Srisawad Power 1979 PCL (SAWAD) - Net Assets
Based on the latest financial reports, Srisawad Power 1979 PCL (SAWAD) has net assets worth ฿42.29 Billion THB (≈ $1.32 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿106.84 Billion ≈ $3.33 Billion USD) and total liabilities (฿64.55 Billion ≈ $2.01 Billion 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 how strategically is Srisawad Power 1979 PCL's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿42.29 Billion |
| % of Total Assets | 39.58% |
| Annual Growth Rate | 37.88% |
| 5-Year Change | 51.1% |
| 10-Year Change | 494.39% |
| Growth Volatility | 49.41 |
Srisawad Power 1979 PCL - Net Assets Trend (2011–2025)
This chart illustrates how Srisawad Power 1979 PCL's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SAWAD market cap.
Annual Net Assets for Srisawad Power 1979 PCL (2011–2025)
The table below shows the annual net assets of Srisawad Power 1979 PCL from 2011 to 2025. Also explore Srisawad Power 1979 PCL (SAWAD) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿40.76 Billion ≈ $1.27 Billion |
+12.28% |
| 2024-12-31 | ฿36.30 Billion ≈ $1.13 Billion |
+16.37% |
| 2023-12-31 | ฿31.20 Billion ≈ $972.37 Million |
+7.56% |
| 2022-12-31 | ฿29.00 Billion ≈ $904.05 Million |
+7.52% |
| 2021-12-31 | ฿26.98 Billion ≈ $840.80 Million |
+12.07% |
| 2020-12-31 | ฿24.07 Billion ≈ $750.24 Million |
+19.21% |
| 2019-12-31 | ฿20.19 Billion ≈ $629.36 Million |
+48.16% |
| 2018-12-31 | ฿13.63 Billion ≈ $424.78 Million |
+21.96% |
| 2017-12-31 | ฿11.17 Billion ≈ $348.30 Million |
+62.96% |
| 2016-12-31 | ฿6.86 Billion ≈ $213.73 Million |
+43.70% |
| 2015-12-31 | ฿4.77 Billion ≈ $148.73 Million |
+39.03% |
| 2014-12-31 | ฿3.43 Billion ≈ $106.98 Million |
+203.56% |
| 2013-12-31 | ฿1.13 Billion ≈ $35.24 Million |
+84.99% |
| 2012-12-31 | ฿611.17 Million ≈ $19.05 Million |
+34.64% |
| 2011-12-31 | ฿453.92 Million ≈ $14.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Srisawad Power 1979 PCL'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 12080.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿30.93 Billion | 82.58% |
| Common Stock | ฿1.66 Billion | 4.44% |
| Other Comprehensive Income | ฿173.08 Million | 0.46% |
| Other Components | ฿4.69 Billion | 12.52% |
| Total Equity | ฿37.45 Billion | 100.00% |
Srisawad Power 1979 PCL Competitors by Market Cap
The table below lists competitors of Srisawad Power 1979 PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zimplats Holdings Ltd
AU:ZIM
|
$1.17 Billion |
|
Daou Tech
KO:023590
|
$1.17 Billion |
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd A
SHG:600639
|
$1.17 Billion |
|
Gentherm Inc
NASDAQ:THRM
|
$1.17 Billion |
|
Donnelley Financial Solutions Inc
NYSE:DFIN
|
$1.16 Billion |
|
Cinda Real Estate Co Ltd
SHG:600657
|
$1.16 Billion |
|
FERRETTI S.P.A. O.N.
F:F3T1
|
$1.16 Billion |
|
Ls Cable & System Asia Ltd
KO:229640
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Srisawad Power 1979 PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,136,817,000 to 37,454,157,000, a change of 4,317,340,000 (13.0%).
- Net income of 5,021,126,000 contributed positively to equity growth.
- Dividend payments of 642,133,000 reduced retained earnings.
