Dcon Products Public Company Limited (DCON) - Net Assets

Latest as of December 2025: ฿2.71 Billion THB ≈ $84.56 Million USD

Based on the latest financial reports, Dcon Products Public Company Limited (DCON) has net assets worth ฿2.71 Billion THB (≈ $84.56 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 (฿3.81 Billion ≈ $118.88 Million USD) and total liabilities (฿1.10 Billion ≈ $34.32 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 how resilient are Dcon Products Public Company Limited's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore DCON total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see DCON market cap.

Year	Net Assets	Change
2025-12-31	฿2.71 Billion ≈ $84.56 Million	-0.19%
2024-12-31	฿2.72 Billion ≈ $84.72 Million	-1.47%
2023-12-31	฿2.76 Billion ≈ $85.98 Million	+6.75%
2022-12-31	฿2.58 Billion ≈ $80.54 Million	+2.79%
2021-12-31	฿2.51 Billion ≈ $78.36 Million	+2.78%
2020-12-31	฿2.45 Billion ≈ $76.24 Million	+0.62%
2019-12-31	฿2.43 Billion ≈ $75.77 Million	+6.13%
2018-12-31	฿2.29 Billion ≈ $71.39 Million	+3.28%
2017-12-31	฿2.22 Billion ≈ $69.12 Million	+18.68%
2016-12-31	฿1.87 Billion ≈ $58.24 Million	+99.64%
2015-12-31	฿936.01 Million ≈ $29.17 Million	-12.36%
2014-12-31	฿1.07 Billion ≈ $33.29 Million	+12.38%
2013-12-31	฿950.41 Million ≈ $29.62 Million	+16.69%
2012-12-31	฿814.47 Million ≈ $25.39 Million	+13.36%
2011-12-31	฿718.48 Million ≈ $22.39 Million	+3.53%
2010-12-31	฿693.96 Million ≈ $21.63 Million	+8.33%
2009-12-31	฿640.60 Million ≈ $19.97 Million	-1.67%
2008-12-31	฿651.50 Million ≈ $20.31 Million	+47.47%
2007-12-31	฿441.78 Million ≈ $13.77 Million	-34.93%
2006-12-31	฿678.99 Million ≈ $21.16 Million	+14.55%
2005-12-31	฿592.76 Million ≈ $18.48 Million	+7.25%
2004-12-31	฿552.69 Million ≈ $17.23 Million	+921.32%
2003-12-31	฿54.12 Million ≈ $1.69 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
DK&D Co.Ltd KQ:263020	$35.27 Million
Online Brands Nordic AB ST:OBAB	$35.27 Million
Sprintex Ltd AU:SIX	$35.27 Million
MDX Public Company Limited BK:MDX	$35.28 Million
PetVivo Holdings Inc NASDAQ:PETV	$35.24 Million
Pacgold Ltd AU:PGO	$35.23 Million
Bangkok Dec-Con Public Company Limited BK:BKD	$35.22 Million
Thai Agro Energy Public Company Limited BK:TAE	$35.22 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: 0.42x
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 0.73x to 0.42x 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	฿0.21	x
2007-12-31	฿0.30	฿0.21	x
2008-12-31	฿0.31	฿0.21	x
2009-12-31	฿0.30	฿0.21	x
2010-12-31	฿0.32	฿0.21	x
2011-12-31	฿0.34	฿0.21	x
2012-12-31	฿0.38	฿0.21	x
2013-12-31	฿0.45	฿0.21	x
2014-12-31	฿0.35	฿0.21	x
2015-12-31	฿0.23	฿0.21	x
2016-12-31	฿0.40	฿0.21	x
2017-12-31	฿0.44	฿0.21	x
2018-12-31	฿0.44	฿0.21	x
2019-12-31	฿0.45	฿0.21	x
2020-12-31	฿0.45	฿0.21	x
2021-12-31	฿0.46	฿0.21	x
2022-12-31	฿0.47	฿0.21	x
2023-12-31	฿0.45	฿0.21	x
2024-12-31	฿0.42	฿0.21	x
2025-12-31	฿0.50	฿0.21	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: $9,832,400,082
Average return on equity (ROE) among peers: 0.63%

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	$35.26 Million
Chonburi Concrete Product Public Company Limited (CCP)	$573.31 Million	-34.45%	4.88x	$23.29 Million
General Engineering Public Company Limited (GEL)	$4.20 Billion	-10.95%	1.51x	$8.05 Million
Siam City Cement Public Company Limited (SCCC)	$16.80 Billion	24.24%	0.25x	$1.30 Billion
Southern Concrete Pile PCL (SCP)	$189.61 Million	20.36%	4.02x	$71.71 Million
Smart Concrete Public Company Limited (SMART)	$472.05 Million	-15.71%	0.36x	$18.18 Million
Tipco Asphalt Public Company Limited (TASCO)	$1.84 Billion	1.64%	1.71x	$664.15 Million
Tipco Asphalt Public Company Limited (TASCO-R)	$5.89 Billion	14.11%	2.44x	$737.94 Million
TPI Polene Public Company Limited (TPIPL)	$57.71 Billion	1.05%	0.43x	$507.57 Million
Thai Wire Products Public Company Limited (TWP)	$809.93 Million	5.36%	0.83x	$9.57 Million

About Dcon Products Public Company Limited

BK:DCON Thailand Building Materials

Market Cap

$35.26 Million

฿1.13 Billion THB

Market Cap Rank

#23161 Global

#415 in Thailand

Share Price

฿0.21

Change (1 day)

+0.00%

52-Week Range

฿0.20 - ฿0.28

All Time High

฿0.77