Fine Metal Technologies Public Company Limited (FMT) - Net Assets
Based on the latest financial reports, Fine Metal Technologies Public Company Limited (FMT) has net assets worth ฿1.36 Billion THB (≈ $42.31 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 (฿3.02 Billion ≈ $93.99 Million USD) and total liabilities (฿1.66 Billion ≈ $51.68 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 FMT tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.36 Billion |
| % of Total Assets | 45.01% |
| Annual Growth Rate | 0.6% |
| 5-Year Change | -20.99% |
| 10-Year Change | -5.37% |
| Growth Volatility | 6.93 |
Fine Metal Technologies Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Fine Metal Technologies Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Fine Metal Technologies Public Company L defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fine Metal Technologies Public Company Limited (2000–2025)
The table below shows the annual net assets of Fine Metal Technologies Public Company Limited from 2000 to 2025. For live valuation and market cap data, see how much is Fine Metal Technologies Public Company L worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.36 Billion ≈ $42.31 Million |
-8.36% |
| 2024-12-31 | ฿1.48 Billion ≈ $46.17 Million |
-10.24% |
| 2023-12-31 | ฿1.65 Billion ≈ $51.43 Million |
-1.79% |
| 2022-12-31 | ฿1.68 Billion ≈ $52.37 Million |
-2.20% |
| 2021-12-31 | ฿1.72 Billion ≈ $53.55 Million |
+9.28% |
| 2020-12-31 | ฿1.57 Billion ≈ $49.00 Million |
-2.09% |
| 2019-12-31 | ฿1.61 Billion ≈ $50.05 Million |
+2.96% |
| 2018-12-31 | ฿1.56 Billion ≈ $48.61 Million |
+5.58% |
| 2017-12-31 | ฿1.48 Billion ≈ $46.04 Million |
+2.98% |
| 2016-12-31 | ฿1.43 Billion ≈ $44.71 Million |
+8.75% |
| 2015-12-31 | ฿1.32 Billion ≈ $41.11 Million |
+6.66% |
| 2014-12-31 | ฿1.24 Billion ≈ $38.54 Million |
+5.55% |
| 2013-12-31 | ฿1.17 Billion ≈ $36.51 Million |
+7.35% |
| 2012-12-31 | ฿1.09 Billion ≈ $34.01 Million |
-2.41% |
| 2011-12-31 | ฿1.12 Billion ≈ $34.85 Million |
-10.49% |
| 2010-12-31 | ฿1.25 Billion ≈ $38.94 Million |
+7.02% |
| 2009-12-31 | ฿1.17 Billion ≈ $36.38 Million |
-18.17% |
| 2008-12-31 | ฿1.43 Billion ≈ $44.46 Million |
+1.85% |
| 2007-12-31 | ฿1.40 Billion ≈ $43.65 Million |
-1.92% |
| 2006-12-31 | ฿1.43 Billion ≈ $44.51 Million |
-4.98% |
| 2005-12-31 | ฿1.50 Billion ≈ $46.84 Million |
+1.77% |
| 2004-12-31 | ฿1.48 Billion ≈ $46.03 Million |
+8.89% |
| 2003-12-31 | ฿1.36 Billion ≈ $42.27 Million |
+4.98% |
| 2002-12-31 | ฿1.29 Billion ≈ $40.26 Million |
+3.73% |
| 2001-12-31 | ฿1.25 Billion ≈ $38.82 Million |
+6.61% |
| 2000-12-31 | ฿1.17 Billion ≈ $36.41 Million |
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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 104.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿322.72 Million | 23.78% |
| Other Components | ฿1.03 Billion | 76.22% |
| Total Equity | ฿1.36 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 |
|---|---|
|
Progressive Planet Solutions Inc
V:PLAN
|
$28.58 Million |
|
Tayih Lun An Co Ltd
TWO:8107
|
$28.59 Million |
|
Tondo Smart Ltd
TA:TNDO
|
$28.59 Million |
|
Przedsiebiorstwo Produkcyjno Handlowe Kompap SA
WAR:KMP
|
$28.60 Million |
|
Genoray Co. Ltd
KQ:122310
|
$28.57 Million |
|
Imugene Ltd
AU:IMU
|
$28.55 Million |
|
Wulff-Yhtiot Oy
HE:WUF1V
|
$28.54 Million |
|
Eduspec Holdings Bhd
KLSE:0107
|
$28.51 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 2024 to 2025, total equity changed from 1,481,141,232 to 1,357,334,346, a change of -123,806,886 (-8.4%).