- Other comprehensive income increased equity by 15,736,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿5.02 Billion | +13.41% |
| Dividends Paid | ฿642.13 Million | -1.71% |
| Other Comprehensive Income | ฿15.74 Million | +0.04% |
| Other Changes | ฿-77.39 Million | -0.21% |
| Total Change | ฿- | 13.03% |
Book Value vs Market Value Analysis
This analysis compares Srisawad Power 1979 PCL'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: 1.00x
- 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 33.80x to 1.00x 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 | ฿0.67 | ฿22.50 | x |
| 2013-12-31 | ฿1.23 | ฿22.50 | x |
| 2014-12-31 | ฿2.67 | ฿22.50 | x |
| 2015-12-31 | ฿3.77 | ฿22.50 | x |
| 2016-12-31 | ฿5.20 | ฿22.50 | x |
| 2017-12-31 | ฿7.47 | ฿22.50 | x |
| 2018-12-31 | ฿9.40 | ฿22.50 | x |
| 2019-12-31 | ฿13.94 | ฿22.50 | x |
| 2020-12-31 | ฿16.27 | ฿22.50 | x |
| 2021-12-31 | ฿17.99 | ฿22.50 | x |
| 2022-12-31 | ฿18.69 | ฿22.50 | x |
| 2023-12-31 | ฿18.65 | ฿22.50 | x |
| 2024-12-31 | ฿21.94 | ฿22.50 | x |
| 2025-12-31 | ฿22.54 | ฿22.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Srisawad Power 1979 PCL 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): 13.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.02%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.87x
- Recent ROE (13.41%) is below the historical average (26.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 66.28% | 38.71% | 0.23x | 7.37x | ฿343.94 Million |
| 2013 | 50.90% | 37.19% | 0.26x | 5.35x | ฿462.37 Million |
| 2014 | 24.90% | 33.88% | 0.29x | 2.50x | ฿511.48 Million |
| 2015 | 28.04% | 36.98% | 0.26x | 2.86x | ฿859.53 Million |
| 2016 | 29.30% | 38.84% | 0.23x | 3.25x | ฿1.32 Billion |
| 2017 | 28.29% | 39.14% | 0.20x | 3.54x | ฿1.72 Billion |
| 2018 | 23.34% | 35.13% | 0.20x | 3.31x | ฿1.58 Billion |
| 2019 | 20.43% | 38.36% | 0.22x | 2.47x | ฿1.92 Billion |
| 2020 | 20.41% | 41.01% | 0.21x | 2.35x | ฿2.30 Billion |
| 2021 | 19.12% | 46.16% | 0.20x | 2.02x | ฿2.25 Billion |
| 2022 | 17.44% | 36.46% | 0.18x | 2.71x | ฿1.91 Billion |
| 2023 | 17.75% | 28.55% | 0.16x | 3.96x | ฿2.18 Billion |
| 2024 | 15.25% | 26.52% | 0.18x | 3.26x | ฿1.74 Billion |
| 2025 | 13.41% | 26.02% | 0.18x | 2.87x | ฿1.28 Billion |
Industry Comparison
This section compares Srisawad Power 1979 PCL's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,297,792,772
- Average return on equity (ROE) among peers: 15.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Srisawad Power 1979 PCL (SAWAD) | ฿42.29 Billion | 66.28% | 1.53x | $1.17 Billion |
| ASIA Capital Group Public Company Limited (ACAP) | $733.67 Million | -14.66% | 0.08x | $4.18 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $2.53 Billion | 31.04% | 6.49x | $750.07 Million |
| AIRA Factoring Public Company Limited (AF) | $97.67 Million | 11.36% | 6.40x | $20.95 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.55 Billion | 18.78% | 1.43x | $27.31 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $606.70 Million | 22.69% | 8.94x | $219.37 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $465.69 Million | 6.39% | 1.20x | $29.03 Million |
| G Capital Public Company Limited (GCAP) | $128.58 Million | 25.38% | 4.73x | $4.05 Million |
| IFS Capital (Thailand) Public Company Limited (IFS) | $799.43 Million | 10.61% | 1.63x | $28.15 Million |
| JMT Network Services Public Company Limited (JMT) | $120.57 Million | 34.24% | 1.34x | $468.64 Million |
| Krungthai Card PCL (KTC) | $5.95 Billion | 8.75% | 6.72x | $2.95 Billion |
About Srisawad Power 1979 PCL
Srisawad Corporation Public Company Limited, together with its subsidiaries, provides financial services in Thailand and internationally. It operates through Hire Purchase; Loan; and Asset Management segment. The company provides loan granting, non-performing assets management, PICO finance loan, and credit sales services; and management and consulting services for retail credit systems. It also … Read more