Millcon Steel Public Company Limited
Millcon Steel Public Company Limited, together with its subsidiaries, manufactures and trades in steel products in Thailand and internationally. The company offers steel pipes and steel wire, as well as C-iron and galvanized steel products; and round and deformed bars. It also manufactures and distributes billets; produces and sells scraps; manufactures and trades in steel bar; trades in building… Read more
Millcon Steel Public Company Limited (MILL) - Net Assets
Latest net assets as of September 2025: ฿389.52 Million THB
Based on the latest financial reports, Millcon Steel Public Company Limited (MILL) has net assets worth ฿389.52 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 (฿15.77 Billion) and total liabilities (฿15.38 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 | ฿389.52 Million |
| % of Total Assets | 2.47% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | -85.45% |
| 10-Year Change | -85.13% |
| Growth Volatility | 62.74 |
Millcon Steel Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how Millcon 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 Millcon Steel Public Company Limited (2006–2024)
The table below shows the annual net assets of Millcon Steel Public Company Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿871.28 Million | -87.22% |
| 2023-12-31 | ฿6.82 Billion | -3.21% |
| 2022-12-31 | ฿7.05 Billion | +11.10% |
| 2021-12-31 | ฿6.34 Billion | +5.89% |
| 2020-12-31 | ฿5.99 Billion | +4.30% |
| 2019-12-31 | ฿5.74 Billion | +8.01% |
| 2018-12-31 | ฿5.32 Billion | -10.29% |
| 2017-12-31 | ฿5.93 Billion | +1.78% |
| 2016-12-31 | ฿5.82 Billion | -0.63% |
| 2015-12-31 | ฿5.86 Billion | +30.33% |
| 2014-12-31 | ฿4.50 Billion | +28.01% |
| 2013-12-31 | ฿3.51 Billion | +5.29% |
| 2012-12-31 | ฿3.34 Billion | +3.80% |
| 2011-12-31 | ฿3.21 Billion | -6.79% |
| 2010-12-31 | ฿3.45 Billion | +44.14% |
| 2009-12-31 | ฿2.39 Billion | +8.55% |
| 2008-12-31 | ฿2.20 Billion | +219.28% |
| 2007-12-31 | ฿690.23 Million | +141.55% |
| 2006-12-31 | ฿285.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millcon 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 decreased by 124814.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿2.99 Billion | 562.60% |
| Other Comprehensive Income | ฿871.56 Million | 164.07% |
| Other Components | ฿3.84 Billion | 723.25% |
| Total Equity | ฿531.22 Million | 100.00% |
Millcon Steel Public Company Limited Competitors by Market Cap
The table below lists competitors of Millcon Steel Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empro Group Inc. Ordinary shares
NASDAQ:EMPG
|
$9.16 Million |
|
Protasco Bhd
KLSE:5070
|
$9.16 Million |
|
Star Money Public Company Limited
BK:STARM
|
$9.16 Million |
|
Prodigy Public Company Limited
BK:PDG
|
$9.16 Million |
|
Green Hydrogen Systems AS
CO:GREENH
|
$9.16 Million |
|
Neto Malinda
TA:NTML
|
$9.16 Million |
|
ReWalk Robotics Ltd
NASDAQ:LFWD
|
$9.15 Million |
|
Lighthouse Capital Ltd
JSE:LTE
|
$9.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millcon Steel Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,396,895,950 to 531,222,460, a change of -5,865,673,490 (-91.7%).
- Net loss of 6,027,430,036 reduced equity.
- Dividend payments of 210 reduced retained earnings.
- Other comprehensive income increased equity by 770,945,468.
- Other factors decreased equity by 609,188,712.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-6.03 Billion | -1134.63% |
| Dividends Paid | ฿210.00 | -0.0% |
| Other Comprehensive Income | ฿770.95 Million | +145.13% |
| Other Changes | ฿-609.19 Million | -114.68% |
| Total Change | ฿- | -91.70% |
Book Value vs Market Value Analysis
This analysis compares Millcon 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: 0.72x
- 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.
