Christiani & Nielsen (Thai) Public Company Limited (CNT) - Net Assets

Latest as of December 2025: ฿1.75 Billion THB ≈ $54.63 Million USD

Based on the latest financial reports, Christiani & Nielsen (Thai) Public Company Limited (CNT) has net assets worth ฿1.75 Billion THB (≈ $54.63 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.60 Billion ≈ $205.67 Million USD) and total liabilities (฿4.85 Billion ≈ $151.04 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 asset resilience ratio of Christiani & Nielsen (Thai) Public Compa to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.75 Billion
% of Total Assets	26.56%
Annual Growth Rate	N/A
5-Year Change	-8.98%
10-Year Change	-4.68%
Growth Volatility	19.97

Christiani & Nielsen (Thai) Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Christiani & Nielsen (Thai) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Christiani & Nielsen (Thai) Public Compa's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Christiani & Nielsen (Thai) Public Company Limited (2000–2025)

The table below shows the annual net assets of Christiani & Nielsen (Thai) Public Company Limited from 2000 to 2025. For live valuation and market cap data, see CNT stock market capitalisation.

Year	Net Assets	Change
2025-12-31	฿1.75 Billion ≈ $54.63 Million	+2.12%
2024-12-31	฿1.72 Billion ≈ $53.50 Million	+2.36%
2023-12-31	฿1.68 Billion ≈ $52.26 Million	+1.66%
2022-12-31	฿1.65 Billion ≈ $51.41 Million	-14.35%
2021-12-31	฿1.93 Billion ≈ $60.02 Million	-8.42%
2020-12-31	฿2.10 Billion ≈ $65.55 Million	+0.77%
2019-12-31	฿2.09 Billion ≈ $65.04 Million	+42.96%
2018-12-31	฿1.46 Billion ≈ $45.50 Million	-24.52%
2017-12-31	฿1.93 Billion ≈ $60.28 Million	+5.17%
2016-12-31	฿1.84 Billion ≈ $57.31 Million	+5.14%
2015-12-31	฿1.75 Billion ≈ $54.51 Million	+1.39%
2014-12-31	฿1.73 Billion ≈ $53.77 Million	-20.84%
2013-12-31	฿2.18 Billion ≈ $67.93 Million	+19.27%
2012-12-31	฿1.83 Billion ≈ $56.95 Million	+10.16%
2011-12-31	฿1.66 Billion ≈ $51.70 Million	+1.01%
2010-12-31	฿1.64 Billion ≈ $51.18 Million	+45.24%
2009-12-31	฿1.13 Billion ≈ $35.24 Million	-8.63%
2008-12-31	฿1.24 Billion ≈ $38.57 Million	+21.53%
2007-12-31	฿1.02 Billion ≈ $31.74 Million	+9.12%
2006-12-31	฿933.09 Million ≈ $29.08 Million	-3.09%
2005-12-31	฿962.87 Million ≈ $30.01 Million	+18.90%
2004-12-31	฿809.79 Million ≈ $25.24 Million	+57.10%
2003-12-31	฿515.46 Million ≈ $16.07 Million	+149.75%
2002-12-31	฿-1.04 Billion ≈ $-32.30 Million	+0.24%
2001-12-31	฿-1.04 Billion ≈ $-32.37 Million	-27.74%
2000-12-31	฿-813.15 Million ≈ $-25.35 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Christiani & Nielsen (Thai) 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 87.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿23.64 Million	1.34%
Other Components	฿1.74 Billion	98.66%
Total Equity	฿1.76 Billion	100.00%

Christiani & Nielsen (Thai) Public Company Limited Competitors by Market Cap

The table below lists competitors of Christiani & Nielsen (Thai) Public Company Limited ranked by their market capitalization.

Company	Market Cap
V-Tac Technology Co Ltd TWO:6229	$32.68 Million
PIMS Inc. KQ:347770	$32.68 Million
Berentzen Gruppe AG XETRA:BEZ	$32.69 Million
S Connect Co. LTD KQ:096630	$32.70 Million
Acula Technology TWO:3434	$32.67 Million
Samwha Elec KO:011230	$32.66 Million
WOOJUNG BIO Inc KQ:215380	$32.65 Million
Destination XL Group Inc NASDAQ:DXLG	$32.63 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Christiani & Nielsen (Thai) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,705,885,646 to 1,764,019,069, a change of 58,133,423 (3.4%).
Net income of 77,988,361 contributed positively to equity growth.
Dividend payments of 41,116,123 reduced retained earnings.
Other comprehensive income decreased equity by 108,511,553.
Other factors increased equity by 129,772,738.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿77.99 Million	+4.42%
Dividends Paid	฿41.12 Million	-2.33%
Other Comprehensive Income	฿-108.51 Million	-6.15%
Other Changes	฿129.77 Million	+7.36%
Total Change	฿-	3.41%

