Sirakorn PCL
Sirakorn Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of concrete products in Thailand. The company offers pre-stressed concrete poles, cross-arms, beams, piles, stubs, and bridge girders. It also undertakes civil construction works, including building, dam, concrete bridge, and retaining wall works, as well as civil work for electrical subst… Read more
Sirakorn PCL (SK) - Net Assets
Latest net assets as of September 2025: ฿420.25 Million THB
Based on the latest financial reports, Sirakorn PCL (SK) has net assets worth ฿420.25 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 (฿569.58 Million) and total liabilities (฿149.33 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 | ฿420.25 Million |
| % of Total Assets | 73.78% |
| Annual Growth Rate | 4.47% |
| 5-Year Change | 24.94% |
| 10-Year Change | N/A |
| Growth Volatility | 7.9 |
Sirakorn PCL - Net Assets Trend (2015–2024)
This chart illustrates how Sirakorn 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 Sirakorn PCL (2015–2024)
The table below shows the annual net assets of Sirakorn PCL from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿423.20 Million | +6.79% |
| 2023-12-31 | ฿396.30 Million | +12.48% |
| 2022-12-31 | ฿352.33 Million | -0.58% |
| 2021-12-31 | ฿354.38 Million | +4.62% |
| 2020-12-31 | ฿338.72 Million | +20.08% |
| 2019-12-31 | ฿282.07 Million | +5.81% |
| 2018-12-31 | ฿266.57 Million | -7.91% |
| 2017-12-31 | ฿289.46 Million | -3.74% |
| 2016-12-31 | ฿300.70 Million | +5.32% |
| 2015-12-31 | ฿285.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sirakorn 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 9.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿126.93 Million | 29.99% |
| Other Components | ฿296.27 Million | 70.01% |
| Total Equity | ฿423.20 Million | 100.00% |
Sirakorn PCL Competitors by Market Cap
The table below lists competitors of Sirakorn PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KIWI Media Group Co.Ltd
KO:012170
|
$4.35 Million |
|
Pelayaran Kurnia Lautan Semesta
JK:KLAS
|
$4.36 Million |
|
iXensor Co., Ltd.
TWO:6734
|
$4.36 Million |
|
Sierra Nevada Gold Inc
AU:SNX
|
$4.36 Million |
|
Sequa Petroleum NV
PA:MLSEQ
|
$4.35 Million |
|
Trastor Real Estate Investment Company SA
AT:TRASTOR
|
$4.35 Million |
|
Peerapat Technology Public Company Limited
BK:PRAPAT
|
$4.35 Million |
|
WinVest Acquisition Corp
NASDAQ:WINV
|
$4.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sirakorn PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 396,298,264 to 423,202,962, a change of 26,904,698 (6.8%).
- Net income of 49,904,697 contributed positively to equity growth.
- Dividend payments of 22,979,860 reduced retained earnings.
- New share issuances of 52 increased equity.
- Other comprehensive income decreased equity by 22,575,000.
- Other factors increased equity by 22,554,808.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿49.90 Million | +11.79% |
| Dividends Paid | ฿22.98 Million | -5.43% |
| Share Issuances | ฿52.50 | +0.0% |
| Other Comprehensive Income | ฿-22.57 Million | -5.33% |
| Other Changes | ฿22.55 Million | +5.33% |
| Total Change | ฿- | 6.79% |
Book Value vs Market Value Analysis
This analysis compares Sirakorn 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: 0.62x
- 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 0.93x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.61 | ฿0.57 | x |
| 2016-12-31 | ฿0.65 | ฿0.57 | x |
| 2017-12-31 | ฿0.63 | ฿0.57 | x |
| 2018-12-31 | ฿0.58 | ฿0.57 | x |
| 2019-12-31 | ฿0.61 | ฿0.57 | x |
| 2020-12-31 | ฿0.74 | ฿0.57 | x |
| 2021-12-31 | ฿0.77 | ฿0.57 | x |
| 2022-12-31 | ฿0.77 | ฿0.57 | x |
| 2023-12-31 | ฿0.86 | ฿0.57 | x |
| 2024-12-31 | ฿0.92 | ฿0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sirakorn 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): 11.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.22%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.28x
- Recent ROE (11.79%) is below the historical average (12.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 23.73% | 10.21% | 1.65x | 1.41x | ฿38.83 Million |
| 2016 | 20.17% | 10.31% | 1.40x | 1.40x | ฿30.31 Million |
| 2017 | 11.79% | 6.57% | 1.23x | 1.45x | ฿5.19 Million |
| 2018 | 10.81% | 4.54% | 1.61x | 1.48x | ฿2.16 Million |
| 2019 | 17.82% | 7.46% | 1.60x | 1.50x | ฿22.05 Million |
| 2020 | 5.65% | 3.43% | 1.15x | 1.44x | ฿-14.74 Million |
| 2021 | 7.01% | 3.92% | 1.20x | 1.50x | ฿-10.58 Million |
| 2022 | 2.68% | 1.52% | 1.16x | 1.51x | ฿-25.78 Million |
| 2023 | 10.81% | 6.29% | 1.04x | 1.66x | ฿3.23 Million |
| 2024 | 11.79% | 9.22% | 1.00x | 1.28x | ฿7.58 Million |
Industry Comparison
This section compares Sirakorn PCL's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,924,539,218
- Average return on equity (ROE) among peers: 4.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sirakorn PCL (SK) | ฿420.25 Million | 23.73% | 0.36x | $4.35 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 |
| Southern Concrete Pile PCL (SCP) | $442.74 Million | 10.24% | 1.50x | $31.95 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 |