MFC-Nichada Thani Property Fund
MFC-Nichada Thani Property Fund 2 is a fund specializing in real estate investments.
MFC-Nichada Thani Property Fund (MNIT) - Net Assets
Latest net assets as of June 2025: ฿711.71 Million THB
Based on the latest financial reports, MFC-Nichada Thani Property Fund (MNIT) has net assets worth ฿711.71 Million THB as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿720.60 Million) and total liabilities (฿8.89 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 | ฿711.71 Million |
| % of Total Assets | 98.77% |
| Annual Growth Rate | -4.72% |
| 5-Year Change | 0.96% |
| 10-Year Change | -3.13% |
| Growth Volatility | 11.43 |
MFC-Nichada Thani Property Fund - Net Assets Trend (2008–2024)
This chart illustrates how MFC-Nichada Thani Property Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MFC-Nichada Thani Property Fund (2008–2024)
The table below shows the annual net assets of MFC-Nichada Thani Property Fund from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿708.65 Million | +0.27% |
| 2023-12-31 | ฿706.74 Million | +1.33% |
| 2022-12-31 | ฿697.48 Million | +0.48% |
| 2021-12-31 | ฿694.16 Million | -1.10% |
| 2020-12-31 | ฿701.91 Million | +0.14% |
| 2019-12-31 | ฿700.94 Million | -1.77% |
| 2018-12-31 | ฿713.58 Million | +0.24% |
| 2017-12-31 | ฿711.88 Million | -1.04% |
| 2016-12-31 | ฿719.37 Million | -1.66% |
| 2015-12-31 | ฿731.54 Million | +0.26% |
| 2014-12-31 | ฿729.62 Million | +0.19% |
| 2013-12-31 | ฿728.24 Million | -47.24% |
| 2012-12-31 | ฿1.38 Billion | -6.57% |
| 2011-12-31 | ฿1.48 Billion | -2.69% |
| 2010-12-31 | ฿1.52 Billion | +2.99% |
| 2009-12-31 | ฿1.47 Billion | -4.11% |
| 2008-12-31 | ฿1.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MFC-Nichada Thani Property Fund'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 88.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿18.57 Million | 2.62% |
| Common Stock | ฿690.08 Million | 97.38% |
| Other Components | ฿1.00 | 0.00% |
| Total Equity | ฿708.65 Million | 100.00% |
MFC-Nichada Thani Property Fund Competitors by Market Cap
The table below lists competitors of MFC-Nichada Thani Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Green Resources Public Company Limited
BK:GREEN
|
$7.02 Million |
|
High-Tech Metals Ltd
AU:HTM
|
$7.02 Million |
|
WIJAYA KARYA BETON RP 100
F:WK0
|
$7.03 Million |
|
Step One Clothing Limited
F:J6H
|
$7.03 Million |
|
AB AMBER GRID EO 029
F:AMH
|
$7.02 Million |
|
Trimegah Karya Pratama Tbk PT
JK:UVCR
|
$7.02 Million |
|
Lai Sun Development Company Limited
PINK:LVSDF
|
$7.02 Million |
|
Mantengu Mining Ltd.
JSE:MTU
|
$7.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFC-Nichada Thani Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 706,737,255 to 708,649,823, a change of 1,912,568 (0.3%).
- Net income of 19,852,569 contributed positively to equity growth.
- Dividend payments of 17,940,001 reduced retained earnings.
- Other comprehensive income decreased equity by 706,737,255.
- Other factors increased equity by 706,737,255.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿19.85 Million | +2.8% |
| Dividends Paid | ฿17.94 Million | -2.53% |
| Other Comprehensive Income | ฿-706.74 Million | -99.73% |
| Other Changes | ฿706.74 Million | +99.73% |
| Total Change | ฿- | 0.27% |
Book Value vs Market Value Analysis
This analysis compares MFC-Nichada Thani Property Fund'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: 0.37x
- 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 increased from 0.17x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿11.14 | ฿1.90 | x |
| 2009-12-31 | ฿10.68 | ฿1.90 | x |
| 2010-12-31 | ฿11.00 | ฿1.90 | x |
| 2011-12-31 | ฿10.71 | ฿1.90 | x |
| 2012-12-31 | ฿10.00 | ฿1.90 | x |
| 2013-12-31 | ฿5.28 | ฿1.90 | x |
| 2014-12-31 | ฿5.29 | ฿1.90 | x |
| 2015-12-31 | ฿5.30 | ฿1.90 | x |
| 2016-12-31 | ฿5.21 | ฿1.90 | x |
| 2017-12-31 | ฿5.18 | ฿1.90 | x |
| 2018-12-31 | ฿5.16 | ฿1.90 | x |
| 2019-12-31 | ฿5.08 | ฿1.90 | x |
| 2020-12-31 | ฿5.09 | ฿1.90 | x |
| 2021-12-31 | ฿5.03 | ฿1.90 | x |
| 2022-12-31 | ฿5.05 | ฿1.90 | x |
| 2023-12-31 | ฿5.12 | ฿1.90 | x |
| 2024-12-31 | ฿5.14 | ฿1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFC-Nichada Thani Property Fund 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.20%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.01x
- Recent ROE (2.80%) is above the historical average (2.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 7.63% | 109.06% | 0.07x | 1.02x | ฿-36.48 Million |
| 2009 | 2.36% | 32.13% | 0.07x | 1.02x | ฿-112.59 Million |
| 2010 | 9.42% | 129.31% | 0.07x | 1.02x | ฿-8.83 Million |
| 2011 | 4.11% | 53.39% | 0.08x | 1.02x | ฿-87.09 Million |
| 2012 | -3.29% | -66.80% | 0.05x | 1.03x | ฿-183.37 Million |
| 2013 | 9.56% | 128.51% | 0.07x | 1.02x | ฿-3.22 Million |
| 2014 | 3.39% | 57.35% | 0.06x | 1.02x | ฿-48.19 Million |
| 2015 | 3.14% | 54.30% | 0.06x | 1.01x | ฿-50.21 Million |
| 2016 | 0.77% | 15.70% | 0.05x | 1.01x | ฿-66.43 Million |
| 2017 | 0.42% | 11.77% | 0.03x | 1.01x | ฿-68.23 Million |
| 2018 | 0.76% | 25.11% | 0.03x | 1.01x | ฿-65.96 Million |
| 2019 | -3.71% | -103.65% | 0.04x | 1.02x | ฿-96.09 Million |
| 2020 | 1.61% | 41.04% | 0.04x | 1.01x | ฿-58.87 Million |
| 2021 | 0.87% | 24.35% | 0.04x | 1.01x | ฿-63.37 Million |
| 2022 | 1.53% | 40.02% | 0.04x | 1.01x | ฿-59.11 Million |
| 2023 | 3.11% | 73.54% | 0.04x | 1.01x | ฿-48.72 Million |
| 2024 | 2.80% | 61.20% | 0.05x | 1.01x | ฿-51.01 Million |
Industry Comparison
This section compares MFC-Nichada Thani Property Fund's net assets metrics with peer companies in the REIT - Residential industry.
No peer company data available for comparison.