Sena Development Public Company Limited (SENA) - Net Assets
Based on the latest financial reports, Sena Development Public Company Limited (SENA) has net assets worth ฿17.11 Billion THB (≈ $533.41 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 (฿41.37 Billion ≈ $1.29 Billion USD) and total liabilities (฿24.25 Billion ≈ $755.97 Million 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 SENA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿17.11 Billion |
| % of Total Assets | 41.37% |
| Annual Growth Rate | 18.15% |
| 5-Year Change | 137.3% |
| 10-Year Change | 380.26% |
| Growth Volatility | 14.36 |
Sena Development Public Company Limited - Net Assets Trend (2008–2024)
This chart illustrates how Sena Development Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sena Development Public Company Limited for the complete picture of this company's asset base.
Annual Net Assets for Sena Development Public Company Limited (2008–2024)
The table below shows the annual net assets of Sena Development Public Company Limited from 2008 to 2024. For live valuation and market cap data, see SENA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿17.01 Billion ≈ $530.13 Million |
+65.66% |
| 2023-12-31 | ฿10.27 Billion ≈ $320.02 Million |
+3.16% |
| 2022-12-31 | ฿9.95 Billion ≈ $310.22 Million |
+27.56% |
| 2021-12-31 | ฿7.80 Billion ≈ $243.19 Million |
+8.86% |
| 2020-12-31 | ฿7.17 Billion ≈ $223.40 Million |
+10.23% |
| 2019-12-31 | ฿6.50 Billion ≈ $202.66 Million |
+9.36% |
| 2018-12-31 | ฿5.95 Billion ≈ $185.32 Million |
+24.44% |
| 2017-12-31 | ฿4.78 Billion ≈ $148.93 Million |
+18.03% |
| 2016-12-31 | ฿4.05 Billion ≈ $126.18 Million |
+14.31% |
| 2015-12-31 | ฿3.54 Billion ≈ $110.38 Million |
+27.57% |
| 2014-12-31 | ฿2.78 Billion ≈ $86.53 Million |
+14.96% |
| 2013-12-31 | ฿2.41 Billion ≈ $75.27 Million |
+7.86% |
| 2012-12-31 | ฿2.24 Billion ≈ $69.78 Million |
+13.40% |
| 2011-12-31 | ฿1.97 Billion ≈ $61.53 Million |
+15.10% |
| 2010-12-31 | ฿1.72 Billion ≈ $53.46 Million |
+10.90% |
| 2009-12-31 | ฿1.55 Billion ≈ $48.21 Million |
+31.14% |
| 2008-12-31 | ฿1.18 Billion ≈ $36.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sena Development 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 1108.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.23 Billion | 75.90% |
| Common Stock | ฿1.44 Billion | 17.57% |
| Other Comprehensive Income | ฿182.65 Million | 2.22% |
| Other Components | ฿353.50 Million | 4.31% |
| Total Equity | ฿8.21 Billion | 100.00% |
Sena Development Public Company Limited Competitors by Market Cap
The table below lists competitors of Sena Development Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eaton Vance Senior Income Closed Fund
NYSE:EVF
|
$90.85 Million |
|
Amarin Printing and Publishing Public Company Limited
BK:AMARIN
|
$90.86 Million |
|
American Well Corp
NYSE:AMWL
|
$90.87 Million |
|
Maywufa Co Ltd
TW:1731
|
$90.87 Million |
|
Adyton Resources Corp
V:ADY
|
$90.80 Million |
|
Fast Ejendom
CO:FED
|
$90.79 Million |
|
Scope Fluidics SA
WAR:SCP
|
$90.78 Million |
|
Fortune Mate Indonesia Tbk
JK:FMII
|
$90.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sena Development Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,174,555,895 to 8,209,719,802, a change of 35,163,907 (0.4%).
- Net income of 399,608,147 contributed positively to equity growth.
- Dividend payments of 355,463,819 reduced retained earnings.
