Harn Engineering Solutions Public Company Limited

BK:HARN Thailand Security & Protection Services
Market Cap
$34.05 Million
฿1.18 Billion THB
Market Cap Rank
#28412 Global
#514 in Thailand
Share Price
฿2.02
Change (1 day)
+1.00%
52-Week Range
฿1.93 - ฿2.22
All Time High
฿2.48
Categories
Companies in Thailand Security & Protection Services
About

Harn Engineering Solutions Public Company Limited engages in the wholesaling, retailing, repairing, renting, leasing, and installation of fire protection system and fire suppression products in Thailand and internationally. The company offers sprinklers, fire hose cabinets, floor control valves, pump room, and fire extinguishers for fire protection and safety solutions; and chiller, cooling tower… Read more

Harn Engineering Solutions Public Company Limited (HARN) - Net Assets

Latest net assets as of September 2025: ฿1.37 Billion THB

Based on the latest financial reports, Harn Engineering Solutions Public Company Limited (HARN) has net assets worth ฿1.37 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 (฿1.74 Billion) and total liabilities (฿375.46 Million). 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 ฿1.37 Billion
% of Total Assets 78.44%
Annual Growth Rate 20.69%
5-Year Change 4.58%
10-Year Change 205.0%
Growth Volatility 57.36

Harn Engineering Solutions Public Company Limited - Net Assets Trend (2012–2024)

This chart illustrates how Harn Engineering Solutions Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Harn Engineering Solutions Public Company Limited (2012–2024)

The table below shows the annual net assets of Harn Engineering Solutions Public Company Limited from 2012 to 2024.

Year Net Assets Change
2024-12-31 ฿1.38 Billion -0.37%
2023-12-31 ฿1.38 Billion +2.56%
2022-12-31 ฿1.35 Billion +2.28%
2021-12-31 ฿1.32 Billion +0.07%
2020-12-31 ฿1.32 Billion -0.31%
2019-12-31 ฿1.32 Billion +4.30%
2018-12-31 ฿1.27 Billion +4.32%
2017-12-31 ฿1.21 Billion +6.77%
2016-12-31 ฿1.14 Billion +151.80%
2015-12-31 ฿451.80 Million -1.90%
2014-12-31 ฿460.53 Million +162.09%
2013-12-31 ฿175.71 Million +21.76%
2012-12-31 ฿144.32 Million --

Equity Component Analysis

This analysis shows how different components contribute to Harn Engineering Solutions 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 grown by 289.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿280.66 Million 20.35%
Common Stock ฿292.25 Million 21.19%
Other Comprehensive Income ฿29.23 Million 2.12%
Other Components ฿777.19 Million 56.35%
Total Equity ฿1.38 Billion 100.00%

Harn Engineering Solutions Public Company Limited Competitors by Market Cap

The table below lists competitors of Harn Engineering Solutions Public Company Limited ranked by their market capitalization.

Company Market Cap
Spruce Ridge Resources Ltd
OTCQB:SRCGF
 		$10.26 Million
LEFORM
KLSE:0266
 		$10.26 Million
Cresud S.A.C.I.F. y A. Warrant
NASDAQ:CRESW
 		$10.26 Million
Toro Energy Limited
PINK:TOEYF
 		$10.26 Million
Wesizwe Platinum Limited
PINK:WSZWF
 		$10.25 Million
Luda Technology Group Limited
NYSE MKT:LUD
 		$10.25 Million
IKONISYS EO 2
F:9W8
 		$10.25 Million
Swoop Holdings Ltd
AU:SWP
 		$10.24 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Harn Engineering Solutions Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,383,416,594 to 1,379,322,000, a change of -4,094,594 (-0.3%).
  • Net income of 87,598,000 contributed positively to equity growth.
  • Dividend payments of 87,613,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 4,786,807.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿87.60 Million +6.35%
Dividends Paid ฿87.61 Million -6.35%
Other Comprehensive Income ฿-4.79 Million -0.35%
Other Changes ฿707.21K +0.05%
Total Change ฿- -0.30%

Book Value vs Market Value Analysis

This analysis compares Harn Engineering Solutions 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: 0.86x
  • 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 0.51x to 0.86x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 ฿3.93 ฿2.02 x
2013-12-31 ฿1.35 ฿2.02 x
2014-12-31 ฿1.89 ฿2.02 x
2015-12-31 ฿1.29 ฿2.02 x
2016-12-31 ฿3.06 ฿2.02 x
2017-12-31 ฿2.08 ฿2.02 x
2018-12-31 ฿2.17 ฿2.02 x
2019-12-31 ฿2.26 ฿2.02 x
2020-12-31 ฿2.25 ฿2.02 x
2021-12-31 ฿2.25 ฿2.02 x
2022-12-31 ฿2.31 ฿2.02 x
2023-12-31 ฿2.37 ฿2.02 x
2024-12-31 ฿2.36 ฿2.02 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harn Engineering Solutions 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): 6.35%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.07%
  • • Asset Turnover: 0.69x
  • • Equity Multiplier: 1.30x
  • Recent ROE (6.35%) is below the historical average (13.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 41.46% 11.94% 2.04x 1.70x ฿44.73 Million
2013 34.81% 11.79% 1.84x 1.60x ฿43.59 Million
2014 13.16% 10.59% 1.00x 1.24x ฿14.55 Million
2015 10.23% 8.14% 1.00x 1.26x ฿1.02 Million
2016 3.56% 6.28% 0.47x 1.21x ฿-73.23 Million
2017 10.68% 10.08% 0.88x 1.20x ฿8.21 Million
2018 10.60% 9.99% 0.87x 1.22x ฿7.64 Million
2019 11.32% 10.95% 0.86x 1.21x ฿17.45 Million
2020 7.44% 8.50% 0.70x 1.26x ฿-33.72 Million
2021 5.48% 7.04% 0.61x 1.28x ฿-59.53 Million
2022 6.59% 7.28% 0.68x 1.32x ฿-46.02 Million
2023 8.24% 8.77% 0.74x 1.27x ฿-24.30 Million
2024 6.35% 7.07% 0.69x 1.30x ฿-50.33 Million

Industry Comparison

This section compares Harn Engineering Solutions Public Company Limited's net assets metrics with peer companies in the Security & Protection Services industry.

Industry Context

  • Industry: Security & Protection Services
  • Average net assets among peers: $378,252,004
  • Average return on equity (ROE) among peers: -4.58%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harn Engineering Solutions Public Company Limited (HARN) ฿1.37 Billion 41.46% 0.27x $10.25 Million
Firetrade Engineering PCL (FTE) $750.78 Million 5.86% 0.45x $12.90 Million
Kumwell Corporation Public Company Limited (KUMWEL) $149.85 Million 30.59% 0.69x $4.16 Million
Phol Dhanya Public Company Limited (PHOL) $234.13 Million -50.18% 2.36x $8.38 Million