Sino Logistics Corporation Public Company Limited
Sino Logistics Corporation Public Company Limited provides international and domestic freight forwarding and contract logistics services in Thailand and internationally. It operates in three segments: Sea Freight; Air Freight; and Logistics Support. The company offers air freight services; sea freight services comprising full-container load, less-than-container load, ISO tanks, and refrigerated c… Read more
Sino Logistics Corporation Public Company Limited (SINO) - Net Assets
Latest net assets as of June 2024: ฿865.21 Million THB
Based on the latest financial reports, Sino Logistics Corporation Public Company Limited (SINO) has net assets worth ฿865.21 Million THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.47 Billion) and total liabilities (฿605.69 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 | ฿865.21 Million |
| % of Total Assets | 58.82% |
| Annual Growth Rate | 50.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.4 |
Sino Logistics Corporation Public Company Limited - Net Assets Trend (2021–2023)
This chart illustrates how Sino Logistics Corporation 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 Sino Logistics Corporation Public Company Limited (2021–2023)
The table below shows the annual net assets of Sino Logistics Corporation Public Company Limited from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | ฿862.13 Million | +33.05% |
| 2022-09-30 | ฿647.99 Million | +69.85% |
| 2021-09-30 | ฿381.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sino Logistics Corporation 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 86.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿25.81 Million | 2.99% |
| Other Components | ฿836.32 Million | 97.01% |
| Total Equity | ฿862.13 Million | 100.00% |
Sino Logistics Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of Sino Logistics Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Knight Club Capital Asset Management PCL
BK:KCC
|
$8.44 Million |
|
ADM Hamburg Aktiengesellschaft
F:OEL
|
$8.45 Million |
|
G.AZOTY ZAK.AZ.PUL.B ZY10
F:1V5
|
$8.45 Million |
|
Baylin Technologies Inc
OTCQB:BYLTF
|
$8.45 Million |
|
Manaksia Limited
NSE:MANAKSIA
|
$8.44 Million |
|
Biotechnology Assets S.A.
MC:BST
|
$8.44 Million |
|
Dignitana AB (publ.)
PINK:DIZTF
|
$8.43 Million |
|
HSS HIRE GROUP LS -01
F:HG3
|
$8.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sino Logistics Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 647,988,991 to 862,134,050, a change of 214,145,059 (33.0%).
- Net income of 52,693,067 contributed positively to equity growth.
- Dividend payments of 160,000,000 reduced retained earnings.
- New share issuances of 324,816,901 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿52.69 Million | +6.11% |
| Dividends Paid | ฿160.00 Million | -18.56% |
| Share Issuances | ฿324.82 Million | +37.68% |
| Other Changes | ฿-3.36 Million | -0.39% |
| Total Change | ฿- | 33.05% |
Book Value vs Market Value Analysis
This analysis compares Sino Logistics Corporation 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: 1.09x
- 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 2.45x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | ฿0.37 | ฿0.90 | x |
| 2022-09-30 | ฿0.62 | ฿0.90 | x |
| 2023-09-30 | ฿0.83 | ฿0.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sino Logistics Corporation 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): 6.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.93%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.59x
- Recent ROE (6.11%) is below the historical average (65.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 82.87% | 6.75% | 3.22x | 3.81x | ฿277.99 Million |
| 2022 | 106.68% | 11.70% | 4.89x | 1.86x | ฿626.45 Million |
| 2023 | 6.11% | 2.93% | 1.31x | 1.59x | ฿-33.52 Million |
Industry Comparison
This section compares Sino Logistics Corporation Public Company Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $902,225,667
- Average return on equity (ROE) among peers: 13.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sino Logistics Corporation Public Company Limited (SINO) | ฿865.21 Million | 82.87% | 0.70x | $8.44 Million |
| Begistics Public Company Limited (B) | $2.17 Billion | 3.29% | 0.11x | $7.40 Million |
| Euroasia Total Logistics PCL (ETL) | $367.94 Million | 28.86% | 2.08x | $2.31 Million |
| Triple i Logistics Public Company Limited (III) | $2.67 Billion | 29.78% | 0.38x | $42.36 Million |
| Leo Global Logistics Public Company Limited (LEO) | $113.28 Million | 15.06% | 1.86x | $9.02 Million |
| M P J Logistics Public Company Limited (MPJ) | $6.55 Million | 4.12% | 3.22x | $10.15 Million |
| NCL International Logistics Public Company Limited (NCL) | $325.21 Million | 6.01% | 0.64x | $2.61 Million |
| SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) | $1.49 Billion | 25.19% | 1.78x | $87.91 Million |
| Sonic Interfreight Public Company Limited (SONIC) | $560.83 Million | 8.31% | 0.50x | $15.83 Million |
| Thai Parcels Public Company Limited (TPL) | $413.92 Million | 5.15% | 0.49x | $7.75 Million |