- New share issuances of 3,461,256 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿399.61 Million | +4.87% |
| Dividends Paid | ฿355.46 Million | -4.33% |
| Share Issuances | ฿3.46 Million | +0.04% |
| Other Changes | ฿-12.44 Million | -0.15% |
| Total Change | ฿- | 0.43% |
Book Value vs Market Value Analysis
This analysis compares Sena Development 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: 0.36x
- 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 1.40x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿1.47 | ฿2.06 | x |
| 2009-12-31 | ฿1.88 | ฿2.06 | x |
| 2010-12-31 | ฿1.80 | ฿2.06 | x |
| 2011-12-31 | ฿2.07 | ฿2.06 | x |
| 2012-12-31 | ฿2.35 | ฿2.06 | x |
| 2013-12-31 | ฿2.53 | ฿2.06 | x |
| 2014-12-31 | ฿2.86 | ฿2.06 | x |
| 2015-12-31 | ฿3.28 | ฿2.06 | x |
| 2016-12-31 | ฿2.85 | ฿2.06 | x |
| 2017-12-31 | ฿3.41 | ฿2.06 | x |
| 2018-12-31 | ฿4.09 | ฿2.06 | x |
| 2019-12-31 | ฿4.26 | ฿2.06 | x |
| 2020-12-31 | ฿4.74 | ฿2.06 | x |
| 2021-12-31 | ฿5.42 | ฿2.06 | x |
| 2022-12-31 | ฿5.47 | ฿2.06 | x |
| 2023-12-31 | ฿5.67 | ฿2.06 | x |
| 2024-12-31 | ฿5.69 | ฿2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sena Development 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): 4.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.00%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 4.99x
- Recent ROE (4.87%) is below the historical average (14.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 26.61% | 21.95% | 0.69x | 1.75x | ฿171.23 Million |
| 2009 | 18.58% | 20.80% | 0.63x | 1.42x | ฿131.19 Million |
| 2010 | 18.53% | 25.37% | 0.39x | 1.90x | ฿145.81 Million |
| 2011 | 21.27% | 19.48% | 0.72x | 1.51x | ฿221.55 Million |
| 2012 | 13.19% | 17.45% | 0.39x | 1.92x | ฿71.06 Million |
| 2013 | 11.22% | 13.48% | 0.35x | 2.35x | ฿29.39 Million |
| 2014 | 15.73% | 15.86% | 0.41x | 2.43x | ฿158.24 Million |
| 2015 | 7.21% | 11.66% | 0.27x | 2.31x | ฿-98.42 Million |
| 2016 | 18.91% | 19.04% | 0.52x | 1.89x | ฿359.29 Million |
| 2017 | 15.71% | 14.39% | 0.48x | 2.27x | ฿270.00 Million |
| 2018 | 17.05% | 17.54% | 0.39x | 2.50x | ฿388.63 Million |
| 2019 | 14.64% | 17.31% | 0.34x | 2.48x | ฿281.98 Million |
| 2020 | 16.57% | 27.38% | 0.23x | 2.65x | ฿443.86 Million |
| 2021 | 16.10% | 41.15% | 0.16x | 2.40x | ฿473.89 Million |
| 2022 | 11.43% | 24.56% | 0.16x | 2.96x | ฿113.15 Million |
| 2023 | 4.98% | 11.11% | 0.14x | 3.12x | ฿-410.77 Million |
| 2024 | 4.87% | 12.00% | 0.08x | 4.99x | ฿-421.36 Million |
Industry Comparison
This section compares Sena Development 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: $4,402,060,383
- Average return on equity (ROE) among peers: 3.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sena Development Public Company Limited (SENA) | ฿17.11 Billion | 26.61% | 1.42x | $90.85 Million |
| Areeya Property Public Company Limited (A) | $3.34 Billion | 2.92% | 3.04x | $147.84 Million |
| Amata Corporation Public Company Limited (AMATA) | $3.63 Billion | 25.54% | 0.83x | $745.57 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $28.09 Billion | 8.84% | 1.31x | $605.77 Million |
| Ananda Development Public Company Limited (ANAN) | $-111.99 Million | 0.00% | 0.00x | $45.45 Million |
| AP (Thailand) Public Company Limited (AP) | $605.52 Million | 10.06% | 1.78x | $759.93 Million |
| Baan Rock Garden Public Company Limited (BROCK) | $1.23 Billion | 2.48% | 0.02x | $40.25 Million |
| Country Group Development Public Company Limited (CGD) | $35.98 Million | 0.00% | 18.76x | $28.34 Million |
| Chewathai Public Company Limited (CHEWA) | $1.54 Billion | -23.09% | 2.01x | $7.15 Million |
| Charn Issara Development Public Company Limited (CI) | $770.22 Million | 5.30% | 1.14x | $10.97 Million |
| Eastern Star Real Estate Public Company Limited (ESTAR) | $4.88 Billion | 0.44% | 0.38x | $36.00 Million |
About Sena Development Public Company Limited
Sena Development Public Company Limited, together with its subsidiaries, engages in the development and sale of properties in Thailand. The company operates through segments: Property development for sales, rental real estate, service, energy group and electric car. The company offers condominiums, and rents apartments; and constructs residential real estate properties. The company is also involv… Read more