Wyncoast Industrial Park Public Company Limited (WIN) - Net Assets

Latest as of March 2026: ฿430.39 Million THB ≈ $13.41 Million USD

Based on the latest financial reports, Wyncoast Industrial Park Public Company Limited (WIN) has net assets worth ฿430.39 Million THB (≈ $13.41 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿799.73 Million ≈ $24.93 Million USD) and total liabilities (฿369.34 Million ≈ $11.51 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. Also explore Wyncoast Industrial Park Public Company total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿430.39 Million
% of Total Assets	53.82%
Annual Growth Rate	0.98%
5-Year Change	-0.77%
10-Year Change	69.17%
Growth Volatility	27.8

Wyncoast Industrial Park Public Company Limited - Net Assets Trend (2002–2025)

This chart illustrates how Wyncoast Industrial Park Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check WIN tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Wyncoast Industrial Park Public Company Limited (2002–2025)

The table below shows the annual net assets of Wyncoast Industrial Park Public Company Limited from 2002 to 2025. For live valuation and market cap data, see WIN market cap.

Year	Net Assets	Change
2025-12-31	฿437.42 Million ≈ $13.63 Million	+0.94%
2024-12-31	฿433.33 Million ≈ $13.51 Million	+1.30%
2023-12-31	฿427.78 Million ≈ $13.33 Million	+2.72%
2022-12-31	฿416.46 Million ≈ $12.98 Million	-5.53%
2021-12-31	฿440.83 Million ≈ $13.74 Million	+59.67%
2020-12-31	฿276.10 Million ≈ $8.61 Million	-21.05%
2019-12-31	฿349.73 Million ≈ $10.90 Million	-0.47%
2018-12-31	฿351.37 Million ≈ $10.95 Million	+1.63%
2017-12-31	฿345.75 Million ≈ $10.78 Million	+33.71%
2016-12-31	฿258.57 Million ≈ $8.06 Million	+3.42%
2015-12-31	฿250.03 Million ≈ $7.79 Million	+54.81%
2014-12-31	฿161.51 Million ≈ $5.03 Million	-2.32%
2013-12-31	฿165.35 Million ≈ $5.15 Million	+25.34%
2012-12-31	฿131.92 Million ≈ $4.11 Million	0.00%
2011-12-31	฿131.92 Million ≈ $4.11 Million	-5.71%
2010-12-31	฿139.90 Million ≈ $4.36 Million	+1.71%
2009-12-31	฿137.55 Million ≈ $4.29 Million	-33.64%
2008-12-31	฿207.28 Million ≈ $6.46 Million	-31.07%
2007-12-31	฿300.71 Million ≈ $9.37 Million	-28.77%
2006-12-31	฿422.20 Million ≈ $13.16 Million	+34.29%
2005-12-31	฿314.40 Million ≈ $9.80 Million	+6.40%
2004-12-31	฿295.49 Million ≈ $9.21 Million	+56.08%
2003-12-31	฿189.32 Million ≈ $5.90 Million	-45.89%
2002-12-31	฿349.90 Million ≈ $10.91 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wyncoast Industrial Park 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 411540142400.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	฿561.14 Million	150.47%
Other Comprehensive Income	฿435.55 Million	116.79%
Total Equity	฿372.92 Million	100.00%

Wyncoast Industrial Park Public Company Limited Competitors by Market Cap

The table below lists competitors of Wyncoast Industrial Park Public Company Limited ranked by their market capitalization.

Company	Market Cap
Mobio Technologies Inc V:MBO	$5.25 Million
E79 Gold Mines Ltd AU:E79	$5.25 Million
Schroder Japan Growth Fund LSE:SJG	$5.26 Million
Bryah Resources Ltd AU:BYH	$5.26 Million
Dhruv Consultancy Services Limited NSE:DHRUV	$5.25 Million
VIA OPTRONICS AG SP.ADS/1 F:5UU1	$5.24 Million
Combigene AB ST:COMBI	$5.24 Million
Noram Lithium Corp V:NRM	$5.24 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wyncoast Industrial Park Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 371,650,776 to 372,923,079, a change of 1,272,303 (0.3%).
Net income of 1,447,455 contributed positively to equity growth.
Other comprehensive income increased equity by 434,599,310.
Other factors decreased equity by 434,774,462.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿1.45 Million	+0.39%
Other Comprehensive Income	฿434.60 Million	+116.54%
Other Changes	฿-434.77 Million	-116.59%
Total Change	฿-	0.34%

