Bangkok Dec-Con Public Company Limited (BKD) - Net Assets
Based on the latest financial reports, Bangkok Dec-Con Public Company Limited (BKD) has net assets worth ฿1.56 Billion THB (≈ $48.75 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.00 Billion ≈ $62.33 Million USD) and total liabilities (฿435.60 Million ≈ $13.58 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 Bangkok Dec-Con Public Company Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.56 Billion |
| % of Total Assets | 78.22% |
| Annual Growth Rate | 14.55% |
| 5-Year Change | 16.81% |
| 10-Year Change | 102.5% |
| Growth Volatility | 21.58 |
Bangkok Dec-Con Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Bangkok Dec-Con Public Company Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Bangkok Dec-Con Public Company Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bangkok Dec-Con Public Company Limited (2011–2024)
The table below shows the annual net assets of Bangkok Dec-Con Public Company Limited from 2011 to 2024. For live valuation and market cap data, see market cap of Bangkok Dec-Con Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.57 Billion ≈ $48.92 Million |
+7.68% |
| 2023-12-31 | ฿1.46 Billion ≈ $45.43 Million |
-3.18% |
| 2022-12-31 | ฿1.51 Billion ≈ $46.92 Million |
+4.83% |
| 2021-12-31 | ฿1.44 Billion ≈ $44.76 Million |
+6.88% |
| 2020-12-31 | ฿1.34 Billion ≈ $41.88 Million |
-12.25% |
| 2019-12-31 | ฿1.53 Billion ≈ $47.72 Million |
-5.09% |
| 2018-12-31 | ฿1.61 Billion ≈ $50.28 Million |
+40.79% |
| 2017-12-31 | ฿1.15 Billion ≈ $35.72 Million |
-0.26% |
| 2016-12-31 | ฿1.15 Billion ≈ $35.81 Million |
+48.24% |
| 2015-12-31 | ฿774.98 Million ≈ $24.16 Million |
+24.13% |
| 2014-12-31 | ฿624.32 Million ≈ $19.46 Million |
+9.76% |
| 2013-12-31 | ฿568.82 Million ≈ $17.73 Million |
+33.40% |
| 2012-12-31 | ฿426.39 Million ≈ $13.29 Million |
+58.94% |
| 2011-12-31 | ฿268.28 Million ≈ $8.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bangkok Dec-Con 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 6101.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿186.05 Million | 11.86% |
| Common Stock | ฿538.11 Million | 34.29% |
| Other Comprehensive Income | ฿68.04 Million | 4.34% |
| Other Components | ฿777.17 Million | 49.52% |
| Total Equity | ฿1.57 Billion | 100.00% |
Bangkok Dec-Con Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Dec-Con Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Team Young Advanced Technology Co Ltd
TWO:5345
|
$36.91 Million |
|
Koss Corporation
NASDAQ:KOSS
|
$36.92 Million |
|
Vintcom Technology PCL
BK:VCOM
|
$36.94 Million |
|
Cho Bi
KO:001550
|
$36.94 Million |
|
Cipherlab Co Ltd
TWO:6160
|
$36.90 Million |
|
dMY Squared Technology Group Inc
NYSE MKT:DMYY
|
$36.88 Million |
|
Hyundai Engineering & Construction Co Ltd
KO:000725
|
$36.88 Million |
|
Cardlytics Inc
NASDAQ:CDLX
|
$36.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Dec-Con Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,457,489,292 to 1,569,361,363, a change of 111,872,071 (7.7%).
- Net income of 165,682,603 contributed positively to equity growth.
