Mitsib Leasing Public Company Limited
Mitsib Leasing Public Company Limited, together with its subsidiaries, provides hire purchase and factoring services in Thailand. It offers hire purchase loans for taxi, truck, minibus, bus, and commercial vehicles; and maintenance services for public transportation and retail loans to customers. In addition, the company offers insurance brokerage services for car, life, fire, accident, travel, a… Read more
Mitsib Leasing Public Company Limited (MITSIB) - Net Assets
Latest net assets as of September 2025: ฿1.22 Billion THB
Based on the latest financial reports, Mitsib Leasing Public Company Limited (MITSIB) has net assets worth ฿1.22 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 (฿2.16 Billion) and total liabilities (฿940.31 Million). 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 | ฿1.22 Billion |
| % of Total Assets | 56.53% |
| Annual Growth Rate | 29.7% |
| 5-Year Change | 59.34% |
| 10-Year Change | 389.1% |
| Growth Volatility | 60.38 |
Mitsib Leasing Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Mitsib Leasing 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 Mitsib Leasing Public Company Limited (2014–2024)
The table below shows the annual net assets of Mitsib Leasing Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.19 Billion | +54.57% |
| 2023-12-31 | ฿771.68 Million | +4.46% |
| 2022-12-31 | ฿738.71 Million | +1.40% |
| 2021-12-31 | ฿728.48 Million | -2.68% |
| 2020-12-31 | ฿748.57 Million | +2.62% |
| 2019-12-31 | ฿729.48 Million | +132.86% |
| 2018-12-31 | ฿313.28 Million | +22.13% |
| 2017-12-31 | ฿256.51 Million | -8.76% |
| 2016-12-31 | ฿281.14 Million | +15.28% |
| 2015-12-31 | ฿243.86 Million | +175.44% |
| 2014-12-31 | ฿88.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mitsib Leasing 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 69.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿48.34 Million | 4.05% |
| Other Components | ฿1.14 Billion | 95.95% |
| Total Equity | ฿1.19 Billion | 100.00% |
Mitsib Leasing Public Company Limited Competitors by Market Cap
The table below lists competitors of Mitsib Leasing Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alla Public Company Limited
BK:ALLA
|
$7.63 Million |
|
Aksara Global Development Tbk PT
JK:GAMA
|
$7.64 Million |
|
WSOL Public Company Limited
BK:WSOL
|
$7.64 Million |
|
NACON SASU
LSE:0A9N
|
$7.64 Million |
|
Boreo Oyj
HE:BOREO
|
$7.63 Million |
|
IGas Energy plc
PINK:IGESF
|
$7.63 Million |
|
Ssif Broker Cl
RO:BRK
|
$7.63 Million |
|
Desenio Group AB
ST:DSNO
|
$7.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mitsib Leasing Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 771,678,570 to 1,192,749,581, a change of 421,071,011 (54.6%).
- Net income of 11,985,208 contributed positively to equity growth.
- New share issuances of 409,322,764 increased equity.
- Other comprehensive income decreased equity by 21,097,398.
- Other factors increased equity by 20,860,437.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿11.99 Million | +1.0% |
| Share Issuances | ฿409.32 Million | +34.32% |
| Other Comprehensive Income | ฿-21.10 Million | -1.77% |
| Other Changes | ฿20.86 Million | +1.75% |
| Total Change | ฿- | 54.57% |
Book Value vs Market Value Analysis
This analysis compares Mitsib Leasing 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: 0.63x
- 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 decreased from 1.78x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.31 | ฿0.55 | x |
| 2016-12-31 | ฿0.36 | ฿0.55 | x |
| 2017-12-31 | ฿0.33 | ฿0.55 | x |
| 2018-12-31 | ฿0.40 | ฿0.55 | x |
| 2019-12-31 | ฿0.99 | ฿0.55 | x |
| 2020-12-31 | ฿0.97 | ฿0.55 | x |
| 2021-12-31 | ฿0.92 | ฿0.55 | x |
| 2022-12-31 | ฿0.89 | ฿0.55 | x |
| 2023-12-31 | ฿0.95 | ฿0.55 | x |
| 2024-12-31 | ฿0.87 | ฿0.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mitsib Leasing 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): 1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.58%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.75x
- Recent ROE (1.00%) is below the historical average (8.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 6.29% | 4.64% | 0.55x | 2.45x | ฿-9.06 Million |
| 2016 | 22.15% | 12.84% | 0.56x | 3.09x | ฿34.16 Million |
| 2017 | 15.35% | 9.03% | 0.45x | 3.75x | ฿13.72 Million |
| 2018 | 18.12% | 11.84% | 0.41x | 3.75x | ฿25.44 Million |
| 2019 | 9.05% | 14.76% | 0.33x | 1.84x | ฿-6.96 Million |
| 2020 | 3.44% | 5.68% | 0.31x | 1.97x | ฿-49.07 Million |
| 2021 | 1.78% | 2.57% | 0.32x | 2.16x | ฿-59.89 Million |
| 2022 | 2.91% | 5.19% | 0.26x | 2.15x | ฿-52.39 Million |
| 2023 | 4.54% | 5.55% | 0.33x | 2.45x | ฿-42.10 Million |
| 2024 | 1.00% | 1.58% | 0.36x | 1.75x | ฿-107.29 Million |
Industry Comparison
This section compares Mitsib Leasing Public Company Limited's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $1,508,027,825
- Average return on equity (ROE) among peers: 5.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mitsib Leasing Public Company Limited (MITSIB) | ฿1.22 Billion | 6.29% | 0.77x | $7.63 Million |
| Autocorp Holding Public Company Limited (ACG) | $653.10 Million | 8.11% | 1.40x | $2.77 Million |
| Union Auction Public Company Limited (AUCT) | $153.10 Million | 0.00% | 0.60x | $31.17 Million |
| Millennium Grp Corp (Asia) (MGC) | $3.72 Billion | 7.26% | 3.15x | $44.14 Million |