Book Value vs Market Value Analysis

This analysis compares Christiani & Nielsen (Thai) 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: 0.59x
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 0.99x to 0.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	฿1.03	฿1.02	x
2006-12-31	฿1.00	฿1.02	x
2007-12-31	฿1.09	฿1.02	x
2008-12-31	฿1.10	฿1.02	x
2009-12-31	฿1.23	฿1.02	x
2010-12-31	฿2.08	฿1.02	x
2011-12-31	฿1.80	฿1.02	x
2012-12-31	฿1.81	฿1.02	x
2013-12-31	฿2.14	฿1.02	x
2014-12-31	฿1.69	฿1.02	x
2015-12-31	฿1.71	฿1.02	x
2016-12-31	฿1.80	฿1.02	x
2017-12-31	฿1.90	฿1.02	x
2018-12-31	฿1.40	฿1.02	x
2019-12-31	฿2.01	฿1.02	x
2020-12-31	฿2.02	฿1.02	x
2021-12-31	฿1.85	฿1.02	x
2022-12-31	฿1.59	฿1.02	x
2023-12-31	฿1.62	฿1.02	x
2024-12-31	฿1.66	฿1.02	x
2025-12-31	฿1.72	฿1.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Christiani & Nielsen (Thai) 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): 4.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.05%
• Asset Turnover: 1.13x
• Equity Multiplier: 3.74x
Recent ROE (4.42%) is below the historical average (15.45%), 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	233.37%	36.10%	1.62x	4.00x	฿1.15 Billion
2004	38.10%	7.53%	1.80x	2.82x	฿227.55 Million
2005	14.14%	3.69%	1.39x	2.76x	฿39.88 Million
2006	7.03%	1.35%	1.60x	3.26x	฿-27.76 Million
2007	11.51%	1.85%	1.92x	3.24x	฿15.36 Million
2008	0.38%	0.08%	1.52x	3.26x	฿-98.56 Million
2009	13.37%	3.50%	1.40x	2.73x	฿38.57 Million
2010	21.45%	8.58%	1.20x	2.08x	฿188.04 Million
2011	9.95%	3.44%	1.16x	2.50x	฿-861.01K
2012	25.68%	6.41%	1.60x	2.51x	฿284.42 Million
2013	20.58%	4.89%	1.61x	2.61x	฿227.27 Million
2014	-20.85%	-3.75%	1.81x	3.07x	฿-522.94 Million
2015	1.35%	0.32%	1.61x	2.65x	฿-148.39 Million
2016	7.78%	2.01%	1.39x	2.77x	฿-40.11 Million
2017	4.94%	1.20%	1.35x	3.04x	฿-96.65 Million
2018	-29.43%	-5.94%	1.26x	3.94x	฿-566.81 Million
2019	3.54%	1.01%	1.08x	3.25x	฿-133.47 Million
2020	3.63%	1.00%	1.18x	3.06x	฿-132.65 Million
2021	-6.84%	-2.11%	1.11x	2.91x	฿-320.90 Million
2022	-13.37%	-4.10%	0.86x	3.79x	฿-382.01 Million
2023	1.74%	0.40%	1.12x	3.89x	฿-137.55 Million
2024	2.92%	0.82%	0.94x	3.79x	฿-120.72 Million
2025	4.42%	1.05%	1.13x	3.74x	฿-98.41 Million

Industry Comparison

This section compares Christiani & Nielsen (Thai) 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: $5,839,455,710
Average return on equity (ROE) among peers: -8.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Christiani & Nielsen (Thai) Public Company Limited (CNT)	฿1.75 Billion	233.37%	2.76x	$32.68 Million
Asia Precision Public Company Limited (APCS)	$1.70 Billion	13.02%	0.70x	$28.80 Million
CH. Karnchang PCL (CK)	$2.95 Billion	0.00%	4.00x	$890.38 Million
CH. Karnchang Public Company Limited (CK-R)	$27.81 Billion	6.39%	1.97x	$874.67 Million
Chiangmai Rimdoi Public Company Limited (CRD)	$281.94 Million	-27.02%	2.02x	$4.83 Million
Demco Public Company Limited (DEMCO)	$3.59 Billion	-15.33%	0.79x	$51.03 Million
EMC Public Company Limited (EMC)	$916.22 Million	3.70%	2.17x	$11.75 Million
Floyd Public Company Limited (FLOYD)	$45.87 Million	24.77%	3.63x	$15.65 Million
Hydrotek Public Company Limited (HYDRO)	$280.51 Million	-63.33%	1.38x	$25.79 Million
Italian-Thai Development Public Company Limited (ITD)	$14.98 Billion	-14.32%	2.38x	$41.14 Million

About Christiani & Nielsen (Thai) Public Company Limited

BK:CNT Thailand Engineering & Construction

Market Cap

$32.68 Million

฿1.05 Billion THB

Market Cap Rank

#23435 Global

#424 in Thailand

Share Price

฿1.02

Change (1 day)

-1.92%

52-Week Range

฿0.84 - ฿1.17

All Time High

฿4.15