Airports of Thailand Public Company Limited (NYVQ) - Net Assets
Based on the latest financial reports, Airports of Thailand Public Company Limited (NYVQ) has net assets worth €137.57 Billion EUR as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€206.92 Billion) and total liabilities (€69.35 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 | €137.57 Billion |
| % of Total Assets | 66.48% |
| Annual Growth Rate | 0.11% |
| 5-Year Change | 17.12% |
| 10-Year Change | N/A |
| Growth Volatility | 11.12 |
Airports of Thailand Public Company Limited - Net Assets Trend (2017–2025)
This chart illustrates how Airports of Thailand 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 Airports of Thailand Public Company Limited (2017–2025)
The table below shows the annual net assets of Airports of Thailand Public Company Limited from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €132.84 Billion | +5.10% |
| 2024-09-30 | €126.40 Billion | +12.68% |
| 2023-09-30 | €112.18 Billion | +9.42% |
| 2022-09-30 | €102.52 Billion | -9.61% |
| 2021-09-30 | €113.42 Billion | -20.70% |
| 2020-09-30 | €143.03 Billion | -7.45% |
| 2019-09-30 | €154.54 Billion | +7.12% |
| 2018-09-30 | €144.27 Billion | +9.55% |
| 2017-09-30 | €131.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Airports of Thailand 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 1.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €102.29 Billion | 78.15% |
| Other Components | €28.60 Billion | 21.85% |
| Total Equity | €130.90 Billion | 100.00% |
Airports of Thailand Public Company Limited Competitors by Market Cap
The table below lists competitors of Airports of Thailand Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENEOS Holdings Inc
F:JHJ
|
$21.86 Billion |
|
EPIROC AB A
F:3AD1
|
$21.86 Billion |
|
Ajinomoto Co., Inc.
F:AJI0
|
$21.89 Billion |
|
CRRC Corp Ltd Class A
SHG:601766
|
$21.89 Billion |
|
Luzhou Lao Jiao Co Ltd
SHE:000568
|
$21.80 Billion |
|
CSG N.V.
AS:CSG
|
$21.79 Billion |
|
POP MART INT.GRP.DL-0001
F:735
|
$21.78 Billion |
|
Renesas Electronics Corporation
F:NEN0
|
$21.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airports of Thailand Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 124,233,010,203 to 130,898,230,704, a change of 6,665,220,501 (5.4%).
- Net income of 18,125,205,627 contributed positively to equity growth.
- Dividend payments of 11,958,811,404 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.13 Billion | +13.85% |
| Dividends Paid | €11.96 Billion | -9.14% |
| Other Changes | €498.83 Million | +0.38% |
| Total Change | €- | 5.37% |
Book Value vs Market Value Analysis
This analysis compares Airports of Thailand 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: 0.15x
- 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 |
|---|---|---|---|
| 2017-09-30 | €9.20 | €1.41 | x |
| 2018-09-30 | €10.07 | €1.41 | x |
| 2019-09-30 | €10.77 | €1.41 | x |
| 2020-09-30 | €9.96 | €1.41 | x |
| 2021-09-30 | €7.86 | €1.41 | x |
| 2022-09-30 | €7.09 | €1.41 | x |
| 2023-09-30 | €7.73 | €1.41 | x |
| 2024-09-30 | €8.70 | €1.41 | x |
| 2025-09-30 | €9.16 | €1.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airports of Thailand 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): 13.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.18%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.60x
- Recent ROE (13.85%) is above the historical average (7.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.74% | 37.67% | 0.31x | 1.36x | €7.55 Billion |
| 2018 | 17.49% | 41.58% | 0.32x | 1.30x | €10.78 Billion |
| 2019 | 16.26% | 39.86% | 0.32x | 1.29x | €9.64 Billion |
| 2020 | 3.04% | 13.86% | 0.18x | 1.22x | €-9.90 Billion |
| 2021 | -14.53% | -230.35% | 0.04x | 1.74x | €-27.56 Billion |
| 2022 | -10.94% | -66.96% | 0.09x | 1.81x | €-21.22 Billion |
| 2023 | 7.96% | 18.26% | 0.25x | 1.77x | €-2.26 Billion |
| 2024 | 15.44% | 28.58% | 0.33x | 1.66x | €6.76 Billion |
| 2025 | 13.85% | 27.18% | 0.32x | 1.60x | €5.04 Billion |
Industry Comparison
This section compares Airports of Thailand Public Company Limited's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $8,085,673,426
- Average return on equity (ROE) among peers: 16.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airports of Thailand Public Company Limited (NYVQ) | €137.57 Billion | 15.74% | 0.50x | $21.86 Billion |
| Aeroporto Guglielmo Marconi di Bologna S.p.A (169) | $157.80 Million | -4.26% | 0.88x | $333.90 Million |
| Skymark Airlines Inc. (7SA) | $27.12 Billion | 7.91% | 2.83x | $119.42 Million |
| Aena S.M.E., S.A. (A441) | $9.15 Billion | 23.34% | 0.99x | $40.56 Billion |
| Beijing Capital International Airport Company Limited (BJ1) | $16.21 Billion | 8.20% | 1.02x | $410.87 Million |
| ENAV SpA (ENV) | $1.21 Billion | 8.70% | 1.00x | $2.98 Billion |
| Fraport AG (FRA) | $4.03 Billion | 8.20% | 1.69x | $6.48 Billion |
| GRUPO AEROPORT-B (G7AB.SG) (G7AB) | $8.55 Billion | 45.60% | 1.70x | $4.60 Billion |
| Hainan Meilan International Airport Company Limited (HAO) | $3.25 Billion | 13.49% | 1.14x | $169.78 Million |
| Københavns Lufthavne A/S (KLH) | $3.09 Billion | 35.81% | 3.20x | $6.84 Billion |
About Airports of Thailand Public Company Limited
Airports of Thailand Public Company Limited, together with its subsidiaries, engages in the airport business in Thailand. The company engages in airport management, hotel business, ground service business, security business, and management of perishable goods projects. It operates six international airports, including Suvarnabhumi Airport, Don Mueang International Airport, Chiang Mai Internationa… Read more