Saha Pathana Inter-Holding PCL (SPI) - Net Assets

Latest as of September 2025: ฿51.28 Billion THB ≈ $1.60 Billion USD

Based on the latest financial reports, Saha Pathana Inter-Holding PCL (SPI) has net assets worth ฿51.28 Billion THB (≈ $1.60 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿72.02 Billion ≈ $2.24 Billion USD) and total liabilities (฿20.74 Billion ≈ $646.34 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 SPI asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿51.28 Billion
% of Total Assets 71.21%
Annual Growth Rate 10.13%
5-Year Change 27.31%
10-Year Change 146.29%
Growth Volatility 6.18

Saha Pathana Inter-Holding PCL - Net Assets Trend (2000–2024)

This chart illustrates how Saha Pathana Inter-Holding PCL's net assets have evolved over time, based on quarterly financial data. Also explore Saha Pathana Inter-Holding PCL asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Saha Pathana Inter-Holding PCL (2000–2024)

The table below shows the annual net assets of Saha Pathana Inter-Holding PCL from 2000 to 2024. For live valuation and market cap data, see SPI company net worth.

Year Net Assets Change
2024-12-31 ฿49.77 Billion
≈ $1.55 Billion		 +7.10%
2023-12-31 ฿46.47 Billion
≈ $1.45 Billion		 +4.54%
2022-12-31 ฿44.45 Billion
≈ $1.39 Billion		 +5.41%
2021-12-31 ฿42.17 Billion
≈ $1.31 Billion		 +7.87%
2020-12-31 ฿39.09 Billion
≈ $1.22 Billion		 +28.03%
2019-12-31 ฿30.53 Billion
≈ $951.70 Million		 +5.27%
2018-12-31 ฿29.01 Billion
≈ $904.08 Million		 +17.29%
2017-12-31 ฿24.73 Billion
≈ $770.78 Million		 +11.24%
2016-12-31 ฿22.23 Billion
≈ $692.89 Million		 +10.01%
2015-12-31 ฿20.21 Billion
≈ $629.82 Million		 +4.02%
2014-12-31 ฿19.42 Billion
≈ $605.46 Million		 +12.36%
2013-12-31 ฿17.29 Billion
≈ $538.84 Million		 -0.80%
2012-12-31 ฿17.43 Billion
≈ $543.20 Million		 +16.76%
2011-12-31 ฿14.93 Billion
≈ $465.22 Million		 +7.90%
2010-12-31 ฿13.83 Billion
≈ $431.15 Million		 +10.09%
2009-12-31 ฿12.57 Billion
≈ $391.65 Million		 +11.15%
2008-12-31 ฿11.30 Billion
≈ $352.35 Million		 +6.04%
2007-12-31 ฿10.66 Billion
≈ $332.29 Million		 +4.94%
2006-12-31 ฿10.16 Billion
≈ $316.63 Million		 +6.80%
2005-12-31 ฿9.51 Billion
≈ $296.48 Million		 +10.47%
2004-12-31 ฿8.61 Billion
≈ $268.39 Million		 +11.44%
2003-12-31 ฿7.73 Billion
≈ $240.84 Million		 +22.42%
2002-12-31 ฿6.31 Billion
≈ $196.72 Million		 +11.09%
2001-12-31 ฿5.68 Billion
≈ $177.09 Million		 +15.73%
2000-12-31 ฿4.91 Billion
≈ $153.02 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Saha Pathana Inter-Holding PCL'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 947.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿38.14 Billion 78.08%
Common Stock ฿571.93 Million 1.17%
Other Comprehensive Income ฿360.00 Million 0.74%
Other Components ฿9.78 Billion 20.02%
Total Equity ฿48.85 Billion 100.00%

Saha Pathana Inter-Holding PCL Competitors by Market Cap

The table below lists competitors of Saha Pathana Inter-Holding PCL ranked by their market capitalization.

Company Market Cap
Suzhou Sushi Testing Instrument Co Ltd
SHE:300416
 $1.26 Billion
Edan Instruments Inc
SHE:300206
 $1.26 Billion
Origin Bancorp, Inc.
NYSE:OBK
 $1.27 Billion
Guangdong South New Media Co Ltd
SHE:300770
 $1.27 Billion
Zensar Technologies Limited
NSE:ZENSARTECH
 $1.26 Billion
CVR Partners LP
NYSE:UAN
 $1.26 Billion
HUANLEJIA Food Group Co. Ltd.
SHE:300997
 $1.26 Billion
Wizz Air Holdings Plc
F:WI2
 $1.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Saha Pathana Inter-Holding PCL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 46,467,936,612 to 48,846,888,879, a change of 2,378,952,267 (5.1%).
  • Net income of 3,321,089,381 contributed positively to equity growth.
  • Dividend payments of 457,521,013 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿3.32 Billion +6.8%
Dividends Paid ฿457.52 Million -0.94%
Other Changes ฿-484.62 Million -0.99%
Total Change ฿- 5.12%

Book Value vs Market Value Analysis

This analysis compares Saha Pathana Inter-Holding PCL'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: 0.55x
  • 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 2.70x to 0.55x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 ฿17.48 ฿47.25 x
2005-12-31 ฿19.23 ฿47.25 x
2006-12-31 ฿22.55 ฿47.25 x
2007-12-31 ฿21.61 ฿47.25 x
2008-12-31 ฿22.03 ฿47.25 x
2009-12-31 ฿25.42 ฿47.25 x
2010-12-31 ฿28.00 ฿47.25 x
2011-12-31 ฿30.23 ฿47.25 x
2012-12-31 ฿35.32 ฿47.25 x
2013-12-31 ฿34.98 ฿47.25 x
2014-12-31 ฿39.35 ฿47.25 x
2015-12-31 ฿40.96 ฿47.25 x
2016-12-31 ฿45.00 ฿47.25 x
2017-12-31 ฿46.28 ฿47.25 x
2018-12-31 ฿54.41 ฿47.25 x
2019-12-31 ฿53.39 ฿47.25 x
2020-12-31 ฿68.35 ฿47.25 x
2021-12-31 ฿73.73 ฿47.25 x
2022-12-31 ฿77.72 ฿47.25 x
2023-12-31 ฿81.25 ฿47.25 x
2024-12-31 ฿85.41 ฿47.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Saha Pathana Inter-Holding PCL 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): 6.80%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 88.32%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 1.43x
  • Recent ROE (6.80%) is below the historical average (7.80%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 7.63% 29.65% 0.18x 1.47x ฿-116.24 Million
2001 9.16% 38.08% 0.18x 1.35x ฿-47.90 Million
2002 10.97% 44.33% 0.19x 1.32x ฿60.97 Million
2003 7.50% 35.01% 0.17x 1.24x ฿-193.40 Million
2004 8.98% 37.97% 0.19x 1.23x ฿-87.50 Million
2005 8.84% 37.10% 0.20x 1.18x ฿-110.18 Million
2006 7.09% 26.75% 0.23x 1.17x ฿-295.12 Million
2007 5.55% 24.08% 0.20x 1.16x ฿-474.04 Million
2008 8.27% 32.19% 0.22x 1.15x ฿-196.10 Million
2009 7.99% 33.28% 0.22x 1.10x ฿-253.19 Million
2010 7.39% 33.37% 0.20x 1.08x ฿-361.53 Million
2011 6.85% 47.92% 0.13x 1.12x ฿-470.52 Million
2012 7.49% 50.16% 0.13x 1.11x ฿-436.80 Million
2013 7.52% 46.91% 0.14x 1.14x ฿-428.80 Million
2014 6.06% 41.24% 0.13x 1.13x ฿-764.65 Million
2015 6.23% 48.55% 0.11x 1.13x ฿-762.41 Million
2016 6.96% 57.39% 0.11x 1.12x ฿-676.32 Million
2017 12.81% 114.64% 0.08x 1.42x ฿694.90 Million
2018 8.95% 100.72% 0.07x 1.34x ฿-303.82 Million
2019 7.44% 90.03% 0.06x 1.36x ฿-782.63 Million
2020 5.90% 85.29% 0.05x 1.40x ฿-1.60 Billion
2021 8.50% 129.34% 0.05x 1.31x ฿-631.46 Million
2022 7.56% 77.55% 0.07x 1.39x ฿-1.08 Billion
2023 6.66% 70.68% 0.07x 1.40x ฿-1.55 Billion
2024 6.80% 88.32% 0.05x 1.43x ฿-1.56 Billion

Industry Comparison

This section compares Saha Pathana Inter-Holding PCL's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

  • Industry: Real Estate Services
  • Average net assets among peers: $13,244,058,516
  • Average return on equity (ROE) among peers: 5.13%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Saha Pathana Inter-Holding PCL (SPI) ฿51.28 Billion 7.63% 0.40x $1.26 Billion
Amata VN PCL (AMATAV) $3.18 Billion 1.57% 0.69x $64.45 Million
Bangkok Land Public Company Limited (BLAND) $47.83 Billion 4.38% 0.15x $232.57 Million
Grand Canal Land Public Company Limited (GLAND) $16.74 Billion 2.50% 0.80x $149.92 Million
JAS Asset PCL (J) $725.50 Million 0.78% 2.12x $27.32 Million
Krungdhep Sophon Public Company Limited (KWC) $798.43 Million 12.22% 0.13x $49.56 Million
Nirvana Daii Public Company Limited (NVD) $5.64 Billion 2.77% 1.67x $42.14 Million
The Platinum Group Public Company Limited (PLAT) $8.73 Billion 8.84% 0.20x $92.51 Million
Sammakorn Public Company Limited (SAMCO) $2.46 Billion 3.33% 0.85x $13.20 Million
WHA Corporation Public Company Limited (WHA) $33.10 Billion 9.76% 1.49x $2.09 Billion

About Saha Pathana Inter-Holding PCL

BK:SPI Thailand Real Estate Services
Market Cap
$1.26 Billion
฿40.54 Billion THB
Market Cap Rank
#8094 Global
#58 in Thailand
Share Price
฿47.25
Change (1 day)
+0.53%
52-Week Range
฿39.50 - ฿65.00
All Time High
฿76.61
Categories
Companies in Thailand Real Estate Services
About

Saha Pathana Inter-Holding Public Company Limited engages in the investment and development of industrial parks in Thailand. The company operates through three segments: Investment in Consumer Goods Business; Investment in Food and Beverage Business; and Industrial Park Development and Investment in Other Businesses. It engages in the development of land for industrial use; rental of land and bui… Read more