Lee Feed Mill Public Company Limited
Lee Feed Mill Public Company Limited, together with its subsidiaries, manufactures and distributes animal feed primarily in Thailand and State of Cambodia. The company is involved in crop drying; silo business; distribution of raw materials for animal feed manufacture. It also offers experimental farming; distributes pet feed; rental farming; and plant breeding farming activities. Lee Feed Mill P… Read more
Lee Feed Mill Public Company Limited (LEE) - Net Assets
Latest net assets as of June 2024: ฿2.69 Billion THB
Based on the latest financial reports, Lee Feed Mill Public Company Limited (LEE) has net assets worth ฿2.69 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.04 Billion) and total liabilities (฿345.86 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 | ฿2.69 Billion |
| % of Total Assets | 88.61% |
| Annual Growth Rate | 3.26% |
| 5-Year Change | 3.49% |
| 10-Year Change | 7.87% |
| Growth Volatility | 5.68 |
Lee Feed Mill Public Company Limited - Net Assets Trend (2000–2023)
This chart illustrates how Lee Feed Mill 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 Lee Feed Mill Public Company Limited (2000–2023)
The table below shows the annual net assets of Lee Feed Mill Public Company Limited from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿2.75 Billion | +1.41% |
| 2022-12-31 | ฿2.71 Billion | -2.81% |
| 2021-12-31 | ฿2.79 Billion | +2.17% |
| 2020-12-31 | ฿2.73 Billion | +2.77% |
| 2019-12-31 | ฿2.66 Billion | +3.25% |
| 2018-12-31 | ฿2.57 Billion | -3.47% |
| 2017-12-31 | ฿2.67 Billion | -1.37% |
| 2016-12-31 | ฿2.70 Billion | +6.50% |
| 2015-12-31 | ฿2.54 Billion | -0.42% |
| 2014-12-31 | ฿2.55 Billion | -0.94% |
| 2013-12-31 | ฿2.57 Billion | +18.00% |
| 2012-12-31 | ฿2.18 Billion | -4.80% |
| 2011-12-31 | ฿2.29 Billion | +9.39% |
| 2010-12-31 | ฿2.09 Billion | +0.89% |
| 2009-12-31 | ฿2.08 Billion | +13.78% |
| 2008-12-31 | ฿1.82 Billion | -0.97% |
| 2007-12-31 | ฿1.84 Billion | +8.64% |
| 2006-12-31 | ฿1.70 Billion | +12.10% |
| 2005-12-31 | ฿1.51 Billion | +6.67% |
| 2004-12-31 | ฿1.42 Billion | +3.12% |
| 2003-12-31 | ฿1.38 Billion | +3.92% |
| 2002-12-31 | ฿1.32 Billion | -0.27% |
| 2001-12-31 | ฿1.33 Billion | +0.88% |
| 2000-12-31 | ฿1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lee Feed Mill 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 22.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿680.24 Million | 24.99% |
| Common Stock | ฿922.18 Million | 33.88% |
| Other Comprehensive Income | ฿458.92 Million | 16.86% |
| Other Components | ฿660.63 Million | 24.27% |
| Total Equity | ฿2.72 Billion | 100.00% |
Lee Feed Mill Public Company Limited Competitors by Market Cap
The table below lists competitors of Lee Feed Mill Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rodex Fasteners
TWO:5015
|
$30.79 Million |
|
Omaxe Limited
NSE:OMAXE
|
$30.80 Million |
|
Julien's International Entertainment Group
TWO:6595
|
$30.80 Million |
|
Brightrock Gold Corp
PINK:BRGC
|
$30.80 Million |
|
GDH Guangnan (Holdings) Limited
F:GUJB
|
$30.79 Million |
|
Heimstaden AB Pfd.
ST:HEIM-PREF
|
$30.77 Million |
|
Dawson Geophysical Company
NASDAQ:DWSN
|
$30.73 Million |
|
Mitrajaya Holdings Bhd
KLSE:9571
|
$30.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lee Feed Mill Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,683,327,835 to 2,721,968,535, a change of 38,640,700 (1.4%).
- Net income of 86,978,418 contributed positively to equity growth.
- Dividend payments of 27,601,154 reduced retained earnings.
- Share repurchases of 20,717,460 reduced equity.
