Srisawad Power 1979 PCL (SAWAD) - Net Assets

Latest as of September 2025: ฿39.38 Billion THB ≈ $1.23 Billion USD

Based on the latest financial reports, Srisawad Power 1979 PCL (SAWAD) has net assets worth ฿39.38 Billion THB (≈ $1.23 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿104.12 Billion ≈ $3.25 Billion USD) and total liabilities (฿64.74 Billion ≈ $2.02 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 Srisawad Power 1979 PCL (SAWAD) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿39.38 Billion
% of Total Assets	37.82%
Annual Growth Rate	40.07%
5-Year Change	50.82%
10-Year Change	660.77%
Growth Volatility	50.46

Srisawad Power 1979 PCL - Net Assets Trend (2011–2024)

This chart illustrates how Srisawad Power 1979 PCL's net assets have evolved over time, based on quarterly financial data. Also explore Srisawad Power 1979 PCL total assets for the complete picture of this company's asset base.

Annual Net Assets for Srisawad Power 1979 PCL (2011–2024)

The table below shows the annual net assets of Srisawad Power 1979 PCL from 2011 to 2024. For live valuation and market cap data, see SAWAD market cap.

Year	Net Assets	Change
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 10420.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿26.71 Billion	80.61%
Common Stock	฿1.51 Billion	4.56%
Other Comprehensive Income	฿157.34 Million	0.47%
Other Components	฿4.76 Billion	14.35%
Total Equity	฿33.14 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
Aju IB Investment Co. Ltd KQ:027360	$1.21 Billion
Zenas BioPharma, Inc. Common Stock NASDAQ:ZBIO	$1.21 Billion
Blacksky Technology Inc NYSE:BKSY	$1.21 Billion
Keystone Reit Ltd TA:KSTN	$1.21 Billion
Lions Gate Entertainment Corp NYSE:LGF-B	$1.21 Billion
Bega Cheese Ltd AU:BGA	$1.21 Billion
PROG Holdings Inc NYSE:PRG	$1.21 Billion
Bumi Resources Minerals Tbk JK:BRMS	$1.21 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 2023 to 2024, total equity changed from 28,176,808,000 to 33,136,817,000, a change of 4,960,009,000 (17.6%).
Net income of 5,051,974,000 contributed positively to equity growth.
Dividend payments of 15,796,000 reduced retained earnings.
Other comprehensive income increased equity by 20,651,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿5.05 Billion	+15.25%
Dividends Paid	฿15.80 Million	-0.05%
Other Comprehensive Income	฿20.65 Million	+0.06%
Other Changes	฿-96.82 Million	-0.29%
Total Change	฿-	17.60%

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: 1.06x
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 35.00x 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
2012-12-31	฿0.67	฿23.30	x
2013-12-31	฿1.23	฿23.30	x
2014-12-31	฿2.67	฿23.30	x
2015-12-31	฿3.77	฿23.30	x
2016-12-31	฿5.20	฿23.30	x
2017-12-31	฿7.47	฿23.30	x
2018-12-31	฿9.40	฿23.30	x
2019-12-31	฿13.94	฿23.30	x
2020-12-31	฿16.27	฿23.30	x
2021-12-31	฿17.99	฿23.30	x
2022-12-31	฿18.69	฿23.30	x
2023-12-31	฿18.65	฿23.30	x
2024-12-31	฿21.91	฿23.30	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): 15.25%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 31.84%
• Asset Turnover: 0.15x
• Equity Multiplier: 3.26x
Recent ROE (15.25%) is below the historical average (27.80%), 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%	37.09%	0.27x	2.50x	฿511.48 Million
2015	28.04%	40.32%	0.24x	2.86x	฿859.53 Million
2016	29.30%	42.26%	0.21x	3.25x	฿1.32 Billion
2017	28.29%	44.34%	0.18x	3.54x	฿1.72 Billion
2018	23.34%	38.66%	0.18x	3.31x	฿1.58 Billion
2019	20.43%	41.90%	0.20x	2.47x	฿1.92 Billion
2020	20.41%	44.68%	0.19x	2.35x	฿2.30 Billion
2021	19.12%	50.02%	0.19x	2.02x	฿2.25 Billion
2022	17.44%	39.22%	0.16x	2.71x	฿1.91 Billion
2023	17.75%	33.60%	0.13x	3.96x	฿2.18 Billion
2024	15.25%	31.84%	0.15x	3.26x	฿1.74 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: $4,789,498,042
Average return on equity (ROE) among peers: 8.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Srisawad Power 1979 PCL (SAWAD)	฿39.38 Billion	66.28%	1.64x	$1.21 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)	$3.21 Billion	30.55%	6.17x	$731.60 Million
AIRA Factoring Public Company Limited (AF)	$336.30 Million	13.09%	6.74x	$17.95 Million
Amanah Leasing Public Company Limited (AMANAH)	$1.81 Billion	-0.91%	1.39x	$23.62 Million
Asia Sermkij Leasing Public Company Limited (ASK)	$5.12 Billion	15.84%	6.08x	$198.53 Million
Eastern Commercial Leasing Public Company Limited (ECL)	$1.89 Billion	5.72%	1.63x	$29.03 Million
G Capital Public Company Limited (GCAP)	$305.01 Million	19.48%	2.47x	$4.05 Million
IFS Capital (Thailand) Public Company Limited (IFS)	$569.81 Million	12.51%	2.83x	$28.30 Million
JMT Network Services Public Company Limited (JMT)	$27.65 Billion	5.84%	0.47x	$445.89 Million
Krungthai Card PCL (KTC)	$6.27 Billion	-6.30%	6.95x	$2.35 Billion

About Srisawad Power 1979 PCL

BK:SAWAD Thailand Credit Services

Market Cap

$1.21 Billion

฿38.71 Billion THB

Market Cap Rank

#8313 Global

#59 in Thailand

Share Price

฿23.30

Change (1 day)

-2.10%

52-Week Range

฿14.90 - ฿31.50

All Time High

฿73.15