Book Value vs Market Value Analysis

This analysis compares Wyncoast Industrial Park 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: 0.45x
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 1.20x to 0.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	฿0.25	฿0.30	x
2003-12-31	฿0.14	฿0.30	x
2004-12-31	฿0.21	฿0.30	x
2005-12-31	฿0.87	฿0.30	x
2006-12-31	฿1.07	฿0.30	x
2007-12-31	฿0.61	฿0.30	x
2008-12-31	฿0.42	฿0.30	x
2009-12-31	฿0.28	฿0.30	x
2010-12-31	฿0.29	฿0.30	x
2011-12-31	฿0.33	฿0.30	x
2012-12-31	฿0.27	฿0.30	x
2013-12-31	฿0.33	฿0.30	x
2014-12-31	฿0.31	฿0.30	x
2015-12-31	฿0.42	฿0.30	x
2016-12-31	฿0.42	฿0.30	x
2017-12-31	฿0.56	฿0.30	x
2018-12-31	฿0.55	฿0.30	x
2019-12-31	฿0.50	฿0.30	x
2020-12-31	฿0.37	฿0.30	x
2021-12-31	฿0.67	฿0.30	x
2022-12-31	฿0.63	฿0.30	x
2023-12-31	฿0.65	฿0.30	x
2024-12-31	฿0.66	฿0.30	x
2025-12-31	฿0.66	฿0.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wyncoast Industrial Park 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): 0.39%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.68%
• Asset Turnover: 0.27x
• Equity Multiplier: 2.15x
Recent ROE (0.39%) is above the historical average (-20.77%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	-219.98%	-1172.69%	0.14x	1.37x	฿-804.70 Million
2003	-84.82%	-126.12%	0.34x	1.97x	฿-179.51 Million
2004	-35.10%	-83.64%	0.40x	1.05x	฿-133.28 Million
2005	6.01%	22.89%	0.20x	1.34x	฿-12.53 Million
2006	-7.65%	-52.96%	0.10x	1.46x	฿-74.51 Million
2007	-49.17%	-143.67%	0.17x	1.97x	฿-177.94 Million
2008	-45.15%	-68.50%	0.25x	2.59x	฿-114.32 Million
2009	-50.69%	-82.45%	0.18x	3.51x	฿-83.48 Million
2010	1.68%	7.82%	0.09x	2.42x	฿-11.64 Million
2011	-6.05%	-18.83%	0.13x	2.57x	฿-21.17 Million
2012	25.62%	64.74%	0.15x	2.57x	฿20.60 Million
2013	-4.13%	-15.32%	0.11x	2.36x	฿-23.37 Million
2014	-2.37%	-7.80%	0.12x	2.49x	฿-19.99 Million
2015	-1.98%	-6.93%	0.11x	2.52x	฿-25.60 Million
2016	3.72%	10.34%	0.14x	2.49x	฿-13.63 Million
2017	-2.36%	-8.10%	0.14x	2.04x	฿-37.41 Million
2018	1.93%	6.23%	0.14x	2.23x	฿-24.90 Million
2019	-8.29%	-17.45%	0.19x	2.44x	฿-51.09 Million
2020	-34.70%	-87.84%	0.13x	3.14x	฿-93.54 Million
2021	17.74%	94.48%	0.09x	2.14x	฿28.99 Million
2022	-6.56%	-30.33%	0.10x	2.22x	฿-58.63 Million
2023	2.92%	10.32%	0.13x	2.14x	฿-25.80 Million
2024	0.53%	2.14%	0.12x	2.09x	฿-35.19 Million
2025	0.39%	0.68%	0.27x	2.15x	฿-35.84 Million

Industry Comparison

This section compares Wyncoast Industrial Park Public Company Limited's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $10,159,136,256
Average return on equity (ROE) among peers: 5.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wyncoast Industrial Park Public Company Limited (WIN)	฿430.39 Million	-219.98%	0.86x	$5.25 Million
Amata VN PCL (AMATAV)	$2.62 Billion	6.61%	0.00x	$71.10 Million
Bangkok Land Public Company Limited (BLAND)	$32.11 Billion	1.93%	0.22x	$351.56 Million
Grand Canal Land Public Company Limited (GLAND)	$1.61 Billion	3.94%	0.13x	$149.92 Million
JAS Asset PCL (J)	$944.92 Million	-1.85%	1.55x	$45.07 Million
Krungdhep Sophon Public Company Limited (KWC)	$294.41 Million	6.04%	0.61x	$50.68 Million
Nirvana Daii Public Company Limited (NVD)	$5.18 Billion	7.88%	1.43x	$47.33 Million
The Platinum Group Public Company Limited (PLAT)	$8.96 Billion	8.76%	0.27x	$116.07 Million
Sammakorn Public Company Limited (SAMCO)	$1.56 Billion	4.22%	0.50x	$17.80 Million
Saha Pathana Inter-Holding PCL (SPI)	$17.29 Billion	7.52%	0.14x	$1.34 Billion
WHA Corporation Public Company Limited (WHA)	$31.01 Billion	9.37%	1.53x	$2.54 Billion

About Wyncoast Industrial Park Public Company Limited

BK:WIN Thailand Real Estate Services

Market Cap

$5.25 Million

฿168.34 Million THB

Market Cap Rank

#28482 Global

#612 in Thailand

Share Price

฿0.30

Change (1 day)

+0.00%

52-Week Range

฿0.24 - ฿0.42

All Time High

฿2.10