Next Capital Public Company Limited
Next Capital Public Company Limited provides motorcycle hire-purchase and loans secured against vehicle registrations in Thailand. The company offers hire purchase for new motorcycles and hire purchase for second hand motorcycle. It also provides vehicle registration services; and vehicle insurance services. The company serves individual and corporate customers. The company was formerly known as … Read more
Next Capital Public Company Limited (NCAP) - Net Assets
Latest net assets as of September 2025: ฿5.10 Billion THB
Based on the latest financial reports, Next Capital Public Company Limited (NCAP) has net assets worth ฿5.10 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 (฿10.53 Billion) and total liabilities (฿5.44 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 | ฿5.10 Billion |
| % of Total Assets | 48.39% |
| Annual Growth Rate | 33.65% |
| 5-Year Change | 180.47% |
| 10-Year Change | N/A |
| Growth Volatility | 96.34 |
Next Capital Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Next 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 Next Capital Public Company Limited (2016–2024)
The table below shows the annual net assets of Next Capital Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.70 Billion | +5.26% |
| 2023-12-31 | ฿4.47 Billion | +5.58% |
| 2022-12-31 | ฿4.23 Billion | +110.64% |
| 2021-12-31 | ฿2.01 Billion | +19.80% |
| 2020-12-31 | ฿1.68 Billion | +59.17% |
| 2019-12-31 | ฿1.05 Billion | +13.71% |
| 2018-12-31 | ฿926.18 Million | -47.85% |
| 2017-12-31 | ฿1.78 Billion | +284.58% |
| 2016-12-31 | ฿461.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Next 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 442.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.50 Billion | 32.01% |
| Other Components | ฿3.20 Billion | 67.99% |
| Total Equity | ฿4.70 Billion | 100.00% |
Next Capital Public Company Limited Competitors by Market Cap
The table below lists competitors of Next Capital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cenit AG
LSE:0MUF
|
$36.63 Million |
|
Mark Dynamics Indonesia Tbk PT
JK:MARK
|
$36.64 Million |
|
SP Systems Co.Ltd
KQ:317830
|
$36.64 Million |
|
WW Holding Inc
TW:8442
|
$36.65 Million |
|
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
|
$36.62 Million |
|
Westhaven Ventures Inc
V:WHN
|
$36.61 Million |
|
Ablerex Electronics Co Ltd
TWO:3628
|
$36.60 Million |
|
Platform Turizm Tasimacilik AS
IS:PLTUR
|
$36.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Next Capital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,466,506,602 to 4,701,529,659, a change of 235,023,057 (5.3%).
- Net income of 239,692,397 contributed positively to equity growth.
- Other comprehensive income decreased equity by 68,508,734.
- Other factors increased equity by 63,839,394.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿239.69 Million | +5.1% |
| Other Comprehensive Income | ฿-68.51 Million | -1.46% |
| Other Changes | ฿63.84 Million | +1.36% |
| Total Change | ฿- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares Next 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: 0.76x
- 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 0.05x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿57.87 | ฿2.64 | x |
| 2017-12-31 | ฿0.00 | ฿2.64 | x |
| 2018-12-31 | ฿0.83 | ฿2.64 | x |
| 2019-12-31 | ฿0.95 | ฿2.64 | x |
| 2020-12-31 | ฿2.09 | ฿2.64 | x |
| 2021-12-31 | ฿1.79 | ฿2.64 | x |
| 2022-12-31 | ฿3.68 | ฿2.64 | x |
| 2023-12-31 | ฿3.31 | ฿2.64 | x |
| 2024-12-31 | ฿3.48 | ฿2.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Next 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.20%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.16x
- Recent ROE (5.10%) is below the historical average (10.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 26.59% | 30.81% | 0.23x | 3.79x | ฿76.62 Million |
| 2017 | 4.20% | 23.66% | 0.25x | 0.71x | ฿-144.82 Million |
| 2018 | 9.71% | 11.52% | 0.22x | 3.85x | ฿-2.71 Million |
| 2019 | 11.99% | 13.35% | 0.23x | 3.87x | ฿20.92 Million |
| 2020 | 12.04% | 20.57% | 0.21x | 2.78x | ฿34.14 Million |
| 2021 | 15.56% | 26.53% | 0.20x | 2.92x | ฿111.13 Million |
| 2022 | 3.91% | 9.75% | 0.20x | 1.98x | ฿-257.15 Million |
| 2023 | 5.82% | 25.22% | 0.10x | 2.26x | ฿-186.81 Million |
| 2024 | 5.10% | 13.20% | 0.18x | 2.16x | ฿-230.46 Million |
Industry Comparison
This section compares Next 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: $1,462,560,682
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Next Capital Public Company Limited (NCAP) | ฿5.10 Billion | 26.59% | 1.07x | $36.63 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |