M.C.S. Steel Public Company Limited

BK:MCS Thailand Steel
Market Cap
$131.37 Million
฿4.56 Billion THB
Market Cap Rank
#17758 Global
#139 in Thailand
Share Price
฿9.55
Change (1 day)
-0.52%
52-Week Range
฿7.20 - ฿9.60
All Time High
฿14.02
Categories
Companies in Thailand Steel
About

M.C.S. Steel Public Company Limited engages in the design, production, and distribution of structural steel products for building construction in Thailand, China, and Japan. The company fabricates high-rise steel structure buildings, power plants, bridges, and general steel works. It is also involved in the welder training and real estate activities; and provides engineering and design services, … Read more

M.C.S. Steel Public Company Limited (MCS) - Net Assets

Latest net assets as of September 2025: ฿4.13 Billion THB

Based on the latest financial reports, M.C.S. Steel Public Company Limited (MCS) has net assets worth ฿4.13 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.84 Billion) and total liabilities (฿1.70 Billion). 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 ฿4.13 Billion
% of Total Assets 70.83%
Annual Growth Rate 11.23%
5-Year Change -0.61%
10-Year Change 58.81%
Growth Volatility 18.79

M.C.S. Steel Public Company Limited - Net Assets Trend (2002–2024)

This chart illustrates how M.C.S. Steel 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 M.C.S. Steel Public Company Limited (2002–2024)

The table below shows the annual net assets of M.C.S. Steel Public Company Limited from 2002 to 2024.

Year Net Assets Change
2024-12-31 ฿3.76 Billion -0.09%
2023-12-31 ฿3.76 Billion -4.59%
2022-12-31 ฿3.94 Billion -14.71%
2021-12-31 ฿4.62 Billion +22.24%
2020-12-31 ฿3.78 Billion +23.80%
2019-12-31 ฿3.06 Billion +2.89%
2018-12-31 ฿2.97 Billion +16.41%
2017-12-31 ฿2.55 Billion -10.22%
2016-12-31 ฿2.84 Billion +20.03%
2015-12-31 ฿2.37 Billion +14.41%
2014-12-31 ฿2.07 Billion -16.23%
2013-12-31 ฿2.47 Billion -0.02%
2012-12-31 ฿2.47 Billion +5.62%
2011-12-31 ฿2.34 Billion +4.13%
2010-12-31 ฿2.25 Billion +17.09%
2009-12-31 ฿1.92 Billion +24.45%
2008-12-31 ฿1.54 Billion +15.15%
2007-12-31 ฿1.34 Billion +13.86%
2006-12-31 ฿1.18 Billion +12.94%
2005-12-31 ฿1.04 Billion +69.52%
2004-12-31 ฿614.09 Million +46.20%
2003-12-31 ฿420.04 Million +16.11%
2002-12-31 ฿361.76 Million --

Equity Component Analysis

This analysis shows how different components contribute to M.C.S. Steel 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 498289242400.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿4.98 Billion 137.62%
Common Stock ฿477.00 Million 13.17%
Other Comprehensive Income ฿50.00 Million 1.38%
Total Equity ฿3.62 Billion 100.00%

M.C.S. Steel Public Company Limited Competitors by Market Cap

The table below lists competitors of M.C.S. Steel Public Company Limited ranked by their market capitalization.

Company Market Cap
Liton Technology
TWO:6175
 		$112.14 Million
B. Riley Financial Inc
NASDAQ:RILY
 		$112.16 Million
Wheels India Limited
NSE:WHEELS
 		$112.23 Million
American Oncology Network Inc.
NASDAQ:AONC
 		$112.23 Million
ARMATA PHARMACEUT.
F:TG1N
 		$112.09 Million
Kongsberg Automotive ASA
PINK:KGAUF
 		$112.04 Million
Agenus Inc
NASDAQ:AGEN
 		$112.04 Million
CN YUH.ED.CORP. HD-00001
F:2YU
 		$112.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in M.C.S. Steel Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,627,580,323 to 3,620,653,444, a change of -6,926,879 (-0.2%).
  • Net income of 678,604,267 contributed positively to equity growth.
  • Dividend payments of 248,018,928 reduced retained earnings.
  • Other factors decreased equity by 437,512,218.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿678.60 Million +18.74%
Dividends Paid ฿248.02 Million -6.85%
Other Changes ฿-437.51 Million -12.08%
Total Change ฿- -0.19%

