SM Prime Holdings Inc
SM Prime Holdings, Inc., together with its subsidiaries, operates, maintains, and leases commercial shopping malls in the Philippines and China. It operates in four segments: Mall; Residential; Commercial and Integrated Property Developments; and Hotels and Convention Centers. The company also operates, maintains, and rents shopping spaces, amusement centers, and cinema theaters. In addition, it … Read more
SM Prime Holdings Inc (SPHXF) - Net Assets
Latest net assets as of December 2025: $467.54 Billion USD
Based on the latest financial reports, SM Prime Holdings Inc (SPHXF) has net assets worth $467.54 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 ($1.09 Trillion) and total liabilities ($622.74 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 | $467.54 Billion |
| % of Total Assets | 42.88% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | 39.83% |
| 10-Year Change | 98.64% |
| Growth Volatility | 4.34 |
SM Prime Holdings Inc - Net Assets Trend (2013–2025)
This chart illustrates how SM Prime Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SM Prime Holdings Inc (2013–2025)
The table below shows the annual net assets of SM Prime Holdings Inc from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $467.54 Billion | +7.17% |
| 2024-12-31 | $436.24 Billion | +9.36% |
| 2023-12-31 | $398.89 Billion | +9.24% |
| 2022-12-31 | $365.15 Billion | +9.21% |
| 2021-12-31 | $334.36 Billion | +7.61% |
| 2020-12-31 | $310.72 Billion | +2.71% |
| 2019-12-31 | $302.52 Billion | +8.40% |
| 2018-12-31 | $279.08 Billion | +6.16% |
| 2017-12-31 | $262.87 Billion | +11.69% |
| 2016-12-31 | $235.36 Billion | +9.04% |
| 2015-12-31 | $215.84 Billion | +6.73% |
| 2014-12-31 | $202.24 Billion | +21.67% |
| 2013-12-31 | $166.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SM Prime Holdings Inc'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 131.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $208.30 Billion | 44.89% |
| Common Stock | $33.06 Billion | 7.12% |
| Other Comprehensive Income | $188.94 Billion | 40.72% |
| Other Components | $33.73 Billion | 7.27% |
| Total Equity | $464.03 Billion | 100.00% |
SM Prime Holdings Inc Competitors by Market Cap
The table below lists competitors of SM Prime Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HDLMY
PINK:HDLMY
|
$4.48 Billion |
|
Korean Air Lines Co
KO:003490
|
$4.48 Billion |
|
Tele2 AB
PINK:TLTZY
|
$4.48 Billion |
|
Macy’s Inc
NYSE:M
|
$4.48 Billion |
|
Alaska Air Group Inc
NYSE:ALK
|
$4.48 Billion |
|
MOL PLC
WAR:MOL
|
$4.48 Billion |
|
Amicus Therapeutics Inc
NASDAQ:FOLD
|
$4.48 Billion |
|
TPG INC CLASS A DL-001
F:B81
|
$4.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SM Prime Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 433,093,072,000 to 464,026,336,000, a change of 30,933,264,000 (7.1%).
- Net income of 48,687,062,000 contributed positively to equity growth.
- Dividend payments of 13,814,262,000 reduced retained earnings.
- Share repurchases of 1,238,331,000 reduced equity.
- Other comprehensive income increased equity by 188,935,490,000.
- Other factors decreased equity by 191,636,695,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $48.69 Billion | +10.49% |
| Dividends Paid | $13.81 Billion | -2.98% |
| Share Repurchases | $1.24 Billion | -0.27% |
| Other Comprehensive Income | $188.94 Billion | +40.72% |
| Other Changes | $-191.64 Billion | -41.3% |
| Total Change | $- | 7.14% |
Book Value vs Market Value Analysis
This analysis compares SM Prime Holdings Inc'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: 0.04x
- 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 |
|---|---|---|---|
| 2013-12-31 | $5.88 | $0.42 | x |
| 2014-12-31 | $7.14 | $0.42 | x |
| 2015-12-31 | $7.37 | $0.42 | x |
| 2016-12-31 | $8.03 | $0.42 | x |
| 2017-12-31 | $8.98 | $0.42 | x |
| 2018-12-31 | $9.54 | $0.42 | x |
| 2019-12-31 | $10.43 | $0.42 | x |
| 2020-12-31 | $10.70 | $0.42 | x |
| 2021-12-31 | $11.54 | $0.42 | x |
| 2022-12-31 | $12.59 | $0.42 | x |
| 2023-12-31 | $13.73 | $0.42 | x |
| 2024-12-31 | $15.01 | $0.42 | x |
| 2025-12-31 | $9.49 | $0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SM Prime Holdings Inc 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): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.62%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.35x
- Recent ROE (10.49%) is above the historical average (9.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.97% | 27.06% | 0.18x | 2.06x | $-51.83 Million |
| 2014 | 9.24% | 27.76% | 0.17x | 1.95x | $-1.52 Billion |
| 2015 | 13.32% | 39.58% | 0.16x | 2.05x | $7.05 Billion |
| 2016 | 10.28% | 29.83% | 0.17x | 2.01x | $657.61 Million |
| 2017 | 10.65% | 30.33% | 0.17x | 2.08x | $1.68 Billion |
| 2018 | 11.69% | 30.91% | 0.17x | 2.19x | $4.64 Billion |
| 2019 | 12.66% | 32.19% | 0.18x | 2.22x | $7.99 Billion |
| 2020 | 5.82% | 21.99% | 0.11x | 2.34x | $-12.92 Billion |
| 2021 | 6.54% | 26.47% | 0.10x | 2.42x | $-11.51 Billion |
| 2022 | 8.29% | 28.45% | 0.12x | 2.41x | $-6.22 Billion |
| 2023 | 10.10% | 31.23% | 0.14x | 2.38x | $390.84 Million |
| 2024 | 10.54% | 32.50% | 0.14x | 2.35x | $2.32 Billion |
| 2025 | 10.49% | 34.62% | 0.13x | 2.35x | $2.28 Billion |
Industry Comparison
This section compares SM Prime Holdings Inc's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $44,839,195,622
- Average return on equity (ROE) among peers: 5.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SM Prime Holdings Inc (SPHXF) | $467.54 Billion | 9.97% | 1.33x | $4.48 Billion |
| Fastighets AB Balder (publ) (BALDF) | $4.66 Billion | 37.66% | 2.23x | $4.42 Billion |
| Bresler & Reiner Inc (BRER) | $221.94 Million | -4.18% | 3.15x | $286.68 |
| Chinese Estates Holdings Limited (CESTF) | $28.78 Billion | 2.16% | 0.30x | $71.54 Million |
| Central Pattana Public Company Limited (CPNNF) | $15.17 Billion | 14.49% | 1.89x | $3.86 Billion |
| Community Redevelopment Inc (CRDV) | $-732.85K | 0.00% | 0.00x | $450.08K |
| Daito Trust Construction Co.Ltd (DITTF) | $365.79 Billion | 19.02% | 1.75x | $30.07 Billion |
| Eco Depot Inc (ECDP) | $5.22 Million | -14.85% | 0.39x | $551.28 |
| Frasers Property Limited (FSRPF) | $15.12 Billion | 1.24% | 1.56x | $289.47 Million |
| 420 Property Management Inc (FTPM) | $-19.97 Million | 0.00% | 0.00x | $1.92 |
| Great Eagle Holdings Limited (GEAHF) | $18.67 Billion | 1.67% | 1.04x | $355.22 Million |