NCL International Logistics Public Company Limited
NCL International Logistics Public Company Limited, together with its subsidiaries, provides international freight forwarding, customs broker, inland transportation, multimodal transport operation, and other freight related services for imports and exports. The company operates through four segments: Land Transportation; Freight Forwarder; Non-Vessel Operating Common Carrier; and Producing and Di… Read more
NCL International Logistics Public Company Limited (NCL) - Net Assets
Latest net assets as of September 2025: ฿107.05 Million THB
Based on the latest financial reports, NCL International Logistics Public Company Limited (NCL) has net assets worth ฿107.05 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿743.87 Million) and total liabilities (฿636.82 Million). 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 | ฿107.05 Million |
| % of Total Assets | 14.39% |
| Annual Growth Rate | -4.27% |
| 5-Year Change | -73.99% |
| 10-Year Change | -69.42% |
| Growth Volatility | 47.39 |
NCL International Logistics Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how NCL International Logistics 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 NCL International Logistics Public Company Limited (2012–2024)
The table below shows the annual net assets of NCL International Logistics Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿72.01 Million | -78.42% |
| 2023-12-31 | ฿333.76 Million | -50.66% |
| 2022-12-31 | ฿676.50 Million | +55.46% |
| 2021-12-31 | ฿435.17 Million | +57.20% |
| 2020-12-31 | ฿276.83 Million | -10.58% |
| 2019-12-31 | ฿309.58 Million | -4.25% |
| 2018-12-31 | ฿323.30 Million | +29.03% |
| 2017-12-31 | ฿250.57 Million | +11.58% |
| 2016-12-31 | ฿224.57 Million | -4.64% |
| 2015-12-31 | ฿235.50 Million | -27.58% |
| 2014-12-31 | ฿325.21 Million | +99.20% |
| 2013-12-31 | ฿163.25 Million | +34.21% |
| 2012-12-31 | ฿121.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NCL International Logistics 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 decreased by 50939861500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿132.06 Million | 185.49% |
| Other Comprehensive Income | ฿13.21 Million | 18.55% |
| Other Components | ฿443.69 Million | 623.22% |
| Total Equity | ฿71.19 Million | 100.00% |
NCL International Logistics Public Company Limited Competitors by Market Cap
The table below lists competitors of NCL International Logistics Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Granite Creek Copper Ltd
OTCQB:GCXXF
|
$2.61 Million |
|
MASTEC (MY8.SG)
STU:MY8
|
$2.61 Million |
|
Intanwijaya Internasional Tbk
JK:INCI
|
$2.61 Million |
|
M4B SA ZY 8
F:24D
|
$2.61 Million |
|
DY6 Metals Ltd
AU:DY6
|
$2.61 Million |
|
Callan JMB Inc. Common Stock
NASDAQ:CJMB
|
$2.61 Million |
|
Altareit
PA:AREIT
|
$2.61 Million |
|
York Harbour Metals Inc
OTCGREY:YORKF
|
$2.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NCL International Logistics Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 332,384,344 to 71,193,238, a change of -261,191,106 (-78.6%).
- Net loss of 268,817,453 reduced equity.
- Other comprehensive income decreased equity by 6,108,416.
- Other factors increased equity by 13,734,763.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-268.82 Million | -377.59% |
| Other Comprehensive Income | ฿-6.11 Million | -8.58% |
| Other Changes | ฿13.73 Million | +19.29% |
| Total Change | ฿- | -78.58% |
Book Value vs Market Value Analysis
This analysis compares NCL International Logistics 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: 1.63x
- 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 0.81x to 1.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.27 | ฿0.22 | x |
| 2013-12-31 | ฿0.50 | ฿0.22 | x |
| 2014-12-31 | ฿0.96 | ฿0.22 | x |
| 2015-12-31 | ฿0.56 | ฿0.22 | x |
| 2016-12-31 | ฿0.54 | ฿0.22 | x |
| 2017-12-31 | ฿0.49 | ฿0.22 | x |
| 2018-12-31 | ฿0.62 | ฿0.22 | x |
| 2019-12-31 | ฿0.63 | ฿0.22 | x |
| 2020-12-31 | ฿0.56 | ฿0.22 | x |
| 2021-12-31 | ฿0.91 | ฿0.22 | x |
| 2022-12-31 | ฿1.25 | ฿0.22 | x |
| 2023-12-31 | ฿0.63 | ฿0.22 | x |
| 2024-12-31 | ฿0.13 | ฿0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NCL International Logistics 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): -377.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.21%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 10.29x
- Recent ROE (-377.59%) is below the historical average (-35.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.21% | 0.42% | 2.01x | 4.96x | ฿-4.22 Million |
| 2013 | 25.49% | 4.45% | 2.04x | 2.82x | ฿25.29 Million |
| 2014 | 6.01% | 2.13% | 1.71x | 1.64x | ฿-12.98 Million |
| 2015 | -34.23% | -7.50% | 1.81x | 2.53x | ฿-104.15 Million |
| 2016 | -3.61% | -0.83% | 1.81x | 2.41x | ฿-30.81 Million |
| 2017 | -3.49% | -0.78% | 1.44x | 3.12x | ฿-29.38 Million |
| 2018 | 1.15% | 0.26% | 1.63x | 2.69x | ฿-24.20 Million |
| 2019 | 3.89% | 0.87% | 1.56x | 2.85x | ฿-17.41 Million |
| 2020 | -9.51% | -2.74% | 1.17x | 2.97x | ฿-49.71 Million |
| 2021 | 26.85% | 5.87% | 1.80x | 2.54x | ฿69.72 Million |
| 2022 | -0.90% | -0.31% | 1.40x | 2.07x | ฿-71.33 Million |
| 2023 | -98.85% | -47.76% | 0.71x | 2.91x | ฿-361.80 Million |
| 2024 | -377.59% | -39.21% | 0.94x | 10.29x | ฿-275.94 Million |
Industry Comparison
This section compares NCL International Logistics Public Company Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $961,884,000
- Average return on equity (ROE) among peers: 13.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NCL International Logistics Public Company Limited (NCL) | ฿107.05 Million | 4.21% | 5.95x | $2.61 Million |
| Begistics Public Company Limited (B) | $2.17 Billion | 3.29% | 0.11x | $7.40 Million |
| Euroasia Total Logistics PCL (ETL) | $367.94 Million | 28.86% | 2.08x | $2.35 Million |
| Triple i Logistics Public Company Limited (III) | $2.67 Billion | 29.78% | 0.38x | $42.36 Million |
| Leo Global Logistics Public Company Limited (LEO) | $113.28 Million | 15.06% | 1.86x | $9.07 Million |
| M P J Logistics Public Company Limited (MPJ) | $6.55 Million | 4.12% | 3.22x | $10.15 Million |
| Sino Logistics Corporation Public Company Limited (SINO) | $862.13 Million | 6.11% | 0.59x | $8.35 Million |
| SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) | $1.49 Billion | 25.19% | 1.78x | $87.91 Million |
| Sonic Interfreight Public Company Limited (SONIC) | $560.83 Million | 8.31% | 0.50x | $15.72 Million |
| Thai Parcels Public Company Limited (TPL) | $413.92 Million | 5.15% | 0.49x | $7.75 Million |