Modernform Group Public Company Limited
Modernform Group Public Company Limited, together with its subsidiaries, manufactures and distributes residential and office furniture in Thailand. It operates through four segments: Furniture Business, Furniture Fitting and Other Materials Business, Rental and Service Business, and Architectural Design and Construction Business. The company offers office, home, kitchen, and steel case furniture … Read more
Modernform Group Public Company Limited (MODERN) - Net Assets
Latest net assets as of September 2025: ฿2.07 Billion THB
Based on the latest financial reports, Modernform Group Public Company Limited (MODERN) has net assets worth ฿2.07 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 (฿3.08 Billion) and total liabilities (฿1.01 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 | ฿2.07 Billion |
| % of Total Assets | 67.09% |
| Annual Growth Rate | 0.52% |
| 5-Year Change | -7.17% |
| 10-Year Change | -16.51% |
| Growth Volatility | 5.04 |
Modernform Group Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Modernform Group 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 Modernform Group Public Company Limited (2000–2024)
The table below shows the annual net assets of Modernform Group Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.16 Billion | -6.38% |
| 2023-12-31 | ฿2.31 Billion | +0.96% |
| 2022-12-31 | ฿2.29 Billion | -1.61% |
| 2021-12-31 | ฿2.32 Billion | -0.18% |
| 2020-12-31 | ฿2.33 Billion | -0.18% |
| 2019-12-31 | ฿2.33 Billion | -2.47% |
| 2018-12-31 | ฿2.39 Billion | -6.58% |
| 2017-12-31 | ฿2.56 Billion | +4.63% |
| 2016-12-31 | ฿2.45 Billion | -5.48% |
| 2015-12-31 | ฿2.59 Billion | -5.01% |
| 2014-12-31 | ฿2.72 Billion | -3.65% |
| 2013-12-31 | ฿2.83 Billion | +10.53% |
| 2012-12-31 | ฿2.56 Billion | +9.45% |
| 2011-12-31 | ฿2.34 Billion | +0.85% |
| 2010-12-31 | ฿2.32 Billion | -9.42% |
| 2009-12-31 | ฿2.56 Billion | +1.72% |
| 2008-12-31 | ฿2.51 Billion | +2.33% |
| 2007-12-31 | ฿2.46 Billion | +8.54% |
| 2006-12-31 | ฿2.26 Billion | +5.31% |
| 2005-12-31 | ฿2.15 Billion | +2.11% |
| 2004-12-31 | ฿2.11 Billion | +2.48% |
| 2003-12-31 | ฿2.05 Billion | +0.63% |
| 2002-12-31 | ฿2.04 Billion | +2.40% |
| 2001-12-31 | ฿1.99 Billion | +4.42% |
| 2000-12-31 | ฿1.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Modernform Group 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 15.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿495.97 Million | 23.06% |
| Common Stock | ฿750.00 Million | 34.87% |
| Other Comprehensive Income | ฿305.27 Million | 14.19% |
| Other Components | ฿599.61 Million | 27.88% |
| Total Equity | ฿2.15 Billion | 100.00% |
Modernform Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Modernform Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Software Acquisition Group III Inc
NASDAQ:SWAG
|
$22.15 Million |
|
Sun Rise E&T Corporation
TWO:1343
|
$22.15 Million |
|
Pergamon Status Dis Ticaret AS
IS:PSDTC
|
$22.15 Million |
|
Dongwoo Farm To Table Co.Ltd
KQ:088910
|
$22.17 Million |
|
Summa Silver Corp
OTCQX:SSVRF
|
$22.15 Million |
|
Oriental Aromatics Limited
NSE:OAL
|
$22.14 Million |
|
Drb Holding
KO:004840
|
$22.14 Million |
|
Moulinvest
PA:ALMOU
|
$22.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Modernform Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,299,237,347 to 2,150,851,556, a change of -148,385,791 (-6.5%).
- Net income of 134,942,433 contributed positively to equity growth.
- Dividend payments of 67,461,408 reduced retained earnings.
- Other comprehensive income increased equity by 189,974,151.
