Eastern Technical Engineering Public Company Limited (ETE) - Net Assets
Based on the latest financial reports, Eastern Technical Engineering Public Company Limited (ETE) has net assets worth ฿968.31 Million THB (≈ $30.18 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.37 Billion ≈ $73.92 Million USD) and total liabilities (฿1.40 Billion ≈ $43.74 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 Eastern Technical Engineering Public Com asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿968.31 Million |
| % of Total Assets | 40.83% |
| Annual Growth Rate | 53.28% |
| 5-Year Change | 8.46% |
| 10-Year Change | 527.71% |
| Growth Volatility | 252.4 |
Eastern Technical Engineering Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Eastern Technical Engineering Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ETE asset base for the complete picture of this company's asset base.
Annual Net Assets for Eastern Technical Engineering Public Company Limited (2012–2024)
The table below shows the annual net assets of Eastern Technical Engineering Public Company Limited from 2012 to 2024. For live valuation and market cap data, see how much is Eastern Technical Engineering Public Com worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿957.94 Million ≈ $29.86 Million |
-0.41% |
| 2023-12-31 | ฿961.85 Million ≈ $29.98 Million |
+6.06% |
| 2022-12-31 | ฿906.91 Million ≈ $28.27 Million |
+2.42% |
| 2021-12-31 | ฿885.50 Million ≈ $27.60 Million |
+0.26% |
| 2020-12-31 | ฿883.24 Million ≈ $27.53 Million |
+6.80% |
| 2019-12-31 | ฿827.00 Million ≈ $25.78 Million |
+3.29% |
| 2018-12-31 | ฿800.67 Million ≈ $24.96 Million |
-9.38% |
| 2017-12-31 | ฿883.54 Million ≈ $27.54 Million |
+248.02% |
| 2016-12-31 | ฿253.87 Million ≈ $7.91 Million |
+66.36% |
| 2015-12-31 | ฿152.61 Million ≈ $4.76 Million |
+58.45% |
| 2014-12-31 | ฿96.31 Million ≈ $3.00 Million |
+65.78% |
| 2013-12-31 | ฿58.10 Million ≈ $1.81 Million |
+920.05% |
| 2012-12-31 | ฿5.70 Million ≈ $177.53K |
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Equity Component Analysis
This analysis shows how different components contribute to Eastern Technical Engineering 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 22722745400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿149.93 Million | 15.66% |
| Common Stock | ฿280.00 Million | 29.25% |
| Other Comprehensive Income | ฿19.68 Million | 2.06% |
| Other Components | ฿507.73 Million | 53.04% |
| Total Equity | ฿957.34 Million | 100.00% |
Eastern Technical Engineering Public Company Limited Competitors by Market Cap
The table below lists competitors of Eastern Technical Engineering Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brimstone Investment Corporation Ltd
JSE:BRT
|
$10.49 Million |
|
Kim Hin Joo
KLSE:0210
|
$10.49 Million |
|
Platina Resources Ltd
AU:PGM
|
$10.50 Million |
|
Af Legal Group Ltd
AU:AFL
|
$10.50 Million |
|
Teera-Mongkol Industry Public Company Limited
BK:TMI
|
$10.46 Million |
|
Gamma Communications PLC
LSE:GAMA
|
$10.46 Million |
|
BeMetals Corp
V:BMET
|
$10.46 Million |
|
Standard Industries Limited
NSE:SIL
|
$10.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eastern Technical Engineering Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 960,815,610 to 957,344,953, a change of -3,470,657 (-0.4%).
- Net income of 13,329,343 contributed positively to equity growth.
