CSP Steel Center Public Company Limited
CSP Steel Center Public Company Limited manufactures and distributes steel products in Thailand. The company offers steel sheets in master coils, steel plates, structural steel, and other types of steel for industrial and production industries. It also provides hot-rolled steel pipes and cold-rolled steel pipes; and customizes steel sheets to other shapes. The company serves the automobiles and m… Read more
CSP Steel Center Public Company Limited (CSP) - Net Assets
Latest net assets as of September 2025: ฿556.48 Million THB
Based on the latest financial reports, CSP Steel Center Public Company Limited (CSP) has net assets worth ฿556.48 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.81 Billion) and total liabilities (฿1.26 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 | ฿556.48 Million |
| % of Total Assets | 30.67% |
| Annual Growth Rate | -0.49% |
| 5-Year Change | 1.95% |
| 10-Year Change | -6.1% |
| Growth Volatility | 23.97 |
CSP Steel Center Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how CSP Steel Center 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 CSP Steel Center Public Company Limited (2004–2024)
The table below shows the annual net assets of CSP Steel Center Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿574.24 Million | -15.30% |
| 2023-12-31 | ฿677.99 Million | -11.91% |
| 2022-12-31 | ฿769.64 Million | -20.04% |
| 2021-12-31 | ฿962.53 Million | +70.89% |
| 2020-12-31 | ฿563.25 Million | +17.60% |
| 2019-12-31 | ฿478.94 Million | -20.81% |
| 2018-12-31 | ฿604.82 Million | -1.78% |
| 2017-12-31 | ฿615.80 Million | -15.31% |
| 2016-12-31 | ฿727.09 Million | +18.90% |
| 2015-12-31 | ฿611.54 Million | -29.62% |
| 2014-12-31 | ฿868.94 Million | +9.58% |
| 2013-12-31 | ฿792.99 Million | +2.10% |
| 2012-12-31 | ฿776.65 Million | +5.58% |
| 2011-12-31 | ฿735.62 Million | -8.76% |
| 2010-12-31 | ฿806.23 Million | +15.34% |
| 2009-12-31 | ฿698.99 Million | +5.24% |
| 2008-12-31 | ฿664.19 Million | -22.60% |
| 2007-12-31 | ฿858.12 Million | -4.93% |
| 2006-12-31 | ฿902.58 Million | -5.22% |
| 2005-12-31 | ฿952.30 Million | +50.18% |
| 2004-12-31 | ฿634.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CSP Steel Center 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 4.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿51.57 Million | 8.98% |
| Common Stock | ฿496.17 Million | 86.40% |
| Other Comprehensive Income | ฿26.50 Million | 4.61% |
| Total Equity | ฿574.24 Million | 100.00% |
CSP Steel Center Public Company Limited Competitors by Market Cap
The table below lists competitors of CSP Steel Center Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ridgestone Mining Inc
PINK:RIGMF
|
$951.07K |
|
Montero Mining and Exploration Ltd
PINK:MXTRF
|
$951.50K |
|
Icon Group
TA:ICON
|
$952.10K |
|
TARGET (DYH.SG)
STU:DYH
|
$952.38K |
|
Quhuo Ltd
NASDAQ:QH
|
$950.17K |
|
Martello Technologies Group Inc
PINK:DRKOF
|
$949.95K |
|
Goobit Group AB
ST:BTCX
|
$949.53K |
|
PT Lavender Bina Cendikia Tbk
JK:BMBL
|
$949.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CSP Steel Center Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 677,986,179 to 574,239,525, a change of -103,746,654 (-15.3%).
