chart illustrates how MBK Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of MBK Public Company Limited.
Annual Net Assets for MBK Public Company Limited (1999–2025)
The table below shows the annual net assets of MBK Public Company Limited from 1999 to 2025. Also explore how fast is MBK Public Company Limited growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿28.46 Billion ≈ $886.95 Million |
+18.47% |
| 2024-12-31 | ฿24.02 Billion ≈ $748.69 Million |
+7.31% |
| 2023-12-31 | ฿22.38 Billion ≈ $697.71 Million |
+2.62% |
| 2022-12-31 | ฿21.81 Billion ≈ $679.89 Million |
+3.58% |
| 2021-12-31 | ฿21.06 Billion ≈ $656.36 Million |
-1.53% |
| 2020-12-31 | ฿21.39 Billion ≈ $666.56 Million |
-13.44% |
| 2019-12-31 | ฿24.71 Billion ≈ $770.07 Million |
+8.91% |
| 2018-12-31 | ฿22.68 Billion ≈ $707.04 Million |
+2.25% |
| 2017-12-31 | ฿22.18 Billion ≈ $691.48 Million |
+9.00% |
| 2016-12-31 | ฿20.35 Billion ≈ $634.36 Million |
+13.44% |
| 2015-12-31 | ฿17.94 Billion ≈ $559.19 Million |
+6.30% |
| 2014-12-31 | ฿16.88 Billion ≈ $526.05 Million |
+5.81% |
| 2013-12-31 | ฿15.95 Billion ≈ $497.18 Million |
+1.56% |
| 2012-12-31 | ฿15.71 Billion ≈ $489.53 Million |
+22.13% |
| 2011-12-31 | ฿12.86 Billion ≈ $400.84 Million |
+1.81% |
| 2010-12-31 | ฿12.63 Billion ≈ $393.72 Million |
+4.59% |
| 2009-12-31 | ฿12.08 Billion ≈ $376.44 Million |
-56.76% |
| 2008-12-31 | ฿27.93 Billion ≈ $870.56 Million |
+166.90% |
| 2007-12-31 | ฿10.46 Billion ≈ $326.18 Million |
+7.75% |
| 2006-12-31 | ฿9.71 Billion ≈ $302.73 Million |
+5.47% |
| 2005-12-31 | ฿9.21 Billion ≈ $287.04 Million |
+7.99% |
| 2004-12-31 | ฿8.53 Billion ≈ $265.80 Million |
-44.33% |
| 2003-12-31 | ฿15.32 Billion ≈ $477.43 Million |
+110.09% |
| 2002-12-31 | ฿7.29 Billion ≈ $227.25 Million |
+3.76% |
| 2001-12-31 | ฿7.03 Billion ≈ $219.02 Million |
+3.18% |
| 2000-12-31 | ฿6.81 Billion ≈ $212.27 Million |
+8.88% |
| 1999-12-31 | ฿6.25 Billion ≈ $194.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MBK 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 11354.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿23.07 Billion | 84.34% |
| Common Stock | ฿1.98 Billion | 7.24% |
| Other Comprehensive Income | ฿1.14 Billion | 4.18% |
| Other Components | ฿1.16 Billion | 4.23% |
| Total Equity | ฿27.36 Billion | 100.00% |
MBK Public Company Limited Competitors by Market Cap
The table below lists competitors of MBK Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hengsheng Energy Co Ltd
SHG:605580
|
$928.03 Million |
|
Iat Automobile Technology Co Ltd
SHE:300825
|
$928.38 Million |
|
Shanghai Action Education Technology CO.LTD.
SHG:605098
|
$929.05 Million |
|
Bank Tabungan Negara Persero
JK:BBTN
|
$929.27 Million |
|
Shenzhen Rapoo Technology
SHE:002577
|
$927.44 Million |
|
Eit Environmental Development Group
SHE:300815
|
$927.39 Million |
|
Southside Bancshares, Inc.
NYSE:SBSI
|
$927.36 Million |
|
Total Energy Services Inc.
TO:TOT
|
$927.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MBK Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,134,291,432 to 27,356,018,000, a change of 4,221,726,568 (18.2%).
- Net income of 4,280,091,000 contributed positively to equity growth.
- Dividend payments of 1,392,669,434 reduced retained earnings.
- New share issuances of 15,440,946 increased equity.
- Other comprehensive income increased equity by 895,444,756.
