Asian Sea Corporation Public Company Limited

BK:ASIAN Thailand Packaged Foods
Market Cap
$166.29 Million
฿5.77 Billion THB
Market Cap Rank
#21251 Global
#229 in Thailand
Share Price
฿7.10
Change (1 day)
+0.71%
52-Week Range
฿6.65 - ฿8.25
All Time High
฿18.47
Categories
Companies in Thailand Packaged Foods
About

Asian Sea Corporation Public Company Limited, together with its subsidiaries, engages in the production and distribution of processed frozen seafood. The company operates through three segments: Frozen and Packaged Food Products, Feedstuff, and Other Business. It offers wet pet food products, such as soups, salads, fish and meat dishes, mousse, and pate; frozen food, including shrimp, squid, Sill… Read more

Asian Sea Corporation Public Company Limited (ASIAN) - Net Assets

Latest net assets as of September 2025: ฿7.61 Billion THB

Based on the latest financial reports, Asian Sea Corporation Public Company Limited (ASIAN) has net assets worth ฿7.61 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿8.85 Billion) and total liabilities (฿1.24 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 ฿7.61 Billion
% of Total Assets 86.04%
Annual Growth Rate 10.65%
5-Year Change 129.51%
10-Year Change 297.85%
Growth Volatility 20.52

Asian Sea Corporation Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Asian Sea Corporation 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 Asian Sea Corporation Public Company Limited (2000–2024)

The table below shows the annual net assets of Asian Sea Corporation Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿8.03 Billion +4.12%
2023-12-31 ฿7.71 Billion -1.49%
2022-12-31 ฿7.83 Billion +93.55%
2021-12-31 ฿4.04 Billion +15.61%
2020-12-31 ฿3.50 Billion +24.47%
2019-12-31 ฿2.81 Billion +1.63%
2018-12-31 ฿2.77 Billion +8.92%
2017-12-31 ฿2.54 Billion +14.48%
2016-12-31 ฿2.22 Billion +9.89%
2015-12-31 ฿2.02 Billion +9.46%
2014-12-31 ฿1.84 Billion -4.18%
2013-12-31 ฿1.92 Billion -11.42%
2012-12-31 ฿2.17 Billion +11.32%
2011-12-31 ฿1.95 Billion +22.93%
2010-12-31 ฿1.59 Billion 0.00%
2009-12-31 ฿1.59 Billion +7.69%
2008-12-31 ฿1.47 Billion +26.22%
2007-12-31 ฿1.17 Billion -21.53%
2006-12-31 ฿1.49 Billion +22.01%
2005-12-31 ฿1.22 Billion +5.49%
2004-12-31 ฿1.16 Billion +19.35%
2003-12-31 ฿968.66 Million +14.84%
2002-12-31 ฿843.49 Million -1.83%
2001-12-31 ฿859.25 Million +21.53%
2000-12-31 ฿707.03 Million --

Equity Component Analysis

This analysis shows how different components contribute to Asian Sea Corporation 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 974.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿2.51 Billion 38.62%
Common Stock ฿814.09 Million 12.54%
Other Comprehensive Income ฿792.59 Million 12.21%
Other Components ฿2.38 Billion 36.63%
Total Equity ฿6.49 Billion 100.00%

Asian Sea Corporation Public Company Limited Competitors by Market Cap

The table below lists competitors of Asian Sea Corporation Public Company Limited ranked by their market capitalization.

Company Market Cap
Selena FM S.A.
WAR:SEL
 		$49.87 Million
Senzime AB
ST:SEZI
 		$49.92 Million
Scana ASA
OL:SCANA
 		$49.95 Million
Pulse Seismic Inc
OTCQX:PLSDF
 		$49.96 Million
Emak S.p.A
F:EK4
 		$49.85 Million
United Purification Technology Co., Ltd.
TWO:6977
 		$49.85 Million
DP Cap Acquisition I Corp
NASDAQ:DPCS
 		$49.84 Million
Daemyoung Energy Co Ltd
KQ:389260
 		$49.84 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 6,247,672,218 to 6,493,681,107, a change of 246,008,889 (3.9%).
  • Net income of 848,397,124 contributed positively to equity growth.
  • Dividend payments of 814,124,267 reduced retained earnings.
  • Other comprehensive income increased equity by 47,919,002.
  • Other factors increased equity by 163,817,030.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿848.40 Million +13.06%
Dividends Paid ฿814.12 Million -12.54%
Other Comprehensive Income ฿47.92 Million +0.74%
Other Changes ฿163.82 Million +2.52%
Total Change ฿- 3.94%

Book Value vs Market Value Analysis

This analysis compares Asian Sea Corporation 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: 0.89x
  • 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 decreased from 4.52x to 0.89x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 ฿1.57 ฿7.10 x
2001-12-31 ฿1.91 ฿7.10 x
2002-12-31 ฿1.80 ฿7.10 x
2003-12-31 ฿1.80 ฿7.10 x
2004-12-31 ฿1.67 ฿7.10 x
2005-12-31 ฿1.71 ฿7.10 x
2006-12-31 ฿1.77 ฿7.10 x
2007-12-31 ฿1.43 ฿7.10 x
2008-12-31 ฿1.81 ฿7.10 x
2009-12-31 ฿1.95 ฿7.10 x
2010-12-31 ฿1.95 ฿7.10 x
2011-12-31 ฿2.41 ฿7.10 x
2012-12-31 ฿2.67 ฿7.10 x
2013-12-31 ฿2.36 ฿7.10 x
2014-12-31 ฿2.26 ฿7.10 x
2015-12-31 ฿2.46 ฿7.10 x
2016-12-31 ฿2.72 ฿7.10 x
2017-12-31 ฿3.12 ฿7.10 x
2018-12-31 ฿3.40 ฿7.10 x
2019-12-31 ฿3.45 ฿7.10 x
2020-12-31 ฿4.30 ฿7.10 x
2021-12-31 ฿4.97 ฿7.10 x
2022-12-31 ฿7.76 ฿7.10 x
2023-12-31 ฿7.67 ฿7.10 x
2024-12-31 ฿7.96 ฿7.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asian Sea Corporation 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): 13.06%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.87%
  • • Asset Turnover: 1.17x
  • • Equity Multiplier: 1.42x
  • Recent ROE (13.06%) is above the historical average (9.03%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 15.10% 2.65% 2.39x 2.38x ฿36.08 Million
2001 17.72% 3.41% 2.71x 1.92x ฿66.29 Million
2002 10.71% 2.26% 2.50x 1.90x ฿5.96 Million
2003 20.38% 3.88% 2.94x 1.79x ฿100.57 Million
2004 17.18% 4.08% 2.22x 1.90x ฿83.05 Million
2005 13.59% 3.11% 2.08x 2.10x ฿43.80 Million
2006 1.50% 0.28% 1.74x 3.05x ฿-126.49 Million
2007 -38.64% -5.83% 1.70x 3.90x ฿-567.92 Million
2008 20.78% 3.71% 1.71x 3.27x ฿158.84 Million
2009 7.14% 1.14% 2.14x 2.94x ฿-45.40 Million
2010 11.69% 1.82% 2.19x 2.94x ฿26.89 Million
2011 11.78% 2.19% 1.80x 2.99x ฿34.77 Million
2012 1.29% 0.27% 1.47x 3.22x ฿-189.26 Million
2013 -10.33% -2.13% 1.42x 3.41x ฿-391.10 Million
2014 -7.02% -1.66% 1.30x 3.26x ฿-313.70 Million
2015 9.05% 2.30% 1.29x 3.06x ฿-19.16 Million
2016 6.97% 1.68% 1.46x 2.85x ฿-67.11 Million
2017 16.47% 4.29% 1.43x 2.68x ฿164.16 Million
2018 13.10% 3.75% 1.48x 2.37x ฿85.72 Million
2019 4.72% 1.62% 1.41x 2.07x ฿-148.33 Million
2020 23.39% 9.46% 1.39x 1.78x ฿468.26 Million
2021 25.82% 11.01% 1.29x 1.82x ฿639.92 Million
2022 15.49% 8.77% 1.12x 1.57x ฿346.91 Million
2023 4.84% 3.16% 1.06x 1.44x ฿-322.25 Million
2024 13.06% 7.87% 1.17x 1.42x ฿199.03 Million

Industry Comparison

This section compares Asian Sea Corporation Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

  • Industry: Packaged Foods
  • Average net assets among peers: $1,549,383,178
  • Average return on equity (ROE) among peers: 10.88%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Asian Sea Corporation Public Company Limited (ASIAN) ฿7.61 Billion 15.10% 0.16x $49.87 Million
Asian Alliance International PCL (AAI) $4.88 Billion 7.84% 0.15x $43.65 Million
ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) $237.14 Million 5.48% 0.40x $9.36 Million
Bioscience Animal Health PCL (BIS) $790.50 Million 6.41% 0.55x $4.82 Million
Seafresh Industry Public Company Limited (CFRESH) $2.07 Billion 0.95% 1.32x $8.09 Million
Chin Huay PCL (CH) $1.37 Billion 9.31% 0.40x $13.66 Million
CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) $597.83 Million 27.03% 0.46x $12.59 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) $1.39 Billion 14.18% 0.11x $3.48 Million
Chiangmai Frozen Foods Public Company Limited (CM) $1.37 Billion 7.17% 0.11x $6.08 Million
Thai Coconut Public Company Limited (COCOCO) $1.24 Billion 19.55% 1.47x $49.18 Million