MDX Public Company Limited (MDX) - Net Assets
Based on the latest financial reports, MDX Public Company Limited (MDX) has net assets worth ฿7.30 Billion THB (≈ $227.50 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 (฿8.00 Billion ≈ $249.46 Million USD) and total liabilities (฿704.58 Million ≈ $21.96 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 MDX asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿7.30 Billion |
| % of Total Assets | 91.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | 31.51% |
| 10-Year Change | 55.51% |
| Growth Volatility | 19.82 |
MDX Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how MDX Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore MDX asset base for the complete picture of this company's asset base.
Annual Net Assets for MDX Public Company Limited (2000–2024)
The table below shows the annual net assets of MDX Public Company Limited from 2000 to 2024. For live valuation and market cap data, see market value of MDX Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿7.09 Billion ≈ $220.92 Million |
+4.80% |
| 2023-12-31 | ฿6.76 Billion ≈ $210.80 Million |
+2.51% |
| 2022-12-31 | ฿6.60 Billion ≈ $205.63 Million |
+6.45% |
| 2021-12-31 | ฿6.20 Billion ≈ $193.17 Million |
+14.99% |
| 2020-12-31 | ฿5.39 Billion ≈ $167.98 Million |
+3.24% |
| 2019-12-31 | ฿5.22 Billion ≈ $162.71 Million |
-0.74% |
| 2018-12-31 | ฿5.26 Billion ≈ $163.93 Million |
+13.18% |
| 2017-12-31 | ฿4.65 Billion ≈ $144.84 Million |
+1.06% |
| 2016-12-31 | ฿4.60 Billion ≈ $143.32 Million |
+0.88% |
| 2015-12-31 | ฿4.56 Billion ≈ $142.06 Million |
+10.20% |
| 2014-12-31 | ฿4.14 Billion ≈ $128.91 Million |
+7.15% |
| 2013-12-31 | ฿3.86 Billion ≈ $120.31 Million |
+0.36% |
| 2012-12-31 | ฿3.85 Billion ≈ $119.89 Million |
+21.69% |
| 2011-12-31 | ฿3.16 Billion ≈ $98.52 Million |
+3.59% |
| 2010-12-31 | ฿3.05 Billion ≈ $95.10 Million |
+8.03% |
| 2009-12-31 | ฿2.82 Billion ≈ $88.03 Million |
-32.70% |
| 2008-12-31 | ฿4.20 Billion ≈ $130.80 Million |
+5.03% |
| 2007-12-31 | ฿4.00 Billion ≈ $124.54 Million |
+77.42% |
| 2006-12-31 | ฿2.25 Billion ≈ $70.20 Million |
+151.85% |
| 2005-12-31 | ฿-4.34 Billion ≈ $-135.38 Million |
+10.21% |
| 2004-12-31 | ฿-4.84 Billion ≈ $-150.77 Million |
+32.37% |
| 2003-12-31 | ฿-7.15 Billion ≈ $-222.95 Million |
+9.51% |
| 2002-12-31 | ฿-7.90 Billion ≈ $-246.38 Million |
-55.30% |
| 2001-12-31 | ฿-5.09 Billion ≈ $-158.65 Million |
-39.96% |
| 2000-12-31 | ฿-3.64 Billion ≈ $-113.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to MDX 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 395162442354.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿4.76 Billion | 118.84% |
| Total Equity | ฿4.00 Billion | 100.00% |
MDX Public Company Limited Competitors by Market Cap
The table below lists competitors of MDX Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anli International Co Ltd
TWO:5223
|
$35.30 Million |
|
Fortune Indonesia Tbk
JK:FORU
|
$35.30 Million |
|
Centric Holdings S.A
AT:CENTR
|
$35.31 Million |
|
Goodtech
OL:GOD
|
$35.31 Million |
|
Sprintex Ltd
AU:SIX
|
$35.27 Million |
|
Online Brands Nordic AB
ST:OBAB
|
$35.27 Million |
|
DK&D Co.Ltd
KQ:263020
|
$35.27 Million |
|
Dcon Products Public Company Limited
BK:DCON
|
$35.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MDX Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,785,848,132 to 4,002,070,667, a change of 216,222,535 (5.7%).
- Net income of 230,066,029 contributed positively to equity growth.
- Other comprehensive income decreased equity by 201,043,061.
