Quality Houses Public Company Limited
Quality Houses Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. The company operates through four segments: Real Estate Business, Hotel Business, Rental Business, and Others. It develops and sells land and houses and residential condominium units; rents office buildings; and provides services for residential buildings, as well as ma… Read more
Quality Houses Public Company Limited (QH-R) - Net Assets
Latest net assets as of December 2024: ฿29.30 Billion THB
Based on the latest financial reports, Quality Houses Public Company Limited (QH-R) has net assets worth ฿29.30 Billion THB as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿44.82 Billion) and total liabilities (฿15.52 Billion). 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 | ฿29.30 Billion |
| % of Total Assets | 65.38% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 10.3% |
| 10-Year Change | 36.01% |
| Growth Volatility | 7.31 |
Quality Houses Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Quality Houses Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Quality Houses Public Company Limited (2004–2024)
The table below shows the annual net assets of Quality Houses Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿29.30 Billion | +3.28% |
| 2023-12-31 | ฿28.37 Billion | +1.94% |
| 2022-12-31 | ฿27.83 Billion | +3.14% |
| 2021-12-31 | ฿26.99 Billion | +1.57% |
| 2020-12-31 | ฿26.57 Billion | -1.10% |
| 2019-12-31 | ฿26.86 Billion | +2.26% |
| 2018-12-31 | ฿26.27 Billion | +5.92% |
| 2017-12-31 | ฿24.80 Billion | +8.12% |
| 2016-12-31 | ฿22.94 Billion | +6.47% |
| 2015-12-31 | ฿21.55 Billion | +12.52% |
| 2014-12-31 | ฿19.15 Billion | +10.83% |
| 2013-12-31 | ฿17.28 Billion | +11.55% |
| 2012-12-31 | ฿15.49 Billion | +17.63% |
| 2011-12-31 | ฿13.17 Billion | -1.53% |
| 2010-12-31 | ฿13.37 Billion | +6.95% |
| 2009-12-31 | ฿12.50 Billion | +8.76% |
| 2008-12-31 | ฿11.50 Billion | +27.12% |
| 2007-12-31 | ฿9.04 Billion | +5.45% |
| 2006-12-31 | ฿8.58 Billion | +22.96% |
| 2005-12-31 | ฿6.98 Billion | +8.46% |
| 2004-12-31 | ฿6.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Quality Houses 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 814.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿17.87 Billion | 60.98% |
| Other Components | ฿11.44 Billion | 39.02% |
| Total Equity | ฿29.30 Billion | 100.00% |
Quality Houses Public Company Limited Competitors by Market Cap
The table below lists competitors of Quality Houses Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ciputra Development Tbk
JK:CTRA
|
$371.65 Million |
|
Tianjin Lisheng Pharmaceutical Co Ltd
SHE:002393
|
$371.69 Million |
|
Photo-Me International plc
F:PHQ
|
$371.70 Million |
|
Genusplus Group Ltd
AU:GNP
|
$371.81 Million |
|
QingCloud Technologies Corp.
SHG:688316
|
$371.60 Million |
|
Zorlu Enerji Elektrik Uretim AS
IS:ZOREN
|
$371.55 Million |
|
COFCO Engineering & Technology Co Ltd
SHE:301058
|
$371.40 Million |
|
Dongwon Ind
KO:006040
|
$371.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quality Houses Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,372,529,859 to 29,304,517,195, a change of 931,987,336 (3.3%).
- Net income of 2,150,105,041 contributed positively to equity growth.
- Dividend payments of 1,392,821,021 reduced retained earnings.
- Other comprehensive income decreased equity by 1,071,442,609.
