KCE Electronics Public Company Limited
KCE Electronics Public Company Limited, together with its subsidiaries, manufactures and distributes electric printed circuit boards (PCBs) under the KCE trademark worldwide. The company operates through three segments: Manufacturing and Distributing of Prepreg and Laminate, Manufacturing and Distributing of Printed Circuit Board, and Manufacturing and Distributing of Chemical. The company's PCBs… Read more
KCE Electronics Public Company Limited (KCE-R) - Net Assets
Latest net assets as of September 2024: ฿13.56 Billion THB
Based on the latest financial reports, KCE Electronics Public Company Limited (KCE-R) has net assets worth ฿13.56 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿18.09 Billion) and total liabilities (฿4.52 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 | ฿13.56 Billion |
| % of Total Assets | 74.98% |
| Annual Growth Rate | 10.07% |
| 5-Year Change | 16.9% |
| 10-Year Change | 115.24% |
| Growth Volatility | 75.05 |
KCE Electronics Public Company Limited - Net Assets Trend (2001–2023)
This chart illustrates how KCE Electronics 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 KCE Electronics Public Company Limited (2001–2023)
The table below shows the annual net assets of KCE Electronics Public Company Limited from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿13.75 Billion | +2.26% |
| 2022-12-31 | ฿13.45 Billion | +0.02% |
| 2021-12-31 | ฿13.44 Billion | +11.44% |
| 2020-12-31 | ฿12.06 Billion | +2.55% |
| 2019-12-31 | ฿11.76 Billion | -2.04% |
| 2018-12-31 | ฿12.01 Billion | +6.50% |
| 2017-12-31 | ฿11.27 Billion | +12.43% |
| 2016-12-31 | ฿10.03 Billion | +23.79% |
| 2015-12-31 | ฿8.10 Billion | +26.80% |
| 2014-12-31 | ฿6.39 Billion | +55.41% |
| 2013-12-31 | ฿4.11 Billion | +33.58% |
| 2012-12-31 | ฿3.08 Billion | +22.69% |
| 2011-12-31 | ฿2.51 Billion | +341.64% |
| 2010-12-31 | ฿567.92 Million | -77.09% |
| 2009-12-31 | ฿2.48 Billion | -8.54% |
| 2008-12-31 | ฿2.71 Billion | 0.00% |
| 2007-12-31 | ฿2.71 Billion | +18.69% |
| 2006-12-31 | ฿2.28 Billion | -4.86% |
| 2005-12-31 | ฿2.40 Billion | +0.15% |
| 2004-12-31 | ฿2.40 Billion | +30.59% |
| 2002-12-31 | ฿1.84 Billion | +10.21% |
| 2001-12-31 | ฿1.67 Billion | -- |
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 3030.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿10.92 Billion | 79.75% |
| Common Stock | ฿591.04 Million | 4.32% |
| Other Comprehensive Income | ฿59.14 Million | 0.43% |
| Other Components | ฿2.12 Billion | 15.50% |
| Total Equity | ฿13.69 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 |
|---|---|
|
Xinzhi Motor Co Ltd
SHE:002664
|
$569.08 Million |
|
Sekerbank TAS
IS:SKBNK
|
$569.33 Million |
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$569.40 Million |
|
SJVN Limited
NSE:SJVN
|
$569.60 Million |
|
Avanos Medical Inc
NYSE:AVNS
|
$568.55 Million |
|
Beijing Jiaxun Feihong Electrical Co Ltd
SHE:300213
|
$568.45 Million |
|
Daishin Securities Co Ltd Pref 2
KO:003547
|
$568.34 Million |
|
Janux Therapeutics Inc
NASDAQ:JANX
|
$568.21 Million |
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 2022 to 2023, total equity changed from 13,389,472,167 to 13,688,511,799, a change of 299,039,632 (2.2%).
- Net income of 1,719,581,960 contributed positively to equity growth.
- Dividend payments of 1,418,506,315 reduced retained earnings.
- Share repurchases of 860,040,929 reduced equity.
- New share issuances of 3,257,040 increased equity.
- Other factors increased equity by 854,747,876.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.72 Billion | +12.56% |
| Dividends Paid | ฿1.42 Billion | -10.36% |
| Share Repurchases | ฿860.04 Million | -6.28% |
| Share Issuances | ฿3.26 Million | +0.02% |
| Other Changes | ฿854.75 Million | +6.24% |
| Total Change | ฿- | 2.23% |
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: 2.27x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.28x to 2.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | ฿20.50 | ฿26.25 | x |
| 2002-12-31 | ฿22.52 | ฿26.25 | x |
| 2004-12-31 | ฿2.81 | ฿26.25 | x |
| 2005-12-31 | ฿2.76 | ฿26.25 | x |
| 2006-12-31 | ฿3.35 | ฿26.25 | x |
| 2007-12-31 | ฿3.20 | ฿26.25 | x |
| 2008-12-31 | ฿2.69 | ฿26.25 | x |
| 2009-12-31 | ฿2.46 | ฿26.25 | x |
| 2010-12-31 | ฿2.86 | ฿26.25 | x |
| 2011-12-31 | ฿2.72 | ฿26.25 | x |
| 2012-12-31 | ฿3.33 | ฿26.25 | x |
| 2013-12-31 | ฿4.05 | ฿26.25 | x |
| 2014-12-31 | ฿5.54 | ฿26.25 | x |
| 2015-12-31 | ฿6.91 | ฿26.25 | x |
| 2016-12-31 | ฿8.52 | ฿26.25 | x |
| 2017-12-31 | ฿9.58 | ฿26.25 | x |
| 2018-12-31 | ฿10.19 | ฿26.25 | x |
| 2019-12-31 | ฿9.99 | ฿26.25 | x |
| 2020-12-31 | ฿10.23 | ฿26.25 | x |
| 2021-12-31 | ฿11.32 | ฿26.25 | x |
| 2022-12-31 | ฿11.32 | ฿26.25 | x |
| 2023-12-31 | ฿11.58 | ฿26.25 | 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): 12.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.52%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.40x
- Recent ROE (12.56%) is below the historical average (14.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.20% | 0.09% | 0.75x | 2.92x | ฿-159.15 Million |
| 2002 | 8.25% | 3.96% | 0.65x | 3.22x | ฿-31.33 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 |
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: $3,386,576,576
- Average return on equity (ROE) among peers: 16.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KCE Electronics Public Company Limited (KCE-R) | ฿13.56 Billion | 0.20% | 0.33x | $568.59 Million |
| Muramoto Electron (Thailand) Public Company Limited (METCO) | $3.13 Billion | 21.80% | 1.07x | $37.26 Million |
| SNC Former Public Company Limited (SNC) | $1.81 Billion | 21.05% | 0.92x | $38.05 Million |
| SVI Public Company Limited (SVI) | $7.72 Billion | 9.23% | 0.89x | $96.84 Million |
| Team Precision Public Company Limited (TEAM) | $890.85 Million | 11.93% | 0.69x | $12.39 Million |