- Other factors increased equity by 187,199,567.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿230.07 Million | +5.75% |
| Other Comprehensive Income | ฿-201.04 Million | -5.02% |
| Other Changes | ฿187.20 Million | +4.68% |
| Total Change | ฿- | 5.71% |
Book Value vs Market Value Analysis
This analysis compares MDX 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: 0.24x
- 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 2.51x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.95 | ฿2.38 | x |
| 2007-12-31 | ฿1.29 | ฿2.38 | x |
| 2008-12-31 | ฿1.54 | ฿2.38 | x |
| 2009-12-31 | ฿1.63 | ฿2.38 | x |
| 2010-12-31 | ฿1.93 | ฿2.38 | x |
| 2011-12-31 | ฿2.48 | ฿2.38 | x |
| 2012-12-31 | ฿3.87 | ฿2.38 | x |
| 2013-12-31 | ฿4.08 | ฿2.38 | x |
| 2014-12-31 | ฿4.65 | ฿2.38 | x |
| 2015-12-31 | ฿5.39 | ฿2.38 | x |
| 2016-12-31 | ฿5.36 | ฿2.38 | x |
| 2017-12-31 | ฿5.66 | ฿2.38 | x |
| 2018-12-31 | ฿6.71 | ฿2.38 | x |
| 2019-12-31 | ฿6.73 | ฿2.38 | x |
| 2020-12-31 | ฿6.93 | ฿2.38 | x |
| 2021-12-31 | ฿8.28 | ฿2.38 | x |
| 2022-12-31 | ฿8.95 | ฿2.38 | x |
| 2023-12-31 | ฿7.96 | ฿2.38 | x |
| 2024-12-31 | ฿9.75 | ฿2.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MDX 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): 5.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 90.79%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.91x
- Recent ROE (5.75%) is below the historical average (85.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1400.93% | 724.66% | 0.37x | 5.26x | ฿6.26 Billion |
| 2007 | 31.05% | 25.76% | 0.18x | 6.85x | ฿127.57 Million |
| 2008 | 17.11% | 69.20% | 0.04x | 5.86x | ฿52.12 Million |
| 2009 | 2.78% | 12.29% | 0.04x | 5.62x | ฿-55.78 Million |
| 2010 | 19.62% | 84.29% | 0.05x | 4.89x | ฿88.38 Million |
| 2011 | 14.11% | 28.05% | 0.11x | 4.64x | ฿42.05 Million |
| 2012 | 28.64% | 43.61% | 0.20x | 3.30x | ฿297.62 Million |
| 2013 | 12.98% | 32.77% | 0.12x | 3.18x | ฿49.76 Million |
| 2014 | 17.80% | 57.38% | 0.11x | 2.74x | ฿149.55 Million |
| 2015 | 8.91% | 69.57% | 0.05x | 2.51x | ฿-23.98 Million |
| 2016 | 2.60% | 24.18% | 0.04x | 2.42x | ฿-165.66 Million |
| 2017 | 9.50% | 82.73% | 0.05x | 2.26x | ฿-11.52 Million |
| 2018 | 14.45% | 108.66% | 0.06x | 2.10x | ฿122.38 Million |
| 2019 | 3.68% | 38.76% | 0.05x | 2.07x | ฿-173.40 Million |
| 2020 | 7.54% | 65.92% | 0.06x | 2.06x | ฿-70.57 Million |
| 2021 | 17.53% | 175.58% | 0.05x | 1.96x | ฿257.05 Million |
| 2022 | 3.19% | 37.38% | 0.04x | 1.91x | ฿-250.22 Million |
| 2023 | 3.95% | 52.29% | 0.04x | 1.90x | ฿-229.10 Million |
| 2024 | 5.75% | 90.79% | 0.03x | 1.91x | ฿-170.14 Million |
Industry Comparison
This section compares MDX 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 |
|---|---|---|---|---|
| MDX Public Company Limited (MDX) | ฿7.30 Billion | 1400.93% | 0.10x | $35.28 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 MDX Public Company Limited
MDX Public Company Limited, together with its subsidiaries, invests and develops real estate and infrastructure projects. The company operates through three segments: Real Estate, Electricity Generation and Distribution, and Others Business. It also operates hydropower, combined cycle power, solar rooftops, floating solar, biomass wood plantation, and commercial or industrial hemp plantation proj… Read more