Minor International Public Company Limited (MINT) - Net Assets

Latest as of September 2025: ฿94.83 Billion THB ≈ $2.96 Billion USD

Based on the latest financial reports, Minor International Public Company Limited (MINT) has net assets worth ฿94.83 Billion THB (≈ $2.96 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿356.65 Billion ≈ $11.12 Billion USD) and total liabilities (฿261.82 Billion ≈ $8.16 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 Minor International Public Company Limit tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿94.83 Billion
% of Total Assets	26.59%
Annual Growth Rate	17.77%
5-Year Change	29.89%
10-Year Change	176.03%
Growth Volatility	16.67

Minor International Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Minor International Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Minor International Public Company Limit defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Minor International Public Company Limited (2000–2024)

The table below shows the annual net assets of Minor International Public Company Limited from 2000 to 2024. For live valuation and market cap data, see MINT market cap.

Year	Net Assets	Change
2024-12-31	฿99.14 Billion ≈ $3.09 Billion	+13.57%
2023-12-31	฿87.29 Billion ≈ $2.72 Billion	+5.67%
2022-12-31	฿82.61 Billion ≈ $2.57 Billion	+3.92%
2021-12-31	฿79.49 Billion ≈ $2.48 Billion	+4.15%
2020-12-31	฿76.32 Billion ≈ $2.38 Billion	-11.11%
2019-12-31	฿85.87 Billion ≈ $2.68 Billion	+3.36%
2018-12-31	฿83.07 Billion ≈ $2.59 Billion	+66.08%
2017-12-31	฿50.02 Billion ≈ $1.56 Billion	+22.61%
2016-12-31	฿40.80 Billion ≈ $1.27 Billion	+13.59%
2015-12-31	฿35.92 Billion ≈ $1.12 Billion	+19.62%
2014-12-31	฿30.02 Billion ≈ $935.84 Million	+11.72%
2013-12-31	฿26.87 Billion ≈ $837.66 Million	+38.91%
2012-12-31	฿19.35 Billion ≈ $603.01 Million	+29.54%
2011-12-31	฿14.93 Billion ≈ $465.50 Million	+8.17%
2010-12-31	฿13.81 Billion ≈ $430.32 Million	+14.53%
2009-12-31	฿12.05 Billion ≈ $375.72 Million	-2.81%
2008-12-31	฿12.40 Billion ≈ $386.60 Million	+27.76%
2007-12-31	฿9.71 Billion ≈ $302.59 Million	+19.49%
2006-12-31	฿8.12 Billion ≈ $253.23 Million	+36.81%
2005-12-31	฿5.94 Billion ≈ $185.10 Million	+4.64%
2004-12-31	฿5.68 Billion ≈ $176.89 Million	+33.16%
2003-12-31	฿4.26 Billion ≈ $132.84 Million	+33.78%
2002-12-31	฿3.19 Billion ≈ $99.29 Million	+16.96%
2001-12-31	฿2.72 Billion ≈ $84.90 Million	+39.21%
2000-12-31	฿1.96 Billion ≈ $60.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Minor International 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 1744.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿4.14 Billion	4.71%
Common Stock	฿5.67 Billion	6.46%
Other Comprehensive Income	฿599.79 Million	0.68%
Other Components	฿77.42 Billion	88.15%
Total Equity	฿87.83 Billion	100.00%

Minor International Public Company Limited Competitors by Market Cap

The table below lists competitors of Minor International Public Company Limited ranked by their market capitalization.

Company	Market Cap
DKSH Holding AG SW:DKSH	$3.92 Billion
North Copper Shanxi Co Ltd SHE:000737	$3.92 Billion
Vallourec PA:VK	$3.92 Billion
Graham Holdings Co NYSE:GHC	$3.93 Billion
First Capital Securities Co Ltd Class A SHE:002797	$3.92 Billion
MAZDA MOTOR UNSP.ADR/2 F:MZA0	$3.92 Billion
United Community Banks, Inc. NYSE:UCB	$3.92 Billion
JB Chemicals & Pharmaceuticals Limited NSE:JBCHEPHARM	$3.92 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 76,637,215,687 to 87,833,735,278, a change of 11,196,519,591 (14.6%).
Net income of 7,750,222,129 contributed positively to equity growth.
Dividend payments of 3,231,489,479 reduced retained earnings.
Other comprehensive income decreased equity by 34,558,559,109.
Other factors increased equity by 41,236,346,050.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿7.75 Billion	+8.82%
Dividends Paid	฿3.23 Billion	-3.68%
Other Comprehensive Income	฿-34.56 Billion	-39.35%
Other Changes	฿41.24 Billion	+46.95%
Total Change	฿-	14.61%

