S&P Syndicate Public Company Limited
S&P Syndicate Public Company Limited, together with its subsidiaries, operates a chain of restaurants and bakery shops in Thailand and internationally. The company operates through Domestic Restaurants and Bakery Shops; Domestic Packaged Food and Bakery Trading Business; Overseas Restaurants; and Others segments. It offers pound and packaged cakes, frozen cakes, pastries, sandwiches and bread, co… Read more
S&P Syndicate Public Company Limited (SNP) - Net Assets
Latest net assets as of December 2025: ฿2.58 Billion THB
Based on the latest financial reports, S&P Syndicate Public Company Limited (SNP) has net assets worth ฿2.58 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.18 Billion) and total liabilities (฿1.60 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 | ฿2.58 Billion |
| % of Total Assets | 61.69% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | -1.37% |
| 10-Year Change | 6.6% |
| Growth Volatility | 9.85 |
S&P Syndicate Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how S&P Syndicate 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&P Syndicate Public Company Limited (2000–2025)
The table below shows the annual net assets of S&P Syndicate Public Company Limited from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.58 Billion | -5.72% |
| 2024-12-31 | ฿2.74 Billion | -0.85% |
| 2023-12-31 | ฿2.76 Billion | +0.40% |
| 2022-12-31 | ฿2.75 Billion | +5.09% |
| 2021-12-31 | ฿2.62 Billion | +9.21% |
| 2020-12-31 | ฿2.40 Billion | -5.54% |
| 2019-12-31 | ฿2.54 Billion | -2.05% |
| 2018-12-31 | ฿2.59 Billion | -1.35% |
| 2017-12-31 | ฿2.62 Billion | +8.43% |
| 2016-12-31 | ฿2.42 Billion | -3.14% |
| 2015-12-31 | ฿2.50 Billion | +7.78% |
| 2014-12-31 | ฿2.32 Billion | +1.20% |
| 2013-12-31 | ฿2.29 Billion | +4.49% |
| 2012-12-31 | ฿2.19 Billion | +14.79% |
| 2011-12-31 | ฿1.91 Billion | +5.32% |
| 2010-12-31 | ฿1.81 Billion | -11.26% |
| 2009-12-31 | ฿2.04 Billion | +3.97% |
| 2008-12-31 | ฿1.97 Billion | +0.27% |
| 2007-12-31 | ฿1.96 Billion | +3.68% |
| 2006-12-31 | ฿1.89 Billion | +20.25% |
| 2005-12-31 | ฿1.57 Billion | +20.56% |
| 2004-12-31 | ฿1.30 Billion | +6.36% |
| 2003-12-31 | ฿1.23 Billion | +7.05% |
| 2002-12-31 | ฿1.15 Billion | +37.26% |
| 2001-12-31 | ฿834.71 Million | +10.88% |
| 2000-12-31 | ฿752.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to S&P Syndicate 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 295.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.20 Billion | 47.11% |
| Other Components | ฿1.35 Billion | 52.89% |
| Total Equity | ฿2.55 Billion | 100.00% |
S&P Syndicate Public Company Limited Competitors by Market Cap
The table below lists competitors of S&P Syndicate Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Sunindo Pratama Tbk
JK:SUNI
|
$24.96 Million |
|
Inscobee
KO:006490
|
$24.96 Million |
|
Regional Brands Inc
PINK:RGBD
|
$24.96 Million |
|
Gigas Hosting S.A
MC:GIGA
|
$24.96 Million |
|
Chang Type Industrial Co Ltd
TW:1541
|
$24.94 Million |
|
JT Corporation
KQ:089790
|
$24.94 Million |
|
Krystal Integrated Services Ltd
NSE:KRYSTAL
|
$24.93 Million |
|
Fortune Oriental Co Ltd
TW:2491
|
$24.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S&P Syndicate Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,701,542,276 to 2,545,814,720, a change of -155,727,556 (-5.8%).
- Net income of 270,536,282 contributed positively to equity growth.
- Dividend payments of 384,327,006 reduced retained earnings.
- Share repurchases of 38,959,636 reduced equity.
- Other comprehensive income decreased equity by 52,343,137.