- Other factors increased equity by 423,419,300.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿4.28 Billion | +15.65% |
| Dividends Paid | ฿1.39 Billion | -5.09% |
| Share Issuances | ฿15.44 Million | +0.06% |
| Other Comprehensive Income | ฿895.44 Million | +3.27% |
| Other Changes | ฿423.42 Million | +1.55% |
| Total Change | ฿- | 18.25% |
Book Value vs Market Value Analysis
This analysis compares MBK 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: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.27x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | ฿4.04 | ฿21.30 | x |
| 2001-12-31 | ฿4.25 | ฿21.30 | x |
| 2002-12-31 | ฿4.54 | ฿21.30 | x |
| 2003-12-31 | ฿5.22 | ฿21.30 | x |
| 2004-12-31 | ฿5.27 | ฿21.30 | x |
| 2005-12-31 | ฿5.71 | ฿21.30 | x |
| 2006-12-31 | ฿6.05 | ฿21.30 | x |
| 2007-12-31 | ฿6.91 | ฿21.30 | x |
| 2008-12-31 | ฿7.28 | ฿21.30 | x |
| 2009-12-31 | ฿7.36 | ฿21.30 | x |
| 2010-12-31 | ฿7.75 | ฿21.30 | x |
| 2012-12-31 | ฿9.57 | ฿21.30 | x |
| 2013-12-31 | ฿9.97 | ฿21.30 | x |
| 2014-12-31 | ฿11.29 | ฿21.30 | x |
| 2015-12-31 | ฿12.13 | ฿21.30 | x |
| 2016-12-31 | ฿14.00 | ฿21.30 | x |
| 2017-12-31 | ฿16.26 | ฿21.30 | x |
| 2018-12-31 | ฿16.72 | ฿21.30 | x |
| 2019-12-31 | ฿18.24 | ฿21.30 | x |
| 2020-12-31 | ฿15.68 | ฿21.30 | x |
| 2021-12-31 | ฿15.18 | ฿21.30 | x |
| 2022-12-31 | ฿13.66 | ฿21.30 | x |
| 2023-12-31 | ฿14.03 | ฿21.30 | x |
| 2024-12-31 | ฿14.97 | ฿21.30 | x |
| 2025-12-31 | ฿16.99 | ฿21.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MBK 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): 15.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.34%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.45x
- Recent ROE (15.65%) is above the historical average (10.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 5.29% | 10.38% | 0.30x | 1.69x | ฿-282.10 Million |
| 2000 | 9.06% | 17.27% | 0.30x | 1.72x | ฿-64.15 Million |
| 2001 | 10.37% | 21.70% | 0.28x | 1.68x | ฿25.68 Million |
| 2002 | 11.11% | 23.08% | 0.23x | 2.05x | ฿80.67 Million |
| 2003 | 13.40% | 26.70% | 0.24x | 2.08x | ฿265.93 Million |
| 2004 | 12.55% | 22.10% | 0.28x | 2.02x | ฿203.21 Million |
| 2005 | 13.62% | 22.46% | 0.31x | 1.96x | ฿313.17 Million |
| 2006 | 13.99% | 21.74% | 0.36x | 1.80x | ฿365.88 Million |
| 2007 | 13.39% | 22.31% | 0.30x | 2.02x | ฿355.23 Million |
| 2008 | 12.33% | 21.63% | 0.26x | 2.24x | ฿256.99 Million |
| 2009 | 22.84% | 30.04% | 0.32x | 2.39x | ฿1.43 Billion |
| 2010 | 11.02% | 15.84% | 0.29x | 2.42x | ฿119.84 Million |
| 2011 | 5.46% | 33.46% | 0.07x | 2.26x | ฿-543.34 Million |
| 2012 | 13.08% | 23.40% | 0.25x | 2.20x | ฿445.69 Million |
| 2013 | 28.99% | 44.30% | 0.24x | 2.68x | ฿2.69 Billion |
| 2014 | 10.56% | 17.46% | 0.24x | 2.51x | ฿83.72 Million |
| 2015 | 11.21% | 15.72% | 0.28x | 2.50x | ฿195.36 Million |
| 2016 | 10.98% | 19.73% | 0.24x | 2.27x | ฿183.84 Million |
| 2017 | 8.47% | 18.90% | 0.21x | 2.14x | ฿-331.36 Million |
| 2018 | 12.95% | 27.32% | 0.21x | 2.21x | ฿656.61 Million |
| 2019 | 11.60% | 27.22% | 0.20x | 2.17x | ฿387.15 Million |
| 2020 | 0.72% | 1.73% | 0.15x | 2.74x | ฿-1.93 Billion |
| 2021 | -3.62% | -9.75% | 0.14x | 2.69x | ฿-2.80 Billion |
| 2022 | 1.57% | 3.95% | 0.15x | 2.57x | ฿-1.78 Billion |
| 2023 | 7.23% | 15.65% | 0.17x | 2.79x | ฿-601.00 Million |
| 2024 | 11.61% | 23.81% | 0.18x | 2.71x | ฿372.25 Million |
| 2025 | 15.65% | 35.34% | 0.18x | 2.45x | ฿1.54 Billion |
Industry Comparison
This section compares MBK Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $46,809,023,092
- Average return on equity (ROE) among peers: 7.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MBK Public Company Limited (MBK) | ฿31.15 Billion | 5.29% | 1.16x | $927.87 Million |
| Advanced Connection Corporation Public Company Limited (ACC) | $1.69 Billion | 14.45% | 0.25x | $18.17 Million |
| Berli Jucker PCL (BJC) | $119.54 Billion | 3.35% | 1.73x | $2.25 Billion |
| Eastern Technical Engineering Public Company Limited (ETE) | $827.00 Million | 3.46% | 1.65x | $12.57 Million |
| Forth Corporation Public Company Limited (FORTH) | $1.05 Billion | -7.44% | 3.03x | $431.49 Million |
| Loxley Public Company Limited (LOXLEY) | $5.39 Billion | 10.95% | 1.47x | $124.96 Million |
| MBK Public Company Limited (MBK-R) | $24.02 Billion | 11.18% | 1.61x | $775.40 Million |
| The Siam Cement Public Company Limited (SCC) | $243.01 Billion | 18.68% | 1.10x | $10.02 Billion |
| Siamraj Public Company Limited (SR) | $1.20 Billion | 4.42% | 0.66x | $7.38 Million |
| Saha-Union Public Company Limited (SUC) | $24.56 Billion | 4.86% | 0.09x | $257.15 Million |
About MBK Public Company Limited
MBK Public Company Limited, together with its subsidiaries, engages in the shopping center, hotel and tourism, golf, real estate, food solution, financial, and auction businesses in Thailand, the United States, Canada, Europe, and the Asia Pacific. The company provides rental spaces to retail tenants and office spaces; hotel and tourism services, including lodging, food and drink, and other facil… Read more