KCE Electronics Public Company Limited (KCE) - Net Assets

Latest as of December 2025: ฿13.20 Billion THB ≈ $411.31 Million USD

Based on the latest financial reports, KCE Electronics Public Company Limited (KCE) has net assets worth ฿13.20 Billion THB (≈ $411.31 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 (฿17.93 Billion ≈ $558.85 Million USD) and total liabilities (฿4.73 Billion ≈ $147.54 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 KCE goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿13.20 Billion
% of Total Assets	73.6%
Annual Growth Rate	8.14%
5-Year Change	-1.83%
10-Year Change	31.6%
Growth Volatility	69.43

KCE Electronics Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how KCE Electronics Public Company Limited's net assets have evolved over time, based on quarterly financial data. See KCE Electronics Public Company Limited (KCE) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for KCE Electronics Public Company Limited (2000–2025)

The table below shows the annual net assets of KCE Electronics Public Company Limited from 2000 to 2025. For live valuation and market cap data, see KCE Electronics Public Company Limited (KCE) total market value.

Year	Net Assets	Change
2025-12-31	฿13.20 Billion ≈ $411.31 Million	-4.50%
2024-12-31	฿13.82 Billion ≈ $430.70 Million	+0.50%
2023-12-31	฿13.75 Billion ≈ $428.55 Million	+2.26%
2022-12-31	฿13.45 Billion ≈ $419.08 Million	+0.02%
2021-12-31	฿13.44 Billion ≈ $418.98 Million	+11.44%
2020-12-31	฿12.06 Billion ≈ $375.96 Million	+2.55%
2019-12-31	฿11.76 Billion ≈ $366.61 Million	-2.04%
2018-12-31	฿12.01 Billion ≈ $374.25 Million	+6.50%
2017-12-31	฿11.27 Billion ≈ $351.41 Million	+12.43%
2016-12-31	฿10.03 Billion ≈ $312.55 Million	+23.79%
2015-12-31	฿8.10 Billion ≈ $252.48 Million	+26.80%
2014-12-31	฿6.39 Billion ≈ $199.11 Million	+55.41%
2013-12-31	฿4.11 Billion ≈ $128.12 Million	+33.58%
2012-12-31	฿3.08 Billion ≈ $95.91 Million	+22.69%
2011-12-31	฿2.51 Billion ≈ $78.18 Million	+341.64%
2010-12-31	฿567.92 Million ≈ $17.70 Million	-77.09%
2009-12-31	฿2.48 Billion ≈ $77.25 Million	-8.54%
2008-12-31	฿2.71 Billion ≈ $84.47 Million	0.00%
2007-12-31	฿2.71 Billion ≈ $84.47 Million	+18.69%
2006-12-31	฿2.28 Billion ≈ $71.17 Million	-4.86%
2005-12-31	฿2.40 Billion ≈ $74.81 Million	+0.15%
2004-12-31	฿2.40 Billion ≈ $74.70 Million	+14.96%
2003-12-31	฿2.08 Billion ≈ $64.98 Million	+13.60%
2002-12-31	฿1.84 Billion ≈ $57.20 Million	+10.21%
2001-12-31	฿1.67 Billion ≈ $51.90 Million	-10.72%
2000-12-31	฿1.87 Billion ≈ $58.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to KCE Electronics 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 3371.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿10.42 Billion	79.35%
Other Components	฿2.71 Billion	20.65%
Total Equity	฿13.14 Billion	100.00%

KCE Electronics Public Company Limited Competitors by Market Cap

The table below lists competitors of KCE Electronics Public Company Limited ranked by their market capitalization.

Company	Market Cap
Juli Sling Co Ltd SHE:002342	$1.40 Billion
Aerospace Industrial Development Corp TW:2634	$1.40 Billion
Hangzhou Honghua Digital Technology Stock Company LTD SHG:688789	$1.40 Billion
Silicon2 Co. Ltd. KQ:257720	$1.40 Billion
Tibet Tianlu Co Ltd SHG:600326	$1.40 Billion
Macquarie Technology Group Ltd AU:MAQ	$1.40 Billion
Clearway Energy Inc NYSE:CWEN-A	$1.40 Billion
Central Plaza Hotel Public Company Limited BK:CENTEL-R	$1.40 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 13,755,968,244 to 13,136,345,623, a change of -619,622,621 (-4.5%).
Net income of 832,680,369 contributed positively to equity growth.
Dividend payments of 1,418,506,315 reduced retained earnings.
Other comprehensive income decreased equity by 59,139,680.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿832.68 Million	+6.34%
Dividends Paid	฿1.42 Billion	-10.8%
Other Comprehensive Income	฿-59.14 Million	-0.45%
Other Changes	฿25.34 Million	+0.19%
Total Change	฿-	-4.50%

