Khon Kaen Sugar Industry PCL (KSL) - Net Assets
Based on the latest financial reports, Khon Kaen Sugar Industry PCL (KSL) has net assets worth ฿22.15 Billion THB (≈ $690.26 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿49.18 Billion ≈ $1.53 Billion USD) and total liabilities (฿27.03 Billion ≈ $842.51 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 tangible equity quality of Khon Kaen Sugar Industry PCL to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿22.15 Billion |
| % of Total Assets | 45.03% |
| Annual Growth Rate | 11.07% |
| 5-Year Change | 9.58% |
| 10-Year Change | 32.36% |
| Growth Volatility | 39.41 |
Khon Kaen Sugar Industry PCL - Net Assets Trend (2003–2025)
This chart illustrates how Khon Kaen Sugar Industry PCL's net assets have evolved over time, based on quarterly financial data. See KSL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Khon Kaen Sugar Industry PCL (2003–2025)
The table below shows the annual net assets of Khon Kaen Sugar Industry PCL from 2003 to 2025. For live valuation and market cap data, see market cap of Khon Kaen Sugar Industry PCL.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | ฿22.04 Billion ≈ $686.92 Million |
-0.58% |
| 2024-10-31 | ฿22.17 Billion ≈ $690.90 Million |
+2.73% |
| 2023-10-31 | ฿21.58 Billion ≈ $672.53 Million |
+1.00% |
| 2022-10-31 | ฿21.36 Billion ≈ $665.88 Million |
+6.22% |
| 2021-10-31 | ฿20.11 Billion ≈ $626.86 Million |
+2.89% |
| 2020-10-31 | ฿19.55 Billion ≈ $609.23 Million |
+2.76% |
| 2019-10-31 | ฿19.02 Billion ≈ $592.88 Million |
+2.05% |
| 2018-10-31 | ฿18.64 Billion ≈ $580.96 Million |
+3.02% |
| 2017-10-31 | ฿18.09 Billion ≈ $563.92 Million |
+8.66% |
| 2016-10-31 | ฿16.65 Billion ≈ $518.98 Million |
+7.50% |
| 2015-10-31 | ฿15.49 Billion ≈ $482.76 Million |
+4.42% |
| 2014-10-31 | ฿14.83 Billion ≈ $462.33 Million |
+4.83% |
| 2013-10-31 | ฿14.15 Billion ≈ $441.04 Million |
+17.60% |
| 2012-10-31 | ฿12.03 Billion ≈ $375.03 Million |
+3.27% |
| 2011-10-31 | ฿11.65 Billion ≈ $363.17 Million |
+17.29% |
| 2010-10-31 | ฿9.93 Billion ≈ $309.64 Million |
-8.81% |
| 2009-10-31 | ฿10.89 Billion ≈ $339.56 Million |
+12.73% |
| 2008-10-31 | ฿9.66 Billion ≈ $301.22 Million |
-0.04% |
| 2007-10-31 | ฿9.67 Billion ≈ $301.35 Million |
+28.60% |
| 2006-10-31 | ฿7.52 Billion ≈ $234.34 Million |
+3.85% |
| 2005-10-31 | ฿7.24 Billion ≈ $225.66 Million |
+13.26% |
| 2004-10-31 | ฿6.39 Billion ≈ $199.24 Million |
+192.00% |
| 2003-10-31 | ฿2.19 Billion ≈ $68.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Khon Kaen Sugar Industry 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 3507.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿12.70 Billion | 59.01% |
| Common Stock | ฿2.21 Billion | 10.24% |
| Other Comprehensive Income | ฿3.67 Billion | 17.06% |
| Other Components | ฿2.95 Billion | 13.69% |
| Total Equity | ฿21.52 Billion | 100.00% |
Khon Kaen Sugar Industry PCL Competitors by Market Cap
The table below lists competitors of Khon Kaen Sugar Industry PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Red Hill Minerals Ltd
AU:RHI
|
$217.23 Million |
|
Sonmez Filament Sentetik Iplik ve Elyaf Sanayi AS
IS:SONME
|
$217.29 Million |
|
Bohae Brewery
KO:000890
|
$217.38 Million |
|
Piedmont Lithium Inc
AU:PLL
|
$217.40 Million |
|
Commerce.com, Inc.
NASDAQ:CMRC
|
$217.01 Million |
|
Banco Hipotecario SA
BA:BHIP
|
$216.85 Million |
|
Insecticides (India) Limited
NSE:INSECTICID
|
$216.78 Million |
|
Aprogen Healthcare & Games Inc
KQ:109960
|
$216.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Khon Kaen Sugar Industry PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,674,201,569 to 21,524,176,221, a change of -150,025,348 (-0.7%).
- Net loss of 660,422,831 reduced equity.
- Dividend payments of 220,510,503 reduced retained earnings.
- Other comprehensive income increased equity by 3,451,446,046.
