Dcon Products Public Company Limited
Dcon Products Public Company Limited, together with its subsidiaries, manufactures and sells construction supplies in Thailand. The company operates through Sales of Construction Supplies; Sales of Real Estate; and Real Estate for Lease segments. It also provides flat floor slabs, pre-stressed planks and piles, corrugated planks, fencing and retaining wall, Dcon block, blocks, hallow core, hexago… Read more
Dcon Products Public Company Limited (DCON) - Net Assets
Latest net assets as of December 2025: ฿2.71 Billion THB
Based on the latest financial reports, Dcon Products Public Company Limited (DCON) has net assets worth ฿2.71 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.81 Billion) and total liabilities (฿1.10 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 | ฿2.71 Billion |
| % of Total Assets | 71.13% |
| Annual Growth Rate | 19.47% |
| 5-Year Change | 7.92% |
| 10-Year Change | 45.19% |
| Growth Volatility | 191.32 |
Dcon Products Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Dcon Products 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 Dcon Products Public Company Limited (2003–2025)
The table below shows the annual net assets of Dcon Products Public Company Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.71 Billion | -0.19% |
| 2024-12-31 | ฿2.72 Billion | -1.47% |
| 2023-12-31 | ฿2.76 Billion | +6.75% |
| 2022-12-31 | ฿2.58 Billion | +2.79% |
| 2021-12-31 | ฿2.51 Billion | +2.78% |
| 2020-12-31 | ฿2.45 Billion | +0.62% |
| 2019-12-31 | ฿2.43 Billion | +6.13% |
| 2018-12-31 | ฿2.29 Billion | +3.28% |
| 2017-12-31 | ฿2.22 Billion | +18.68% |
| 2016-12-31 | ฿1.87 Billion | +99.64% |
| 2015-12-31 | ฿936.01 Million | -12.36% |
| 2014-12-31 | ฿1.07 Billion | +12.38% |
| 2013-12-31 | ฿950.41 Million | +16.69% |
| 2012-12-31 | ฿814.47 Million | +13.36% |
| 2011-12-31 | ฿718.48 Million | +3.53% |
| 2010-12-31 | ฿693.96 Million | +8.33% |
| 2009-12-31 | ฿640.60 Million | -1.67% |
| 2008-12-31 | ฿651.50 Million | +47.47% |
| 2007-12-31 | ฿441.78 Million | -34.93% |
| 2006-12-31 | ฿678.99 Million | +14.55% |
| 2005-12-31 | ฿592.76 Million | +7.25% |
| 2004-12-31 | ฿552.69 Million | +921.32% |
| 2003-12-31 | ฿54.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dcon Products 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 5067.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿729.49 Million | 27.32% |
| Other Components | ฿1.94 Billion | 72.68% |
| Total Equity | ฿2.67 Billion | 100.00% |
Dcon Products Public Company Limited Competitors by Market Cap
The table below lists competitors of Dcon Products Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aaron Industries Limited
NSE:AARON
|
$9.17 Million |
|
Snipp Interactive Inc
PINK:SNIPF
|
$9.17 Million |
|
Galleon Gold Corp
PINK:PNCKF
|
$9.17 Million |
|
Talius Group Ltd.
AU:TAL
|
$9.18 Million |
|
oodash Group AB (publ)
ST:OODA
|
$9.17 Million |
|
Prodigy Public Company Limited
BK:PDG
|
$9.16 Million |
|
Star Money Public Company Limited
BK:STARM
|
$9.16 Million |
|
Protasco Bhd
KLSE:5070
|
$9.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dcon Products Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,672,872,687 to 2,670,665,733, a change of -2,206,954 (-0.1%).
- Net income of 8,291,188 contributed positively to equity growth.
- Dividend payments of 14,813,108 reduced retained earnings.
- Other comprehensive income decreased equity by 67,768,652.
