Siam Wellness Group Public Company Limited
Siam Wellness Group Public Company Limited, together with its subsidiaries, engages in the spa services businesses in Thailand. The company operates RarinJinda Wellness Spa, a wellness spa; Let's Relax, a day spa service; Baan Suan Massage center; Stretch me Clinic; RarinJinda Wellness Spa Resort, a spa resort; RarinVillas, a private villa; a restaurant under the Deck One name; ORB cafe and meal,… Read more
Siam Wellness Group Public Company Limited (SPA) - Net Assets
Latest net assets as of September 2025: ฿1.20 Billion THB
Based on the latest financial reports, Siam Wellness Group Public Company Limited (SPA) has net assets worth ฿1.20 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 (฿2.46 Billion) and total liabilities (฿1.25 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 | ฿1.20 Billion |
| % of Total Assets | 48.98% |
| Annual Growth Rate | 24.22% |
| 5-Year Change | 32.39% |
| 10-Year Change | 115.96% |
| Growth Volatility | 50.49 |
Siam Wellness Group Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Siam Wellness Group 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 Siam Wellness Group Public Company Limited (2012–2024)
The table below shows the annual net assets of Siam Wellness Group Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.20 Billion | +32.99% |
| 2023-12-31 | ฿901.14 Million | +58.37% |
| 2022-12-31 | ฿569.00 Million | -8.00% |
| 2021-12-31 | ฿618.49 Million | -31.67% |
| 2020-12-31 | ฿905.21 Million | -20.03% |
| 2019-12-31 | ฿1.13 Billion | +16.65% |
| 2018-12-31 | ฿970.36 Million | +28.56% |
| 2017-12-31 | ฿754.80 Million | +18.15% |
| 2016-12-31 | ฿638.87 Million | +15.13% |
| 2015-12-31 | ฿554.91 Million | +14.90% |
| 2014-12-31 | ฿482.96 Million | +135.36% |
| 2013-12-31 | ฿205.20 Million | +131.18% |
| 2012-12-31 | ฿88.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siam Wellness Group 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 1992.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿487.65 Million | 40.69% |
| Common Stock | ฿320.62 Million | 26.75% |
| Other Comprehensive Income | ฿32.06 Million | 2.68% |
| Other Components | ฿358.06 Million | 29.88% |
| Total Equity | ฿1.20 Billion | 100.00% |
Siam Wellness Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Siam Wellness Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cegedim S.A.
PA:CGM
|
$55.75 Million |
|
GrowGeneration Corp
NASDAQ:GRWG
|
$55.78 Million |
|
Dongwon Systems Corp
KO:014825
|
$55.84 Million |
|
Thong Guan Industries Bhd
KLSE:7034
|
$55.84 Million |
|
Wei Chih Steel Industrial Co Ltd
TW:2028
|
$55.73 Million |
|
RHÖN-KLINIKUM Aktiengesellschaft
PINK:RHKJF
|
$55.70 Million |
|
BurTech Acquisition Corp
NASDAQ:BRKH
|
$55.70 Million |
|
OENEO S.A. INH. EO 1
F:O64
|
$55.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siam Wellness Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 901,131,805 to 1,198,392,366, a change of 297,260,561 (33.0%).
- Net income of 309,136,525 contributed positively to equity growth.
- Dividend payments of 11,875,953 reduced retained earnings.
- Other comprehensive income decreased equity by 114,690,400.
- Other factors increased equity by 114,690,389.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿309.14 Million | +25.8% |
| Dividends Paid | ฿11.88 Million | -0.99% |
| Other Comprehensive Income | ฿-114.69 Million | -9.57% |
| Other Changes | ฿114.69 Million | +9.57% |
| Total Change | ฿- | 32.99% |
Book Value vs Market Value Analysis
This analysis compares Siam Wellness Group 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: 3.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.13x to 3.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.39 | ฿3.56 | x |
| 2013-12-31 | ฿0.27 | ฿3.56 | x |
| 2014-12-31 | ฿0.50 | ฿3.56 | x |
| 2015-12-31 | ฿0.43 | ฿3.56 | x |
| 2016-12-31 | ฿0.50 | ฿3.56 | x |
| 2017-12-31 | ฿0.59 | ฿3.56 | x |
| 2018-12-31 | ฿0.76 | ฿3.56 | x |
| 2019-12-31 | ฿0.88 | ฿3.56 | x |
| 2020-12-31 | ฿0.71 | ฿3.56 | x |
| 2021-12-31 | ฿0.48 | ฿3.56 | x |
| 2022-12-31 | ฿0.44 | ฿3.56 | x |
| 2023-12-31 | ฿0.70 | ฿3.56 | x |
| 2024-12-31 | ฿0.93 | ฿3.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siam Wellness Group 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): 25.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.97%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.78x
- Recent ROE (25.80%) is above the historical average (10.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 19.03% | 7.17% | 0.72x | 3.70x | ฿8.45 Million |
| 2013 | 27.94% | 17.93% | 0.92x | 1.70x | ฿36.81 Million |
| 2014 | 6.88% | 9.82% | 0.56x | 1.24x | ฿-15.05 Million |
| 2015 | 19.19% | 19.97% | 0.81x | 1.18x | ฿51.00 Million |
| 2016 | 22.06% | 19.44% | 0.84x | 1.35x | ฿77.08 Million |
| 2017 | 23.21% | 18.48% | 0.81x | 1.56x | ฿99.69 Million |
| 2018 | 21.19% | 18.13% | 0.83x | 1.41x | ฿108.56 Million |
| 2019 | 21.69% | 17.74% | 0.91x | 1.34x | ฿132.28 Million |
| 2020 | -23.10% | -48.98% | 0.16x | 2.91x | ฿-299.61 Million |
| 2021 | -46.36% | -171.06% | 0.07x | 3.65x | ฿-348.57 Million |
| 2022 | -15.47% | -12.38% | 0.29x | 4.25x | ฿-144.93 Million |
| 2023 | 36.86% | 22.97% | 0.73x | 2.19x | ฿242.02 Million |
| 2024 | 25.80% | 18.97% | 0.76x | 1.78x | ฿189.30 Million |
Industry Comparison
This section compares Siam Wellness Group Public Company Limited's net assets metrics with peer companies in the Personal Services industry.
Industry Context
- Industry: Personal Services
- Average net assets among peers: $-5,575,130
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Siam Wellness Group Public Company Limited (SPA) | ฿1.20 Billion | 19.03% | 1.04x | $55.73 Million |
| The Klinique Med Clinic PCL (KLINIQ) | $-5.58 Million | 0.00% | 0.00x | $53.35 Million |