Forth Corporation Public Company Limited
Forth Corporation Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of electronic equipment in Thailand, Netherlands, United States of America, and internationally. It operates through three segments: Electronics Manufacturing Service Business; Enterprise Solutions Business; and Smart Service Business. It offers Forth Taglock EM, a tracking device… Read more
Forth Corporation Public Company Limited (FORTH) - Net Assets
Latest net assets as of December 2024: ฿3.21 Billion THB
Based on the latest financial reports, Forth Corporation Public Company Limited (FORTH) has net assets worth ฿3.21 Billion THB as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿12.14 Billion) and total liabilities (฿8.93 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 | ฿3.21 Billion |
| % of Total Assets | 26.41% |
| Annual Growth Rate | 10.39% |
| 5-Year Change | 43.88% |
| 10-Year Change | 27.92% |
| Growth Volatility | 29.92 |
Forth Corporation Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Forth Corporation 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 Forth Corporation Public Company Limited (2005–2024)
The table below shows the annual net assets of Forth Corporation Public Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.21 Billion | -2.31% |
| 2023-12-31 | ฿3.28 Billion | +0.71% |
| 2022-12-31 | ฿3.26 Billion | +24.43% |
| 2021-12-31 | ฿2.62 Billion | +17.53% |
| 2020-12-31 | ฿2.23 Billion | -8.91% |
| 2019-12-31 | ฿2.45 Billion | -2.41% |
| 2018-12-31 | ฿2.51 Billion | -7.84% |
| 2017-12-31 | ฿2.72 Billion | +3.44% |
| 2016-12-31 | ฿2.63 Billion | +4.91% |
| 2015-12-31 | ฿2.51 Billion | +9.20% |
| 2014-12-31 | ฿2.30 Billion | +35.28% |
| 2013-12-31 | ฿1.70 Billion | +16.62% |
| 2012-12-31 | ฿1.45 Billion | +1.73% |
| 2011-12-31 | ฿1.43 Billion | +8.10% |
| 2010-12-31 | ฿1.32 Billion | +16.98% |
| 2009-12-31 | ฿1.13 Billion | +7.88% |
| 2008-12-31 | ฿1.05 Billion | -12.11% |
| 2007-12-31 | ฿1.19 Billion | +5.59% |
| 2006-12-31 | ฿1.13 Billion | +130.32% |
| 2005-12-31 | ฿490.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forth Corporation 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 884.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.03 Billion | 52.82% |
| Common Stock | ฿467.69 Million | 24.07% |
| Other Comprehensive Income | ฿48.00 Million | 2.47% |
| Other Components | ฿400.89 Million | 20.64% |
| Total Equity | ฿1.94 Billion | 100.00% |
Forth Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of Forth Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Antony Waste Handling Cell Limited
NSE:AWHCL
|
$62.81 Million |
|
Ucloudlink Group Inc
NASDAQ:UCL
|
$62.85 Million |
|
Sunjuice Holdings Co Ltd
TW:1256
|
$62.86 Million |
|
Americas Car-Mart Inc
NASDAQ:CRMT
|
$62.88 Million |
|
Lion One Metals Limited
OTCQX:LOMLF
|
$62.77 Million |
|
Stalexport Autostrady SA
WAR:STX
|
$62.76 Million |
|
Genesis Technology
TWO:6221
|
$62.73 Million |
|
Dollar Industries Limited
NSE:DOLLAR
|
$62.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forth Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,088,183,265 to 1,942,778,892, a change of -145,404,373 (-7.0%).
- Net income of 221,301,344 contributed positively to equity growth.
- Dividend payments of 346,087,339 reduced retained earnings.
- Other comprehensive income increased equity by 212,644,088.
- Other factors decreased equity by 233,262,466.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿221.30 Million | +11.39% |
| Dividends Paid | ฿346.09 Million | -17.81% |
| Other Comprehensive Income | ฿212.64 Million | +10.95% |
| Other Changes | ฿-233.26 Million | -12.01% |
| Total Change | ฿- | -6.96% |
Book Value vs Market Value Analysis
This analysis compares Forth Corporation 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: 2.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.14x to 2.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.35 | ฿6.95 | x |
| 2007-12-31 | ฿1.24 | ฿6.95 | x |
| 2008-12-31 | ฿1.09 | ฿6.95 | x |
| 2009-12-31 | ฿1.17 | ฿6.95 | x |
| 2010-12-31 | ฿1.38 | ฿6.95 | x |
| 2011-12-31 | ฿1.49 | ฿6.95 | x |
| 2012-12-31 | ฿1.43 | ฿6.95 | x |
| 2013-12-31 | ฿1.52 | ฿6.95 | x |
| 2014-12-31 | ฿0.00 | ฿6.95 | x |
| 2015-12-31 | ฿2.00 | ฿6.95 | x |
| 2016-12-31 | ฿2.04 | ฿6.95 | x |
| 2017-12-31 | ฿1.97 | ฿6.95 | x |
| 2018-12-31 | ฿1.76 | ฿6.95 | x |
| 2019-12-31 | ฿1.57 | ฿6.95 | x |
| 2020-12-31 | ฿1.38 | ฿6.95 | x |
| 2021-12-31 | ฿1.82 | ฿6.95 | x |
| 2022-12-31 | ฿2.24 | ฿6.95 | x |
| 2023-12-31 | ฿2.23 | ฿6.95 | x |
| 2024-12-31 | ฿2.48 | ฿6.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forth Corporation 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): 11.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.52%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 6.25x
- Recent ROE (11.39%) is below the historical average (21.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.46% | 1.90% | 0.93x | 3.67x | ฿-17.35 Million |
| 2006 | 18.90% | 8.61% | 1.11x | 1.98x | ฿100.54 Million |
| 2007 | 17.77% | 5.38% | 1.07x | 3.10x | ฿92.66 Million |
| 2008 | -7.45% | -1.04% | 1.77x | 4.03x | ฿-182.78 Million |
| 2009 | 6.46% | 0.72% | 1.85x | 4.84x | ฿-39.61 Million |
| 2010 | 24.04% | 2.73% | 1.80x | 4.88x | ฿185.69 Million |
| 2011 | 25.93% | 4.17% | 1.61x | 3.85x | ฿227.46 Million |
| 2012 | 6.80% | 1.58% | 1.32x | 3.25x | ฿-43.81 Million |
| 2013 | 16.37% | 5.68% | 0.96x | 3.00x | ฿98.91 Million |
| 2014 | 19.32% | 7.90% | 0.68x | 3.62x | ฿163.04 Million |
| 2015 | 23.94% | 9.16% | 0.84x | 3.11x | ฿267.78 Million |
| 2016 | 18.69% | 6.95% | 0.77x | 3.51x | ฿170.06 Million |
| 2017 | 14.33% | 3.91% | 0.85x | 4.30x | ฿82.09 Million |
| 2018 | 31.23% | 6.73% | 0.88x | 5.26x | ฿357.66 Million |
| 2019 | 40.21% | 9.29% | 0.86x | 5.05x | ฿455.15 Million |
| 2020 | 49.98% | 9.51% | 0.87x | 6.05x | ฿516.63 Million |
| 2021 | 42.44% | 8.49% | 0.97x | 5.18x | ฿552.48 Million |
| 2022 | 36.99% | 8.22% | 0.83x | 5.44x | ฿565.42 Million |
| 2023 | 27.42% | 6.03% | 0.85x | 5.33x | ฿363.74 Million |
| 2024 | 11.39% | 2.52% | 0.72x | 6.25x | ฿27.02 Million |
Industry Comparison
This section compares Forth Corporation Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $17,541,659,054
- Average return on equity (ROE) among peers: 2.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forth Corporation Public Company Limited (FORTH) | ฿3.21 Billion | 6.46% | 2.79x | $62.80 Million |
| Advanced Connection Corporation Public Company Limited (ACC) | $706.46 Million | 8.21% | 0.17x | $17.25 Million |
| Berli Jucker PCL (BJC) | $126.20 Billion | 3.17% | 1.67x | $316.94 Million |
| Eastern Technical Engineering Public Company Limited (ETE) | $58.10 Million | 13.78% | 9.72x | $4.01 Million |
| Loxley Public Company Limited (LOXLEY) | $4.26 Billion | 14.55% | 1.12x | $56.12 Million |
| MBK Public Company Limited (MBK) | $7.29 Billion | 11.11% | 1.05x | $228.06 Million |
| Precise Corporation Public Company Limited (PCC) | $643.50 Million | 8.95% | 0.95x | $48.96 Million |
| Rabbit Holdings PCL (RABBIT) | $310.77 Million | -34.85% | 5.65x | $29.29 Million |
| Siamraj Public Company Limited (SR) | $827.66 Million | -7.80% | 2.26x | $1.86 Million |
| Saha-Union Public Company Limited (SUC) | $17.58 Billion | 6.99% | 0.32x | $114.86 Million |