Shangri-La Hotel Public Company Limited (SHANG) - Net Assets

Latest as of September 2025: ฿7.51 Billion THB ≈ $233.95 Million USD

Based on the latest financial reports, Shangri-La Hotel Public Company Limited (SHANG) has net assets worth ฿7.51 Billion THB (≈ $233.95 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 (฿8.03 Billion ≈ $250.41 Million USD) and total liabilities (฿528.09 Million ≈ $16.46 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 SHANG asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿7.51 Billion
% of Total Assets	93.43%
Annual Growth Rate	2.01%
5-Year Change	0.79%
10-Year Change	-4.77%
Growth Volatility	10.76

Shangri-La Hotel Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Shangri-La Hotel Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore SHANG current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Shangri-La Hotel Public Company Limited (2000–2024)

The table below shows the annual net assets of Shangri-La Hotel Public Company Limited from 2000 to 2024. For live valuation and market cap data, see SHANG market cap.

Year	Net Assets	Change
2024-12-31	฿7.44 Billion ≈ $231.87 Million	+1.93%
2023-12-31	฿7.30 Billion ≈ $227.48 Million	+0.08%
2022-12-31	฿7.29 Billion ≈ $227.31 Million	+0.57%
2021-12-31	฿7.25 Billion ≈ $226.01 Million	-1.76%
2020-12-31	฿7.38 Billion ≈ $230.06 Million	-14.59%
2019-12-31	฿8.64 Billion ≈ $269.34 Million	-0.32%
2018-12-31	฿8.67 Billion ≈ $270.21 Million	+0.84%
2017-12-31	฿8.60 Billion ≈ $267.97 Million	+6.41%
2016-12-31	฿8.08 Billion ≈ $251.82 Million	+3.42%
2015-12-31	฿7.81 Billion ≈ $243.49 Million	+8.59%
2014-12-31	฿7.19 Billion ≈ $224.22 Million	+6.10%
2013-12-31	฿6.78 Billion ≈ $211.34 Million	+40.41%
2012-12-31	฿4.83 Billion ≈ $150.51 Million	+2.13%
2011-12-31	฿4.73 Billion ≈ $147.38 Million	-11.54%
2010-12-31	฿5.35 Billion ≈ $166.61 Million	-1.33%
2009-12-31	฿5.42 Billion ≈ $168.85 Million	-2.16%
2008-12-31	฿5.54 Billion ≈ $172.57 Million	-10.42%
2007-12-31	฿6.18 Billion ≈ $192.65 Million	+6.10%
2006-12-31	฿5.83 Billion ≈ $181.57 Million	+8.78%
2005-12-31	฿5.36 Billion ≈ $166.91 Million	+10.03%
2004-12-31	฿4.87 Billion ≈ $151.70 Million	+12.64%
2003-12-31	฿4.32 Billion ≈ $134.68 Million	+3.90%
2002-12-31	฿4.16 Billion ≈ $129.62 Million	+6.37%
2001-12-31	฿3.91 Billion ≈ $121.86 Million	-15.28%
2000-12-31	฿4.61 Billion ≈ $143.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shangri-La Hotel 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 449.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿3.70 Billion	49.70%
Common Stock	฿1.30 Billion	17.48%
Other Comprehensive Income	฿130.00 Million	1.75%
Other Components	฿2.31 Billion	31.07%
Total Equity	฿7.44 Billion	100.00%

Shangri-La Hotel Public Company Limited Competitors by Market Cap

The table below lists competitors of Shangri-La Hotel Public Company Limited ranked by their market capitalization.

Company	Market Cap
VAA Vista Alegre Atlantis SGPS SA LS:VAF	$184.41 Million
Dynacor Gold Mines Inc. TO:DNG	$184.47 Million
Ador Welding Limited NSE:ADORWELD	$184.52 Million
PW MEDTECH GROUP DL-0001 F:PWE	$184.70 Million
Photocure OL:PHO	$184.23 Million
Panion & BF Biotech Inc TW:1760	$184.23 Million
Solid FAB ST:SFAB	$184.19 Million
PIE Industrial Bhd KLSE:7095	$184.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shangri-La Hotel Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,295,301,015 to 7,436,229,080, a change of 140,928,065 (1.9%).
Net income of 370,956,076 contributed positively to equity growth.
Dividend payments of 130,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 818,852,570.
Other factors increased equity by 718,824,559.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿370.96 Million	+4.99%
Dividends Paid	฿130.00 Million	-1.75%
Other Comprehensive Income	฿-818.85 Million	-11.01%
Other Changes	฿718.82 Million	+9.67%
Total Change	฿-	1.93%

