Euroasia Total Logistics PCL
Euroasia Total Logistics Public Company Limited provides cross-border transportation services in Thailand and internationally. The company offers cross boarder road freight solutions; and inland transportation services. It also involved in the operation of multimodal hubs for FTL and LTL consolidation; and road-rail solutions, including provision of multimodal transportation services in China, La… Read more
Euroasia Total Logistics PCL (ETL) - Net Assets
Latest net assets as of June 2024: ฿676.80 Million THB
Based on the latest financial reports, Euroasia Total Logistics PCL (ETL) has net assets worth ฿676.80 Million THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.01 Billion) and total liabilities (฿334.93 Million). 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 | ฿676.80 Million |
| % of Total Assets | 66.9% |
| Annual Growth Rate | 33.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.23 |
Euroasia Total Logistics PCL - Net Assets Trend (2021–2023)
This chart illustrates how Euroasia Total Logistics PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Euroasia Total Logistics PCL (2021–2023)
The table below shows the annual net assets of Euroasia Total Logistics PCL from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿659.10 Million | +61.43% |
| 2022-12-31 | ฿408.29 Million | +10.97% |
| 2021-12-31 | ฿367.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Euroasia Total Logistics PCL'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 decreased by 57.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿55.85 Million | 8.46% |
| Other Components | ฿604.66 Million | 91.54% |
| Total Equity | ฿660.51 Million | 100.00% |
Euroasia Total Logistics PCL Competitors by Market Cap
The table below lists competitors of Euroasia Total Logistics PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Willy Food
TA:WLFD
|
$2.31 Million |
|
Tuju Setia Bhd
KLSE:5297
|
$2.31 Million |
|
Chic Republic PCL
BK:CHIC
|
$2.31 Million |
|
Rapid Lithium Limited
AU:RLL
|
$2.31 Million |
|
Whitebark Energy Ltd
AU:WBE
|
$2.31 Million |
|
ZW Data Action Technologies Inc
NASDAQ:CNET
|
$2.31 Million |
|
Immo-Zenobe Gramme SA
BR:ZEN
|
$2.31 Million |
|
Nine Mile Metals Ltd
PINK:VMSXF
|
$2.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Euroasia Total Logistics PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 408,524,563 to 660,512,126, a change of 251,987,563 (61.7%).
- Net income of 57,506,834 contributed positively to equity growth.
- Dividend payments of 78,942,486 reduced retained earnings.
- New share issuances of 275,463,704 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿57.51 Million | +8.71% |
| Dividends Paid | ฿78.94 Million | -11.95% |
| Share Issuances | ฿275.46 Million | +41.7% |
| Other Changes | ฿-2.04 Million | -0.31% |
| Total Change | ฿- | 61.68% |
Book Value vs Market Value Analysis
This analysis compares Euroasia Total Logistics PCL'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: 0.48x
- 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 0.87x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ฿0.59 | ฿0.51 | x |
| 2022-12-31 | ฿0.66 | ฿0.51 | x |
| 2023-12-31 | ฿1.07 | ฿0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Euroasia Total Logistics PCL 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): 8.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.64%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.62x
- Recent ROE (8.71%) is below the historical average (17.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 29.24% | 5.72% | 1.64x | 3.12x | ฿69.87 Million |
| 2022 | 14.18% | 3.92% | 1.45x | 2.49x | ฿17.06 Million |
| 2023 | 8.71% | 4.64% | 1.16x | 1.62x | ฿-8.54 Million |
Industry Comparison
This section compares Euroasia Total Logistics PCL's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $957,136,502
- Average return on equity (ROE) among peers: 11.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Euroasia Total Logistics PCL (ETL) | ฿676.80 Million | 29.24% | 0.49x | $2.31 Million |
| Begistics Public Company Limited (B) | $2.17 Billion | 3.29% | 0.11x | $7.40 Million |
| Triple i Logistics Public Company Limited (III) | $2.67 Billion | 29.78% | 0.38x | $42.36 Million |
| Leo Global Logistics Public Company Limited (LEO) | $113.28 Million | 15.06% | 1.86x | $9.02 Million |
| M P J Logistics Public Company Limited (MPJ) | $6.55 Million | 4.12% | 3.22x | $10.15 Million |
| NCL International Logistics Public Company Limited (NCL) | $325.21 Million | 6.01% | 0.64x | $2.61 Million |
| Sino Logistics Corporation Public Company Limited (SINO) | $862.13 Million | 6.11% | 0.59x | $8.44 Million |
| SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) | $1.49 Billion | 25.19% | 1.78x | $87.91 Million |
| Sonic Interfreight Public Company Limited (SONIC) | $560.83 Million | 8.31% | 0.50x | $15.83 Million |
| Thai Parcels Public Company Limited (TPL) | $413.92 Million | 5.15% | 0.49x | $7.75 Million |