BTS Group Holdings Public Company Limited (BTS) - Net Assets
Based on the latest financial reports, BTS Group Holdings Public Company Limited (BTS) has net assets worth ฿104.10 Billion THB (≈ $3.24 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿327.08 Billion ≈ $10.19 Billion USD) and total liabilities (฿222.99 Billion ≈ $6.95 Billion 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 financial resilience of BTS Group Holdings Public Company Limite to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿104.10 Billion |
| % of Total Assets | 31.83% |
| Annual Growth Rate | 10.65% |
| 5-Year Change | 39.08% |
| 10-Year Change | 125.41% |
| Growth Volatility | 263.23 |
BTS Group Holdings Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how BTS Group Holdings Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore BTS Group Holdings Public Company Limite total assets for the complete picture of this company's asset base.
Annual Net Assets for BTS Group Holdings Public Company Limited (2000–2025)
The table below shows the annual net assets of BTS Group Holdings Public Company Limited from 2000 to 2025. For live valuation and market cap data, see BTS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿105.76 Billion ≈ $3.30 Billion |
+59.29% |
| 2024-03-31 | ฿66.39 Billion ≈ $2.07 Billion |
-18.36% |
| 2023-03-31 | ฿81.32 Billion ≈ $2.53 Billion |
-5.58% |
| 2022-03-31 | ฿86.13 Billion ≈ $2.68 Billion |
+13.27% |
| 2021-03-31 | ฿76.04 Billion ≈ $2.37 Billion |
+13.07% |
| 2020-03-31 | ฿67.25 Billion ≈ $2.10 Billion |
+28.95% |
| 2019-03-31 | ฿52.15 Billion ≈ $1.63 Billion |
+12.50% |
| 2018-03-31 | ฿46.36 Billion ≈ $1.44 Billion |
+2.60% |
| 2017-03-31 | ฿45.18 Billion ≈ $1.41 Billion |
-3.70% |
| 2016-03-31 | ฿46.92 Billion ≈ $1.46 Billion |
-9.80% |
| 2015-03-31 | ฿52.01 Billion ≈ $1.62 Billion |
-12.97% |
| 2014-03-31 | ฿59.76 Billion ≈ $1.86 Billion |
+18.10% |
| 2013-03-31 | ฿50.60 Billion ≈ $1.58 Billion |
+37.01% |
| 2012-03-31 | ฿36.93 Billion ≈ $1.15 Billion |
-2.45% |
| 2011-03-31 | ฿37.86 Billion ≈ $1.18 Billion |
+1167.09% |
| 2010-03-31 | ฿2.99 Billion ≈ $93.13 Million |
-18.72% |
| 2009-03-31 | ฿3.68 Billion ≈ $114.58 Million |
+0.52% |
| 2008-03-31 | ฿3.66 Billion ≈ $113.98 Million |
+88.14% |
| 2007-03-31 | ฿1.94 Billion ≈ $60.58 Million |
+106.81% |
| 2006-03-31 | ฿-28.53 Billion ≈ $-889.30 Million |
-15.64% |
| 2005-03-31 | ฿-24.67 Billion ≈ $-769.02 Million |
-15.43% |
| 2004-03-31 | ฿-21.37 Billion ≈ $-666.19 Million |
-32.20% |
| 2003-03-31 | ฿-16.17 Billion ≈ $-503.94 Million |
-43.47% |
| 2002-03-31 | ฿-11.27 Billion ≈ $-351.27 Million |
-255.57% |
| 2001-03-31 | ฿-3.17 Billion ≈ $-98.79 Million |
-137.58% |
| 2000-03-31 | ฿8.43 Billion ≈ $262.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BTS Group Holdings 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 1756705459300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿75.67 Billion | 130.23% |
| Total Equity | ฿58.11 Billion | 100.00% |
BTS Group Holdings Public Company Limited Competitors by Market Cap
The table below lists competitors of BTS Group Holdings Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EUREKA FORBES LTD
NSE:EUREKAFORB
|
$1.04 Billion |
|
Azenta Inc
NASDAQ:AZTA
|
$1.04 Billion |
|
Bittium Oyj
HE:BITTI
|
$1.04 Billion |
|
Foshan Golden Milky Way Intelligent Equipment Co Ltd
SHE:300619
|
$1.04 Billion |
|
Innovita Biological Technology Co. Ltd. A
SHG:688253
|
$1.04 Billion |
|
Kyobo Securiti
KO:030610
|
$1.04 Billion |
|
Hang Xiao Steel Structure Co Ltd
SHG:600477
|
$1.04 Billion |
|
Papa John's International Inc
NASDAQ:PZZA
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTS Group Holdings Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 46,541,965,084 to 58,105,627,983, a change of 11,563,662,899 (24.8%).
- Net income of 2,117,121,181 contributed positively to equity growth.
- New share issuances of 13,167,638,465 increased equity.
- Other comprehensive income increased equity by 12,572,116,638.