Book Value vs Market Value Analysis

This analysis compares Shangri-La Hotel 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: 0.80x
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 1.03x to 0.80x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	฿44.26	฿45.50	x
2007-12-31	฿47.06	฿45.50	x
2008-12-31	฿42.16	฿45.50	x
2009-12-31	฿41.67	฿45.50	x
2010-12-31	฿41.12	฿45.50	x
2011-12-31	฿36.37	฿45.50	x
2012-12-31	฿37.15	฿45.50	x
2013-12-31	฿52.09	฿45.50	x
2014-12-31	฿55.23	฿45.50	x
2015-12-31	฿59.95	฿45.50	x
2016-12-31	฿61.94	฿45.50	x
2017-12-31	฿65.86	฿45.50	x
2018-12-31	฿66.24	฿45.50	x
2019-12-31	฿66.00	฿45.50	x
2020-12-31	฿56.30	฿45.50	x
2021-12-31	฿54.90	฿45.50	x
2022-12-31	฿55.21	฿45.50	x
2023-12-31	฿56.12	฿45.50	x
2024-12-31	฿57.20	฿45.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shangri-La Hotel 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): 4.99%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.89%
• Asset Turnover: 0.29x
• Equity Multiplier: 1.08x
Recent ROE (4.99%) is above the historical average (4.82%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	2.55%	7.57%	0.31x	1.09x	฿-343.60 Million
2001	3.29%	9.04%	0.33x	1.09x	฿-262.15 Million
2002	10.33%	31.62%	0.29x	1.14x	฿13.90 Million
2003	5.42%	17.07%	0.28x	1.13x	฿-198.05 Million
2004	8.87%	24.69%	0.33x	1.10x	฿-55.08 Million
2005	9.05%	26.74%	0.31x	1.10x	฿-50.96 Million
2006	9.58%	26.93%	0.32x	1.12x	฿-24.26 Million
2007	8.03%	23.69%	0.29x	1.15x	฿-120.29 Million
2008	5.60%	16.49%	0.31x	1.10x	฿-240.81 Million
2009	-2.72%	-13.34%	0.17x	1.22x	฿-688.97 Million
2010	-2.77%	-11.70%	0.19x	1.23x	฿-682.36 Million
2011	-4.78%	-14.24%	0.27x	1.26x	฿-698.81 Million
2012	2.07%	4.83%	0.34x	1.24x	฿-383.04 Million
2013	30.28%	91.78%	0.30x	1.08x	฿1.37 Billion
2014	12.28%	46.82%	0.24x	1.07x	฿163.42 Million
2015	8.54%	28.09%	0.28x	1.08x	฿-113.91 Million
2016	7.28%	26.59%	0.25x	1.07x	฿-219.24 Million
2017	6.42%	22.91%	0.26x	1.08x	฿-306.59 Million
2018	8.15%	27.55%	0.27x	1.08x	฿-159.68 Million
2019	7.52%	25.76%	0.27x	1.08x	฿-213.06 Million
2020	-13.42%	-150.68%	0.08x	1.05x	฿-1.71 Billion
2021	-6.81%	-145.40%	0.04x	1.06x	฿-1.20 Billion
2022	-1.03%	-6.28%	0.15x	1.09x	฿-791.60 Million
2023	1.89%	6.40%	0.27x	1.08x	฿-591.54 Million
2024	4.99%	15.89%	0.29x	1.08x	฿-372.67 Million

Industry Comparison

This section compares Shangri-La Hotel Public Company Limited's net assets metrics with peer companies in the Lodging industry.

Industry Context

Industry: Lodging
Average net assets among peers: $6,161,358,817
Average return on equity (ROE) among peers: -2.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shangri-La Hotel Public Company Limited (SHANG)	฿7.51 Billion	2.55%	0.07x	$184.37 Million
Asia Hotel Public Company Limited (ASIA)	$6.09 Billion	-1.84%	0.72x	$52.86 Million
Bound and Beyond PCL (BEYOND)	$4.78 Billion	1.68%	0.53x	$76.85 Million
The Erawan Group Public Company Limited (ERW)	$5.40 Billion	9.36%	1.97x	$359.48 Million
Grande Asset Hotels and Property Public Company Limited (GRAND)	$2.35 Billion	-17.71%	1.96x	$8.73 Million
Laguna Resorts & Hotels Public Company Limited (LRH)	$7.17 Billion	5.16%	0.13x	$175.34 Million
Mandarin Hotel Public Company Limited (MANRIN)	$457.16 Million	-4.57%	1.29x	$19.37 Million
Minor International Public Company Limited (MINT)	$4.26 Billion	9.40%	1.57x	$3.66 Billion
OHTL Public Company Limited (OHTL)	$24.27 Billion	0.33%	1.10x	$132.71 Million
Royal Orchid Hotel (Thailand) Public Company Limited (ROH)	$663.25 Million	-23.32%	0.38x	$35.41 Million

About Shangri-La Hotel Public Company Limited

BK:SHANG Thailand Lodging

Market Cap

$184.37 Million

฿5.92 Billion THB

Market Cap Rank

#16845 Global

#204 in Thailand

Share Price

฿45.50

Change (1 day)

-0.55%

52-Week Range

฿39.50 - ฿60.75

All Time High

฿80.05