QTC Energy Public Company Limited (QTC) - Net Assets
Based on the latest financial reports, QTC Energy Public Company Limited (QTC) has net assets worth ฿1.56 Billion THB (≈ $48.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.48 Billion ≈ $77.35 Million USD) and total liabilities (฿926.11 Million ≈ $28.87 Million USD). 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. Check tangible equity quality of QTC Energy Public Company Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.56 Billion |
| % of Total Assets | 62.68% |
| Annual Growth Rate | 13.88% |
| 5-Year Change | -9.85% |
| 10-Year Change | 106.56% |
| Growth Volatility | 27.3 |
QTC Energy Public Company Limited - Net Assets Trend (2010–2025)
This chart illustrates how QTC Energy Public Company Limited's net assets have evolved over time, based on quarterly financial data. See QTC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for QTC Energy Public Company Limited (2010–2025)
The table below shows the annual net assets of QTC Energy Public Company Limited from 2010 to 2025. For live valuation and market cap data, see market cap of QTC Energy Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.57 Billion ≈ $48.78 Million |
-3.63% |
| 2024-12-31 | ฿1.62 Billion ≈ $50.62 Million |
+2.65% |
| 2023-12-31 | ฿1.58 Billion ≈ $49.31 Million |
-0.08% |
| 2022-12-31 | ฿1.58 Billion ≈ $49.35 Million |
-8.80% |
| 2021-12-31 | ฿1.74 Billion ≈ $54.11 Million |
+2.59% |
| 2020-12-31 | ฿1.69 Billion ≈ $52.74 Million |
+3.26% |
| 2019-12-31 | ฿1.64 Billion ≈ $51.08 Million |
+13.68% |
| 2018-12-31 | ฿1.44 Billion ≈ $44.93 Million |
-0.03% |
| 2017-12-31 | ฿1.44 Billion ≈ $44.95 Million |
+90.33% |
| 2016-12-31 | ฿757.67 Million ≈ $23.62 Million |
+32.17% |
| 2015-12-31 | ฿573.26 Million ≈ $17.87 Million |
+17.44% |
| 2014-12-31 | ฿488.12 Million ≈ $15.21 Million |
+2.67% |
| 2013-12-31 | ฿475.42 Million ≈ $14.82 Million |
+3.15% |
| 2012-12-31 | ฿460.92 Million ≈ $14.37 Million |
+21.28% |
| 2011-12-31 | ฿380.03 Million ≈ $11.85 Million |
+70.59% |
| 2010-12-31 | ฿222.77 Million ≈ $6.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to QTC Energy 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 34.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿47.86 Million | 3.07% |
| Common Stock | ฿341.09 Million | 21.87% |
| Other Comprehensive Income | ฿34.11 Million | 2.19% |
| Other Components | ฿1.14 Billion | 72.87% |
| Total Equity | ฿1.56 Billion | 100.00% |
QTC Energy Public Company Limited Competitors by Market Cap
The table below lists competitors of QTC Energy Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Direct Line Insurance Group plc
LSE:DLG
|
$48.28 Million |
|
Waskita Beton Precast Tbk PT
JK:WSBP
|
$48.28 Million |
|
SK Innovation Co Ltd Pref
KO:096775
|
$48.29 Million |
|
Zaigle Co. Ltd
KQ:234920
|
$48.31 Million |
|
Humpuss Intermoda Transportasi
JK:HITS
|
$48.27 Million |
|
Hexza Corporation Bhd
KLSE:3298
|
$48.27 Million |
|
Avrot Industries Ltd
TA:AVRT
|
$48.26 Million |
|
Poh Huat Resources Holdings
KLSE:7088
|
$48.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QTC Energy Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,622,605,165 to 1,559,631,621, a change of -62,973,544 (-3.9%).
- Net income of 28,866,474 contributed positively to equity growth.