- Other comprehensive income increased equity by 20,717,460.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿86.98 Million | +3.2% |
| Dividends Paid | ฿27.60 Million | -1.01% |
| Share Repurchases | ฿20.72 Million | -0.76% |
| Other Comprehensive Income | ฿20.72 Million | +0.76% |
| Other Changes | ฿-20.74 Million | -0.76% |
| Total Change | ฿- | 1.44% |
Book Value vs Market Value Analysis
This analysis compares Lee Feed Mill 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: 0.91x
- 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 1.19x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿2.26 | ฿2.70 | x |
| 2007-12-31 | ฿2.48 | ฿2.70 | x |
| 2008-12-31 | ฿2.46 | ฿2.70 | x |
| 2009-12-31 | ฿2.80 | ฿2.70 | x |
| 2010-12-31 | ฿2.59 | ฿2.70 | x |
| 2011-12-31 | ฿2.82 | ฿2.70 | x |
| 2012-12-31 | ฿2.71 | ฿2.70 | x |
| 2013-12-31 | ฿2.94 | ฿2.70 | x |
| 2014-12-31 | ฿2.74 | ฿2.70 | x |
| 2015-12-31 | ฿2.73 | ฿2.70 | x |
| 2016-12-31 | ฿2.90 | ฿2.70 | x |
| 2017-12-31 | ฿2.86 | ฿2.70 | x |
| 2018-12-31 | ฿2.76 | ฿2.70 | x |
| 2019-12-31 | ฿2.85 | ฿2.70 | x |
| 2020-12-31 | ฿2.93 | ฿2.70 | x |
| 2021-12-31 | ฿2.99 | ฿2.70 | x |
| 2022-12-31 | ฿2.91 | ฿2.70 | x |
| 2023-12-31 | ฿2.97 | ฿2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lee Feed Mill 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): 3.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.14x
- Recent ROE (3.20%) is below the historical average (12.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 25.53% | 13.84% | 1.50x | 1.23x | ฿200.87 Million |
| 2001 | 16.80% | 9.79% | 1.51x | 1.14x | ฿88.69 Million |
| 2002 | 15.86% | 8.23% | 1.70x | 1.13x | ฿76.11 Million |
| 2003 | 54.38% | 29.42% | 1.63x | 1.13x | ฿599.85 Million |
| 2004 | 10.66% | 5.59% | 1.67x | 1.14x | ฿9.25 Million |
| 2005 | 15.12% | 7.61% | 1.74x | 1.14x | ฿76.38 Million |
| 2006 | 20.75% | 8.71% | 2.10x | 1.13x | ฿180.32 Million |
| 2007 | 17.34% | 8.42% | 1.84x | 1.12x | ฿133.67 Million |
| 2008 | 7.15% | 3.28% | 1.87x | 1.17x | ฿-51.43 Million |
| 2009 | 14.31% | 8.14% | 1.55x | 1.13x | ฿88.54 Million |
| 2010 | 12.59% | 7.83% | 1.43x | 1.13x | ฿53.73 Million |
| 2011 | 13.52% | 8.14% | 1.44x | 1.15x | ฿79.93 Million |
| 2012 | 12.60% | 6.62% | 1.65x | 1.15x | ฿56.19 Million |
| 2013 | 9.17% | 5.92% | 1.36x | 1.14x | ฿-21.19 Million |
| 2014 | 7.03% | 4.69% | 1.31x | 1.14x | ฿-75.08 Million |
| 2015 | 5.79% | 4.21% | 1.22x | 1.13x | ฿-105.74 Million |
| 2016 | 9.27% | 7.32% | 1.13x | 1.12x | ฿-19.51 Million |
| 2017 | 7.24% | 5.75% | 1.11x | 1.13x | ฿-72.69 Million |
| 2018 | 3.22% | 2.77% | 1.02x | 1.14x | ฿-172.64 Million |
| 2019 | 5.70% | 5.70% | 0.88x | 1.13x | ฿-113.08 Million |
| 2020 | 6.93% | 6.60% | 0.90x | 1.16x | ฿-83.00 Million |
| 2021 | 4.93% | 3.64% | 1.15x | 1.17x | ฿-139.98 Million |
| 2022 | 1.10% | 0.88% | 1.10x | 1.14x | ฿-238.68 Million |
| 2023 | 3.20% | 2.97% | 0.95x | 1.14x | ฿-185.22 Million |
Industry Comparison
This section compares Lee Feed Mill Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,744,237,767
- Average return on equity (ROE) among peers: 12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lee Feed Mill Public Company Limited (LEE) | ฿2.69 Billion | 25.53% | 0.13x | $30.79 Million |
| Asian Alliance International PCL (AAI) | $4.88 Billion | 7.84% | 0.15x | $43.65 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $237.14 Million | 5.48% | 0.40x | $9.36 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $3.50 Billion | 23.39% | 0.78x | $49.87 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.82 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.07 Billion | 0.95% | 1.32x | $8.09 Million |
| Chin Huay PCL (CH) | $1.37 Billion | 9.31% | 0.40x | $13.66 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $597.83 Million | 27.03% | 0.46x | $12.59 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.39 Billion | 14.18% | 0.11x | $3.48 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.37 Billion | 7.17% | 0.11x | $6.08 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $49.18 Million |