- Net loss of 106,970,084 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-106.97 Million | -18.63% |
| Other Changes | ฿3.22 Million | +0.56% |
| Total Change | ฿- | -15.30% |
Book Value vs Market Value Analysis
This analysis compares CSP Steel Center 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: 0.34x
- 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 0.12x to 0.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿3.14 | ฿0.39 | x |
| 2005-12-31 | ฿3.20 | ฿0.39 | x |
| 2006-12-31 | ฿1.81 | ฿0.39 | x |
| 2007-12-31 | ฿1.72 | ฿0.39 | x |
| 2008-12-31 | ฿1.33 | ฿0.39 | x |
| 2009-12-31 | ฿1.41 | ฿0.39 | x |
| 2010-12-31 | ฿1.62 | ฿0.39 | x |
| 2011-12-31 | ฿1.48 | ฿0.39 | x |
| 2012-12-31 | ฿1.57 | ฿0.39 | x |
| 2013-12-31 | ฿1.60 | ฿0.39 | x |
| 2014-12-31 | ฿1.75 | ฿0.39 | x |
| 2015-12-31 | ฿1.23 | ฿0.39 | x |
| 2016-12-31 | ฿1.47 | ฿0.39 | x |
| 2017-12-31 | ฿1.24 | ฿0.39 | x |
| 2018-12-31 | ฿1.22 | ฿0.39 | x |
| 2019-12-31 | ฿0.97 | ฿0.39 | x |
| 2020-12-31 | ฿1.14 | ฿0.39 | x |
| 2021-12-31 | ฿1.94 | ฿0.39 | x |
| 2022-12-31 | ฿1.55 | ฿0.39 | x |
| 2023-12-31 | ฿1.37 | ฿0.39 | x |
| 2024-12-31 | ฿1.16 | ฿0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CSP Steel Center 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): -18.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.28%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 3.17x
- Recent ROE (-18.63%) is below the historical average (3.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 6.97% | 2.25% | 1.05x | 2.94x | ฿-19.23 Million |
| 2005 | 7.27% | 2.52% | 1.25x | 2.30x | ฿-26.02 Million |
| 2006 | 6.38% | 2.17% | 1.48x | 1.98x | ฿-32.67 Million |
| 2007 | 4.90% | 1.50% | 1.47x | 2.22x | ฿-43.77 Million |
| 2008 | 10.03% | 1.91% | 1.83x | 2.87x | ฿211.68K |
| 2009 | 1.22% | 0.40% | 1.16x | 2.62x | ฿-61.39 Million |
| 2010 | 13.23% | 4.01% | 1.16x | 2.85x | ฿26.04 Million |
| 2011 | 12.33% | 2.73% | 1.28x | 3.53x | ฿17.16 Million |
| 2012 | 12.95% | 2.36% | 1.81x | 3.02x | ฿22.90 Million |
| 2013 | 9.72% | 1.94% | 1.65x | 3.04x | ฿-2.24 Million |
| 2014 | 16.16% | 3.65% | 1.54x | 2.88x | ฿53.56 Million |
| 2015 | -28.92% | -6.68% | 1.16x | 3.72x | ฿-237.99 Million |
| 2016 | 15.89% | 4.24% | 1.34x | 2.81x | ฿42.84 Million |
| 2017 | -10.33% | -2.39% | 1.30x | 3.32x | ฿-125.19 Million |
| 2018 | -1.82% | -0.41% | 1.24x | 3.56x | ฿-71.47 Million |
| 2019 | -26.61% | -4.62% | 1.20x | 4.82x | ฿-175.34 Million |
| 2020 | 14.97% | 3.38% | 1.24x | 3.56x | ฿27.98 Million |
| 2021 | 45.53% | 14.50% | 1.36x | 2.31x | ฿342.01 Million |
| 2022 | -12.34% | -3.02% | 1.53x | 2.68x | ฿-171.90 Million |
| 2023 | -13.40% | -3.84% | 1.17x | 2.97x | ฿-158.65 Million |
| 2024 | -18.63% | -4.28% | 1.38x | 3.17x | ฿-164.39 Million |
Industry Comparison
This section compares CSP Steel Center Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,992,638,360
- Average return on equity (ROE) among peers: 1.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CSP Steel Center Public Company Limited (CSP) | ฿556.48 Million | 6.97% | 2.26x | $950.75K |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $10.76 Billion | -5.72% | 0.42x | $11.41 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |