Krungthai Car Rent and Lease Public Company Limited
Krungthai Car Rent and Lease Public Company Limited, together with its subsidiary, operates as a car leasing and rental company in Thailand. The company operates through Car Rental and Used Car Distribution segments. It also involved in the buying, selling, repairing, and exchanging of used and unused cars and spare parts. In addition, the company offers car maintenance services, such as fitting … Read more
Krungthai Car Rent and Lease Public Company Limited (KCAR) - Net Assets
Latest net assets as of September 2025: ฿2.49 Billion THB
Based on the latest financial reports, Krungthai Car Rent and Lease Public Company Limited (KCAR) has net assets worth ฿2.49 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 (฿5.47 Billion) and total liabilities (฿2.98 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 | ฿2.49 Billion |
| % of Total Assets | 45.55% |
| Annual Growth Rate | 10.11% |
| 5-Year Change | 14.16% |
| 10-Year Change | 35.93% |
| Growth Volatility | 51.69 |
Krungthai Car Rent and Lease Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Krungthai Car Rent and Lease 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 Krungthai Car Rent and Lease Public Company Limited (2004–2024)
The table below shows the annual net assets of Krungthai Car Rent and Lease Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.43 Billion | +1.98% |
| 2023-12-31 | ฿2.38 Billion | +2.26% |
| 2022-12-31 | ฿2.33 Billion | +3.19% |
| 2021-12-31 | ฿2.26 Billion | +6.08% |
| 2020-12-31 | ฿2.13 Billion | +3.50% |
| 2019-12-31 | ฿2.06 Billion | +1.38% |
| 2018-12-31 | ฿2.03 Billion | +0.67% |
| 2017-12-31 | ฿2.01 Billion | +1.60% |
| 2016-12-31 | ฿1.98 Billion | +10.95% |
| 2015-12-31 | ฿1.79 Billion | +4.62% |
| 2014-12-31 | ฿1.71 Billion | +5.32% |
| 2013-12-31 | ฿1.62 Billion | +1.10% |
| 2012-12-31 | ฿1.60 Billion | +14.23% |
| 2011-12-31 | ฿1.40 Billion | -38.29% |
| 2010-12-31 | ฿2.28 Billion | +106.57% |
| 2009-12-31 | ฿1.10 Billion | +14.90% |
| 2008-12-31 | ฿958.75 Million | -45.28% |
| 2007-12-31 | ฿1.75 Billion | +21.17% |
| 2006-12-31 | ฿1.45 Billion | +33.30% |
| 2005-12-31 | ฿1.08 Billion | +206.54% |
| 2004-12-31 | ฿353.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Krungthai Car Rent and Lease 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 1191.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.99 Billion | 81.84% |
| Common Stock | ฿250.00 Million | 10.29% |
| Other Comprehensive Income | ฿30.00 Million | 1.24% |
| Other Components | ฿160.94 Million | 6.63% |
| Total Equity | ฿2.43 Billion | 100.00% |
Krungthai Car Rent and Lease Public Company Limited Competitors by Market Cap
The table below lists competitors of Krungthai Car Rent and Lease Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EKOPAK N.V.
F:7XZ
|
$7.06 Million |
|
KENTANIX SUPRA INTERNATIONAL TBK
JK:KSIX
|
$7.06 Million |
|
Bio Green Energy Tech PCL
BK:BIOTEC
|
$7.06 Million |
|
Khadim India Limited
NSE:KHADIM
|
$7.06 Million |
|
TechStore Berhad
KLSE:0343
|
$7.05 Million |
|
XXLLD
PINK:XXLLD
|
$7.05 Million |
|
Dong Il Steel MFG Co Ltd
KO:002690
|
$7.05 Million |
|
Alzamend Neuro Inc
NASDAQ:ALZN
|
$7.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Krungthai Car Rent and Lease Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,381,432,546 to 2,428,594,507, a change of 47,161,961 (2.0%).
- Net income of 96,081,203 contributed positively to equity growth.
- Dividend payments of 47,499,968 reduced retained earnings.