Book Value vs Market Value Analysis

This analysis compares Minor International 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: 1.43x
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 14.01x to 1.43x 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	฿1.58	฿22.20	x
2004-12-31	฿1.49	฿22.20	x
2005-12-31	฿1.52	฿22.20	x
2006-12-31	฿1.93	฿22.20	x
2007-12-31	฿2.27	฿22.20	x
2008-12-31	฿2.95	฿22.20	x
2009-12-31	฿2.76	฿22.20	x
2010-12-31	฿3.20	฿22.20	x
2011-12-31	฿3.56	฿22.20	x
2012-12-31	฿4.36	฿22.20	x
2013-12-31	฿5.72	฿22.20	x
2014-12-31	฿6.28	฿22.20	x
2015-12-31	฿7.34	฿22.20	x
2016-12-31	฿8.35	฿22.20	x
2017-12-31	฿10.50	฿22.20	x
2018-12-31	฿15.34	฿22.20	x
2019-12-31	฿16.09	฿22.20	x
2020-12-31	฿13.79	฿22.20	x
2021-12-31	฿13.09	฿22.20	x
2022-12-31	฿13.37	฿22.20	x
2023-12-31	฿13.99	฿22.20	x
2024-12-31	฿15.52	฿22.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Minor International 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): 8.82%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.80%
• Asset Turnover: 0.47x
• Equity Multiplier: 3.95x
Recent ROE (8.82%) is below the historical average (10.81%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.80%	17.03%	0.26x	2.63x	฿31.44 Million
2001	13.13%	16.80%	0.23x	3.39x	฿62.43 Million
2002	14.11%	16.76%	0.28x	2.99x	฿100.68 Million
2003	11.21%	8.59%	0.43x	3.07x	฿43.25 Million
2004	16.20%	8.64%	0.58x	3.21x	฿272.46 Million
2005	20.09%	10.16%	0.68x	2.92x	฿533.02 Million
2006	16.89%	10.30%	0.70x	2.35x	฿522.30 Million
2007	17.51%	11.48%	0.66x	2.31x	฿690.77 Million
2008	16.79%	11.97%	0.66x	2.13x	฿799.63 Million
2009	12.56%	8.18%	0.61x	2.54x	฿285.11 Million
2010	9.60%	6.58%	0.58x	2.54x	฿-51.31 Million
2011	20.05%	10.26%	0.69x	2.84x	฿1.44 Billion
2012	18.80%	10.89%	0.61x	2.81x	฿1.60 Billion
2013	16.35%	11.83%	0.58x	2.39x	฿1.59 Billion
2014	15.69%	11.90%	0.50x	2.65x	฿1.60 Billion
2015	21.46%	16.59%	0.44x	2.92x	฿3.76 Billion
2016	17.62%	12.88%	0.47x	2.90x	฿2.85 Billion
2017	11.44%	9.84%	0.46x	2.50x	฿682.54 Million
2018	7.57%	7.22%	0.28x	3.72x	฿-1.75 Billion
2019	14.18%	8.99%	0.47x	3.37x	฿3.15 Billion
2020	-33.90%	-40.57%	0.15x	5.41x	฿-29.40 Billion
2021	-20.84%	-20.40%	0.19x	5.43x	฿-20.98 Billion
2022	6.03%	3.57%	0.33x	5.04x	฿-2.82 Billion
2023	7.06%	3.62%	0.42x	4.69x	฿-2.26 Billion
2024	8.82%	4.80%	0.47x	3.95x	฿-1.03 Billion

Industry Comparison

This section compares Minor International Public Company Limited's net assets metrics with peer companies in the Lodging industry.

Industry Context

Industry: Lodging
Average net assets among peers: $6,281,739,394
Average return on equity (ROE) among peers: -3.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Minor International Public Company Limited (MINT)	฿94.83 Billion	11.80%	2.76x	$3.92 Billion
Asia Hotel Public Company Limited (ASIA)	$6.09 Billion	-1.84%	0.72x	$53.36 Million
Bound and Beyond PCL (BEYOND)	$4.78 Billion	1.68%	0.53x	$78.06 Million
The Erawan Group Public Company Limited (ERW)	$5.40 Billion	9.36%	1.97x	$438.69 Million
Grande Asset Hotels and Property Public Company Limited (GRAND)	$2.35 Billion	-17.71%	1.96x	$8.73 Million
Laguna Resorts & Hotels Public Company Limited (LRH)	$7.17 Billion	5.16%	0.13x	$175.34 Million
Mandarin Hotel Public Company Limited (MANRIN)	$457.16 Million	-4.57%	1.29x	$19.37 Million
OHTL Public Company Limited (OHTL)	$24.27 Billion	0.33%	1.10x	$120.47 Million
Royal Orchid Hotel (Thailand) Public Company Limited (ROH)	$663.25 Million	-23.32%	0.38x	$35.41 Million
Shangri-La Hotel Public Company Limited (SHANG)	$5.35 Billion	-2.77%	0.23x	$176.26 Million

About Minor International Public Company Limited

BK:MINT Thailand Lodging

Market Cap

$3.92 Billion

฿125.87 Billion THB

Market Cap Rank

#4202 Global

#26 in Thailand

Share Price

฿22.20

Change (1 day)

+1.37%

52-Week Range

฿19.80 - ฿26.75

All Time High

฿41.13