Quality Construction Products Public Company Limited
Quality Construction Products Public Company Limited produces and distributes autoclaved aerated concrete blocks, reinforced wall panels, floor panels, and lintels for construction uses in Thailand. It also offers counters, sound barriers, stairs, plastering mortars, and tools and accessories, as well as thin bed adhesive mortar products. The company was founded in 1994 and is based in Bang Pa-In… Read more
Quality Construction Products Public Company Limited (Q-CON) - Net Assets
Latest net assets as of December 2025: ฿2.73 Billion THB
Based on the latest financial reports, Quality Construction Products Public Company Limited (Q-CON) has net assets worth ฿2.73 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.12 Billion) and total liabilities (฿397.47 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 | ฿2.73 Billion |
| % of Total Assets | 87.27% |
| Annual Growth Rate | 3.36% |
| 5-Year Change | 36.53% |
| 10-Year Change | 52.46% |
| Growth Volatility | 9.09 |
Quality Construction Products Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Quality Construction Products 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 Quality Construction Products Public Company Limited (2003–2025)
The table below shows the annual net assets of Quality Construction Products Public Company Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.73 Billion | -0.59% |
| 2024-12-31 | ฿2.74 Billion | +3.62% |
| 2023-12-31 | ฿2.65 Billion | +21.31% |
| 2022-12-31 | ฿2.18 Billion | +9.26% |
| 2021-12-31 | ฿2.00 Billion | -2.13% |
| 2020-12-31 | ฿2.04 Billion | +1.85% |
| 2019-12-31 | ฿2.00 Billion | +8.17% |
| 2018-12-31 | ฿1.85 Billion | +3.24% |
| 2017-12-31 | ฿1.79 Billion | +0.30% |
| 2016-12-31 | ฿1.79 Billion | -8.39% |
| 2015-12-31 | ฿1.95 Billion | -3.04% |
| 2014-12-31 | ฿2.01 Billion | +1.42% |
| 2013-12-31 | ฿1.98 Billion | +5.64% |
| 2012-12-31 | ฿1.88 Billion | +24.15% |
| 2011-12-31 | ฿1.51 Billion | +12.74% |
| 2010-12-31 | ฿1.34 Billion | +4.95% |
| 2009-12-31 | ฿1.28 Billion | +10.30% |
| 2008-12-31 | ฿1.16 Billion | -9.97% |
| 2007-12-31 | ฿1.29 Billion | -7.71% |
| 2006-12-31 | ฿1.40 Billion | -5.49% |
| 2005-12-31 | ฿1.48 Billion | -4.23% |
| 2004-12-31 | ฿1.54 Billion | +17.06% |
| 2003-12-31 | ฿1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Quality Construction Products 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 520.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.63 Billion | 59.87% |
| Other Components | ฿1.09 Billion | 40.13% |
| Total Equity | ฿2.73 Billion | 100.00% |
Quality Construction Products Public Company Limited Competitors by Market Cap
The table below lists competitors of Quality Construction Products Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CZR Resources Ltd
AU:CZR
|
$14.35 Million |
|
Ta Jiang Co Ltd
TW:1453
|
$14.35 Million |
|
Elastron S.A. - Steel Service Centers
AT:ELSTR
|
$14.35 Million |
|
WT Financial Group Ltd
AU:WTL
|
$14.36 Million |
|
Australis Oil & Gas Ltd
AU:ATS
|
$14.34 Million |
|
Nahar Poly Films Limited
NSE:NAHARPOLY
|
$14.34 Million |
|
ACMNF
PINK:ACMNF
|
$14.34 Million |
|
Kenongwo Group US Inc
PINK:KNGW
|
$14.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quality Construction Products Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,741,988,400 to 2,725,772,923, a change of -16,215,477 (-0.6%).
- Net income of 248,814,341 contributed positively to equity growth.
- Dividend payments of 260,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 40,000,000.
