SiamEast Solutions Public Company Limited
SiamEast Solutions Public Company Limited engages in the procurement and distribution of industrial products and services for water, liquids, slurries, and related equipment to industrial factories in Thailand. It operates through five segments: Technology Business and Pump Systems, Piping Process Management Business, Innovative Materials Business, Service Business, and Power and Utilities Busine… Read more
SiamEast Solutions Public Company Limited (SE) - Net Assets
Latest net assets as of September 2025: ฿468.11 Million THB
Based on the latest financial reports, SiamEast Solutions Public Company Limited (SE) has net assets worth ฿468.11 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 (฿581.59 Million) and total liabilities (฿113.48 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 | ฿468.11 Million |
| % of Total Assets | 80.49% |
| Annual Growth Rate | 15.49% |
| 5-Year Change | 25.99% |
| 10-Year Change | 297.69% |
| Growth Volatility | 29.02 |
SiamEast Solutions Public Company Limited - Net Assets Trend (2012–2024)
This chart illustrates how SiamEast Solutions 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 SiamEast Solutions Public Company Limited (2012–2024)
The table below shows the annual net assets of SiamEast Solutions Public Company Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿460.45 Million | +5.31% |
| 2023-12-31 | ฿437.25 Million | +9.37% |
| 2022-12-31 | ฿399.80 Million | +20.05% |
| 2021-12-31 | ฿333.01 Million | -8.88% |
| 2020-12-31 | ฿365.45 Million | +8.43% |
| 2019-12-31 | ฿337.04 Million | +8.31% |
| 2018-12-31 | ฿311.19 Million | +4.07% |
| 2017-12-31 | ฿299.02 Million | +109.70% |
| 2016-12-31 | ฿142.59 Million | +23.15% |
| 2015-12-31 | ฿115.78 Million | +5.64% |
| 2014-12-31 | ฿109.60 Million | +6.90% |
| 2013-12-31 | ฿102.52 Million | +25.38% |
| 2012-12-31 | ฿81.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SiamEast Solutions 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 196.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿225.80 Million | 49.80% |
| Common Stock | ฿339.73 Million | 74.92% |
| Other Comprehensive Income | ฿16.00 Million | 3.53% |
| Total Equity | ฿453.43 Million | 100.00% |
SiamEast Solutions Public Company Limited Competitors by Market Cap
The table below lists competitors of SiamEast Solutions Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kolon Mobility Group Corp. Pfd.
KO:45014K
|
$3.52 Million |
|
Vertical Exploration Inc
PINK:CVVRF
|
$3.52 Million |
|
Renault Société Anonyme
PA:RNL
|
$3.52 Million |
|
VRHI
PINK:VRHI
|
$3.52 Million |
|
Nepa AB
ST:NEPA
|
$3.52 Million |
|
Arshiya Limited
NSE:ARSHIYA
|
$3.52 Million |
|
ODIGMA CONSULTANCY SOLUTIONS LTD
NSE:ODIGMA
|
$3.52 Million |
|
MK Trend Co. Ltd.
KO:069640
|
$3.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SiamEast Solutions Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 431,392,888 to 453,426,503, a change of 22,033,615 (5.1%).
- Net income of 35,833,262 contributed positively to equity growth.
- Dividend payments of 17,999,594 reduced retained earnings.
- Other comprehensive income increased equity by 484,252.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿35.83 Million | +7.9% |
| Dividends Paid | ฿18.00 Million | -3.97% |
| Other Comprehensive Income | ฿484.25K | +0.11% |
| Other Changes | ฿3.72 Million | +0.82% |
| Total Change | ฿- | 5.11% |
Book Value vs Market Value Analysis
This analysis compares SiamEast Solutions 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: 0.72x
- 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 3.30x to 0.72x 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 | ฿0.15 | ฿0.48 | x |
| 2013-12-31 | ฿0.18 | ฿0.48 | x |
| 2014-12-31 | ฿0.19 | ฿0.48 | x |
| 2015-12-31 | ฿0.21 | ฿0.48 | x |
| 2016-12-31 | ฿0.34 | ฿0.48 | x |
| 2017-12-31 | ฿0.55 | ฿0.48 | x |
| 2018-12-31 | ฿0.55 | ฿0.48 | x |
| 2019-12-31 | ฿0.60 | ฿0.48 | x |
| 2020-12-31 | ฿0.65 | ฿0.48 | x |
| 2021-12-31 | ฿0.63 | ฿0.48 | x |
| 2022-12-31 | ฿0.59 | ฿0.48 | x |
| 2023-12-31 | ฿0.64 | ฿0.48 | x |
| 2024-12-31 | ฿0.67 | ฿0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SiamEast Solutions 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): 7.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.65%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.23x
- Recent ROE (7.90%) is below the historical average (19.51%), 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 | 57.92% | 8.63% | 2.42x | 2.78x | ฿39.18 Million |
| 2013 | 33.73% | 9.03% | 1.96x | 1.91x | ฿24.33 Million |
| 2014 | 24.70% | 5.70% | 1.84x | 2.36x | ฿16.11 Million |
| 2015 | 26.83% | 7.56% | 1.81x | 1.97x | ฿19.48 Million |
| 2016 | 18.80% | 6.17% | 1.90x | 1.60x | ฿12.55 Million |
| 2017 | 12.01% | 8.91% | 1.00x | 1.35x | ฿6.02 Million |
| 2018 | 8.53% | 6.45% | 0.98x | 1.35x | ฿-4.56 Million |
| 2019 | 10.52% | 7.38% | 1.07x | 1.33x | ฿1.75 Million |
| 2020 | 11.10% | 8.94% | 0.95x | 1.31x | ฿4.03 Million |
| 2021 | 10.53% | 7.14% | 1.00x | 1.47x | ฿1.76 Million |
| 2022 | 16.85% | 11.02% | 1.09x | 1.41x | ฿27.13 Million |
| 2023 | 14.24% | 9.50% | 1.14x | 1.31x | ฿18.29 Million |
| 2024 | 7.90% | 6.65% | 0.96x | 1.23x | ฿-9.51 Million |
Industry Comparison
This section compares SiamEast Solutions Public Company Limited's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $607,419,260
- Average return on equity (ROE) among peers: 7.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SiamEast Solutions Public Company Limited (SE) | ฿468.11 Million | 57.92% | 0.24x | $3.52 Million |
| Alla Public Company Limited (ALLA) | $958.53 Million | 10.54% | 0.28x | $7.63 Million |
| Porn Prom Metal Public Company Limited (PPM) | $486.14 Million | 11.23% | 1.07x | $5.51 Million |
| Thai Mui Corporation Public Company Limited (THMUI) | $377.58 Million | 0.53% | 0.86x | $1.02 Million |