The Siam Cement Public Company Limited (SCC) - Net Assets
Based on the latest financial reports, The Siam Cement Public Company Limited (SCC) has net assets worth ฿411.09 Billion THB (≈ $12.81 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 (฿837.00 Billion ≈ $26.09 Billion USD) and total liabilities (฿425.91 Billion ≈ $13.28 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 asset resilience ratio of The Siam Cement Public Company Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿411.09 Billion |
| % of Total Assets | 49.12% |
| Annual Growth Rate | 8.1% |
| 5-Year Change | 5.97% |
| 10-Year Change | 72.75% |
| Growth Volatility | 38.61 |
The Siam Cement Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how The Siam Cement Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore The Siam Cement Public Company Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for The Siam Cement Public Company Limited (2000–2024)
The table below shows the annual net assets of The Siam Cement Public Company Limited from 2000 to 2024. For live valuation and market cap data, see SCC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿419.78 Billion ≈ $13.08 Billion |
-4.94% |
| 2023-12-31 | ฿441.60 Billion ≈ $13.76 Billion |
-2.39% |
| 2022-12-31 | ฿452.42 Billion ≈ $14.10 Billion |
+0.54% |
| 2021-12-31 | ฿450.01 Billion ≈ $14.03 Billion |
+13.60% |
| 2020-12-31 | ฿396.13 Billion ≈ $12.35 Billion |
+20.86% |
| 2019-12-31 | ฿327.74 Billion ≈ $10.22 Billion |
+3.11% |
| 2018-12-31 | ฿317.87 Billion ≈ $9.91 Billion |
+5.32% |
| 2017-12-31 | ฿301.82 Billion ≈ $9.41 Billion |
+7.18% |
| 2016-12-31 | ฿281.62 Billion ≈ $8.78 Billion |
+15.89% |
| 2015-12-31 | ฿243.01 Billion ≈ $7.57 Billion |
+16.09% |
| 2014-12-31 | ฿209.32 Billion ≈ $6.52 Billion |
+11.92% |
| 2013-12-31 | ฿187.02 Billion ≈ $5.83 Billion |
+16.07% |
| 2012-12-31 | ฿161.12 Billion ≈ $5.02 Billion |
-1.13% |
| 2011-12-31 | ฿162.97 Billion ≈ $5.08 Billion |
+2.13% |
| 2010-12-31 | ฿159.57 Billion ≈ $4.97 Billion |
+21.42% |
| 2009-12-31 | ฿131.42 Billion ≈ $4.10 Billion |
-40.94% |
| 2008-12-31 | ฿222.51 Billion ≈ $6.94 Billion |
+21.03% |
| 2007-12-31 | ฿183.85 Billion ≈ $5.73 Billion |
+10.39% |
| 2006-12-31 | ฿166.54 Billion ≈ $5.19 Billion |
+22.03% |
| 2005-12-31 | ฿136.47 Billion ≈ $4.25 Billion |
-37.11% |
| 2004-12-31 | ฿216.99 Billion ≈ $6.76 Billion |
+13.54% |
| 2003-12-31 | ฿191.12 Billion ≈ $5.96 Billion |
+2.52% |
| 2002-12-31 | ฿186.43 Billion ≈ $5.81 Billion |
+182.11% |
| 2001-12-31 | ฿66.08 Billion ≈ $2.06 Billion |
+2.05% |
| 2000-12-31 | ฿64.76 Billion ≈ $2.02 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to The Siam Cement 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 37181899800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿371.82 Billion | 105.36% |
| Common Stock | ฿1.20 Billion | 0.34% |
| Other Comprehensive Income | ฿-5.59 Billion | -1.58% |
| Total Equity | ฿352.89 Billion | 100.00% |
The Siam Cement Public Company Limited Competitors by Market Cap
The table below lists competitors of The Siam Cement Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinotruk (Hong Kong) Limited
F:4SK
|
$8.99 Billion |
|
BlueFocus Communication Group
SHE:300058
|
$8.99 Billion |
|
Macronix International Co Ltd
TW:2337
|
$8.99 Billion |
|
Huizhou Desay SV Automotive Co Ltd Class A
SHE:002920
|
$9.00 Billion |
|
Beijing Kunlun Tech Co Ltd
SHE:300418
|
$8.98 Billion |
|
Generac Holdings Inc
NYSE:GNRC
|
$8.97 Billion |
|
Sibanye Gold Ltd ADR
NYSE:SBSW
|
$8.96 Billion |
|
CATHAY PAC.AIRW.HD-20ADR5
F:CTYA
|
$8.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Siam Cement Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 363,961,759,000 to 352,887,333,000, a change of -11,074,426,000 (-3.0%).
- Net income of 6,341,638,000 contributed positively to equity growth.
- Dividend payments of 7,199,139,000 reduced retained earnings.
- Other comprehensive income decreased equity by 17,967,062,000.
