SMO
Smothong Group Public Company Limited engages in the manufacture and distribution of crude palm oil in Thailand. The company offers crude palm oil and palm kernel oil, as well as by-products, including palm shells, palm fibers, empty palm bunches, chopped palm bunches, palm cakes, and dried palm cakes. It is also involved in producing and distributing electricity from biogas fuel. The company was… Read more
SMO (SMO) - Net Assets
Latest net assets as of September 2025: ฿1.97 Billion THB
Based on the latest financial reports, SMO (SMO) has net assets worth ฿1.97 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.51 Billion) and total liabilities (฿2.54 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 | ฿1.97 Billion |
| % of Total Assets | 43.66% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
SMO - Net Assets Trend (2023–2024)
This chart illustrates how SMO's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SMO (2023–2024)
The table below shows the annual net assets of SMO from 2023 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.49 Billion | +10.34% |
| 2023-12-31 | ฿1.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMO'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 25.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿648.75 Million | 45.00% |
| Other Components | ฿792.86 Million | 55.00% |
| Total Equity | ฿1.44 Billion | 100.00% |
SMO Competitors by Market Cap
The table below lists competitors of SMO ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dual Co Ltd
KO:016740
|
$35.07 Million |
|
MS Industrie AG
F:MSAG
|
$35.08 Million |
|
Birchtech Corp.
OTCQB:BCHT
|
$35.09 Million |
|
e-LITECOM CO. Ltd
KQ:041520
|
$35.12 Million |
|
Cosmax
KO:044820
|
$35.06 Million |
|
Hancock & Gore Ltd
AU:HNG
|
$35.05 Million |
|
Groundhog Inc.
TW:6906
|
$35.05 Million |
|
Nykode Therapeutics AS
PINK:VACBF
|
$35.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMO's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,302,054,797 to 1,441,605,772, a change of 139,550,975 (10.7%).
- Net income of 259,641,182 contributed positively to equity growth.
- Dividend payments of 120,470,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿259.64 Million | +18.01% |
| Dividends Paid | ฿120.47 Million | -8.36% |
| Other Changes | ฿379.79K | +0.03% |
| Total Change | ฿- | 10.72% |
Book Value vs Market Value Analysis
This analysis compares SMO'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: 3.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.38x to 3.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | ฿1.42 | ฿4.78 | x |
| 2024-12-31 | ฿1.57 | ฿4.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMO 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): 18.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.15%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 2.43x
- Recent ROE (18.01%) is above the historical average (17.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 16.78% | 3.71% | 2.23x | 2.03x | ฿88.22 Million |
| 2024 | 18.01% | 4.15% | 1.79x | 2.43x | ฿115.48 Million |
Industry Comparison
This section compares SMO's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,908,004,071
- Average return on equity (ROE) among peers: 4.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMO (SMO) | ฿1.97 Billion | 16.78% | 1.29x | $35.06 Million |
| Ai Energy Public Company Limited (AIE) | $1.84 Billion | -3.93% | 0.07x | $14.62 Million |
| Agripure Holdings Public Company Limited (APURE) | $2.61 Billion | 10.67% | 0.16x | $10.13 Million |
| Bangkok Ranch PCL (BR) | $4.74 Billion | 2.56% | 1.22x | $25.27 Million |
| Betagro PCL (BTG) | $16.00 Billion | -6.68% | 1.82x | $368.54 Million |
| CHUWIT FARM (2019) PUBLIC COMPANY LIMITED (CFARM) | $425.82 Million | 5.16% | 0.81x | $3.25 Million |
| Chumporn Palm Oil Industry Public Company Limited (CPI) | $2.89 Billion | 11.09% | 0.38x | $27.76 Million |
| Food Moments PCL (FM) | $2.07 Billion | 12.23% | 0.67x | $40.04 Million |
| Lam Soon (Thailand) Public Company Limited (LST) | $3.09 Billion | 12.30% | 0.66x | $33.07 Million |
| PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITED (PCE) | $3.37 Billion | -4.59% | 0.97x | $47.27 Million |
| Premier Quality Starch PCL (PQS) | $2.03 Billion | 6.68% | 0.23x | $9.66 Million |