BJC Heavy Industries Public Company Limited (BJCHI) - Net Assets
Based on the latest financial reports, BJC Heavy Industries Public Company Limited (BJCHI) has net assets worth ฿3.06 Billion THB (≈ $95.42 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.34 Billion ≈ $103.99 Million USD) and total liabilities (฿274.97 Million ≈ $8.57 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 how tangible is BJC Heavy Industries Public Company Limi's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.06 Billion |
| % of Total Assets | 91.76% |
| Annual Growth Rate | 13.4% |
| 5-Year Change | -9.24% |
| 10-Year Change | -35.34% |
| Growth Volatility | 64.66 |
BJC Heavy Industries Public Company Limited - Net Assets Trend (2009–2025)
This chart illustrates how BJC Heavy Industries Public Company Limited's net assets have evolved over time, based on quarterly financial data. See BJC Heavy Industries Public Company Limi defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for BJC Heavy Industries Public Company Limited (2009–2025)
The table below shows the annual net assets of BJC Heavy Industries Public Company Limited from 2009 to 2025. For live valuation and market cap data, see BJC Heavy Industries Public Company Limi market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿3.06 Billion ≈ $95.42 Million |
-5.04% |
| 2024-12-31 | ฿3.22 Billion ≈ $100.49 Million |
-4.64% |
| 2023-12-31 | ฿3.38 Billion ≈ $105.37 Million |
-3.35% |
| 2022-12-31 | ฿3.50 Billion ≈ $109.03 Million |
+3.70% |
| 2021-12-31 | ฿3.37 Billion ≈ $105.14 Million |
+3.29% |
| 2020-12-31 | ฿3.27 Billion ≈ $101.79 Million |
-10.95% |
| 2019-12-31 | ฿3.67 Billion ≈ $114.31 Million |
-3.19% |
| 2018-12-31 | ฿3.79 Billion ≈ $118.08 Million |
-5.75% |
| 2017-12-31 | ฿4.02 Billion ≈ $125.28 Million |
-15.11% |
| 2016-12-31 | ฿4.74 Billion ≈ $147.59 Million |
-15.82% |
| 2015-12-31 | ฿5.63 Billion ≈ $175.33 Million |
+21.60% |
| 2014-12-31 | ฿4.63 Billion ≈ $144.18 Million |
+5.33% |
| 2013-12-31 | ฿4.39 Billion ≈ $136.89 Million |
+238.08% |
| 2012-12-31 | ฿1.30 Billion ≈ $40.49 Million |
+130.63% |
| 2011-12-31 | ฿563.24 Million ≈ $17.56 Million |
+13.23% |
| 2010-12-31 | ฿497.45 Million ≈ $15.51 Million |
+21.47% |
| 2009-12-31 | ฿409.52 Million ≈ $12.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BJC Heavy Industries 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 39.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿381.91 Million | 12.47% |
| Other Components | ฿2.68 Billion | 87.53% |
| Total Equity | ฿3.06 Billion | 100.00% |
BJC Heavy Industries Public Company Limited Competitors by Market Cap
The table below lists competitors of BJC Heavy Industries Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Choice Development Inc
TW:9929
|
$40.52 Million |
|
HARMONEY CORP. LTD
F:6DR
|
$40.54 Million |
|
Venus Metals Corporation Ltd
AU:VMC
|
$40.54 Million |
|
Bestec Power Electronics Co Ltd
TW:3308
|
$40.55 Million |
|
Westport Fuel Systems Inc
TO:WPRT
|
$40.52 Million |
|
ENDURANCE MOTIVE EO -02
F:7VB
|
$40.50 Million |
|
Zaklady Magnezytowe Ropczyce S.A.
WAR:RPC
|
$40.50 Million |
|
Inbest Prime VI Inmuebles Socimi SA
MC:YINB6
|
$40.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BJC Heavy Industries Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,223,890,089 to 3,061,469,607, a change of -162,420,482 (-5.0%).
- Net loss of 166,903,727 reduced equity.
- Other comprehensive income decreased equity by 40,745,553.
