Muangthai Capital Public Company Limited
Muangthai Capital Public Company Limited engages in the lending business in Thailand. The company operates through two segments, Lending Business and Hire Purchase. It offers loans that are secured against vehicle registrations, land title deeds loans, and nano finance, as well as personal loans without collateral. The company also provides car, motorcycles, and agricultural vehicle title loans. … Read more
Muangthai Capital Public Company Limited (MTC) - Net Assets
Latest net assets as of September 2025: ฿41.24 Billion THB
Based on the latest financial reports, Muangthai Capital Public Company Limited (MTC) has net assets worth ฿41.24 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 (฿190.50 Billion) and total liabilities (฿149.27 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 | ฿41.24 Billion |
| % of Total Assets | 21.65% |
| Annual Growth Rate | 29.74% |
| 5-Year Change | 78.67% |
| 10-Year Change | 553.79% |
| Growth Volatility | 38.45 |
Muangthai Capital Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Muangthai Capital 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 Muangthai Capital Public Company Limited (2011–2024)
The table below shows the annual net assets of Muangthai Capital Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿36.95 Billion | +15.78% |
| 2023-12-31 | ฿31.92 Billion | +9.72% |
| 2022-12-31 | ฿29.09 Billion | +16.98% |
| 2021-12-31 | ฿24.87 Billion | +20.24% |
| 2020-12-31 | ฿20.68 Billion | +29.49% |
| 2019-12-31 | ฿15.97 Billion | +29.86% |
| 2018-12-31 | ฿12.30 Billion | +37.52% |
| 2017-12-31 | ฿8.94 Billion | +33.64% |
| 2016-12-31 | ฿6.69 Billion | +18.40% |
| 2015-12-31 | ฿5.65 Billion | +10.69% |
| 2014-12-31 | ฿5.11 Billion | +163.59% |
| 2013-12-31 | ฿1.94 Billion | +22.24% |
| 2012-12-31 | ฿1.58 Billion | +26.65% |
| 2011-12-31 | ฿1.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Muangthai Capital 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 21564.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿32.76 Billion | 88.67% |
| Other Components | ฿4.19 Billion | 11.33% |
| Total Equity | ฿36.95 Billion | 100.00% |
Muangthai Capital Public Company Limited Competitors by Market Cap
The table below lists competitors of Muangthai Capital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu Spaceon Electronics Co Ltd Class A
SHE:002935
|
$592.91 Million |
|
Zhongmin Energy Co Ltd
SHG:600163
|
$592.94 Million |
|
Utz Brands Inc
NYSE:UTZ
|
$592.95 Million |
|
Asana Inc
NYSE:ASAN
|
$592.96 Million |
|
Ferrellgas Partners L.P
PINK:FGPRB
|
$592.46 Million |
|
Asiainfo Security Technologies Corp. A
SHG:688225
|
$592.37 Million |
|
VGI Public Company Limited
BK:VGI-R
|
$592.33 Million |
|
ZKH Group Limited
NYSE:ZKH
|
$592.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Muangthai Capital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,916,799,347 to 36,953,174,298, a change of 5,036,374,951 (15.8%).
- Net income of 5,867,308,463 contributed positively to equity growth.
- Dividend payments of 445,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 35,049,978.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿5.87 Billion | +15.88% |
| Dividends Paid | ฿445.20 Million | -1.2% |
| Other Comprehensive Income | ฿-35.05 Million | -0.09% |
| Other Changes | ฿-350.68 Million | -0.95% |
| Total Change | ฿- | 15.78% |
Book Value vs Market Value Analysis
This analysis compares Muangthai Capital 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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 77.41x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.40 | ฿30.75 | x |
| 2012-12-31 | ฿0.50 | ฿30.75 | x |
| 2013-12-31 | ฿0.61 | ฿30.75 | x |
| 2014-12-31 | ฿2.41 | ฿30.75 | x |
| 2015-12-31 | ฿2.67 | ฿30.75 | x |
| 2016-12-31 | ฿3.15 | ฿30.75 | x |
| 2017-12-31 | ฿4.22 | ฿30.75 | x |
| 2018-12-31 | ฿5.80 | ฿30.75 | x |
| 2019-12-31 | ฿7.53 | ฿30.75 | x |
| 2020-12-31 | ฿9.76 | ฿30.75 | x |
| 2021-12-31 | ฿11.73 | ฿30.75 | x |
| 2022-12-31 | ฿13.72 | ฿30.75 | x |
| 2023-12-31 | ฿15.06 | ฿30.75 | x |
| 2024-12-31 | ฿17.43 | ฿30.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Muangthai Capital 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): 15.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.14%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 4.62x
- Recent ROE (15.88%) is below the historical average (19.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.54% | 18.06% | 0.15x | 3.17x | ฿-18.26 Million |
| 2012 | 19.46% | 27.99% | 0.23x | 3.02x | ฿149.95 Million |
| 2013 | 18.14% | 26.63% | 0.22x | 3.11x | ฿157.73 Million |
| 2014 | 10.66% | 34.51% | 0.18x | 1.72x | ฿33.51 Million |
| 2015 | 14.60% | 35.48% | 0.18x | 2.31x | ฿259.79 Million |
| 2016 | 21.88% | 35.46% | 0.17x | 3.65x | ฿794.91 Million |
| 2017 | 27.96% | 36.91% | 0.18x | 4.13x | ฿1.61 Billion |
| 2018 | 30.19% | 39.87% | 0.19x | 4.00x | ฿2.48 Billion |
| 2019 | 26.53% | 37.97% | 0.18x | 3.87x | ฿2.64 Billion |
| 2020 | 25.21% | 40.26% | 0.17x | 3.73x | ฿3.15 Billion |
| 2021 | 19.88% | 35.54% | 0.14x | 3.96x | ฿2.46 Billion |
| 2022 | 17.51% | 30.20% | 0.13x | 4.40x | ฿2.18 Billion |
| 2023 | 15.37% | 29.32% | 0.11x | 4.70x | ฿1.71 Billion |
| 2024 | 15.88% | 27.14% | 0.13x | 4.62x | ฿2.17 Billion |
Industry Comparison
This section compares Muangthai Capital Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $2,456,514,727
- Average return on equity (ROE) among peers: 12.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Muangthai Capital Public Company Limited (MTC) | ฿41.24 Billion | 8.54% | 3.62x | $592.53 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.45 Billion | 12.80% | 4.90x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $5.86 Billion | 16.81% | 5.68x | $161.79 Million |
| AIRA Factoring Public Company Limited (AF) | $351.45 Million | 7.09% | 6.43x | $1.07 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.72 Billion | 17.82% | 1.19x | $11.82 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $3.80 Billion | 16.88% | 6.48x | $91.10 Million |
| Chase Asia PCL (CHASE) | $3.38 Billion | 3.94% | 0.15x | $7.05 Million |
| Chayo Group Public Company Limited (CHAYO) | $333.22 Million | 17.48% | 0.25x | $19.15 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $1.93 Billion | 3.21% | 1.62x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.66 Million |
| Heng Leasing & Capital PCL (HENG) | $5.42 Billion | 7.79% | 1.89x | $38.71 Million |