Veranda Resort Public Company Limited
Veranda Resort Public Company Limited, together with its subsidiaries, engages in the operation of hotels and resorts in Thailand. The company is involved in the development of properties; rental of commercial buildings; and food and beverage business comprising operation of cafes. It also provides human resource outsourcing and management services. Veranda Resort Public Company Limited was found… Read more
Veranda Resort Public Company Limited (VRANDA) - Net Assets
Latest net assets as of September 2025: ฿1.86 Billion THB
Based on the latest financial reports, Veranda Resort Public Company Limited (VRANDA) has net assets worth ฿1.86 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 (฿5.77 Billion) and total liabilities (฿3.91 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 | ฿1.86 Billion |
| % of Total Assets | 32.18% |
| Annual Growth Rate | 16.96% |
| 5-Year Change | -11.12% |
| 10-Year Change | 285.32% |
| Growth Volatility | 42.47 |
Veranda Resort Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Veranda Resort 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 Veranda Resort Public Company Limited (2014–2024)
The table below shows the annual net assets of Veranda Resort Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.84 Billion | +2.86% |
| 2023-12-31 | ฿1.79 Billion | -7.42% |
| 2022-12-31 | ฿1.93 Billion | +0.06% |
| 2021-12-31 | ฿1.93 Billion | -6.73% |
| 2020-12-31 | ฿2.07 Billion | -0.93% |
| 2019-12-31 | ฿2.09 Billion | +55.81% |
| 2018-12-31 | ฿1.34 Billion | +15.95% |
| 2017-12-31 | ฿1.16 Billion | +1.91% |
| 2016-12-31 | ฿1.13 Billion | +137.71% |
| 2015-12-31 | ฿477.29 Million | +24.37% |
| 2014-12-31 | ฿383.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veranda Resort 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 58.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿18.63 Million | 1.01% |
| Other Components | ฿1.82 Billion | 98.99% |
| Total Equity | ฿1.84 Billion | 100.00% |
Veranda Resort Public Company Limited Competitors by Market Cap
The table below lists competitors of Veranda Resort Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mason Capital Corporation
KQ:021880
|
$10.20 Million |
|
AIM Commercial Growth Freehold And Leasehold Real Estate Investment Trust
BK:AIMCG
|
$10.20 Million |
|
EnBio Co. Ltd.
KQ:352940
|
$10.20 Million |
|
Andromeda Metals Limited
PINK:ANDMF
|
$10.20 Million |
|
Bioray Biotech Co., Ltd
TWO:7561
|
$10.19 Million |
|
PNC Technologies co. Ltd
KQ:237750
|
$10.19 Million |
|
CRTUF
PINK:CRTUF
|
$10.19 Million |
|
Advance Metals Ltd
AU:AVM
|
$10.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veranda Resort Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,787,904,664 to 1,839,092,322, a change of 51,187,658 (2.9%).
- Net income of 51,187,658 contributed positively to equity growth.
- Other comprehensive income decreased equity by 23,610,000.
- Other factors increased equity by 23,610,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿51.19 Million | +2.78% |
| Other Comprehensive Income | ฿-23.61 Million | -1.28% |
| Other Changes | ฿23.61 Million | +1.28% |
| Total Change | ฿- | 2.86% |
Book Value vs Market Value Analysis
This analysis compares Veranda Resort 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: 0.74x
- 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 9.69x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.44 | ฿4.28 | x |
| 2015-12-31 | ฿1.49 | ฿4.28 | x |
| 2016-12-31 | ฿3.55 | ฿4.28 | x |
| 2017-12-31 | ฿3.62 | ฿4.28 | x |
| 2018-12-31 | ฿5.48 | ฿4.28 | x |
| 2019-12-31 | ฿7.07 | ฿4.28 | x |
| 2020-12-31 | ฿6.47 | ฿4.28 | x |
| 2021-12-31 | ฿6.04 | ฿4.28 | x |
| 2022-12-31 | ฿6.04 | ฿4.28 | x |
| 2023-12-31 | ฿5.59 | ฿4.28 | x |
| 2024-12-31 | ฿5.75 | ฿4.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veranda Resort 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): 2.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 3.05x
- Recent ROE (2.78%) is below the historical average (3.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.64% | 5.35% | 0.10x | 20.37x | ฿908.74K |
| 2015 | 8.46% | 13.42% | 0.18x | 3.53x | ฿-7.36 Million |
| 2016 | 0.40% | 0.39% | 0.23x | 4.56x | ฿-108.88 Million |
| 2017 | 1.92% | 1.30% | 0.31x | 4.71x | ฿-93.39 Million |
| 2018 | 17.59% | 9.80% | 0.50x | 3.57x | ฿101.71 Million |
| 2019 | 3.98% | 4.90% | 0.31x | 2.61x | ฿-125.68 Million |
| 2020 | 0.90% | 0.95% | 0.37x | 2.59x | ฿-188.25 Million |
| 2021 | -5.56% | -8.44% | 0.26x | 2.48x | ฿-300.25 Million |
| 2022 | 0.06% | 0.08% | 0.28x | 2.45x | ฿-192.00 Million |
| 2023 | -7.87% | -10.27% | 0.29x | 2.69x | ฿-319.56 Million |
| 2024 | 2.78% | 3.41% | 0.27x | 3.05x | ฿-132.72 Million |
Industry Comparison
This section compares Veranda Resort Public Company Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $5,782,610,297
- Average return on equity (ROE) among peers: 8.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veranda Resort Public Company Limited (VRANDA) | ฿1.86 Billion | 10.64% | 2.11x | $10.19 Million |
| Areeya Property Public Company Limited (A) | $3.11 Billion | -11.12% | 3.14x | $24.02 Million |
| Asset Five Group PCL (A5) | $1.40 Billion | 36.13% | 1.44x | $20.21 Million |
| AKS Corporation Public Company Limited (AKS) | $2.92 Billion | 4.40% | 1.17x | $2.35 Million |
| Alpha Divisions PCL (ALPHAX) | $187.30 Million | 8.66% | 0.63x | $54.26 Million |
| Amata Corporation Public Company Limited (AMATA-R) | $14.97 Billion | 9.41% | 0.96x | $384.26 Million |
| Ananda Development Public Company Limited (ANAN) | $4.92 Billion | -5.84% | 0.90x | $18.46 Million |
| AP (Thailand) Public Company Limited (AP-R) | $24.38 Billion | 15.86% | 1.02x | $605.57 Million |
| Arinsiri Land Public Company Limited (ARIN) | $9.74 Million | -2.64% | 28.78x | $5.22 Million |
| Bless Asset Group PCL (BLESS) | $582.78 Million | 10.14% | 1.76x | $1.59 Million |
| Britania PCL (BRI) | $5.35 Billion | 22.34% | 2.72x | $8.35 Million |