Ekarat Engineering Public Company Limited
Ekarat Engineering Public Company Limited, together with its subsidiaries, engages in the manufacturing and distribution of transformers and solar farms in Thailand. The company offers solar cells, including solar modules; and distribution and dry type transformer, as well as provides design and installation for solar rooftops; and design and installation services for solar power plant or a grid … Read more
Ekarat Engineering Public Company Limited (AKR) - Net Assets
Latest net assets as of December 2025: ฿1.70 Billion THB
Based on the latest financial reports, Ekarat Engineering Public Company Limited (AKR) has net assets worth ฿1.70 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.19 Billion) and total liabilities (฿486.51 Million). 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 | ฿1.70 Billion |
| % of Total Assets | 77.77% |
| Annual Growth Rate | 5.17% |
| 5-Year Change | 32.85% |
| 10-Year Change | 42.92% |
| Growth Volatility | 57.43 |
Ekarat Engineering Public Company Limited - Net Assets Trend (2005–2025)
This chart illustrates how Ekarat Engineering 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 Ekarat Engineering Public Company Limited (2005–2025)
The table below shows the annual net assets of Ekarat Engineering Public Company Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.70 Billion | +1.25% |
| 2024-12-31 | ฿1.68 Billion | +12.42% |
| 2023-12-31 | ฿1.50 Billion | +8.72% |
| 2022-12-31 | ฿1.38 Billion | +7.36% |
| 2021-12-31 | ฿1.28 Billion | +20.51% |
| 2020-12-31 | ฿1.06 Billion | +9.02% |
| 2019-12-31 | ฿975.04 Million | +10.67% |
| 2018-12-31 | ฿881.01 Million | -26.64% |
| 2017-12-31 | ฿1.20 Billion | +0.85% |
| 2016-12-31 | ฿1.19 Billion | -10.23% |
| 2015-12-31 | ฿1.33 Billion | +0.04% |
| 2014-12-31 | ฿1.33 Billion | +2.91% |
| 2013-12-31 | ฿1.29 Billion | +229.96% |
| 2012-12-31 | ฿390.49 Million | +39.79% |
| 2011-12-31 | ฿279.34 Million | -27.39% |
| 2010-12-31 | ฿384.73 Million | -48.65% |
| 2009-12-31 | ฿749.21 Million | -30.24% |
| 2008-12-31 | ฿1.07 Billion | -10.55% |
| 2007-12-31 | ฿1.20 Billion | -2.54% |
| 2006-12-31 | ฿1.23 Billion | +98.48% |
| 2005-12-31 | ฿620.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ekarat Engineering 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 5537.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿426.76 Million | 25.10% |
| Other Components | ฿1.27 Billion | 74.90% |
| Total Equity | ฿1.70 Billion | 100.00% |
Ekarat Engineering Public Company Limited Competitors by Market Cap
The table below lists competitors of Ekarat Engineering Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Victory New Materials Ltd Co
TW:1340
|
$23.81 Million |
|
Eniro AB
ST:ENRO
|
$23.81 Million |
|
Chiho Environmental Group Limited
STU:T4N
|
$23.81 Million |
|
Mustgrow Biologics Corp
OTCQB:MGROF
|
$23.82 Million |
|
Jin Yang Pharmaceutical Co. Ltd
KQ:007370
|
$23.80 Million |
|
SHL Consolidated Bhd
KLSE:6017
|
$23.80 Million |
|
Globaltec Formation Bhd
KLSE:5220
|
$23.80 Million |
|
HORNG SHIUE HOLDING Co Ltd
TW:2243
|
$23.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ekarat Engineering Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,679,480,349 to 1,700,497,782, a change of 21,017,433 (1.3%).
- Net income of 189,320,263 contributed positively to equity growth.
- Dividend payments of 147,183,258 reduced retained earnings.
- Other comprehensive income decreased equity by 60,653,287.
- Other factors increased equity by 39,533,715.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿189.32 Million | +11.13% |
| Dividends Paid | ฿147.18 Million | -8.66% |
| Other Comprehensive Income | ฿-60.65 Million | -3.57% |
| Other Changes | ฿39.53 Million | +2.32% |
| Total Change | ฿- | 1.25% |
Book Value vs Market Value Analysis
This analysis compares Ekarat Engineering 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: 0.79x
- 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 increased from 0.54x to 0.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.69 | ฿0.91 | x |
| 2007-12-31 | ฿1.43 | ฿0.91 | x |
| 2008-12-31 | ฿1.28 | ฿0.91 | x |
| 2009-12-31 | ฿0.89 | ฿0.91 | x |
| 2010-12-31 | ฿0.46 | ฿0.91 | x |
| 2011-12-31 | ฿0.33 | ฿0.91 | x |
| 2012-12-31 | ฿0.47 | ฿0.91 | x |
| 2013-12-31 | ฿1.50 | ฿0.91 | x |
| 2014-12-31 | ฿0.99 | ฿0.91 | x |
| 2015-12-31 | ฿0.99 | ฿0.91 | x |
| 2016-12-31 | ฿0.89 | ฿0.91 | x |
| 2017-12-31 | ฿0.89 | ฿0.91 | x |
| 2018-12-31 | ฿0.66 | ฿0.91 | x |
| 2019-12-31 | ฿0.72 | ฿0.91 | x |
| 2020-12-31 | ฿0.79 | ฿0.91 | x |
| 2021-12-31 | ฿0.90 | ฿0.91 | x |
| 2022-12-31 | ฿0.93 | ฿0.91 | x |
| 2023-12-31 | ฿1.02 | ฿0.91 | x |
| 2024-12-31 | ฿1.14 | ฿0.91 | x |
| 2025-12-31 | ฿1.16 | ฿0.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ekarat Engineering 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): 11.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.87%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.29x
- Recent ROE (11.13%) is above the historical average (0.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 28.24% | 11.59% | 1.09x | 2.23x | ฿113.20 Million |
| 2006 | 11.17% | 8.18% | 0.86x | 1.59x | ฿14.39 Million |
| 2007 | 3.98% | 2.82% | 0.67x | 2.11x | ฿-72.29 Million |
| 2008 | -4.43% | -2.03% | 0.85x | 2.57x | ฿-154.93 Million |
| 2009 | -32.81% | -17.02% | 0.64x | 3.03x | ฿-320.71 Million |
| 2010 | -94.75% | -22.56% | 0.78x | 5.40x | ฿-402.99 Million |
| 2011 | -37.72% | -5.67% | 0.82x | 8.07x | ฿-133.31 Million |
| 2012 | 28.45% | 4.80% | 1.08x | 5.50x | ฿72.05 Million |
| 2013 | 39.13% | 25.58% | 0.93x | 1.64x | ฿375.37 Million |
| 2014 | 7.89% | 5.11% | 0.90x | 1.71x | ฿-27.92 Million |
| 2015 | 7.13% | 4.52% | 0.99x | 1.59x | ฿-38.05 Million |
| 2016 | -5.22% | -3.83% | 0.77x | 1.77x | ฿-181.27 Million |
| 2017 | 3.69% | 2.63% | 0.84x | 1.68x | ฿-75.79 Million |
| 2018 | -31.74% | -19.10% | 0.91x | 1.83x | ฿-367.75 Million |
| 2019 | 8.48% | 5.06% | 0.95x | 1.76x | ฿-14.84 Million |
| 2020 | 9.26% | 6.62% | 0.97x | 1.44x | ฿-7.82 Million |
| 2021 | 7.02% | 6.36% | 0.68x | 1.62x | ฿-38.18 Million |
| 2022 | 11.60% | 7.58% | 0.95x | 1.61x | ฿21.95 Million |
| 2023 | 14.75% | 9.65% | 1.02x | 1.50x | ฿71.03 Million |
| 2024 | 16.67% | 10.89% | 1.08x | 1.42x | ฿112.04 Million |
| 2025 | 11.13% | 9.87% | 0.88x | 1.29x | ฿19.27 Million |
Industry Comparison
This section compares Ekarat Engineering Public Company Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,107,500,171
- Average return on equity (ROE) among peers: 5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ekarat Engineering Public Company Limited (AKR) | ฿1.70 Billion | 28.24% | 0.29x | $23.80 Million |
| Thai Energy Storage Technology Public Company Limited (3K-BAT) | $1.98 Billion | -7.27% | 0.89x | $2.00 Million |
| Asian Insulators PCL (AI) | $3.41 Billion | 11.31% | 0.19x | $27.20 Million |
| Asefa Public Company Limited (ASEFA) | $612.24 Million | 18.56% | 1.82x | $13.26 Million |
| C.I. Group Public Company Limited (CIG) | $362.41 Million | -35.87% | 1.41x | $1.58 Million |
| Cpt Drives & Power Pcl (CPT) | $493.86 Million | 22.89% | 0.85x | $7.81 Million |
| Charoong Thai Wire and Cable Public Company Limited (CTW) | $4.05 Billion | 4.35% | 0.89x | $14.38 Million |
| Delta Electronics (Thailand) Public Company Limited (DELTA) | $13.93 Billion | 29.02% | 0.54x | $36.09 Billion |
| QTC Energy Public Company Limited (QTC) | $1.69 Billion | 9.31% | 0.14x | $14.48 Million |
| SCI Electric Public Company Limited (SCI) | $1.45 Billion | 0.11% | 1.17x | $7.53 Million |