Bangkok Expressway and Metro Public Company Limited (BEM) - Net Assets
Based on the latest financial reports, Bangkok Expressway and Metro Public Company Limited (BEM) has net assets worth ฿37.00 Billion THB (≈ $1.15 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿160.51 Billion ≈ $5.00 Billion USD) and total liabilities (฿123.51 Billion ≈ $3.85 Billion 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 BEM financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿37.00 Billion |
| % of Total Assets | 23.05% |
| Annual Growth Rate | 4.24% |
| 5-Year Change | -1.84% |
| 10-Year Change | 24.24% |
| Growth Volatility | 168.25 |
Bangkok Expressway and Metro Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Bangkok Expressway and Metro Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Bangkok Expressway and Metro Public Comp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Bangkok Expressway and Metro Public Company Limited (2000–2025)
The table below shows the annual net assets of Bangkok Expressway and Metro Public Company Limited from 2000 to 2025. For live valuation and market cap data, see how much is Bangkok Expressway and Metro Public Comp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿37.00 Billion ≈ $1.15 Billion |
+1.21% |
| 2024-12-31 | ฿36.56 Billion ≈ $1.14 Billion |
-2.93% |
| 2023-12-31 | ฿37.66 Billion ≈ $1.17 Billion |
+1.08% |
| 2022-12-31 | ฿37.26 Billion ≈ $1.16 Billion |
-1.15% |
| 2021-12-31 | ฿37.70 Billion ≈ $1.18 Billion |
-0.88% |
| 2020-12-31 | ฿38.03 Billion ≈ $1.19 Billion |
-2.03% |
| 2019-12-31 | ฿38.82 Billion ≈ $1.21 Billion |
+9.02% |
| 2018-12-31 | ฿35.61 Billion ≈ $1.11 Billion |
+14.22% |
| 2017-12-31 | ฿31.18 Billion ≈ $971.83 Million |
+4.69% |
| 2016-12-31 | ฿29.78 Billion ≈ $928.30 Million |
+2.24% |
| 2015-12-31 | ฿29.13 Billion ≈ $907.96 Million |
+250.88% |
| 2014-12-31 | ฿8.30 Billion ≈ $258.76 Million |
-5.19% |
| 2013-12-31 | ฿8.76 Billion ≈ $272.92 Million |
+815.25% |
| 2012-12-31 | ฿956.69 Million ≈ $29.82 Million |
-50.61% |
| 2011-12-31 | ฿1.94 Billion ≈ $60.38 Million |
-37.40% |
| 2010-12-31 | ฿3.09 Billion ≈ $96.46 Million |
-26.63% |
| 2009-12-31 | ฿4.22 Billion ≈ $131.46 Million |
-23.41% |
| 2008-12-31 | ฿5.51 Billion ≈ $171.65 Million |
-20.97% |
| 2007-12-31 | ฿6.97 Billion ≈ $217.18 Million |
-17.43% |
| 2006-12-31 | ฿8.44 Billion ≈ $263.03 Million |
+55.78% |
| 2005-12-31 | ฿5.42 Billion ≈ $168.85 Million |
-19.39% |
| 2004-12-31 | ฿6.72 Billion ≈ $209.47 Million |
-54.00% |
| 2003-12-31 | ฿14.61 Billion ≈ $455.33 Million |
+3.40% |
| 2002-12-31 | ฿14.13 Billion ≈ $440.35 Million |
+2.17% |
| 2001-12-31 | ฿13.83 Billion ≈ $430.98 Million |
+5.50% |
| 2000-12-31 | ฿13.11 Billion ≈ $408.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bangkok Expressway and Metro 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 3819.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿18.88 Billion | 51.04% |
| Other Components | ฿18.12 Billion | 48.96% |
| Total Equity | ฿37.00 Billion | 100.00% |
Bangkok Expressway and Metro Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Expressway and Metro Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WeRide Inc. American Depositary Shares
NASDAQ:WRD
|
$2.48 Billion |
|
Shenzhen Suntak Circuit Technology Co Ltd
SHE:002815
|
$2.48 Billion |
|
Clas Ohlson AB (publ)
ST:CLAS-B
|
$2.48 Billion |
|
Hangzhou Robam Appliances Co Ltd
SHE:002508
|
$2.48 Billion |
|
Infleqtion, Inc.
NYSE:INFQ
|
$2.47 Billion |
|
Silicon Motion Technology Corporation
F:S9M
|
$2.47 Billion |
|
Wuxi Nce Power Co Ltd
SHG:605111
|
$2.47 Billion |
|
Woolworths Holdings Ltd
JSE:WHL
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Expressway and Metro Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,558,553,086 to 37,001,470,789, a change of 442,917,703 (1.2%).
- Net income of 3,780,809,937 contributed positively to equity growth.
- Dividend payments of 2,246,681,475 reduced retained earnings.
- Other comprehensive income decreased equity by 3,980,192,698.