- Other factors increased equity by 1,246,145,925.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.15 Billion | +7.34% |
| Dividends Paid | ฿1.39 Billion | -4.75% |
| Other Comprehensive Income | ฿-1.07 Billion | -3.66% |
| Other Changes | ฿1.25 Billion | +4.25% |
| Total Change | ฿- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares Quality Houses 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: 0.61x
- 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 1.97x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿0.84 | ฿1.66 | x |
| 2005-12-31 | ฿0.92 | ฿1.66 | x |
| 2006-12-31 | ฿1.10 | ฿1.66 | x |
| 2007-12-31 | ฿1.02 | ฿1.66 | x |
| 2008-12-31 | ฿1.22 | ฿1.66 | x |
| 2009-12-31 | ฿1.26 | ฿1.66 | x |
| 2010-12-31 | ฿1.35 | ฿1.66 | x |
| 2011-12-31 | ฿1.23 | ฿1.66 | x |
| 2012-12-31 | ฿1.45 | ฿1.66 | x |
| 2013-12-31 | ฿1.61 | ฿1.66 | x |
| 2014-12-31 | ฿1.79 | ฿1.66 | x |
| 2015-12-31 | ฿2.01 | ฿1.66 | x |
| 2016-12-31 | ฿2.14 | ฿1.66 | x |
| 2017-12-31 | ฿2.31 | ฿1.66 | x |
| 2018-12-31 | ฿2.45 | ฿1.66 | x |
| 2019-12-31 | ฿2.51 | ฿1.66 | x |
| 2020-12-31 | ฿2.48 | ฿1.66 | x |
| 2021-12-31 | ฿2.52 | ฿1.66 | x |
| 2022-12-31 | ฿2.60 | ฿1.66 | x |
| 2023-12-31 | ฿2.65 | ฿1.66 | x |
| 2024-12-31 | ฿2.74 | ฿1.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quality Houses 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): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.48%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.53x
- Recent ROE (7.34%) is below the historical average (12.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 15.00% | 13.41% | 0.45x | 2.50x | ฿321.55 Million |
| 2005 | 11.80% | 10.24% | 0.42x | 2.77x | ฿125.78 Million |
| 2006 | 11.75% | 9.07% | 0.54x | 2.39x | ฿150.12 Million |
| 2007 | 11.79% | 10.08% | 0.44x | 2.64x | ฿161.94 Million |
| 2008 | 13.55% | 14.53% | 0.37x | 2.51x | ฿407.92 Million |
| 2009 | 13.72% | 14.86% | 0.41x | 2.26x | ฿465.51 Million |
| 2010 | 14.98% | 14.69% | 0.45x | 2.28x | ฿665.38 Million |
| 2011 | 6.48% | 8.66% | 0.26x | 2.88x | ฿-463.84 Million |
| 2012 | 15.40% | 18.24% | 0.31x | 2.68x | ฿836.78 Million |
| 2013 | 19.14% | 16.79% | 0.47x | 2.41x | ฿1.58 Billion |
| 2014 | 17.39% | 15.69% | 0.44x | 2.54x | ฿1.41 Billion |
| 2015 | 14.42% | 15.26% | 0.38x | 2.46x | ฿951.94 Million |
| 2016 | 13.45% | 16.13% | 0.36x | 2.31x | ฿791.02 Million |
| 2017 | 13.96% | 20.24% | 0.32x | 2.14x | ฿982.01 Million |
| 2018 | 14.47% | 23.64% | 0.30x | 2.06x | ฿1.17 Billion |
| 2019 | 10.62% | 26.72% | 0.21x | 1.89x | ฿167.52 Million |
| 2020 | 7.99% | 23.24% | 0.19x | 1.79x | ฿-533.42 Million |
| 2021 | 6.19% | 20.56% | 0.18x | 1.71x | ฿-1.03 Billion |
| 2022 | 8.61% | 25.96% | 0.21x | 1.57x | ฿-387.75 Million |
| 2023 | 8.82% | 27.91% | 0.21x | 1.53x | ฿-334.63 Million |
| 2024 | 7.34% | 25.48% | 0.19x | 1.53x | ฿-780.35 Million |
Industry Comparison
This section compares Quality Houses 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: $5,782,610,297
- Average return on equity (ROE) among peers: 8.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quality Houses Public Company Limited (QH-R) | ฿29.30 Billion | 15.00% | 0.53x | $371.63 Million |
| Areeya Property Public Company Limited (A) | $3.11 Billion | -11.12% | 3.14x | $24.02 Million |
| Asset Five Group PCL (A5) | $1.40 Billion | 36.13% | 1.44x | $20.21 Million |
| AKS Corporation Public Company Limited (AKS) | $2.92 Billion | 4.40% | 1.17x | $2.35 Million |
| Alpha Divisions PCL (ALPHAX) | $187.30 Million | 8.66% | 0.63x | $54.26 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $14.97 Billion | 9.41% | 0.96x | $384.26 Million |
| Ananda Development Public Company Limited (ANAN) | $4.92 Billion | -5.84% | 0.90x | $18.46 Million |
| AP (Thailand) Public Company Limited (AP-R) | $24.38 Billion | 15.86% | 1.02x | $605.57 Million |
| Arinsiri Land Public Company Limited (ARIN) | $9.74 Million | -2.64% | 28.78x | $5.22 Million |
| Bless Asset Group PCL (BLESS) | $582.78 Million | 10.14% | 1.76x | $1.59 Million |
| Britania PCL (BRI) | $5.35 Billion | 22.34% | 2.72x | $8.35 Million |