Successmore Being Public Company Limited
Successmore Being Public Company Limited, together with its subsidiaries, distributes consumer products using multi-level marketing in Thailand and internationally. The company operates through four segments: Multi-Level Marketing; Distributor Sales; Rendering Services; and Providing Hire-Purchase Services segments. It is involved in the research, development, manufacture, and distribution of sup… Read more
Successmore Being Public Company Limited (SCM) - Net Assets
Latest net assets as of September 2025: ฿519.01 Million THB
Based on the latest financial reports, Successmore Being Public Company Limited (SCM) has net assets worth ฿519.01 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿619.75 Million) and total liabilities (฿100.74 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿519.01 Million |
| % of Total Assets | 83.75% |
| Annual Growth Rate | 35.46% |
| 5-Year Change | -5.49% |
| 10-Year Change | N/A |
| Growth Volatility | 70.67 |
Successmore Being Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how Successmore Being Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Successmore Being Public Company Limited (2015–2024)
The table below shows the annual net assets of Successmore Being Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿623.67 Million | -11.36% |
| 2023-12-31 | ฿703.62 Million | -8.08% |
| 2022-12-31 | ฿765.44 Million | -3.18% |
| 2021-12-31 | ฿790.59 Million | +19.81% |
| 2020-12-31 | ฿659.88 Million | +139.14% |
| 2019-12-31 | ฿275.94 Million | +16.74% |
| 2018-12-31 | ฿236.38 Million | +22.03% |
| 2017-12-31 | ฿193.71 Million | +205.60% |
| 2016-12-31 | ฿63.39 Million | +56.21% |
| 2015-12-31 | ฿40.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Successmore Being 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 602.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿553.06 Million | 100.53% |
| Total Equity | ฿550.16 Million | 100.00% |
Successmore Being Public Company Limited Competitors by Market Cap
The table below lists competitors of Successmore Being Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orangekloud Technology Inc. Class A Ordinary Shares
NASDAQ:ORKT
|
$1.45 Million |
|
Western Pacific Trust Company
V:WP
|
$1.45 Million |
|
AmmPower Corp
OTCQB:AMMPF
|
$1.45 Million |
|
RICHEMONT N
MU:RITN
|
$1.45 Million |
|
SWISS RE N - Dusseldorf Stock Exchang
DU:SR9
|
$1.45 Million |
|
Emgold Mining Corporation
OTCQB:EGMCF
|
$1.45 Million |
|
Quizam Media Corporation
OTCQB:QQQFF
|
$1.45 Million |
|
TRIGANO (TGO.SG)
STU:TGO
|
$1.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Successmore Being Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 619,567,257 to 550,162,336, a change of -69,404,921 (-11.2%).
- Net income of 472,850 contributed positively to equity growth.
- Dividend payments of 68,664,029 reduced retained earnings.
- Share repurchases of 12,022,379 reduced equity.
- Other comprehensive income decreased equity by 60,884,592.
- Other factors increased equity by 71,693,229.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿472.85K | +0.09% |
| Dividends Paid | ฿68.66 Million | -12.48% |
| Share Repurchases | ฿12.02 Million | -2.19% |
| Other Comprehensive Income | ฿-60.88 Million | -11.07% |
| Other Changes | ฿71.69 Million | +13.03% |
| Total Change | ฿- | -11.20% |
Book Value vs Market Value Analysis
This analysis compares Successmore Being 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: 0.14x
- 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 1.92x to 0.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.07 | ฿0.13 | x |
| 2016-12-31 | ฿0.11 | ฿0.13 | x |
| 2017-12-31 | ฿0.32 | ฿0.13 | x |
| 2018-12-31 | ฿0.39 | ฿0.13 | x |
| 2019-12-31 | ฿0.46 | ฿0.13 | x |
| 2020-12-31 | ฿1.13 | ฿0.13 | x |
| 2021-12-31 | ฿1.16 | ฿0.13 | x |
| 2022-12-31 | ฿1.12 | ฿0.13 | x |
| 2023-12-31 | ฿0.95 | ฿0.13 | x |
| 2024-12-31 | ฿0.92 | ฿0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Successmore Being 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): 0.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.07%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.36x
- Recent ROE (0.09%) is below the historical average (34.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 41.51% | 1.73% | 5.12x | 4.69x | ฿12.78 Million |
| 2016 | 127.84% | 5.70% | 5.36x | 4.19x | ฿74.69 Million |
| 2017 | 44.05% | 5.93% | 3.65x | 2.04x | ฿65.95 Million |
| 2018 | 29.90% | 5.27% | 3.21x | 1.76x | ฿47.05 Million |
| 2019 | 21.40% | 5.60% | 2.74x | 1.40x | ฿31.45 Million |
| 2020 | 11.35% | 6.46% | 1.12x | 1.57x | ฿7.61 Million |
| 2021 | 31.37% | 18.01% | 1.15x | 1.51x | ฿148.25 Million |
| 2022 | 24.96% | 14.90% | 1.14x | 1.47x | ฿100.32 Million |
| 2023 | 13.91% | 9.36% | 1.03x | 1.44x | ฿24.21 Million |
| 2024 | 0.09% | 0.07% | 0.86x | 1.36x | ฿-54.54 Million |
Industry Comparison
This section compares Successmore Being Public Company Limited's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $657,741,238
- Average return on equity (ROE) among peers: 35.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Successmore Being Public Company Limited (SCM) | ฿519.01 Million | 41.51% | 0.19x | $1.45 Million |
| 88(Thailand) Public Company Limited (88TH) | $221.11 Million | 25.22% | 0.28x | $15.31 Million |
| Asian Phytoceuticals Public Company Limited (APCO) | $610.51 Million | 13.25% | 0.11x | $16.52 Million |
| Bangkok Lab & Cosmetic PCL (BLC) | $281.51 Million | 44.66% | 3.31x | $12.24 Million |
| Do Day Dream Public Company Limited (DDD) | $374.95 Million | 87.48% | 1.07x | $16.05 Million |
| Jack Chia Industries (Thailand) Public Company Limited (JCT) | $1.31 Billion | 6.77% | 0.23x | $6.30 Million |
| Karmarts Public Company Limited (KAMART) | $107.26 Million | 73.53% | 13.45x | $183.04 Million |
| Rojukiss International Public Company Limited (KISS) | $1.09 Billion | 12.03% | 0.29x | $24.62 Million |
| Moong Pattana International Public Company Limited (MOONG) | $736.89 Million | 17.52% | 0.30x | $6.29 Million |
| Neo Corporate Pcl (NEO) | $1.57 Billion | 52.93% | 3.65x | $52.82 Million |
| Nutrition Profess Public Company Limited (NUT) | $279.67 Million | 19.72% | 0.77x | $1.15K |