Sappe Public Company Limited (SAPPE) - Net Assets

Latest as of September 2025: ฿4.39 Billion THB ≈ $136.93 Million USD

Based on the latest financial reports, Sappe Public Company Limited (SAPPE) has net assets worth ฿4.39 Billion THB (≈ $136.93 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.49 Billion ≈ $171.12 Million USD) and total liabilities (฿1.10 Billion ≈ $34.18 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 Sappe Public Company Limited (SAPPE) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.39 Billion
% of Total Assets	80.02%
Annual Growth Rate	22.81%
5-Year Change	56.31%
10-Year Change	155.26%
Growth Volatility	75.29

Sappe Public Company Limited - Net Assets Trend (2012–2024)

This chart illustrates how Sappe Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Sappe Public Company Limited balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Sappe Public Company Limited (2012–2024)

The table below shows the annual net assets of Sappe Public Company Limited from 2012 to 2024. For live valuation and market cap data, see Sappe Public Company Limited stock valuation.

Year	Net Assets	Change
2024-12-31	฿4.49 Billion ≈ $139.98 Million	+15.27%
2023-12-31	฿3.90 Billion ≈ $121.43 Million	+15.95%
2022-12-31	฿3.36 Billion ≈ $104.73 Million	+11.76%
2021-12-31	฿3.01 Billion ≈ $93.71 Million	+4.64%
2020-12-31	฿2.87 Billion ≈ $89.55 Million	+4.71%
2019-12-31	฿2.74 Billion ≈ $85.52 Million	+13.21%
2018-12-31	฿2.42 Billion ≈ $75.54 Million	+7.60%
2017-12-31	฿2.25 Billion ≈ $70.21 Million	+12.59%
2016-12-31	฿2.00 Billion ≈ $62.35 Million	+13.71%
2015-12-31	฿1.76 Billion ≈ $54.84 Million	+13.00%
2014-12-31	฿1.56 Billion ≈ $48.53 Million	+282.88%
2013-12-31	฿406.62 Million ≈ $12.67 Million	+6.58%
2012-12-31	฿381.52 Million ≈ $11.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sappe 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 1792.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿2.94 Billion	67.02%
Common Stock	฿308.29 Million	7.02%
Other Comprehensive Income	฿72.90 Million	1.66%
Other Components	฿1.07 Billion	24.30%
Total Equity	฿4.39 Billion	100.00%

Sappe Public Company Limited Competitors by Market Cap

The table below lists competitors of Sappe Public Company Limited ranked by their market capitalization.

Company	Market Cap
Jantsa Jant Sanayi ve Ticaret AS IS:JANTS	$280.64 Million
Quad Graphics Inc NYSE:QUAD	$280.64 Million
Infinity Natural Resources, Inc. NYSE:INR	$280.66 Million
Oak Valley Bancorp NASDAQ:OVLY	$280.67 Million
Planigrupo LATAM S.A.B. de C.V MX:PLANI	$280.54 Million
Roman DBDR Acquisition Corp. II Unit NASDAQ:DRDBU	$280.53 Million
Sang-A Frontec Co.Ltd KQ:089980	$280.51 Million
Arad Investment & Industrial Development Ltd TA:ARAD	$280.42 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sappe Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,817,507,264 to 4,392,319,101, a change of 574,811,837 (15.1%).
Net income of 1,252,546,123 contributed positively to equity growth.
Dividend payments of 670,737,124 reduced retained earnings.
Share repurchases of 26,411,173 reduced equity.
Other comprehensive income increased equity by 69,017,276.
Other factors decreased equity by 49,603,265.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿1.25 Billion	+28.52%
Dividends Paid	฿670.74 Million	-15.27%
Share Repurchases	฿26.41 Million	-0.6%
Other Comprehensive Income	฿69.02 Million	+1.57%
Other Changes	฿-49.60 Million	-1.13%
Total Change	฿-	15.06%

Book Value vs Market Value Analysis

This analysis compares Sappe 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: 2.07x
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 17.46x to 2.07x 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	฿1.69	฿29.50	x
2013-12-31	฿1.81	฿29.50	x
2014-12-31	฿5.55	฿29.50	x
2015-12-31	฿5.65	฿29.50	x
2016-12-31	฿6.63	฿29.50	x
2017-12-31	฿7.44	฿29.50	x
2018-12-31	฿7.98	฿29.50	x
2019-12-31	฿8.70	฿29.50	x
2020-12-31	฿9.11	฿29.50	x
2021-12-31	฿9.50	฿29.50	x
2022-12-31	฿10.57	฿29.50	x
2023-12-31	฿12.38	฿29.50	x
2024-12-31	฿14.26	฿29.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sappe 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): 28.52%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.49%
• Asset Turnover: 1.14x
• Equity Multiplier: 1.35x
Recent ROE (28.52%) is above the historical average (20.56%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	17.77%	3.69%	1.57x	3.07x	฿29.55 Million
2013	35.08%	5.93%	1.80x	3.29x	฿102.23 Million
2014	24.32%	12.81%	1.35x	1.40x	฿212.42 Million
2015	17.62%	11.96%	1.11x	1.33x	฿130.00 Million
2016	20.46%	15.12%	1.11x	1.22x	฿209.78 Million
2017	17.77%	14.93%	0.97x	1.22x	฿175.41 Million
2018	14.48%	12.44%	0.97x	1.20x	฿108.71 Million
2019	15.23%	12.22%	0.97x	1.28x	฿138.34 Million
2020	13.72%	11.63%	0.90x	1.32x	฿103.00 Million
2021	14.14%	11.93%	0.89x	1.32x	฿120.25 Million
2022	20.05%	14.30%	1.00x	1.40x	฿327.37 Million
2023	28.14%	17.75%	1.07x	1.49x	฿692.45 Million
2024	28.52%	18.49%	1.14x	1.35x	฿813.31 Million

Industry Comparison

This section compares Sappe Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.

Industry Context

Industry: Beverages - Non-Alcoholic
Average net assets among peers: $5,638,811,562
Average return on equity (ROE) among peers: 15.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sappe Public Company Limited (SAPPE)	฿4.39 Billion	17.77%	0.25x	$280.54 Million
Carabao Group Public Company Limited (CBG)	$13.09 Billion	21.72%	0.40x	$1.26 Billion
Carabao Group Public Company Limited (CBG-R)	$7.10 Billion	20.98%	0.38x	$1.85 Billion
Haad Thip Public Company Limited (HTC)	$4.12 Billion	14.59%	0.77x	$187.91 Million
Ichitan Group Public Company Limited (ICHI)	$6.19 Billion	8.83%	0.15x	$514.60 Million
Ichitan Group Public Company Limited (ICHI-R)	$6.28 Billion	8.21%	0.18x	$498.39 Million
T.A.C. Consumer Public Company Limited (TACC)	$698.47 Million	23.21%	0.47x	$101.92 Million
Tipco Foods Public Company Limited (TIPCO)	$1.99 Billion	10.36%	1.35x	$92.51 Million

About Sappe Public Company Limited

BK:SAPPE Thailand Beverages - Non-Alcoholic

Market Cap

$280.54 Million

฿9.00 Billion THB

Market Cap Rank

#15268 Global

#170 in Thailand

Share Price

฿29.50

Change (1 day)

+0.00%

52-Week Range

฿28.00 - ฿39.25

All Time High

฿106.50