Modernform Group Public Company Limited (MODERN) - Net Assets

Latest as of September 2025: ฿2.07 Billion THB ≈ $64.40 Million USD

Based on the latest financial reports, Modernform Group Public Company Limited (MODERN) has net assets worth ฿2.07 Billion THB (≈ $64.40 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 (฿3.08 Billion ≈ $95.99 Million USD) and total liabilities (฿1.01 Billion ≈ $31.59 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 MODERN cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Modernform Group Public Company Limited assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Modernform Group Public Company Limited market cap and net worth.

Year	Net Assets	Change
2024-12-31	฿2.16 Billion ≈ $67.33 Million	-6.38%
2023-12-31	฿2.31 Billion ≈ $71.92 Million	+0.96%
2022-12-31	฿2.29 Billion ≈ $71.24 Million	-1.61%
2021-12-31	฿2.32 Billion ≈ $72.40 Million	-0.18%
2020-12-31	฿2.33 Billion ≈ $72.53 Million	-0.18%
2019-12-31	฿2.33 Billion ≈ $72.66 Million	-2.47%
2018-12-31	฿2.39 Billion ≈ $74.50 Million	-6.58%
2017-12-31	฿2.56 Billion ≈ $79.75 Million	+4.63%
2016-12-31	฿2.45 Billion ≈ $76.22 Million	-5.48%
2015-12-31	฿2.59 Billion ≈ $80.64 Million	-5.01%
2014-12-31	฿2.72 Billion ≈ $84.90 Million	-3.65%
2013-12-31	฿2.83 Billion ≈ $88.11 Million	+10.53%
2012-12-31	฿2.56 Billion ≈ $79.72 Million	+9.45%
2011-12-31	฿2.34 Billion ≈ $72.84 Million	+0.85%
2010-12-31	฿2.32 Billion ≈ $72.22 Million	-9.42%
2009-12-31	฿2.56 Billion ≈ $79.73 Million	+1.72%
2008-12-31	฿2.51 Billion ≈ $78.38 Million	+2.33%
2007-12-31	฿2.46 Billion ≈ $76.60 Million	+8.54%
2006-12-31	฿2.26 Billion ≈ $70.57 Million	+5.31%
2005-12-31	฿2.15 Billion ≈ $67.01 Million	+2.11%
2004-12-31	฿2.11 Billion ≈ $65.63 Million	+2.48%
2003-12-31	฿2.05 Billion ≈ $64.04 Million	+0.63%
2002-12-31	฿2.04 Billion ≈ $63.64 Million	+2.40%
2001-12-31	฿1.99 Billion ≈ $62.15 Million	+4.42%
2000-12-31	฿1.91 Billion ≈ $59.52 Million	--

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
BrilliA Inc NYSE MKT:BRIA	$42.50 Million
NTT System SA WAR:NTT	$42.51 Million
Kedawung Setia Industrial Tbk JK:KDSI	$42.53 Million
ROK Resources Inc V:ROK	$42.53 Million
Euro Yatirim Holding AS IS:EUHOL	$42.50 Million
Malton Bhd KLSE:6181	$42.49 Million
Ludan Engineering Co. Ltd TA:LUDN	$42.48 Million
LSI Software S.A. WAR:LSI	$42.47 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: 0.68x
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 0.79x to 0.68x 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	฿2.02	x
2005-12-31	฿2.70	฿2.02	x
2006-12-31	฿2.83	฿2.02	x
2007-12-31	฿3.03	฿2.02	x
2008-12-31	฿3.01	฿2.02	x
2009-12-31	฿3.18	฿2.02	x
2010-12-31	฿3.02	฿2.02	x
2011-12-31	฿3.21	฿2.02	x
2012-12-31	฿3.50	฿2.02	x
2013-12-31	฿3.75	฿2.02	x
2014-12-31	฿3.58	฿2.02	x
2015-12-31	฿3.39	฿2.02	x
2016-12-31	฿3.24	฿2.02	x
2017-12-31	฿3.38	฿2.02	x
2018-12-31	฿3.16	฿2.02	x
2019-12-31	฿3.09	฿2.02	x
2020-12-31	฿3.09	฿2.02	x
2021-12-31	฿3.09	฿2.02	x
2022-12-31	฿3.04	฿2.02	x
2023-12-31	฿3.07	฿2.02	x
2024-12-31	฿2.97	฿2.02	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: $1,289,459,924
Average return on equity (ROE) among peers: 7.22%

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	$42.50 Million
Bangkok Dec-Con Public Company Limited (BKD)	$1.44 Billion	6.44%	0.30x	$35.89 Million
East Coast Furnitech Public Company Limited (ECF)	$207.55 Million	17.17%	3.75x	$2.00 Million
Fancy Wood Industries Public Company Limited (FANCY)	$1.26 Billion	-5.44%	0.01x	$5.18 Million
Home Pottery Public Company Limited (HPT)	$249.51 Million	7.61%	0.12x	$6.81 Million
Masterkool International Public Company Limited (KOOL)	$402.13 Million	-5.31%	0.57x	$21.06 Million
Kang Yong Electric Public Company Limited (KYE)	$3.27 Billion	28.58%	0.45x	$188.85 Million
Ocean Glass Public Company Limited (OGC)	$1.88 Billion	3.50%	0.62x	$5.92 Million
Rockworth Public Company Limited (ROCK)	$113.99 Million	0.00%	4.44x	$7.11 Million
Siam Steel International Public Company Limited (SIAM)	$2.78 Billion	12.44%	0.32x	$14.05 Million

About Modernform Group Public Company Limited

BK:MODERN Thailand Furnishings, Fixtures & Appliances

Market Cap

$42.50 Million

฿1.36 Billion THB

Market Cap Rank

#22500 Global

#390 in Thailand

Share Price

฿2.02

Change (1 day)

+0.00%

52-Week Range

฿1.99 - ฿2.42

All Time High

฿5.64