Bangsaphan Barmill Public Company Limited (BSBM) - Net Assets
Based on the latest financial reports, Bangsaphan Barmill Public Company Limited (BSBM) has net assets worth ฿1.60 Billion THB (≈ $50.02 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 (฿1.62 Billion ≈ $50.59 Million USD) and total liabilities (฿18.33 Million ≈ $571.20K 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 Bangsaphan Barmill Public Company Limite tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.60 Billion |
| % of Total Assets | 98.87% |
| Annual Growth Rate | 1.77% |
| 5-Year Change | -14.93% |
| 10-Year Change | -17.43% |
| Growth Volatility | 13.36 |
Bangsaphan Barmill Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Bangsaphan Barmill Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Bangsaphan Barmill Public Company Limite liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bangsaphan Barmill Public Company Limited (2003–2025)
The table below shows the annual net assets of Bangsaphan Barmill Public Company Limited from 2003 to 2025. For live valuation and market cap data, see Bangsaphan Barmill Public Company Limite market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.60 Billion ≈ $50.02 Million |
-4.07% |
| 2024-12-31 | ฿1.67 Billion ≈ $52.14 Million |
-8.02% |
| 2023-12-31 | ฿1.82 Billion ≈ $56.68 Million |
-2.58% |
| 2022-12-31 | ฿1.87 Billion ≈ $58.18 Million |
-1.04% |
| 2021-12-31 | ฿1.89 Billion ≈ $58.79 Million |
-1.50% |
| 2020-12-31 | ฿1.92 Billion ≈ $59.69 Million |
+1.55% |
| 2019-12-31 | ฿1.89 Billion ≈ $58.78 Million |
-1.57% |
| 2018-12-31 | ฿1.92 Billion ≈ $59.72 Million |
-1.21% |
| 2017-12-31 | ฿1.94 Billion ≈ $60.45 Million |
-0.21% |
| 2016-12-31 | ฿1.94 Billion ≈ $60.57 Million |
+9.91% |
| 2015-12-31 | ฿1.77 Billion ≈ $55.11 Million |
-4.64% |
| 2014-12-31 | ฿1.85 Billion ≈ $57.79 Million |
-4.19% |
| 2013-12-31 | ฿1.94 Billion ≈ $60.32 Million |
+3.69% |
| 2012-12-31 | ฿1.87 Billion ≈ $58.17 Million |
-1.84% |
| 2011-12-31 | ฿1.90 Billion ≈ $59.27 Million |
-1.81% |
| 2010-12-31 | ฿1.94 Billion ≈ $60.36 Million |
-0.26% |
| 2009-12-31 | ฿1.94 Billion ≈ $60.52 Million |
+6.16% |
| 2008-12-31 | ฿1.83 Billion ≈ $57.01 Million |
-10.57% |
| 2007-12-31 | ฿2.05 Billion ≈ $63.74 Million |
-0.97% |
| 2006-12-31 | ฿2.07 Billion ≈ $64.37 Million |
-4.80% |
| 2005-12-31 | ฿2.17 Billion ≈ $67.62 Million |
+30.97% |
| 2004-12-31 | ฿1.66 Billion ≈ $51.63 Million |
+51.70% |
| 2003-12-31 | ฿1.09 Billion ≈ $34.03 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bangsaphan Barmill 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 393.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.86 Billion | 115.77% |
| Total Equity | ฿1.60 Billion | 100.00% |
Bangsaphan Barmill Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangsaphan Barmill Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VACCITECH (SP.ADR)/1
F:2AB
|
$20.62 Million |
|
Naos Emerging Opportunities Company Ltd
AU:NCC
|
$20.63 Million |
|
Pure Hydrogen Corporation Ltd
AU:PH2
|
$20.63 Million |
|
PIL ITALICA LIFESTYLE LIMITED
NSE:PILITA
|
$20.64 Million |
|
RIAS A/S
CO:RIAS-B
|
$20.59 Million |
|
Korporacja KGL S.A.
WAR:KGL
|
$20.58 Million |
|
Race Eco Chain Limited
NSE:RACE
|
$20.58 Million |
|
Initiator Pharma A/S
ST:INIT
|
$20.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangsaphan Barmill Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,672,698,329 to 1,604,632,088, a change of -68,066,241 (-4.1%).
- Net loss of 69,767,405 reduced equity.
- Other comprehensive income decreased equity by 113,250,000.
- Other factors increased equity by 114,951,164.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-69.77 Million | -4.35% |
| Other Comprehensive Income | ฿-113.25 Million | -7.06% |
| Other Changes | ฿114.95 Million | +7.16% |
| Total Change | ฿- | -4.07% |
Book Value vs Market Value Analysis
This analysis compares Bangsaphan Barmill 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: 0.41x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.82 | ฿0.59 | x |
| 2007-12-31 | ฿1.81 | ฿0.59 | x |
| 2008-12-31 | ฿1.63 | ฿0.59 | x |
| 2009-12-31 | ฿1.72 | ฿0.59 | x |
| 2010-12-31 | ฿1.77 | ฿0.59 | x |
| 2011-12-31 | ฿1.70 | ฿0.59 | x |
| 2012-12-31 | ฿1.61 | ฿0.59 | x |
| 2013-12-31 | ฿1.70 | ฿0.59 | x |
| 2014-12-31 | ฿1.93 | ฿0.59 | x |
| 2015-12-31 | ฿1.64 | ฿0.59 | x |
| 2016-12-31 | ฿1.74 | ฿0.59 | x |
| 2017-12-31 | ฿1.76 | ฿0.59 | x |
| 2018-12-31 | ฿1.74 | ฿0.59 | x |
| 2019-12-31 | ฿1.67 | ฿0.59 | x |
| 2020-12-31 | ฿1.71 | ฿0.59 | x |
| 2021-12-31 | ฿1.68 | ฿0.59 | x |
| 2022-12-31 | ฿1.66 | ฿0.59 | x |
| 2023-12-31 | ฿1.62 | ฿0.59 | x |
| 2024-12-31 | ฿1.50 | ฿0.59 | x |
| 2025-12-31 | ฿1.43 | ฿0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangsaphan Barmill 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): -4.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.74%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.01x
- Recent ROE (-4.35%) is below the historical average (11.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 148.44% | 38.77% | 1.55x | 2.47x | ฿1.51 Billion |
| 2004 | 34.43% | 8.95% | 1.53x | 2.51x | ฿404.70 Million |
| 2006 | 12.53% | 6.72% | 1.53x | 1.22x | ฿52.23 Million |
| 2007 | 7.88% | 9.07% | 0.60x | 1.44x | ฿-43.34 Million |
| 2008 | 6.76% | 4.42% | 1.29x | 1.19x | ฿-59.34 Million |
| 2009 | 5.80% | 6.20% | 0.79x | 1.18x | ฿-81.49 Million |
| 2010 | 7.92% | 8.38% | 0.71x | 1.33x | ฿-40.23 Million |
| 2011 | 5.31% | 5.15% | 0.96x | 1.07x | ฿-89.26 Million |
| 2012 | -0.66% | -0.51% | 1.14x | 1.13x | ฿-199.01 Million |
| 2013 | 5.31% | 3.89% | 1.13x | 1.21x | ฿-90.81 Million |
| 2014 | 0.52% | 0.50% | 1.02x | 1.02x | ฿-175.82 Million |
| 2015 | -4.87% | -4.19% | 1.01x | 1.15x | ฿-262.87 Million |
| 2016 | 13.80% | 10.89% | 1.22x | 1.04x | ฿73.76 Million |
| 2017 | 6.80% | 5.66% | 1.16x | 1.04x | ฿-62.05 Million |
| 2018 | 1.73% | 1.49% | 1.14x | 1.02x | ฿-158.48 Million |
| 2019 | 2.57% | 2.35% | 1.06x | 1.04x | ฿-140.04 Million |
| 2020 | 4.39% | 5.45% | 0.79x | 1.02x | ฿-107.49 Million |
| 2021 | 3.82% | 5.21% | 0.70x | 1.04x | ฿-116.51 Million |
| 2022 | 0.07% | 0.12% | 0.57x | 1.01x | ฿-185.40 Million |
| 2023 | -2.65% | -7.99% | 0.31x | 1.07x | ฿-230.00 Million |
| 2024 | -8.71% | -37.59% | 0.23x | 1.01x | ฿-313.04 Million |
| 2025 | -4.35% | -28.74% | 0.15x | 1.01x | ฿-230.23 Million |
Industry Comparison
This section compares Bangsaphan Barmill Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,378,429,082
- Average return on equity (ROE) among peers: 145.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangsaphan Barmill Public Company Limited (BSBM) | ฿1.60 Billion | 148.44% | 0.01x | $20.62 Million |
| 2S Metal Public Company Limited (2S) | $554.15 Million | 16.58% | 0.65x | $52.11 Million |
| Asia Metal Public Company Limited (AMC) | $802.44 Million | 10.04% | 1.03x | $32.02 Million |
| Capital Engineering Network Public Company Limited (CEN) | $113.00 Million | 1269.17% | 4.72x | $13.70 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $1.29 Billion | 1.98% | 1.95x | $33.91 Million |
| CSP Steel Center Public Company Limited (CSP) | $677.99 Million | -13.40% | 1.97x | $6.96 Million |
| G J Steel Public Company Limited (GJS) | $13.88 Billion | -11.52% | 0.49x | $103.27 Million |
| POSCO-Thainox Public Company Limited (INOX) | $9.21 Billion | 3.41% | 0.26x | $1.02 Billion |
| Lohakit Metal Public Company Limited (LHK) | $910.78 Million | 15.27% | 0.64x | $41.07 Million |
| M.C.S. Steel Public Company Limited (MCS) | $2.97 Billion | 14.04% | 0.36x | $112.99 Million |
About Bangsaphan Barmill Public Company Limited
Bangsaphan Barmill Public Company Limited engages in the manufacturing and distribution of deformed and round steel bars in Thailand. The company was incorporated in 1994 and is based in Bangkok, Thailand.