M.K. Real Estate Development Public Company Limited (MK) - Net Assets

Latest as of December 2025: ฿4.92 Billion THB ≈ $153.31 Million USD

Based on the latest financial reports, M.K. Real Estate Development Public Company Limited (MK) has net assets worth ฿4.92 Billion THB (≈ $153.31 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿16.40 Billion ≈ $511.17 Million USD) and total liabilities (฿11.48 Billion ≈ $357.86 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 MK financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.92 Billion
% of Total Assets	29.99%
Annual Growth Rate	4.35%
5-Year Change	-23.96%
10-Year Change	-26.52%
Growth Volatility	13.43

M.K. Real Estate Development Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how M.K. Real Estate Development Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore M.K. Real Estate Development Public Comp asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for M.K. Real Estate Development Public Company Limited (2000–2025)

The table below shows the annual net assets of M.K. Real Estate Development Public Company Limited from 2000 to 2025. For live valuation and market cap data, see market cap of M.K. Real Estate Development Public Comp.

Year	Net Assets	Change
2025-12-31	฿4.92 Billion ≈ $153.31 Million	-13.64%
2024-12-31	฿5.70 Billion ≈ $177.52 Million	+0.42%
2023-12-31	฿5.67 Billion ≈ $176.78 Million	-12.24%
2022-12-31	฿6.46 Billion ≈ $201.44 Million	-0.09%
2021-12-31	฿6.47 Billion ≈ $201.62 Million	-2.60%
2020-12-31	฿6.64 Billion ≈ $206.99 Million	-2.27%
2019-12-31	฿6.79 Billion ≈ $211.79 Million	+2.24%
2018-12-31	฿6.65 Billion ≈ $207.15 Million	-0.33%
2017-12-31	฿6.67 Billion ≈ $207.83 Million	-0.38%
2016-12-31	฿6.69 Billion ≈ $208.63 Million	+0.84%
2015-12-31	฿6.64 Billion ≈ $206.89 Million	+21.35%
2014-12-31	฿5.47 Billion ≈ $170.49 Million	+3.60%
2013-12-31	฿5.28 Billion ≈ $164.57 Million	+5.45%
2012-12-31	฿5.01 Billion ≈ $156.06 Million	+2.16%
2011-12-31	฿4.90 Billion ≈ $152.77 Million	-1.08%
2010-12-31	฿4.95 Billion ≈ $154.43 Million	+7.24%
2009-12-31	฿4.62 Billion ≈ $144.00 Million	+7.26%
2008-12-31	฿4.31 Billion ≈ $134.26 Million	-8.27%
2007-12-31	฿4.70 Billion ≈ $146.37 Million	+4.76%
2006-12-31	฿4.48 Billion ≈ $139.72 Million	+5.61%
2005-12-31	฿4.24 Billion ≈ $132.31 Million	+15.68%
2004-12-31	฿3.67 Billion ≈ $114.37 Million	+16.87%
2003-12-31	฿3.14 Billion ≈ $97.86 Million	+54.72%
2002-12-31	฿2.03 Billion ≈ $63.25 Million	+23.27%
2001-12-31	฿1.65 Billion ≈ $51.31 Million	-2.97%
2000-12-31	฿1.70 Billion ≈ $52.88 Million	--

Equity Component Analysis

This analysis shows how different components contribute to M.K. Real Estate Development 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 163020900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿1.63 Billion	33.44%
Other Components	฿3.24 Billion	66.56%
Total Equity	฿4.87 Billion	100.00%

M.K. Real Estate Development Public Company Limited Competitors by Market Cap

The table below lists competitors of M.K. Real Estate Development Public Company Limited ranked by their market capitalization.

Company	Market Cap
Sierra Nevada Gold Inc AU:SNX	$23.09 Million
Mistral Iberia Real Estate SOCIMI S.A. MC:YMIB	$23.09 Million
Race Eco Chain Limited NSE:RACE	$23.11 Million
Genolution Inc. KQ:225220	$23.12 Million
Automobile &Pc KO:015260	$23.08 Million
Atomos Ltd AU:AMS	$23.08 Million
Pioneer Motor Public Company Limited BK:PIMO	$23.07 Million
Wästbygg Gruppen AB (publ) ST:WBGR-B	$23.05 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in M.K. Real Estate Development Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,656,995,000 to 4,874,723,000, a change of -782,272,000 (-13.8%).
Net loss of 465,094,000 reduced equity.
Other comprehensive income decreased equity by 111,721,000.
Other factors decreased equity by 205,457,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-465.09 Million	-9.54%
Other Comprehensive Income	฿-111.72 Million	-2.29%
Other Changes	฿-205.46 Million	-4.21%
Total Change	฿-	-13.83%

