Firetrade Engineering PCL Net Assets

Latest as of September 2025: ฿838.04 Million THB ≈ $26.12 Million USD

Firetrade Engineering PCL net assets. Based on the latest financial reports, Firetrade Engineering PCL (FTE) has net assets worth ฿838.04 Million THB (≈ $26.12 Million USD) 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 ≈ $38.20 Million USD) and total liabilities (฿387.68 Million ≈ $12.08 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. Also explore Firetrade Engineering PCL (FTE) net asset momentum to track the company's year-over-year net asset growth rate.

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

Net Assets of Firetrade Engineering PCL (2014–2024)

Net assets of Firetrade Engineering PCL from 2014 to 2024. This chart illustrates how Firetrade Engineering PCL's net assets have evolved over time, based on quarterly financial data. See FTE equity to assets ratio to measure how much of total assets are equity-financed.

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. For live market cap and overall valuation, see Firetrade Engineering PCL stock valuation.

Year	Net Assets	Change
2024-12-31	฿873.03 Million ≈ $27.21 Million	+3.12%
2023-12-31	฿846.60 Million ≈ $26.39 Million	+4.72%
2022-12-31	฿808.43 Million ≈ $25.20 Million	+7.68%
2021-12-31	฿750.78 Million ≈ $23.40 Million	+2.92%
2020-12-31	฿729.46 Million ≈ $22.74 Million	-0.70%
2019-12-31	฿734.56 Million ≈ $22.90 Million	-1.20%
2018-12-31	฿743.51 Million ≈ $23.17 Million	+0.08%
2017-12-31	฿742.90 Million ≈ $23.16 Million	+135.37%
2016-12-31	฿315.63 Million ≈ $9.84 Million	-5.26%
2015-12-31	฿333.15 Million ≈ $10.38 Million	+25.50%
2014-12-31	฿265.46 Million ≈ $8.27 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.

Firetrade Engineering PCL Net Assets Breakdown (December 2024)

Firetrade Engineering PCL net assets breakdown by equity component as of 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
Lix Solution Co.Ltd KQ:029480	$52.68 Million
Teuton Resources Corp. V:TUO	$52.68 Million
Howden Joinery Group Plc LSE:HWDN	$52.70 Million
Global Mediacom Tbk JK:BMTR	$52.70 Million
JD Sports Fashion PLC LSE:JD	$52.65 Million
Harmoney Corp Ltd AU:HMY	$52.64 Million
Toivo Group Oyj HE:TOIVO	$52.62 Million
DLH Holdings Corp NASDAQ:DLHC	$52.61 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: 1.94x
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 6.39x to 1.94x 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	฿2.56	x
2015-12-31	฿0.50	฿2.56	x
2016-12-31	฿0.48	฿2.56	x
2017-12-31	฿1.31	฿2.56	x
2018-12-31	฿1.13	฿2.56	x
2019-12-31	฿1.11	฿2.56	x
2020-12-31	฿1.11	฿2.56	x
2021-12-31	฿1.14	฿2.56	x
2022-12-31	฿1.22	฿2.56	x
2023-12-31	฿1.28	฿2.56	x
2024-12-31	฿1.32	฿2.56	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: $402,681,188
Average return on equity (ROE) among peers: 12.75%

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	$52.66 Million
Harn Engineering Solutions Public Company Limited (HARN)	$451.80 Million	10.23%	0.26x	$35.89 Million
Phol Dhanya Public Company Limited (PHOL)	$353.56 Million	15.28%	0.81x	$20.70 Million

About Firetrade Engineering PCL

BK:FTE Thailand Security & Protection Services

Market Cap

$52.66 Million

฿1.69 Billion THB

Market Cap Rank

#21533 Global

#371 in Thailand

Share Price

฿2.56

Change (1 day)

-3.03%

52-Week Range

฿1.72 - ฿2.84

All Time High

฿2.84