Fine Metal Technologies Public Company Limited
Fine Metal Technologies Public Company Limited manufactures and distributes seamless copper tubes in Thailand, Japan, Malaysia, and internationally. It offers smooth tubes for heat exchanger and piping; multi-grooved tubes to produce the air conditioners; accumulator tubes for use as the pressure reservoir tank or refrigerant; and capillary tubes. The company was formerly known as Furukawa Metal … Read more
Fine Metal Technologies Public Company Limited (FMT) - Net Assets
Latest net assets as of September 2025: ฿1.39 Billion THB
Based on the latest financial reports, Fine Metal Technologies Public Company Limited (FMT) has net assets worth ฿1.39 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.49 Billion) and total liabilities (฿2.10 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 | ฿1.39 Billion |
| % of Total Assets | 39.91% |
| Annual Growth Rate | 0.99% |
| 5-Year Change | -5.79% |
| 10-Year Change | 12.3% |
| Growth Volatility | 6.81 |
Fine Metal Technologies Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Fine Metal Technologies 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 Fine Metal Technologies Public Company Limited (2000–2024)
The table below shows the annual net assets of Fine Metal Technologies Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.48 Billion | -10.24% |
| 2023-12-31 | ฿1.65 Billion | -1.79% |
| 2022-12-31 | ฿1.68 Billion | -2.20% |
| 2021-12-31 | ฿1.72 Billion | +9.28% |
| 2020-12-31 | ฿1.57 Billion | -2.09% |
| 2019-12-31 | ฿1.61 Billion | +2.96% |
| 2018-12-31 | ฿1.56 Billion | +5.58% |
| 2017-12-31 | ฿1.48 Billion | +2.98% |
| 2016-12-31 | ฿1.43 Billion | +8.75% |
| 2015-12-31 | ฿1.32 Billion | +6.66% |
| 2014-12-31 | ฿1.24 Billion | +5.55% |
| 2013-12-31 | ฿1.17 Billion | +7.35% |
| 2012-12-31 | ฿1.09 Billion | -2.41% |
| 2011-12-31 | ฿1.12 Billion | -10.49% |
| 2010-12-31 | ฿1.25 Billion | +7.02% |
| 2009-12-31 | ฿1.17 Billion | -18.17% |
| 2008-12-31 | ฿1.43 Billion | +1.85% |
| 2007-12-31 | ฿1.40 Billion | -1.92% |
| 2006-12-31 | ฿1.43 Billion | -4.98% |
| 2005-12-31 | ฿1.50 Billion | +1.77% |
| 2004-12-31 | ฿1.48 Billion | +8.89% |
| 2003-12-31 | ฿1.36 Billion | +4.98% |
| 2002-12-31 | ฿1.29 Billion | +3.73% |
| 2001-12-31 | ฿1.25 Billion | +6.61% |
| 2000-12-31 | ฿1.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fine Metal Technologies 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 184.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿448.42 Million | 30.28% |
| Common Stock | ฿480.00 Million | 32.41% |
| Other Comprehensive Income | ฿45.22 Million | 3.05% |
| Other Components | ฿507.50 Million | 34.26% |
| Total Equity | ฿1.48 Billion | 100.00% |
Fine Metal Technologies Public Company Limited Competitors by Market Cap
The table below lists competitors of Fine Metal Technologies Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Express Transindo Utama Tbk
JK:TAXI
|
$8.80 Million |
|
Noxopharm Limited
PINK:NOXOF
|
$8.80 Million |
|
Irving Resources Inc
OTCQX:IRVRF
|
$8.80 Million |
|
Denali Capital Acquisition Corp. Class A Ordinary Shares
NASDAQ:DECA
|
$8.81 Million |
|
418620
KQ:418620
|
$8.79 Million |
|
GSD Technologies Co. Ltd
TW:6641
|
$8.79 Million |
|
KRM22 Plc
PINK:KRMCF
|
$8.79 Million |
|
Oil Terminal C
RO:OIL
|
$8.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fine Metal Technologies Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,650,068,387 to 1,481,141,232, a change of -168,927,155 (-10.2%).
- Net loss of 36,396,960 reduced equity.
- Dividend payments of 124,842,239 reduced retained earnings.
