Kumwell Corporation Public Company Limited
Kumwell Corporation Public Company Limited engages in the production and distribution of electrical equipment, graphite moulds, metal powders, and ground wires in Thailand and internationally. The company offers grounding systems comprising exothermic welding products, ground rod and accessories, grounding components, MEG, and grounding conductors; and lightning protection systems comprising ligh… Read more
Kumwell Corporation Public Company Limited (KUMWEL) - Net Assets
Latest net assets as of September 2025: ฿599.26 Million THB
Based on the latest financial reports, Kumwell Corporation Public Company Limited (KUMWEL) has net assets worth ฿599.26 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 (฿878.61 Million) and total liabilities (฿279.36 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 | ฿599.26 Million |
| % of Total Assets | 68.2% |
| Annual Growth Rate | 16.45% |
| 5-Year Change | 18.29% |
| 10-Year Change | N/A |
| Growth Volatility | 19.18 |
Kumwell Corporation Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how Kumwell Corporation 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 Kumwell Corporation Public Company Limited (2015–2024)
The table below shows the annual net assets of Kumwell Corporation Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿590.23 Million | +5.69% |
| 2023-12-31 | ฿558.44 Million | +0.80% |
| 2022-12-31 | ฿554.02 Million | +7.25% |
| 2021-12-31 | ฿516.57 Million | +3.52% |
| 2020-12-31 | ฿498.98 Million | +2.94% |
| 2019-12-31 | ฿484.75 Million | +37.93% |
| 2018-12-31 | ฿351.45 Million | +15.78% |
| 2017-12-31 | ฿303.54 Million | +25.82% |
| 2016-12-31 | ฿241.24 Million | +60.99% |
| 2015-12-31 | ฿149.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kumwell Corporation 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 137.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿277.29 Million | 46.98% |
| Other Components | ฿312.95 Million | 53.02% |
| Total Equity | ฿590.23 Million | 100.00% |
Kumwell Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of Kumwell Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUTO NEJIMA
BC:AUTO-NEJIMA
|
$4.16 Million |
|
Veganz Group AG
F:VEZ
|
$4.16 Million |
|
QUANTUM GENOMICS EO -40
F:2QG
|
$4.17 Million |
|
UMS Holdings Bhd
KLSE:7137
|
$4.17 Million |
|
Spectrumone publ AB
ST:SPEONE
|
$4.16 Million |
|
Southern ITS International Inc
PINK:SITS
|
$4.16 Million |
|
Spago Nanomedical AB
ST:SPAGO
|
$4.16 Million |
|
Comelf SA
RO:CMF
|
$4.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kumwell Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 558,443,237 to 590,234,403, a change of 31,791,166 (5.7%).
- Net income of 53,291,166 contributed positively to equity growth.
- Dividend payments of 21,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 39,173,983.
- Other factors increased equity by 39,173,983.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿53.29 Million | +9.03% |
| Dividends Paid | ฿21.50 Million | -3.64% |
| Other Comprehensive Income | ฿-39.17 Million | -6.64% |
| Other Changes | ฿39.17 Million | +6.64% |
| Total Change | ฿- | 5.69% |
Book Value vs Market Value Analysis
This analysis compares Kumwell Corporation 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: 0.77x
- 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 3.04x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.35 | ฿1.06 | x |
| 2016-12-31 | ฿0.52 | ฿1.06 | x |
| 2017-12-31 | ฿0.96 | ฿1.06 | x |
| 2018-12-31 | ฿1.17 | ฿1.06 | x |
| 2019-12-31 | ฿1.28 | ฿1.06 | x |
| 2020-12-31 | ฿1.16 | ฿1.06 | x |
| 2021-12-31 | ฿1.20 | ฿1.06 | x |
| 2022-12-31 | ฿1.29 | ฿1.06 | x |
| 2023-12-31 | ฿1.30 | ฿1.06 | x |
| 2024-12-31 | ฿1.37 | ฿1.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kumwell Corporation 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): 9.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.14%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.46x
- Recent ROE (9.03%) is below the historical average (14.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 30.59% | 14.26% | 1.27x | 1.69x | ฿30.85 Million |
| 2016 | 34.18% | 19.28% | 1.25x | 1.41x | ฿54.45 Million |
| 2017 | 23.03% | 15.53% | 1.11x | 1.34x | ฿37.45 Million |
| 2018 | 9.61% | 7.33% | 1.04x | 1.26x | ฿-1.36 Million |
| 2019 | 4.83% | 5.39% | 0.76x | 1.18x | ฿-25.08 Million |
| 2020 | 9.36% | 10.67% | 0.71x | 1.23x | ฿-3.21 Million |
| 2021 | 11.17% | 12.39% | 0.67x | 1.34x | ฿6.05 Million |
| 2022 | 11.16% | 11.08% | 0.61x | 1.65x | ฿6.41 Million |
| 2023 | 6.18% | 6.56% | 0.60x | 1.58x | ฿-21.32 Million |
| 2024 | 9.03% | 9.14% | 0.67x | 1.46x | ฿-5.73 Million |
Industry Comparison
This section compares Kumwell Corporation Public Company Limited's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $478,900,767
- Average return on equity (ROE) among peers: -11.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kumwell Corporation Public Company Limited (KUMWEL) | ฿599.26 Million | 30.59% | 0.47x | $4.16 Million |
| Firetrade Engineering PCL (FTE) | $750.78 Million | 5.86% | 0.45x | $12.90 Million |
| Harn Engineering Solutions Public Company Limited (HARN) | $451.80 Million | 10.23% | 0.26x | $10.25 Million |
| Phol Dhanya Public Company Limited (PHOL) | $234.13 Million | -50.18% | 2.36x | $8.38 Million |