Book Value vs Market Value Analysis

This analysis compares KCE Electronics 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: 3.42x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 16.51x to 3.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	฿2.30	฿38.00	x
2001-12-31	฿2.05	฿38.00	x
2002-12-31	฿2.25	฿38.00	x
2003-12-31	฿2.56	฿38.00	x
2004-12-31	฿2.81	฿38.00	x
2005-12-31	฿2.76	฿38.00	x
2006-12-31	฿3.35	฿38.00	x
2007-12-31	฿3.20	฿38.00	x
2008-12-31	฿2.69	฿38.00	x
2009-12-31	฿2.46	฿38.00	x
2010-12-31	฿2.86	฿38.00	x
2011-12-31	฿2.72	฿38.00	x
2012-12-31	฿3.33	฿38.00	x
2013-12-31	฿4.05	฿38.00	x
2014-12-31	฿5.54	฿38.00	x
2015-12-31	฿6.91	฿38.00	x
2016-12-31	฿8.52	฿38.00	x
2017-12-31	฿9.58	฿38.00	x
2018-12-31	฿10.19	฿38.00	x
2019-12-31	฿9.99	฿38.00	x
2020-12-31	฿10.23	฿38.00	x
2021-12-31	฿11.32	฿38.00	x
2022-12-31	฿11.32	฿38.00	x
2023-12-31	฿11.58	฿38.00	x
2024-12-31	฿11.45	฿38.00	x
2025-12-31	฿11.11	฿38.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently KCE Electronics 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): 6.34%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.37%
• Asset Turnover: 0.73x
• Equity Multiplier: 1.36x
Recent ROE (6.34%) is below the historical average (14.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	28.55%	13.86%	0.74x	2.80x	฿338.19 Million
2001	0.20%	0.09%	0.75x	2.92x	฿-159.15 Million
2002	8.25%	3.96%	0.65x	3.22x	฿-31.33 Million
2003	14.67%	6.02%	0.71x	3.43x	฿95.23 Million
2004	10.76%	4.06%	0.68x	3.88x	฿17.06 Million
2005	0.06%	0.02%	0.76x	4.02x	฿-219.66 Million
2006	-5.59%	-1.51%	0.85x	4.38x	฿-324.35 Million
2007	10.36%	3.00%	0.87x	3.98x	฿9.00 Million
2008	11.21%	3.25%	0.87x	3.98x	฿30.09 Million
2009	7.64%	2.89%	0.67x	3.92x	฿-52.98 Million
2010	20.15%	7.12%	0.86x	3.30x	฿269.31 Million
2011	5.24%	1.83%	0.77x	3.71x	฿-120.00 Million
2012	23.25%	11.00%	0.63x	3.35x	฿405.95 Million
2013	28.69%	12.63%	0.82x	2.76x	฿764.43 Million
2014	33.16%	18.70%	0.74x	2.38x	฿1.47 Billion
2015	27.75%	17.99%	0.74x	2.08x	฿1.43 Billion
2016	30.42%	22.02%	0.80x	1.73x	฿2.04 Billion
2017	22.66%	17.92%	0.80x	1.59x	฿1.42 Billion
2018	16.86%	14.41%	0.77x	1.52x	฿819.79 Million
2019	7.98%	7.72%	0.73x	1.41x	฿-236.74 Million
2020	9.38%	9.78%	0.66x	1.45x	฿-74.20 Million
2021	18.13%	16.24%	0.68x	1.64x	฿1.09 Billion
2022	17.31%	12.56%	0.88x	1.57x	฿978.28 Million
2023	12.56%	10.52%	0.85x	1.40x	฿350.73 Million
2024	11.98%	11.11%	0.81x	1.34x	฿272.86 Million
2025	6.34%	6.37%	0.73x	1.36x	฿-480.95 Million

Industry Comparison

This section compares KCE Electronics Public Company Limited's net assets metrics with peer companies in the Electronic Components industry.

Industry Context

Industry: Electronic Components
Average net assets among peers: $7,521,966,515
Average return on equity (ROE) among peers: 9.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
KCE Electronics Public Company Limited (KCE)	฿13.20 Billion	28.55%	0.36x	$1.40 Billion
Hana Microelectronics Public Company Limited (HANA)	$23.06 Billion	6.70%	0.21x	$1.04 Billion
Muramoto Electron (Thailand) Public Company Limited (METCO)	$5.98 Billion	4.31%	0.34x	$191.50 Million
SNC Former Public Company Limited (SNC)	$5.26 Billion	13.83%	1.60x	$75.60 Million
SVI Public Company Limited (SVI)	$2.48 Billion	15.49%	0.46x	$369.13 Million
Team Precision Public Company Limited (TEAM)	$832.74 Million	5.47%	0.51x	$93.33 Million

About KCE Electronics Public Company Limited

BK:KCE Thailand Electronic Components

Market Cap

$1.40 Billion

฿44.92 Billion THB

Market Cap Rank

#7647 Global

#54 in Thailand

Share Price

฿38.00

Change (1 day)

+0.00%

52-Week Range

฿16.00 - ฿39.75

All Time High

฿87.23