K.C. Metalsheet Public Company Limited (KCM) - Net Assets

Latest as of September 2025: ฿393.68 Million THB ≈ $12.27 Million USD

Based on the latest financial reports, K.C. Metalsheet Public Company Limited (KCM) has net assets worth ฿393.68 Million THB (≈ $12.27 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 (฿613.36 Million ≈ $19.12 Million USD) and total liabilities (฿219.68 Million ≈ $6.85 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 K.C. Metalsheet Public Company Limited strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿393.68 Million
% of Total Assets	64.18%
Annual Growth Rate	5.48%
5-Year Change	-10.07%
10-Year Change	-5.54%
Growth Volatility	24.36

K.C. Metalsheet Public Company Limited - Net Assets Trend (2012–2024)

This chart illustrates how K.C. Metalsheet Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see KCM market cap overview.

Annual Net Assets for K.C. Metalsheet Public Company Limited (2012–2024)

The table below shows the annual net assets of K.C. Metalsheet Public Company Limited from 2012 to 2024. Also explore K.C. Metalsheet Public Company Limited annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	฿407.34 Million ≈ $12.70 Million	-4.85%
2023-12-31	฿428.12 Million ≈ $13.34 Million	-0.59%
2022-12-31	฿430.65 Million ≈ $13.42 Million	-2.99%
2021-12-31	฿443.92 Million ≈ $13.84 Million	-1.99%
2020-12-31	฿452.94 Million ≈ $14.12 Million	+1.00%
2019-12-31	฿448.47 Million ≈ $13.98 Million	-2.96%
2018-12-31	฿462.16 Million ≈ $14.41 Million	+2.23%
2017-12-31	฿452.07 Million ≈ $14.09 Million	-0.02%
2016-12-31	฿452.15 Million ≈ $14.09 Million	+4.85%
2015-12-31	฿431.23 Million ≈ $13.44 Million	-0.77%
2014-12-31	฿434.57 Million ≈ $13.55 Million	+87.44%
2013-12-31	฿231.84 Million ≈ $7.23 Million	+7.95%
2012-12-31	฿214.77 Million ≈ $6.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to K.C. Metalsheet 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 81.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿36.62 Million	8.99%
Common Stock	฿170.00 Million	41.73%
Other Comprehensive Income	฿5.64 Million	1.39%
Other Components	฿195.08 Million	47.89%
Total Equity	฿407.34 Million	100.00%

K.C. Metalsheet Public Company Limited Competitors by Market Cap

The table below lists competitors of K.C. Metalsheet Public Company Limited ranked by their market capitalization.

Company	Market Cap
Megado Minerals Ltd AU:MEG	$5.94 Million
HYDROTOR SA WAR:HDR	$5.94 Million
Bayan Mining and Minerals Ltd AU:BMM	$5.94 Million
Sundaram Multi Pap Limited NSE:SUNDARAM	$5.94 Million
Pollen Street PLC LSE:POLN	$5.93 Million
Spacetalk Ltd AU:SPA	$5.93 Million
Wa Kaolin Ltd AU:WAK	$5.93 Million
Upsellon Brands Holdings Ltd TA:UPSL	$5.93 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 428,118,319 to 407,340,305, a change of -20,778,014 (-4.9%).
Net loss of 21,905,536 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-21.91 Million	-5.38%
Other Changes	฿1.13 Million	+0.28%
Total Change	฿-	-4.85%

Book Value vs Market Value Analysis

This analysis compares K.C. Metalsheet 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: 0.47x
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 0.10x to 0.47x 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	฿2.68	฿0.28	x
2013-12-31	฿0.34	฿0.28	x
2014-12-31	฿1.70	฿0.28	x
2015-12-31	฿0.63	฿0.28	x
2016-12-31	฿0.66	฿0.28	x
2017-12-31	฿0.66	฿0.28	x
2018-12-31	฿0.68	฿0.28	x
2019-12-31	฿0.66	฿0.28	x
2020-12-31	฿0.67	฿0.28	x
2021-12-31	฿0.65	฿0.28	x
2022-12-31	฿0.63	฿0.28	x
2023-12-31	฿0.63	฿0.28	x
2024-12-31	฿0.60	฿0.28	x

Capital Efficiency Dashboard

This dashboard shows how efficiently K.C. Metalsheet 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): -5.38%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.15%
• Asset Turnover: 0.53x
• Equity Multiplier: 1.65x
Recent ROE (-5.38%) is below the historical average (3.01%), 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	21.84%	5.76%	1.39x	2.73x	฿25.43 Million
2013	18.15%	5.05%	1.16x	3.10x	฿18.89 Million
2014	1.63%	1.04%	1.09x	1.44x	฿-36.39 Million
2015	3.96%	3.04%	0.83x	1.57x	฿-26.06 Million
2016	2.81%	2.86%	0.57x	1.72x	฿-32.51 Million
2017	1.20%	1.38%	0.60x	1.45x	฿-39.78 Million
2018	1.11%	1.36%	0.66x	1.23x	฿-41.10 Million
2019	-2.49%	-3.27%	0.61x	1.24x	฿-56.03 Million
2020	1.12%	1.28%	0.65x	1.36x	฿-40.20 Million
2021	-1.10%	-1.13%	0.68x	1.43x	฿-49.27 Million
2022	-3.08%	-3.76%	0.57x	1.43x	฿-56.34 Million
2023	-0.66%	-0.74%	0.57x	1.55x	฿-45.63 Million
2024	-5.38%	-6.15%	0.53x	1.65x	฿-62.64 Million

Industry Comparison

This section compares K.C. Metalsheet Public Company Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $2,132,909,764
Average return on equity (ROE) among peers: 3.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
K.C. Metalsheet Public Company Limited (KCM)	฿393.68 Million	21.84%	0.56x	$5.93 Million
BJC Heavy Industries Public Company Limited (BJCHI)	$497.45 Million	0.00%	0.13x	$158.13 Million
Bangkok Sheet Metal Public Company Limited (BM)	$927.97 Million	4.33%	0.76x	$28.64 Million
BT Wealth Industries Public Company Limited (BTW)	$1.34 Billion	-1.83%	0.30x	$3.06 Million
City Steel Public Company Limited (CITY)	$1.09 Billion	11.49%	0.02x	$13.65 Million
Fine Metal Technologies Public Company Limited (FMT)	$1.12 Billion	2.04%	2.17x	$27.38 Million
STP&I Public Company Limited (STPI)	$7.82 Billion	2.57%	0.57x	$313.50 Million

About K.C. Metalsheet Public Company Limited

BK:KCM Thailand Metal Fabrication

Market Cap

$5.93 Million

฿190.40 Million THB

Market Cap Rank

#28354 Global

#602 in Thailand

Share Price

฿0.28

Change (1 day)

-3.45%

52-Week Range

฿0.15 - ฿0.30

All Time High

฿4.21