Singer Thailand Public Company Limited (SINGER) - Net Assets

Latest as of December 2025: ฿14.89 Billion THB ≈ $464.25 Million USD

Based on the latest financial reports, Singer Thailand Public Company Limited (SINGER) has net assets worth ฿14.89 Billion THB (≈ $464.25 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿16.54 Billion ≈ $515.58 Million USD) and total liabilities (฿1.65 Billion ≈ $51.32 Million 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 Singer Thailand Public Company Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿14.89 Billion
% of Total Assets	90.05%
Annual Growth Rate	8.18%
5-Year Change	0.38%
10-Year Change	815.93%
Growth Volatility	86.26

Singer Thailand Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Singer Thailand Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore SINGER asset base for the complete picture of this company's asset base.

Annual Net Assets for Singer Thailand Public Company Limited (2000–2025)

The table below shows the annual net assets of Singer Thailand Public Company Limited from 2000 to 2025. For live valuation and market cap data, see SINGER market cap.

Year	Net Assets	Change
2025-12-31	฿14.89 Billion ≈ $464.25 Million	+0.65%
2024-12-31	฿14.80 Billion ≈ $461.25 Million	+6.07%
2023-12-31	฿13.95 Billion ≈ $434.85 Million	-23.80%
2022-12-31	฿18.31 Billion ≈ $570.63 Million	+23.38%
2021-12-31	฿14.84 Billion ≈ $462.51 Million	+428.04%
2020-12-31	฿2.81 Billion ≈ $87.59 Million	+19.91%
2019-12-31	฿2.34 Billion ≈ $73.05 Million	+53.80%
2018-12-31	฿1.52 Billion ≈ $47.49 Million	-3.42%
2017-12-31	฿1.58 Billion ≈ $49.18 Million	-2.98%
2016-12-31	฿1.63 Billion ≈ $50.69 Million	+3.05%
2015-12-31	฿1.58 Billion ≈ $49.19 Million	+0.00%
2014-12-31	฿1.58 Billion ≈ $49.18 Million	+10.17%
2013-12-31	฿1.43 Billion ≈ $44.64 Million	+20.09%
2012-12-31	฿1.19 Billion ≈ $37.18 Million	+21.59%
2011-12-31	฿980.94 Million ≈ $30.58 Million	+15.72%
2010-12-31	฿847.69 Million ≈ $26.42 Million	+58.57%
2009-12-31	฿534.57 Million ≈ $16.66 Million	+4.84%
2008-12-31	฿509.90 Million ≈ $15.89 Million	-18.35%
2007-12-31	฿624.45 Million ≈ $19.46 Million	-41.39%
2006-12-31	฿1.07 Billion ≈ $33.21 Million	-53.64%
2005-12-31	฿2.30 Billion ≈ $71.64 Million	+0.41%
2004-12-31	฿2.29 Billion ≈ $71.35 Million	+0.57%
2003-12-31	฿2.28 Billion ≈ $70.95 Million	+5.69%
2002-12-31	฿2.15 Billion ≈ $67.13 Million	-1.91%
2001-12-31	฿2.20 Billion ≈ $68.44 Million	+5.31%
2000-12-31	฿2.08 Billion ≈ $64.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Singer 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 decreased by 243.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿15.18 Billion	114.33%
Total Equity	฿13.27 Billion	100.00%

Singer Thailand Public Company Limited Competitors by Market Cap

The table below lists competitors of Singer Thailand Public Company Limited ranked by their market capitalization.

Company	Market Cap
Legacy Education Inc. NYSE MKT:LGCY	$138.49 Million
Richmond Mutual Bancorporation Inc NASDAQ:RMBI	$138.49 Million
TerrAscend Corp F:TED	$138.50 Million
Orion Gold NL JSE:ORN	$138.53 Million
Origin Property PCL BK:ORI	$138.45 Million
Pollux Investasi Internasional Tbk PT JK:POLI	$138.43 Million
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS IS:KATMR	$138.41 Million
Inission AB (publ) ST:INISS-B	$138.41 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Singer Thailand Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 13,238,561,050 to 13,274,213,522, a change of 35,652,472 (0.3%).
Net income of 105,084,088 contributed positively to equity growth.
Other comprehensive income decreased equity by 420,725,272.
Other factors increased equity by 351,293,656.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿105.08 Million	+0.79%
Other Comprehensive Income	฿-420.73 Million	-3.17%
Other Changes	฿351.29 Million	+2.65%
Total Change	฿-	0.27%

Book Value vs Market Value Analysis

This analysis compares Singer 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: 0.33x
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 0.81x to 0.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿6.70	฿5.45	x
2004-12-31	฿6.71	฿5.45	x
2005-12-31	฿6.85	฿5.45	x
2006-12-31	฿3.14	฿5.45	x
2007-12-31	฿1.83	฿5.45	x
2008-12-31	฿1.50	฿5.45	x
2009-12-31	฿1.57	฿5.45	x
2010-12-31	฿2.49	฿5.45	x
2011-12-31	฿2.89	฿5.45	x
2012-12-31	฿3.51	฿5.45	x
2013-12-31	฿4.21	฿5.45	x
2014-12-31	฿4.64	฿5.45	x
2015-12-31	฿4.64	฿5.45	x
2016-12-31	฿4.78	฿5.45	x
2017-12-31	฿4.64	฿5.45	x
2018-12-31	฿5.23	฿5.45	x
2019-12-31	฿6.37	฿5.45	x
2020-12-31	฿6.71	฿5.45	x
2021-12-31	฿27.94	฿5.45	x
2022-12-31	฿21.19	฿5.45	x
2023-12-31	฿17.12	฿5.45	x
2024-12-31	฿16.24	฿5.45	x
2025-12-31	฿16.29	฿5.45	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Singer 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): 0.79%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.08%
• Asset Turnover: 0.21x
• Equity Multiplier: 1.25x
Recent ROE (0.79%) is above the historical average (-2.17%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	6.40%	4.08%	0.78x	2.01x	฿-75.06 Million
2001	7.64%	5.07%	0.83x	1.82x	฿-51.83 Million
2002	9.15%	5.05%	1.10x	1.65x	฿-18.37 Million
2003	10.55%	5.25%	1.04x	1.93x	฿12.46 Million
2004	8.05%	4.30%	0.81x	2.31x	฿-44.73 Million
2005	3.83%	1.79%	0.79x	2.71x	฿-141.89 Million
2006	-115.72%	-32.34%	0.94x	3.81x	฿-1.34 Billion
2007	-80.11%	-19.90%	1.01x	3.99x	฿-562.67 Million
2008	-16.00%	-3.46%	1.04x	4.44x	฿-132.59 Million
2009	6.83%	1.95%	0.97x	3.62x	฿-16.92 Million
2010	10.54%	4.14%	1.01x	2.52x	฿4.60 Million
2011	14.52%	5.98%	1.07x	2.27x	฿44.36 Million
2012	18.97%	9.72%	0.86x	2.27x	฿106.95 Million
2013	22.38%	8.84%	1.11x	2.27x	฿177.34 Million
2014	15.30%	7.04%	1.02x	2.13x	฿83.63 Million
2015	9.07%	4.24%	1.01x	2.12x	฿-14.65 Million
2016	7.37%	4.81%	0.79x	1.93x	฿-42.81 Million
2017	-0.62%	-0.44%	0.63x	2.22x	฿-167.53 Million
2018	-5.30%	-3.08%	0.51x	3.34x	฿-233.14 Million
2019	7.08%	7.03%	0.40x	2.52x	฿-68.46 Million
2020	15.78%	12.67%	0.38x	3.29x	฿162.29 Million
2021	4.72%	16.15%	0.18x	1.63x	฿-783.27 Million
2022	5.30%	18.29%	0.20x	1.47x	฿-828.83 Million
2023	-23.02%	-110.50%	0.15x	1.38x	฿-4.60 Billion
2024	0.10%	0.59%	0.13x	1.30x	฿-1.31 Billion
2025	0.79%	3.08%	0.21x	1.25x	฿-1.22 Billion

Industry Comparison

This section compares Singer Thailand Public Company Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $2,277,901,522
Average return on equity (ROE) among peers: 13.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Singer Thailand Public Company Limited (SINGER)	฿14.89 Billion	6.40%	0.11x	$138.46 Million
ASIA Capital Group Public Company Limited (ACAP)	$1.25 Billion	20.47%	2.85x	$4.18 Million
AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)	$4.66 Billion	25.18%	5.75x	$731.60 Million
AIRA Factoring Public Company Limited (AF)	$332.27 Million	15.44%	3.78x	$17.95 Million
Amanah Leasing Public Company Limited (AMANAH)	$1.30 Billion	0.14%	0.02x	$23.62 Million
Asia Sermkij Leasing Public Company Limited (ASK)	$1.58 Billion	7.52%	4.99x	$198.53 Million
Eastern Commercial Leasing Public Company Limited (ECL)	$228.53 Million	5.18%	2.63x	$29.03 Million
G Capital Public Company Limited (GCAP)	$348.56 Million	15.75%	4.99x	$4.05 Million
IFS Capital (Thailand) Public Company Limited (IFS)	$827.31 Million	8.20%	1.73x	$28.30 Million
JMT Network Services Public Company Limited (JMT)	$1.94 Billion	15.00%	1.15x	$445.89 Million
Krungthai Card PCL (KTC)	$10.32 Billion	24.17%	5.62x	$2.35 Billion

About Singer Thailand Public Company Limited

BK:SINGER Thailand Credit Services

Market Cap

$138.46 Million

฿4.44 Billion THB

Market Cap Rank

#17930 Global

#235 in Thailand

Share Price

฿5.45

Change (1 day)

-0.91%

52-Week Range

฿3.98 - ฿7.65

All Time High

฿55.52