Kijcharoen Engineering Electric PCL
Kijcharoen Engineering Electric Public Company Limited manufactures and distributes electrical cabinets, cable tray, and power solutions in Thailand. It also provides control cabinet, pull boxes, solar walkways, waterproof plastic boxes, switchboard, and sheet metal works, as well as design and consulting services. The company was founded in 1996 and is based in Samut Sakhon, Thailand.
Kijcharoen Engineering Electric PCL (KJL) - Net Assets
Latest net assets as of September 2025: ฿682.12 Million THB
Based on the latest financial reports, Kijcharoen Engineering Electric PCL (KJL) has net assets worth ฿682.12 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.44 Billion) and total liabilities (฿752.96 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 | ฿682.12 Million |
| % of Total Assets | 47.53% |
| Annual Growth Rate | 35.71% |
| 5-Year Change | 217.49% |
| 10-Year Change | N/A |
| Growth Volatility | 64.63 |
Kijcharoen Engineering Electric PCL - Net Assets Trend (2018–2024)
This chart illustrates how Kijcharoen Engineering Electric PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kijcharoen Engineering Electric PCL (2018–2024)
The table below shows the annual net assets of Kijcharoen Engineering Electric PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿689.00 Million | +11.73% |
| 2023-12-31 | ฿616.67 Million | +7.00% |
| 2022-12-31 | ฿576.33 Million | +181.77% |
| 2021-12-31 | ฿204.54 Million | -5.75% |
| 2020-12-31 | ฿217.02 Million | +67.28% |
| 2019-12-31 | ฿129.73 Million | +17.68% |
| 2018-12-31 | ฿110.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kijcharoen Engineering Electric PCL'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 169.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿181.43 Million | 26.33% |
| Other Components | ฿507.57 Million | 73.67% |
| Total Equity | ฿689.00 Million | 100.00% |
Kijcharoen Engineering Electric PCL Competitors by Market Cap
The table below lists competitors of Kijcharoen Engineering Electric PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DATRIX S.P.A.
F:BW6
|
$9.20 Million |
|
Mexco Energy Corporation
NYSE MKT:MXC
|
$9.21 Million |
|
Bintang Mitra Semestaraya Tbk
JK:BMSR
|
$9.21 Million |
|
Janfusun Fancyworld
TWO:5701
|
$9.21 Million |
|
Benton Resources Inc
PINK:BNTRF
|
$9.20 Million |
|
Anugerah Kagum Karya Utama Tbk PT
JK:AKKU
|
$9.20 Million |
|
ASIASOFT CORP.-NVDR-05
F:5ASA
|
$9.20 Million |
|
Dutaland Bhd
KLSE:3948
|
$9.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kijcharoen Engineering Electric PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 616,665,853 to 689,001,033, a change of 72,335,180 (11.7%).
- Net income of 181,374,146 contributed positively to equity growth.
- Dividend payments of 108,726,128 reduced retained earnings.
- Other comprehensive income decreased equity by 11,600,000.
- Other factors increased equity by 11,287,162.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿181.37 Million | +26.32% |
| Dividends Paid | ฿108.73 Million | -15.78% |
| Other Comprehensive Income | ฿-11.60 Million | -1.68% |
| Other Changes | ฿11.29 Million | +1.64% |
| Total Change | ฿- | 11.73% |
Book Value vs Market Value Analysis
This analysis compares Kijcharoen Engineering Electric PCL'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: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.52x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿0.48 | ฿5.95 | x |
| 2019-12-31 | ฿0.56 | ฿5.95 | x |
| 2020-12-31 | ฿0.94 | ฿5.95 | x |
| 2021-12-31 | ฿0.88 | ฿5.95 | x |
| 2022-12-31 | ฿2.48 | ฿5.95 | x |
| 2023-12-31 | ฿2.66 | ฿5.95 | x |
| 2024-12-31 | ฿2.97 | ฿5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kijcharoen Engineering Electric PCL 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): 26.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.06%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.82x
- Recent ROE (26.32%) is below the historical average (27.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 12.51% | 1.92% | 1.16x | 5.61x | ฿2.77 Million |
| 2019 | 15.02% | 2.61% | 1.20x | 4.81x | ฿6.51 Million |
| 2020 | 41.92% | 13.03% | 0.95x | 3.38x | ฿69.26 Million |
| 2021 | 45.98% | 11.20% | 1.16x | 3.53x | ฿73.58 Million |
| 2022 | 22.84% | 12.89% | 0.91x | 1.95x | ฿74.00 Million |
| 2023 | 24.72% | 14.08% | 1.02x | 1.72x | ฿90.79 Million |
| 2024 | 26.32% | 15.06% | 0.96x | 1.82x | ฿112.47 Million |
Industry Comparison
This section compares Kijcharoen Engineering Electric PCL's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,040,363,081
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kijcharoen Engineering Electric PCL (KJL) | ฿682.12 Million | 12.51% | 1.10x | $9.20 Million |
| BJC Heavy Industries Public Company Limited (BJCHI) | $3.38 Billion | 2.21% | 0.25x | $6.91 Million |
| Bangkok Sheet Metal Public Company Limited (BM) | $891.13 Million | 9.29% | 0.78x | $7.18 Million |
| BT Wealth Industries Public Company Limited (BTW) | $1.00 Billion | -14.26% | 0.64x | $1.00 Million |
| City Steel Public Company Limited (CITY) | $1.01 Billion | 13.73% | 0.04x | $3.05 Million |
| Fine Metal Technologies Public Company Limited (FMT) | $1.09 Billion | -1.28% | 1.97x | $8.80 Million |
| K.C. Metalsheet Public Company Limited (KCM) | $448.47 Million | -2.49% | 0.24x | $1.15 Million |
| Polynet PCL (POLY) | $1.30 Billion | 13.45% | 0.20x | $18.56 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $13.94 Million | 0.00% | 61.69x | $51.62 Million |
| STP&I Public Company Limited (STPI) | $220.62 Million | 0.00% | 4.02x | $142.29 Million |