General Engineering Public Company Limited (GEL) - Net Assets
Based on the latest financial reports, General Engineering Public Company Limited (GEL) has net assets worth ฿3.10 Billion THB (≈ $96.51 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 (฿8.87 Billion ≈ $276.50 Million USD) and total liabilities (฿5.77 Billion ≈ $179.99 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. Check General Engineering Public Company Limit asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.10 Billion |
| % of Total Assets | 34.9% |
| Annual Growth Rate | 14.82% |
| 5-Year Change | -7.08% |
| 10-Year Change | -24.0% |
| Growth Volatility | 256.62 |
General Engineering Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how General Engineering Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore General Engineering Public Company Limit asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for General Engineering Public Company Limited (2000–2024)
The table below shows the annual net assets of General Engineering Public Company Limited from 2000 to 2024. For live valuation and market cap data, see market value of General Engineering Public Company Limit.
| Year | Net Assets | Change |
|---|---|---|
| 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 174862751800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿7.32 Billion | 257.56% |
| Other Comprehensive Income | ฿13.60 Million | 0.48% |
| Total Equity | ฿2.84 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 |
|---|---|
|
Gulf & Pacific Equities Corp
V:GUF
|
$8.05 Million |
|
Gladiator Resources Ltd
AU:GLA
|
$8.06 Million |
|
Presurance Holdings, Inc.
NASDAQ:PRHI
|
$8.07 Million |
|
Discoverie Group PLC
LSE:DSCV
|
$8.07 Million |
|
BIG Industries Bhd
KLSE:7005
|
$8.05 Million |
|
Nrgene Technologies Ltd
TA:NRGN
|
$8.05 Million |
|
Asuransi Bintang Tbk
JK:ASBI
|
$8.04 Million |
|
VERSES AI Inc.
NEO:VERS
|
$8.03 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 2023 to 2024, total equity changed from 3,517,073,281 to 2,842,169,317, a change of -674,903,964 (-19.2%).
- Net loss of 474,228,554 reduced equity.
- Other factors decreased equity by 200,675,410.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-474.23 Million | -16.69% |
| Other Changes | ฿-200.68 Million | -7.06% |
| Total Change | ฿- | -19.19% |
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: 0.09x
- 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.
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 |
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): -16.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.77%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.39x
- Recent ROE (-16.69%) is below the historical average (-2.04%), 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 |
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: $9,471,522,874
- Average return on equity (ROE) among peers: 4.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General Engineering Public Company Limited (GEL) | ฿3.10 Billion | 30.10% | 1.86x | $8.05 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $573.31 Million | -34.45% | 4.88x | $21.57 Million |
| Dcon Products Public Company Limited (DCON) | $950.41 Million | 22.66% | 0.36x | $33.58 Million |
| Siam City Cement Public Company Limited (SCCC) | $16.80 Billion | 24.24% | 0.25x | $1.30 Billion |
| Southern Concrete Pile PCL (SCP) | $189.61 Million | 20.36% | 4.02x | $71.71 Million |
| Smart Concrete Public Company Limited (SMART) | $472.05 Million | -15.71% | 0.36x | $17.86 Million |
| Tipco Asphalt Public Company Limited (TASCO) | $1.84 Billion | 1.64% | 1.71x | $673.99 Million |
| Tipco Asphalt Public Company Limited (TASCO-R) | $5.89 Billion | 14.11% | 2.44x | $737.94 Million |
| TPI Polene Public Company Limited (TPIPL) | $57.71 Billion | 1.05% | 0.43x | $501.67 Million |
| Thai Wire Products Public Company Limited (TWP) | $809.93 Million | 5.36% | 0.83x | $9.40 Million |
About General Engineering Public Company Limited
General Engineering Public Company Limited manufactures and distributes construction materials in Thailand and internationally. The Company operates through three segments: Manufacturing and Distribution of Concrete Products; Construction Services; and Manufacturing and Distribution of PC Wire and PC Strand. It offers prestressed concrete pile products; soil cement columns; spun concrete piles; p… Read more