S Hotels and Resorts Public Company Limited
S Hotels and Resorts Public Company Limited, together with its subsidiaries, engages in the investment and hospitality businesses. It offers a portfolio of properties to guests in the Republic of Maldives, the Republic of Fiji, the Republic of Mauritius, the United Kingdom, and Thailand. The company was incorporated in 2019 and is headquartered in Bangkok, Thailand.
S Hotels and Resorts Public Company Limited (SHR) - Net Assets
Latest net assets as of September 2025: ฿15.65 Billion THB
Based on the latest financial reports, S Hotels and Resorts Public Company Limited (SHR) has net assets worth ฿15.65 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 (฿35.41 Billion) and total liabilities (฿19.76 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 | ฿15.65 Billion |
| % of Total Assets | 44.19% |
| Annual Growth Rate | 25.02% |
| 5-Year Change | 1.59% |
| 10-Year Change | N/A |
| Growth Volatility | 74.81 |
S Hotels and Resorts Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how S Hotels and Resorts 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 S Hotels and Resorts Public Company Limited (2016–2024)
The table below shows the annual net assets of S Hotels and Resorts Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿15.93 Billion | -1.03% |
| 2023-12-31 | ฿16.09 Billion | +0.45% |
| 2022-12-31 | ฿16.02 Billion | +0.86% |
| 2021-12-31 | ฿15.88 Billion | +1.31% |
| 2020-12-31 | ฿15.68 Billion | -12.54% |
| 2019-12-31 | ฿17.92 Billion | +49.56% |
| 2018-12-31 | ฿11.98 Billion | +36.59% |
| 2017-12-31 | ฿8.77 Billion | +228.84% |
| 2016-12-31 | ฿2.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to S Hotels and Resorts 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 decreased by 63180.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿19.02 Billion | 119.43% |
| Total Equity | ฿15.93 Billion | 100.00% |
S Hotels and Resorts Public Company Limited Competitors by Market Cap
The table below lists competitors of S Hotels and Resorts Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZOOZ Strategy Ltd.
TA:ZOOZ
|
$54.54 Million |
|
Hycon Technology
TWO:6457
|
$54.56 Million |
|
DrayTek Corp
TW:6216
|
$54.57 Million |
|
Societe Marseillaise du Tunnel Prado Carenage S.A.
LSE:0G2C
|
$54.57 Million |
|
AI TRANSPORTATION ACQUISITION CORP Unit
NASDAQ:AITRU
|
$54.50 Million |
|
M Evo Global Acquisition Corp II Class A Ordinary Shares
NASDAQ:MEVO
|
$54.50 Million |
|
PHENIXFIN CORP. DL -001
F:Q29
|
$54.48 Million |
|
St. Augustine Gold and Copper Limited
PINK:RTLGF
|
$54.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S Hotels and Resorts Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,091,047,447 to 15,925,837,805, a change of -165,209,642 (-1.0%).
- Net income of 133,933,955 contributed positively to equity growth.
- Dividend payments of 53,872,254 reduced retained earnings.
- Other comprehensive income increased equity by 1,639,592,463.
- Other factors decreased equity by 1,884,863,806.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿133.93 Million | +0.84% |
| Dividends Paid | ฿53.87 Million | -0.34% |
| Other Comprehensive Income | ฿1.64 Billion | +10.3% |
| Other Changes | ฿-1.88 Billion | -11.84% |
| Total Change | ฿- | -1.03% |
Book Value vs Market Value Analysis
This analysis compares S Hotels and Resorts 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 83.57x 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 |
|---|---|---|---|
| 2016-12-31 | ฿0.02 | ฿1.61 | x |
| 2017-12-31 | ฿0.05 | ฿1.61 | x |
| 2018-12-31 | ฿3.33 | ฿1.61 | x |
| 2019-12-31 | ฿4.99 | ฿1.61 | x |
| 2020-12-31 | ฿4.36 | ฿1.61 | x |
| 2021-12-31 | ฿4.42 | ฿1.61 | x |
| 2022-12-31 | ฿4.46 | ฿1.61 | x |
| 2023-12-31 | ฿4.48 | ฿1.61 | x |
| 2024-12-31 | ฿4.43 | ฿1.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S Hotels and Resorts 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): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.29%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.28x
- Recent ROE (0.84%) is below the historical average (4.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.03% | 0.51% | 0.16x | 84.50x | ฿-2.09 Million |
| 2017 | 58.27% | 10.53% | 0.09x | 61.18x | ฿93.70 Million |
| 2018 | 1.94% | 9.01% | 0.11x | 2.04x | ฿-966.33 Million |
| 2019 | -2.60% | -12.23% | 0.13x | 1.63x | ฿-2.26 Billion |
| 2020 | -15.12% | -151.68% | 0.06x | 1.73x | ฿-3.94 Billion |
| 2021 | -7.77% | -27.35% | 0.12x | 2.34x | ฿-2.82 Billion |
| 2022 | 0.09% | 0.17% | 0.24x | 2.28x | ฿-1.59 Billion |
| 2023 | 0.54% | 0.89% | 0.26x | 2.34x | ฿-1.52 Billion |
| 2024 | 0.84% | 1.29% | 0.28x | 2.28x | ฿-1.46 Billion |
Industry Comparison
This section compares S Hotels and Resorts 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: $1,576,549,986
- Average return on equity (ROE) among peers: 5.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S Hotels and Resorts Public Company Limited (SHR) | ฿15.65 Billion | 7.03% | 1.26x | $54.52 Million |
| Central Plaza Hotel Public Company Limited (CENTEL) | $2.63 Billion | 5.54% | 0.90x | $471.57 Million |
| Singha Estate Public Company Limited (S) | $525.20 Million | 5.81% | 0.56x | $27.01 Million |