- Other factors decreased equity by 2,720,538,060.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-660.42 Million | -3.07% |
| Dividends Paid | ฿220.51 Million | -1.02% |
| Other Comprehensive Income | ฿3.45 Billion | +16.04% |
| Other Changes | ฿-2.72 Billion | -12.64% |
| Total Change | ฿- | -0.69% |
Book Value vs Market Value Analysis
This analysis compares Khon Kaen Sugar Industry 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: 0.32x
- 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 0.95x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-10-31 | ฿1.66 | ฿1.58 | x |
| 2005-10-31 | ฿1.91 | ฿1.58 | x |
| 2006-10-31 | ฿1.88 | ฿1.58 | x |
| 2007-10-31 | ฿2.42 | ฿1.58 | x |
| 2008-10-31 | ฿2.42 | ฿1.58 | x |
| 2009-10-31 | ฿2.58 | ฿1.58 | x |
| 2010-10-31 | ฿2.38 | ฿1.58 | x |
| 2011-10-31 | ฿2.82 | ฿1.58 | x |
| 2012-10-31 | ฿2.92 | ฿1.58 | x |
| 2013-10-31 | ฿3.31 | ฿1.58 | x |
| 2014-10-31 | ฿2.91 | ฿1.58 | x |
| 2015-10-31 | ฿3.04 | ฿1.58 | x |
| 2016-10-31 | ฿3.67 | ฿1.58 | x |
| 2017-10-31 | ฿4.00 | ฿1.58 | x |
| 2018-10-31 | ฿4.13 | ฿1.58 | x |
| 2019-10-31 | ฿4.22 | ฿1.58 | x |
| 2020-10-31 | ฿4.31 | ฿1.58 | x |
| 2021-10-31 | ฿4.44 | ฿1.58 | x |
| 2022-10-31 | ฿4.74 | ฿1.58 | x |
| 2023-10-31 | ฿4.78 | ฿1.58 | x |
| 2024-10-31 | ฿4.91 | ฿1.58 | x |
| 2025-10-31 | ฿4.88 | ฿1.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Khon Kaen Sugar Industry 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): -3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.15%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.12x
- Recent ROE (-3.07%) is below the historical average (8.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 10.50% | 5.69% | 1.06x | 1.74x | ฿9.77 Million |
| 2004 | 11.17% | 9.79% | 0.76x | 1.50x | ฿62.05 Million |
| 2005 | 8.06% | 8.95% | 0.64x | 1.40x | ฿-119.17 Million |
| 2006 | 10.59% | 10.45% | 0.60x | 1.69x | ฿37.54 Million |
| 2007 | 10.14% | 9.15% | 0.65x | 1.70x | ฿11.21 Million |
| 2008 | 10.42% | 7.57% | 0.82x | 1.68x | ฿34.87 Million |
| 2009 | 10.25% | 7.71% | 0.57x | 2.34x | ฿22.29 Million |
| 2010 | 1.93% | 1.31% | 0.52x | 2.82x | ฿-662.40 Million |
| 2011 | 19.36% | 11.48% | 0.63x | 2.69x | ฿913.62 Million |
| 2012 | 22.90% | 10.60% | 0.75x | 2.88x | ฿1.33 Billion |
| 2013 | 13.73% | 8.77% | 0.53x | 2.98x | ฿451.18 Million |
| 2014 | 12.69% | 8.48% | 0.48x | 3.13x | ฿345.01 Million |
| 2015 | 6.08% | 4.32% | 0.47x | 3.00x | ฿-525.55 Million |
| 2016 | 8.82% | 8.43% | 0.44x | 2.37x | ฿-190.46 Million |
| 2017 | 11.16% | 12.61% | 0.36x | 2.44x | ฿205.40 Million |
| 2018 | 4.66% | 4.65% | 0.40x | 2.50x | ฿-972.97 Million |
| 2019 | 4.42% | 4.58% | 0.41x | 2.37x | ฿-1.04 Billion |
| 2020 | -0.51% | -0.82% | 0.29x | 2.16x | ฿-2.00 Billion |
| 2021 | 3.14% | 5.88% | 0.25x | 2.12x | ฿-1.34 Billion |
| 2022 | 6.32% | 8.09% | 0.39x | 1.99x | ฿-767.81 Million |
| 2023 | 4.28% | 4.90% | 0.46x | 1.89x | ฿-1.21 Billion |
| 2024 | 4.23% | 5.58% | 0.38x | 2.01x | ฿-1.25 Billion |
| 2025 | -3.07% | -4.15% | 0.35x | 2.12x | ฿-2.81 Billion |
Industry Comparison
This section compares Khon Kaen Sugar Industry PCL's net assets metrics with peer companies in the Confectioners industry.
Industry Context
- Industry: Confectioners
- Average net assets among peers: $3,781,745,483
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Khon Kaen Sugar Industry PCL (KSL) | ฿22.15 Billion | 10.50% | 1.22x | $217.19 Million |
| Buriram Sugar Public Company Limited (BRR) | $1.94 Billion | 6.67% | 3.67x | $91.12 Million |
| Khonburi Sugar Public Company Limited (KBS) | $3.43 Billion | 14.62% | 0.73x | $108.17 Million |
| Kaset Thai International Sugar Corporation Public Company Limited (KTIS) | $5.98 Billion | -14.42% | 1.54x | $222.58 Million |
About Khon Kaen Sugar Industry PCL
Khon Kaen Sugar Industry Public Company Limited, together with its subsidiaries, manufactures and distributes sugar and molasses in Thailand, the Lao People's Democratic Republic, and the Kingdom of Cambodia. The company operates through Manufacture and Distribution of Sugar and Molasses; Manufacture and Sale of Electricity; Real Estate Rental, and Other segments. It also offers raw sugar, high-q… Read more