- Net loss of 77,703,489 reduced equity.
- Dividend payments of 46,481,228 reduced retained earnings.
- Other comprehensive income decreased equity by 45,219,130.
- Other factors increased equity by 45,596,961.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-77.70 Million | -5.72% |
| Dividends Paid | ฿46.48 Million | -3.42% |
| Other Comprehensive Income | ฿-45.22 Million | -3.33% |
| Other Changes | ฿45.60 Million | +3.36% |
| Total Change | ฿- | -8.36% |
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: 0.68x
- 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 | ฿19.10 | x |
| 2007-12-31 | ฿29.25 | ฿19.10 | x |
| 2008-12-31 | ฿29.72 | ฿19.10 | x |
| 2009-12-31 | ฿24.32 | ฿19.10 | x |
| 2010-12-31 | ฿26.02 | ฿19.10 | x |
| 2011-12-31 | ฿23.29 | ฿19.10 | x |
| 2012-12-31 | ฿22.73 | ฿19.10 | x |
| 2013-12-31 | ฿24.40 | ฿19.10 | x |
| 2014-12-31 | ฿25.76 | ฿19.10 | x |
| 2015-12-31 | ฿27.48 | ฿19.10 | x |
| 2016-12-31 | ฿29.88 | ฿19.10 | x |
| 2017-12-31 | ฿30.77 | ฿19.10 | x |
| 2018-12-31 | ฿32.49 | ฿19.10 | x |
| 2019-12-31 | ฿33.45 | ฿19.10 | x |
| 2020-12-31 | ฿32.75 | ฿19.10 | x |
| 2021-12-31 | ฿35.79 | ฿19.10 | x |
| 2022-12-31 | ฿35.00 | ฿19.10 | x |
| 2023-12-31 | ฿34.38 | ฿19.10 | x |
| 2024-12-31 | ฿30.89 | ฿19.10 | x |
| 2025-12-31 | ฿28.28 | ฿19.10 | 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): -5.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.14%
- • Asset Turnover: 2.25x
- • Equity Multiplier: 2.22x
- Recent ROE (-5.72%) is below the historical average (6.43%), 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 |
| 2025 | -5.72% | -1.14% | 2.25x | 2.22x | ฿-213.44 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: $1,599,818,935
- Average return on equity (ROE) among peers: -36.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fine Metal Technologies Public Company Limited (FMT) | ฿1.36 Billion | 23.01% | 1.22x | $28.58 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $4.39 Billion | 27.47% | 0.10x | $40.52 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $684.07 Million | 6.48% | 0.31x | $20.98 Million |
| BT Wealth Industries Public Company Limited (BTW) | $277.16 Million | -277.64% | 1.79x | $1.41 Million |
| City Steel Public Company Limited (CITY) | $716.34 Million | 16.32% | 0.07x | $10.94 Million |
| K.C. Metalsheet Public Company Limited (KCM) | $430.65 Million | -3.08% | 0.43x | $5.30 Million |
| STP&I Public Company Limited (STPI) | $3.10 Billion | 12.89% | 0.14x | $310.68 Million |
About Fine Metal Technologies Public Company Limited
Fine Metal Technologies Public Company Limited manufactures and distributes seamless copper tubes for air-conditioners and refrigerators in Thailand, Japan, Malaysia, and internationally. It offers smooth tubes for heat exchanger and piping; fine multi-grooved tubes; accumulator tubes; and capillary tubes. The company was formerly known as Furukawa Metal (Thailand) Public Company Limited and chan… Read more