S.Kijchai Enterprise Public Company Limited (SKN) - Net Assets
Based on the latest financial reports, S.Kijchai Enterprise Public Company Limited (SKN) has net assets worth ฿4.31 Billion THB (≈ $134.36 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 (฿5.93 Billion ≈ $184.83 Million USD) and total liabilities (฿1.62 Billion ≈ $50.47 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 tangible net worth ratio of S.Kijchai Enterprise Public Company Limi to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.31 Billion |
| % of Total Assets | 72.69% |
| Annual Growth Rate | 23.37% |
| 5-Year Change | 36.32% |
| 10-Year Change | 485.26% |
| Growth Volatility | 55.86 |
S.Kijchai Enterprise Public Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how S.Kijchai Enterprise Public Company Limited's net assets have evolved over time, based on quarterly financial data. See S.Kijchai Enterprise Public Company Limi liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for S.Kijchai Enterprise Public Company Limited (2013–2025)
The table below shows the annual net assets of S.Kijchai Enterprise Public Company Limited from 2013 to 2025. For live valuation and market cap data, see SKN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.31 Billion ≈ $134.36 Million |
+2.32% |
| 2024-12-31 | ฿4.21 Billion ≈ $131.31 Million |
+12.16% |
| 2023-12-31 | ฿3.76 Billion ≈ $117.07 Million |
+3.78% |
| 2022-12-31 | ฿3.62 Billion ≈ $112.81 Million |
+14.45% |
| 2021-12-31 | ฿3.16 Billion ≈ $98.56 Million |
+32.56% |
| 2020-12-31 | ฿2.39 Billion ≈ $74.35 Million |
+0.15% |
| 2019-12-31 | ฿2.38 Billion ≈ $74.24 Million |
-0.72% |
| 2018-12-31 | ฿2.40 Billion ≈ $74.78 Million |
+5.31% |
| 2017-12-31 | ฿2.28 Billion ≈ $71.01 Million |
+209.31% |
| 2016-12-31 | ฿736.53 Million ≈ $22.96 Million |
+6.27% |
| 2015-12-31 | ฿693.09 Million ≈ $21.60 Million |
+39.87% |
| 2014-12-31 | ฿495.52 Million ≈ $15.44 Million |
+42.89% |
| 2013-12-31 | ฿346.79 Million ≈ $10.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to S.Kijchai Enterprise 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 245784820400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.20 Billion | 51.14% |
| Other Components | ฿2.11 Billion | 48.86% |
| Total Equity | ฿4.31 Billion | 100.00% |
S.Kijchai Enterprise Public Company Limited Competitors by Market Cap
The table below lists competitors of S.Kijchai Enterprise Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bassett Furniture Industries
NASDAQ:BSET
|
$134.66 Million |
|
Varia US Properties Ltd
SW:VARN
|
$134.68 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$134.68 Million |
|
Banco Alfa de Investimento S.A
SA:BRIV3
|
$134.78 Million |
|
Guardian Capital Group Limited
TO:GCG
|
$134.64 Million |
|
GDB Holdings Bhd
KLSE:0198
|
$134.63 Million |
|
TTK Healthcare Limited
NSE:TTKHLTCARE
|
$134.62 Million |
|
Laramide Resources Ltd
AU:LAM
|
$134.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S.Kijchai Enterprise Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,212,910,198 to 4,310,619,282, a change of 97,709,084 (2.3%).
- Net income of 420,427,991 contributed positively to equity growth.
- Dividend payments of 319,957,608 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿420.43 Million | +9.75% |
| Dividends Paid | ฿319.96 Million | -7.42% |
| Other Changes | ฿-2.76 Million | -0.06% |
| Total Change | ฿- | 2.32% |
Book Value vs Market Value Analysis
This analysis compares S.Kijchai Enterprise 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: 1.00x
- 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 9.34x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.58 | ฿5.40 | x |
| 2014-12-31 | ฿0.62 | ฿5.40 | x |
| 2015-12-31 | ฿0.87 | ฿5.40 | x |
| 2016-12-31 | ฿0.92 | ฿5.40 | x |
| 2017-12-31 | ฿3.49 | ฿5.40 | x |
| 2018-12-31 | ฿3.00 | ฿5.40 | x |
| 2019-12-31 | ฿2.98 | ฿5.40 | x |
| 2020-12-31 | ฿2.98 | ฿5.40 | x |
| 2021-12-31 | ฿3.95 | ฿5.40 | x |
| 2022-12-31 | ฿4.52 | ฿5.40 | x |
| 2023-12-31 | ฿4.70 | ฿5.40 | x |
| 2024-12-31 | ฿5.27 | ฿5.40 | x |
| 2025-12-31 | ฿5.39 | ฿5.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S.Kijchai Enterprise 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): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.06%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.38x
- Recent ROE (9.75%) is below the historical average (10.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -62.90% | -27.83% | 0.39x | 5.75x | ฿-252.82 Million |
| 2014 | 5.80% | 1.88% | 0.73x | 4.22x | ฿-20.82 Million |
| 2015 | 51.09% | 21.46% | 0.83x | 2.85x | ฿284.82 Million |
| 2016 | 35.65% | 17.77% | 0.74x | 2.70x | ฿188.93 Million |
| 2017 | 9.92% | 14.43% | 0.60x | 1.14x | ฿-1.86 Million |
| 2018 | 8.62% | 13.43% | 0.46x | 1.39x | ฿-33.12 Million |
| 2019 | 2.54% | 2.59% | 0.69x | 1.41x | ฿-177.79 Million |
| 2020 | 6.84% | 6.61% | 0.68x | 1.52x | ฿-75.46 Million |
| 2021 | 24.56% | 18.58% | 1.02x | 1.30x | ฿460.47 Million |
| 2022 | 18.86% | 16.34% | 0.94x | 1.22x | ฿320.48 Million |
| 2023 | 11.31% | 12.99% | 0.68x | 1.29x | ฿49.15 Million |
| 2024 | 14.83% | 17.15% | 0.72x | 1.21x | ฿203.52 Million |
| 2025 | 9.75% | 14.06% | 0.50x | 1.38x | ฿-10.63 Million |
Industry Comparison
This section compares S.Kijchai Enterprise Public Company Limited's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $6,267,235,681
- Average return on equity (ROE) among peers: 4.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S.Kijchai Enterprise Public Company Limited (SKN) | ฿4.31 Billion | -62.90% | 0.38x | $134.65 Million |
| Vanachai Group Public Company Limited (VNG) | $6.27 Billion | 4.63% | 1.24x | $101.14 Million |
About S.Kijchai Enterprise Public Company Limited
S.Kijchai Enterprise Public Company Limited manufactures and distributes medium density fiber boards in Thailand. The company engages in the manufacture of medium density fiberboard; glue and chemical products; and paper pulp and paper through recycling of wastepaper. It offers its products to building materials industry, interior work, and furniture production. It also exports its products. The … Read more