CH. Karnchang Public Company Limited
CH. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao People's Democratic Republic. It operates through Construction and Related Service; and Investment in Infrastructure Business segments. The company engages in the construction of mass rapid transit systems, airports, roads and expressways, energy projects, water supply and … Read more
CH. Karnchang Public Company Limited (CK-R) - Net Assets
Latest net assets as of June 2025: ฿26.75 Billion THB
Based on the latest financial reports, CH. Karnchang Public Company Limited (CK-R) has net assets worth ฿26.75 Billion THB as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿116.39 Billion) and total liabilities (฿89.64 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿26.75 Billion |
| % of Total Assets | 22.98% |
| Annual Growth Rate | 9.01% |
| 5-Year Change | 0.79% |
| 10-Year Change | 26.96% |
| Growth Volatility | 19.96 |
CH. Karnchang Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how CH. Karnchang Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CH. Karnchang Public Company Limited (2003–2024)
The table below shows the annual net assets of CH. Karnchang Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿26.48 Billion | +1.81% |
| 2023-12-31 | ฿26.01 Billion | +6.30% |
| 2022-12-31 | ฿24.47 Billion | -6.29% |
| 2021-12-31 | ฿26.11 Billion | -0.62% |
| 2020-12-31 | ฿26.27 Billion | -5.54% |
| 2019-12-31 | ฿27.81 Billion | +7.68% |
| 2018-12-31 | ฿25.83 Billion | +8.19% |
| 2017-12-31 | ฿23.87 Billion | +9.24% |
| 2016-12-31 | ฿21.85 Billion | +4.79% |
| 2015-12-31 | ฿20.86 Billion | +7.11% |
| 2014-12-31 | ฿19.47 Billion | +15.62% |
| 2013-12-31 | ฿16.84 Billion | +90.07% |
| 2012-12-31 | ฿8.86 Billion | +34.35% |
| 2011-12-31 | ฿6.60 Billion | +6.17% |
| 2010-12-31 | ฿6.21 Billion | +8.99% |
| 2009-12-31 | ฿5.70 Billion | +7.45% |
| 2008-12-31 | ฿5.30 Billion | -6.80% |
| 2007-12-31 | ฿5.69 Billion | +18.51% |
| 2006-12-31 | ฿4.80 Billion | -2.57% |
| 2005-12-31 | ฿4.93 Billion | +2.79% |
| 2004-12-31 | ฿4.80 Billion | +10.95% |
| 2003-12-31 | ฿4.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CH. Karnchang 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 13118.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿17.50 Billion | 67.54% |
| Other Components | ฿8.41 Billion | 32.46% |
| Total Equity | ฿25.91 Billion | 100.00% |
CH. Karnchang Public Company Limited Competitors by Market Cap
The table below lists competitors of CH. Karnchang Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Systex Corp
TW:6214
|
$521.95 Million |
|
Nexa Resources SA
NYSE:NEXA
|
$522.11 Million |
|
LS Materials
KQ:417200
|
$522.32 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
$522.36 Million |
|
Henan Hengxing Science & Technology Co Ltd
SHE:002132
|
$521.83 Million |
|
Orizon Valorização de Resíduos S.A
SA:ORVR3
|
$521.51 Million |
|
Hannstar Display Corp
TW:6116
|
$521.49 Million |
|
Financiere de l'Odet
STU:49F
|
$521.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CH. Karnchang Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,482,489,367 to 25,909,660,294, a change of 427,170,927 (1.7%).
- Net income of 1,445,903,368 contributed positively to equity growth.
- Dividend payments of 508,168,793 reduced retained earnings.
- Share repurchases of 129,779,240 reduced equity.
