Bangkok Sheet Metal Public Company Limited (BM) - Net Assets
Based on the latest financial reports, Bangkok Sheet Metal Public Company Limited (BM) has net assets worth ฿901.94 Million THB (≈ $28.11 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.70 Billion ≈ $52.95 Million USD) and total liabilities (฿796.76 Million ≈ $24.83 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 Bangkok Sheet Metal Public Company Limit tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿901.94 Million |
| % of Total Assets | 53.1% |
| Annual Growth Rate | 15.35% |
| 5-Year Change | 12.4% |
| 10-Year Change | 58.85% |
| Growth Volatility | 25.28 |
Bangkok Sheet Metal Public Company Limited - Net Assets Trend (2012–2025)
This chart illustrates how Bangkok Sheet Metal Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Bangkok Sheet Metal Public Company Limit liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bangkok Sheet Metal Public Company Limited (2012–2025)
The table below shows the annual net assets of Bangkok Sheet Metal Public Company Limited from 2012 to 2025. For live valuation and market cap data, see BM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿881.39 Million ≈ $27.47 Million |
-1.09% |
| 2024-12-31 | ฿891.13 Million ≈ $27.78 Million |
-3.97% |
| 2023-12-31 | ฿927.97 Million ≈ $28.92 Million |
+6.91% |
| 2022-12-31 | ฿867.95 Million ≈ $27.05 Million |
+10.69% |
| 2021-12-31 | ฿784.13 Million ≈ $24.44 Million |
+10.05% |
| 2020-12-31 | ฿712.55 Million ≈ $22.21 Million |
+2.97% |
| 2019-12-31 | ฿691.97 Million ≈ $21.57 Million |
+0.09% |
| 2018-12-31 | ฿691.32 Million ≈ $21.55 Million |
+1.06% |
| 2017-12-31 | ฿684.07 Million ≈ $21.32 Million |
+23.29% |
| 2016-12-31 | ฿554.85 Million ≈ $17.29 Million |
+96.01% |
| 2015-12-31 | ฿283.08 Million ≈ $8.82 Million |
+25.14% |
| 2014-12-31 | ฿226.20 Million ≈ $7.05 Million |
+25.07% |
| 2013-12-31 | ฿180.86 Million ≈ $5.64 Million |
+31.30% |
| 2012-12-31 | ฿137.74 Million ≈ $4.29 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bangkok Sheet Metal 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 decreased by 126.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿351.07 Million | 39.86% |
| Other Comprehensive Income | ฿207.77 Million | 23.59% |
| Other Components | ฿330.10 Million | 37.48% |
| Total Equity | ฿880.65 Million | 100.00% |
Bangkok Sheet Metal Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Sheet Metal Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai Film Industries Public Company Limited
BK:TFI
|
$20.98 Million |
|
Pantera Silver Corp
V:PNTR
|
$20.98 Million |
|
Orion Digital Corp.
NASDAQ:ORIO
|
$20.99 Million |
|
Hua Yang Bhd
KLSE:5062
|
$20.99 Million |
|
FIREBIRD METALS LTD
F:7Y2
|
$20.97 Million |
|
Getabec Public Company Limited
BK:GTB
|
$20.95 Million |
|
Research Frontiers Incorporated
NASDAQ:REFR
|
$20.92 Million |
|
Swoop Holdings Ltd
AU:SWP
|
$20.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Sheet Metal Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 890,445,265 to 880,649,112, a change of -9,796,153 (-1.1%).
- Net income of 78,306,368 contributed positively to equity growth.
- Dividend payments of 102,064,551 reduced retained earnings.
- Share repurchases of 36,188,186 reduced equity.
- Other comprehensive income increased equity by 39,478,254.
- Other factors increased equity by 10,671,962.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿78.31 Million | +8.89% |
| Dividends Paid | ฿102.06 Million | -11.59% |
| Share Repurchases | ฿36.19 Million | -4.11% |
| Other Comprehensive Income | ฿39.48 Million | +4.48% |
| Other Changes | ฿10.67 Million | +1.21% |
| Total Change | ฿- | -1.10% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Sheet Metal 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: 0.74x
- 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 1.37x to 0.74x 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 | ฿0.76 | ฿1.04 | x |
| 2013-12-31 | ฿0.99 | ฿1.04 | x |
| 2014-12-31 | ฿1.24 | ฿1.04 | x |
| 2015-12-31 | ฿0.94 | ฿1.04 | x |
| 2016-12-31 | ฿1.53 | ฿1.04 | x |
| 2017-12-31 | ฿1.69 | ฿1.04 | x |
| 2018-12-31 | ฿1.57 | ฿1.04 | x |
| 2019-12-31 | ฿1.57 | ฿1.04 | x |
| 2020-12-31 | ฿1.62 | ฿1.04 | x |
| 2021-12-31 | ฿1.48 | ฿1.04 | x |
| 2022-12-31 | ฿1.64 | ฿1.04 | x |
| 2023-12-31 | ฿1.70 | ฿1.04 | x |
| 2024-12-31 | ฿1.32 | ฿1.04 | x |
| 2025-12-31 | ฿1.41 | ฿1.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Sheet Metal 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): 8.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.25%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.80x
- Recent ROE (8.89%) is below the historical average (11.20%), 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 | 11.68% | 2.37% | 1.34x | 3.67x | ฿2.31 Million |
| 2013 | 29.05% | 6.23% | 1.59x | 2.94x | ฿34.45 Million |
| 2014 | 20.04% | 6.49% | 1.10x | 2.81x | ฿22.72 Million |
| 2015 | 23.92% | 8.44% | 1.25x | 2.26x | ฿39.39 Million |
| 2016 | 10.71% | 7.02% | 1.02x | 1.50x | ฿3.93 Million |
| 2017 | 6.48% | 5.26% | 0.94x | 1.31x | ฿-24.10 Million |
| 2018 | 3.57% | 2.50% | 0.91x | 1.57x | ฿-44.46 Million |
| 2019 | 5.20% | 3.97% | 0.82x | 1.61x | ฿-33.19 Million |
| 2020 | 7.89% | 5.65% | 0.77x | 1.81x | ฿-15.06 Million |
| 2021 | 9.44% | 6.60% | 0.84x | 1.71x | ฿-4.38 Million |
| 2022 | 6.35% | 4.27% | 0.90x | 1.64x | ฿-31.71 Million |
| 2023 | 4.33% | 2.83% | 0.87x | 1.77x | ฿-52.58 Million |
| 2024 | 9.29% | 5.29% | 0.99x | 1.78x | ฿-6.28 Million |
| 2025 | 8.89% | 5.25% | 0.94x | 1.80x | ฿-9.76 Million |
Industry Comparison
This section compares Bangkok Sheet Metal 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: $1,693,363,906
- Average return on equity (ROE) among peers: -34.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Sheet Metal Public Company Limited (BM) | ฿901.94 Million | 11.68% | 0.88x | $20.98 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $4.39 Billion | 27.47% | 0.10x | $40.52 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 Bangkok Sheet Metal Public Company Limited
Bangkok Sheet Metal Public Company Limited, together with its subsidiaries, manufactures and distributes metal forming products in Thailand and internationally. The company offers metal trunking and white conduit products; communication racks, cabinets, and enclosures; electrical switchboards and lighting fixtures; fabrication and metalworking products; mold and die making products, and machine t… Read more