- Other factors decreased equity by 405,840,967.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿134.94 Million | +6.27% |
| Dividends Paid | ฿67.46 Million | -3.14% |
| Other Comprehensive Income | ฿189.97 Million | +8.83% |
| Other Changes | ฿-405.84 Million | -18.87% |
| Total Change | ฿- | -6.45% |
Book Value vs Market Value Analysis
This analysis compares Modernform Group 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: 0.70x
- 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 0.81x to 0.70x 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 | ฿2.56 | ฿2.08 | x |
| 2005-12-31 | ฿2.70 | ฿2.08 | x |
| 2006-12-31 | ฿2.83 | ฿2.08 | x |
| 2007-12-31 | ฿3.03 | ฿2.08 | x |
| 2008-12-31 | ฿3.01 | ฿2.08 | x |
| 2009-12-31 | ฿3.18 | ฿2.08 | x |
| 2010-12-31 | ฿3.02 | ฿2.08 | x |
| 2011-12-31 | ฿3.21 | ฿2.08 | x |
| 2012-12-31 | ฿3.50 | ฿2.08 | x |
| 2013-12-31 | ฿3.75 | ฿2.08 | x |
| 2014-12-31 | ฿3.58 | ฿2.08 | x |
| 2015-12-31 | ฿3.39 | ฿2.08 | x |
| 2016-12-31 | ฿3.24 | ฿2.08 | x |
| 2017-12-31 | ฿3.38 | ฿2.08 | x |
| 2018-12-31 | ฿3.16 | ฿2.08 | x |
| 2019-12-31 | ฿3.09 | ฿2.08 | x |
| 2020-12-31 | ฿3.09 | ฿2.08 | x |
| 2021-12-31 | ฿3.09 | ฿2.08 | x |
| 2022-12-31 | ฿3.04 | ฿2.08 | x |
| 2023-12-31 | ฿3.07 | ฿2.08 | x |
| 2024-12-31 | ฿2.97 | ฿2.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Modernform Group 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): 6.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.44%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.47x
- Recent ROE (6.27%) is below the historical average (11.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.13% | 6.56% | 0.68x | 1.38x | ฿-71.40 Million |
| 2001 | 8.23% | 8.89% | 0.72x | 1.28x | ฿-34.01 Million |
| 2002 | 4.89% | 5.38% | 0.72x | 1.26x | ฿-100.79 Million |
| 2003 | 10.25% | 9.41% | 0.81x | 1.34x | ฿4.90 Million |
| 2004 | 13.67% | 9.57% | 0.99x | 1.44x | ฿75.09 Million |
| 2005 | 15.03% | 10.21% | 1.09x | 1.34x | ฿107.87 Million |
| 2006 | 15.12% | 12.58% | 0.92x | 1.31x | ฿115.74 Million |
| 2007 | 12.36% | 11.56% | 0.86x | 1.24x | ฿58.03 Million |
| 2008 | 15.30% | 13.94% | 0.90x | 1.22x | ฿132.95 Million |
| 2009 | 11.77% | 12.50% | 0.76x | 1.25x | ฿45.03 Million |
| 2010 | 18.56% | 14.31% | 0.99x | 1.31x | ฿197.07 Million |
| 2011 | 16.15% | 13.57% | 0.87x | 1.37x | ฿142.29 Million |
| 2012 | 16.25% | 13.92% | 0.82x | 1.42x | ฿157.74 Million |
| 2013 | 15.08% | 12.03% | 0.83x | 1.52x | ฿141.62 Million |
| 2014 | 29.23% | 20.95% | 0.88x | 1.58x | ฿516.29 Million |
| 2015 | 26.07% | 17.42% | 0.93x | 1.61x | ฿408.31 Million |
| 2016 | 7.11% | 5.33% | 0.89x | 1.50x | ฿-70.20 Million |
| 2017 | 8.50% | 7.00% | 0.79x | 1.54x | ฿-37.98 Million |
| 2018 | 5.78% | 4.16% | 0.87x | 1.60x | ฿-100.07 Million |
| 2019 | 5.42% | 4.04% | 0.86x | 1.56x | ฿-106.21 Million |
| 2020 | 6.11% | 4.84% | 0.87x | 1.44x | ฿-90.01 Million |
| 2021 | 3.80% | 3.71% | 0.70x | 1.48x | ฿-143.45 Million |
| 2022 | 1.71% | 1.63% | 0.71x | 1.47x | ฿-188.70 Million |
| 2023 | 2.61% | 2.38% | 0.77x | 1.42x | ฿-169.89 Million |
| 2024 | 6.27% | 5.44% | 0.79x | 1.47x | ฿-80.14 Million |
Industry Comparison
This section compares Modernform Group Public Company Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $1,764,134,444
- Average return on equity (ROE) among peers: 14.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Modernform Group Public Company Limited (MODERN) | ฿2.07 Billion | 6.13% | 0.49x | $22.15 Million |
| Chic Republic PCL (CHIC) | $606.70 Million | 5.63% | 2.08x | $2.31 Million |
| East Coast Furnitech Public Company Limited (ECF) | $1.45 Billion | 2.33% | 1.35x | $679.02K |
| EURO CREATIONS PUBLIC COMPANY LIMITED (EURO) | $220.97 Million | 48.04% | 4.63x | $9.44 Million |
| Fancy Wood Industries Public Company Limited (FANCY) | $1.52 Billion | 16.74% | 0.09x | $2.87 Million |
| Home Pottery Public Company Limited (HPT) | $318.50 Million | 7.42% | 0.18x | $4.01 Million |
| Index Living Mall Public Company Limited (ILM) | $4.65 Billion | 10.63% | 1.65x | $37.42 Million |
| Itthirit Nice Corp. PCL (ITTHI) | $346.24 Million | 6.70% | 0.45x | $3.13 Million |
| Masterkool International Public Company Limited (KOOL) | $389.26 Million | 22.35% | 0.46x | $11.64 Million |
| Kang Yong Electric Public Company Limited (KYE) | $6.38 Billion | 11.28% | 0.28x | $44.05 Million |