MFEC PCL (MFEC) - Net Assets
Based on the latest financial reports, MFEC PCL (MFEC) has net assets worth ฿2.57 Billion THB (≈ $80.02 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 (฿6.15 Billion ≈ $191.68 Million USD) and total liabilities (฿3.58 Billion ≈ $111.66 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 MFEC PCL liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.57 Billion |
| % of Total Assets | 41.75% |
| Annual Growth Rate | 9.17% |
| 5-Year Change | 35.81% |
| 10-Year Change | 37.0% |
| Growth Volatility | 21.87 |
MFEC PCL - Net Assets Trend (2003–2024)
This chart illustrates how MFEC PCL's net assets have evolved over time, based on quarterly financial data. Also explore total assets of MFEC PCL for the complete picture of this company's asset base.
Annual Net Assets for MFEC PCL (2003–2024)
The table below shows the annual net assets of MFEC PCL from 2003 to 2024. For live valuation and market cap data, see market value of MFEC PCL.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.62 Billion ≈ $81.80 Million |
+2.63% |
| 2023-12-31 | ฿2.56 Billion ≈ $79.71 Million |
+24.27% |
| 2022-12-31 | ฿2.06 Billion ≈ $64.14 Million |
+2.19% |
| 2021-12-31 | ฿2.01 Billion ≈ $62.77 Million |
+4.20% |
| 2020-12-31 | ฿1.93 Billion ≈ $60.24 Million |
+4.06% |
| 2019-12-31 | ฿1.86 Billion ≈ $57.89 Million |
+7.24% |
| 2018-12-31 | ฿1.73 Billion ≈ $53.98 Million |
-12.85% |
| 2017-12-31 | ฿1.99 Billion ≈ $61.94 Million |
+0.18% |
| 2016-12-31 | ฿1.98 Billion ≈ $61.83 Million |
+3.55% |
| 2015-12-31 | ฿1.92 Billion ≈ $59.71 Million |
-0.95% |
| 2014-12-31 | ฿1.93 Billion ≈ $60.28 Million |
+5.13% |
| 2013-12-31 | ฿1.84 Billion ≈ $57.34 Million |
+6.38% |
| 2012-12-31 | ฿1.73 Billion ≈ $53.90 Million |
+2.44% |
| 2011-12-31 | ฿1.69 Billion ≈ $52.61 Million |
+102.43% |
| 2010-12-31 | ฿833.83 Million ≈ $25.99 Million |
+12.30% |
| 2009-12-31 | ฿742.52 Million ≈ $23.14 Million |
+2.94% |
| 2008-12-31 | ฿721.34 Million ≈ $22.48 Million |
+13.55% |
| 2007-12-31 | ฿635.26 Million ≈ $19.80 Million |
+7.74% |
| 2006-12-31 | ฿589.61 Million ≈ $18.38 Million |
+3.49% |
| 2005-12-31 | ฿569.76 Million ≈ $17.76 Million |
+14.00% |
| 2004-12-31 | ฿499.78 Million ≈ $15.58 Million |
+20.32% |
| 2003-12-31 | ฿415.39 Million ≈ $12.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MFEC PCL'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 1594.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.14 Billion | 43.64% |
| Common Stock | ฿441.45 Million | 16.95% |
| Other Comprehensive Income | ฿44.15 Million | 1.70% |
| Other Components | ฿982.27 Million | 37.71% |
| Total Equity | ฿2.60 Billion | 100.00% |
MFEC PCL Competitors by Market Cap
The table below lists competitors of MFEC PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Roo Hsing Co Ltd
TW:4414
|
$83.94 Million |
|
Nova Minerals Limited
NYSE MKT:NVA
|
$83.98 Million |
|
Atrium Real Estate Investment Trust
KLSE:5130
|
$84.01 Million |
|
Immutep Ltd ADR
NASDAQ:IMMP
|
$84.03 Million |
|
TUL Corporation
TWO:6150
|
$83.93 Million |
|
Huneed Tech
KO:005870
|
$83.92 Million |
|
Investeringsselskabet Luxor A/S
CO:LUXOR-B
|
$83.90 Million |
|
Zevia Pbc
NYSE:ZVIA
|
$83.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFEC PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,535,130,514 to 2,604,688,501, a change of 69,557,987 (2.7%).
- Net income of 272,250,393 contributed positively to equity growth.
- Dividend payments of 176,573,342 reduced retained earnings.