- Other factors increased equity by 49,365,941.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿270.54 Million | +10.63% |
| Dividends Paid | ฿384.33 Million | -15.1% |
| Share Repurchases | ฿38.96 Million | -1.53% |
| Other Comprehensive Income | ฿-52.34 Million | -2.06% |
| Other Changes | ฿49.37 Million | +1.94% |
| Total Change | ฿- | -5.76% |
Book Value vs Market Value Analysis
This analysis compares S&P Syndicate 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: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.19x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿2.85 | ฿9.10 | x |
| 2004-12-31 | ฿3.12 | ฿9.10 | x |
| 2005-12-31 | ฿3.77 | ฿9.10 | x |
| 2006-12-31 | ฿4.04 | ฿9.10 | x |
| 2007-12-31 | ฿3.61 | ฿9.10 | x |
| 2008-12-31 | ฿3.60 | ฿9.10 | x |
| 2009-12-31 | ฿3.74 | ฿9.10 | x |
| 2010-12-31 | ฿3.45 | ฿9.10 | x |
| 2011-12-31 | ฿3.75 | ฿9.10 | x |
| 2012-12-31 | ฿4.34 | ฿9.10 | x |
| 2013-12-31 | ฿4.49 | ฿9.10 | x |
| 2014-12-31 | ฿4.56 | ฿9.10 | x |
| 2015-12-31 | ฿4.91 | ฿9.10 | x |
| 2016-12-31 | ฿4.75 | ฿9.10 | x |
| 2017-12-31 | ฿5.13 | ฿9.10 | x |
| 2018-12-31 | ฿5.14 | ฿9.10 | x |
| 2019-12-31 | ฿5.08 | ฿9.10 | x |
| 2020-12-31 | ฿4.81 | ฿9.10 | x |
| 2021-12-31 | ฿5.23 | ฿9.10 | x |
| 2022-12-31 | ฿5.26 | ฿9.10 | x |
| 2023-12-31 | ฿5.29 | ฿9.10 | x |
| 2024-12-31 | ฿5.25 | ฿9.10 | x |
| 2025-12-31 | ฿4.95 | ฿9.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S&P Syndicate 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): 10.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.79%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 1.64x
- Recent ROE (10.63%) is below the historical average (17.65%), 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 | 21.48% | 8.03% | 1.67x | 1.61x | ฿82.11 Million |
| 2001 | 21.63% | 8.03% | 1.63x | 1.66x | ฿92.43 Million |
| 2002 | 18.47% | 8.73% | 1.55x | 1.36x | ฿93.11 Million |
| 2003 | 14.99% | 6.80% | 1.62x | 1.36x | ฿58.67 Million |
| 2004 | 14.68% | 6.02% | 1.74x | 1.40x | ฿58.40 Million |
| 2005 | 13.46% | 5.96% | 1.64x | 1.38x | ฿52.31 Million |
| 2006 | 12.59% | 5.97% | 1.58x | 1.33x | ฿46.65 Million |
| 2007 | 9.70% | 4.46% | 1.62x | 1.34x | ฿-5.54 Million |
| 2008 | 12.28% | 5.28% | 1.74x | 1.34x | ฿42.93 Million |
| 2009 | 14.99% | 6.23% | 1.71x | 1.41x | ฿97.50 Million |
| 2010 | 21.98% | 7.23% | 1.92x | 1.58x | ฿208.11 Million |
| 2011 | 24.65% | 7.72% | 1.93x | 1.65x | ฿269.70 Million |
| 2012 | 33.28% | 10.84% | 1.89x | 1.62x | ฿495.12 Million |
| 2013 | 28.42% | 8.94% | 1.98x | 1.61x | ฿405.75 Million |
| 2014 | 22.27% | 6.86% | 2.00x | 1.62x | ฿274.27 Million |
| 2015 | 25.23% | 8.05% | 1.98x | 1.58x | ฿367.10 Million |
| 2016 | 18.77% | 5.63% | 2.09x | 1.59x | ฿204.37 Million |
| 2017 | 19.22% | 6.21% | 1.96x | 1.58x | ฿232.11 Million |
| 2018 | 15.87% | 5.26% | 1.88x | 1.60x | ฿148.08 Million |
| 2019 | 12.63% | 4.30% | 1.88x | 1.56x | ฿65.42 Million |
| 2020 | 7.76% | 3.52% | 0.96x | 2.28x | ฿-52.92 Million |
| 2021 | 13.19% | 7.06% | 0.95x | 1.97x | ฿82.25 Million |
| 2022 | 17.02% | 8.06% | 1.07x | 1.97x | ฿189.92 Million |
| 2023 | 17.82% | 7.80% | 1.23x | 1.85x | ฿212.96 Million |
| 2024 | 15.80% | 6.95% | 1.29x | 1.76x | ฿156.72 Million |
| 2025 | 10.63% | 4.79% | 1.35x | 1.64x | ฿15.95 Million |
Industry Comparison
This section compares S&P Syndicate Public Company Limited's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,776,123,644
- Average return on equity (ROE) among peers: 1.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S&P Syndicate Public Company Limited (SNP) | ฿2.58 Billion | 21.48% | 0.62x | $24.95 Million |
| After You Public Company Limited (AU) | $982.44 Million | 18.14% | 0.43x | $32.04 Million |
| MK Restaurant Group Public Company Limited (M) | $13.80 Billion | 10.45% | 0.40x | $125.89 Million |
| MAGURO GROUP PUBLIC COMPANY LIMITED (MAGURO) | $279.71 Million | 11.35% | 1.26x | $24.09 Million |
| Mud & Hound Public Company Limited (MUD) | $2.14 Billion | -2.01% | 0.89x | $4.06 Million |
| Quantum D C Public Company Limited (QDC) | $460.18 Million | -23.66% | 2.26x | $26.64K |
| Super Turtle PCL (TURTLE) | $309.65 Million | -8.58% | 0.23x | $21.81 Million |
| ZEN Corporation Group Public Company Limited (ZEN) | $1.46 Billion | 3.90% | 1.23x | $24.02 Million |