Masterkool International Public Company Limited (KOOL) - Net Assets
Based on the latest financial reports, Masterkool International Public Company Limited (KOOL) has net assets worth ฿1.43 Billion THB (≈ $44.67 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 (฿1.84 Billion ≈ $57.49 Million USD) and total liabilities (฿411.16 Million ≈ $12.82 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 Masterkool International Public Company (KOOL) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.43 Billion |
| % of Total Assets | 77.71% |
| Annual Growth Rate | 25.16% |
| 5-Year Change | 256.4% |
| 10-Year Change | 268.18% |
| Growth Volatility | 84.4 |
Masterkool International Public Company Limited - Net Assets Trend (2012–2025)
This chart illustrates how Masterkool International Public Company Limited's net assets have evolved over time, based on quarterly financial data. See KOOL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Masterkool International Public Company Limited (2012–2025)
The table below shows the annual net assets of Masterkool International Public Company Limited from 2012 to 2025. For live valuation and market cap data, see KOOL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.43 Billion ≈ $44.67 Million |
-2.88% |
| 2024-12-31 | ฿1.48 Billion ≈ $46.00 Million |
-0.02% |
| 2023-12-31 | ฿1.48 Billion ≈ $46.00 Million |
+6.12% |
| 2022-12-31 | ฿1.39 Billion ≈ $43.35 Million |
+245.85% |
| 2021-12-31 | ฿402.13 Million ≈ $12.53 Million |
+111.13% |
| 2020-12-31 | ฿190.47 Million ≈ $5.94 Million |
-3.36% |
| 2019-12-31 | ฿197.10 Million ≈ $6.14 Million |
+17.16% |
| 2018-12-31 | ฿168.23 Million ≈ $5.24 Million |
-39.71% |
| 2017-12-31 | ฿279.02 Million ≈ $8.70 Million |
-28.32% |
| 2016-12-31 | ฿389.26 Million ≈ $12.13 Million |
+19.31% |
| 2015-12-31 | ฿326.26 Million ≈ $10.17 Million |
+200.69% |
| 2014-12-31 | ฿108.51 Million ≈ $3.38 Million |
+27.22% |
| 2013-12-31 | ฿85.29 Million ≈ $2.66 Million |
+10.09% |
| 2012-12-31 | ฿77.48 Million ≈ $2.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Masterkool International 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 183.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿79.79 Million | 5.83% |
| Other Components | ฿1.29 Billion | 94.17% |
| Total Equity | ฿1.37 Billion | 100.00% |
Masterkool International Public Company Limited Competitors by Market Cap
The table below lists competitors of Masterkool International Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sah Polymers Limited
NSE:SAH
|
$21.26 Million |
|
Cliq Digital AG
XETRA:CLIQ
|
$21.26 Million |
|
Silgo Retail Limited
NSE:SILGO
|
$21.27 Million |
|
Renewables Infrastructure Grp
LSE:TRIG
|
$21.27 Million |
|
Asiaplast Industries Tbk
JK:APLI
|
$21.24 Million |
|
Hyungji Elite
KO:093240
|
$21.23 Million |
|
Seko S.A.
WAR:SEK
|
$21.23 Million |
|
Polygiene AB
ST:POLYG
|
$21.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Masterkool International Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,407,324,815 to 1,369,325,615, a change of -37,999,200 (-2.7%).
- Net income of 45,703,080 contributed positively to equity growth.
- Dividend payments of 29,373,506 reduced retained earnings.
- Share repurchases of 20,047,348 reduced equity.
- Other comprehensive income decreased equity by 57,134,985.
- Other factors increased equity by 22,853,559.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿45.70 Million | +3.34% |
| Dividends Paid | ฿29.37 Million | -2.15% |
| Share Repurchases | ฿20.05 Million | -1.46% |
| Other Comprehensive Income | ฿-57.13 Million | -4.17% |
| Other Changes | ฿22.85 Million | +1.67% |
| Total Change | ฿- | -2.70% |
Book Value vs Market Value Analysis
This analysis compares Masterkool International 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: 0.50x
- 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 2.05x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.15 | ฿0.30 | x |
| 2014-12-31 | ฿0.22 | ฿0.30 | x |
| 2015-12-31 | ฿0.51 | ฿0.30 | x |
| 2016-12-31 | ฿0.50 | ฿0.30 | x |
| 2017-12-31 | ฿0.36 | ฿0.30 | x |
| 2018-12-31 | ฿0.22 | ฿0.30 | x |
| 2019-12-31 | ฿0.26 | ฿0.30 | x |
| 2020-12-31 | ฿0.25 | ฿0.30 | x |
| 2021-12-31 | ฿0.50 | ฿0.30 | x |
| 2022-12-31 | ฿0.74 | ฿0.30 | x |
| 2023-12-31 | ฿0.58 | ฿0.30 | x |
| 2024-12-31 | ฿0.59 | ฿0.30 | x |
| 2025-12-31 | ฿0.60 | ฿0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Masterkool International 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): 3.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.98%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.35x
- Recent ROE (3.34%) is above the historical average (-1.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.18% | 0.89% | 1.42x | 2.53x | ฿-5.81 Million |
| 2014 | 28.94% | 6.85% | 1.43x | 2.95x | ฿20.55 Million |
| 2015 | 2.46% | 1.26% | 1.16x | 1.68x | ฿-24.60 Million |
| 2016 | 22.35% | 9.87% | 1.55x | 1.46x | ฿48.07 Million |
| 2017 | -30.19% | -15.64% | 0.99x | 1.94x | ฿-112.14 Million |
| 2018 | -64.73% | -19.25% | 1.23x | 2.73x | ฿-125.71 Million |
| 2019 | 15.71% | 4.42% | 1.45x | 2.44x | ฿11.26 Million |
| 2020 | -1.85% | -0.48% | 1.40x | 2.75x | ฿-22.56 Million |
| 2021 | -5.31% | -4.11% | 0.82x | 1.57x | ฿-61.58 Million |
| 2022 | 2.96% | 7.93% | 0.33x | 1.12x | ฿-97.78 Million |
| 2023 | 4.98% | 15.15% | 0.24x | 1.38x | ฿-70.88 Million |
| 2024 | 3.86% | 7.53% | 0.37x | 1.39x | ฿-86.42 Million |
| 2025 | 3.34% | 8.98% | 0.28x | 1.35x | ฿-91.23 Million |
Industry Comparison
This section compares Masterkool International Public Company Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $2,138,549,704
- Average return on equity (ROE) among peers: 8.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Masterkool International Public Company Limited (KOOL) | ฿1.43 Billion | 3.18% | 0.29x | $21.25 Million |
| Bangkok Dec-Con Public Company Limited (BKD) | $1.15 Billion | 6.87% | 0.48x | $37.23 Million |
| East Coast Furnitech Public Company Limited (ECF) | $162.82 Million | 18.57% | 4.41x | $2.00 Million |
| Fancy Wood Industries Public Company Limited (FANCY) | $1.52 Billion | 16.74% | 0.09x | $6.52 Million |
| Home Pottery Public Company Limited (HPT) | $318.50 Million | 7.42% | 0.18x | $6.81 Million |
| Kang Yong Electric Public Company Limited (KYE) | $9.37 Billion | 7.87% | 0.19x | $189.46 Million |
| Modernform Group Public Company Limited (MODERN) | $2.11 Billion | 13.28% | 0.40x | $43.34 Million |
| Ocean Glass Public Company Limited (OGC) | $1.69 Billion | 5.58% | 0.79x | $5.95 Million |
| Rockworth Public Company Limited (ROCK) | $463.19 Million | 3.93% | 0.65x | $6.36 Million |
| Siam Steel International Public Company Limited (SIAM) | $2.47 Billion | -2.39% | 0.13x | $13.87 Million |
About Masterkool International Public Company Limited
CL Venture Public Company Limited, together with its subsidiaries, produces, sells, and services cooling products in Thailand. It operates through Sale of Cooling Products and Related Services, Financial Services, Property Development, and Vehicles for Rent segments. The company offers evaporative air coolers and misting fans under the MASTERKOOL and CoolTop brands; design, installation, and serv… Read more