BANGKOK COMMERCIAL ASSE-NVDR
Bangkok Commercial Asset Management Public Company Limited operates as an asset management company in Thailand. It operates through Non-Performing Loans (NPLs); and Non-Performing Assets (NPAs) and Investments in Securities segments. The company purchases or transfers NPLs and NPAs for management or for further disposal or transfer. It also acquires and transfers NPLs from financial institutions … Read more
BANGKOK COMMERCIAL ASSE-NVDR (BAM-R) - Net Assets
Latest net assets as of September 2024: ฿43.70 Billion THB
Based on the latest financial reports, BANGKOK COMMERCIAL ASSE-NVDR (BAM-R) has net assets worth ฿43.70 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿139.90 Billion) and total liabilities (฿96.20 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 | ฿43.70 Billion |
| % of Total Assets | 31.24% |
| Annual Growth Rate | 3.45% |
| 5-Year Change | 17.71% |
| 10-Year Change | 37.78% |
| Growth Volatility | 8.89 |
BANGKOK COMMERCIAL ASSE-NVDR - Net Assets Trend (2013–2023)
This chart illustrates how BANGKOK COMMERCIAL ASSE-NVDR's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BANGKOK COMMERCIAL ASSE-NVDR (2013–2023)
The table below shows the annual net assets of BANGKOK COMMERCIAL ASSE-NVDR from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿43.63 Billion | -0.18% |
| 2022-12-31 | ฿43.71 Billion | +2.23% |
| 2021-12-31 | ฿42.76 Billion | +2.29% |
| 2020-12-31 | ฿41.80 Billion | +12.76% |
| 2019-12-31 | ฿37.07 Billion | -11.43% |
| 2018-12-31 | ฿41.85 Billion | +1.92% |
| 2017-12-31 | ฿41.06 Billion | +1.32% |
| 2016-12-31 | ฿40.52 Billion | +2.52% |
| 2015-12-31 | ฿39.53 Billion | +24.82% |
| 2014-12-31 | ฿31.67 Billion | +1.89% |
| 2013-12-31 | ฿31.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BANGKOK COMMERCIAL ASSE-NVDR'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 11.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿19.56 Billion | 44.82% |
| Common Stock | ฿16.16 Billion | 37.04% |
| Other Comprehensive Income | ฿1.87 Billion | 4.28% |
| Other Components | ฿6.04 Billion | 13.85% |
| Total Equity | ฿43.63 Billion | 100.00% |
BANGKOK COMMERCIAL ASSE-NVDR Competitors by Market Cap
The table below lists competitors of BANGKOK COMMERCIAL ASSE-NVDR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vulcan Energy Resources Limited
PINK:VULNF
|
$424.48 Million |
|
Natural Gas Services Group Inc
NYSE:NGS
|
$424.60 Million |
|
Nam Long Investment Corp
VN:NLG
|
$424.66 Million |
|
Diamond Hill Investment Group Inc
NASDAQ:DHIL
|
$424.75 Million |
|
KNNCF
PINK:KNNCF
|
$424.36 Million |
|
PRA Group Inc
NASDAQ:PRAA
|
$424.34 Million |
|
Dongguan Kingsun Optoelectronic Co Ltd
SHE:002638
|
$424.31 Million |
|
Raisecom Technology Co Ltd
SHG:603803
|
$424.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BANGKOK COMMERCIAL ASSE-NVDR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 43,708,015,000 to 43,629,203,000, a change of -78,812,000 (-0.2%).
- Net income of 1,534,496,000 contributed positively to equity growth.
- Dividend payments of 1,777,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 246,282,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.53 Billion | +3.52% |
| Dividends Paid | ฿1.78 Billion | -4.07% |
| Other Comprehensive Income | ฿246.28 Million | +0.56% |
| Other Changes | ฿-81.99 Million | -0.19% |
| Total Change | ฿- | -0.18% |
Book Value vs Market Value Analysis
This analysis compares BANGKOK COMMERCIAL ASSE-NVDR'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: 0.63x
- 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 0.74x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿11.36 | ฿8.40 | x |
| 2014-12-31 | ฿11.58 | ฿8.40 | x |
| 2015-12-31 | ฿14.45 | ฿8.40 | x |
| 2016-12-31 | ฿14.82 | ฿8.40 | x |
| 2017-12-31 | ฿15.01 | ฿8.40 | x |
| 2018-12-31 | ฿15.30 | ฿8.40 | x |
| 2019-12-31 | ฿13.48 | ฿8.40 | x |
| 2020-12-31 | ฿12.97 | ฿8.40 | x |
| 2021-12-31 | ฿13.23 | ฿8.40 | x |
| 2022-12-31 | ฿13.52 | ฿8.40 | x |
| 2023-12-31 | ฿13.36 | ฿8.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BANGKOK COMMERCIAL ASSE-NVDR 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): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.21%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 3.15x
- Recent ROE (3.52%) is below the historical average (11.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 21.77% | 104.75% | 0.09x | 2.41x | ฿3.66 Billion |
| 2014 | 14.51% | 105.89% | 0.05x | 2.57x | ฿1.43 Billion |
| 2015 | 16.89% | 106.66% | 0.07x | 2.17x | ฿2.72 Billion |
| 2016 | 12.10% | 79.11% | 0.07x | 2.31x | ฿851.34 Million |
| 2017 | 10.96% | 79.16% | 0.06x | 2.43x | ฿394.88 Million |
| 2018 | 12.43% | 79.85% | 0.06x | 2.57x | ฿1.02 Billion |
| 2019 | 17.67% | 71.28% | 0.08x | 3.12x | ฿2.84 Billion |
| 2020 | 4.40% | 17.80% | 0.08x | 3.16x | ฿-2.34 Billion |
| 2021 | 6.08% | 25.37% | 0.08x | 2.94x | ฿-1.68 Billion |
| 2022 | 6.23% | 27.06% | 0.08x | 3.04x | ฿-1.65 Billion |
| 2023 | 3.52% | 57.21% | 0.02x | 3.15x | ฿-2.83 Billion |
Industry Comparison
This section compares BANGKOK COMMERCIAL ASSE-NVDR's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,331,905,972
- Average return on equity (ROE) among peers: 10.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BANGKOK COMMERCIAL ASSE-NVDR (BAM-R) | ฿43.70 Billion | 21.77% | 2.20x | $424.43 Million |
| Finansa Public Company Limited (FNS) | $2.81 Billion | 7.96% | 0.45x | $3.75 Million |
| Knight Club Capital Asset Management PCL (KCC) | $408.90 Million | 12.00% | 0.75x | $8.44 Million |
| MFC Asset Management Public Company Limited (MFC) | $1.19 Billion | 15.90% | 0.42x | $23.33 Million |
| Thai Industrial Fund 1 (TIF1) | $923.26 Million | 5.78% | 0.04x | $1.93K |