Southern Concrete Pile PCL
Southern Concrete Pile Public Company Limited manufactures, sells, installs, and services prestressed concrete products in Thailand. Its prestressed concrete products include prestressed concrete piles, prestressed concrete spun piles, prestressed concrete slaps, prestressed plank girders, and retaining prestressed concrete piles. The company also offers electricity concrete products, such as pre… Read more
Southern Concrete Pile PCL (SCP) - Net Assets
Latest net assets as of September 2025: ฿2.19 Billion THB
Based on the latest financial reports, Southern Concrete Pile PCL (SCP) has net assets worth ฿2.19 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.73 Billion) and total liabilities (฿542.78 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 | ฿2.19 Billion |
| % of Total Assets | 80.15% |
| Annual Growth Rate | 20.06% |
| 5-Year Change | 12.92% |
| 10-Year Change | 48.59% |
| Growth Volatility | 43.21 |
Southern Concrete Pile PCL - Net Assets Trend (2000–2024)
This chart illustrates how Southern Concrete Pile PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Southern Concrete Pile PCL (2000–2024)
The table below shows the annual net assets of Southern Concrete Pile PCL from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.34 Billion | +9.10% |
| 2023-12-31 | ฿2.15 Billion | +3.90% |
| 2022-12-31 | ฿2.06 Billion | -0.39% |
| 2021-12-31 | ฿2.07 Billion | 0.00% |
| 2020-12-31 | ฿2.07 Billion | +1.94% |
| 2019-12-31 | ฿2.03 Billion | +3.67% |
| 2018-12-31 | ฿1.96 Billion | +8.99% |
| 2017-12-31 | ฿1.80 Billion | +5.37% |
| 2016-12-31 | ฿1.71 Billion | +8.44% |
| 2015-12-31 | ฿1.58 Billion | +11.59% |
| 2014-12-31 | ฿1.41 Billion | +21.92% |
| 2013-12-31 | ฿1.16 Billion | +62.06% |
| 2012-12-31 | ฿714.34 Million | +49.20% |
| 2011-12-31 | ฿478.76 Million | +8.14% |
| 2010-12-31 | ฿442.74 Million | +17.38% |
| 2009-12-31 | ฿377.19 Million | +22.97% |
| 2008-12-31 | ฿306.73 Million | +5.35% |
| 2007-12-31 | ฿291.14 Million | +16.92% |
| 2006-12-31 | ฿249.02 Million | +31.33% |
| 2005-12-31 | ฿189.61 Million | +24.15% |
| 2004-12-31 | ฿152.72 Million | +37.88% |
| 2003-12-31 | ฿110.77 Million | +83.86% |
| 2002-12-31 | ฿60.25 Million | +201.50% |
| 2001-12-31 | ฿19.98 Million | -31.34% |
| 2000-12-31 | ฿29.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern Concrete Pile 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 204684851900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.05 Billion | 87.46% |
| Common Stock | ฿282.30 Million | 12.06% |
| Other Comprehensive Income | ฿30.00 Million | 1.28% |
| Total Equity | ฿2.34 Billion | 100.00% |
Southern Concrete Pile PCL Competitors by Market Cap
The table below lists competitors of Southern Concrete Pile PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ajinextek Co. Ltd
KQ:059120
|
$31.96 Million |
|
Cybertrust Japan Co., Ltd.
F:5U2
|
$31.97 Million |
|
Latécoère S.A.
PA:LAT
|
$31.97 Million |
|
Powerlong Real Estate Holdings Limited
F:PW5
|
$31.98 Million |
|
NEWTON RESOURCES LTD
F:8NW
|
$31.95 Million |
|
MPM Corpóreos S.A
SA:ESPA3
|
$31.94 Million |
|
Rockfields Property Indonesia Pt
JK:ROCK
|
$31.93 Million |
|
FNC ADD CULTURE. Co. Ltd
KQ:063440
|
$31.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Concrete Pile PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,145,029,810 to 2,340,328,675, a change of 195,298,865 (9.1%).
- Net income of 303,814,730 contributed positively to equity growth.
- Dividend payments of 98,804,685 reduced retained earnings.
- Other comprehensive income increased equity by 9,108,664.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿303.81 Million | +12.98% |
| Dividends Paid | ฿98.80 Million | -4.22% |
| Other Comprehensive Income | ฿9.11 Million | +0.39% |
| Other Changes | ฿-18.82 Million | -0.8% |
| Total Change | ฿- | 9.10% |
Book Value vs Market Value Analysis
This analysis compares Southern Concrete Pile 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: 0.92x
- 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 9.35x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.82 | ฿7.65 | x |
| 2007-12-31 | ฿0.97 | ฿7.65 | x |
| 2008-12-31 | ฿1.02 | ฿7.65 | x |
| 2009-12-31 | ฿1.26 | ฿7.65 | x |
| 2010-12-31 | ฿1.48 | ฿7.65 | x |
| 2011-12-31 | ฿1.60 | ฿7.65 | x |
| 2012-12-31 | ฿2.38 | ฿7.65 | x |
| 2013-12-31 | ฿3.86 | ฿7.65 | x |
| 2014-12-31 | ฿4.70 | ฿7.65 | x |
| 2015-12-31 | ฿5.25 | ฿7.65 | x |
| 2016-12-31 | ฿5.69 | ฿7.65 | x |
| 2017-12-31 | ฿6.00 | ฿7.65 | x |
| 2018-12-31 | ฿6.54 | ฿7.65 | x |
| 2019-12-31 | ฿6.78 | ฿7.65 | x |
| 2020-12-31 | ฿6.99 | ฿7.65 | x |
| 2021-12-31 | ฿7.12 | ฿7.65 | x |
| 2022-12-31 | ฿7.26 | ฿7.65 | x |
| 2023-12-31 | ฿7.60 | ฿7.65 | x |
| 2024-12-31 | ฿8.29 | ฿7.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Concrete Pile 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): 12.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.85%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.19x
- Recent ROE (12.98%) is below the historical average (18.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 51.23% | 5.31% | 0.66x | 14.62x | ฿24.84 Million |
| 2003 | 35.27% | 6.34% | 0.68x | 8.21x | ฿27.99 Million |
| 2004 | 51.74% | 7.07% | 1.23x | 5.97x | ฿63.74 Million |
| 2005 | 20.36% | 3.25% | 1.25x | 5.02x | ฿19.64 Million |
| 2006 | -1.95% | -0.43% | 1.14x | 4.01x | ฿-29.77 Million |
| 2007 | 16.51% | 4.26% | 1.16x | 3.34x | ฿18.96 Million |
| 2008 | 18.68% | 4.26% | 1.50x | 2.92x | ฿26.63 Million |
| 2009 | 9.27% | 3.34% | 1.14x | 2.43x | ฿-2.76 Million |
| 2010 | 10.24% | 3.48% | 1.18x | 2.50x | ฿1.06 Million |
| 2011 | 17.84% | 6.02% | 1.35x | 2.20x | ฿37.51 Million |
| 2012 | 30.76% | 13.73% | 1.27x | 1.76x | ฿148.32 Million |
| 2013 | 35.57% | 19.70% | 1.23x | 1.47x | ฿296.05 Million |
| 2014 | 23.53% | 19.06% | 0.99x | 1.25x | ฿190.97 Million |
| 2015 | 18.60% | 17.00% | 0.89x | 1.23x | ฿135.47 Million |
| 2016 | 15.62% | 16.86% | 0.76x | 1.22x | ฿95.96 Million |
| 2017 | 12.95% | 14.63% | 0.73x | 1.21x | ฿53.01 Million |
| 2018 | 14.65% | 14.05% | 0.87x | 1.20x | ฿91.26 Million |
| 2019 | 11.99% | 12.66% | 0.81x | 1.17x | ฿40.52 Million |
| 2020 | 10.40% | 12.97% | 0.69x | 1.16x | ฿8.38 Million |
| 2021 | 4.36% | 5.82% | 0.65x | 1.15x | ฿-116.95 Million |
| 2022 | 3.77% | 4.84% | 0.69x | 1.13x | ฿-128.56 Million |
| 2023 | 6.83% | 7.95% | 0.74x | 1.17x | ฿-67.98 Million |
| 2024 | 12.98% | 13.85% | 0.79x | 1.19x | ฿69.78 Million |
Industry Comparison
This section compares Southern Concrete Pile PCL's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,922,368,601
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Concrete Pile PCL (SCP) | ฿2.19 Billion | 51.23% | 0.25x | $31.95 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.46 Billion | -1.54% | 1.04x | $9.62 Million |
| CPanel PCL (CPANEL) | $453.90 Million | 14.97% | 0.51x | $3.90 Million |
| Dcon Products Public Company Limited (DCON) | $441.78 Million | 7.34% | 0.46x | $9.17 Million |
| General Engineering Public Company Limited (GEL) | $527.67 Million | -12.22% | 0.64x | $4.96 Million |
| SCG Decor PCL (SCGD) | $21.31 Billion | 1.54% | 0.95x | $61.51 Million |
| Sirakorn PCL (SK) | $423.20 Million | 11.79% | 0.28x | $4.35 Million |
| Smart Concrete Public Company Limited (SMART) | $671.77 Million | 15.87% | 0.22x | $5.27 Million |
| STC Concrete Product Public Company Limited (STC) | $366.28 Million | 2.62% | 1.17x | $1.51 Million |
| STONE ONE PUBLIC COMPANY LIMITED (STX) | $643.44 Million | 5.91% | 0.18x | $3.55 Million |