K. W. Metal Work Public Company Limited
K.W. Metal Work Public Company Limited manufactures and sells parts and accessories for farm machineries primarily in Thailand. It offers disc ploughs, plough implements and frames, screw flights, dozer blades, and rotary blades. The company engages in the sales and letting of equipment for extraction of substance from hemp and marijuana; and provision of repair and maintenance services. In addit… Read more
K. W. Metal Work Public Company Limited (KWM) - Net Assets
Latest net assets as of September 2025: ฿532.84 Million THB
Based on the latest financial reports, K. W. Metal Work Public Company Limited (KWM) has net assets worth ฿532.84 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 (฿623.43 Million) and total liabilities (฿90.59 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 | ฿532.84 Million |
| % of Total Assets | 85.47% |
| Annual Growth Rate | 17.98% |
| 5-Year Change | 47.51% |
| 10-Year Change | 232.32% |
| Growth Volatility | 22.75 |
K. W. Metal Work Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how K. W. Metal Work 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 K. W. Metal Work Public Company Limited (2014–2024)
The table below shows the annual net assets of K. W. Metal Work Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿536.83 Million | +3.99% |
| 2023-12-31 | ฿516.25 Million | +4.11% |
| 2022-12-31 | ฿495.88 Million | -0.65% |
| 2021-12-31 | ฿499.14 Million | +37.15% |
| 2020-12-31 | ฿363.94 Million | +5.48% |
| 2019-12-31 | ฿345.03 Million | +0.44% |
| 2018-12-31 | ฿343.51 Million | +62.77% |
| 2017-12-31 | ฿211.04 Million | +8.29% |
| 2016-12-31 | ฿194.89 Million | +20.65% |
| 2015-12-31 | ฿161.54 Million | +57.22% |
| 2014-12-31 | ฿102.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to K. W. Metal Work 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 16.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿96.11 Million | 18.33% |
| Other Components | ฿428.31 Million | 81.67% |
| Total Equity | ฿524.42 Million | 100.00% |
K. W. Metal Work Public Company Limited Competitors by Market Cap
The table below lists competitors of K. W. Metal Work Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Davis Commodities Limited Ordinary Shares
NASDAQ:DTCK
|
$5.12 Million |
|
Foxx Development Holdings Inc.
NASDAQ:FOXX
|
$5.12 Million |
|
Cuscapi Berhad
KLSE:0051
|
$5.12 Million |
|
Altiplano Metals Inc
PINK:ALTPF
|
$5.12 Million |
|
Resource Mining Corporation Ltd
AU:RMI
|
$5.12 Million |
|
AGROT
IS:AGROT
|
$5.12 Million |
|
Arinsiri Land Public Company Limited
BK:ARIN
|
$5.12 Million |
|
Space-Communication Ltd
PINK:SPMMF
|
$5.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K. W. Metal Work Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 501,791,088 to 524,423,903, a change of 22,632,815 (4.5%).
- Net income of 51,362,767 contributed positively to equity growth.
- Dividend payments of 28,334,769 reduced retained earnings.
- Other comprehensive income decreased equity by 27,250,000.
- Other factors increased equity by 26,854,817.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿51.36 Million | +9.79% |
| Dividends Paid | ฿28.33 Million | -5.4% |
| Other Comprehensive Income | ฿-27.25 Million | -5.2% |
| Other Changes | ฿26.85 Million | +5.12% |
| Total Change | ฿- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares K. W. Metal Work 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: 0.78x
- 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 0.33x to 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿2.57 | ฿0.84 | x |
| 2015-12-31 | ฿0.38 | ฿0.84 | x |
| 2016-12-31 | ฿0.46 | ฿0.84 | x |
| 2017-12-31 | ฿140.69 | ฿0.84 | x |
| 2018-12-31 | ฿1.03 | ฿0.84 | x |
| 2019-12-31 | ฿0.82 | ฿0.84 | x |
| 2020-12-31 | ฿0.87 | ฿0.84 | x |
| 2021-12-31 | ฿1.04 | ฿0.84 | x |
| 2022-12-31 | ฿0.93 | ฿0.84 | x |
| 2023-12-31 | ฿1.02 | ฿0.84 | x |
| 2024-12-31 | ฿1.07 | ฿0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K. W. Metal Work 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): 9.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.98%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.40x
- Recent ROE (9.79%) is below the historical average (11.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 29.54% | 14.02% | 0.74x | 2.84x | ฿20.07 Million |
| 2015 | 17.21% | 10.65% | 0.79x | 2.05x | ฿11.65 Million |
| 2016 | 18.36% | 13.04% | 0.85x | 1.67x | ฿16.29 Million |
| 2017 | 9.87% | 8.12% | 0.75x | 1.63x | ฿-268.64K |
| 2018 | 8.95% | 9.22% | 0.73x | 1.33x | ฿-3.62 Million |
| 2019 | 7.84% | 8.03% | 0.78x | 1.24x | ฿-7.45 Million |
| 2020 | 11.90% | 12.29% | 0.74x | 1.31x | ฿6.93 Million |
| 2021 | 6.29% | 6.46% | 0.73x | 1.33x | ฿-18.01 Million |
| 2022 | 6.33% | 6.46% | 0.74x | 1.33x | ฿-17.69 Million |
| 2023 | 4.63% | 5.06% | 0.73x | 1.26x | ฿-26.96 Million |
| 2024 | 9.79% | 9.98% | 0.70x | 1.40x | ฿-1.08 Million |
Industry Comparison
This section compares K. W. Metal Work Public Company Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $606,250,890
- Average return on equity (ROE) among peers: -0.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K. W. Metal Work Public Company Limited (KWM) | ฿532.84 Million | 29.54% | 0.17x | $5.12 Million |
| Cho Thavee Public Company Limited (CHO) | $937.28 Million | -25.47% | 2.35x | $931.69K |
| Nex Point Public Company Limited (NEX) | $565.47 Million | 28.75% | 0.16x | $131.64 Million |
| T.C.J. Asia Public Company Limited (TCJ) | $327.37 Million | 0.00% | 2.76x | $4.17 Million |
| T.M.C. Industrial Public Company Limited (TMC) | $594.88 Million | -4.92% | 0.15x | $6.23 Million |