Multibax Public Company Limited (MBAX) - Net Assets
Based on the latest financial reports, Multibax Public Company Limited (MBAX) has net assets worth ฿507.81 Million THB (≈ $15.83 Million USD) 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 ≈ $45.63 Million USD) and total liabilities (฿956.13 Million ≈ $29.80 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. Explore cash efficiency ratio of Multibax Public Company Limited to assess how effectively this company generates cash.
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. Also explore balance sheet size of Multibax Public Company Limited for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Multibax Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿479.92 Million ≈ $14.96 Million |
-3.72% |
| 2023-12-31 | ฿498.48 Million ≈ $15.54 Million |
-15.56% |
| 2022-12-31 | ฿590.33 Million ≈ $18.40 Million |
+7.37% |
| 2021-12-31 | ฿549.84 Million ≈ $17.14 Million |
-7.57% |
| 2020-12-31 | ฿594.89 Million ≈ $18.54 Million |
+17.76% |
| 2019-12-31 | ฿505.18 Million ≈ $15.75 Million |
-3.89% |
| 2018-12-31 | ฿525.63 Million ≈ $16.38 Million |
+4.25% |
| 2017-12-31 | ฿504.18 Million ≈ $15.71 Million |
+25.18% |
| 2016-12-31 | ฿402.77 Million ≈ $12.55 Million |
+3.72% |
| 2015-12-31 | ฿388.31 Million ≈ $12.10 Million |
+21.03% |
| 2014-12-31 | ฿320.85 Million ≈ $10.00 Million |
+5.55% |
| 2013-12-31 | ฿303.97 Million ≈ $9.47 Million |
-1.88% |
| 2012-12-31 | ฿309.81 Million ≈ $9.66 Million |
+20.18% |
| 2011-12-31 | ฿257.79 Million ≈ $8.04 Million |
-6.37% |
| 2010-12-31 | ฿275.32 Million ≈ $8.58 Million |
-13.09% |
| 2009-12-31 | ฿316.80 Million ≈ $9.87 Million |
-0.30% |
| 2008-12-31 | ฿317.76 Million ≈ $9.90 Million |
+2.34% |
| 2007-12-31 | ฿310.50 Million ≈ $9.68 Million |
+82.84% |
| 2006-12-31 | ฿169.82 Million ≈ $5.29 Million |
+16.51% |
| 2005-12-31 | ฿145.76 Million ≈ $4.54 Million |
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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 |
|---|---|
|
NetX Holdings Bhd
KLSE:0020
|
$11.77 Million |
|
Urgent.ly Inc. Common Stock
NASDAQ:ULY
|
$11.79 Million |
|
LBI Capital Bhd
KLSE:8494
|
$11.79 Million |
|
LIFESPEAK INC.
F:81F
|
$11.80 Million |
|
Origin Agritech Limited
STU:39O1
|
$11.77 Million |
|
Mg Internation
PA:ALMGI
|
$11.76 Million |
|
Kc Green Holdi
KO:009440
|
$11.75 Million |
|
DB (International) Stock Brokers Limited
NSE:DBSTOCKBRO
|
$11.75 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: 0.79x
- 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 | ฿1.90 | x |
| 2006-12-31 | ฿2.04 | ฿1.90 | x |
| 2007-12-31 | ฿2.47 | ฿1.90 | x |
| 2008-12-31 | ฿2.48 | ฿1.90 | x |
| 2009-12-31 | ฿2.47 | ฿1.90 | x |
| 2010-12-31 | ฿2.15 | ฿1.90 | x |
| 2011-12-31 | ฿2.01 | ฿1.90 | x |
| 2012-12-31 | ฿2.42 | ฿1.90 | x |
| 2013-12-31 | ฿2.37 | ฿1.90 | x |
| 2014-12-31 | ฿2.51 | ฿1.90 | x |
| 2015-12-31 | ฿2.45 | ฿1.90 | x |
| 2016-12-31 | ฿2.38 | ฿1.90 | x |
| 2017-12-31 | ฿2.96 | ฿1.90 | x |
| 2018-12-31 | ฿2.74 | ฿1.90 | x |
| 2019-12-31 | ฿2.63 | ฿1.90 | x |
| 2020-12-31 | ฿3.10 | ฿1.90 | x |
| 2021-12-31 | ฿2.87 | ฿1.90 | x |
| 2022-12-31 | ฿2.70 | ฿1.90 | x |
| 2023-12-31 | ฿2.55 | ฿1.90 | x |
| 2024-12-31 | ฿2.42 | ฿1.90 | 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: $1,474,536,349
- Average return on equity (ROE) among peers: 10.86%
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 | $11.77 Million |
| A.J. Plast Public Company Limited (AJ) | $3.51 Billion | 12.63% | 1.43x | $60.24 Million |
| Crown Seal Public Company Limited (CSC) | $1.61 Billion | 11.80% | 0.30x | $71.72 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $678.41 Million | -10.45% | 0.13x | $14.50 Million |
| Prodigy Public Company Limited (PDG) | $620.15 Million | 11.38% | 0.20x | $28.88 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.04 Billion | 3.27% | 1.46x | $36.46 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.42 Billion | 1.72% | 1.31x | $87.12 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $360.08 Million | 48.87% | 2.61x | $151.89 Million |
| S. Pack & Print Public Company Limited (SPACK) | $749.52 Million | 12.49% | 0.46x | $10.75 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $276.56 Million | 6.05% | 0.76x | $9.33 Million |
About 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.