- Dividend payments of 53,810,532 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿165.68 Million | +10.56% |
| Dividends Paid | ฿53.81 Million | -3.43% |
| Total Change | ฿- | 7.68% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Dec-Con 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: 0.87x
- 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 1.61x to 0.87x 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 | ฿0.68 | ฿1.10 | x |
| 2013-12-31 | ฿0.84 | ฿1.10 | x |
| 2014-12-31 | ฿0.71 | ฿1.10 | x |
| 2015-12-31 | ฿0.86 | ฿1.10 | x |
| 2016-12-31 | ฿1.19 | ฿1.10 | x |
| 2017-12-31 | ฿1.16 | ฿1.10 | x |
| 2018-12-31 | ฿1.56 | ฿1.10 | x |
| 2019-12-31 | ฿1.42 | ฿1.10 | x |
| 2020-12-31 | ฿1.25 | ฿1.10 | x |
| 2021-12-31 | ฿1.33 | ฿1.10 | x |
| 2022-12-31 | ฿1.40 | ฿1.10 | x |
| 2023-12-31 | ฿1.35 | ฿1.10 | x |
| 2024-12-31 | ฿1.26 | ฿1.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Dec-Con 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): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.98%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.29x
- Recent ROE (10.56%) is below the historical average (11.31%), 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 | 37.08% | 16.77% | 1.48x | 1.50x | ฿115.48 Million |
| 2013 | 2.60% | 2.47% | 0.85x | 1.24x | ฿-42.09 Million |
| 2014 | 15.12% | 10.76% | 1.08x | 1.30x | ฿31.96 Million |
| 2015 | 20.52% | 13.87% | 1.08x | 1.36x | ฿81.56 Million |
| 2016 | 6.87% | 5.82% | 0.80x | 1.48x | ฿-35.95 Million |
| 2017 | 29.01% | 22.96% | 0.85x | 1.48x | ฿217.78 Million |
| 2018 | 10.56% | 14.66% | 0.56x | 1.29x | ฿9.10 Million |
| 2019 | 5.59% | 11.45% | 0.39x | 1.24x | ฿-67.45 Million |
| 2020 | -6.69% | -20.56% | 0.26x | 1.23x | ฿-224.18 Million |
| 2021 | 6.44% | 21.12% | 0.23x | 1.30x | ฿-51.17 Million |
| 2022 | 8.22% | 16.02% | 0.40x | 1.28x | ฿-26.81 Million |
| 2023 | 1.15% | 2.02% | 0.41x | 1.39x | ฿-128.99 Million |
| 2024 | 10.56% | 14.98% | 0.54x | 1.29x | ฿8.75 Million |
Industry Comparison
This section compares Bangkok Dec-Con Public Company Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $2,032,065,588
- Average return on equity (ROE) among peers: 7.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Dec-Con Public Company Limited (BKD) | ฿1.56 Billion | 37.08% | 0.28x | $36.90 Million |
| East Coast Furnitech Public Company Limited (ECF) | $162.82 Million | 18.57% | 4.41x | $2.00 Million |
| Fancy Wood Industries Public Company Limited (FANCY) | $1.52 Billion | 16.74% | 0.09x | $6.13 Million |
| Home Pottery Public Company Limited (HPT) | $318.50 Million | 7.42% | 0.18x | $6.81 Million |
| Masterkool International Public Company Limited (KOOL) | $190.47 Million | -1.85% | 1.75x | $20.55 Million |
| Kang Yong Electric Public Company Limited (KYE) | $9.37 Billion | 7.87% | 0.19x | $190.08 Million |
| Modernform Group Public Company Limited (MODERN) | $2.11 Billion | 13.28% | 0.40x | $42.92 Million |
| Ocean Glass Public Company Limited (OGC) | $1.69 Billion | 5.58% | 0.79x | $5.98 Million |
| Rockworth Public Company Limited (ROCK) | $463.19 Million | 3.93% | 0.65x | $6.08 Million |
| Siam Steel International Public Company Limited (SIAM) | $2.47 Billion | -2.39% | 0.13x | $14.05 Million |
About Bangkok Dec-Con Public Company Limited
Bangkok Dec-Con Public Company Limited manufactures, trades in, and interior decorates furniture in Thailand and internationally. The company provides its products and services to condominiums, hotels, office buildings, department stores, universities, hospitals, and government buildings. The company was founded in 1985 and is based in Bang Bua Thong, Thailand.