City Steel Public Company Limited (CITY) - Net Assets
Based on the latest financial reports, City Steel Public Company Limited (CITY) has net assets worth ฿1.22 Billion THB (≈ $37.98 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.24 Billion ≈ $38.56 Million USD) and total liabilities (฿18.64 Million ≈ $580.96K 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 City Steel Public Company Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.22 Billion |
| % of Total Assets | 98.49% |
| Annual Growth Rate | 7.86% |
| 5-Year Change | -6.52% |
| 10-Year Change | -5.88% |
| Growth Volatility | 29.68 |
City Steel Public Company Limited - Net Assets Trend (2005–2025)
This chart illustrates how City Steel Public Company Limited's net assets have evolved over time, based on quarterly financial data. See City Steel Public Company Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for City Steel Public Company Limited (2005–2025)
The table below shows the annual net assets of City Steel Public Company Limited from 2005 to 2025. For live valuation and market cap data, see City Steel Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | ฿1.24 Billion ≈ $38.51 Million |
-3.87% |
| 2024-07-31 | ฿1.29 Billion ≈ $40.06 Million |
-0.95% |
| 2023-07-31 | ฿1.30 Billion ≈ $40.44 Million |
-3.11% |
| 2022-07-31 | ฿1.34 Billion ≈ $41.74 Million |
+1.33% |
| 2021-07-31 | ฿1.32 Billion ≈ $41.19 Million |
-0.24% |
| 2020-07-31 | ฿1.32 Billion ≈ $41.29 Million |
-0.21% |
| 2019-07-31 | ฿1.33 Billion ≈ $41.38 Million |
-1.13% |
| 2018-07-31 | ฿1.34 Billion ≈ $41.85 Million |
+0.37% |
| 2017-07-31 | ฿1.34 Billion ≈ $41.70 Million |
+1.92% |
| 2016-07-31 | ฿1.31 Billion ≈ $40.91 Million |
+2.42% |
| 2015-07-31 | ฿1.28 Billion ≈ $39.95 Million |
+7.53% |
| 2014-07-31 | ฿1.19 Billion ≈ $37.15 Million |
+9.36% |
| 2013-07-31 | ฿1.09 Billion ≈ $33.97 Million |
+7.82% |
| 2012-07-31 | ฿1.01 Billion ≈ $31.51 Million |
+12.09% |
| 2011-07-31 | ฿901.86 Million ≈ $28.11 Million |
+7.43% |
| 2010-07-31 | ฿839.52 Million ≈ $26.17 Million |
+4.14% |
| 2009-07-31 | ฿806.18 Million ≈ $25.13 Million |
+4.47% |
| 2008-07-31 | ฿771.72 Million ≈ $24.05 Million |
+7.73% |
| 2007-07-31 | ฿716.34 Million ≈ $22.33 Million |
+10.57% |
| 2006-07-31 | ฿647.86 Million ≈ $20.19 Million |
+138.14% |
| 2005-07-31 | ฿272.05 Million ≈ $8.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to City Steel 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 408.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿749.21 Million | 60.64% |
| Common Stock | ฿300.00 Million | 24.28% |
| Other Comprehensive Income | ฿20.10 Million | 1.63% |
| Other Components | ฿166.15 Million | 13.45% |
| Total Equity | ฿1.24 Billion | 100.00% |
City Steel Public Company Limited Competitors by Market Cap
The table below lists competitors of City Steel Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chemomab Therapeutics Ltd DRC
NASDAQ:CMMB
|
$10.94 Million |
|
Thunderbird Resources Ltd
AU:THB
|
$10.95 Million |
|
GreenOak Spain Holdings SOCIMI S.A.
MC:YGO2
|
$10.95 Million |
|
Kier Group PLC
LSE:KIE
|
$10.97 Million |
|
Dataworks Group Ltd
AU:DWG
|
$10.94 Million |
|
Clemondo Group AB (publ)
ST:CLEM
|
$10.94 Million |
|
Vroom, Inc.
NASDAQ:VRMMQ
|
$10.93 Million |
|
Murray Income Trust
LSE:MUT
|
$10.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in City Steel Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,285,178,222 to 1,235,448,658, a change of -49,729,564 (-3.9%).
- Net loss of 30,901,212 reduced equity.
- Other comprehensive income decreased equity by 18,828,352.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-30.90 Million | -2.5% |
| Other Comprehensive Income | ฿-18.83 Million | -1.52% |
| Total Change | ฿- | -3.87% |
Book Value vs Market Value Analysis
This analysis compares City Steel 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: 0.28x
- 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 0.40x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-07-31 | ฿2.94 | ฿1.17 | x |
| 2007-07-31 | ฿2.39 | ฿1.17 | x |
| 2008-07-31 | ฿2.57 | ฿1.17 | x |
| 2009-07-31 | ฿2.69 | ฿1.17 | x |
| 2010-07-31 | ฿2.80 | ฿1.17 | x |
| 2011-07-31 | ฿3.01 | ฿1.17 | x |
| 2012-07-31 | ฿3.37 | ฿1.17 | x |
| 2013-07-31 | ฿3.63 | ฿1.17 | x |
| 2014-07-31 | ฿3.97 | ฿1.17 | x |
| 2015-07-31 | ฿4.27 | ฿1.17 | x |
| 2016-07-31 | ฿4.38 | ฿1.17 | x |
| 2017-07-31 | ฿4.46 | ฿1.17 | x |
| 2018-07-31 | ฿4.48 | ฿1.17 | x |
| 2019-07-31 | ฿4.43 | ฿1.17 | x |
| 2020-07-31 | ฿4.42 | ฿1.17 | x |
| 2021-07-31 | ฿4.41 | ฿1.17 | x |
| 2022-07-31 | ฿4.46 | ฿1.17 | x |
| 2023-07-31 | ฿4.33 | ฿1.17 | x |
| 2024-07-31 | ฿4.28 | ฿1.17 | x |
| 2025-07-31 | ฿4.12 | ฿1.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently City Steel 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): -2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.11%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.01x
- Recent ROE (-2.50%) is below the historical average (8.49%), 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 | 49.72% | 27.45% | 1.34x | 1.36x | ฿108.06 Million |
| 2006 | 19.59% | 25.50% | 0.74x | 1.04x | ฿62.16 Million |
| 2007 | 16.32% | 23.25% | 0.66x | 1.07x | ฿45.30 Million |
| 2008 | 13.12% | 16.87% | 0.74x | 1.05x | ฿24.09 Million |
| 2009 | 9.98% | 13.55% | 0.72x | 1.02x | ฿-190.36K |
| 2010 | 7.80% | 13.97% | 0.54x | 1.03x | ฿-18.44 Million |
| 2011 | 8.91% | 15.55% | 0.55x | 1.04x | ฿-9.79 Million |
| 2012 | 13.73% | 19.19% | 0.69x | 1.04x | ฿37.66 Million |
| 2013 | 11.49% | 17.86% | 0.63x | 1.02x | ฿16.27 Million |
| 2014 | 12.47% | 19.52% | 0.61x | 1.05x | ฿29.39 Million |
| 2015 | 10.77% | 20.56% | 0.51x | 1.03x | ฿9.92 Million |
| 2016 | 5.16% | 13.10% | 0.39x | 1.01x | ฿-63.47 Million |
| 2017 | 4.24% | 14.96% | 0.28x | 1.01x | ฿-77.00 Million |
| 2018 | 2.24% | 7.83% | 0.28x | 1.02x | ฿-104.16 Million |
| 2019 | 0.75% | 2.58% | 0.28x | 1.02x | ฿-122.86 Million |
| 2020 | -0.30% | -1.52% | 0.20x | 1.01x | ฿-136.51 Million |
| 2021 | -0.92% | -6.33% | 0.14x | 1.01x | ฿-144.27 Million |
| 2022 | -0.29% | -3.19% | 0.09x | 1.01x | ฿-137.77 Million |
| 2023 | -2.34% | -31.57% | 0.07x | 1.01x | ฿-160.12 Million |
| 2024 | -1.69% | -46.05% | 0.04x | 1.01x | ฿-150.23 Million |
| 2025 | -2.50% | -50.11% | 0.05x | 1.01x | ฿-154.45 Million |
Industry Comparison
This section compares City Steel 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: $1,687,986,566
- Average return on equity (ROE) among peers: -35.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| City Steel Public Company Limited (CITY) | ฿1.22 Billion | 49.72% | 0.02x | $10.94 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $4.39 Billion | 27.47% | 0.10x | $40.52 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $684.07 Million | 6.48% | 0.31x | $20.98 Million |
| BT Wealth Industries Public Company Limited (BTW) | $277.16 Million | -277.64% | 1.79x | $1.41 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 City Steel Public Company Limited
City Steel Public Company Limited engages in the manufacture and sale of metal structures, storage systems and material handling equipment, fabricated metal parts, and other metal products in Thailand. The company offers metal structures and fabrication, including column structures, beam structures, roof structures, panel structures, staircase structures, and cement frames for construction, as we… Read more