Chememan Public Company Limited
Chememan Public Company Limited, together with its subsidiaries, manufactures and distributes mineral lime and chemical products in Thailand and internationally. It offers quicklime, hydrated lime, and chemical grade and construction limestone. Its products are used in mining, iron and steel, building material and construction, pulp and paper, glass and bottles, specialty fiberglass, bioplastic, … Read more
Chememan Public Company Limited (CMAN) - Net Assets
Latest net assets as of September 2025: ฿2.67 Billion THB
Based on the latest financial reports, Chememan Public Company Limited (CMAN) has net assets worth ฿2.67 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.01 Billion) and total liabilities (฿3.34 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 | ฿2.67 Billion |
| % of Total Assets | 44.47% |
| Annual Growth Rate | 11.82% |
| 5-Year Change | 21.51% |
| 10-Year Change | 177.69% |
| Growth Volatility | 23.55 |
Chememan Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Chememan 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 Chememan Public Company Limited (2014–2024)
The table below shows the annual net assets of Chememan Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.55 Billion | +5.27% |
| 2023-12-31 | ฿2.42 Billion | +2.86% |
| 2022-12-31 | ฿2.35 Billion | +2.61% |
| 2021-12-31 | ฿2.29 Billion | +9.35% |
| 2020-12-31 | ฿2.10 Billion | -4.65% |
| 2019-12-31 | ฿2.20 Billion | -1.10% |
| 2018-12-31 | ฿2.22 Billion | +81.81% |
| 2017-12-31 | ฿1.22 Billion | +14.24% |
| 2016-12-31 | ฿1.07 Billion | +16.68% |
| 2015-12-31 | ฿917.27 Million | +10.04% |
| 2014-12-31 | ฿833.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chememan 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 91.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿737.63 Million | 29.41% |
| Other Components | ฿1.77 Billion | 70.59% |
| Total Equity | ฿2.51 Billion | 100.00% |
Chememan Public Company Limited Competitors by Market Cap
The table below lists competitors of Chememan Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Service & Quality Technology Co Ltd
TWO:3219
|
$29.42 Million |
|
Paloma Acquisition Corp I Units
NASDAQ:PALOU
|
$29.42 Million |
|
09women Co. Ltd.
KQ:366030
|
$29.43 Million |
|
Hwacheon Mac
KO:000850
|
$29.43 Million |
|
Bibica Corp
VN:BBC
|
$29.40 Million |
|
Arlitech Electronic
TWO:6432
|
$29.40 Million |
|
Nephros Inc
NASDAQ:NEPH
|
$29.39 Million |
|
Uni Chem
KO:011330
|
$29.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chememan Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,366,107,358 to 2,507,975,096, a change of 141,867,738 (6.0%).
- Net income of 251,632,512 contributed positively to equity growth.
- Dividend payments of 67,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 116,066,340.
- Other factors increased equity by 73,501,566.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿251.63 Million | +10.03% |
| Dividends Paid | ฿67.20 Million | -2.68% |
| Other Comprehensive Income | ฿-116.07 Million | -4.63% |
| Other Changes | ฿73.50 Million | +2.93% |
| Total Change | ฿- | 6.00% |
Book Value vs Market Value Analysis
This analysis compares Chememan 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: 1.00x
- 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 1.41x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿1.85 | ฿2.62 | x |
| 2015-12-31 | ฿0.95 | ฿2.62 | x |
| 2016-12-31 | ฿1.11 | ฿2.62 | x |
| 2017-12-31 | ฿1.77 | ฿2.62 | x |
| 2018-12-31 | ฿2.44 | ฿2.62 | x |
| 2019-12-31 | ฿2.22 | ฿2.62 | x |
| 2020-12-31 | ฿2.08 | ฿2.62 | x |
| 2021-12-31 | ฿2.28 | ฿2.62 | x |
| 2022-12-31 | ฿2.37 | ฿2.62 | x |
| 2023-12-31 | ฿2.46 | ฿2.62 | x |
| 2024-12-31 | ฿2.61 | ฿2.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chememan 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): 10.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.58%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.58x
- Recent ROE (10.03%) is above the historical average (7.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 21.24% | 8.06% | 1.09x | 2.41x | ฿93.69 Million |
| 2015 | 11.42% | 5.45% | 0.86x | 2.44x | ฿12.96 Million |
| 2016 | 14.49% | 7.85% | 0.71x | 2.61x | ฿47.73 Million |
| 2017 | 9.00% | 4.99% | 0.68x | 2.64x | ฿-12.15 Million |
| 2018 | 7.33% | 6.71% | 0.63x | 1.72x | ฿-59.28 Million |
| 2019 | -0.14% | -0.12% | 0.42x | 2.63x | ฿-215.61 Million |
| 2020 | -6.86% | -6.11% | 0.37x | 3.06x | ฿-336.22 Million |
| 2021 | 4.49% | 3.28% | 0.43x | 3.21x | ฿-120.66 Million |
| 2022 | 6.67% | 4.15% | 0.54x | 2.98x | ฿-75.66 Million |
| 2023 | 5.75% | 3.88% | 0.55x | 2.70x | ฿-100.52 Million |
| 2024 | 10.03% | 6.58% | 0.59x | 2.58x | ฿835.00K |
Industry Comparison
This section compares Chememan Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,124,461,643
- Average return on equity (ROE) among peers: 34.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chememan Public Company Limited (CMAN) | ฿2.67 Billion | 21.24% | 1.25x | $29.40 Million |
| Applied DB Public Company Limited (ADB) | $643.73 Million | -1.08% | 1.53x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $20.81 Billion | 4.98% | 0.08x | $90.82 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $614.86 Million | -4.90% | 2.95x | $7.98 Million |
| Salee Colour Public Company Limited (COLOR) | $773.67 Million | 7.19% | 0.51x | $7.55 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $4.64 Million | 260.62% | 99.95x | $164.25K |
| Eason & Co Public Company Limited (EASON) | $968.85 Million | 6.59% | 0.23x | $7.37 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $3.78 Billion | 16.67% | 1.88x | $67.75 Million |
| Global Connections Public Company Limited (GC) | $387.83 Million | 20.74% | 1.87x | $19.84 Million |