Singha Estate Public Company Limited
Singha Estate Public Company Limited, together with its subsidiaries, develops and invests in real estate properties for rental and sale in Thailand and internationally. The company develops private estates, single detached houses, home offices, and condominiums; and commercial buildings, and industrial estate and infrastructure. It engages in the provision of hotel, hotel management, and hospita… Read more
Singha Estate Public Company Limited (S) - Net Assets
Latest net assets as of September 2025: ฿21.87 Billion THB
Based on the latest financial reports, Singha Estate Public Company Limited (S) has net assets worth ฿21.87 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿71.11 Billion) and total liabilities (฿49.24 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 | ฿21.87 Billion |
| % of Total Assets | 30.76% |
| Annual Growth Rate | 23.96% |
| 5-Year Change | -4.79% |
| 10-Year Change | 87.87% |
| Growth Volatility | 145.53 |
Singha Estate Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Singha Estate 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 Singha Estate Public Company Limited (2005–2024)
The table below shows the annual net assets of Singha Estate Public Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿22.41 Billion | -1.29% |
| 2023-12-31 | ฿22.71 Billion | +0.45% |
| 2022-12-31 | ฿22.61 Billion | +3.23% |
| 2021-12-31 | ฿21.90 Billion | -6.98% |
| 2020-12-31 | ฿23.54 Billion | -14.69% |
| 2019-12-31 | ฿27.60 Billion | +37.34% |
| 2018-12-31 | ฿20.09 Billion | +5.23% |
| 2017-12-31 | ฿19.10 Billion | +23.23% |
| 2016-12-31 | ฿15.50 Billion | +29.89% |
| 2015-12-31 | ฿11.93 Billion | +114.91% |
| 2014-12-31 | ฿5.55 Billion | +654.62% |
| 2013-12-31 | ฿735.64 Million | +3.98% |
| 2012-12-31 | ฿707.51 Million | +5.32% |
| 2011-12-31 | ฿671.78 Million | -1.02% |
| 2010-12-31 | ฿678.68 Million | +16.12% |
| 2009-12-31 | ฿584.46 Million | +14.44% |
| 2008-12-31 | ฿510.73 Million | -2.76% |
| 2007-12-31 | ฿525.20 Million | +41.49% |
| 2006-12-31 | ฿371.20 Million | -1.94% |
| 2005-12-31 | ฿378.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Singha Estate 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 5145.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿4.12 Billion | 25.09% |
| Common Stock | ฿6.85 Billion | 41.74% |
| Other Comprehensive Income | ฿22.25 Million | 0.14% |
| Other Components | ฿5.43 Billion | 33.04% |
| Total Equity | ฿16.42 Billion | 100.00% |
Singha Estate Public Company Limited Competitors by Market Cap
The table below lists competitors of Singha Estate Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Datagate Bilgisayar Malzemeleri Ticaret AS
IS:DGATE
|
$27.01 Million |
|
Cytogen Inc
KQ:217330
|
$27.02 Million |
|
GEA Grenobl. Elect.
PA:GEA
|
$27.03 Million |
|
Development Advance Solution Co Ltd
KO:058730
|
$27.03 Million |
|
ICBC Turkey Bank AS
IS:ICBCT
|
$27.00 Million |
|
DAEMO Engineering Co. Ltd
KQ:317850
|
$27.00 Million |
|
YES24 Co.Ltd
KQ:053280
|
$27.00 Million |
|
Viking Supply Ships AB (publ)
ST:VSSAB-B
|
$26.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Singha Estate Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,649,364,089 to 16,421,613,207, a change of -227,750,882 (-1.4%).
- Net income of 65,531,534 contributed positively to equity growth.
- Dividend payments of 102,805,115 reduced retained earnings.
- Other comprehensive income increased equity by 8,257,732.
- Other factors decreased equity by 198,735,033.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿65.53 Million | +0.4% |
| Dividends Paid | ฿102.81 Million | -0.63% |
| Other Comprehensive Income | ฿8.26 Million | +0.05% |
| Other Changes | ฿-198.74 Million | -1.21% |
| Total Change | ฿- | -1.37% |
Book Value vs Market Value Analysis
This analysis compares Singha Estate 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 0.56x 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 |
|---|---|---|---|
| 2005-12-31 | ฿0.92 | ฿0.51 | x |
| 2006-12-31 | ฿0.90 | ฿0.51 | x |
| 2007-12-31 | ฿1.02 | ฿0.51 | x |
| 2008-12-31 | ฿0.93 | ฿0.51 | x |
| 2009-12-31 | ฿1.06 | ฿0.51 | x |
| 2010-12-31 | ฿1.23 | ฿0.51 | x |
| 2011-12-31 | ฿1.22 | ฿0.51 | x |
| 2012-12-31 | ฿1.29 | ฿0.51 | x |
| 2013-12-31 | ฿0.25 | ฿0.51 | x |
| 2014-12-31 | ฿1.08 | ฿0.51 | x |
| 2015-12-31 | ฿2.01 | ฿0.51 | x |
| 2016-12-31 | ฿2.33 | ฿0.51 | x |
| 2017-12-31 | ฿2.47 | ฿0.51 | x |
| 2018-12-31 | ฿2.53 | ฿0.51 | x |
| 2019-12-31 | ฿2.56 | ฿0.51 | x |
| 2020-12-31 | ฿2.18 | ฿0.51 | x |
| 2021-12-31 | ฿2.32 | ฿0.51 | x |
| 2022-12-31 | ฿2.42 | ฿0.51 | x |
| 2023-12-31 | ฿2.43 | ฿0.51 | x |
| 2024-12-31 | ฿2.13 | ฿0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Singha Estate 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): 0.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.43%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 4.42x
- Recent ROE (0.40%) is below the historical average (4.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 19.61% | 17.21% | 0.48x | 2.37x | ฿36.39 Million |
| 2006 | 10.95% | 6.05% | 0.86x | 2.11x | ฿3.52 Million |
| 2007 | 5.81% | 6.54% | 0.57x | 1.56x | ฿-21.99 Million |
| 2008 | 1.08% | 2.03% | 0.30x | 1.77x | ฿-45.55 Million |
| 2009 | 12.62% | 12.49% | 0.49x | 2.05x | ฿15.29 Million |
| 2010 | 16.83% | 14.56% | 0.47x | 2.45x | ฿46.35 Million |
| 2011 | 26.04% | 14.18% | 0.81x | 2.28x | ฿107.74 Million |
| 2012 | 6.48% | 7.32% | 0.51x | 1.72x | ฿-24.88 Million |
| 2013 | 3.14% | 4.83% | 0.39x | 1.67x | ฿-50.44 Million |
| 2014 | -4.52% | -69.20% | 0.04x | 1.75x | ฿-805.81 Million |
| 2015 | -2.42% | -12.14% | 0.08x | 2.35x | ฿-1.34 Billion |
| 2016 | 1.20% | 5.27% | 0.11x | 2.15x | ฿-1.25 Billion |
| 2017 | 3.50% | 9.76% | 0.14x | 2.50x | ฿-1.06 Billion |
| 2018 | 7.43% | 17.07% | 0.13x | 3.40x | ฿-445.50 Million |
| 2019 | 6.52% | 9.32% | 0.18x | 3.86x | ฿-610.14 Million |
| 2020 | -23.84% | -54.16% | 0.10x | 4.37x | ฿-5.05 Billion |
| 2021 | -3.82% | -7.86% | 0.12x | 4.14x | ฿-2.20 Billion |
| 2022 | 2.95% | 3.91% | 0.18x | 4.14x | ฿-1.17 Billion |
| 2023 | 1.27% | 1.44% | 0.20x | 4.48x | ฿-1.45 Billion |
| 2024 | 0.40% | 0.43% | 0.21x | 4.42x | ฿-1.58 Billion |
Industry Comparison
This section compares Singha Estate Public Company Limited's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $9,276,866,902
- Average return on equity (ROE) among peers: 3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Singha Estate Public Company Limited (S) | ฿21.87 Billion | 19.61% | 2.25x | $27.01 Million |
| Central Plaza Hotel Public Company Limited (CENTEL) | $2.63 Billion | 5.54% | 0.90x | $471.57 Million |
| S Hotels and Resorts Public Company Limited (SHR) | $15.93 Billion | 0.84% | 1.28x | $54.52 Million |