- Other factors increased equity by 45,228,798.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-166.90 Million | -5.45% |
| Other Comprehensive Income | ฿-40.75 Million | -1.33% |
| Other Changes | ฿45.23 Million | +1.48% |
| Total Change | ฿- | -5.04% |
Book Value vs Market Value Analysis
This analysis compares BJC Heavy Industries 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: 0.43x
- 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 0.81x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.01 | ฿0.82 | x |
| 2013-12-31 | ฿0.90 | ฿0.82 | x |
| 2014-12-31 | ฿2.89 | ฿0.82 | x |
| 2015-12-31 | ฿3.52 | ฿0.82 | x |
| 2016-12-31 | ฿2.96 | ฿0.82 | x |
| 2017-12-31 | ฿2.51 | ฿0.82 | x |
| 2018-12-31 | ฿2.37 | ฿0.82 | x |
| 2019-12-31 | ฿2.29 | ฿0.82 | x |
| 2020-12-31 | ฿2.05 | ฿0.82 | x |
| 2021-12-31 | ฿2.11 | ฿0.82 | x |
| 2022-12-31 | ฿2.19 | ฿0.82 | x |
| 2023-12-31 | ฿2.11 | ฿0.82 | x |
| 2024-12-31 | ฿2.02 | ฿0.82 | x |
| 2025-12-31 | ฿1.93 | ฿0.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BJC Heavy Industries 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): -5.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.96%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.09x
- Recent ROE (-5.45%) is below the historical average (8.44%), 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 | 61.03% | 21.94% | 1.92x | 1.45x | ฿662.89 Million |
| 2013 | 27.47% | 30.85% | 0.81x | 1.10x | ฿767.13 Million |
| 2014 | 21.70% | 22.20% | 0.85x | 1.15x | ฿541.09 Million |
| 2015 | 23.47% | 23.53% | 0.82x | 1.22x | ฿757.68 Million |
| 2016 | 2.37% | 2.16% | 1.01x | 1.09x | ฿-361.10 Million |
| 2017 | -13.03% | -34.85% | 0.36x | 1.05x | ฿-925.82 Million |
| 2018 | -6.10% | -25.43% | 0.23x | 1.03x | ฿-610.04 Million |
| 2019 | 1.29% | 2.34% | 0.46x | 1.20x | ฿-319.52 Million |
| 2020 | -5.94% | -9.87% | 0.51x | 1.17x | ฿-520.50 Million |
| 2021 | 4.61% | 11.59% | 0.35x | 1.14x | ฿-181.95 Million |
| 2022 | 5.43% | 7.00% | 0.60x | 1.29x | ฿-160.01 Million |
| 2023 | 2.21% | 2.14% | 0.83x | 1.25x | ฿-263.36 Million |
| 2024 | -0.87% | -2.15% | 0.37x | 1.09x | ฿-350.51 Million |
| 2025 | -5.45% | -22.96% | 0.22x | 1.09x | ฿-473.05 Million |
Industry Comparison
This section compares BJC Heavy Industries Public Company Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,075,412,587
- Average return on equity (ROE) among peers: -37.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BJC Heavy Industries Public Company Limited (BJCHI) | ฿3.06 Billion | 61.03% | 0.09x | $40.52 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $684.07 Million | 6.48% | 0.31x | $20.98 Million |
| BT Wealth Industries Public Company Limited (BTW) | $277.16 Million | -277.64% | 1.79x | $1.41 Million |
| City Steel Public Company Limited (CITY) | $716.34 Million | 16.32% | 0.07x | $10.94 Million |
| Fine Metal Technologies Public Company Limited (FMT) | $1.25 Billion | 19.69% | 1.61x | $28.58 Million |
| K.C. Metalsheet Public Company Limited (KCM) | $430.65 Million | -3.08% | 0.43x | $5.30 Million |
| STP&I Public Company Limited (STPI) | $3.10 Billion | 12.89% | 0.14x | $310.68 Million |
About BJC Heavy Industries Public Company Limited
BJC Heavy Industries Public Company Limited manufactures and sells fabricated steel and equipment and provides modularization services in Thailand and internationally. It operates through Contract Revenues and Service Income segments. The company fabricates steel into various steel structures by cutting, bending, welding, and assembling structural steel, steel pipes, and components for use in pip… Read more