Neo Corporate Pcl
Neo Corporate Public Company Limited, together with its subsidiary, engages in the manufacturing and distribution of consumer products in Thailand, Cambodia, Laos, Myanmar, and Vietnam. The company offers deodorants, fragrances, and talcum powder; hair care; body serum; liquid and bar soap; and feminine wash. It also provides liquid detergent, fabric softener, and fabric care; and floor cleaning,… Read more
Neo Corporate Pcl (NEO) - Net Assets
Latest net assets as of September 2024: ฿4.83 Billion THB
Based on the latest financial reports, Neo Corporate Pcl (NEO) has net assets worth ฿4.83 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿10.50 Billion) and total liabilities (฿5.68 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 | ฿4.83 Billion |
| % of Total Assets | 45.96% |
| Annual Growth Rate | 7.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.9 |
Neo Corporate Pcl - Net Assets Trend (2019–2023)
This chart illustrates how Neo Corporate Pcl's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Neo Corporate Pcl (2019–2023)
The table below shows the annual net assets of Neo Corporate Pcl from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿1.57 Billion | -34.98% |
| 2022-12-31 | ฿2.41 Billion | +12.15% |
| 2021-12-31 | ฿2.15 Billion | +31.56% |
| 2020-12-31 | ฿1.63 Billion | +39.40% |
| 2019-12-31 | ฿1.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Neo Corporate Pcl'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 34.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿877.80 Million | 56.86% |
| Common Stock | ฿222.00 Million | 14.38% |
| Other Comprehensive Income | ฿56.93 Million | 3.69% |
| Other Components | ฿387.13 Million | 25.08% |
| Total Equity | ฿1.54 Billion | 100.00% |
Neo Corporate Pcl Competitors by Market Cap
The table below lists competitors of Neo Corporate Pcl ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tainan Enterprises Co Ltd
TW:1473
|
$52.82 Million |
|
Acconeer AB
ST:ACCON
|
$52.83 Million |
|
Kinetic Group Inc
PINK:KNIT
|
$52.84 Million |
|
Paragon Care Limited
F:PXS
|
$52.86 Million |
|
Rainbow Rare Earths Limited
PINK:RBWRF
|
$52.82 Million |
|
HPQ-Silicon Resources Inc
OTCQX:HPQFF
|
$52.79 Million |
|
Curo Co Ltd
KO:015590
|
$52.77 Million |
|
Banco Alfa de Investimento S.A
SA:BRIV3
|
$52.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Neo Corporate Pcl's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,143,795,541 to 1,543,868,692, a change of -599,926,849 (-28.0%).
- Net income of 829,633,615 contributed positively to equity growth.
- Dividend payments of 1,667,664,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,800,000.
- Other factors increased equity by 230,303,536.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿829.63 Million | +53.74% |
| Dividends Paid | ฿1.67 Billion | -108.02% |
| Other Comprehensive Income | ฿7.80 Million | +0.51% |
| Other Changes | ฿230.30 Million | +14.92% |
| Total Change | ฿- | -27.98% |
Book Value vs Market Value Analysis
This analysis compares Neo Corporate Pcl'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: 3.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.45x to 3.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ฿3.07 | ฿19.80 | x |
| 2020-12-31 | ฿4.59 | ฿19.80 | x |
| 2021-12-31 | ฿6.29 | ฿19.80 | x |
| 2022-12-31 | ฿7.15 | ฿19.80 | x |
| 2023-12-31 | ฿5.15 | ฿19.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Neo Corporate Pcl 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): 53.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.75%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 4.72x
- Recent ROE (53.74%) is above the historical average (40.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 41.48% | 6.21% | 1.23x | 5.41x | ฿289.95 Million |
| 2020 | 43.28% | 8.80% | 1.21x | 4.06x | ฿457.96 Million |
| 2021 | 38.14% | 9.69% | 1.26x | 3.13x | ฿530.84 Million |
| 2022 | 26.33% | 6.80% | 1.31x | 2.96x | ฿350.17 Million |
| 2023 | 53.74% | 8.75% | 1.30x | 4.72x | ฿675.25 Million |
Industry Comparison
This section compares Neo Corporate Pcl's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $556,656,219
- Average return on equity (ROE) among peers: 33.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Neo Corporate Pcl (NEO) | ฿4.83 Billion | 41.48% | 1.18x | $52.82 Million |
| 88(Thailand) Public Company Limited (88TH) | $221.11 Million | 25.22% | 0.28x | $15.31 Million |
| Asian Phytoceuticals Public Company Limited (APCO) | $610.51 Million | 13.25% | 0.11x | $16.52 Million |
| Bangkok Lab & Cosmetic PCL (BLC) | $281.51 Million | 44.66% | 3.31x | $12.24 Million |
| Do Day Dream Public Company Limited (DDD) | $374.95 Million | 87.48% | 1.07x | $16.05 Million |
| Jack Chia Industries (Thailand) Public Company Limited (JCT) | $1.31 Billion | 6.77% | 0.23x | $6.30 Million |
| Karmarts Public Company Limited (KAMART) | $107.26 Million | 73.53% | 13.45x | $183.04 Million |
| Rojukiss International Public Company Limited (KISS) | $1.09 Billion | 12.03% | 0.29x | $24.62 Million |
| Moong Pattana International Public Company Limited (MOONG) | $736.89 Million | 17.52% | 0.30x | $6.29 Million |
| Nutrition Profess Public Company Limited (NUT) | $279.67 Million | 19.72% | 0.77x | $1.15K |