ZEN Corporation Group Public Company Limited
ZEN Corporation Group Public Company Limited, together with its subsidiaries, engages in the operation and management of restaurants in Thailand. It operates restaurants under the ZEN Japanese Restaurant, Musha, AKA, Din's, ZEN BOX, On the Table, TETSU, and Sushi Cyu & Carnival Yakiniku brand names, as well as under other Thai brands. The company also produces and sells food products; retails and… Read more
ZEN Corporation Group Public Company Limited (ZEN) - Net Assets
Latest net assets as of September 2025: ฿1.46 Billion THB
Based on the latest financial reports, ZEN Corporation Group Public Company Limited (ZEN) has net assets worth ฿1.46 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 (฿3.01 Billion) and total liabilities (฿1.55 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 | ฿1.46 Billion |
| % of Total Assets | 48.52% |
| Annual Growth Rate | 17.67% |
| 5-Year Change | 20.3% |
| 10-Year Change | 265.7% |
| Growth Volatility | 63.1 |
ZEN Corporation Group Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how ZEN Corporation Group 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 ZEN Corporation Group Public Company Limited (2014–2024)
The table below shows the annual net assets of ZEN Corporation Group Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.46 Billion | -1.48% |
| 2023-12-31 | ฿1.48 Billion | +9.85% |
| 2022-12-31 | ฿1.35 Billion | +16.12% |
| 2021-12-31 | ฿1.16 Billion | -4.27% |
| 2020-12-31 | ฿1.21 Billion | -15.55% |
| 2019-12-31 | ฿1.43 Billion | +206.03% |
| 2018-12-31 | ฿468.61 Million | +28.18% |
| 2017-12-31 | ฿365.60 Million | +35.86% |
| 2016-12-31 | ฿269.10 Million | -32.45% |
| 2015-12-31 | ฿398.40 Million | +39.15% |
| 2014-12-31 | ฿286.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZEN Corporation Group 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 494.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.44 Billion | 106.83% |
| Total Equity | ฿1.35 Billion | 100.00% |
ZEN Corporation Group Public Company Limited Competitors by Market Cap
The table below lists competitors of ZEN Corporation Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Menon Bearings Limited
NSE:MENONBE
|
$24.03 Million |
|
Getchell Gold Corp
OTCQB:GGLDF
|
$24.03 Million |
|
Palisades Goldcorp Ltd.
PINK:PLGDF
|
$24.03 Million |
|
Ozerden Plastik Sanayi
IS:OZRDN
|
$24.04 Million |
|
Areeya Property Public Company Limited
BK:A
|
$24.02 Million |
|
GoviEx Uranium Inc
OTCQB:GVXXF
|
$24.01 Million |
|
ASTORY Co.Ltd
KQ:241840
|
$24.01 Million |
|
Nava Nakorn Public Company Limited
BK:NNCL
|
$24.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZEN Corporation Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,393,423,000 to 1,352,644,000, a change of -40,779,000 (-2.9%).
- Net income of 56,870,000 contributed positively to equity growth.
- Dividend payments of 97,253,000 reduced retained earnings.
- Share repurchases of 14,089,000 reduced equity.
- Other comprehensive income decreased equity by 30,000,000.
- Other factors increased equity by 43,693,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿56.87 Million | +4.2% |
| Dividends Paid | ฿97.25 Million | -7.19% |
| Share Repurchases | ฿14.09 Million | -1.04% |
| Other Comprehensive Income | ฿-30.00 Million | -2.22% |
| Other Changes | ฿43.69 Million | +3.23% |
| Total Change | ฿- | -2.93% |
Book Value vs Market Value Analysis
This analysis compares ZEN Corporation Group 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: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.64x to 1.23x 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 | ฿2.12 | ฿5.60 | x |
| 2015-12-31 | ฿1.33 | ฿5.60 | x |
| 2016-12-31 | ฿0.90 | ฿5.60 | x |
| 2017-12-31 | ฿1.22 | ฿5.60 | x |
| 2018-12-31 | ฿2.87 | ฿5.60 | x |
| 2019-12-31 | ฿4.92 | ฿5.60 | x |
| 2020-12-31 | ฿4.04 | ฿5.60 | x |
| 2021-12-31 | ฿3.74 | ฿5.60 | x |
| 2022-12-31 | ฿4.27 | ฿5.60 | x |
| 2023-12-31 | ฿4.64 | ฿5.60 | x |
| 2024-12-31 | ฿4.54 | ฿5.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZEN Corporation Group 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): 4.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.40%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 2.40x
- Recent ROE (4.20%) is below the historical average (18.20%), 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 | 65.23% | 10.77% | 1.66x | 3.65x | ฿158.14 Million |
| 2015 | 27.64% | 5.61% | 1.68x | 2.93x | ฿70.26 Million |
| 2016 | 33.30% | 4.15% | 1.49x | 5.39x | ฿62.69 Million |
| 2017 | 22.37% | 3.37% | 1.53x | 4.35x | ฿45.24 Million |
| 2018 | 29.92% | 4.92% | 1.82x | 3.34x | ฿93.35 Million |
| 2019 | 7.41% | 3.51% | 1.48x | 1.43x | ฿-37.18 Million |
| 2020 | -5.26% | -2.79% | 0.85x | 2.22x | ฿-184.77 Million |
| 2021 | -7.89% | -4.01% | 0.86x | 2.28x | ฿-200.83 Million |
| 2022 | 12.02% | 4.55% | 1.20x | 2.21x | ฿25.83 Million |
| 2023 | 11.31% | 4.03% | 1.21x | 2.33x | ฿18.25 Million |
| 2024 | 4.20% | 1.40% | 1.25x | 2.40x | ฿-78.39 Million |
Industry Comparison
This section compares ZEN Corporation Group Public Company Limited's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,675,526,501
- Average return on equity (ROE) among peers: 3.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZEN Corporation Group Public Company Limited (ZEN) | ฿1.46 Billion | 65.23% | 1.06x | $24.02 Million |
| After You Public Company Limited (AU) | $982.44 Million | 18.14% | 0.43x | $32.04 Million |
| MK Restaurant Group Public Company Limited (M) | $13.80 Billion | 10.45% | 0.40x | $125.89 Million |
| MAGURO GROUP PUBLIC COMPANY LIMITED (MAGURO) | $279.71 Million | 11.35% | 1.26x | $24.09 Million |
| Mud & Hound Public Company Limited (MUD) | $2.14 Billion | -2.01% | 0.89x | $4.06 Million |
| Quantum D C Public Company Limited (QDC) | $460.18 Million | -23.66% | 2.26x | $26.64K |
| S&P Syndicate Public Company Limited (SNP) | $752.77 Million | 20.41% | 0.52x | $24.95 Million |
| Super Turtle PCL (TURTLE) | $309.65 Million | -8.58% | 0.23x | $21.81 Million |