ASN Broker Public Company Limited
ASN Broker Public Company Limited, together with its subsidiaries, provides insurance brokerage services in Thailand. The company operates through three segments: Insurance Broker, Loan, and Peer-to-Peer Lending Platform Service. It offers non-life insurance, life, and disaster insurance broker services; lending services through the peer-to-peer lending platform; hire-purchase loan services; vehi… Read more
ASN Broker Public Company Limited (ASN) - Net Assets
Latest net assets as of September 2025: ฿289.07 Million THB
Based on the latest financial reports, ASN Broker Public Company Limited (ASN) has net assets worth ฿289.07 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿554.49 Million) and total liabilities (฿265.42 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 | ฿289.07 Million |
| % of Total Assets | 52.13% |
| Annual Growth Rate | 26.83% |
| 5-Year Change | -0.28% |
| 10-Year Change | 362.61% |
| Growth Volatility | 89.04 |
ASN Broker Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how ASN Broker 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 ASN Broker Public Company Limited (2012–2024)
The table below shows the annual net assets of ASN Broker Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿291.49 Million | -0.80% |
| 2023-12-31 | ฿293.83 Million | -1.02% |
| 2022-12-31 | ฿296.85 Million | -2.79% |
| 2021-12-31 | ฿305.38 Million | +4.47% |
| 2020-12-31 | ฿292.31 Million | +3.34% |
| 2019-12-31 | ฿282.85 Million | +11.66% |
| 2018-12-31 | ฿253.31 Million | +5.91% |
| 2017-12-31 | ฿239.18 Million | -5.85% |
| 2016-12-31 | ฿254.03 Million | +303.17% |
| 2015-12-31 | ฿63.01 Million | +139.27% |
| 2014-12-31 | ฿26.33 Million | -12.74% |
| 2013-12-31 | ฿30.18 Million | +79.45% |
| 2012-12-31 | ฿16.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ASN Broker 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 104.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿30.32 Million | 10.40% |
| Common Stock | ฿93.60 Million | 32.11% |
| Other Comprehensive Income | ฿8.56 Million | 2.94% |
| Other Components | ฿159.01 Million | 54.55% |
| Total Equity | ฿291.49 Million | 100.00% |
ASN Broker Public Company Limited Competitors by Market Cap
The table below lists competitors of ASN Broker Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Strive, Inc. Variable Rate Series A Perpetual Preferred Stock
NYSE:SATA
|
$939.62K |
|
CKALF
PINK:CKALF
|
$939.80K |
|
International Prospect Ventures Ltd
PINK:URANF
|
$939.82K |
|
MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock
NASDAQ:STRC
|
$940.02K |
|
Top KingWin Ltd
NASDAQ:WAI
|
$939.57K |
|
Bernard Loisea
PA:ALDBL
|
$939.55K |
|
CAMECO - Dusseldorf Stock Exchang
DU:CJ6
|
$939.22K |
|
Newpeak Metals Ltd
AU:NPM
|
$939.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASN Broker Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,832,569 to 291,486,553, a change of -2,346,016 (-0.8%).
- Net loss of 2,039,353 reduced equity.
- Dividend payments of 1,200 reduced retained earnings.
- Other comprehensive income increased equity by 528,819.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-2.04 Million | -0.7% |
| Dividends Paid | ฿1.20K | -0.0% |
| Other Comprehensive Income | ฿528.82K | +0.18% |
| Other Changes | ฿-834.28K | -0.29% |
| Total Change | ฿- | -0.80% |
Book Value vs Market Value Analysis
This analysis compares ASN Broker 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: 0.44x
- 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 0.24x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿2.92 | ฿0.69 | x |
| 2013-12-31 | ฿5.24 | ฿0.69 | x |
| 2014-12-31 | ฿4.16 | ฿0.69 | x |
| 2015-12-31 | ฿0.34 | ฿0.69 | x |
| 2016-12-31 | ฿1.47 | ฿0.69 | x |
| 2017-12-31 | ฿1.33 | ฿0.69 | x |
| 2018-12-31 | ฿1.13 | ฿0.69 | x |
| 2019-12-31 | ฿1.05 | ฿0.69 | x |
| 2020-12-31 | ฿1.30 | ฿0.69 | x |
| 2021-12-31 | ฿1.63 | ฿0.69 | x |
| 2022-12-31 | ฿1.59 | ฿0.69 | x |
| 2023-12-31 | ฿1.57 | ฿0.69 | x |
| 2024-12-31 | ฿1.56 | ฿0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASN Broker 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): -0.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.21%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.91x
- Recent ROE (-0.70%) is below the historical average (22.48%), 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 | 48.91% | 8.07% | 1.97x | 3.08x | ฿6.54 Million |
| 2013 | 68.66% | 14.01% | 2.09x | 2.34x | ฿17.70 Million |
| 2014 | 89.44% | 13.99% | 2.17x | 2.95x | ฿19.06 Million |
| 2015 | 39.07% | 15.63% | 1.48x | 1.68x | ฿18.32 Million |
| 2016 | 10.96% | 17.24% | 0.56x | 1.14x | ฿2.43 Million |
| 2017 | 3.65% | 6.53% | 0.49x | 1.14x | ฿-15.18 Million |
| 2018 | 8.73% | 16.16% | 0.47x | 1.14x | ฿-3.20 Million |
| 2019 | 10.80% | 19.26% | 0.49x | 1.15x | ฿2.26 Million |
| 2020 | 5.01% | 10.33% | 0.36x | 1.33x | ฿-14.57 Million |
| 2021 | 5.33% | 11.34% | 0.24x | 1.96x | ฿-14.26 Million |
| 2022 | 1.74% | 3.52% | 0.26x | 1.92x | ฿-24.52 Million |
| 2023 | 0.67% | 1.23% | 0.29x | 1.90x | ฿-27.40 Million |
| 2024 | -0.70% | -1.21% | 0.30x | 1.91x | ฿-31.19 Million |
Industry Comparison
This section compares ASN Broker Public Company Limited's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $3,274,073,793
- Average return on equity (ROE) among peers: 24.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASN Broker Public Company Limited (ASN) | ฿289.07 Million | 48.91% | 0.92x | $939.58K |
| TQM CORPORATION (TQM-R) | $3.27 Billion | 24.93% | 0.67x | $65.07 Million |