G-Able PCL
G-Able Public Company Limited provides digital solutions, enterprise business, and IT infrastructure solutions in Thailand. The company offers cybersecurity services, including IT infrastructure protection, cloud security protection, application security, data security, endpoint security and user access management, security event monitoring and managed, and security consulting services; and cloud… Read more
G-Able PCL (GABLE) - Net Assets
Latest net assets as of September 2025: ฿2.22 Billion THB
Based on the latest financial reports, G-Able PCL (GABLE) has net assets worth ฿2.22 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 (฿6.11 Billion) and total liabilities (฿3.89 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 | ฿2.22 Billion |
| % of Total Assets | 36.39% |
| Annual Growth Rate | 2.58% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 48.04 |
G-Able PCL - Net Assets Trend (2020–2024)
This chart illustrates how G-Able 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 G-Able PCL (2020–2024)
The table below shows the annual net assets of G-Able PCL from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.22 Billion | +1.63% |
| 2023-12-31 | ฿2.19 Billion | +91.75% |
| 2022-12-31 | ฿1.14 Billion | -33.09% |
| 2021-12-31 | ฿1.70 Billion | -15.08% |
| 2020-12-31 | ฿2.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to G-Able 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 78.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿351.29 Million | 15.98% |
| Other Components | ฿1.85 Billion | 84.02% |
| Total Equity | ฿2.20 Billion | 100.00% |
G-Able PCL Competitors by Market Cap
The table below lists competitors of G-Able PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harmoney Corp Ltd
AU:HMY
|
$21.78 Million |
|
Taiwan Taffeta Fabric Co Ltd
TW:1454
|
$21.78 Million |
|
Sun Brothers Development Co Ltd
TWO:3489
|
$21.79 Million |
|
Bubang Co. Ltd
KQ:014470
|
$21.79 Million |
|
Konya Kagit Sanayi ve Ticaret AS
IS:KONKA
|
$21.78 Million |
|
Zhejiang Furun Co Ltd
SHG:600070
|
$21.77 Million |
|
Doctor Care Anywhere Group Plc
AU:DOC
|
$21.76 Million |
|
Nam Kwang Cons
KO:001260
|
$21.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G-Able PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,178,912,461 to 2,198,055,481, a change of 19,143,020 (0.9%).
- Net income of 236,528,327 contributed positively to equity growth.
- Dividend payments of 202,305,902 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿236.53 Million | +10.76% |
| Dividends Paid | ฿202.31 Million | -9.2% |
| Other Changes | ฿-15.08 Million | -0.69% |
| Total Change | ฿- | 0.88% |
Book Value vs Market Value Analysis
This analysis compares G-Able 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: 1.25x
- 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 1.38x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ฿2.86 | ฿3.94 | x |
| 2021-12-31 | ฿2.43 | ฿3.94 | x |
| 2022-12-31 | ฿1.62 | ฿3.94 | x |
| 2023-12-31 | ฿3.11 | ฿3.94 | x |
| 2024-12-31 | ฿3.14 | ฿3.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G-Able 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): 10.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.83%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.81x
- Recent ROE (10.76%) is below the historical average (13.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 8.29% | 3.20% | 1.23x | 2.10x | ฿-34.30 Million |
| 2021 | 14.43% | 4.97% | 1.23x | 2.36x | ฿75.38 Million |
| 2022 | 23.53% | 5.64% | 1.17x | 3.56x | ฿153.31 Million |
| 2023 | 11.56% | 4.72% | 0.96x | 2.56x | ฿33.91 Million |
| 2024 | 10.76% | 3.83% | 1.00x | 2.81x | ฿16.72 Million |
Industry Comparison
This section compares G-Able PCL's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $830,398,134
- Average return on equity (ROE) among peers: 17.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G-Able PCL (GABLE) | ฿2.22 Billion | 8.29% | 1.75x | $21.78 Million |
| Advanced Information Technology Public Company Limited (AIT) | $2.93 Billion | 13.48% | 1.20x | $109.65 Million |
| Beryl 8 Plus Public Company Limited (BE8) | $78.06 Million | 30.29% | 2.57x | $10.83 Million |
| Ditto (Thailand) Public Company Limited (DITTO) | $261.38 Million | 21.53% | 1.58x | $133.67 Million |
| DITTO (THAILAND) (DITTO-R) | $2.46 Billion | 13.61% | 0.36x | $174.47 Million |
| I2 Enterprise Public Company Limited (I2) | $250.43 Million | 17.96% | 2.26x | $1.98 Million |
| I&I Group Public Company Limited (IIG) | $-21.04 Million | 0.00% | 0.00x | $3.22 Million |
| Infraset Public Company Limited (INSET) | $839.14 Million | 16.15% | 0.59x | $38.30 Million |
| International Research Corporation Public Company Limited (IRCP) | $489.44 Million | 27.29% | 1.68x | $3.46 Million |
| International Network System PCL (ITNS) | $188.33 Million | 17.30% | 0.40x | $3.47 Million |