Book Value vs Market Value Analysis

This analysis compares M.C.S. Steel 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: 1.26x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 6.22x to 1.26x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 ฿1.54 ฿9.55 x
2005-12-31 ฿2.33 ฿9.55 x
2006-12-31 ฿2.35 ฿9.55 x
2007-12-31 ฿2.68 ฿9.55 x
2008-12-31 ฿3.08 ฿9.55 x
2009-12-31 ฿3.84 ฿9.55 x
2010-12-31 ฿4.49 ฿9.55 x
2011-12-31 ฿4.68 ฿9.55 x
2012-12-31 ฿4.76 ฿9.55 x
2013-12-31 ฿4.71 ฿9.55 x
2014-12-31 ฿3.85 ฿9.55 x
2015-12-31 ฿4.76 ฿9.55 x
2016-12-31 ฿6.01 ฿9.55 x
2017-12-31 ฿5.49 ฿9.55 x
2018-12-31 ฿6.38 ฿9.55 x
2019-12-31 ฿6.27 ฿9.55 x
2020-12-31 ฿7.72 ฿9.55 x
2021-12-31 ฿9.37 ฿9.55 x
2022-12-31 ฿8.45 ฿9.55 x
2023-12-31 ฿7.60 ฿9.55 x
2024-12-31 ฿7.59 ฿9.55 x

Capital Efficiency Dashboard

This dashboard shows how efficiently M.C.S. Steel 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): 18.74%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 12.10%
  • • Asset Turnover: 0.92x
  • • Equity Multiplier: 1.68x
  • Recent ROE (18.74%) is below the historical average (20.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 3.21% 1.57% 0.99x 2.07x ฿-24.56 Million
2003 13.88% 5.76% 1.07x 2.24x ฿16.28 Million
2004 21.20% 8.41% 1.20x 2.09x ฿68.76 Million
2005 27.07% 11.96% 1.08x 2.10x ฿177.71 Million
2006 29.14% 11.49% 1.42x 1.78x ฿225.06 Million
2007 24.57% 12.53% 1.09x 1.79x ฿195.07 Million
2008 22.93% 11.01% 1.06x 1.97x ฿199.37 Million
2009 30.04% 14.32% 1.17x 1.80x ฿384.42 Million
2010 36.10% 26.52% 0.83x 1.64x ฿586.35 Million
2011 20.36% 14.48% 0.93x 1.51x ฿242.40 Million
2012 6.93% 6.92% 0.65x 1.55x ฿-73.18 Million
2013 16.68% 16.98% 0.77x 1.27x ฿157.42 Million
2014 4.16% 9.00% 0.36x 1.28x ฿-120.90 Million
2015 26.08% 17.24% 0.95x 1.60x ฿381.16 Million
2016 43.16% 21.79% 1.47x 1.34x ฿944.45 Million
2017 19.63% 16.08% 0.83x 1.47x ฿244.88 Million
2018 14.31% 12.84% 0.81x 1.38x ฿125.55 Million
2019 20.36% 18.44% 0.65x 1.71x ฿309.68 Million
2020 25.89% 22.44% 0.71x 1.63x ฿585.61 Million
2021 31.69% 20.50% 1.11x 1.39x ฿969.04 Million
2022 3.17% 3.01% 0.59x 1.80x ฿-257.88 Million
2023 4.54% 2.85% 1.10x 1.45x ฿-198.15 Million
2024 18.74% 12.10% 0.92x 1.68x ฿316.54 Million

Industry Comparison

This section compares M.C.S. Steel Public Company Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $3,840,265,019
  • Average return on equity (ROE) among peers: 3.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
M.C.S. Steel Public Company Limited (MCS) ฿4.13 Billion 3.21% 0.41x $112.11 Million
2S Metal Public Company Limited (2S) $2.01 Billion 7.96% 0.08x $15.57 Million
Asia Metal Public Company Limited (AMC) $1.74 Billion -1.01% 1.31x $6.92 Million
Bangsaphan Barmill Public Company Limited (BSBM) $1.77 Billion -4.87% 0.15x $5.30 Million
Capital Engineering Network Public Company Limited (CEN) $2.12 Billion 6.05% 0.11x $5.35 Million
Chow Steel Industries Public Company Limited (CHOW) $1.35 Billion 2.41% 8.79x $8.20 Million
CSP Steel Center Public Company Limited (CSP) $776.65 Million 12.95% 2.02x $926.38K
G J Steel Public Company Limited (GJS) $11.94 Billion -0.06% 0.49x $33.84 Million
POSCO-Thainox Public Company Limited (INOX) $11.31 Billion 3.58% 0.35x $11.12 Million
Lohakit Metal Public Company Limited (LHK) $1.54 Billion 6.35% 0.44x $15.32 Million