- Other factors increased equity by 2,888,981,939.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.78 Billion | +10.22% |
| Dividends Paid | ฿2.25 Billion | -6.07% |
| Other Comprehensive Income | ฿-3.98 Billion | -10.76% |
| Other Changes | ฿2.89 Billion | +7.81% |
| Total Change | ฿- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Expressway and Metro 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: 2.15x
- 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 2.40x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿2.20 | ฿5.30 | x |
| 2005-12-31 | ฿1.70 | ฿5.30 | x |
| 2006-12-31 | ฿2.20 | ฿5.30 | x |
| 2007-12-31 | ฿1.34 | ฿5.30 | x |
| 2008-12-31 | ฿1.07 | ฿5.30 | x |
| 2009-12-31 | ฿0.80 | ฿5.30 | x |
| 2010-12-31 | ฿0.57 | ฿5.30 | x |
| 2011-12-31 | ฿0.38 | ฿5.30 | x |
| 2012-12-31 | ฿0.17 | ฿5.30 | x |
| 2013-12-31 | ฿1.01 | ฿5.30 | x |
| 2014-12-31 | ฿3.04 | ฿5.30 | x |
| 2015-12-31 | ฿4.52 | ฿5.30 | x |
| 2016-12-31 | ฿1.94 | ฿5.30 | x |
| 2017-12-31 | ฿2.03 | ฿5.30 | x |
| 2018-12-31 | ฿2.34 | ฿5.30 | x |
| 2019-12-31 | ฿2.54 | ฿5.30 | x |
| 2020-12-31 | ฿2.49 | ฿5.30 | x |
| 2021-12-31 | ฿2.47 | ฿5.30 | x |
| 2022-12-31 | ฿2.44 | ฿5.30 | x |
| 2023-12-31 | ฿2.49 | ฿5.30 | x |
| 2024-12-31 | ฿2.43 | ฿5.30 | x |
| 2025-12-31 | ฿2.47 | ฿5.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Expressway and Metro 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): 10.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.35%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.34x
- Recent ROE (10.22%) is above the historical average (-9.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.31% | 3.11% | 0.10x | 4.07x | ฿-1.14 Billion |
| 2001 | 6.32% | 14.71% | 0.11x | 3.78x | ฿-508.33 Million |
| 2002 | 6.22% | 13.82% | 0.12x | 3.63x | ฿-534.72 Million |
| 2003 | 8.45% | 19.94% | 0.12x | 3.40x | ฿-225.94 Million |
| 2004 | -14.29% | -214.68% | 0.02x | 2.88x | ฿-1.63 Billion |
| 2005 | -31.72% | -164.05% | 0.05x | 3.65x | ฿-2.26 Billion |
| 2006 | -19.84% | -119.33% | 0.07x | 2.52x | ฿-2.51 Billion |
| 2007 | -21.27% | -102.05% | 0.07x | 2.84x | ฿-2.17 Billion |
| 2008 | -26.46% | -92.29% | 0.08x | 3.48x | ฿-2.01 Billion |
| 2009 | -32.19% | -80.00% | 0.09x | 4.55x | ฿-1.75 Billion |
| 2010 | -36.74% | -64.92% | 0.09x | 6.13x | ฿-1.42 Billion |
| 2011 | -61.51% | -60.76% | 0.10x | 9.84x | ฿-1.34 Billion |
| 2012 | -109.55% | -43.21% | 0.12x | 20.44x | ฿-1.07 Billion |
| 2013 | -8.91% | -30.62% | 0.12x | 2.34x | ฿-1.64 Billion |
| 2014 | -5.61% | -16.96% | 0.15x | 2.25x | ฿-1.28 Billion |
| 2015 | 9.12% | 22.57% | 0.15x | 2.69x | ฿-254.62 Million |
| 2016 | 8.78% | 19.89% | 0.16x | 2.79x | ฿-363.07 Million |
| 2017 | 10.05% | 20.61% | 0.15x | 3.18x | ฿16.31 Million |
| 2018 | 14.98% | 34.05% | 0.15x | 2.92x | ฿1.77 Billion |
| 2019 | 14.01% | 33.74% | 0.14x | 2.88x | ฿1.56 Billion |
| 2020 | 5.40% | 15.21% | 0.12x | 2.99x | ฿-1.75 Billion |
| 2021 | 2.68% | 9.42% | 0.09x | 3.05x | ฿-2.76 Billion |
| 2022 | 6.54% | 17.36% | 0.12x | 3.06x | ฿-1.29 Billion |
| 2023 | 9.24% | 21.24% | 0.15x | 2.99x | ฿-287.61 Million |
| 2024 | 10.31% | 22.16% | 0.13x | 3.63x | ฿112.15 Million |
| 2025 | 10.22% | 22.35% | 0.11x | 4.34x | ฿80.66 Million |
Industry Comparison
This section compares Bangkok Expressway and Metro Public Company Limited's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $-14,230,116,774
- Average return on equity (ROE) among peers: 5.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Expressway and Metro Public Company Limited (BEM) | ฿37.00 Billion | 1.31% | 3.34x | $2.47 Billion |
| ATP 30 Public Company Limited (ATP30) | $71.08 Million | 11.31% | 3.84x | $17.01 Million |
| BTS Group Holdings Public Company Limited (BTS) | $-28.53 Billion | 0.00% | 0.00x | $1.04 Billion |
About Bangkok Expressway and Metro Public Company Limited
Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, provides transportation services in Thailand. It operates through four segments: Expressway Business, Rail Business, Commercial Development Business, and Others. The company engages in the construction, operation, and management of expressways; and operation of rapid rail transit systems. It is also involved in t… Read more