- Other factors increased equity by 72,083,618.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿8.29 Million | +0.31% |
| Dividends Paid | ฿14.81 Million | -0.55% |
| Other Comprehensive Income | ฿-67.77 Million | -2.54% |
| Other Changes | ฿72.08 Million | +2.7% |
| Total Change | ฿- | -0.08% |
Book Value vs Market Value Analysis
This analysis compares Dcon Products 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: 0.44x
- 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 0.76x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.29 | ฿0.22 | x |
| 2007-12-31 | ฿0.30 | ฿0.22 | x |
| 2008-12-31 | ฿0.31 | ฿0.22 | x |
| 2009-12-31 | ฿0.30 | ฿0.22 | x |
| 2010-12-31 | ฿0.32 | ฿0.22 | x |
| 2011-12-31 | ฿0.34 | ฿0.22 | x |
| 2012-12-31 | ฿0.38 | ฿0.22 | x |
| 2013-12-31 | ฿0.45 | ฿0.22 | x |
| 2014-12-31 | ฿0.35 | ฿0.22 | x |
| 2015-12-31 | ฿0.23 | ฿0.22 | x |
| 2016-12-31 | ฿0.40 | ฿0.22 | x |
| 2017-12-31 | ฿0.44 | ฿0.22 | x |
| 2018-12-31 | ฿0.44 | ฿0.22 | x |
| 2019-12-31 | ฿0.45 | ฿0.22 | x |
| 2020-12-31 | ฿0.45 | ฿0.22 | x |
| 2021-12-31 | ฿0.46 | ฿0.22 | x |
| 2022-12-31 | ฿0.47 | ฿0.22 | x |
| 2023-12-31 | ฿0.45 | ฿0.22 | x |
| 2024-12-31 | ฿0.42 | ฿0.22 | x |
| 2025-12-31 | ฿0.50 | ฿0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dcon Products 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): 0.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.43x
- Recent ROE (0.31%) is below the historical average (15.16%), 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 | 131.05% | 19.33% | 1.73x | 3.92x | ฿65.51 Million |
| 2004 | 21.37% | 18.61% | 0.98x | 1.17x | ฿62.14 Million |
| 2005 | 12.40% | 10.70% | 0.93x | 1.25x | ฿13.87 Million |
| 2006 | 7.99% | 7.12% | 0.77x | 1.45x | ฿-12.17 Million |
| 2007 | 5.16% | 4.67% | 1.08x | 1.03x | ฿-30.45 Million |
| 2008 | 3.68% | 2.97% | 0.95x | 1.31x | ฿-40.19 Million |
| 2009 | 0.55% | 0.60% | 0.78x | 1.18x | ฿-59.11 Million |
| 2010 | 10.52% | 9.67% | 0.91x | 1.20x | ฿3.51 Million |
| 2011 | 11.68% | 10.22% | 0.98x | 1.17x | ฿12.07 Million |
| 2012 | 17.92% | 14.18% | 0.99x | 1.28x | ฿64.55 Million |
| 2013 | 22.66% | 16.43% | 1.01x | 1.36x | ฿120.34 Million |
| 2014 | 30.78% | 17.65% | 1.33x | 1.31x | ฿221.95 Million |
| 2015 | 18.82% | 15.29% | 0.86x | 1.43x | ฿82.59 Million |
| 2016 | 7.40% | 13.63% | 0.47x | 1.15x | ฿-48.47 Million |
| 2017 | 10.04% | 23.80% | 0.38x | 1.12x | ฿841.85K |
| 2018 | 7.14% | 13.24% | 0.49x | 1.11x | ฿-65.21 Million |
| 2019 | 5.50% | 11.18% | 0.45x | 1.10x | ฿-107.69 Million |
| 2020 | 3.83% | 9.96% | 0.33x | 1.16x | ฿-148.67 Million |
| 2021 | 4.52% | 11.63% | 0.35x | 1.10x | ฿-136.21 Million |
| 2022 | 5.29% | 11.60% | 0.37x | 1.22x | ฿-120.40 Million |
| 2023 | 7.89% | 14.98% | 0.37x | 1.41x | ฿-57.55 Million |
| 2024 | 2.21% | 5.43% | 0.29x | 1.43x | ฿-208.11 Million |
| 2025 | 0.31% | 0.92% | 0.24x | 1.43x | ฿-258.78 Million |
Industry Comparison
This section compares Dcon Products Public Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,922,474,720
- Average return on equity (ROE) among peers: 5.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dcon Products Public Company Limited (DCON) | ฿2.71 Billion | 131.05% | 0.41x | $9.17 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.46 Billion | -1.54% | 1.04x | $9.62 Million |
| CPanel PCL (CPANEL) | $453.90 Million | 14.97% | 0.51x | $3.90 Million |
| General Engineering Public Company Limited (GEL) | $527.67 Million | -12.22% | 0.64x | $4.96 Million |
| SCG Decor PCL (SCGD) | $21.31 Billion | 1.54% | 0.95x | $61.51 Million |
| Southern Concrete Pile PCL (SCP) | $442.74 Million | 10.24% | 1.50x | $31.95 Million |
| Sirakorn PCL (SK) | $423.20 Million | 11.79% | 0.28x | $4.35 Million |
| Smart Concrete Public Company Limited (SMART) | $671.77 Million | 15.87% | 0.22x | $5.27 Million |
| STC Concrete Product Public Company Limited (STC) | $366.28 Million | 2.62% | 1.17x | $1.51 Million |
| STONE ONE PUBLIC COMPANY LIMITED (STX) | $643.44 Million | 5.91% | 0.18x | $3.55 Million |