- Other factors decreased equity by 16,293,213,385.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.12 Billion | +3.64% |
| Share Issuances | ฿13.17 Billion | +22.66% |
| Other Comprehensive Income | ฿12.57 Billion | +21.64% |
| Other Changes | ฿-16.29 Billion | -28.04% |
| Total Change | ฿- | 24.85% |
Book Value vs Market Value Analysis
This analysis compares BTS Group Holdings 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: 0.58x
- 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 |
|---|---|---|---|
| 2005-03-31 | ฿-282.52 | ฿2.08 | x |
| 2006-03-31 | ฿-314.90 | ฿2.08 | x |
| 2007-03-31 | ฿4.03 | ฿2.08 | x |
| 2008-03-31 | ฿3.73 | ฿2.08 | x |
| 2009-03-31 | ฿3.73 | ฿2.08 | x |
| 2010-03-31 | ฿0.86 | ฿2.08 | x |
| 2011-03-31 | ฿4.16 | ฿2.08 | x |
| 2012-03-31 | ฿3.87 | ฿2.08 | x |
| 2013-03-31 | ฿4.74 | ฿2.08 | x |
| 2014-03-31 | ฿4.90 | ฿2.08 | x |
| 2015-03-31 | ฿4.27 | ฿2.08 | x |
| 2016-03-31 | ฿3.84 | ฿2.08 | x |
| 2017-03-31 | ฿3.56 | ฿2.08 | x |
| 2018-03-31 | ฿3.43 | ฿2.08 | x |
| 2019-03-31 | ฿3.27 | ฿2.08 | x |
| 2020-03-31 | ฿4.30 | ฿2.08 | x |
| 2021-03-31 | ฿4.57 | ฿2.08 | x |
| 2022-03-31 | ฿4.71 | ฿2.08 | x |
| 2023-03-31 | ฿4.26 | ฿2.08 | x |
| 2024-03-31 | ฿3.53 | ฿2.08 | x |
| 2025-03-31 | ฿3.61 | ฿2.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTS Group Holdings 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): 3.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.69%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 5.55x
- Recent ROE (3.64%) is below the historical average (70.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | -85.18% | 0.05x | 0.00x | ฿-41.23 Million |
| 2006 | 0.00% | -351.23% | 0.02x | 0.00x | ฿2.40 Billion |
| 2007 | 1348.71% | 744.86% | 0.51x | 3.57x | ฿26.02 Billion |
| 2008 | 29.89% | 43.95% | 0.37x | 1.83x | ฿724.91 Million |
| 2009 | 0.53% | 1.83% | 0.16x | 1.85x | ฿-346.94 Million |
| 2010 | 4.64% | 14.29% | 0.20x | 1.62x | ฿-259.35 Million |
| 2011 | 0.82% | 4.17% | 0.11x | 1.84x | ฿-3.19 Billion |
| 2012 | 5.97% | 26.40% | 0.12x | 1.90x | ฿-1.42 Billion |
| 2013 | 5.11% | 44.56% | 0.08x | 1.38x | ฿-2.38 Billion |
| 2014 | 21.84% | 58.51% | 0.28x | 1.33x | ฿6.85 Billion |
| 2015 | 5.80% | 47.97% | 0.09x | 1.32x | ฿-2.13 Billion |
| 2016 | 9.11% | 78.66% | 0.08x | 1.43x | ฿-404.65 Million |
| 2017 | 4.75% | 26.41% | 0.08x | 2.22x | ฿-2.21 Billion |
| 2018 | 10.87% | 36.28% | 0.11x | 2.61x | ฿355.18 Million |
| 2019 | 7.41% | 6.26% | 0.32x | 3.72x | ฿-1.00 Billion |
| 2020 | 14.86% | 23.35% | 0.20x | 3.15x | ฿2.67 Billion |
| 2021 | 7.61% | 13.18% | 0.16x | 3.52x | ฿-1.44 Billion |
| 2022 | 6.16% | 14.85% | 0.10x | 4.12x | ฿-2.38 Billion |
| 2023 | 3.28% | 10.19% | 0.07x | 4.83x | ฿-3.77 Billion |
| 2024 | -11.26% | -28.84% | 0.07x | 5.85x | ฿-9.90 Billion |
| 2025 | 3.64% | 11.69% | 0.06x | 5.55x | ฿-3.69 Billion |
Industry Comparison
This section compares BTS Group Holdings Public Company Limited's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $18,537,190,194
- Average return on equity (ROE) among peers: 10.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTS Group Holdings Public Company Limited (BTS) | ฿104.10 Billion | 0.00% | 2.14x | $1.04 Billion |
| ATP 30 Public Company Limited (ATP30) | $71.08 Million | 11.31% | 3.84x | $17.01 Million |
| Bangkok Expressway and Metro Public Company Limited (BEM) | $37.00 Billion | 10.22% | 3.34x | $2.47 Billion |
About BTS Group Holdings Public Company Limited
BTS Group Holdings Public Company Limited engages in mass transportation, marketing, and other businesses in Thailand. It operates in three segments: Move, Mix, and Match. The Move segment operates and maintains BTS Sky Train system; constructs, installs, operates, and maintains electric rails; and provides train procurement services and other related, and bus rapid transit services. Its Mix segm… Read more