Sena Development Public Company Limited Net Assets
Sena Development Public Company Limited net assets. Based on the latest financial reports, Sena Development Public Company Limited (SENA) has net assets worth ฿17.28 Billion THB (≈ $538.70 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿41.82 Billion ≈ $1.30 Billion USD) and total liabilities (฿24.54 Billion ≈ $764.93 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. Also explore Sena Development Public Company Limited equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿17.28 Billion |
| % of Total Assets | 41.32% |
| Annual Growth Rate | 17.11% |
| 5-Year Change | 121.51% |
| 10-Year Change | 326.93% |
| Growth Volatility | 14.51 |
Net Assets of Sena Development Public Company Limited (2008–2025)
Net assets of Sena Development Public Company Limited from 2008 to 2025. This chart illustrates how Sena Development Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Sena Development Public Company Limited net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Sena Development Public Company Limited (2008–2025)
The table below shows the annual net assets of Sena Development Public Company Limited from 2008 to 2025. For live market cap and overall valuation, see how much is Sena Development Public Company Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿17.28 Billion ≈ $538.70 Million |
+1.62% |
| 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 1138.2% over the analyzed period, indicating profitable operations and earnings retention.
Sena Development Public Company Limited Net Assets Breakdown (December 2025)
Sena Development Public Company Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.38 Billion | 76.06% |
| Other Components | ฿2.01 Billion | 23.94% |
| Total Equity | ฿8.39 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 |
|---|---|
|
Pasupati Acrylon Limited
NSE:PASUPTAC
|
$68.37 Million |
|
Thai Mitsuwa Public Company Limited
BK:TMW
|
$68.40 Million |
|
Mason Capital Corporation
KQ:021880
|
$68.43 Million |
|
Energy Transition Minerals Ltd
AU:ETM
|
$68.43 Million |
|
Dynamic Medical Technologies
TWO:4138
|
$68.31 Million |
|
Polygon-L
TA:POLY
|
$68.30 Million |
|
Aero Win Technology Corp
TW:8222
|
$68.27 Million |
|
Chumporn Palm Oil Industry Public Company Limited
BK:CPI
|
$68.24 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 2024 to 2025, total equity changed from 8,209,719,802 to 8,392,946,011, a change of 183,226,209 (2.2%).
- Net income of 323,613,766 contributed positively to equity growth.
- Dividend payments of 431,726,262 reduced retained earnings.
- Other comprehensive income decreased equity by 182,648,313.
- Other factors increased equity by 473,987,018.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿323.61 Million | +3.86% |
| Dividends Paid | ฿431.73 Million | -5.14% |
| Other Comprehensive Income | ฿-182.65 Million | -2.18% |
| Other Changes | ฿473.99 Million | +5.65% |
| Total Change | ฿- | 2.23% |
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: 0.26x
- 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 1.06x to 0.26x 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 | ฿1.55 | x |
| 2009-12-31 | ฿1.88 | ฿1.55 | x |
| 2010-12-31 | ฿1.80 | ฿1.55 | x |
| 2011-12-31 | ฿2.07 | ฿1.55 | x |
| 2012-12-31 | ฿2.35 | ฿1.55 | x |
| 2013-12-31 | ฿2.53 | ฿1.55 | x |
| 2014-12-31 | ฿2.86 | ฿1.55 | x |
| 2015-12-31 | ฿3.28 | ฿1.55 | x |
| 2016-12-31 | ฿2.85 | ฿1.55 | x |
| 2017-12-31 | ฿3.41 | ฿1.55 | x |
| 2018-12-31 | ฿4.09 | ฿1.55 | x |
| 2019-12-31 | ฿4.26 | ฿1.55 | x |
| 2020-12-31 | ฿4.74 | ฿1.55 | x |
| 2021-12-31 | ฿5.42 | ฿1.55 | x |
| 2022-12-31 | ฿5.47 | ฿1.55 | x |
| 2023-12-31 | ฿5.67 | ฿1.55 | x |
| 2024-12-31 | ฿5.69 | ฿1.55 | x |
| 2025-12-31 | ฿5.93 | ฿1.55 | 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): 3.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.28%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 4.98x
- Recent ROE (3.86%) is below the historical average (14.25%), 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 |
| 2025 | 3.86% | 6.28% | 0.12x | 4.98x | ฿-515.68 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: $11,861,378,576
- Average return on equity (ROE) among peers: 3.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sena Development Public Company Limited (SENA) | ฿17.28 Billion | 26.61% | 1.42x | $68.36 Million |
| Areeya Property Public Company Limited (A) | $3.11 Billion | -11.12% | 3.14x | $147.84 Million |
| Amata Corporation Public Company Limited (AMATA) | $28.09 Billion | 8.84% | 1.31x | $958.84 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $18.75 Billion | 5.88% | 1.14x | $605.77 Million |
| Ananda Development Public Company Limited (ANAN) | $18.47 Billion | 3.81% | 1.64x | $44.15 Million |
| AP (Thailand) Public Company Limited (AP) | $40.74 Billion | 14.86% | 1.06x | $764.83 Million |
| Baan Rock Garden Public Company Limited (BROCK) | $1.22 Billion | -1.27% | 0.03x | $34.50 Million |
| Country Group Development Public Company Limited (CGD) | $591.12 Million | -7.07% | 0.24x | $25.76 Million |
| Chewathai Public Company Limited (CHEWA) | $1.99 Billion | 5.80% | 2.17x | $5.17 Million |
| Charn Issara Development Public Company Limited (CI) | $983.25 Million | 5.45% | 1.29x | $10.97 Million |
| Eastern Star Real Estate Public Company Limited (ESTAR) | $4.67 Billion | 5.99% | 0.46x | $37.57 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 six segments: real estate development for sale, real estate rental, real estate services, golf course operations, energy group, and automobile dealership. The company offers property development for sale; project management services; … Read more