- Other comprehensive income increased equity by 879,829.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-36.40 Million | -2.46% |
| Dividends Paid | ฿124.84 Million | -8.43% |
| Other Comprehensive Income | ฿879.83K | +0.06% |
| Other Changes | ฿-8.57 Million | -0.58% |
| Total Change | ฿- | -10.24% |
Book Value vs Market Value Analysis
This analysis compares Fine Metal Technologies 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: 0.65x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿29.75 | ฿20.10 | x |
| 2007-12-31 | ฿29.25 | ฿20.10 | x |
| 2008-12-31 | ฿29.72 | ฿20.10 | x |
| 2009-12-31 | ฿24.32 | ฿20.10 | x |
| 2010-12-31 | ฿26.02 | ฿20.10 | x |
| 2011-12-31 | ฿23.29 | ฿20.10 | x |
| 2012-12-31 | ฿22.73 | ฿20.10 | x |
| 2013-12-31 | ฿24.40 | ฿20.10 | x |
| 2014-12-31 | ฿25.76 | ฿20.10 | x |
| 2015-12-31 | ฿27.48 | ฿20.10 | x |
| 2016-12-31 | ฿29.88 | ฿20.10 | x |
| 2017-12-31 | ฿30.77 | ฿20.10 | x |
| 2018-12-31 | ฿32.49 | ฿20.10 | x |
| 2019-12-31 | ฿33.45 | ฿20.10 | x |
| 2020-12-31 | ฿32.75 | ฿20.10 | x |
| 2021-12-31 | ฿35.79 | ฿20.10 | x |
| 2022-12-31 | ฿35.00 | ฿20.10 | x |
| 2023-12-31 | ฿34.38 | ฿20.10 | x |
| 2024-12-31 | ฿30.89 | ฿20.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fine Metal Technologies 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): -2.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.47%
- • Asset Turnover: 2.50x
- • Equity Multiplier: 2.08x
- Recent ROE (-2.46%) is below the historical average (6.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 23.01% | 11.71% | 0.85x | 2.31x | ฿151.98 Million |
| 2001 | 19.69% | 9.54% | 0.79x | 2.61x | ฿120.73 Million |
| 2003 | 14.48% | 6.57% | 0.76x | 2.88x | ฿60.72 Million |
| 2004 | 17.92% | 5.78% | 0.99x | 3.13x | ฿116.91 Million |
| 2005 | 12.60% | 3.77% | 1.06x | 3.16x | ฿39.00 Million |
| 2006 | 3.16% | 0.67% | 1.21x | 3.88x | ฿-97.64 Million |
| 2007 | 1.47% | 0.25% | 1.66x | 3.48x | ฿-119.46 Million |
| 2008 | 5.18% | 1.02% | 1.82x | 2.79x | ฿-68.70 Million |
| 2009 | -20.15% | -5.91% | 1.24x | 2.76x | ฿-351.94 Million |
| 2010 | 6.56% | 1.20% | 1.78x | 3.06x | ฿-42.93 Million |
| 2011 | 2.04% | 0.31% | 2.10x | 3.17x | ฿-89.05 Million |
| 2012 | -1.28% | -0.20% | 2.11x | 2.97x | ฿-123.05 Million |
| 2013 | 2.91% | 0.53% | 2.03x | 2.72x | ฿-83.09 Million |
| 2014 | 6.72% | 1.29% | 2.17x | 2.41x | ฿-40.59 Million |
| 2015 | 8.38% | 1.85% | 2.21x | 2.06x | ฿-21.30 Million |
| 2016 | 12.23% | 3.13% | 2.00x | 1.96x | ฿32.02 Million |
| 2017 | 9.40% | 2.24% | 2.03x | 2.06x | ฿-8.92 Million |
| 2018 | 9.27% | 2.23% | 2.20x | 1.90x | ฿-11.34 Million |
| 2019 | 7.74% | 2.05% | 2.21x | 1.71x | ฿-36.37 Million |
| 2020 | 2.99% | 0.98% | 1.56x | 1.96x | ฿-110.14 Million |
| 2021 | 12.78% | 3.06% | 2.15x | 1.94x | ฿47.72 Million |
| 2022 | 5.89% | 1.24% | 2.62x | 1.81x | ฿-69.06 Million |
| 2023 | 5.85% | 1.43% | 2.42x | 1.69x | ฿-68.55 Million |
| 2024 | -2.46% | -0.47% | 2.50x | 2.08x | ฿-184.51 Million |
Industry Comparison
This section compares Fine Metal Technologies Public Company Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $987,639,119
- Average return on equity (ROE) among peers: 5.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fine Metal Technologies Public Company Limited (FMT) | ฿1.39 Billion | 23.01% | 1.51x | $8.80 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $3.38 Billion | 2.21% | 0.25x | $6.91 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $891.13 Million | 9.29% | 0.78x | $7.18 Million |
| BT Wealth Industries Public Company Limited (BTW) | $1.00 Billion | -14.26% | 0.64x | $1.00 Million |
| City Steel Public Company Limited (CITY) | $1.01 Billion | 13.73% | 0.04x | $3.05 Million |
| K.C. Metalsheet Public Company Limited (KCM) | $448.47 Million | -2.49% | 0.24x | $1.15 Million |
| Kijcharoen Engineering Electric PCL (KJL) | $616.67 Million | 24.72% | 0.72x | $9.20 Million |
| Polynet PCL (POLY) | $1.30 Billion | 13.45% | 0.20x | $18.56 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $13.94 Million | 0.00% | 61.69x | $51.62 Million |
| STP&I Public Company Limited (STPI) | $220.62 Million | 0.00% | 4.02x | $142.29 Million |