Firetrade Engineering PCL
Firetrade Engineering Public Company Limited designs, sells, installs, repairs, and maintains fire protection equipment and systems in Thailand. The company operates in two segments, Sales of Fire Protection Equipment and Systems, and Project Works and Services. It offers safety products, including absorbents, emergency lights, shower and eyewash, fire fighting suits, foot protection, pallet enli… Read more
Firetrade Engineering PCL (FTE) - Net Assets
Latest net assets as of September 2025: ฿838.04 Million THB
Based on the latest financial reports, Firetrade Engineering PCL (FTE) has net assets worth ฿838.04 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.23 Billion) and total liabilities (฿387.68 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 | ฿838.04 Million |
| % of Total Assets | 68.37% |
| Annual Growth Rate | 12.64% |
| 5-Year Change | 19.68% |
| 10-Year Change | 162.05% |
| Growth Volatility | 40.17 |
Firetrade Engineering PCL - Net Assets Trend (2014–2024)
This chart illustrates how Firetrade Engineering 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 Firetrade Engineering PCL (2014–2024)
The table below shows the annual net assets of Firetrade Engineering PCL from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿873.03 Million | +3.12% |
| 2023-12-31 | ฿846.60 Million | +4.72% |
| 2022-12-31 | ฿808.43 Million | +7.68% |
| 2021-12-31 | ฿750.78 Million | +2.92% |
| 2020-12-31 | ฿729.46 Million | -0.70% |
| 2019-12-31 | ฿734.56 Million | -1.20% |
| 2018-12-31 | ฿743.51 Million | +0.08% |
| 2017-12-31 | ฿742.90 Million | +135.37% |
| 2016-12-31 | ฿315.63 Million | -5.26% |
| 2015-12-31 | ฿333.15 Million | +25.50% |
| 2014-12-31 | ฿265.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firetrade Engineering 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 27.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿160.71 Million | 18.41% |
| Common Stock | ฿330.00 Million | 37.80% |
| Other Comprehensive Income | ฿33.00 Million | 3.78% |
| Other Components | ฿349.32 Million | 40.01% |
| Total Equity | ฿873.03 Million | 100.00% |
Firetrade Engineering PCL Competitors by Market Cap
The table below lists competitors of Firetrade Engineering PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurora Spine Corporation
OTCQB:ASAPF
|
$12.90 Million |
|
GreenTree Hospitality Group Ltd
NYSE:GHG
|
$12.90 Million |
|
Ajiya Bhd
KLSE:7609
|
$12.91 Million |
|
Lung Hwa Electronics Co Ltd
TW:2424
|
$12.91 Million |
|
Moksh Ornaments Limited
NSE:MOKSH
|
$12.89 Million |
|
Centrale d'Achat Francaise pour l' Outre Mer
LSE:0HRB
|
$12.89 Million |
|
MeVis Medical Solutions AG
XETRA:M3V
|
$12.89 Million |
|
Passus S.A.
WAR:PAS
|
$12.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firetrade Engineering PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 846,597,048 to 873,030,427, a change of 26,433,379 (3.1%).
- Net income of 116,224,500 contributed positively to equity growth.
- Dividend payments of 92,460,384 reduced retained earnings.
- Share repurchases of 2,510,050 reduced equity.
- Other comprehensive income increased equity by 32,901,166.
- Other factors decreased equity by 27,721,853.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿116.22 Million | +13.31% |
| Dividends Paid | ฿92.46 Million | -10.59% |
| Share Repurchases | ฿2.51 Million | -0.29% |
| Other Comprehensive Income | ฿32.90 Million | +3.77% |
| Other Changes | ฿-27.72 Million | -3.18% |
| Total Change | ฿- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares Firetrade Engineering 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: 1.54x
- 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 5.09x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.40 | ฿2.04 | x |
| 2015-12-31 | ฿0.50 | ฿2.04 | x |
| 2016-12-31 | ฿0.48 | ฿2.04 | x |
| 2017-12-31 | ฿1.31 | ฿2.04 | x |
| 2018-12-31 | ฿1.13 | ฿2.04 | x |
| 2019-12-31 | ฿1.11 | ฿2.04 | x |
| 2020-12-31 | ฿1.11 | ฿2.04 | x |
| 2021-12-31 | ฿1.14 | ฿2.04 | x |
| 2022-12-31 | ฿1.22 | ฿2.04 | x |
| 2023-12-31 | ฿1.28 | ฿2.04 | x |
| 2024-12-31 | ฿1.32 | ฿2.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firetrade Engineering 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): 13.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.67%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.40x
- Recent ROE (13.31%) is below the historical average (17.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 35.14% | 11.38% | 1.42x | 2.18x | ฿66.53 Million |
| 2015 | 24.34% | 10.65% | 1.39x | 1.65x | ฿47.60 Million |
| 2016 | 27.63% | 10.60% | 1.71x | 1.52x | ฿55.64 Million |
| 2017 | 17.59% | 13.40% | 1.11x | 1.19x | ฿56.36 Million |
| 2018 | 17.51% | 12.79% | 1.11x | 1.23x | ฿55.86 Million |
| 2019 | 15.60% | 11.17% | 1.10x | 1.27x | ฿41.15 Million |
| 2020 | 8.30% | 6.67% | 0.87x | 1.43x | ฿-12.41 Million |
| 2021 | 5.86% | 4.38% | 0.93x | 1.45x | ฿-31.05 Million |
| 2022 | 9.98% | 7.41% | 0.92x | 1.46x | ฿-173.51K |
| 2023 | 13.90% | 10.28% | 0.97x | 1.40x | ฿33.04 Million |
| 2024 | 13.31% | 8.67% | 1.10x | 1.40x | ฿28.92 Million |
Industry Comparison
This section compares Firetrade Engineering PCL's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $278,591,791
- Average return on equity (ROE) among peers: -3.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firetrade Engineering PCL (FTE) | ฿838.04 Million | 35.14% | 0.46x | $12.90 Million |
| Harn Engineering Solutions Public Company Limited (HARN) | $451.80 Million | 10.23% | 0.26x | $10.25 Million |
| Kumwell Corporation Public Company Limited (KUMWEL) | $149.85 Million | 30.59% | 0.69x | $4.16 Million |
| Phol Dhanya Public Company Limited (PHOL) | $234.13 Million | -50.18% | 2.36x | $8.38 Million |