General Engineering Public Company Limited (GEL) - Net Assets
Based on the latest financial reports, General Engineering Public Company Limited (GEL) has net assets worth ฿2.94 Billion THB (≈ $91.60 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 (฿8.45 Billion ≈ $263.33 Million USD) and total liabilities (฿5.51 Billion ≈ $171.73 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 GEL current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.94 Billion |
| % of Total Assets | 34.79% |
| Annual Growth Rate | 13.38% |
| 5-Year Change | -25.68% |
| 10-Year Change | -39.04% |
| Growth Volatility | 251.49 |
General Engineering Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how General Engineering Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check GEL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for General Engineering Public Company Limited (2000–2025)
The table below shows the annual net assets of General Engineering Public Company Limited from 2000 to 2025. For live valuation and market cap data, see how much is General Engineering Public Company Limit worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.94 Billion ≈ $91.60 Million |
-16.33% |
| 2024-12-31 | ฿3.51 Billion ≈ $109.48 Million |
-16.34% |
| 2023-12-31 | ฿4.20 Billion ≈ $130.86 Million |
+7.45% |
| 2022-12-31 | ฿3.91 Billion ≈ $121.78 Million |
-1.19% |
| 2021-12-31 | ฿3.95 Billion ≈ $123.25 Million |
+4.60% |
| 2020-12-31 | ฿3.78 Billion ≈ $117.82 Million |
-0.74% |
| 2019-12-31 | ฿3.81 Billion ≈ $118.70 Million |
-18.03% |
| 2018-12-31 | ฿4.65 Billion ≈ $144.81 Million |
-4.48% |
| 2017-12-31 | ฿4.86 Billion ≈ $151.60 Million |
+0.88% |
| 2016-12-31 | ฿4.82 Billion ≈ $150.27 Million |
+4.31% |
| 2015-12-31 | ฿4.62 Billion ≈ $144.06 Million |
-6.63% |
| 2014-12-31 | ฿4.95 Billion ≈ $154.29 Million |
+34.09% |
| 2013-12-31 | ฿3.69 Billion ≈ $115.06 Million |
+276.18% |
| 2012-12-31 | ฿981.32 Million ≈ $30.59 Million |
+30.43% |
| 2011-12-31 | ฿752.38 Million ≈ $23.45 Million |
+3.42% |
| 2010-12-31 | ฿727.52 Million ≈ $22.68 Million |
+13.02% |
| 2009-12-31 | ฿643.72 Million ≈ $20.06 Million |
+21.99% |
| 2008-12-31 | ฿527.67 Million ≈ $16.45 Million |
-3.79% |
| 2007-12-31 | ฿548.45 Million ≈ $17.09 Million |
+11.52% |
| 2006-12-31 | ฿491.80 Million ≈ $15.33 Million |
+20.26% |
| 2005-12-31 | ฿408.95 Million ≈ $12.75 Million |
-9.93% |
| 2004-12-31 | ฿454.03 Million ≈ $14.15 Million |
+1190.18% |
| 2003-12-31 | ฿35.19 Million ≈ $1.10 Million |
+127.24% |
| 2002-12-31 | ฿-129.17 Million ≈ $-4.03 Million |
-11.15% |
| 2001-12-31 | ฿-116.22 Million ≈ $-3.62 Million |
-191.31% |
| 2000-12-31 | ฿127.27 Million ≈ $3.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to General Engineering 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 decreased by 220736217500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿4.57 Billion | 193.37% |
| Total Equity | ฿2.36 Billion | 100.00% |
General Engineering Public Company Limited Competitors by Market Cap
The table below lists competitors of General Engineering Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Morien Resources Corp
V:MOX
|
$8.05 Million |
|
Golden Matrix Group Inc
NASDAQ:GMGI
|
$8.05 Million |
|
MetaVia Inc.
NASDAQ:MTVA
|
$8.06 Million |
|
Gladiator Resources Ltd
AU:GLA
|
$8.06 Million |
|
FAST TRACK GROUP
NASDAQ:FTRK
|
$8.05 Million |
|
Orange Minerals NL
AU:OMX
|
$8.05 Million |
|
Bong AB (publ)
ST:BONG
|
$8.05 Million |
|
AUX Resources Corporation
V:AUX
|
$8.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General Engineering Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,842,169,317 to 2,364,114,860, a change of -478,054,457 (-16.8%).
- Net loss of 467,239,440 reduced equity.
- Other comprehensive income decreased equity by 13,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-467.24 Million | -19.76% |
| Other Comprehensive Income | ฿-13.60 Million | -0.58% |
| Other Changes | ฿2.78 Million | +0.12% |
| Total Change | ฿- | -16.82% |
Book Value vs Market Value Analysis
This analysis compares General Engineering 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: 0.11x
- 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.
