Multibax Public Company Limited
Multibax Public Company Limited engages in the manufacture and distribution of polymer bags in Thailand, North America, Australia, Europe, rest of Asia, and internationally. The company offers food packaging bags, garbage bags, bioplastic bags, and green plastic bags products. The company was incorporated in 1995 and is based in Chonburi, Thailand.
Multibax Public Company Limited (MBAX) - Net Assets
Latest net assets as of September 2025: ฿507.81 Million THB
Based on the latest financial reports, Multibax Public Company Limited (MBAX) has net assets worth ฿507.81 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 (฿1.46 Billion) and total liabilities (฿956.13 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 | ฿507.81 Million |
| % of Total Assets | 34.69% |
| Annual Growth Rate | 6.47% |
| 5-Year Change | -19.33% |
| 10-Year Change | 23.59% |
| Growth Volatility | 20.96 |
Multibax Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Multibax 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 Multibax Public Company Limited (2005–2024)
The table below shows the annual net assets of Multibax Public Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿479.92 Million | -3.72% |
| 2023-12-31 | ฿498.48 Million | -15.56% |
| 2022-12-31 | ฿590.33 Million | +7.37% |
| 2021-12-31 | ฿549.84 Million | -7.57% |
| 2020-12-31 | ฿594.89 Million | +17.76% |
| 2019-12-31 | ฿505.18 Million | -3.89% |
| 2018-12-31 | ฿525.63 Million | +4.25% |
| 2017-12-31 | ฿504.18 Million | +25.18% |
| 2016-12-31 | ฿402.77 Million | +3.72% |
| 2015-12-31 | ฿388.31 Million | +21.03% |
| 2014-12-31 | ฿320.85 Million | +5.55% |
| 2013-12-31 | ฿303.97 Million | -1.88% |
| 2012-12-31 | ฿309.81 Million | +20.18% |
| 2011-12-31 | ฿257.79 Million | -6.37% |
| 2010-12-31 | ฿275.32 Million | -13.09% |
| 2009-12-31 | ฿316.80 Million | -0.30% |
| 2008-12-31 | ฿317.76 Million | +2.34% |
| 2007-12-31 | ฿310.50 Million | +82.84% |
| 2006-12-31 | ฿169.82 Million | +16.51% |
| 2005-12-31 | ฿145.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Multibax 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 decreased by 84.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿12.79 Million | 2.67% |
| Common Stock | ฿198.78 Million | 41.42% |
| Other Comprehensive Income | ฿25.59 Million | 5.33% |
| Other Components | ฿242.77 Million | 50.58% |
| Total Equity | ฿479.92 Million | 100.00% |
Multibax Public Company Limited Competitors by Market Cap
The table below lists competitors of Multibax Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SSB Bancorp Inc
PINK:SSBP
|
$7.21 Million |
|
Inter-M Corporation
KQ:017250
|
$7.21 Million |
|
BWYS Group Berhad
KLSE:0313
|
$7.21 Million |
|
Welspun Investments and Commercials Limited
NSE:WELINV
|
$7.22 Million |
|
Shin Hwa Silup
KO:001770
|
$7.21 Million |
|
Logisys Inc
KQ:067730
|
$7.21 Million |
|
Step One Clothing Limited
F:J6H
|
$7.21 Million |
|
Netlinkz Ltd
AU:NET
|
$7.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Multibax Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 498,477,555 to 479,921,009, a change of -18,556,546 (-3.7%).
- Net loss of 19,982,353 reduced equity.