- The price-to-book ratio has increased from 0.30x to 0.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.20 | ฿0.06 | x |
| 2007-12-31 | ฿0.43 | ฿0.06 | x |
| 2008-12-31 | ฿0.78 | ฿0.06 | x |
| 2009-12-31 | ฿0.72 | ฿0.06 | x |
| 2010-12-31 | ฿1.13 | ฿0.06 | x |
| 2011-12-31 | ฿0.99 | ฿0.06 | x |
| 2012-12-31 | ฿0.90 | ฿0.06 | x |
| 2013-12-31 | ฿0.62 | ฿0.06 | x |
| 2014-12-31 | ฿1.57 | ฿0.06 | x |
| 2015-12-31 | ฿1.46 | ฿0.06 | x |
| 2016-12-31 | ฿1.22 | ฿0.06 | x |
| 2017-12-31 | ฿1.17 | ฿0.06 | x |
| 2018-12-31 | ฿1.06 | ฿0.06 | x |
| 2019-12-31 | ฿1.15 | ฿0.06 | x |
| 2020-12-31 | ฿1.12 | ฿0.06 | x |
| 2021-12-31 | ฿1.22 | ฿0.06 | x |
| 2022-12-31 | ฿1.31 | ฿0.06 | x |
| 2023-12-31 | ฿1.12 | ฿0.06 | x |
| 2024-12-31 | ฿0.08 | ฿0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millcon 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): -1134.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -184.05%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 29.17x
- Recent ROE (-1134.63%) is below the historical average (-57.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 23.16% | 2.49% | 2.11x | 4.42x | ฿37.61 Million |
| 2007 | 15.29% | 3.26% | 1.60x | 2.92x | ฿36.54 Million |
| 2008 | 15.77% | 3.56% | 1.51x | 2.93x | ฿122.53 Million |
| 2009 | 9.14% | 1.98% | 1.52x | 3.04x | ฿-19.00 Million |
| 2010 | 3.39% | 1.18% | 1.09x | 2.65x | ฿-225.42 Million |
| 2011 | 3.51% | 0.74% | 1.24x | 3.83x | ฿-206.61 Million |
| 2012 | 2.72% | 0.55% | 1.18x | 4.22x | ฿-240.53 Million |
| 2013 | -3.28% | -0.83% | 1.00x | 3.98x | ฿-462.06 Million |
| 2014 | -22.36% | -9.63% | 0.63x | 3.69x | ฿-1.45 Billion |
| 2015 | 12.92% | 6.11% | 0.64x | 3.31x | ฿170.35 Million |
| 2016 | 6.83% | 2.06% | 1.08x | 3.08x | ฿-183.39 Million |
| 2017 | 2.49% | 0.74% | 1.13x | 2.99x | ฿-442.80 Million |
| 2018 | -7.38% | -1.95% | 0.86x | 4.39x | ฿-934.39 Million |
| 2019 | -0.21% | -0.07% | 0.78x | 3.82x | ฿-590.88 Million |
| 2020 | -5.47% | -2.84% | 0.59x | 3.24x | ฿-920.99 Million |
| 2021 | 5.97% | 2.42% | 0.81x | 3.06x | ฿-254.06 Million |
| 2022 | 2.30% | 0.88% | 0.87x | 2.98x | ฿-530.66 Million |
| 2023 | -14.71% | -4.96% | 0.91x | 3.28x | ฿-1.58 Billion |
| 2024 | -1134.63% | -184.05% | 0.21x | 29.17x | ฿-6.08 Billion |
Industry Comparison
This section compares Millcon Steel Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,659,793,554
- Average return on equity (ROE) among peers: 2.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millcon Steel Public Company Limited (MILL) | ฿389.52 Million | 23.16% | 39.48x | $9.16 Million |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $664.19 Million | 10.03% | 1.87x | $950.75K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $10.76 Billion | -5.72% | 0.42x | $11.41 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |