Singha Estate Public Company Limited (S) - Net Assets
Based on the latest financial reports, Singha Estate Public Company Limited (S) has net assets worth ฿21.87 Billion THB (≈ $681.65 Million USD) 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 ≈ $2.22 Billion USD) and total liabilities (฿49.24 Billion ≈ $1.53 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 S financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Singha Estate Public Company Limited for the complete picture of this company's asset base.
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. For live valuation and market cap data, see S company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿22.41 Billion ≈ $698.62 Million |
-1.29% |
| 2023-12-31 | ฿22.71 Billion ≈ $707.78 Million |
+0.45% |
| 2022-12-31 | ฿22.61 Billion ≈ $704.60 Million |
+3.23% |
| 2021-12-31 | ฿21.90 Billion ≈ $682.54 Million |
-6.98% |
| 2020-12-31 | ฿23.54 Billion ≈ $733.77 Million |
-14.69% |
| 2019-12-31 | ฿27.60 Billion ≈ $860.14 Million |
+37.34% |
| 2018-12-31 | ฿20.09 Billion ≈ $626.29 Million |
+5.23% |
| 2017-12-31 | ฿19.10 Billion ≈ $595.19 Million |
+23.23% |
| 2016-12-31 | ฿15.50 Billion ≈ $483.00 Million |
+29.89% |
| 2015-12-31 | ฿11.93 Billion ≈ $371.85 Million |
+114.91% |
| 2014-12-31 | ฿5.55 Billion ≈ $173.03 Million |
+654.62% |
| 2013-12-31 | ฿735.64 Million ≈ $22.93 Million |
+3.98% |
| 2012-12-31 | ฿707.51 Million ≈ $22.05 Million |
+5.32% |
| 2011-12-31 | ฿671.78 Million ≈ $20.94 Million |
-1.02% |
| 2010-12-31 | ฿678.68 Million ≈ $21.15 Million |
+16.12% |
| 2009-12-31 | ฿584.46 Million ≈ $18.22 Million |
+14.44% |
| 2008-12-31 | ฿510.73 Million ≈ $15.92 Million |
-2.76% |
| 2007-12-31 | ฿525.20 Million ≈ $16.37 Million |
+41.49% |
| 2006-12-31 | ฿371.20 Million ≈ $11.57 Million |
-1.94% |
| 2005-12-31 | ฿378.56 Million ≈ $11.80 Million |
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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 |
|---|---|
|
Bank Pembangunan Timur Tbk
JK:BJTM
|
$104.72 Million |
|
Champion Building Materials Co Ltd
TW:1806
|
$104.73 Million |
|
BAPCOR LTD.
F:0BS
|
$104.76 Million |
|
Hillevax Inc
NASDAQ:HLVX
|
$104.76 Million |
|
Luxchem Corporation Bhd
KLSE:5143
|
$104.67 Million |
|
Meiloon Industrial Co Ltd
TW:2477
|
$104.66 Million |
|
Geodrill Limited
TO:GEO
|
$104.64 Million |
|
Farcent Enterprise Co Ltd
TW:1730
|
$104.59 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: 0.23x
- 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 0.53x to 0.23x 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 | ฿0.49 | x |
| 2006-12-31 | ฿0.90 | ฿0.49 | x |
| 2007-12-31 | ฿1.02 | ฿0.49 | x |
| 2008-12-31 | ฿0.93 | ฿0.49 | x |
| 2009-12-31 | ฿1.06 | ฿0.49 | x |
| 2010-12-31 | ฿1.23 | ฿0.49 | x |
| 2011-12-31 | ฿1.22 | ฿0.49 | x |
| 2012-12-31 | ฿1.29 | ฿0.49 | x |
| 2013-12-31 | ฿0.25 | ฿0.49 | x |
| 2014-12-31 | ฿1.08 | ฿0.49 | x |
| 2015-12-31 | ฿2.01 | ฿0.49 | x |
| 2016-12-31 | ฿2.33 | ฿0.49 | x |
| 2017-12-31 | ฿2.47 | ฿0.49 | x |
| 2018-12-31 | ฿2.53 | ฿0.49 | x |
| 2019-12-31 | ฿2.56 | ฿0.49 | x |
| 2020-12-31 | ฿2.18 | ฿0.49 | x |
| 2021-12-31 | ฿2.32 | ฿0.49 | x |
| 2022-12-31 | ฿2.42 | ฿0.49 | x |
| 2023-12-31 | ฿2.43 | ฿0.49 | x |
| 2024-12-31 | ฿2.13 | ฿0.49 | 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: $14,229,355,353
- Average return on equity (ROE) among peers: -3.72%
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 | $104.68 Million |
| Central Plaza Hotel Public Company Limited (CENTEL) | $10.06 Billion | 15.72% | 1.76x | $1.30 Billion |
| Central Plaza Hotel Public Company Limited (CENTEL-R) | $10.22 Billion | -27.17% | 2.46x | $1.40 Billion |
| Singha Estate Public Company Limited (S-R) | $22.41 Billion | 0.29% | 2.24x | $113.22 Million |
About 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