- Other factors increased equity by 34,970,182.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿248.81 Million | +9.13% |
| Dividends Paid | ฿260.00 Million | -9.54% |
| Other Comprehensive Income | ฿-40.00 Million | -1.47% |
| Other Changes | ฿34.97 Million | +1.28% |
| Total Change | ฿- | -0.59% |
Book Value vs Market Value Analysis
This analysis compares Quality Construction Products 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: 1.06x
- 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 2.19x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿3.29 | ฿7.20 | x |
| 2004-12-31 | ฿3.85 | ฿7.20 | x |
| 2005-12-31 | ฿3.69 | ฿7.20 | x |
| 2006-12-31 | ฿3.49 | ฿7.20 | x |
| 2007-12-31 | ฿3.22 | ฿7.20 | x |
| 2008-12-31 | ฿3.14 | ฿7.20 | x |
| 2009-12-31 | ฿3.20 | ฿7.20 | x |
| 2010-12-31 | ฿3.36 | ฿7.20 | x |
| 2011-12-31 | ฿3.78 | ฿7.20 | x |
| 2012-12-31 | ฿4.70 | ฿7.20 | x |
| 2013-12-31 | ฿4.96 | ฿7.20 | x |
| 2014-12-31 | ฿5.03 | ฿7.20 | x |
| 2015-12-31 | ฿4.88 | ฿7.20 | x |
| 2016-12-31 | ฿4.47 | ฿7.20 | x |
| 2017-12-31 | ฿4.48 | ฿7.20 | x |
| 2018-12-31 | ฿4.63 | ฿7.20 | x |
| 2019-12-31 | ฿5.02 | ฿7.20 | x |
| 2020-12-31 | ฿5.19 | ฿7.20 | x |
| 2021-12-31 | ฿5.00 | ฿7.20 | x |
| 2022-12-31 | ฿5.47 | ฿7.20 | x |
| 2023-12-31 | ฿6.61 | ฿7.20 | x |
| 2024-12-31 | ฿6.86 | ฿7.20 | x |
| 2025-12-31 | ฿6.81 | ฿7.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quality Construction Products 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): 9.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.26%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.15x
- Recent ROE (9.13%) is above the historical average (7.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 19.75% | 34.94% | 0.52x | 1.09x | ฿128.41 Million |
| 2004 | 19.77% | 33.72% | 0.40x | 1.45x | ฿150.56 Million |
| 2005 | 1.89% | 3.25% | 0.33x | 1.77x | ฿-119.69 Million |
| 2006 | -5.80% | -8.86% | 0.37x | 1.79x | ฿-220.55 Million |
| 2007 | -8.36% | -11.92% | 0.40x | 1.75x | ฿-236.41 Million |
| 2008 | -2.41% | -2.95% | 0.82x | 1.00x | ฿-156.09 Million |
| 2009 | 1.67% | 2.45% | 0.43x | 1.58x | ฿-106.51 Million |
| 2010 | 4.72% | 5.34% | 0.66x | 1.34x | ฿-70.86 Million |
| 2011 | 6.32% | 6.24% | 0.82x | 1.23x | ฿-55.76 Million |
| 2012 | 21.19% | 18.44% | 0.97x | 1.18x | ฿210.19 Million |
| 2013 | 11.79% | 10.33% | 0.94x | 1.21x | ฿35.51 Million |
| 2014 | 6.37% | 6.07% | 0.91x | 1.16x | ฿-73.01 Million |
| 2015 | 0.37% | 0.42% | 0.79x | 1.11x | ฿-187.94 Million |
| 2016 | -6.03% | -7.34% | 0.72x | 1.14x | ฿-286.53 Million |
| 2017 | 0.30% | 0.32% | 0.84x | 1.13x | ฿-173.87 Million |
| 2018 | 3.09% | 2.98% | 0.92x | 1.13x | ฿-127.87 Million |
| 2019 | 8.97% | 8.70% | 0.91x | 1.13x | ฿-20.58 Million |
| 2020 | 5.59% | 6.63% | 0.75x | 1.13x | ฿-89.97 Million |
| 2021 | 7.20% | 8.79% | 0.72x | 1.14x | ฿-55.99 Million |
| 2022 | 14.11% | 13.41% | 0.88x | 1.20x | ฿89.69 Million |
| 2023 | 28.91% | 24.07% | 1.02x | 1.18x | ฿500.49 Million |
| 2024 | 18.37% | 21.04% | 0.74x | 1.17x | ฿229.54 Million |
| 2025 | 9.13% | 13.26% | 0.60x | 1.15x | ฿-23.76 Million |
Industry Comparison
This section compares Quality Construction Products Public Company Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,122,395,702
- Average return on equity (ROE) among peers: -36.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quality Construction Products Public Company Limited (Q-CON) | ฿2.73 Billion | 19.75% | 0.15x | $14.34 Million |
| Twenty-Four Con & Supply PCL (24CS) | $124.96 Million | -351.65% | 1.59x | $11.43 Million |
| Arrow Syndicate Public Company Limited (ARROW) | $1.08 Billion | 17.68% | 0.18x | $12.34 Million |
| BuilderSmart Public Company Limited (BSM) | $652.45 Million | 3.82% | 1.92x | $1.19 Million |
| Dynasty Ceramic Public Company Limited (DCC) | $3.52 Billion | 27.64% | 1.48x | $134.42 Million |
| Diamond Building Products Public Company Limited (DRT) | $2.21 Billion | 24.65% | 0.65x | $41.69 Million |
| Origin Global Empire Public Company Limited (EMPIRE) | $564.00 Million | -7.99% | 0.34x | $2.46 Million |
| The Union Mosaic Industry Public Company Limited (UMI) | $378.61 Million | 0.00% | 5.91x | $7.76 Million |
| WIIK Public Company Limited (WIIK) | $443.79 Million | -9.73% | 1.47x | $19.48 Million |