Metro Systems Corporation Public Company Limited

BK:MSC Thailand Electronics & Computer Distribution
Market Cap
$73.71 Million
฿2.56 Billion THB
Market Cap Rank
#28125 Global
#503 in Thailand
Share Price
฿7.10
Change (1 day)
+2.16%
52-Week Range
฿6.95 - ฿8.10
All Time High
฿12.12
Categories
Companies in Thailand Electronics & Computer Distribution
About

Metro Systems Corporation Public Company Limited, together with its subsidiaries, engages in trading computer and equipment, software, supplies, and office equipment, as well as the provision of related services in Thailand. It operates through four segments: Sales Computer and Equipment, Sales and Installation Software, Sales Supplies and Office Equipment, and Rental and Other Services. The comp… Read more

Metro Systems Corporation Public Company Limited (MSC) - Net Assets

Latest net assets as of September 2025: ฿2.25 Billion THB

Based on the latest financial reports, Metro Systems Corporation Public Company Limited (MSC) has net assets worth ฿2.25 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 (฿4.16 Billion) and total liabilities (฿1.91 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 ฿2.25 Billion
% of Total Assets 54.14%
Annual Growth Rate 6.94%
5-Year Change 20.66%
10-Year Change 45.38%
Growth Volatility 6.75

Metro Systems Corporation Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Metro Systems Corporation 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 Metro Systems Corporation Public Company Limited (2000–2024)

The table below shows the annual net assets of Metro Systems Corporation Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿2.28 Billion +2.89%
2023-12-31 ฿2.22 Billion +6.80%
2022-12-31 ฿2.08 Billion +4.94%
2021-12-31 ฿1.98 Billion +4.63%
2020-12-31 ฿1.89 Billion -0.18%
2019-12-31 ฿1.89 Billion +1.67%
2018-12-31 ฿1.86 Billion +7.10%
2017-12-31 ฿1.74 Billion +6.78%
2016-12-31 ฿1.63 Billion +3.81%
2015-12-31 ฿1.57 Billion +6.90%
2014-12-31 ฿1.47 Billion +4.42%
2013-12-31 ฿1.41 Billion +6.80%
2012-12-31 ฿1.32 Billion +11.05%
2011-12-31 ฿1.18 Billion -3.11%
2010-12-31 ฿1.22 Billion +7.81%
2009-12-31 ฿1.13 Billion -0.21%
2008-12-31 ฿1.14 Billion +4.66%
2007-12-31 ฿1.09 Billion +3.83%
2006-12-31 ฿1.05 Billion +9.04%
2005-12-31 ฿959.36 Million +20.33%
2004-12-31 ฿797.25 Million +8.32%
2003-12-31 ฿735.99 Million +18.06%
2002-12-31 ฿623.40 Million +28.88%
2001-12-31 ฿483.72 Million +6.20%
2000-12-31 ฿455.46 Million --

Equity Component Analysis

This analysis shows how different components contribute to Metro Systems Corporation 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 7310.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿1.68 Billion 73.71%
Common Stock ฿360.00 Million 15.79%
Other Comprehensive Income ฿47.90 Million 2.10%
Other Components ฿191.37 Million 8.39%
Total Equity ฿2.28 Billion 100.00%

Metro Systems Corporation Public Company Limited Competitors by Market Cap

The table below lists competitors of Metro Systems Corporation Public Company Limited ranked by their market capitalization.

Company Market Cap
GéoMégA Resources Inc
OTCQB:GOMRF
 		$10.97 Million
M K Land Holdings Bhd
KLSE:8893
 		$10.98 Million
Vince Holding Corp. Common Stock
NASDAQ:VNCE
 		$10.98 Million
Apexindo Pratama Duta Tbk
JK:APEX
 		$10.98 Million
Banimmo S.A.
LSE:0NG8
 		$10.97 Million
Nupur Recyclers Limited
NSE:NRL
 		$10.96 Million
BEYOND MED TEC. INC. NEW
F:7FM
 		$10.96 Million
Revium Recovery Inc
PINK:RVRC
 		$10.96 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Metro Systems Corporation Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,213,236,361 to 2,279,726,233, a change of 66,489,872 (3.0%).
  • Net income of 255,876,306 contributed positively to equity growth.
  • Dividend payments of 190,226,828 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿255.88 Million +11.22%
Dividends Paid ฿190.23 Million -8.34%
Other Changes ฿840.39K +0.04%
Total Change ฿- 3.00%