- The price-to-book ratio has increased from 0.01x to 0.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿3.91 | ฿0.03 | x |
| 2007-12-31 | ฿4.46 | ฿0.03 | x |
| 2008-12-31 | ฿4.21 | ฿0.03 | x |
| 2009-12-31 | ฿13.80 | ฿0.03 | x |
| 2010-12-31 | ฿4.30 | ฿0.03 | x |
| 2011-12-31 | ฿0.73 | ฿0.03 | x |
| 2012-12-31 | ฿1.85 | ฿0.03 | x |
| 2013-12-31 | ฿0.95 | ฿0.03 | x |
| 2014-12-31 | ฿1.07 | ฿0.03 | x |
| 2015-12-31 | ฿0.80 | ฿0.03 | x |
| 2016-12-31 | ฿0.84 | ฿0.03 | x |
| 2017-12-31 | ฿0.86 | ฿0.03 | x |
| 2018-12-31 | ฿0.82 | ฿0.03 | x |
| 2019-12-31 | ฿0.68 | ฿0.03 | x |
| 2020-12-31 | ฿0.67 | ฿0.03 | x |
| 2021-12-31 | ฿0.71 | ฿0.03 | x |
| 2022-12-31 | ฿0.62 | ฿0.03 | x |
| 2023-12-31 | ฿0.44 | ฿0.03 | x |
| 2024-12-31 | ฿0.33 | ฿0.03 | x |
| 2025-12-31 | ฿0.27 | ฿0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General Engineering 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): -19.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.92%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 3.57x
- Recent ROE (-19.76%) is below the historical average (-2.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 30.10% | 1.80% | 1.12x | 14.99x | ฿7.07 Million |
| 2004 | 10.71% | 4.99% | 1.11x | 1.93x | ฿3.18 Million |
| 2006 | 7.36% | 3.09% | 1.31x | 1.82x | ฿-11.84 Million |
| 2007 | 11.50% | 5.24% | 1.22x | 1.80x | ฿7.68 Million |
| 2008 | -12.31% | -7.84% | 0.95x | 1.65x | ฿-116.87 Million |
| 2009 | -19.31% | -16.59% | 0.70x | 1.67x | ฿-187.21 Million |
| 2010 | -12.50% | -9.49% | 0.83x | 1.59x | ฿-161.58 Million |
| 2011 | -36.57% | -29.41% | 0.83x | 1.51x | ฿-346.55 Million |
| 2012 | 16.24% | 18.05% | 0.74x | 1.22x | ฿61.19 Million |
| 2013 | 7.01% | 16.73% | 0.36x | 1.15x | ฿-110.52 Million |
| 2014 | 3.75% | 5.70% | 0.56x | 1.17x | ฿-309.29 Million |
| 2015 | 2.57% | 5.99% | 0.39x | 1.11x | ฿-343.47 Million |
| 2016 | 1.74% | 5.30% | 0.27x | 1.21x | ฿-398.08 Million |
| 2017 | -2.18% | -5.98% | 0.28x | 1.29x | ฿-588.35 Million |
| 2018 | -3.24% | -7.68% | 0.29x | 1.46x | ฿-610.99 Million |
| 2019 | -7.52% | -14.01% | 0.35x | 1.55x | ฿-663.79 Million |
| 2020 | -4.14% | -9.80% | 0.26x | 1.65x | ฿-533.48 Million |
| 2021 | -2.70% | -6.42% | 0.25x | 1.65x | ฿-502.58 Million |
| 2022 | -3.61% | -5.08% | 0.39x | 1.81x | ฿-531.34 Million |
| 2023 | -13.07% | -11.19% | 0.39x | 3.00x | ฿-811.39 Million |
| 2024 | -16.69% | -12.77% | 0.39x | 3.39x | ฿-758.45 Million |
| 2025 | -19.76% | -21.92% | 0.25x | 3.57x | ฿-703.65 Million |
Industry Comparison
This section compares General Engineering Public Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $7,143,107,365
- Average return on equity (ROE) among peers: 9.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General Engineering Public Company Limited (GEL) | ฿2.94 Billion | 30.10% | 1.87x | $8.05 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.55 Billion | 0.76% | 0.90x | $24.16 Million |
| Dcon Products Public Company Limited (DCON) | $2.72 Billion | 2.18% | 0.40x | $30.22 Million |
| Siam City Cement Public Company Limited (SCCC) | $15.89 Billion | 20.33% | 0.35x | $1.39 Billion |
| Southern Concrete Pile PCL (SCP) | $1.96 Billion | 14.65% | 0.20x | $79.19 Million |
| Smart Concrete Public Company Limited (SMART) | $427.10 Million | 4.87% | 0.62x | $18.18 Million |
| Tipco Asphalt Public Company Limited (TASCO) | $3.05 Billion | 11.26% | 1.43x | $698.59 Million |
| Tipco Asphalt Public Company Limited (TASCO-R) | $2.85 Billion | 17.11% | 3.39x | $737.94 Million |
| TPI Polene Public Company Limited (TPIPL) | $35.12 Billion | 0.00% | 1.04x | $513.47 Million |
| Thai Wire Products Public Company Limited (TWP) | $718.33 Million | 18.40% | 1.30x | $9.57 Million |
About General Engineering Public Company Limited
General Engineering Public Company Limited, together with its subsidiaries, manufactures and distributes construction materials in Thailand. It operates in three segments: Manufacturing and Distribution of Concrete Products; Construction Services; and Manufacturing and Distribution of PC Wire and PC Strand. The company offers prestressed concrete piles comprising I, double half-moon, square, and … Read more