Sala @ Sathorn Property Fund (SSPF) - Net Assets
Based on the latest financial reports, Sala @ Sathorn Property Fund (SSPF) has net assets worth ฿1.87 Billion THB (≈ $58.34 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.89 Billion ≈ $58.96 Million USD) and total liabilities (฿19.90 Million ≈ $620.17K 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 Sala @ Sathorn Property Fund (SSPF) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.87 Billion |
| % of Total Assets | 98.95% |
| Annual Growth Rate | 2.09% |
| 5-Year Change | -2.63% |
| 10-Year Change | -3.8% |
| Growth Volatility | 172.99 |
Sala @ Sathorn Property Fund - Net Assets Trend (2013–2024)
This chart illustrates how Sala @ Sathorn Property Fund's net assets have evolved over time, based on quarterly financial data. Also explore Sala @ Sathorn Property Fund total assets for the complete picture of this company's asset base.
Annual Net Assets for Sala @ Sathorn Property Fund (2013–2024)
The table below shows the annual net assets of Sala @ Sathorn Property Fund from 2013 to 2024. For live valuation and market cap data, see SSPF market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | ฿1.87 Billion ≈ $58.34 Million |
+0.48% |
| 2023-06-30 | ฿1.86 Billion ≈ $58.06 Million |
-0.07% |
| 2022-06-30 | ฿1.86 Billion ≈ $58.10 Million |
-1.64% |
| 2021-06-30 | ฿1.90 Billion ≈ $59.07 Million |
-1.41% |
| 2020-06-30 | ฿1.92 Billion ≈ $59.91 Million |
+591.04% |
| 2019-06-30 | ฿278.17 Million ≈ $8.67 Million |
+6.63% |
| 2018-06-30 | ฿260.88 Million ≈ $8.13 Million |
+9.95% |
| 2017-06-30 | ฿237.27 Million ≈ $7.40 Million |
+36.68% |
| 2016-06-30 | ฿173.60 Million ≈ $5.41 Million |
-91.08% |
| 2015-06-30 | ฿1.95 Billion ≈ $60.64 Million |
+24.87% |
| 2014-06-30 | ฿1.56 Billion ≈ $48.56 Million |
+4.49% |
| 2013-06-30 | ฿1.49 Billion ≈ $46.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sala @ Sathorn Property Fund'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 40418747600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿201.69 Million | 10.78% |
| Common Stock | ฿1.67 Billion | 89.22% |
| Total Equity | ฿1.87 Billion | 100.00% |
Sala @ Sathorn Property Fund Competitors by Market Cap
The table below lists competitors of Sala @ Sathorn Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greater Than AB
ST:GREAT
|
$20.72 Million |
|
Bioleaders Corporation
KQ:142760
|
$20.72 Million |
|
Biofish Holding AS
OL:BFISH
|
$20.74 Million |
|
Fredonia Mining Inc
V:FRED
|
$20.75 Million |
|
Haily Group Bhd
KLSE:0237
|
$20.71 Million |
|
Cyngn Inc
NASDAQ:CYN
|
$20.68 Million |
|
Tower Resources Ltd
V:TWR
|
$20.68 Million |
|
DGR Global Ltd
AU:DGR
|
$20.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sala @ Sathorn Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,862,838,760 to 1,871,694,534, a change of 8,855,774 (0.5%).
- Net income of 30,378,074 contributed positively to equity growth.
- Dividend payments of 19,522,300 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿30.38 Million | +1.62% |
| Dividends Paid | ฿19.52 Million | -1.04% |
| Other Changes | ฿-2.00 Million | -0.11% |
| Total Change | ฿- | 0.48% |
Book Value vs Market Value Analysis
This analysis compares Sala @ Sathorn Property Fund'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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | ฿8.79 | ฿3.98 | x |
| 2014-06-30 | ฿9.18 | ฿3.98 | x |
| 2015-06-30 | ฿10.44 | ฿3.98 | x |
| 2016-06-30 | ฿11.04 | ฿3.98 | x |
| 2017-06-30 | ฿11.42 | ฿3.98 | x |
| 2018-06-30 | ฿11.56 | ฿3.98 | x |
| 2019-06-30 | ฿11.67 | ฿3.98 | x |
| 2020-06-30 | ฿11.51 | ฿3.98 | x |
| 2021-06-30 | ฿11.35 | ฿3.98 | x |
| 2022-06-30 | ฿11.16 | ฿3.98 | x |
| 2023-06-30 | ฿11.15 | ฿3.98 | x |
| 2024-06-30 | ฿11.21 | ฿3.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sala @ Sathorn Property Fund 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): 1.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.91%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.01x
- Recent ROE (1.62%) is below the historical average (4.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.56% | 106.92% | 0.03x | 1.02x | ฿-94.51 Million |
| 2014 | 5.46% | 140.33% | 0.04x | 1.02x | ฿-69.64 Million |
| 2015 | 13.38% | 272.57% | 0.04x | 1.12x | ฿58.83 Million |
| 2016 | 5.72% | 93.83% | 0.06x | 1.00x | ฿-78.85 Million |
| 2017 | 6.58% | 93.64% | 0.07x | 1.00x | ฿-65.25 Million |
| 2018 | 4.85% | 67.23% | 0.07x | 1.00x | ฿-99.35 Million |
| 2019 | 4.87% | 66.61% | 0.07x | 1.00x | ฿-99.91 Million |
| 2020 | 4.87% | 70.74% | 0.07x | 1.02x | ฿-98.64 Million |
| 2021 | 2.73% | 45.44% | 0.06x | 1.02x | ฿-137.84 Million |
| 2022 | 1.78% | 55.32% | 0.03x | 1.01x | ฿-153.15 Million |
| 2023 | 1.31% | 41.74% | 0.03x | 1.01x | ฿-161.81 Million |
| 2024 | 1.62% | 43.91% | 0.04x | 1.01x | ฿-156.79 Million |
Industry Comparison
This section compares Sala @ Sathorn Property Fund's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sala @ Sathorn Property Fund (SSPF) | ฿1.87 Billion | 3.56% | 0.01x | $20.72 Million |
| CPN Commercial Growth Leasehold Property Fund (CPNCG) | $4.91 Billion | 7.45% | 0.11x | $81.12 Million |
| Centara Hotels & Resorts Leasehold Property Fund (CTARAF) | $2.85 Billion | -5.99% | 0.00x | $45.68 Million |
| Food and Drinks Public Company Limited (F&D) | $585.01 Million | -7.26% | 0.60x | $29.11 Million |
| Future Park Leasehold Property Fund (FUTUREPF) | $6.68 Billion | 12.25% | 0.13x | $206.33 Million |
| HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF) | $4.78 Billion | 0.12% | 0.00x | $71.78 Million |
| Lighting and Equipment Public Company Limited (L&E) | $1.16 Billion | 3.76% | 1.88x | $19.02 Million |
| Land and Houses Freehold and Leasehold Property Fund (LHPF) | $3.54 Billion | 4.62% | 0.02x | $49.99 Million |
| Luxury Real Estate Investment Fund (LUXF) | $396.05 Million | 39.40% | 4.96x | $52.06 Million |
| Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) | $4.13 Billion | 19.60% | 0.00x | $66.50 Million |
About Sala @ Sathorn Property Fund
Sala Sathorn Property Fund specializes in real estate investments. The fund seeks to invest in office property.