Eason & Co Public Company Limited (EASON) - Net Assets
Based on the latest financial reports, Eason & Co Public Company Limited (EASON) has net assets worth ฿992.69 Million THB (≈ $30.94 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.21 Billion ≈ $37.78 Million USD) and total liabilities (฿219.28 Million ≈ $6.83 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. Also explore Eason & Co Public Company Limited asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿992.69 Million |
| % of Total Assets | 81.91% |
| Annual Growth Rate | 9.04% |
| 5-Year Change | -4.93% |
| 10-Year Change | -7.94% |
| Growth Volatility | 44.4 |
Eason & Co Public Company Limited - Net Assets Trend (2004–2025)
This chart illustrates how Eason & Co Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check Eason & Co Public Company Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Eason & Co Public Company Limited (2004–2025)
The table below shows the annual net assets of Eason & Co Public Company Limited from 2004 to 2025. For live valuation and market cap data, see EASON market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿966.82 Million ≈ $30.14 Million |
-0.21% |
| 2024-12-31 | ฿968.85 Million ≈ $30.20 Million |
-14.17% |
| 2023-12-31 | ฿1.13 Billion ≈ $35.19 Million |
+7.57% |
| 2022-12-31 | ฿1.05 Billion ≈ $32.71 Million |
+3.19% |
| 2021-12-31 | ฿1.02 Billion ≈ $31.70 Million |
+5.89% |
| 2020-12-31 | ฿960.38 Million ≈ $29.93 Million |
-15.99% |
| 2019-12-31 | ฿1.14 Billion ≈ $35.63 Million |
-6.44% |
| 2018-12-31 | ฿1.22 Billion ≈ $38.09 Million |
-0.54% |
| 2017-12-31 | ฿1.23 Billion ≈ $38.29 Million |
+16.99% |
| 2016-12-31 | ฿1.05 Billion ≈ $32.73 Million |
+51.10% |
| 2015-12-31 | ฿695.00 Million ≈ $21.66 Million |
+5.48% |
| 2014-12-31 | ฿658.92 Million ≈ $20.54 Million |
+1.91% |
| 2013-12-31 | ฿646.58 Million ≈ $20.15 Million |
+3.16% |
| 2012-12-31 | ฿626.77 Million ≈ $19.54 Million |
+13.33% |
| 2011-12-31 | ฿553.06 Million ≈ $17.24 Million |
+15.28% |
| 2010-12-31 | ฿479.75 Million ≈ $14.95 Million |
+0.01% |
| 2009-12-31 | ฿479.70 Million ≈ $14.95 Million |
+7.61% |
| 2008-12-31 | ฿445.80 Million ≈ $13.90 Million |
+120.32% |
| 2007-12-31 | ฿202.34 Million ≈ $6.31 Million |
-51.97% |
| 2006-12-31 | ฿421.29 Million ≈ $13.13 Million |
+3.71% |
| 2005-12-31 | ฿406.23 Million ≈ $12.66 Million |
+158.84% |
| 2004-12-31 | ฿156.94 Million ≈ $4.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Eason & Co 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 34.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿165.18 Million | 18.10% |
| Common Stock | ฿566.76 Million | 62.10% |
| Other Comprehensive Income | ฿-16.28 Million | -1.78% |
| Other Components | ฿197.03 Million | 21.59% |
| Total Equity | ฿912.69 Million | 100.00% |
Eason & Co Public Company Limited Competitors by Market Cap
The table below lists competitors of Eason & Co Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIMPPLE LTD. Ordinary Shares
NASDAQ:SPPL
|
$19.77 Million |
|
Asuransi Ramayana Tbk
JK:ASRM
|
$19.77 Million |
|
Next Entertainment World Co. Ltd
KQ:160550
|
$19.78 Million |
|
Photon Energy N.V.
WAR:PEN
|
$19.78 Million |
|
Wiscom
KO:024070
|
$19.77 Million |
|
Ziga Innovation Public Company Limited
BK:ZIGA
|
$19.76 Million |
|
Thermon Group Holdings Inc
NYSE:THR
|
$19.76 Million |
|
Signetics Corporation
KQ:033170
|
$19.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eason & Co Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 909,354,986 to 912,693,171, a change of 3,338,185 (0.4%).
- Net income of 91,689,887 contributed positively to equity growth.
- Dividend payments of 42,470,876 reduced retained earnings.
- Share repurchases of 35,238,776 reduced equity.
- Other comprehensive income decreased equity by 69,841,931.
- Other factors increased equity by 59,199,881.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿91.69 Million | +10.05% |
| Dividends Paid | ฿42.47 Million | -4.65% |
| Share Repurchases | ฿35.24 Million | -3.86% |
| Other Comprehensive Income | ฿-69.84 Million | -7.65% |
| Other Changes | ฿59.20 Million | +6.49% |
| Total Change | ฿- | 0.37% |
Book Value vs Market Value Analysis
This analysis compares Eason & Co 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: 0.72x
- 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 0.61x to 0.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.92 | ฿1.18 | x |
| 2007-12-31 | ฿1.65 | ฿1.18 | x |
| 2008-12-31 | ฿1.56 | ฿1.18 | x |
| 2009-12-31 | ฿1.75 | ฿1.18 | x |
| 2010-12-31 | ฿1.79 | ฿1.18 | x |
| 2011-12-31 | ฿1.94 | ฿1.18 | x |
| 2012-12-31 | ฿2.02 | ฿1.18 | x |
| 2013-12-31 | ฿2.07 | ฿1.18 | x |
| 2014-12-31 | ฿2.12 | ฿1.18 | x |
| 2015-12-31 | ฿1.72 | ฿1.18 | x |
| 2016-12-31 | ฿3.12 | ฿1.18 | x |
| 2017-12-31 | ฿2.45 | ฿1.18 | x |
| 2018-12-31 | ฿2.11 | ฿1.18 | x |
| 2019-12-31 | ฿1.97 | ฿1.18 | x |
| 2020-12-31 | ฿1.65 | ฿1.18 | x |
| 2021-12-31 | ฿1.74 | ฿1.18 | x |
| 2022-12-31 | ฿1.79 | ฿1.18 | x |
| 2023-12-31 | ฿1.93 | ฿1.18 | x |
| 2024-12-31 | ฿1.60 | ฿1.18 | x |
| 2025-12-31 | ฿1.65 | ฿1.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eason & Co 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.80%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.25x
- Recent ROE (10.05%) is above the historical average (9.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 45.93% | 9.98% | 1.42x | 3.23x | ฿46.67 Million |
| 2005 | 17.36% | 10.53% | 1.12x | 1.47x | ฿27.86 Million |
| 2006 | 14.89% | 8.92% | 1.16x | 1.44x | ฿19.45 Million |
| 2007 | 11.91% | 7.06% | 1.62x | 1.04x | ฿7.91 Million |
| 2008 | 11.62% | 6.70% | 1.00x | 1.74x | ฿6.62 Million |
| 2009 | 12.53% | 7.78% | 1.02x | 1.57x | ฿10.76 Million |
| 2010 | 10.37% | 6.51% | 1.00x | 1.59x | ฿1.62 Million |
| 2011 | 9.74% | 7.14% | 1.00x | 1.36x | ฿-1.34 Million |
| 2012 | 18.64% | 17.38% | 0.85x | 1.26x | ฿51.49 Million |
| 2013 | 15.77% | 18.25% | 0.66x | 1.32x | ฿35.32 Million |
| 2014 | 10.51% | 14.52% | 0.53x | 1.35x | ฿3.17 Million |
| 2015 | 10.80% | 15.32% | 0.55x | 1.29x | ฿5.27 Million |
| 2016 | 8.73% | 17.03% | 0.40x | 1.29x | ฿-12.90 Million |
| 2017 | 7.28% | 15.72% | 0.39x | 1.19x | ฿-32.59 Million |
| 2018 | 5.01% | 11.25% | 0.38x | 1.16x | ฿-59.55 Million |
| 2019 | -2.32% | -5.18% | 0.40x | 1.13x | ฿-137.76 Million |
| 2020 | -17.24% | -32.97% | 0.40x | 1.29x | ฿-255.17 Million |
| 2021 | -6.38% | -11.76% | 0.45x | 1.20x | ฿-161.28 Million |
| 2022 | 6.35% | 9.15% | 0.54x | 1.27x | ฿-37.03 Million |
| 2023 | 11.23% | 16.28% | 0.57x | 1.22x | ฿13.44 Million |
| 2024 | 7.02% | 8.06% | 0.67x | 1.31x | ฿-27.08 Million |
| 2025 | 10.05% | 12.80% | 0.63x | 1.25x | ฿420.57K |
Industry Comparison
This section compares Eason & Co 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: $2,576,400,936
- Average return on equity (ROE) among peers: 3.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eason & Co Public Company Limited (EASON) | ฿992.69 Million | 45.93% | 0.22x | $19.77 Million |
| Salee Colour Public Company Limited (COLOR) | $708.92 Million | 4.70% | 0.50x | $18.17 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $82.06 Million | -46.96% | 0.98x | $5.03 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $9.92 Billion | 13.92% | 0.29x | $532.37 Million |
| Global Connections Public Company Limited (GC) | $387.83 Million | 20.74% | 1.87x | $72.00 Million |
| Megachem (Thailand) Public Company Limited (MGT) | $345.58 Million | 25.74% | 0.28x | $23.81 Million |
| Polyplex (Thailand) Public Company Limited (PTL) | $329.81 Million | 0.00% | 2.02x | $403.95 Million |
| Polyplex (Thailand) Public Company Limited (PTL-R) | $8.19 Billion | 4.57% | 1.01x | $276.31 Million |
| Salee Industry Public Company Limited (SALEE) | $1.58 Billion | -2.84% | 0.22x | $27.96 Million |
| Selic Corp Public Company Limited (SELIC) | $1.64 Billion | 8.95% | 0.95x | $55.64 Million |
About Eason & Co Public Company Limited
Eason & Co Public Company Limited manufactures and sells industrial and automotive paints primarily in Thailand. It operates through three segments: Automotive Paints, Other Industrial Paints, and Other. The company offers packaging coatings for interior and exterior application to crown caps, ROPP, screw caps, lug caps, and other closures. It also provides offset inks, including metal decorating… Read more