Wave Entertainment Public Company Limited (WAVE) - Net Assets
Based on the latest financial reports, Wave Entertainment Public Company Limited (WAVE) has net assets worth ฿232.88 Million THB (≈ $7.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿573.15 Million ≈ $17.86 Million USD) and total liabilities (฿340.28 Million ≈ $10.61 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 Wave Entertainment Public Company Limite asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿232.88 Million |
| % of Total Assets | 40.63% |
| Annual Growth Rate | -5.49% |
| 5-Year Change | 78.76% |
| 10-Year Change | -85.28% |
| Growth Volatility | 122.8 |
Wave Entertainment Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Wave Entertainment Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Wave Entertainment Public Company Limite total assets for the complete picture of this company's asset base.
Annual Net Assets for Wave Entertainment Public Company Limited (2000–2025)
The table below shows the annual net assets of Wave Entertainment Public Company Limited from 2000 to 2025. For live valuation and market cap data, see WAVE market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿232.88 Million ≈ $7.26 Million |
+150.57% |
| 2024-12-31 | ฿-460.51 Million ≈ $-14.35 Million |
-144.62% |
| 2023-12-31 | ฿1.03 Billion ≈ $32.17 Million |
+18.95% |
| 2022-12-31 | ฿867.68 Million ≈ $27.04 Million |
+566.07% |
| 2021-12-31 | ฿130.27 Million ≈ $4.06 Million |
-84.10% |
| 2020-12-31 | ฿819.15 Million ≈ $25.53 Million |
-46.47% |
| 2019-12-31 | ฿1.53 Billion ≈ $47.70 Million |
+8.24% |
| 2018-12-31 | ฿1.41 Billion ≈ $44.07 Million |
+7.65% |
| 2017-12-31 | ฿1.31 Billion ≈ $40.94 Million |
-16.96% |
| 2016-12-31 | ฿1.58 Billion ≈ $49.30 Million |
+33.97% |
| 2015-12-31 | ฿1.18 Billion ≈ $36.80 Million |
+119.23% |
| 2014-12-31 | ฿538.47 Million ≈ $16.78 Million |
+16.45% |
| 2013-12-31 | ฿462.41 Million ≈ $14.41 Million |
+1.71% |
| 2012-12-31 | ฿454.66 Million ≈ $14.17 Million |
-0.95% |
| 2011-12-31 | ฿459.02 Million ≈ $14.31 Million |
-2.75% |
| 2010-12-31 | ฿471.98 Million ≈ $14.71 Million |
+0.74% |
| 2009-12-31 | ฿468.53 Million ≈ $14.60 Million |
-15.26% |
| 2008-12-31 | ฿552.92 Million ≈ $17.23 Million |
+10.26% |
| 2007-12-31 | ฿501.45 Million ≈ $15.63 Million |
-32.21% |
| 2006-12-31 | ฿739.68 Million ≈ $23.06 Million |
-1.64% |
| 2005-12-31 | ฿752.04 Million ≈ $23.44 Million |
+12.32% |
| 2004-12-31 | ฿669.56 Million ≈ $20.87 Million |
-5.74% |
| 2003-12-31 | ฿710.36 Million ≈ $22.14 Million |
+5.87% |
| 2002-12-31 | ฿670.97 Million ≈ $20.91 Million |
-9.21% |
| 2001-12-31 | ฿738.99 Million ≈ $23.03 Million |
-22.72% |
| 2000-12-31 | ฿956.25 Million ≈ $29.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Wave Entertainment 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 decreased by 110730687400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.58 Billion | 331.94% |
| Total Equity | ฿477.41 Million | 100.00% |
Wave Entertainment Public Company Limited Competitors by Market Cap
The table below lists competitors of Wave Entertainment Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adavale Resources Ltd
AU:ADD
|
$10.71 Million |
|
Metal Bank Ltd
AU:MBK
|
$10.71 Million |
|
QT Imaging Holdings Inc. Common Stock
NASDAQ:QTI
|
$10.72 Million |
|
Kier Group PLC
LSE:KIE
|
$10.72 Million |
|
Portage Biotech Inc
NASDAQ:PRTG
|
$10.71 Million |
|
Kmi Wire And Cable Tbk
JK:KBLI
|
$10.70 Million |
|
Conduit Pharmaceuticals Inc.
NASDAQ:CDT
|
$10.67 Million |
|
Artemis Resources Ltd
AU:ARV
|
$10.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wave Entertainment Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -48,807,503 to 477,413,313, a change of 526,220,816.
- Net income of 524,193,691 contributed positively to equity growth.
- New share issuances of 949,648 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿524.19 Million | +109.8% |
| Share Issuances | ฿949.65K | +0.2% |
| Other Changes | ฿1.08 Million | +0.23% |
| Total Change | ฿- | % |
Book Value vs Market Value Analysis
This analysis compares Wave Entertainment 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: 0.72x
- 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 increased from 0.06x to 0.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿0.47 | ฿0.03 | x |
| 2005-12-31 | ฿0.53 | ฿0.03 | x |
| 2006-12-31 | ฿0.52 | ฿0.03 | x |
| 2007-12-31 | ฿0.35 | ฿0.03 | x |
| 2008-12-31 | ฿0.37 | ฿0.03 | x |
| 2009-12-31 | ฿0.31 | ฿0.03 | x |
| 2010-12-31 | ฿0.33 | ฿0.03 | x |
| 2011-12-31 | ฿0.32 | ฿0.03 | x |
| 2012-12-31 | ฿0.32 | ฿0.03 | x |
| 2013-12-31 | ฿0.32 | ฿0.03 | x |
| 2014-12-31 | ฿0.38 | ฿0.03 | x |
| 2015-12-31 | ฿0.51 | ฿0.03 | x |
| 2016-12-31 | ฿0.64 | ฿0.03 | x |
| 2017-12-31 | ฿0.42 | ฿0.03 | x |
| 2018-12-31 | ฿0.42 | ฿0.03 | x |
| 2019-12-31 | ฿0.38 | ฿0.03 | x |
| 2020-12-31 | ฿0.41 | ฿0.03 | x |
| 2021-12-31 | ฿0.04 | ฿0.03 | x |
| 2022-12-31 | ฿0.37 | ฿0.03 | x |
| 2023-12-31 | ฿0.11 | ฿0.03 | x |
| 2024-12-31 | ฿0.00 | ฿0.03 | x |
| 2025-12-31 | ฿0.04 | ฿0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wave Entertainment 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): 109.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 129.76%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.20x
- Recent ROE (109.80%) is above the historical average (-21.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.40% | 0.27% | 1.13x | 1.28x | ฿-93.10 Million |
| 2003 | 12.92% | 8.05% | 1.29x | 1.25x | ฿21.20 Million |
| 2004 | 12.87% | 8.27% | 1.32x | 1.17x | ฿19.54 Million |
| 2005 | 11.97% | 8.83% | 1.17x | 1.16x | ฿14.88 Million |
| 2006 | 5.51% | 6.66% | 0.76x | 1.08x | ฿-33.29 Million |
| 2007 | -39.85% | -131.70% | 0.27x | 1.14x | ฿-250.42 Million |
| 2008 | -4.25% | -15.56% | 0.25x | 1.08x | ฿-78.78 Million |
| 2009 | -2.36% | -16.74% | 0.12x | 1.14x | ฿-57.92 Million |
| 2010 | 0.73% | 2.19% | 0.29x | 1.14x | ฿-43.75 Million |
| 2011 | -2.82% | -10.71% | 0.24x | 1.09x | ฿-58.86 Million |
| 2012 | -0.96% | -2.90% | 0.29x | 1.12x | ฿-49.82 Million |
| 2013 | 1.68% | 2.73% | 0.54x | 1.14x | ฿-38.49 Million |
| 2014 | 14.13% | 11.99% | 0.25x | 4.63x | ฿22.21 Million |
| 2015 | 5.02% | 1.68% | 0.54x | 5.50x | ฿-36.06 Million |
| 2016 | 5.07% | 2.22% | 0.74x | 3.08x | ฿-55.44 Million |
| 2017 | -32.00% | -11.15% | 0.75x | 3.82x | ฿-352.18 Million |
| 2018 | -22.46% | -7.68% | 0.75x | 3.90x | ฿-272.48 Million |
| 2019 | -10.02% | -7.70% | 0.32x | 4.05x | ฿-167.31 Million |
| 2020 | -27.61% | -32.25% | 0.36x | 2.35x | ฿-308.05 Million |
| 2021 | -528.43% | -240.66% | 0.33x | 6.73x | ฿-701.41 Million |
| 2022 | -22.02% | -66.78% | 0.24x | 1.39x | ฿-277.83 Million |
| 2023 | -1.66% | -3.55% | 0.28x | 1.70x | ฿-111.66 Million |
| 2024 | 0.00% | -282.32% | 0.68x | 0.00x | ฿-1.32 Billion |
| 2025 | 109.80% | 129.76% | 0.70x | 1.20x | ฿476.45 Million |
Industry Comparison
This section compares Wave Entertainment Public Company Limited's net assets metrics with peer companies in the Education & Training Services industry.
No peer company data available for comparison.
About Wave Entertainment Public Company Limited
Wave Exponential Public Company Limited, together with its subsidiaries, engages in the language institutions, integrated carbon credit, and wellness health care businesses in Thailand. The company operates an English language school under the trade name of Wall Street English; and provides integrated carbon credit consulting services, including consulting and advisory, climate projects and agric… Read more