Talaad Thai Leasehold Property Fund (TTLPF) - Net Assets

Latest as of June 2024: ฿1.97 Billion THB ≈ $61.54 Million USD

Based on the latest financial reports, Talaad Thai Leasehold Property Fund (TTLPF) has net assets worth ฿1.97 Billion THB (≈ $61.54 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 (฿2.02 Billion ≈ $62.86 Million USD) and total liabilities (฿42.32 Million ≈ $1.32 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 tangible equity quality of Talaad Thai Leasehold Property Fund to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.97 Billion
% of Total Assets	97.9%
Annual Growth Rate	-0.29%
5-Year Change	-5.28%
10-Year Change	-2.41%
Growth Volatility	99.61

Talaad Thai Leasehold Property Fund - Net Assets Trend (2013–2023)

This chart illustrates how Talaad Thai Leasehold Property Fund's net assets have evolved over time, based on quarterly financial data. See TTLPF cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Talaad Thai Leasehold Property Fund (2013–2023)

The table below shows the annual net assets of Talaad Thai Leasehold Property Fund from 2013 to 2023. For live valuation and market cap data, see TTLPF stock market capitalisation.

Year	Net Assets	Change
2023-12-31	฿2.05 Billion ≈ $63.89 Million	-2.30%
2022-12-31	฿2.10 Billion ≈ $65.40 Million	-0.11%
2021-12-31	฿2.10 Billion ≈ $65.47 Million	-0.52%
2020-12-31	฿2.11 Billion ≈ $65.81 Million	-2.43%
2019-12-31	฿2.16 Billion ≈ $67.45 Million	+313.99%
2018-12-31	฿522.70 Million ≈ $16.29 Million	+20.79%
2017-12-31	฿432.74 Million ≈ $13.49 Million	-7.51%
2016-12-31	฿467.86 Million ≈ $14.58 Million	-76.72%
2015-12-31	฿2.01 Billion ≈ $62.64 Million	-4.33%
2014-12-31	฿2.10 Billion ≈ $65.47 Million	-0.49%
2013-12-31	฿2.11 Billion ≈ $65.80 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Talaad Thai Leasehold 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 73.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component	Amount	Percentage
Retained Earnings	฿267.79 Million	13.06%
Common Stock	฿1.78 Billion	86.94%
Total Equity	฿2.05 Billion	100.00%

Talaad Thai Leasehold Property Fund Competitors by Market Cap

The table below lists competitors of Talaad Thai Leasehold Property Fund ranked by their market capitalization.

Company	Market Cap
Lokesh Machines Limited NSE:LOKESHMACH	$59.47 Million
OT Logistics S.A WAR:OTS	$59.48 Million
First Seacoast Bancorp NASDAQ:FSEA	$59.49 Million
Yenher Holdings Bhd KLSE:5300	$59.50 Million
Makmur Berkah Amanda Pt JK:AMAN	$59.47 Million
Quartiers Properties AB (publ) ST:QUART-PREF	$59.46 Million
Ckd Bio KO:063160	$59.45 Million
Inta Bina Group Bhd KLSE:0192	$59.42 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Talaad Thai Leasehold Property Fund's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 2,098,100,591 to 2,049,787,373, a change of -48,313,218 (-2.3%).
Net income of 262,420,780 contributed positively to equity growth.
Dividend payments of 310,734,000 reduced retained earnings.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	฿262.42 Million	+12.8%
Dividends Paid	฿310.73 Million	-15.16%
Other Changes	฿2.00	+0.0%
Total Change	฿-	-2.30%

Book Value vs Market Value Analysis

This analysis compares Talaad Thai Leasehold 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: 0.93x
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
2012-12-31	฿10.76	฿10.60	x
2013-12-31	฿10.88	฿10.60	x
2014-12-31	฿10.85	฿10.60	x
2015-12-31	฿11.16	฿10.60	x
2016-12-31	฿1124928169.00	฿10.60	x
2017-12-31	฿1107371482.50	฿10.60	x
2018-12-31	฿1152352112.50	฿10.60	x
2019-12-31	฿12.02	฿10.60	x
2020-12-31	฿11.73	฿10.60	x
2021-12-31	฿11.67	฿10.60	x
2022-12-31	฿11.66	฿10.60	x
2023-12-31	฿11.39	฿10.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Talaad Thai Leasehold 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): 12.80%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 46.76%
• Asset Turnover: 0.27x
• Equity Multiplier: 1.02x
Recent ROE (12.80%) is below the historical average (14.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	14.53%	54.73%	0.00x	0.00x	฿87.77 Million
2013	14.21%	52.00%	0.25x	1.09x	฿82.50 Million
2014	12.76%	45.12%	0.26x	1.09x	฿53.87 Million
2015	16.90%	57.38%	0.27x	1.09x	฿138.63 Million
2016	17.13%	61.88%	0.28x	1.00x	฿160.32 Million
2017	14.64%	55.18%	0.27x	1.00x	฿102.72 Million
2018	12.87%	51.46%	0.25x	1.00x	฿66.15 Million
2019	15.36%	56.71%	0.25x	1.08x	฿116.07 Million
2020	11.68%	41.93%	0.26x	1.08x	฿35.48 Million
2021	13.37%	52.24%	0.24x	1.08x	฿70.83 Million
2022	13.79%	49.54%	0.26x	1.06x	฿79.58 Million
2023	12.80%	46.76%	0.27x	1.02x	฿57.44 Million

Industry Comparison

This section compares Talaad Thai Leasehold 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
Talaad Thai Leasehold Property Fund (TTLPF)	฿1.97 Billion	14.53%	0.02x	$59.47 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)	$1.90 Billion	5.92%	0.00x	$45.68 Million
Food and Drinks Public Company Limited (F&D)	$1.25 Billion	4.08%	0.30x	$24.17 Million
Future Park Leasehold Property Fund (FUTUREPF)	$6.09 Billion	12.09%	0.17x	$206.33 Million
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND (HPF)	$4.31 Billion	3.21%	0.02x	$71.78 Million
Lighting and Equipment Public Company Limited (L&E)	$1.03 Billion	14.26%	1.74x	$19.17 Million
Land and Houses Freehold and Leasehold Property Fund (LHPF)	$3.49 Billion	6.13%	0.02x	$49.99 Million
Luxury Real Estate Investment Fund (LUXF)	$2.39 Billion	19.87%	0.02x	$52.06 Million
Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR)	$3.58 Billion	2.63%	0.00x	$66.50 Million
Sala @ Sathorn Property Fund (SSPF)	$1.92 Billion	4.87%	0.02x	$20.72 Million

About Talaad Thai Leasehold Property Fund

BK:TTLPF Thailand

Market Cap

$59.47 Million

฿1.91 Billion THB

Market Cap Rank

#21287 Global

#350 in Thailand

Share Price

฿10.60

Change (1 day)

+0.95%

52-Week Range

฿10.40 - ฿11.20

All Time High

฿28.00