- Other comprehensive income decreased equity by 312,961,014.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.45 Billion | +5.58% |
| Dividends Paid | ฿508.17 Million | -1.96% |
| Share Repurchases | ฿129.78 Million | -0.5% |
| Other Comprehensive Income | ฿-312.96 Million | -1.21% |
| Other Changes | ฿-67.82 Million | -0.26% |
| Total Change | ฿- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares CH. Karnchang 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: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.37x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿3.82 | ฿16.70 | x |
| 2004-12-31 | ฿3.65 | ฿16.70 | x |
| 2005-12-31 | ฿3.69 | ฿16.70 | x |
| 2006-12-31 | ฿3.99 | ฿16.70 | x |
| 2007-12-31 | ฿3.59 | ฿16.70 | x |
| 2008-12-31 | ฿3.44 | ฿16.70 | x |
| 2009-12-31 | ฿3.70 | ฿16.70 | x |
| 2010-12-31 | ฿3.60 | ฿16.70 | x |
| 2011-12-31 | ฿3.77 | ฿16.70 | x |
| 2012-12-31 | ฿5.05 | ฿16.70 | x |
| 2013-12-31 | ฿9.77 | ฿16.70 | x |
| 2014-12-31 | ฿11.29 | ฿16.70 | x |
| 2015-12-31 | ฿12.08 | ฿16.70 | x |
| 2016-12-31 | ฿12.68 | ฿16.70 | x |
| 2017-12-31 | ฿13.87 | ฿16.70 | x |
| 2018-12-31 | ฿15.01 | ฿16.70 | x |
| 2019-12-31 | ฿16.17 | ฿16.70 | x |
| 2020-12-31 | ฿15.42 | ฿16.70 | x |
| 2021-12-31 | ฿15.48 | ฿16.70 | x |
| 2022-12-31 | ฿14.49 | ฿16.70 | x |
| 2023-12-31 | ฿15.11 | ฿16.70 | x |
| 2024-12-31 | ฿15.36 | ฿16.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CH. Karnchang 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): 5.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.86%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 4.37x
- Recent ROE (5.58%) is below the historical average (6.94%), 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 | 6.94% | 3.54% | 0.53x | 3.73x | ฿-125.66 Million |
| 2004 | 4.47% | 2.63% | 0.31x | 5.43x | ฿-253.24 Million |
| 2005 | 14.68% | 4.57% | 0.50x | 6.40x | ฿218.04 Million |
| 2006 | -26.45% | -5.61% | 0.71x | 6.61x | ฿-1.67 Billion |
| 2007 | 0.27% | 0.10% | 0.61x | 4.48x | ฿-532.25 Million |
| 2008 | 11.23% | 3.94% | 0.56x | 5.07x | ฿62.51 Million |
| 2009 | 1.64% | 0.64% | 0.47x | 5.38x | ฿-458.37 Million |
| 2010 | -5.61% | -3.39% | 0.32x | 5.10x | ฿-932.05 Million |
| 2011 | 14.53% | 8.42% | 0.30x | 5.74x | ฿288.99 Million |
| 2012 | 6.64% | 2.73% | 0.41x | 5.98x | ฿-287.49 Million |
| 2013 | 46.37% | 23.52% | 0.45x | 4.35x | ฿6.02 Billion |
| 2014 | 12.01% | 6.98% | 0.41x | 4.23x | ฿383.78 Million |
| 2015 | 10.72% | 6.29% | 0.37x | 4.55x | ฿146.92 Million |
| 2016 | 9.32% | 4.37% | 0.48x | 4.42x | ฿-145.66 Million |
| 2017 | 7.71% | 5.04% | 0.45x | 3.38x | ฿-538.62 Million |
| 2018 | 9.81% | 8.51% | 0.35x | 3.28x | ฿-47.79 Million |
| 2019 | 6.49% | 7.73% | 0.28x | 3.01x | ฿-961.49 Million |
| 2020 | 2.37% | 3.66% | 0.20x | 3.20x | ฿-1.97 Billion |
| 2021 | 3.53% | 7.42% | 0.15x | 3.25x | ฿-1.66 Billion |
| 2022 | 4.60% | 6.10% | 0.21x | 3.54x | ฿-1.30 Billion |
| 2023 | 5.89% | 4.08% | 0.38x | 3.80x | ฿-1.05 Billion |
| 2024 | 5.58% | 3.86% | 0.33x | 4.37x | ฿-1.15 Billion |
Industry Comparison
This section compares CH. Karnchang Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,559,514,043
- Average return on equity (ROE) among peers: 5.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CH. Karnchang Public Company Limited (CK-R) | ฿26.75 Billion | 6.94% | 3.35x | $521.92 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |