Getabec Public Company Limited (GTB) - Net Assets
Based on the latest financial reports, Getabec Public Company Limited (GTB) has net assets worth ฿847.07 Million THB (≈ $26.40 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 (฿1.17 Billion ≈ $36.54 Million USD) and total liabilities (฿325.25 Million ≈ $10.14 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 GTB cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿847.07 Million |
| % of Total Assets | 72.26% |
| Annual Growth Rate | 7.62% |
| 5-Year Change | 15.26% |
| 10-Year Change | 167.7% |
| Growth Volatility | 30.54 |
Getabec Public Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Getabec Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Getabec Public Company Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Getabec Public Company Limited (2013–2024)
The table below shows the annual net assets of Getabec Public Company Limited from 2013 to 2024. For live valuation and market cap data, see GTB market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿836.64 Million ≈ $26.08 Million |
+4.75% |
| 2023-12-31 | ฿798.71 Million ≈ $24.90 Million |
+13.99% |
| 2022-12-31 | ฿700.69 Million ≈ $21.84 Million |
+7.82% |
| 2021-12-31 | ฿649.87 Million ≈ $20.26 Million |
-10.47% |
| 2020-12-31 | ฿725.88 Million ≈ $22.63 Million |
-2.87% |
| 2019-12-31 | ฿747.30 Million ≈ $23.29 Million |
+22.89% |
| 2018-12-31 | ฿608.11 Million ≈ $18.95 Million |
-4.25% |
| 2017-12-31 | ฿635.11 Million ≈ $19.80 Million |
+1.82% |
| 2016-12-31 | ฿623.78 Million ≈ $19.44 Million |
+99.59% |
| 2015-12-31 | ฿312.53 Million ≈ $9.74 Million |
-24.27% |
| 2014-12-31 | ฿412.67 Million ≈ $12.86 Million |
+10.65% |
| 2013-12-31 | ฿372.97 Million ≈ $11.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Getabec 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 4.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿226.83 Million | 27.11% |
| Common Stock | ฿240.00 Million | 28.69% |
| Other Comprehensive Income | ฿24.00 Million | 2.87% |
| Other Components | ฿345.80 Million | 41.33% |
| Total Equity | ฿836.64 Million | 100.00% |
Getabec Public Company Limited Competitors by Market Cap
The table below lists competitors of Getabec Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kingsmen Resources Ltd
V:KNG
|
$22.74 Million |
|
JV SPAC Acquisition Corp. Class A Ordinary Share
NASDAQ:JVSA
|
$22.75 Million |
|
Oversea Enterprise Bhd
KLSE:0153
|
$22.78 Million |
|
Compugates Holdings Bhd
KLSE:5037
|
$22.79 Million |
|
Bioleaders Corporation
KQ:142760
|
$22.73 Million |
|
Clearvue Technologies Ltd
AU:CPV
|
$22.72 Million |
|
CodeMill AB
ST:CDMIL
|
$22.72 Million |
|
Tah Tong Textile Co Ltd
TW:1441
|
$22.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Getabec Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 798,705,600 to 836,636,977, a change of 37,931,377 (4.7%).
- Net income of 77,732,845 contributed positively to equity growth.
- Dividend payments of 38,337,312 reduced retained earnings.
- Other comprehensive income decreased equity by 124,457,133.
- Other factors increased equity by 122,992,977.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿77.73 Million | +9.29% |
| Dividends Paid | ฿38.34 Million | -4.58% |
| Other Comprehensive Income | ฿-124.46 Million | -14.88% |
| Other Changes | ฿122.99 Million | +14.7% |
| Total Change | ฿- | 4.75% |
Book Value vs Market Value Analysis
This analysis compares Getabec 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: 0.87x
- 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 |
|---|---|---|---|
| 2013-12-31 | ฿0.81 | ฿0.76 | x |
| 2014-12-31 | ฿0.90 | ฿0.76 | x |
| 2015-12-31 | ฿0.57 | ฿0.76 | x |
| 2016-12-31 | ฿0.69 | ฿0.76 | x |
| 2017-12-31 | ฿0.66 | ฿0.76 | x |
| 2018-12-31 | ฿0.63 | ฿0.76 | x |
| 2019-12-31 | ฿0.78 | ฿0.76 | x |
| 2020-12-31 | ฿0.76 | ฿0.76 | x |
| 2021-12-31 | ฿0.68 | ฿0.76 | x |
| 2022-12-31 | ฿0.73 | ฿0.76 | x |
| 2023-12-31 | ฿0.83 | ฿0.76 | x |
| 2024-12-31 | ฿0.87 | ฿0.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Getabec 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): 9.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.76%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.38x
- Recent ROE (9.29%) is above the historical average (8.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 21.04% | 6.92% | 1.74x | 1.75x | ฿41.16 Million |
| 2014 | 12.05% | 5.17% | 1.42x | 1.65x | ฿8.47 Million |
| 2015 | 22.05% | 7.48% | 1.48x | 2.00x | ฿37.65 Million |
| 2016 | 11.68% | 7.34% | 1.06x | 1.51x | ฿10.51 Million |
| 2017 | 6.80% | 3.17% | 1.30x | 1.66x | ฿-20.32 Million |
| 2018 | 0.12% | 0.07% | 1.17x | 1.41x | ฿-60.08 Million |
| 2019 | 11.04% | 5.91% | 1.24x | 1.51x | ฿7.80 Million |
| 2020 | 4.65% | 3.02% | 1.07x | 1.45x | ฿-38.81 Million |
| 2021 | -9.05% | -6.65% | 0.87x | 1.56x | ฿-123.78 Million |
| 2022 | 6.35% | 4.02% | 1.10x | 1.43x | ฿-25.59 Million |
| 2023 | 7.56% | 5.50% | 0.97x | 1.42x | ฿-19.51 Million |
| 2024 | 9.29% | 6.76% | 1.00x | 1.38x | ฿-5.93 Million |
Industry Comparison
This section compares Getabec Public Company Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $390,200,766
- Average return on equity (ROE) among peers: -14.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Getabec Public Company Limited (GTB) | ฿847.07 Million | 21.04% | 0.38x | $22.74 Million |
| Kulthorn Kirby Public Company Limited (KKC) | $991.10 Million | -64.39% | 5.79x | $1.87 Million |
| Pioneer Motor Public Company Limited (PIMO) | $313.35 Million | 7.49% | 0.45x | $23.07 Million |
| Patkol Public Company Limited (PK) | $91.23 Million | 46.04% | 10.80x | $9.09 Million |
| Eureka Design Public Company Limited (UREKA) | $165.13 Million | -47.46% | 0.83x | $18.19 Million |
About Getabec Public Company Limited
Getabec Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of steam and hot water boilers in Thailand and internationally. It offers fire and water tube boilers, heat recovery steam generators, hot water boilers, quick steam generators, thermal oil heaters, and biomass and electric boilers; online monitoring systems for boiler operation; and plant … Read more