- Other factors increased equity by 7,750,137,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿6.34 Billion | +1.8% |
| Dividends Paid | ฿7.20 Billion | -2.04% |
| Other Comprehensive Income | ฿-17.97 Billion | -5.09% |
| Other Changes | ฿7.75 Billion | +2.2% |
| Total Change | ฿- | -3.04% |
Book Value vs Market Value Analysis
This analysis compares The Siam Cement 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: 0.82x
- 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 3.81x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | ฿63.02 | ฿240.00 | x |
| 2003-12-31 | ฿87.48 | ฿240.00 | x |
| 2004-12-31 | ฿107.61 | ฿240.00 | x |
| 2005-12-31 | ฿53.29 | ฿240.00 | x |
| 2006-12-31 | ฿62.52 | ฿240.00 | x |
| 2007-12-31 | ฿71.78 | ฿240.00 | x |
| 2008-12-31 | ฿72.68 | ฿240.00 | x |
| 2009-12-31 | ฿87.09 | ฿240.00 | x |
| 2010-12-31 | ฿110.93 | ฿240.00 | x |
| 2011-12-31 | ฿116.83 | ฿240.00 | x |
| 2012-12-31 | ฿119.32 | ฿240.00 | x |
| 2013-12-31 | ฿134.83 | ฿240.00 | x |
| 2014-12-31 | ฿147.74 | ฿240.00 | x |
| 2015-12-31 | ฿171.80 | ฿240.00 | x |
| 2016-12-31 | ฿200.02 | ฿240.00 | x |
| 2017-12-31 | ฿217.58 | ฿240.00 | x |
| 2018-12-31 | ฿230.91 | ฿240.00 | x |
| 2019-12-31 | ฿233.51 | ฿240.00 | x |
| 2020-12-31 | ฿267.48 | ฿240.00 | x |
| 2021-12-31 | ฿304.74 | ฿240.00 | x |
| 2022-12-31 | ฿311.88 | ฿240.00 | x |
| 2023-12-31 | ฿303.30 | ฿240.00 | x |
| 2024-12-31 | ฿293.81 | ฿240.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Siam Cement 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): 1.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.24%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.44x
- Recent ROE (1.80%) is below the historical average (19.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.50% | 1.50% | 0.48x | 4.81x | ฿-3.52 Billion |
| 2001 | 13.32% | 6.34% | 0.51x | 4.12x | ฿1.90 Billion |
| 2002 | 19.31% | 11.39% | 0.54x | 3.12x | ฿7.04 Billion |
| 2003 | 19.01% | 13.40% | 0.60x | 2.38x | ฿9.46 Billion |
| 2004 | 28.25% | 18.96% | 0.72x | 2.06x | ฿23.57 Billion |
| 2005 | 50.41% | 14.77% | 1.09x | 3.12x | ฿25.84 Billion |
| 2006 | 39.26% | 11.41% | 1.16x | 2.96x | ฿21.95 Billion |
| 2007 | 35.24% | 11.34% | 1.08x | 2.88x | ฿21.74 Billion |
| 2008 | 19.23% | 5.72% | 1.03x | 3.28x | ฿8.05 Billion |
| 2009 | 23.29% | 10.20% | 0.76x | 3.02x | ฿13.89 Billion |
| 2010 | 28.08% | 12.41% | 0.84x | 2.70x | ฿24.07 Billion |
| 2011 | 19.46% | 7.40% | 0.98x | 2.67x | ฿13.26 Billion |
| 2012 | 16.47% | 5.79% | 1.03x | 2.76x | ฿9.26 Billion |
| 2013 | 22.57% | 8.41% | 0.99x | 2.72x | ฿20.34 Billion |
| 2014 | 18.96% | 6.89% | 1.05x | 2.63x | ฿15.89 Billion |
| 2015 | 22.02% | 10.33% | 0.86x | 2.47x | ฿24.78 Billion |
| 2016 | 23.37% | 13.24% | 0.78x | 2.25x | ฿32.08 Billion |
| 2017 | 21.08% | 12.21% | 0.79x | 2.20x | ฿28.93 Billion |
| 2018 | 16.15% | 9.35% | 0.81x | 2.13x | ฿17.04 Billion |
| 2019 | 11.42% | 7.31% | 0.69x | 2.27x | ฿3.99 Billion |
| 2020 | 10.64% | 8.54% | 0.53x | 2.33x | ฿2.05 Billion |
| 2021 | 12.90% | 8.90% | 0.62x | 2.35x | ฿10.60 Billion |
| 2022 | 5.71% | 3.75% | 0.63x | 2.42x | ฿-16.04 Billion |
| 2023 | 7.12% | 5.19% | 0.56x | 2.46x | ฿-10.48 Billion |
| 2024 | 1.80% | 1.24% | 0.59x | 2.44x | ฿-28.95 Billion |
Industry Comparison
This section compares The Siam Cement Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $8,331,826,484
- Average return on equity (ROE) among peers: 3.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Siam Cement Public Company Limited (SCC) | ฿411.09 Billion | 3.50% | 1.04x | $8.98 Billion |
| Advanced Connection Corporation Public Company Limited (ACC) | $525.99 Million | -14.49% | 0.74x | $26.37 Million |
| Berli Jucker PCL (BJC) | $11.37 Billion | 11.10% | 1.03x | $1.76 Billion |
| Eastern Technical Engineering Public Company Limited (ETE) | $827.00 Million | 3.46% | 1.65x | $10.47 Million |
| Forth Corporation Public Company Limited (FORTH) | $2.63 Billion | 13.91% | 1.61x | $269.68 Million |
| Loxley Public Company Limited (LOXLEY) | $6.41 Billion | 5.50% | 1.15x | $91.78 Million |
| MBK Public Company Limited (MBK) | $10.46 Billion | 13.39% | 1.02x | $740.55 Million |
| MBK Public Company Limited (MBK-R) | $20.35 Billion | 10.09% | 1.09x | $775.40 Million |
| Siamraj Public Company Limited (SR) | $692.17 Million | -17.03% | 2.42x | $6.33 Million |
| Saha-Union Public Company Limited (SUC) | $21.71 Billion | 6.19% | 0.18x | $252.47 Million |
About The Siam Cement Public Company Limited
The Siam Cement Public Company Limited, together with its subsidiaries, operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally. It operates through SCG Cement and Green Solutions; SCG Smart Living and SCG Distribution and Retail; SCG Decor; SCG Chemicals; SCGP; and Other segments. The SCG Cement and Green Solutions segment produces cemen… Read more