- Other factors decreased equity by 26,119,064.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿272.25 Million | +10.45% |
| Dividends Paid | ฿176.57 Million | -6.78% |
| Other Changes | ฿-26.12 Million | -1.0% |
| Total Change | ฿- | 2.74% |
Book Value vs Market Value Analysis
This analysis compares MFEC PCL'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: 1.01x
- 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 2.52x to 1.01x 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 | ฿2.42 | ฿6.10 | x |
| 2005-12-31 | ฿2.64 | ฿6.10 | x |
| 2006-12-31 | ฿2.68 | ฿6.10 | x |
| 2007-12-31 | ฿2.84 | ฿6.10 | x |
| 2008-12-31 | ฿2.87 | ฿6.10 | x |
| 2009-12-31 | ฿2.91 | ฿6.10 | x |
| 2010-12-31 | ฿3.17 | ฿6.10 | x |
| 2011-12-31 | ฿4.47 | ฿6.10 | x |
| 2012-12-31 | ฿3.91 | ฿6.10 | x |
| 2013-12-31 | ฿4.15 | ฿6.10 | x |
| 2014-12-31 | ฿4.35 | ฿6.10 | x |
| 2015-12-31 | ฿4.29 | ฿6.10 | x |
| 2016-12-31 | ฿4.48 | ฿6.10 | x |
| 2017-12-31 | ฿4.47 | ฿6.10 | x |
| 2018-12-31 | ฿3.87 | ฿6.10 | x |
| 2019-12-31 | ฿4.15 | ฿6.10 | x |
| 2020-12-31 | ฿4.31 | ฿6.10 | x |
| 2021-12-31 | ฿4.50 | ฿6.10 | x |
| 2022-12-31 | ฿4.60 | ฿6.10 | x |
| 2023-12-31 | ฿5.74 | ฿6.10 | x |
| 2024-12-31 | ฿6.04 | ฿6.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFEC PCL 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): 10.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.04%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.66x
- Recent ROE (10.45%) is below the historical average (13.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.92% | 9.59% | 1.18x | 1.49x | ฿28.73 Million |
| 2004 | 27.84% | 9.42% | 1.39x | 2.13x | ฿86.24 Million |
| 2005 | 13.86% | 5.06% | 1.58x | 1.73x | ฿21.39 Million |
| 2006 | 17.18% | 4.18% | 1.85x | 2.22x | ฿41.80 Million |
| 2007 | 20.10% | 5.31% | 1.63x | 2.33x | ฿63.98 Million |
| 2008 | 18.89% | 5.49% | 1.40x | 2.45x | ฿63.83 Million |
| 2009 | 13.97% | 3.79% | 1.34x | 2.74x | ฿29.23 Million |
| 2010 | 8.23% | 2.62% | 1.22x | 2.57x | ฿-14.62 Million |
| 2011 | 12.05% | 4.86% | 1.07x | 2.31x | ฿34.36 Million |
| 2012 | 10.60% | 5.00% | 0.99x | 2.15x | ฿10.27 Million |
| 2013 | 12.70% | 4.91% | 1.50x | 1.73x | ฿49.33 Million |
| 2014 | 14.09% | 5.27% | 1.45x | 1.85x | ฿78.56 Million |
| 2015 | 10.37% | 5.90% | 1.06x | 1.66x | ฿6.96 Million |
| 2016 | 11.22% | 6.89% | 0.97x | 1.68x | ฿24.05 Million |
| 2017 | 7.80% | 5.20% | 0.88x | 1.71x | ฿-43.54 Million |
| 2018 | -9.73% | -4.98% | 1.00x | 1.95x | ฿-336.96 Million |
| 2019 | 12.30% | 6.11% | 1.00x | 2.00x | ฿42.19 Million |
| 2020 | 12.84% | 5.24% | 0.91x | 2.69x | ฿54.15 Million |
| 2021 | 12.92% | 4.97% | 0.91x | 2.84x | ฿58.15 Million |
| 2022 | 11.57% | 4.33% | 0.86x | 3.09x | ฿31.97 Million |
| 2023 | 26.86% | 10.14% | 0.91x | 2.91x | ฿427.54 Million |
| 2024 | 10.45% | 4.04% | 0.97x | 2.66x | ฿11.78 Million |
Industry Comparison
This section compares MFEC PCL's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,766,325,200
- Average return on equity (ROE) among peers: 11.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MFEC PCL (MFEC) | ฿2.57 Billion | 16.92% | 1.40x | $83.93 Million |
| Advanced Information Technology Public Company Limited (AIT) | $2.44 Billion | 23.30% | 0.90x | $226.03 Million |
| DITTO (THAILAND) (DITTO-R) | $1.03 Billion | 19.43% | 0.30x | $315.78 Million |
| Internet Thailand Public Company Limited (INET) | $1.90 Billion | 19.77% | 1.22x | $66.96 Million |
| International Research Corporation Public Company Limited (IRCP) | $608.71 Million | 3.30% | 0.83x | $5.05 Million |
| Premier Technology Public Company Limited (PT) | $-487.80 Million | 0.00% | 0.00x | $99.10 Million |
| Master Ad Public Company Limited (ROCTEC) | $492.91 Million | 13.59% | 0.38x | $141.70 Million |
| Samart Corporation Public Company Limited (SAMART) | $5.61 Billion | 11.20% | 1.41x | $163.13 Million |
| Sky ICT Public Company Limited (SKY) | $2.54 Billion | 2.17% | 2.00x | $266.05 Million |
About MFEC PCL
MFEC Public Company Limited, together with its subsidiaries, provides systems integration, maintenance, IT professional, and cloud computing services in Thailand. It offers DataWise solution, which includes modernized and intelligent data platform, advanced analytics, artificial intelligence, and database health-check package; enterprise agility solution that comprises digital process automation,… Read more