North East Rubbers Public Company Limited
North East Rubber Public Company Limited manufactures and sells rubber products in Thailand. The company offers rubber smoked sheets, skim block rubbers, mixtures rubber, ribbed smoked, and standard Thai rubbers primarily for the automobile industry. It also exports its products to China, Japan, Singapore, Hong Kong, and India. North East Rubber Public Company Limited was incorporated in 2006 and… Read more
North East Rubbers Public Company Limited (NER) - Net Assets
Latest net assets as of September 2025: ฿9.31 Billion THB
Based on the latest financial reports, North East Rubbers Public Company Limited (NER) has net assets worth ฿9.31 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 (฿20.04 Billion) and total liabilities (฿10.73 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 | ฿9.31 Billion |
| % of Total Assets | 46.47% |
| Annual Growth Rate | 29.4% |
| 5-Year Change | 129.99% |
| 10-Year Change | 1441.54% |
| Growth Volatility | 78.35 |
North East Rubbers Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how North East Rubbers 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 North East Rubbers Public Company Limited (2014–2024)
The table below shows the annual net assets of North East Rubbers Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿8.49 Billion | +13.65% |
| 2023-12-31 | ฿7.47 Billion | +13.37% |
| 2022-12-31 | ฿6.59 Billion | +20.96% |
| 2021-12-31 | ฿5.45 Billion | +47.57% |
| 2020-12-31 | ฿3.69 Billion | +22.56% |
| 2019-12-31 | ฿3.01 Billion | +12.67% |
| 2018-12-31 | ฿2.67 Billion | +272.84% |
| 2017-12-31 | ฿716.79 Million | +17.33% |
| 2016-12-31 | ฿610.94 Million | +10.96% |
| 2015-12-31 | ฿550.62 Million | -14.56% |
| 2014-12-31 | ฿644.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to North East Rubbers 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 2521.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿5.88 Billion | 69.33% |
| Other Components | ฿2.60 Billion | 30.67% |
| Total Equity | ฿8.49 Billion | 100.00% |
North East Rubbers Public Company Limited Competitors by Market Cap
The table below lists competitors of North East Rubbers Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crowell Development Corp
TW:2528
|
$196.03 Million |
|
Hangzhou Everfine Photo E Info
SHE:300306
|
$196.04 Million |
|
Changchun Engley Automobile Industry Co.Ltd.
SHG:601279
|
$196.07 Million |
|
Shanghai Research Institute of Building Sciences Group Co. Ltd A
SHG:603153
|
$196.10 Million |
|
Atria Oyj A
HE:ATRAV
|
$195.99 Million |
|
GD Culture Group Limited
NASDAQ:GDC
|
$195.90 Million |
|
Provident Bancorp Inc
NASDAQ:PVBC
|
$195.90 Million |
|
Kwangdong Phar
KO:009290
|
$195.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North East Rubbers Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,468,595,547 to 8,487,966,297, a change of 1,019,370,750 (13.6%).
- Net income of 1,652,466,792 contributed positively to equity growth.
- Dividend payments of 628,246,755 reduced retained earnings.
- Other comprehensive income decreased equity by 100,473,395.
- Other factors increased equity by 95,624,108.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.65 Billion | +19.47% |
| Dividends Paid | ฿628.25 Million | -7.4% |
| Other Comprehensive Income | ฿-100.47 Million | -1.18% |
| Other Changes | ฿95.62 Million | +1.13% |
| Total Change | ฿- | 13.65% |
Book Value vs Market Value Analysis
This analysis compares North East Rubbers 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: 1.02x
- 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 11.23x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.42 | ฿4.70 | x |
| 2015-12-31 | ฿0.36 | ฿4.70 | x |
| 2016-12-31 | ฿0.40 | ฿4.70 | x |
| 2017-12-31 | ฿0.47 | ฿4.70 | x |
| 2018-12-31 | ฿1.74 | ฿4.70 | x |
| 2019-12-31 | ฿1.96 | ฿4.70 | x |
| 2020-12-31 | ฿2.30 | ฿4.70 | x |
| 2021-12-31 | ฿3.20 | ฿4.70 | x |
| 2022-12-31 | ฿3.58 | ฿4.70 | x |
| 2023-12-31 | ฿4.04 | ฿4.70 | x |
| 2024-12-31 | ฿4.59 | ฿4.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North East Rubbers 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): 19.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.02%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 2.29x
- Recent ROE (19.47%) is below the historical average (20.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.08% | 3.52% | 0.90x | 4.15x | ฿19.82 Million |
| 2015 | 14.34% | 1.78% | 1.31x | 6.18x | ฿23.91 Million |
| 2016 | 1.69% | 0.17% | 1.35x | 7.44x | ฿-50.77 Million |
| 2017 | 31.27% | 2.29% | 1.92x | 7.12x | ฿152.45 Million |
| 2018 | 18.20% | 4.84% | 1.50x | 2.50x | ฿219.21 Million |
| 2019 | 17.90% | 4.14% | 1.63x | 2.65x | ฿237.77 Million |
| 2020 | 23.27% | 5.25% | 1.60x | 2.77x | ฿489.62 Million |
| 2021 | 33.97% | 7.57% | 1.72x | 2.61x | ฿1.31 Billion |
| 2022 | 26.53% | 6.94% | 1.54x | 2.48x | ฿1.09 Billion |
| 2023 | 20.69% | 6.17% | 1.49x | 2.25x | ฿798.74 Million |
| 2024 | 19.47% | 6.02% | 1.41x | 2.29x | ฿803.67 Million |
Industry Comparison
This section compares North East Rubbers Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North East Rubbers Public Company Limited (NER) | ฿9.31 Billion | 13.08% | 1.15x | $196.00 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |