Siri Prime Office Property Fd
Sansiri Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. The company operates through Property Development Business; Building Management, Project Management, and Real Estate Brokerage Business; Hotel Management; and Other Business segments. It develops single-detached and semi-detached houses, townhomes, home offices, and condominiu… Read more
Siri Prime Office Property Fd (SIRI) - Net Assets
Latest net assets as of September 2025: ฿50.92 Billion THB
Based on the latest financial reports, Siri Prime Office Property Fd (SIRI) has net assets worth ฿50.92 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 (฿148.43 Billion) and total liabilities (฿97.51 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 | ฿50.92 Billion |
| % of Total Assets | 34.3% |
| Annual Growth Rate | 19.48% |
| 5-Year Change | 24.98% |
| 10-Year Change | 80.12% |
| Growth Volatility | 90.63 |
Siri Prime Office Property Fd - Net Assets Trend (2000–2024)
This chart illustrates how Siri Prime Office Property Fd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Siri Prime Office Property Fd (2000–2024)
The table below shows the annual net assets of Siri Prime Office Property Fd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿48.99 Billion | +3.34% |
| 2023-12-31 | ฿47.41 Billion | +7.65% |
| 2022-12-31 | ฿44.04 Billion | +7.50% |
| 2021-12-31 | ฿40.97 Billion | +4.51% |
| 2020-12-31 | ฿39.20 Billion | +22.97% |
| 2019-12-31 | ฿31.87 Billion | +3.31% |
| 2018-12-31 | ฿30.85 Billion | +1.23% |
| 2017-12-31 | ฿30.48 Billion | +8.48% |
| 2016-12-31 | ฿28.10 Billion | +3.30% |
| 2015-12-31 | ฿27.20 Billion | +9.60% |
| 2014-12-31 | ฿24.82 Billion | +45.40% |
| 2013-12-31 | ฿17.07 Billion | +15.04% |
| 2012-12-31 | ฿14.84 Billion | +30.39% |
| 2011-12-31 | ฿11.38 Billion | +20.43% |
| 2010-12-31 | ฿9.45 Billion | -6.68% |
| 2009-12-31 | ฿10.12 Billion | +13.06% |
| 2008-12-31 | ฿8.95 Billion | +7.29% |
| 2007-12-31 | ฿8.35 Billion | +7.24% |
| 2006-12-31 | ฿7.78 Billion | +0.51% |
| 2005-12-31 | ฿7.74 Billion | +8.63% |
| 2004-12-31 | ฿7.13 Billion | +78.00% |
| 2003-12-31 | ฿4.00 Billion | +21.78% |
| 2002-12-31 | ฿3.29 Billion | +457.54% |
| 2001-12-31 | ฿589.79 Million | -13.74% |
| 2000-12-31 | ฿683.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siri Prime Office Property Fd'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 2215411263705.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿19.92 Billion | 41.35% |
| Common Stock | ฿18.51 Billion | 38.43% |
| Other Comprehensive Income | ฿2.03 Billion | 4.22% |
| Other Components | ฿7.71 Billion | 16.00% |
| Total Equity | ฿48.18 Billion | 100.00% |
Siri Prime Office Property Fd Competitors by Market Cap
The table below lists competitors of Siri Prime Office Property Fd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wah Lee Industrial Corp
TW:3010
|
$645.33 Million |
|
Luk Fook Holdings (International) Limited
PINK:LKFLF
|
$645.40 Million |
|
Unilever Indonesia Tbk
JK:UNVR
|
$645.57 Million |
|
AFFIN Holdings Bhd
KLSE:5185
|
$645.90 Million |
|
AMERAN.BANCORP CL.A DL-1
F:0KZA
|
$645.16 Million |
|
Daily Journal Corp
NASDAQ:DJCO
|
$644.90 Million |
|
Lontium Semiconductor Corp. A
SHG:688486
|
$644.60 Million |
|
LD + HOUSES PCL FGN BA 1
F:LHOG
|
$644.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siri Prime Office Property Fd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,975,569,821 to 48,177,925,325, a change of 7,202,355,504 (17.6%).
- Net income of 5,252,915,556 contributed positively to equity growth.
- Dividend payments of 3,288,664,931 reduced retained earnings.
- New share issuances of 754,149,000 increased equity.
- Other comprehensive income decreased equity by 357,254,308.
