BT Wealth Industries Public Company Limited (BTW) - Net Assets
Based on the latest financial reports, BT Wealth Industries Public Company Limited (BTW) has net assets worth ฿111.09 Million THB (≈ $3.46 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 (฿552.40 Million ≈ $17.22 Million USD) and total liabilities (฿441.31 Million ≈ $13.76 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 BT Wealth Industries Public Company Limi PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿111.09 Million |
| % of Total Assets | 20.11% |
| Annual Growth Rate | -11.48% |
| 5-Year Change | -84.2% |
| 10-Year Change | -88.92% |
| Growth Volatility | 36.01 |
BT Wealth Industries Public Company Limited - Net Assets Trend (2014–2025)
This chart illustrates how BT Wealth Industries Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BT Wealth Industries Public Company Limi stock valuation.
Annual Net Assets for BT Wealth Industries Public Company Limited (2014–2025)
The table below shows the annual net assets of BT Wealth Industries Public Company Limited from 2014 to 2025. Also explore BT Wealth Industries Public Company Limi net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿158.70 Million ≈ $4.95 Million |
-34.09% |
| 2024-12-31 | ฿240.77 Million ≈ $7.50 Million |
-13.13% |
| 2023-12-31 | ฿277.16 Million ≈ $8.64 Million |
-73.47% |
| 2022-12-31 | ฿1.04 Billion ≈ $32.56 Million |
+4.01% |
| 2021-12-31 | ฿1.00 Billion ≈ $31.31 Million |
-13.63% |
| 2020-12-31 | ฿1.16 Billion ≈ $36.25 Million |
+3.92% |
| 2019-12-31 | ฿1.12 Billion ≈ $34.88 Million |
-16.73% |
| 2018-12-31 | ฿1.34 Billion ≈ $41.89 Million |
-1.81% |
| 2017-12-31 | ฿1.37 Billion ≈ $42.66 Million |
-4.42% |
| 2016-12-31 | ฿1.43 Billion ≈ $44.64 Million |
+32.46% |
| 2015-12-31 | ฿1.08 Billion ≈ $33.70 Million |
+78.05% |
| 2014-12-31 | ฿607.19 Million ≈ $18.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BT Wealth 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 decreased by 629.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿378.00 Million | 234.08% |
| Other Comprehensive Income | ฿65.39 Million | 40.50% |
| Other Components | ฿495.77 Million | 307.01% |
| Total Equity | ฿161.48 Million | 100.00% |
BT Wealth Industries Public Company Limited Competitors by Market Cap
The table below lists competitors of BT Wealth Industries Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STS Global Income & Growth Trust PLC
LSE:STS
|
$3.07 Million |
|
amalphi ag
F:AMI
|
$3.07 Million |
|
Dharani Sugars&Chemicals Limited
NSE:DHARSUGAR
|
$3.07 Million |
|
MS INTERNATIONAL plc
LSE:MSI
|
$3.07 Million |
|
McChip Resources Inc
V:MCS
|
$3.06 Million |
|
Pomvom
TA:PMVM
|
$3.06 Million |
|
Quest PharmaTech Inc
V:QPT
|
$3.06 Million |
|
Professional Diversity Network Inc
NASDAQ:IPDN
|
$3.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BT Wealth Industries Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 243,397,273 to 161,481,194, a change of -81,916,079 (-33.7%).
- Net loss of 102,463,639 reduced equity.
- Other comprehensive income increased equity by 17,394,740.
- Other factors increased equity by 3,152,820.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-102.46 Million | -63.45% |
| Other Comprehensive Income | ฿17.39 Million | +10.77% |
| Other Changes | ฿3.15 Million | +1.95% |
| Total Change | ฿- | -33.66% |
Book Value vs Market Value Analysis
This analysis compares BT Wealth 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: 0.61x
- 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 increased from 0.13x to 0.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿1.01 | ฿0.13 | x |
| 2015-12-31 | ฿1.80 | ฿0.13 | x |
| 2016-12-31 | ฿2.12 | ฿0.13 | x |
| 2017-12-31 | ฿1.81 | ฿0.13 | x |
| 2018-12-31 | ฿1.80 | ฿0.13 | x |
| 2019-12-31 | ฿1.48 | ฿0.13 | x |
| 2020-12-31 | ฿1.54 | ฿0.13 | x |
| 2021-12-31 | ฿1.33 | ฿0.13 | x |
| 2022-12-31 | ฿1.38 | ฿0.13 | x |
| 2023-12-31 | ฿0.37 | ฿0.13 | x |
| 2024-12-31 | ฿0.31 | ฿0.13 | x |
| 2025-12-31 | ฿0.21 | ฿0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BT Wealth 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): -63.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.20%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 3.73x
- Recent ROE (-63.45%) is below the historical average (-19.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 78.18% | 18.57% | 1.25x | 3.38x | ฿413.97 Million |
| 2015 | 62.25% | 37.56% | 1.29x | 1.29x | ฿563.65 Million |
| 2016 | 7.47% | 6.00% | 0.88x | 1.41x | ฿-36.16 Million |
| 2017 | -0.73% | -0.71% | 0.74x | 1.39x | ฿-146.72 Million |
| 2018 | -1.84% | -1.99% | 0.71x | 1.30x | ฿-158.92 Million |
| 2019 | -17.77% | -14.11% | 0.73x | 1.72x | ฿-310.69 Million |
| 2020 | 3.68% | 2.98% | 0.81x | 1.54x | ฿-73.38 Million |
| 2021 | -14.27% | -11.42% | 0.76x | 1.64x | ฿-243.68 Million |
| 2022 | 3.30% | 1.54% | 1.17x | 1.82x | ฿-69.94 Million |
| 2023 | -275.10% | -140.60% | 0.71x | 2.77x | ฿-797.46 Million |
| 2024 | -16.08% | -10.82% | 0.57x | 2.63x | ฿-63.49 Million |
| 2025 | -63.45% | -19.20% | 0.89x | 3.73x | ฿-118.61 Million |
Industry Comparison
This section compares BT Wealth 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: $1,980,803,399
- Average return on equity (ROE) among peers: 4.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BT Wealth Industries Public Company Limited (BTW) | ฿111.09 Million | 78.18% | 3.97x | $3.06 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $497.45 Million | 0.00% | 0.13x | $158.13 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $927.97 Million | 4.33% | 0.76x | $28.64 Million |
| City Steel Public Company Limited (CITY) | $1.09 Billion | 11.49% | 0.02x | $13.65 Million |
| Fine Metal Technologies Public Company Limited (FMT) | $1.12 Billion | 2.04% | 2.17x | $27.38 Million |
| K.C. Metalsheet Public Company Limited (KCM) | $431.23 Million | 3.96% | 0.57x | $5.93 Million |
| STP&I Public Company Limited (STPI) | $7.82 Billion | 2.57% | 0.57x | $313.50 Million |
About BT Wealth Industries Public Company Limited
BT Wealth Industries Public Company Limited, together with its subsidiaries, engages in steel product processing and structural steel services for construction and industrial purposes in Thailand. The company offers fabrication works and services. It also provides steel fabrication services for heavy industry sectors, such as oil and gas, power, mining, and infrastructure. In addition, the compan… Read more