M.C.S. Steel Public Company Limited (MCS) - Net Assets
Based on the latest financial reports, M.C.S. Steel Public Company Limited (MCS) has net assets worth ฿4.13 Billion THB (≈ $128.83 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 (฿5.84 Billion ≈ $181.89 Million USD) and total liabilities (฿1.70 Billion ≈ $53.06 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. Check M.C.S. Steel Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore M.C.S. Steel Public Company Limited (MCS) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see M.C.S. Steel Public Company Limited (MCS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.76 Billion ≈ $117.17 Million |
-0.09% |
| 2023-12-31 | ฿3.76 Billion ≈ $117.28 Million |
-4.59% |
| 2022-12-31 | ฿3.94 Billion ≈ $122.92 Million |
-14.71% |
| 2021-12-31 | ฿4.62 Billion ≈ $144.11 Million |
+22.24% |
| 2020-12-31 | ฿3.78 Billion ≈ $117.89 Million |
+23.80% |
| 2019-12-31 | ฿3.06 Billion ≈ $95.23 Million |
+2.89% |
| 2018-12-31 | ฿2.97 Billion ≈ $92.55 Million |
+16.41% |
| 2017-12-31 | ฿2.55 Billion ≈ $79.51 Million |
-10.22% |
| 2016-12-31 | ฿2.84 Billion ≈ $88.56 Million |
+20.03% |
| 2015-12-31 | ฿2.37 Billion ≈ $73.78 Million |
+14.41% |
| 2014-12-31 | ฿2.07 Billion ≈ $64.49 Million |
-16.23% |
| 2013-12-31 | ฿2.47 Billion ≈ $76.99 Million |
-0.02% |
| 2012-12-31 | ฿2.47 Billion ≈ $77.01 Million |
+5.62% |
| 2011-12-31 | ฿2.34 Billion ≈ $72.91 Million |
+4.13% |
| 2010-12-31 | ฿2.25 Billion ≈ $70.01 Million |
+17.09% |
| 2009-12-31 | ฿1.92 Billion ≈ $59.79 Million |
+24.45% |
| 2008-12-31 | ฿1.54 Billion ≈ $48.05 Million |
+15.15% |
| 2007-12-31 | ฿1.34 Billion ≈ $41.72 Million |
+13.86% |
| 2006-12-31 | ฿1.18 Billion ≈ $36.65 Million |
+12.94% |
| 2005-12-31 | ฿1.04 Billion ≈ $32.45 Million |
+69.52% |
| 2004-12-31 | ฿614.09 Million ≈ $19.14 Million |
+46.20% |
| 2003-12-31 | ฿420.04 Million ≈ $13.09 Million |
+16.11% |
| 2002-12-31 | ฿361.76 Million ≈ $11.28 Million |
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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 |
|---|---|
|
Lumi Gruppen AS
OL:LUMI
|
$120.51 Million |
|
Indo Kordsa Tbk
JK:BRAM
|
$120.52 Million |
|
KCTC Co. Ltd
KO:009070
|
$120.56 Million |
|
Pha Lai Thermal Power JSC
VN:PPC
|
$120.60 Million |
|
Kbi Metal Co. Ltd
KQ:024840
|
$120.41 Million |
|
Nano X Imaging Ltd
NASDAQ:NNOX
|
$120.39 Million |
|
SHANGHAI FUDAN H YC-,10
F:FDY
|
$120.04 Million |
|
Globe Union Industrial Corp
TW:9934
|
$120.04 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: 1.07x
- 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 5.28x to 1.07x 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 | ฿8.10 | x |
| 2005-12-31 | ฿2.33 | ฿8.10 | x |
| 2006-12-31 | ฿2.35 | ฿8.10 | x |
| 2007-12-31 | ฿2.68 | ฿8.10 | x |
| 2008-12-31 | ฿3.08 | ฿8.10 | x |
| 2009-12-31 | ฿3.84 | ฿8.10 | x |
| 2010-12-31 | ฿4.49 | ฿8.10 | x |
| 2011-12-31 | ฿4.68 | ฿8.10 | x |
| 2012-12-31 | ฿4.76 | ฿8.10 | x |
| 2013-12-31 | ฿4.71 | ฿8.10 | x |
| 2014-12-31 | ฿3.85 | ฿8.10 | x |
| 2015-12-31 | ฿4.76 | ฿8.10 | x |
| 2016-12-31 | ฿6.01 | ฿8.10 | x |
| 2017-12-31 | ฿5.49 | ฿8.10 | x |
| 2018-12-31 | ฿6.38 | ฿8.10 | x |
| 2019-12-31 | ฿6.27 | ฿8.10 | x |
| 2020-12-31 | ฿7.72 | ฿8.10 | x |
| 2021-12-31 | ฿9.37 | ฿8.10 | x |
| 2022-12-31 | ฿8.45 | ฿8.10 | x |
| 2023-12-31 | ฿7.60 | ฿8.10 | x |
| 2024-12-31 | ฿7.59 | ฿8.10 | 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: $3,410,646,021
- Average return on equity (ROE) among peers: 2.84%
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 | $120.43 Million |
| 2S Metal Public Company Limited (2S) | $575.58 Million | 12.41% | 0.78x | $46.29 Million |
| Asia Metal Public Company Limited (AMC) | $1.51 Billion | 5.63% | 1.31x | $35.61 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $2.07 Billion | 12.53% | 0.22x | $20.27 Million |
| Capital Engineering Network Public Company Limited (CEN) | $-1.32 Billion | 0.00% | 0.00x | $14.86 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $1.31 Billion | -8.41% | 5.17x | $33.91 Million |
| CSP Steel Center Public Company Limited (CSP) | $769.64 Million | -12.34% | 1.68x | $7.58 Million |
| G J Steel Public Company Limited (GJS) | $15.84 Billion | 20.07% | 0.05x | $103.27 Million |
| POSCO-Thainox Public Company Limited (INOX) | $9.29 Billion | 3.78% | 0.29x | $104.48 Million |
| Lohakit Metal Public Company Limited (LHK) | $652.47 Million | -8.11% | 0.84x | $40.11 Million |
About M.C.S. Steel Public Company Limited
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