Netbay Public Company Limited
Netbay Public Company Limited engages in the provision of Software as a Service (SaaS) for online electronic transactions between business-to-government, business-to-business, and business-to-consumer groups in Thailand. It operates in two segments, The e-Business and The e-Service. The company invents, creates, and develops various digital business technology platforms and e-business service app… Read more
Netbay Public Company Limited (NETBAY) - Net Assets
Latest net assets as of September 2025: ฿448.96 Million THB
Based on the latest financial reports, Netbay Public Company Limited (NETBAY) has net assets worth ฿448.96 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 (฿650.55 Million) and total liabilities (฿201.59 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 | ฿448.96 Million |
| % of Total Assets | 69.01% |
| Annual Growth Rate | 11.78% |
| 5-Year Change | 19.12% |
| 10-Year Change | 251.81% |
| Growth Volatility | 35.26 |
Netbay Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how Netbay 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 Netbay Public Company Limited (2012–2024)
The table below shows the annual net assets of Netbay Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿553.82 Million | +6.72% |
| 2023-12-31 | ฿518.93 Million | +3.59% |
| 2022-12-31 | ฿500.97 Million | +3.94% |
| 2021-12-31 | ฿481.96 Million | +3.67% |
| 2020-12-31 | ฿464.90 Million | -6.96% |
| 2019-12-31 | ฿499.70 Million | +5.90% |
| 2018-12-31 | ฿471.86 Million | +12.77% |
| 2017-12-31 | ฿418.43 Million | +21.83% |
| 2016-12-31 | ฿343.44 Million | +118.17% |
| 2015-12-31 | ฿157.42 Million | +35.23% |
| 2014-12-31 | ฿116.41 Million | +26.56% |
| 2013-12-31 | ฿91.98 Million | -36.79% |
| 2012-12-31 | ฿145.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Netbay 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 1063.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿290.37 Million | 52.43% |
| Common Stock | ฿200.00 Million | 36.11% |
| Other Comprehensive Income | ฿25.00 Million | 4.51% |
| Other Components | ฿38.45 Million | 6.94% |
| Total Equity | ฿553.82 Million | 100.00% |
Netbay Public Company Limited Competitors by Market Cap
The table below lists competitors of Netbay Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRECIA SA EO -50
F:P1E0
|
$62.69 Million |
|
Rajthanee Hospital Public Company Limited
BK:RJH
|
$62.70 Million |
|
OMS Energy Technologies Inc.
NASDAQ:OMSE
|
$62.70 Million |
|
Dwi Guna Laksana Tbk PT
JK:DWGL
|
$62.70 Million |
|
Laiqon AG
XETRA:LQAG
|
$62.68 Million |
|
Fabryka Obrabiarek RAFAMET S.A.
WAR:RAF
|
$62.65 Million |
|
Kingwaytek Technology Co Ltd
TWO:6516
|
$62.64 Million |
|
Cemtas Celik Makina Sanayi ve Ticaret AS
IS:CEMTS
|
$62.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Netbay Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 518,933,121 to 553,816,559, a change of 34,883,438 (6.7%).
- Net income of 215,915,547 contributed positively to equity growth.
- Dividend payments of 179,660,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿215.92 Million | +38.99% |
| Dividends Paid | ฿179.66 Million | -32.44% |
| Other Changes | ฿-1.37 Million | -0.25% |
| Total Change | ฿- | 6.72% |
Book Value vs Market Value Analysis
This analysis compares Netbay 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: 6.93x
- 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 8.80x to 6.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿2.18 | ฿19.20 | x |
| 2013-12-31 | ฿1.01 | ฿19.20 | x |
| 2014-12-31 | ฿0.73 | ฿19.20 | x |
| 2015-12-31 | ฿0.79 | ฿19.20 | x |
| 2016-12-31 | ฿1.89 | ฿19.20 | x |
| 2017-12-31 | ฿2.09 | ฿19.20 | x |
| 2018-12-31 | ฿2.36 | ฿19.20 | x |
| 2019-12-31 | ฿2.50 | ฿19.20 | x |
| 2020-12-31 | ฿2.32 | ฿19.20 | x |
| 2021-12-31 | ฿2.41 | ฿19.20 | x |
| 2022-12-31 | ฿2.50 | ฿19.20 | x |
| 2023-12-31 | ฿2.59 | ฿19.20 | x |
| 2024-12-31 | ฿2.77 | ฿19.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Netbay 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): 38.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.13%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.39x
- Recent ROE (38.99%) is above the historical average (28.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.09% | 7.70% | 0.67x | 1.37x | ฿-4.23 Million |
| 2013 | 14.18% | 8.74% | 0.98x | 1.65x | ฿3.85 Million |
| 2014 | 15.43% | 8.90% | 0.93x | 1.86x | ฿5.79 Million |
| 2015 | 41.32% | 29.07% | 0.89x | 1.59x | ฿49.31 Million |
| 2016 | 26.01% | 32.73% | 0.58x | 1.37x | ฿54.98 Million |
| 2017 | 27.67% | 36.79% | 0.59x | 1.27x | ฿73.95 Million |
| 2018 | 31.54% | 41.15% | 0.59x | 1.29x | ฿101.62 Million |
| 2019 | 35.84% | 43.50% | 0.64x | 1.30x | ฿129.11 Million |
| 2020 | 33.65% | 40.27% | 0.64x | 1.31x | ฿109.96 Million |
| 2021 | 34.35% | 41.34% | 0.63x | 1.33x | ฿117.37 Million |
| 2022 | 33.88% | 37.13% | 0.67x | 1.37x | ฿119.64 Million |
| 2023 | 34.74% | 36.99% | 0.67x | 1.40x | ฿128.40 Million |
| 2024 | 38.99% | 37.13% | 0.75x | 1.39x | ฿160.53 Million |
Industry Comparison
This section compares Netbay Public Company Limited's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $341,695,214
- Average return on equity (ROE) among peers: 10.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Netbay Public Company Limited (NETBAY) | ฿448.96 Million | 7.09% | 0.45x | $62.69 Million |
| Applicad Public Company Limited (APP) | $38.90 Million | 70.91% | 6.98x | $7.99 Million |
| Humanica Public Company Limited (HUMAN) | $1.20 Billion | 12.28% | 0.15x | $51.19 Million |
| MEB Corp. PCL (MEB) | $145.04 Million | 43.06% | 0.42x | $35.64 Million |
| News Network Corporation Public Company Limited (NEWS) | $269.48 Million | -210.65% | 4.12x | $17.40 Million |
| TBN Corp. PCL (TBN) | $57.86 Million | 135.13% | 1.95x | $3.87 Million |