LD + HOUSES PCL FGN BA 1 (LHOG) - Net Assets
Based on the latest financial reports, LD + HOUSES PCL FGN BA 1 (LHOG) has net assets worth €52.63 Billion EUR (≈ $61.53 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€141.00 Billion ≈ $164.85 Billion USD) and total liabilities (€88.37 Billion ≈ $103.32 Billion 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. Explore how efficiently does LD + HOUSES PCL FGN BA 1 generate cash to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €52.63 Billion |
| % of Total Assets | 37.33% |
| Annual Growth Rate | 0.96% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.35 |
LD + HOUSES PCL FGN BA 1 - Net Assets Trend (2021–2025)
This chart illustrates how LD + HOUSES PCL FGN BA 1's net assets have evolved over time, based on quarterly financial data. Explore investment intensity of LD + HOUSES PCL FGN BA 1 to see how much of total assets are deployed in long-term investments.
Annual Net Assets for LD + HOUSES PCL FGN BA 1 (2021–2025)
The table below shows the annual net assets of LD + HOUSES PCL FGN BA 1 from 2021 to 2025. For live valuation and market cap data, see LD + HOUSES PCL FGN BA 1 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €52.63 Billion ≈ $61.53 Billion |
+0.78% |
| 2024-12-31 | €52.22 Billion ≈ $61.06 Billion |
-0.02% |
| 2023-12-31 | €52.23 Billion ≈ $61.07 Billion |
-0.10% |
| 2022-12-31 | €52.28 Billion ≈ $61.13 Billion |
+3.24% |
| 2021-12-31 | €50.65 Billion ≈ $59.21 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to LD + HOUSES PCL FGN BA 1'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 10.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €24.15 Billion | 46.56% |
| Other Components | €27.73 Billion | 53.44% |
| Total Equity | €51.88 Billion | 100.00% |
LD + HOUSES PCL FGN BA 1 Competitors by Market Cap
The table below lists competitors of LD + HOUSES PCL FGN BA 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fox Marble Holdings PLC
LSE:FOX
|
$888.61 |
|
Grom Social Enterprises Inc
NASDAQ:GROM
|
$902.00 |
|
Green & Gold Minerals Ltd
AU:GG1
|
$946.71 |
|
Carzo Holdings Bhd
KLSE:03048
|
$991.62 |
|
Trevena Inc
NASDAQ:TRVN
|
$863.79 |
|
Bank Cimb Niaga Tbk
JK:BNGA
|
$852.55 |
|
Invesque Inc
TO:IVQ
|
$847.92 |
|
China New Higher Education Group Limited
STU:8CN
|
$804.04 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LD + HOUSES PCL FGN BA 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 51,483,262,894 to 51,881,853,831, a change of 398,590,937 (0.8%).
- Net income of 3,716,240,460 contributed positively to equity growth.
- Dividend payments of 3,584,875,175 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.72 Billion | +7.16% |
| Dividends Paid | €3.58 Billion | -6.91% |
| Other Changes | €267.23 Million | +0.52% |
| Total Change | €- | 0.77% |
Book Value vs Market Value Analysis
This analysis compares LD + HOUSES PCL FGN BA 1'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: 0.02x
- 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 |
|---|---|---|---|
| 2021-12-31 | €4.18 | €0.08 | x |
| 2022-12-31 | €4.32 | €0.08 | x |
| 2023-12-31 | €4.31 | €0.08 | x |
| 2024-12-31 | €4.31 | €0.08 | x |
| 2025-12-31 | €4.34 | €0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LD + HOUSES PCL FGN BA 1 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): 7.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.23%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 2.72x
- Recent ROE (7.16%) is below the historical average (12.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 13.89% | 21.21% | 0.26x | 2.51x | €1.94 Billion |
| 2022 | 16.12% | 23.04% | 0.29x | 2.40x | €3.15 Billion |
| 2023 | 14.52% | 27.45% | 0.21x | 2.56x | €2.33 Billion |
| 2024 | 10.66% | 21.38% | 0.18x | 2.81x | €342.26 Million |
| 2025 | 7.16% | 17.23% | 0.15x | 2.72x | €-1.47 Billion |
Industry Comparison
This section compares LD + HOUSES PCL FGN BA 1's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $55,360,157,650
- Average return on equity (ROE) among peers: -29.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LD + HOUSES PCL FGN BA 1 (LHOG) | €52.63 Billion | 13.89% | 1.68x | $873.87 |
| REDSUN PROPERTIES GROUP (0RJ) | $31.75 Billion | 3.92% | 3.18x | $3.34 Million |
| CHINA VANKE CO.LTD H YC 1 (18V) | $402.93 Billion | 3.02% | 2.73x | $691.34 Million |
| ABITARE IN S.P.A. (1BN) | $111.06 Million | 0.35% | 2.32x | $65.18 Million |
| RONSHINE CH.HLD.HD-00001 (1R7) | $52.28 Billion | 2.48% | 3.69x | $7.87 Million |
| Pruksa Holding Public Company Limited (2PR3) | $45.58 Billion | 6.08% | 0.51x | $181.69 Million |
| Zhong An Group Limited (35Z) | $6.19 Billion | 6.79% | 1.77x | $33.65 Million |
| Sino-Ocean Group Holding Limited (3SD) | $1.90 Billion | 355.79% | 78.50x | $13.95 Million |
| BARKBY GRP PLC LS 000860 (3WY) | $823.00K | -512.03% | 26.44x | $125.67 Million |
| HUIJING HLDG.CO.LTD HD-01 (3XU) | $525.42 Million | -132.60% | 18.83x | $7.88 Million |
| ZHONGLIANG HLDG HD-01 (3ZH) | $12.34 Billion | -33.05% | 8.08x | $13.34 Million |
About LD + HOUSES PCL FGN BA 1
Land and Houses Public Company Limited, together with its subsidiaries, engages in the property development activities in Thailand and the United States of America. It operates through two segments, Real Estate Business, and Rental and Service Business. The Real Estate Business segment develops and sells single detached houses, duo homes, townhouses, and residence condominium projects. Its Rental… Read more