Siamese Asset Public Company Limited
Siamese Asset Public Company Limited engages in the real estate development business in Thailand. The company operates through Property Development, Service, and Hotel segments. It develops, manages, and sells residential real estate projects, which include single houses, condominiums, and townhouses. The company also offers consulting and management; juristic person management; health; space and… Read more
Siamese Asset Public Company Limited (SA) - Net Assets
Latest net assets as of September 2025: ฿6.34 Billion THB
Based on the latest financial reports, Siamese Asset Public Company Limited (SA) has net assets worth ฿6.34 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 (฿24.01 Billion) and total liabilities (฿17.67 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 | ฿6.34 Billion |
| % of Total Assets | 26.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | 60.17% |
| 10-Year Change | 861.44% |
| Growth Volatility | 317.04 |
Siamese Asset Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Siamese Asset 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 Siamese Asset Public Company Limited (2012–2024)
The table below shows the annual net assets of Siamese Asset Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿6.32 Billion | +5.46% |
| 2023-12-31 | ฿5.99 Billion | +28.32% |
| 2022-12-31 | ฿4.67 Billion | +6.82% |
| 2021-12-31 | ฿4.37 Billion | +10.81% |
| 2020-12-31 | ฿3.94 Billion | +56.80% |
| 2019-12-31 | ฿2.52 Billion | +41.96% |
| 2018-12-31 | ฿1.77 Billion | +33.83% |
| 2017-12-31 | ฿1.32 Billion | +20.71% |
| 2016-12-31 | ฿1.10 Billion | +66.94% |
| 2015-12-31 | ฿657.05 Million | +1084.95% |
| 2013-12-31 | ฿55.45 Million | +186.38% |
| 2012-12-31 | ฿-64.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siamese Asset 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 170331900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.63 Billion | 29.11% |
| Other Components | ฿3.97 Billion | 70.89% |
| Total Equity | ฿5.60 Billion | 100.00% |
Siamese Asset Public Company Limited Competitors by Market Cap
The table below lists competitors of Siamese Asset Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Entera Bio Ltd
NASDAQ:ENTX
|
$43.30 Million |
|
Regina Miracle International (Holdings) Limited
F:RMT
|
$43.34 Million |
|
Jiangxi Chen Guang New Materials Co Ltd
SHG:605399
|
$43.34 Million |
|
Finder Energy Holdings Ltd
AU:FDR
|
$43.34 Million |
|
Hwacheon Machi
KO:010660
|
$43.29 Million |
|
Expensify Inc
NASDAQ:EXFY
|
$43.26 Million |
|
Mopas Marketcilik Gida
IS:MOPAS
|
$43.23 Million |
|
Exel Composites Oyj
HE:EXL1V
|
$43.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siamese Asset Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,263,734,000 to 5,595,918,000, a change of 332,184,000 (6.3%).
- Net income of 386,323,000 contributed positively to equity growth.
- Dividend payments of 59,945,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,353,566,000.
- Other factors increased equity by 1,359,372,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿386.32 Million | +6.9% |
| Dividends Paid | ฿59.95 Million | -1.07% |
| Other Comprehensive Income | ฿-1.35 Billion | -24.19% |
| Other Changes | ฿1.36 Billion | +24.29% |
| Total Change | ฿- | 6.31% |
Book Value vs Market Value Analysis
This analysis compares Siamese Asset 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: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.70x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.26 | ฿7.20 | x |
| 2015-12-31 | ฿0.86 | ฿7.20 | x |
| 2016-12-31 | ฿1.31 | ฿7.20 | x |
| 2017-12-31 | ฿1.05 | ฿7.20 | x |
| 2018-12-31 | ฿1.44 | ฿7.20 | x |
| 2019-12-31 | ฿1.71 | ฿7.20 | x |
| 2020-12-31 | ฿3.55 | ฿7.20 | x |
| 2021-12-31 | ฿3.25 | ฿7.20 | x |
| 2022-12-31 | ฿3.48 | ฿7.20 | x |
| 2023-12-31 | ฿4.39 | ฿7.20 | x |
| 2024-12-31 | ฿4.67 | ฿7.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siamese Asset 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): 6.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.45%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.13x
- Recent ROE (6.90%) is above the historical average (-4.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -25.41% | 0.10x | 0.00x | ฿-56.74 Million |
| 2013 | -126.89% | -10.95% | 0.20x | 59.35x | ฿-75.91 Million |
| 2015 | -2.74% | -1.53% | 0.29x | 6.14x | ฿-83.69 Million |
| 2016 | 4.53% | 3.86% | 0.20x | 5.88x | ฿-54.42 Million |
| 2017 | 5.40% | 4.69% | 0.18x | 6.38x | ฿-57.35 Million |
| 2018 | 9.59% | 8.03% | 0.16x | 7.29x | ฿-7.05 Million |
| 2019 | 21.55% | 14.49% | 0.27x | 5.59x | ฿269.37 Million |
| 2020 | 17.36% | 18.58% | 0.26x | 3.53x | ฿269.33 Million |
| 2021 | 3.99% | 6.71% | 0.15x | 3.85x | ฿-221.01 Million |
| 2022 | 5.42% | 11.13% | 0.12x | 4.00x | ฿-191.09 Million |
| 2023 | 3.67% | 13.64% | 0.07x | 4.12x | ฿-333.32 Million |
| 2024 | 6.90% | 8.45% | 0.20x | 4.13x | ฿-173.27 Million |
Industry Comparison
This section compares Siamese Asset 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 |
|---|---|---|---|---|
| Siamese Asset Public Company Limited (SA) | ฿6.34 Billion | 0.00% | 2.79x | $43.29 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 |