- Other comprehensive income increased equity by 86,142.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿96.08 Million | +3.96% |
| Dividends Paid | ฿47.50 Million | -1.96% |
| Other Comprehensive Income | ฿86.14K | +0.0% |
| Other Changes | ฿-1.51 Million | -0.06% |
| Total Change | ฿- | 1.98% |
Book Value vs Market Value Analysis
This analysis compares Krungthai Car Rent and Lease 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: 0.49x
- 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 decreased from 1.47x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿3.23 | ฿4.76 | x |
| 2006-12-31 | ฿2.99 | ฿4.76 | x |
| 2007-12-31 | ฿3.41 | ฿4.76 | x |
| 2008-12-31 | ฿3.82 | ฿4.76 | x |
| 2009-12-31 | ฿4.38 | ฿4.76 | x |
| 2010-12-31 | ฿5.08 | ฿4.76 | x |
| 2011-12-31 | ฿5.58 | ฿4.76 | x |
| 2012-12-31 | ฿6.37 | ฿4.76 | x |
| 2013-12-31 | ฿6.49 | ฿4.76 | x |
| 2014-12-31 | ฿6.83 | ฿4.76 | x |
| 2015-12-31 | ฿7.15 | ฿4.76 | x |
| 2016-12-31 | ฿7.93 | ฿4.76 | x |
| 2017-12-31 | ฿8.06 | ฿4.76 | x |
| 2018-12-31 | ฿8.11 | ฿4.76 | x |
| 2019-12-31 | ฿8.22 | ฿4.76 | x |
| 2020-12-31 | ฿8.51 | ฿4.76 | x |
| 2021-12-31 | ฿9.03 | ฿4.76 | x |
| 2022-12-31 | ฿9.32 | ฿4.76 | x |
| 2023-12-31 | ฿9.53 | ฿4.76 | x |
| 2024-12-31 | ฿9.71 | ฿4.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Krungthai Car Rent and Lease 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): 3.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.74%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.40x
- Recent ROE (3.96%) is below the historical average (17.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 39.13% | 30.72% | 0.31x | 4.06x | ฿103.07 Million |
| 2005 | 24.94% | 22.64% | 0.40x | 2.75x | ฿98.80 Million |
| 2006 | 24.71% | 18.59% | 0.43x | 3.09x | ฿110.11 Million |
| 2007 | 25.00% | 17.57% | 0.45x | 3.14x | ฿127.74 Million |
| 2008 | 23.99% | 15.74% | 0.44x | 3.49x | ฿133.55 Million |
| 2009 | 24.31% | 16.19% | 0.46x | 3.30x | ฿156.80 Million |
| 2010 | 27.08% | 18.50% | 0.52x | 2.79x | ฿216.82 Million |
| 2011 | 23.17% | 14.73% | 0.60x | 2.62x | ฿183.79 Million |
| 2012 | 24.77% | 16.36% | 0.66x | 2.30x | ฿235.25 Million |
| 2013 | 16.85% | 13.78% | 0.58x | 2.11x | ฿111.01 Million |
| 2014 | 12.51% | 11.73% | 0.50x | 2.14x | ฿42.93 Million |
| 2015 | 11.39% | 10.79% | 0.49x | 2.14x | ฿24.77 Million |
| 2016 | 16.68% | 17.04% | 0.42x | 2.34x | ฿132.38 Million |
| 2017 | 16.90% | 16.74% | 0.41x | 2.48x | ฿139.05 Million |
| 2018 | 12.53% | 12.55% | 0.42x | 2.38x | ฿51.22 Million |
| 2019 | 10.74% | 11.55% | 0.35x | 2.69x | ฿15.28 Million |
| 2020 | 10.40% | 10.47% | 0.39x | 2.55x | ฿8.51 Million |
| 2021 | 10.02% | 10.61% | 0.37x | 2.53x | ฿434.39K |
| 2022 | 7.87% | 8.25% | 0.40x | 2.40x | ฿-49.66 Million |
| 2023 | 8.09% | 9.15% | 0.36x | 2.47x | ฿-45.45 Million |
| 2024 | 3.96% | 4.74% | 0.35x | 2.40x | ฿-146.78 Million |
Industry Comparison
This section compares Krungthai Car Rent and Lease Public Company Limited's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,268,306,926
- Average return on equity (ROE) among peers: 3.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Krungthai Car Rent and Lease Public Company Limited (KCAR) | ฿2.49 Billion | 39.13% | 1.20x | $7.05 Million |
| Synergetic Auto Performance Public Company Limited (ASAP) | $884.51 Million | -3.21% | 8.85x | $4.61 Million |
| Chukai Public Company Limited (CRANE) | $943.67 Million | 3.34% | 1.04x | $5.74 Million |
| Phatra Leasing Public Company Limited (PL) | $1.98 Billion | 10.18% | 3.62x | $14.02 Million |