Star Money PCL
Star Money Public Company Limited engages in the distribution of electrical appliances in Thailand. The company operates in four segments: Sales, Hire Purchase, Lending Business, and Others. It distributes electrical appliances, such as televisions, refrigerators, washing machines, air-conditioners, and freezers, as well as computers, smartphones, and motorcycles. The company also provides car, m… Read more
Star Money PCL (SM) - Net Assets
Latest net assets as of September 2024: ฿1.16 Billion THB
Based on the latest financial reports, Star Money PCL (SM) has net assets worth ฿1.16 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.14 Billion) and total liabilities (฿1.98 Billion). 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 | ฿1.16 Billion |
| % of Total Assets | 37.02% |
| Annual Growth Rate | 34.46% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 52.06 |
Star Money PCL - Net Assets Trend (2020–2023)
This chart illustrates how Star Money 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 Star Money PCL (2020–2023)
The table below shows the annual net assets of Star Money PCL from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿1.13 Billion | +1.46% |
| 2022-12-31 | ฿1.11 Billion | +116.24% |
| 2021-12-31 | ฿513.95 Million | +10.72% |
| 2020-12-31 | ฿464.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Money 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 30.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿86.33 Million | 7.66% |
| Common Stock | ฿550.00 Million | 48.77% |
| Other Comprehensive Income | ฿25.05 Million | 2.22% |
| Other Components | ฿466.25 Million | 41.35% |
| Total Equity | ฿1.13 Billion | 100.00% |
Star Money PCL Competitors by Market Cap
The table below lists competitors of Star Money PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globlex Holding Management Public Company Limited
BK:GBX
|
$8.78 Million |
|
Guerrilla RF Inc.
OTCQX:GUER
|
$8.78 Million |
|
Eastparc Hotel Tbk PT
JK:EAST
|
$8.78 Million |
|
SPC Nickel Corp
PINK:SPCNF
|
$8.78 Million |
|
Kumulus Vape SA
PA:ALVAP
|
$8.78 Million |
|
Maritima De In
SN:MARINSA
|
$8.78 Million |
|
Balyo S.A.
LSE:0RQF
|
$8.78 Million |
|
Korea Information Engineering Services Co. Ltd
KQ:039740
|
$8.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Money PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,111,353,856 to 1,127,627,488, a change of 16,273,632 (1.5%).
- Net income of 61,749,676 contributed positively to equity growth.
- Dividend payments of 44,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 8,943,271.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿61.75 Million | +5.48% |
| Dividends Paid | ฿44.00 Million | -3.9% |
| Other Comprehensive Income | ฿8.94 Million | +0.79% |
| Other Changes | ฿-10.42 Million | -0.92% |
| Total Change | ฿- | 1.46% |
Book Value vs Market Value Analysis
This analysis compares Star Money 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: 0.90x
- 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 2.18x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ฿0.42 | ฿0.92 | x |
| 2021-12-31 | ฿0.47 | ฿0.92 | x |
| 2022-12-31 | ฿1.01 | ฿0.92 | x |
| 2023-12-31 | ฿1.03 | ฿0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Money 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): 5.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.48%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.62x
- Recent ROE (5.48%) is below the historical average (10.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.26% | 4.74% | 0.44x | 4.92x | ฿1.20 Million |
| 2021 | 20.03% | 8.54% | 0.52x | 4.47x | ฿51.54 Million |
| 2022 | 7.30% | 9.59% | 0.26x | 2.89x | ฿-29.99 Million |
| 2023 | 5.48% | 4.48% | 0.47x | 2.62x | ฿-51.01 Million |
Industry Comparison
This section compares Star Money PCL's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,462,560,682
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Money PCL (SM) | ฿1.16 Billion | 10.26% | 1.70x | $8.78 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |