ASN Broker Public Company Limited (ASN) - Net Assets

Latest as of March 2026: ฿293.50 Million THB ≈ $9.15 Million USD

Based on the latest financial reports, ASN Broker Public Company Limited (ASN) has net assets worth ฿293.50 Million THB (≈ $9.15 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿524.67 Million ≈ $16.35 Million USD) and total liabilities (฿231.16 Million ≈ $7.21 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 ASN tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿293.50 Million
% of Total Assets	55.94%
Annual Growth Rate	24.54%
5-Year Change	-4.49%
10-Year Change	14.81%
Growth Volatility	86.33

ASN Broker Public Company Limited - Net Assets Trend (2012–2025)

This chart illustrates how ASN Broker Public Company Limited's net assets have evolved over time, based on quarterly financial data. See ASN days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ASN Broker Public Company Limited (2012–2025)

The table below shows the annual net assets of ASN Broker Public Company Limited from 2012 to 2025. For live valuation and market cap data, see ASN Broker Public Company Limited market capitalisation.

Year	Net Assets	Change
2025-12-31	฿291.65 Million ≈ $9.09 Million	+0.06%
2024-12-31	฿291.49 Million ≈ $9.09 Million	-0.80%
2023-12-31	฿293.83 Million ≈ $9.16 Million	-1.02%
2022-12-31	฿296.85 Million ≈ $9.25 Million	-2.79%
2021-12-31	฿305.38 Million ≈ $9.52 Million	+4.47%
2020-12-31	฿292.31 Million ≈ $9.11 Million	+3.34%
2019-12-31	฿282.85 Million ≈ $8.82 Million	+11.66%
2018-12-31	฿253.31 Million ≈ $7.90 Million	+5.91%
2017-12-31	฿239.18 Million ≈ $7.46 Million	-5.85%
2016-12-31	฿254.03 Million ≈ $7.92 Million	+303.17%
2015-12-31	฿63.01 Million ≈ $1.96 Million	+139.27%
2014-12-31	฿26.33 Million ≈ $820.81K	-12.74%
2013-12-31	฿30.18 Million ≈ $940.67K	+79.45%
2012-12-31	฿16.82 Million ≈ $524.20K	--

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 105.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿30.46 Million	10.44%
Common Stock	฿93.60 Million	32.09%
Other Comprehensive Income	฿8.58 Million	2.94%
Other Components	฿159.01 Million	54.52%
Total Equity	฿291.65 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
Fintec Global Bhd KLSE:0150	$4.38 Million
NEWLOX GOLD VENTURES F:NGO	$4.38 Million
Amatheon Agri Holding NV PA:MLAAH	$4.39 Million
G Capital Public Company Limited BK:GCAP	$4.39 Million
NanoVibronix Inc NASDAQ:NAOV	$4.37 Million
Fairchild Gold Corp V:FAIR	$4.37 Million
Epsium Enterprise Limited Ordinary Shares NASDAQ:EPSM	$4.37 Million
Vsolar Group Bhd KLSE:0066	$4.37 Million

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 2024 to 2025, total equity changed from 291,486,553 to 291,654,599, a change of 168,046 (0.1%).
Net income of 168,046 contributed positively to equity growth.
Other comprehensive income increased equity by 21,181.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿168.05K	+0.06%
Other Comprehensive Income	฿21.18K	+0.01%
Other Changes	฿-21.18K	-0.01%
Total Change	฿-	0.06%

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: 0.48x
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 0.26x to 0.48x 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	฿0.75	x
2013-12-31	฿5.24	฿0.75	x
2014-12-31	฿4.16	฿0.75	x
2015-12-31	฿0.34	฿0.75	x
2016-12-31	฿1.47	฿0.75	x
2017-12-31	฿1.33	฿0.75	x
2018-12-31	฿1.13	฿0.75	x
2019-12-31	฿1.64	฿0.75	x
2020-12-31	฿1.30	฿0.75	x
2021-12-31	฿1.63	฿0.75	x
2022-12-31	฿1.59	฿0.75	x
2023-12-31	฿1.57	฿0.75	x
2024-12-31	฿1.56	฿0.75	x
2025-12-31	฿1.56	฿0.75	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): 0.06%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.11%
• Asset Turnover: 0.28x
• Equity Multiplier: 1.94x
Recent ROE (0.06%) is below the historical average (20.88%), 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%	15.30%	1.52x	1.68x	฿18.32 Million
2016	10.96%	16.93%	0.57x	1.14x	฿2.43 Million
2017	3.65%	6.27%	0.51x	1.14x	฿-15.18 Million
2018	8.73%	16.00%	0.48x	1.14x	฿-3.20 Million
2019	10.80%	19.14%	0.49x	1.15x	฿2.26 Million
2020	5.01%	10.06%	0.37x	1.33x	฿-14.57 Million
2021	5.33%	10.87%	0.25x	1.96x	฿-14.26 Million
2022	1.74%	3.40%	0.27x	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
2025	0.06%	0.11%	0.28x	1.94x	฿-29.00 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)	฿293.50 Million	48.91%	0.79x	$4.38 Million
TQM CORPORATION (TQM-R)	$3.27 Billion	24.93%	0.67x	$260.95 Million

About ASN Broker Public Company Limited

BK:ASN Thailand Insurance Brokers

Market Cap

$4.38 Million

฿140.40 Million THB

Market Cap Rank

#28818 Global

#621 in Thailand

Share Price

฿0.75

Change (1 day)

-1.32%

52-Week Range

฿0.64 - ฿1.44

All Time High

฿28.68