Business Alignment Public Company Limited
Business Alignment Public Company Limited sells medical equipment in Thailand. It operates through two segments, Sales of medical equipment and Hospital operations. The company is also involved in medical equipment installation and related activities, such as building construction for locating medical equipment; provision of repair and maintenance; and medical equipment efficiency increasing serv… Read more
Business Alignment Public Company Limited (BIZ) - Net Assets
Latest net assets as of December 2025: ฿1.04 Billion THB
Based on the latest financial reports, Business Alignment Public Company Limited (BIZ) has net assets worth ฿1.04 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.98 Billion) and total liabilities (฿934.33 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 | ฿1.04 Billion |
| % of Total Assets | 52.78% |
| Annual Growth Rate | 15.9% |
| 5-Year Change | 24.14% |
| 10-Year Change | 104.3% |
| Growth Volatility | 31.87 |
Business Alignment Public Company Limited - Net Assets Trend (2012–2025)
This chart illustrates how Business Alignment 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 Business Alignment Public Company Limited (2012–2025)
The table below shows the annual net assets of Business Alignment Public Company Limited from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.04 Billion | +10.22% |
| 2024-12-31 | ฿947.40 Million | +5.01% |
| 2023-12-31 | ฿902.24 Million | +9.94% |
| 2022-12-31 | ฿820.63 Million | -2.44% |
| 2021-12-31 | ฿841.14 Million | +46.41% |
| 2020-12-31 | ฿574.51 Million | -10.84% |
| 2019-12-31 | ฿644.38 Million | +2.33% |
| 2018-12-31 | ฿629.68 Million | +22.81% |
| 2017-12-31 | ฿512.73 Million | +0.31% |
| 2016-12-31 | ฿511.12 Million | +113.58% |
| 2015-12-31 | ฿239.31 Million | +3.15% |
| 2014-12-31 | ฿232.01 Million | +4.18% |
| 2013-12-31 | ฿222.69 Million | +45.25% |
| 2012-12-31 | ฿153.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Business Alignment 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 179.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿422.28 Million | 43.38% |
| Other Components | ฿551.16 Million | 56.62% |
| Total Equity | ฿973.45 Million | 100.00% |
Business Alignment Public Company Limited Competitors by Market Cap
The table below lists competitors of Business Alignment Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WooDeumGee Farm Co., Ltd
KQ:403490
|
$24.47 Million |
|
Samsung Publis
KO:068290
|
$24.47 Million |
|
HILONG HOLDING LTD HD-10
F:8HL
|
$24.47 Million |
|
Grey Wolf Animal Health Corp.
V:WOLF
|
$24.48 Million |
|
Uniform Industrial Corp
TW:2482
|
$24.47 Million |
|
India Globalization Capital Inc
NYSE MKT:IGC
|
$24.46 Million |
|
Genoray Co. Ltd
KQ:122310
|
$24.43 Million |
|
Nanoveu Ltd
AU:NVU
|
$24.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Business Alignment Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 878,303,219 to 973,445,811, a change of 95,142,592 (10.8%).
- Net income of 305,569,590 contributed positively to equity growth.
- Dividend payments of 210,250,456 reduced retained earnings.
- Other comprehensive income decreased equity by 33,000,000.
- Other factors increased equity by 32,823,458.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿305.57 Million | +31.39% |
| Dividends Paid | ฿210.25 Million | -21.6% |
| Other Comprehensive Income | ฿-33.00 Million | -3.39% |
| Other Changes | ฿32.82 Million | +3.37% |
| Total Change | ฿- | 10.83% |
Book Value vs Market Value Analysis
This analysis compares Business Alignment 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: 2.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.18x to 2.81x 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 | ฿25.55 | ฿4.56 | x |
| 2013-12-31 | ฿37.11 | ฿4.56 | x |
| 2014-12-31 | ฿15.47 | ฿4.56 | x |
| 2015-12-31 | ฿15.95 | ฿4.56 | x |
| 2016-12-31 | ฿1.11 | ฿4.56 | x |
| 2017-12-31 | ฿0.85 | ฿4.56 | x |
| 2018-12-31 | ฿0.94 | ฿4.56 | x |
| 2019-12-31 | ฿0.98 | ฿4.56 | x |
| 2020-12-31 | ฿0.89 | ฿4.56 | x |
| 2021-12-31 | ฿1.32 | ฿4.56 | x |
| 2022-12-31 | ฿1.23 | ฿4.56 | x |
| 2023-12-31 | ฿1.39 | ฿4.56 | x |
| 2024-12-31 | ฿1.41 | ฿4.56 | x |
| 2025-12-31 | ฿1.62 | ฿4.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Business Alignment 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): 31.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.10%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.03x
- Recent ROE (31.39%) is above the historical average (24.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 62.17% | 10.88% | 1.89x | 3.02x | ฿79.98 Million |
| 2013 | 40.14% | 10.15% | 0.96x | 4.13x | ฿67.11 Million |
| 2014 | 19.96% | 5.35% | 3.60x | 1.04x | ฿23.12 Million |
| 2015 | 8.69% | 6.70% | 0.83x | 1.56x | ฿-3.14 Million |
| 2016 | 13.74% | 9.52% | 1.17x | 1.23x | ฿19.12 Million |
| 2017 | 8.02% | 6.67% | 0.80x | 1.50x | ฿-10.13 Million |
| 2018 | 14.34% | 12.24% | 0.70x | 1.68x | ฿24.41 Million |
| 2019 | 15.57% | 12.62% | 0.44x | 2.82x | ฿32.74 Million |
| 2020 | 5.55% | 3.91% | 0.37x | 3.82x | ฿-23.66 Million |
| 2021 | 52.97% | 14.39% | 1.62x | 2.28x | ฿340.98 Million |
| 2022 | 17.73% | 10.89% | 0.87x | 1.87x | ฿58.15 Million |
| 2023 | 24.12% | 11.91% | 1.14x | 1.77x | ฿117.78 Million |
| 2024 | 25.53% | 13.08% | 1.06x | 1.85x | ฿136.36 Million |
| 2025 | 31.39% | 15.10% | 1.02x | 2.03x | ฿208.23 Million |
Industry Comparison
This section compares Business Alignment Public Company Limited's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $1,962,751,630
- Average return on equity (ROE) among peers: 10.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Business Alignment Public Company Limited (BIZ) | ฿1.04 Billion | 62.17% | 0.89x | $24.47 Million |
| Namwiwat Medical (NAM) | $1.96 Billion | 10.23% | 0.20x | $8.82 Million |