Book Value vs Market Value Analysis

This analysis compares Metro Systems Corporation 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: 1.12x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.27x to 1.12x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 ฿26.27 ฿7.10 x
2002-12-31 ฿27.04 ฿7.10 x
2003-12-31 ฿2.50 ฿7.10 x
2004-12-31 ฿2.22 ฿7.10 x
2005-12-31 ฿2.60 ฿7.10 x
2006-12-31 ฿2.90 ฿7.10 x
2007-12-31 ฿3.00 ฿7.10 x
2008-12-31 ฿3.15 ฿7.10 x
2009-12-31 ฿3.13 ฿7.10 x
2010-12-31 ฿3.38 ฿7.10 x
2011-12-31 ฿3.27 ฿7.10 x
2012-12-31 ฿3.63 ฿7.10 x
2013-12-31 ฿3.90 ฿7.10 x
2014-12-31 ฿4.07 ฿7.10 x
2015-12-31 ฿4.33 ฿7.10 x
2016-12-31 ฿4.51 ฿7.10 x
2017-12-31 ฿4.81 ฿7.10 x
2018-12-31 ฿5.17 ฿7.10 x
2019-12-31 ฿5.25 ฿7.10 x
2020-12-31 ฿5.24 ฿7.10 x
2021-12-31 ฿5.48 ฿7.10 x
2022-12-31 ฿5.76 ฿7.10 x
2023-12-31 ฿6.15 ฿7.10 x
2024-12-31 ฿6.33 ฿7.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Metro Systems Corporation 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): 11.22%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.86%
  • • Asset Turnover: 1.94x
  • • Equity Multiplier: 2.02x
  • Recent ROE (11.22%) is below the historical average (12.06%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 4.87% 0.70% 1.69x 4.13x ฿-24.20 Million
2002 9.62% 1.41% 1.90x 3.59x ฿-2.35 Million
2003 9.23% 1.39% 1.86x 3.56x ฿-5.60 Million
2004 11.59% 1.72% 2.13x 3.16x ฿12.48 Million
2005 18.86% 2.95% 2.43x 2.63x ฿81.31 Million
2006 20.30% 3.58% 2.85x 1.99x ฿107.45 Million
2007 14.46% 2.78% 2.74x 1.90x ฿48.24 Million
2008 12.21% 2.48% 2.63x 1.87x ฿25.07 Million
2009 5.99% 1.28% 2.64x 1.78x ฿-45.25 Million
2010 10.25% 2.22% 2.48x 1.86x ฿3.06 Million
2011 8.84% 1.68% 2.52x 2.09x ฿-13.63 Million
2012 16.86% 3.46% 2.56x 1.91x ฿89.70 Million
2013 14.76% 3.06% 2.39x 2.02x ฿66.47 Million
2014 12.05% 2.50% 2.25x 2.14x ฿29.91 Million
2015 13.22% 2.95% 2.07x 2.16x ฿50.21 Million
2016 11.59% 2.46% 2.44x 1.93x ฿25.75 Million
2017 13.57% 3.18% 2.34x 1.82x ฿61.82 Million
2018 15.23% 3.55% 2.27x 1.89x ฿97.28 Million
2019 11.66% 2.98% 2.26x 1.74x ฿31.43 Million
2020 8.26% 2.13% 2.33x 1.67x ฿-32.73 Million
2021 9.99% 2.74% 2.18x 1.67x ฿-163.93K
2022 11.82% 2.61% 2.05x 2.20x ฿37.65 Million
2023 12.88% 3.01% 2.51x 1.71x ฿63.72 Million
2024 11.22% 2.86% 1.94x 2.02x ฿27.90 Million

Industry Comparison

This section compares Metro Systems Corporation Public Company Limited's net assets metrics with peer companies in the Electronics & Computer Distribution industry.

Industry Context

  • Industry: Electronics & Computer Distribution
  • Average net assets among peers: $863,088,825
  • Average return on equity (ROE) among peers: 16.77%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Metro Systems Corporation Public Company Limited (MSC) ฿2.25 Billion 4.87% 0.85x $10.97 Million
Advice It Infinite Pcl (ADVICE) $310.78 Million 66.18% 7.32x $34.64 Million
AJ Advance Technology Public Company Limited (AJA) $1.87 Billion 19.05% 0.61x $21.27 Million
BPS TECHNOLOGY PUBLIC COMPANY LIMITED (BPS) $161.72 Million 12.68% 1.43x $1.82 Million
Comanche International Public Company Limited (COMAN) $349.09 Million 0.57% 0.19x $1.88 Million
Copperwired Public Company Limited (CPW) $259.71 Million 8.45% 1.44x $8.87 Million
Communication & System Solution Public Company Limited (CSS) $1.73 Billion 9.81% 1.22x $17.83 Million
IT City Public Company Limited (IT) $752.31 Million 15.60% 0.34x $12.27K
Simat Technologies Public Company Limited (SIMAT) $629.48 Million 5.27% 0.83x $18.85 Million
SiS Distribution (Thailand) Public Company Limited (SIS) $1.71 Billion 13.31% 1.90x $78.03 Million