Shrinkflex (Thailand) Public Company Limited
Shrinkflex (Thailand) Public Company Limited manufactures and distributes shrink sleeve labels in Thailand. It offers gravure and digital, green and flexible packaging, service, and stretch film products and solutions. The company also exports its products. The company was incorporated in 2007 and is headquartered in Chachoengsao, Thailand.
Shrinkflex (Thailand) Public Company Limited (SFT) - Net Assets
Latest net assets as of September 2025: ฿801.76 Million THB
Based on the latest financial reports, Shrinkflex (Thailand) Public Company Limited (SFT) has net assets worth ฿801.76 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 (฿1.13 Billion) and total liabilities (฿326.15 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 | ฿801.76 Million |
| % of Total Assets | 71.08% |
| Annual Growth Rate | 20.51% |
| 5-Year Change | 15.59% |
| 10-Year Change | N/A |
| Growth Volatility | 60.41 |
Shrinkflex (Thailand) Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Shrinkflex (Thailand) 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 Shrinkflex (Thailand) Public Company Limited (2016–2024)
The table below shows the annual net assets of Shrinkflex (Thailand) Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿760.27 Million | +0.54% |
| 2023-12-31 | ฿756.16 Million | -0.04% |
| 2022-12-31 | ฿756.43 Million | +2.49% |
| 2021-12-31 | ฿738.03 Million | +12.21% |
| 2020-12-31 | ฿657.75 Million | +188.40% |
| 2019-12-31 | ฿228.07 Million | +2.82% |
| 2018-12-31 | ฿221.82 Million | +16.15% |
| 2017-12-31 | ฿190.98 Million | +11.76% |
| 2016-12-31 | ฿170.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shrinkflex (Thailand) 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 20.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿139.52 Million | 18.35% |
| Other Components | ฿620.76 Million | 81.65% |
| Total Equity | ฿760.27 Million | 100.00% |
Shrinkflex (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Shrinkflex (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yong Concrete PCL
BK:YONG
|
$3.65 Million |
|
Epsium Enterprise Limited Ordinary Shares
NASDAQ:EPSM
|
$3.65 Million |
|
Mangoceuticals, Inc. Common Stock
NASDAQ:MGRX
|
$3.66 Million |
|
RENDER CUBE BSAC ZY -10
F:W63
|
$3.66 Million |
|
Fenbo Holdings Limited Ordinary Shares
NASDAQ:FEBO
|
$3.64 Million |
|
LCL Resources Ltd
AU:LCL
|
$3.64 Million |
|
Guideline Geo AB (publ)
ST:GGEO
|
$3.64 Million |
|
Konsolidator AS
CO:KONSOL
|
$3.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shrinkflex (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 756,155,692 to 760,274,232, a change of 4,118,540 (0.5%).
- Net income of 24,138,539 contributed positively to equity growth.
- Dividend payments of 20,011,437 reduced retained earnings.
- Other comprehensive income decreased equity by 22,000,000.
- Other factors increased equity by 21,991,437.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿24.14 Million | +3.17% |
| Dividends Paid | ฿20.01 Million | -2.63% |
| Other Comprehensive Income | ฿-22.00 Million | -2.89% |
| Other Changes | ฿21.99 Million | +2.89% |
| Total Change | ฿- | 0.54% |
Book Value vs Market Value Analysis
This analysis compares Shrinkflex (Thailand) 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: 1.04x
- 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 4.61x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.39 | ฿1.79 | x |
| 2017-12-31 | ฿0.43 | ฿1.79 | x |
| 2018-12-31 | ฿0.50 | ฿1.79 | x |
| 2019-12-31 | ฿0.52 | ฿1.79 | x |
| 2020-12-31 | ฿2.26 | ฿1.79 | x |
| 2021-12-31 | ฿1.68 | ฿1.79 | x |
| 2022-12-31 | ฿1.72 | ฿1.79 | x |
| 2023-12-31 | ฿1.72 | ฿1.79 | x |
| 2024-12-31 | ฿1.73 | ฿1.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shrinkflex (Thailand) 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): 3.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.47%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.52x
- Recent ROE (3.17%) is below the historical average (11.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.57% | 3.68% | 1.23x | 1.67x | ฿-4.15 Million |
| 2017 | 10.23% | 5.04% | 1.34x | 1.52x | ฿437.33K |
| 2018 | 13.90% | 7.18% | 1.19x | 1.63x | ฿8.66 Million |
| 2019 | 24.95% | 9.72% | 1.38x | 1.86x | ฿34.09 Million |
| 2020 | 11.89% | 11.54% | 0.80x | 1.28x | ฿12.40 Million |
| 2021 | 15.14% | 14.08% | 0.84x | 1.28x | ฿37.94 Million |
| 2022 | 8.34% | 7.34% | 0.82x | 1.38x | ฿-12.58 Million |
| 2023 | 4.00% | 3.29% | 0.83x | 1.46x | ฿-45.39 Million |
| 2024 | 3.17% | 2.47% | 0.84x | 1.52x | ฿-51.89 Million |
Industry Comparison
This section compares Shrinkflex (Thailand) Public Company Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $386,648,454
- Average return on equity (ROE) among peers: 20.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shrinkflex (Thailand) Public Company Limited (SFT) | ฿801.76 Million | 7.57% | 0.41x | $3.65 Million |
| Getabec Public Company Limited (GTB) | $635.11 Million | 6.80% | 0.66x | $5.16 Million |
| IROYAL_INTERROYAL ENGINEERING (IROYAL) | $135.14 Million | 15.85% | 0.27x | $10.51 Million |
| Kulthorn Kirby Public Company Limited (KKC) | $735.97 Million | 60.48% | 1.83x | $565.96K |
| Pioneer Motor Public Company Limited (PIMO) | $511.54 Million | 15.53% | 0.48x | $10.52 Million |
| Patkol Public Company Limited (PK) | $91.23 Million | 46.04% | 10.80x | $2.36 Million |
| Eureka Design Public Company Limited (UREKA) | $210.91 Million | -22.06% | 0.69x | $9.64 Million |