- Dividend payments of 16,800,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,901,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿13.33 Million | +1.39% |
| Dividends Paid | ฿16.80 Million | -1.75% |
| Other Comprehensive Income | ฿2.90 Million | +0.3% |
| Other Changes | ฿-2.90 Million | -0.3% |
| Total Change | ฿- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares Eastern Technical Engineering 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: 0.35x
- 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 17.43x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.03 | ฿0.60 | x |
| 2013-12-31 | ฿0.35 | ฿0.60 | x |
| 2014-12-31 | ฿0.21 | ฿0.60 | x |
| 2015-12-31 | ฿0.36 | ฿0.60 | x |
| 2016-12-31 | ฿0.60 | ฿0.60 | x |
| 2017-12-31 | ฿1.62 | ฿0.60 | x |
| 2018-12-31 | ฿1.42 | ฿0.60 | x |
| 2019-12-31 | ฿1.47 | ฿0.60 | x |
| 2020-12-31 | ฿1.57 | ฿0.60 | x |
| 2021-12-31 | ฿1.57 | ฿0.60 | x |
| 2022-12-31 | ฿1.62 | ฿0.60 | x |
| 2023-12-31 | ฿1.72 | ฿0.60 | x |
| 2024-12-31 | ฿1.71 | ฿0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eastern Technical Engineering 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): 1.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.56x
- Recent ROE (1.39%) is below the historical average (49.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 543.43% | 4.39% | 1.17x | 105.52x | ฿30.38 Million |
| 2013 | 13.78% | 0.92% | 1.39x | 10.72x | ฿2.20 Million |
| 2014 | 18.20% | 1.41% | 1.26x | 10.24x | ฿7.22 Million |
| 2015 | 40.83% | 3.92% | 1.59x | 6.55x | ฿46.95 Million |
| 2016 | 12.31% | 2.21% | 0.67x | 8.29x | ฿5.85 Million |
| 2017 | 7.98% | 4.45% | 0.69x | 2.59x | ฿-17.74 Million |
| 2018 | -9.25% | -4.40% | 0.79x | 2.67x | ฿-153.11 Million |
| 2019 | 3.48% | 1.56% | 0.84x | 2.67x | ฿-53.48 Million |
| 2020 | 5.94% | 3.57% | 0.75x | 2.22x | ฿-35.68 Million |
| 2021 | 3.03% | 1.94% | 0.74x | 2.12x | ฿-61.42 Million |
| 2022 | 2.58% | 1.86% | 0.59x | 2.36x | ฿-67.15 Million |
| 2023 | 4.94% | 2.95% | 0.66x | 2.55x | ฿-48.59 Million |
| 2024 | 1.39% | 0.95% | 0.57x | 2.56x | ฿-82.41 Million |
Industry Comparison
This section compares Eastern Technical Engineering Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $58,240,864,797
- Average return on equity (ROE) among peers: 4.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eastern Technical Engineering Public Company Limited (ETE) | ฿968.31 Million | 543.43% | 1.45x | $10.47 Million |
| Advanced Connection Corporation Public Company Limited (ACC) | $525.99 Million | -14.49% | 0.74x | $26.37 Million |
| Berli Jucker PCL (BJC) | $11.37 Billion | 11.10% | 1.03x | $1.76 Billion |
| Forth Corporation Public Company Limited (FORTH) | $2.63 Billion | 13.91% | 1.61x | $269.68 Million |
| Loxley Public Company Limited (LOXLEY) | $6.41 Billion | 5.50% | 1.15x | $91.78 Million |
| MBK Public Company Limited (MBK) | $10.46 Billion | 13.39% | 1.02x | $740.55 Million |
| MBK Public Company Limited (MBK-R) | $20.35 Billion | 10.09% | 1.09x | $775.40 Million |
| The Siam Cement Public Company Limited (SCC) | $450.01 Billion | 10.48% | 0.91x | $8.98 Billion |
| Siamraj Public Company Limited (SR) | $692.17 Million | -17.03% | 2.42x | $6.33 Million |
| Saha-Union Public Company Limited (SUC) | $21.71 Billion | 6.19% | 0.18x | $252.47 Million |
About Eastern Technical Engineering Public Company Limited
Eastern Technical Engineering Public Company Limited, together with its subsidiary, provides management and installation services for electricity transmission and telecommunication networks primarily in Thailand. The company offers personnel management and business process management; electrical power and telecommunication engineering system services; and generates renewable energy from solar ene… Read more