- New share issuances of 1,425,807 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-19.98 Million | -4.16% |
| Share Issuances | ฿1.43 Million | +0.3% |
| Total Change | ฿- | -3.72% |
Book Value vs Market Value Analysis
This analysis compares Multibax 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: 0.92x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿2.35 | ฿2.22 | x |
| 2006-12-31 | ฿2.04 | ฿2.22 | x |
| 2007-12-31 | ฿2.47 | ฿2.22 | x |
| 2008-12-31 | ฿2.48 | ฿2.22 | x |
| 2009-12-31 | ฿2.47 | ฿2.22 | x |
| 2010-12-31 | ฿2.15 | ฿2.22 | x |
| 2011-12-31 | ฿2.01 | ฿2.22 | x |
| 2012-12-31 | ฿2.42 | ฿2.22 | x |
| 2013-12-31 | ฿2.37 | ฿2.22 | x |
| 2014-12-31 | ฿2.51 | ฿2.22 | x |
| 2015-12-31 | ฿2.45 | ฿2.22 | x |
| 2016-12-31 | ฿2.38 | ฿2.22 | x |
| 2017-12-31 | ฿2.96 | ฿2.22 | x |
| 2018-12-31 | ฿2.74 | ฿2.22 | x |
| 2019-12-31 | ฿2.63 | ฿2.22 | x |
| 2020-12-31 | ฿3.10 | ฿2.22 | x |
| 2021-12-31 | ฿2.87 | ฿2.22 | x |
| 2022-12-31 | ฿2.70 | ฿2.22 | x |
| 2023-12-31 | ฿2.55 | ฿2.22 | x |
| 2024-12-31 | ฿2.42 | ฿2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Multibax 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): -4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.45%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 3.16x
- Recent ROE (-4.16%) is below the historical average (13.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 53.71% | 5.90% | 1.64x | 5.54x | ฿63.71 Million |
| 2006 | 32.42% | 4.08% | 1.39x | 5.71x | ฿38.08 Million |
| 2007 | 14.04% | 2.75% | 1.43x | 3.56x | ฿12.55 Million |
| 2008 | 10.34% | 1.88% | 1.65x | 3.33x | ฿1.09 Million |
| 2009 | 8.99% | 2.06% | 1.38x | 3.17x | ฿-3.21 Million |
| 2010 | -11.34% | -2.31% | 1.37x | 3.59x | ฿-58.77 Million |
| 2011 | -6.63% | -1.33% | 1.42x | 3.51x | ฿-42.87 Million |
| 2012 | 20.92% | 4.42% | 1.55x | 3.05x | ฿33.84 Million |
| 2013 | 3.13% | 0.65% | 1.40x | 3.43x | ฿-20.88 Million |
| 2014 | 13.24% | 2.44% | 1.65x | 3.29x | ฿10.39 Million |
| 2015 | 19.55% | 4.40% | 1.63x | 2.73x | ฿37.09 Million |
| 2016 | 14.42% | 3.82% | 1.47x | 2.57x | ฿17.80 Million |
| 2017 | 12.18% | 3.73% | 1.51x | 2.17x | ฿11.00 Million |
| 2018 | 15.76% | 5.33% | 1.36x | 2.17x | ฿30.29 Million |
| 2019 | 10.09% | 3.55% | 1.22x | 2.33x | ฿459.27K |
| 2020 | 29.60% | 9.35% | 1.30x | 2.43x | ฿116.57 Million |
| 2021 | 11.35% | 4.28% | 0.99x | 2.67x | ฿7.42 Million |
| 2022 | 20.77% | 6.22% | 1.28x | 2.60x | ฿63.57 Million |
| 2023 | -7.65% | -3.41% | 0.80x | 2.79x | ฿-88.00 Million |
| 2024 | -4.16% | -1.45% | 0.91x | 3.16x | ฿-67.97 Million |
Industry Comparison
This section compares Multibax Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $20,180,123,046
- Average return on equity (ROE) among peers: 6.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Multibax Public Company Limited (MBAX) | ฿507.81 Million | 53.71% | 1.88x | $7.21 Million |
| A.J. Plast Public Company Limited (AJ) | $4.49 Billion | -8.17% | 2.18x | $16.12 Million |
| BG Container Glass Public Company Limited (BGC) | $5.49 Billion | 9.54% | 2.41x | $20.59 Million |
| Crown Seal Public Company Limited (CSC) | $3.09 Billion | 8.09% | 0.19x | $21.44 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $814.10 Million | 9.96% | 1.69x | $4.22 Million |
| Prodigy Public Company Limited (PDG) | $594.82 Million | 4.86% | 0.18x | $8.62 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.10 Billion | 10.43% | 1.61x | $18.84 Million |
| PMC LABEL MATERIALS PUBLIC COMPANY LIMITED (PMC) | $547.95 Million | 7.39% | 0.94x | $2.85 Million |
| SCG Packaging Public Company Limited (SCGP) | $109.84 Billion | 5.88% | 0.57x | $553.20 Million |
| SCG PACKAGING PCL-NVDR (SCGP-R) | $55.65 Billion | 7.95% | 0.64x | $544.28 Million |