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

Latest as of September 2025: ฿2.25 Billion THB ≈ $70.27 Million USD

Based on the latest financial reports, Metro Systems Corporation Public Company Limited (MSC) has net assets worth ฿2.25 Billion THB (≈ $70.27 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 (฿4.16 Billion ≈ $129.80 Million USD) and total liabilities (฿1.91 Billion ≈ $59.53 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 Metro Systems Corporation Public Company (MSC) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Metro Systems Corporation Public Company for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Metro Systems Corporation Public Company (MSC) market capitalisation.

Year	Net Assets	Change
2024-12-31	฿2.28 Billion ≈ $71.08 Million	+2.89%
2023-12-31	฿2.22 Billion ≈ $69.08 Million	+6.80%
2022-12-31	฿2.08 Billion ≈ $64.68 Million	+4.94%
2021-12-31	฿1.98 Billion ≈ $61.64 Million	+4.63%
2020-12-31	฿1.89 Billion ≈ $58.91 Million	-0.18%
2019-12-31	฿1.89 Billion ≈ $59.01 Million	+1.67%
2018-12-31	฿1.86 Billion ≈ $58.04 Million	+7.10%
2017-12-31	฿1.74 Billion ≈ $54.19 Million	+6.78%
2016-12-31	฿1.63 Billion ≈ $50.75 Million	+3.81%
2015-12-31	฿1.57 Billion ≈ $48.89 Million	+6.90%
2014-12-31	฿1.47 Billion ≈ $45.73 Million	+4.42%
2013-12-31	฿1.41 Billion ≈ $43.80 Million	+6.80%
2012-12-31	฿1.32 Billion ≈ $41.01 Million	+11.05%
2011-12-31	฿1.18 Billion ≈ $36.93 Million	-3.11%
2010-12-31	฿1.22 Billion ≈ $38.12 Million	+7.81%
2009-12-31	฿1.13 Billion ≈ $35.35 Million	-0.21%
2008-12-31	฿1.14 Billion ≈ $35.43 Million	+4.66%
2007-12-31	฿1.09 Billion ≈ $33.85 Million	+3.83%
2006-12-31	฿1.05 Billion ≈ $32.60 Million	+9.04%
2005-12-31	฿959.36 Million ≈ $29.90 Million	+20.33%
2004-12-31	฿797.25 Million ≈ $24.85 Million	+8.32%
2003-12-31	฿735.99 Million ≈ $22.94 Million	+18.06%
2002-12-31	฿623.40 Million ≈ $19.43 Million	+28.88%
2001-12-31	฿483.72 Million ≈ $15.08 Million	+6.20%
2000-12-31	฿455.46 Million ≈ $14.20 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
Natura City Developments Tbk PT JK:CITY	$63.98 Million
Korea New Network Co. Ltd KQ:058400	$63.99 Million
Abra Information Technologies Ltd TA:BBYL	$63.99 Million
Mobilicom Limited American Depositary Shares NASDAQ:MOB	$64.00 Million
Digital Multimedia Technology Co.Ltd KQ:134580	$63.96 Million
Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS IS:PRKME	$63.95 Million
FineMat Applied Materials Co Ltd TW:6698	$63.94 Million
Yatra Online Inc NASDAQ:YTRA	$63.94 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: 0.90x
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 0.22x to 0.90x 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	฿5.70	x
2002-12-31	฿27.04	฿5.70	x
2003-12-31	฿2.50	฿5.70	x
2004-12-31	฿2.22	฿5.70	x
2005-12-31	฿2.60	฿5.70	x
2006-12-31	฿2.90	฿5.70	x
2007-12-31	฿3.00	฿5.70	x
2008-12-31	฿3.15	฿5.70	x
2009-12-31	฿3.13	฿5.70	x
2010-12-31	฿3.38	฿5.70	x
2011-12-31	฿3.27	฿5.70	x
2012-12-31	฿3.63	฿5.70	x
2013-12-31	฿3.90	฿5.70	x
2014-12-31	฿4.07	฿5.70	x
2015-12-31	฿4.33	฿5.70	x
2016-12-31	฿4.51	฿5.70	x
2017-12-31	฿4.81	฿5.70	x
2018-12-31	฿5.17	฿5.70	x
2019-12-31	฿5.25	฿5.70	x
2020-12-31	฿5.24	฿5.70	x
2021-12-31	฿5.48	฿5.70	x
2022-12-31	฿5.76	฿5.70	x
2023-12-31	฿6.15	฿5.70	x
2024-12-31	฿6.33	฿5.70	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: $871,850,586
Average return on equity (ROE) among peers: 9.11%

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	$63.96 Million
AJ Advance Technology Public Company Limited (AJA)	$321.00 Million	9.58%	3.28x	$25.08 Million
Comanche International Public Company Limited (COMAN)	$328.64 Million	-13.86%	0.05x	$3.24 Million
Communication & System Solution Public Company Limited (CSS)	$1.78 Billion	1.13%	0.76x	$28.22 Million
IT City Public Company Limited (IT)	$839.16 Million	7.55%	0.81x	$47.97 Million
Simat Technologies Public Company Limited (SIMAT)	$462.89 Million	16.26%	1.90x	$27.90 Million
SiS Distribution (Thailand) Public Company Limited (SIS)	$666.90 Million	19.43%	1.67x	$252.15 Million
S P V I Public Company Limited (SPVI)	$412.27 Million	17.78%	1.10x	$35.66 Million
SVOA Public Company Limited (SVOA)	$2.11 Billion	8.94%	1.99x	$38.03 Million
Synnex (Thailand) Public Company Limited (SYNEX)	$920.84 Million	15.19%	2.04x	$244.31 Million

About Metro Systems Corporation Public Company Limited

BK:MSC Thailand Electronics & Computer Distribution

Market Cap

$63.96 Million

฿2.05 Billion THB

Market Cap Rank

#20926 Global

#332 in Thailand

Share Price

฿5.70

Change (1 day)

-2.56%

52-Week Range

฿5.70 - ฿8.10

All Time High

฿12.12