Asefa Public Company Limited (ASEFA) - Net Assets

Latest as of December 2025: ฿2.02 Billion THB ≈ $62.83 Million USD

Based on the latest financial reports, Asefa Public Company Limited (ASEFA) has net assets worth ฿2.02 Billion THB (≈ $62.83 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.44 Billion ≈ $138.47 Million USD) and total liabilities (฿2.43 Billion ≈ $75.64 Million 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. Check Asefa Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿2.02 Billion
% of Total Assets	45.38%
Annual Growth Rate	15.14%
5-Year Change	25.04%
10-Year Change	41.89%
Growth Volatility	27.89

Asefa Public Company Limited - Net Assets Trend (2011–2025)

This chart illustrates how Asefa Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Asefa Public Company Limited asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Asefa Public Company Limited (2011–2025)

The table below shows the annual net assets of Asefa Public Company Limited from 2011 to 2025. For live valuation and market cap data, see ASEFA market cap.

Year	Net Assets	Change
2025-12-31	฿2.02 Billion ≈ $62.83 Million	+7.31%
2024-12-31	฿1.88 Billion ≈ $58.55 Million	+19.00%
2023-12-31	฿1.58 Billion ≈ $49.20 Million	-0.32%
2022-12-31	฿1.58 Billion ≈ $49.36 Million	-1.76%
2021-12-31	฿1.61 Billion ≈ $50.25 Million	-1.80%
2020-12-31	฿1.64 Billion ≈ $51.17 Million	+5.67%
2019-12-31	฿1.55 Billion ≈ $48.42 Million	-3.04%
2018-12-31	฿1.60 Billion ≈ $49.94 Million	+6.85%
2017-12-31	฿1.50 Billion ≈ $46.74 Million	+5.55%
2016-12-31	฿1.42 Billion ≈ $44.29 Million	+13.11%
2015-12-31	฿1.26 Billion ≈ $39.15 Million	+105.16%
2014-12-31	฿612.24 Million ≈ $19.08 Million	+9.76%
2013-12-31	฿557.82 Million ≈ $17.39 Million	+44.05%
2012-12-31	฿387.24 Million ≈ $12.07 Million	+38.33%
2011-12-31	฿279.94 Million ≈ $8.73 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Asefa 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 465.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿657.65 Million	33.16%
Other Components	฿1.33 Billion	66.84%
Total Equity	฿1.98 Billion	100.00%

Asefa Public Company Limited Competitors by Market Cap

The table below lists competitors of Asefa Public Company Limited ranked by their market capitalization.

Company	Market Cap
Helio SA WAR:HEL	$67.36 Million
TECO Image Systems Co Ltd TWO:5438	$67.36 Million
Fuzetec Technology Co Ltd TWO:6642	$67.40 Million
Wiable Corp KQ:065530	$67.43 Million
Saint Jean Groupe Société anonyme PA:SABE	$67.33 Million
Stabilis Solutions Inc NASDAQ:SLNG	$67.32 Million
Algoltek Inc TWO:6684	$67.32 Million
Boustead Heavy Industries KLSE:8133	$67.29 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Asefa Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,905,960,424 to 1,982,974,418, a change of 77,013,994 (4.0%).
Net income of 219,217,577 contributed positively to equity growth.
Dividend payments of 73,779,958 reduced retained earnings.
Share repurchases of 43,231,188 reduced equity.
Other comprehensive income decreased equity by 114,856,846.
Other factors increased equity by 89,664,409.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿219.22 Million	+11.05%
Dividends Paid	฿73.78 Million	-3.72%
Share Repurchases	฿43.23 Million	-2.18%
Other Comprehensive Income	฿-114.86 Million	-5.79%
Other Changes	฿89.66 Million	+4.52%
Total Change	฿-	4.04%

Book Value vs Market Value Analysis

This analysis compares Asefa 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: 1.09x
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 1.73x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿2.42	฿4.18	x
2013-12-31	฿3.35	฿4.18	x
2014-12-31	฿1.11	฿4.18	x
2015-12-31	฿2.72	฿4.18	x
2016-12-31	฿2.60	฿4.18	x
2017-12-31	฿2.74	฿4.18	x
2018-12-31	฿2.93	฿4.18	x
2019-12-31	฿2.86	฿4.18	x
2020-12-31	฿3.03	฿4.18	x
2021-12-31	฿3.00	฿4.18	x
2022-12-31	฿2.95	฿4.18	x
2023-12-31	฿3.00	฿4.18	x
2024-12-31	฿3.60	฿4.18	x
2025-12-31	฿3.84	฿4.18	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asefa 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): 11.05%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.63%
• Asset Turnover: 0.74x
• Equity Multiplier: 2.24x
Recent ROE (11.05%) is below the historical average (15.77%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	36.19%	6.79%	1.55x	3.45x	฿101.41 Million
2013	32.66%	8.61%	1.22x	3.12x	฿126.42 Million
2014	18.58%	6.71%	0.98x	2.82x	฿52.48 Million
2015	16.45%	8.11%	1.13x	1.80x	฿81.10 Million
2016	20.13%	10.30%	1.24x	1.57x	฿145.06 Million
2017	16.81%	9.02%	1.20x	1.55x	฿102.62 Million
2018	17.66%	9.44%	1.19x	1.58x	฿123.66 Million
2019	9.13%	5.63%	1.19x	1.36x	฿-13.71 Million
2020	13.15%	8.13%	1.09x	1.49x	฿52.28 Million
2021	8.45%	5.32%	1.05x	1.51x	฿-25.33 Million
2022	6.42%	3.34%	1.06x	1.81x	฿-57.73 Million
2023	10.47%	4.90%	1.03x	2.07x	฿7.53 Million
2024	3.69%	2.24%	0.91x	1.81x	฿-120.20 Million
2025	11.05%	6.63%	0.74x	2.24x	฿20.92 Million

Industry Comparison

This section compares Asefa 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: $2,706,694,782
Average return on equity (ROE) among peers: 8.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asefa Public Company Limited (ASEFA)	฿2.02 Billion	36.19%	1.20x	$67.34 Million
Asian Insulators PCL (AI)	$1.57 Billion	15.28%	0.68x	$63.71 Million
Ekarat Engineering Public Company Limited (AKR)	$390.49 Million	28.45%	4.50x	$43.13 Million
C.I. Group Public Company Limited (CIG)	$616.69 Million	-17.22%	1.60x	$2.33 Million
Cpt Drives & Power Pcl (CPT)	$444.53 Million	19.24%	0.77x	$32.54 Million
Charoong Thai Wire and Cable Public Company Limited (CTW)	$1.98 Billion	0.00%	0.48x	$44.65 Million
Delta Electronics (Thailand) Public Company Limited (DELTA)	$15.95 Billion	24.23%	0.56x	$122.86 Billion
QTC Energy Public Company Limited (QTC)	$1.74 Billion	7.33%	0.14x	$34.45 Million
SCI Electric Public Company Limited (SCI)	$1.45 Billion	0.11%	1.17x	$22.68 Million
Teera-Mongkol Industry Public Company Limited (TMI)	$232.93 Million	3.12%	2.05x	$10.46 Million

About Asefa Public Company Limited

BK:ASEFA Thailand Electrical Equipment & Parts

Market Cap

$67.34 Million

฿2.16 Billion THB

Market Cap Rank

#20720 Global

#325 in Thailand

Share Price

฿4.18

Change (1 day)

-1.42%

52-Week Range

฿3.12 - ฿4.24

All Time High

฿5.62