- Other factors increased equity by 4,841,210,187.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿5.25 Billion | +10.9% |
| Dividends Paid | ฿3.29 Billion | -6.83% |
| Share Issuances | ฿754.15 Million | +1.57% |
| Other Comprehensive Income | ฿-357.25 Million | -0.74% |
| Other Changes | ฿4.84 Billion | +10.05% |
| Total Change | ฿- | 17.58% |
Book Value vs Market Value Analysis
This analysis compares Siri Prime Office Property Fd'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: 0.52x
- 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 3.15x to 0.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | ฿0.46 | ฿1.44 | x |
| 2001-12-31 | ฿0.38 | ฿1.44 | x |
| 2002-12-31 | ฿0.68 | ฿1.44 | x |
| 2003-12-31 | ฿0.80 | ฿1.44 | x |
| 2004-12-31 | ฿0.96 | ฿1.44 | x |
| 2005-12-31 | ฿0.96 | ฿1.44 | x |
| 2006-12-31 | ฿0.96 | ฿1.44 | x |
| 2007-12-31 | ฿1.03 | ฿1.44 | x |
| 2008-12-31 | ฿1.29 | ฿1.44 | x |
| 2009-12-31 | ฿1.46 | ฿1.44 | x |
| 2010-12-31 | ฿1.15 | ฿1.44 | x |
| 2011-12-31 | ฿1.31 | ฿1.44 | x |
| 2012-12-31 | ฿1.37 | ฿1.44 | x |
| 2013-12-31 | ฿1.30 | ฿1.44 | x |
| 2014-12-31 | ฿2.29 | ฿1.44 | x |
| 2015-12-31 | ฿1.91 | ฿1.44 | x |
| 2016-12-31 | ฿1.97 | ฿1.44 | x |
| 2017-12-31 | ฿2.13 | ฿1.44 | x |
| 2018-12-31 | ฿2.08 | ฿1.44 | x |
| 2019-12-31 | ฿2.18 | ฿1.44 | x |
| 2020-12-31 | ฿2.57 | ฿1.44 | x |
| 2021-12-31 | ฿2.60 | ฿1.44 | x |
| 2022-12-31 | ฿2.83 | ฿1.44 | x |
| 2023-12-31 | ฿2.47 | ฿1.44 | x |
| 2024-12-31 | ฿2.77 | ฿1.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siri Prime Office Property Fd 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): 10.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.90%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 3.10x
- Recent ROE (10.90%) is below the historical average (13.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 109.55% | 412.05% | 0.09x | 2.84x | ฿678.45 Million |
| 2001 | -15.04% | -16.80% | 0.30x | 3.00x | ฿-147.85 Million |
| 2002 | 1.53% | 3.76% | 0.16x | 2.54x | ฿-273.18 Million |
| 2003 | 14.84% | 15.20% | 0.27x | 3.64x | ฿189.05 Million |
| 2004 | 7.00% | 7.50% | 0.34x | 2.70x | ฿-214.00 Million |
| 2005 | 11.60% | 8.59% | 0.57x | 2.35x | ฿124.30 Million |
| 2006 | 5.19% | 3.52% | 0.63x | 2.33x | ฿-374.05 Million |
| 2007 | 8.48% | 5.10% | 0.66x | 2.52x | ฿-126.69 Million |
| 2008 | 10.23% | 6.04% | 0.65x | 2.62x | ฿20.40 Million |
| 2009 | 15.87% | 9.19% | 0.69x | 2.50x | ฿594.48 Million |
| 2010 | 2.01% | 1.01% | 0.60x | 3.30x | ฿-755.01 Million |
| 2011 | 17.71% | 9.76% | 0.57x | 3.19x | ฿877.36 Million |
| 2012 | 20.35% | 10.04% | 0.65x | 3.11x | ฿1.54 Billion |
| 2013 | 11.31% | 6.66% | 0.48x | 3.52x | ฿222.93 Million |
| 2014 | 13.67% | 11.93% | 0.39x | 2.95x | ฿911.64 Million |
| 2015 | 12.89% | 9.37% | 0.54x | 2.55x | ฿786.16 Million |
| 2016 | 12.03% | 9.90% | 0.47x | 2.59x | ฿570.89 Million |
| 2017 | 9.26% | 9.03% | 0.39x | 2.63x | ฿-226.02 Million |
| 2018 | 6.63% | 7.67% | 0.28x | 3.09x | ฿-1.04 Billion |
| 2019 | 7.73% | 9.60% | 0.23x | 3.50x | ฿-701.90 Million |
| 2020 | 4.48% | 4.84% | 0.31x | 3.01x | ฿-2.06 Billion |
| 2021 | 5.14% | 6.82% | 0.25x | 2.97x | ฿-1.91 Billion |
| 2022 | 10.09% | 12.51% | 0.27x | 3.00x | ฿36.59 Million |
| 2023 | 14.79% | 16.14% | 0.25x | 3.59x | ฿1.96 Billion |
| 2024 | 10.90% | 13.90% | 0.25x | 3.10x | ฿435.12 Million |
Industry Comparison
This section compares Siri Prime Office Property Fd'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 |
|---|---|---|---|---|
| Siri Prime Office Property Fd (SIRI) | ฿50.92 Billion | 109.55% | 1.92x | $645.18 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 |