Book Value vs Market Value Analysis

This analysis compares M.K. Real Estate Development 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: 0.15x
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
2006-12-31	฿4.68	฿0.52	x
2007-12-31	฿4.93	฿0.52	x
2008-12-31	฿4.52	฿0.52	x
2009-12-31	฿4.86	฿0.52	x
2010-12-31	฿5.23	฿0.52	x
2011-12-31	฿4.70	฿0.52	x
2012-12-31	฿4.81	฿0.52	x
2013-12-31	฿5.07	฿0.52	x
2014-12-31	฿5.77	฿0.52	x
2015-12-31	฿6.65	฿0.52	x
2016-12-31	฿6.03	฿0.52	x
2017-12-31	฿6.01	฿0.52	x
2018-12-31	฿6.09	฿0.52	x
2019-12-31	฿6.23	฿0.52	x
2020-12-31	฿6.09	฿0.52	x
2021-12-31	฿5.93	฿0.52	x
2022-12-31	฿5.89	฿0.52	x
2023-12-31	฿5.17	฿0.52	x
2024-12-31	฿5.04	฿0.52	x
2025-12-31	฿3.42	฿0.52	x

Capital Efficiency Dashboard

This dashboard shows how efficiently M.K. Real Estate Development 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): -9.54%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -39.72%
• Asset Turnover: 0.07x
• Equity Multiplier: 3.36x
Recent ROE (-9.54%) is below the historical average (4.08%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	6.73%	15.04%	0.16x	2.83x	฿-66.30 Million
2003	15.06%	27.96%	0.26x	2.09x	฿158.95 Million
2004	12.22%	25.77%	0.25x	1.87x	฿81.28 Million
2005	10.82%	19.36%	0.36x	1.57x	฿34.69 Million
2006	9.12%	20.25%	0.29x	1.57x	฿-39.32 Million
2007	7.06%	16.33%	0.29x	1.51x	฿-137.94 Million
2008	9.42%	18.58%	0.35x	1.43x	฿-24.77 Million
2009	11.69%	21.40%	0.42x	1.30x	฿78.01 Million
2010	11.09%	20.19%	0.42x	1.30x	฿54.01 Million
2011	4.78%	13.98%	0.25x	1.38x	฿-255.78 Million
2012	5.20%	15.07%	0.23x	1.47x	฿-240.38 Million
2013	8.12%	15.53%	0.41x	1.29x	฿-98.93 Million
2014	8.19%	19.06%	0.32x	1.35x	฿-99.08 Million
2015	9.69%	16.71%	0.32x	1.80x	฿-20.36 Million
2016	5.33%	12.22%	0.21x	2.05x	฿-307.30 Million
2017	3.56%	7.61%	0.22x	2.16x	฿-422.76 Million
2018	4.60%	6.73%	0.29x	2.37x	฿-358.68 Million
2019	2.61%	4.00%	0.27x	2.46x	฿-502.05 Million
2020	-0.05%	-0.11%	0.17x	2.71x	฿-667.52 Million
2021	-2.86%	-6.11%	0.16x	2.94x	฿-832.15 Million
2022	-7.97%	-22.22%	0.12x	3.09x	฿-1.16 Billion
2023	-11.92%	-29.71%	0.12x	3.43x	฿-1.24 Billion
2024	-14.92%	-58.31%	0.06x	4.25x	฿-1.41 Billion
2025	-9.54%	-39.72%	0.07x	3.36x	฿-952.57 Million

Industry Comparison

This section compares M.K. Real Estate Development 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
M.K. Real Estate Development Public Company Limited (MK)	฿4.92 Billion	6.73%	2.33x	$23.08 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 M.K. Real Estate Development Public Company Limited

BK:MK Thailand Real Estate - Development

Market Cap

$23.08 Million

฿740.59 Million THB

Market Cap Rank

#24580 Global

#469 in Thailand

Share Price

฿0.52

Change (1 day)

+0.00%

52-Week Range

฿0.41 - ฿1.38

All Time High

฿3.72