- Dividend payments of 85,064,028 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿28.87 Million | +1.85% |
| Dividends Paid | ฿85.06 Million | -5.45% |
| Other Changes | ฿-6.78 Million | -0.43% |
| Total Change | ฿- | -3.88% |
Book Value vs Market Value Analysis
This analysis compares QTC Energy 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.06x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿1.49 | ฿4.54 | x |
| 2011-12-31 | ฿2.21 | ฿4.54 | x |
| 2012-12-31 | ฿2.30 | ฿4.54 | x |
| 2013-12-31 | ฿2.38 | ฿4.54 | x |
| 2014-12-31 | ฿2.44 | ฿4.54 | x |
| 2015-12-31 | ฿2.85 | ฿4.54 | x |
| 2016-12-31 | ฿3.17 | ฿4.54 | x |
| 2017-12-31 | ฿4.85 | ฿4.54 | x |
| 2018-12-31 | ฿4.22 | ฿4.54 | x |
| 2019-12-31 | ฿4.80 | ฿4.54 | x |
| 2020-12-31 | ฿4.96 | ฿4.54 | x |
| 2021-12-31 | ฿5.09 | ฿4.54 | x |
| 2022-12-31 | ฿4.64 | ฿4.54 | x |
| 2023-12-31 | ฿4.64 | ฿4.54 | x |
| 2024-12-31 | ฿4.76 | ฿4.54 | x |
| 2025-12-31 | ฿4.57 | ฿4.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QTC Energy 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): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.82%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.51x
- Recent ROE (1.85%) is below the historical average (8.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 19.65% | 8.40% | 1.46x | 1.60x | ฿21.49 Million |
| 2011 | 22.12% | 11.77% | 1.25x | 1.50x | ฿46.06 Million |
| 2012 | 25.79% | 12.39% | 1.22x | 1.71x | ฿72.79 Million |
| 2013 | 15.67% | 9.27% | 1.09x | 1.55x | ฿26.97 Million |
| 2014 | 11.33% | 7.27% | 1.07x | 1.46x | ฿6.48 Million |
| 2015 | 20.83% | 9.67% | 1.15x | 1.87x | ฿61.78 Million |
| 2016 | -10.67% | -15.16% | 0.44x | 1.62x | ฿-156.00 Million |
| 2017 | -17.17% | -27.42% | 0.44x | 1.42x | ฿-391.13 Million |
| 2018 | 0.02% | 0.04% | 0.50x | 1.33x | ฿-143.61 Million |
| 2019 | 12.13% | 20.58% | 0.52x | 1.13x | ฿34.93 Million |
| 2020 | 9.32% | 15.45% | 0.53x | 1.14x | ฿-11.50 Million |
| 2021 | 7.33% | 10.85% | 0.59x | 1.14x | ฿-46.38 Million |
| 2022 | 1.00% | 1.30% | 0.66x | 1.17x | ฿-142.49 Million |
| 2023 | 4.23% | 5.00% | 0.72x | 1.18x | ฿-91.32 Million |
| 2024 | 6.98% | 7.48% | 0.76x | 1.23x | ฿-48.97 Million |
| 2025 | 1.85% | 1.82% | 0.67x | 1.51x | ฿-127.10 Million |
Industry Comparison
This section compares QTC Energy Public Company Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,553,887,448
- Average return on equity (ROE) among peers: 4.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QTC Energy Public Company Limited (QTC) | ฿1.56 Billion | 19.65% | 0.60x | $48.27 Million |
| Asian Insulators PCL (AI) | $3.07 Billion | 7.68% | 0.17x | $62.84 Million |
| Ekarat Engineering Public Company Limited (AKR) | $1.28 Billion | 7.02% | 0.62x | $41.75 Million |
| Asefa Public Company Limited (ASEFA) | $1.55 Billion | 9.24% | 0.38x | $94.25 Million |
| C.I. Group Public Company Limited (CIG) | $493.14 Million | -40.27% | 1.07x | $3.49 Million |
| Cpt Drives & Power Pcl (CPT) | $992.20 Million | 1.46% | 0.33x | $28.33 Million |
| Charoong Thai Wire and Cable Public Company Limited (CTW) | $4.00 Billion | 2.68% | 0.51x | $88.68 Million |
| Delta Electronics (Thailand) Public Company Limited (DELTA) | $27.60 Billion | 21.60% | 0.39x | $134.91 Billion |
| SCI Electric Public Company Limited (SCI) | $1.91 Billion | 1.07% | 0.74x | $22.21 Million |
| Teera-Mongkol Industry Public Company Limited (TMI) | $89.62 Million | 26.37% | 1.21x | $10.25 Million |
About QTC Energy Public Company Limited
QTC Energy Public Company Limited, together with its subsidiaries, engages in the manufacture, sale, and distribution of electric transformers in Thailand and internationally. The company offers oil and dry type, and super low loss transformer products; EV chargers and accessories; and solar products, such as inverters, mono-facia, bi-facial, cables and connectors, and accessories. It also provid… Read more