Stars Microelectronics (Thailand) PCL (SMT) - Net Assets

Latest as of September 2025: ฿1.72 Billion THB ≈ $53.57 Million USD

Based on the latest financial reports, Stars Microelectronics (Thailand) PCL (SMT) has net assets worth ฿1.72 Billion THB (≈ $53.57 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.40 Billion ≈ $74.66 Million USD) and total liabilities (฿676.62 Million ≈ $21.09 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 SMT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.72 Billion
% of Total Assets	71.75%
Annual Growth Rate	3.07%
5-Year Change	36.67%
10-Year Change	4.01%
Growth Volatility	28.04

Stars Microelectronics (Thailand) PCL - Net Assets Trend (2008–2024)

This chart illustrates how Stars Microelectronics (Thailand) PCL's net assets have evolved over time, based on quarterly financial data. See Stars Microelectronics (Thailand) PCL (SMT) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Stars Microelectronics (Thailand) PCL (2008–2024)

The table below shows the annual net assets of Stars Microelectronics (Thailand) PCL from 2008 to 2024. For live valuation and market cap data, see SMT market cap overview.

Year	Net Assets	Change
2024-12-31	฿1.82 Billion ≈ $56.60 Million	-12.15%
2023-12-31	฿2.07 Billion ≈ $64.42 Million	+9.40%
2022-12-31	฿1.89 Billion ≈ $58.88 Million	+19.67%
2021-12-31	฿1.58 Billion ≈ $49.21 Million	+18.83%
2020-12-31	฿1.33 Billion ≈ $41.41 Million	+6.70%
2019-12-31	฿1.25 Billion ≈ $38.81 Million	-4.36%
2018-12-31	฿1.30 Billion ≈ $40.58 Million	+6.33%
2017-12-31	฿1.22 Billion ≈ $38.16 Million	-30.83%
2016-12-31	฿1.77 Billion ≈ $55.18 Million	+1.40%
2015-12-31	฿1.75 Billion ≈ $54.41 Million	-2.94%
2014-12-31	฿1.80 Billion ≈ $56.06 Million	-6.08%
2013-12-31	฿1.92 Billion ≈ $59.69 Million	+8.83%
2012-12-31	฿1.76 Billion ≈ $54.85 Million	+72.78%
2011-12-31	฿1.02 Billion ≈ $31.74 Million	-51.60%
2010-12-31	฿2.10 Billion ≈ $65.59 Million	+23.85%
2009-12-31	฿1.70 Billion ≈ $52.96 Million	+51.72%
2008-12-31	฿1.12 Billion ≈ $34.91 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Stars Microelectronics (Thailand) 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 decreased by 13.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿403.16 Million	22.23%
Common Stock	฿845.58 Million	46.62%
Other Comprehensive Income	฿115.15 Million	6.35%
Other Components	฿449.76 Million	24.80%
Total Equity	฿1.81 Billion	100.00%

Stars Microelectronics (Thailand) PCL Competitors by Market Cap

The table below lists competitors of Stars Microelectronics (Thailand) PCL ranked by their market capitalization.

Company	Market Cap
Ersan Alisveris Hizmetleri & Gida Sanayi Ticaret AS IS:KIMMR	$89.77 Million
Ilsung Pharm KO:003120	$89.79 Million
Aditya Birla Money Limited NSE:BIRLAMONEY	$89.81 Million
BCP Investment Corp. NASDAQ:BCIC	$89.86 Million
BIOCELTIX S.A. ZY -10 F:XI3	$89.73 Million
CURATIS N AG SW:CURN	$89.64 Million
Big River Industries Ltd AU:BRI	$89.64 Million
Maeil Holdings Co. Ltd KQ:005990	$89.60 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Stars Microelectronics (Thailand) PCL's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,061,437,870 to 1,813,654,534, a change of -247,783,336 (-12.0%).
Net loss of 164,464,040 reduced equity.
Dividend payments of 58,028,545 reduced retained earnings.
Other comprehensive income increased equity by 24,835,000.
Other factors decreased equity by 50,125,751.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-164.46 Million	-9.07%
Dividends Paid	฿58.03 Million	-3.2%
Other Comprehensive Income	฿24.84 Million	+1.37%
Other Changes	฿-50.13 Million	-2.76%
Total Change	฿-	-12.02%

Book Value vs Market Value Analysis

This analysis compares Stars Microelectronics (Thailand) 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: 1.65x
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 1.91x to 1.65x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	฿1.85	฿3.54	x
2009-12-31	฿2.77	฿3.54	x
2010-12-31	฿2.83	฿3.54	x
2011-12-31	฿1.25	฿3.54	x
2012-12-31	฿2.11	฿3.54	x
2013-12-31	฿2.27	฿3.54	x
2014-12-31	฿2.14	฿3.54	x
2015-12-31	฿2.09	฿3.54	x
2016-12-31	฿2.11	฿3.54	x
2017-12-31	฿1.46	฿3.54	x
2018-12-31	฿1.53	฿3.54	x
2019-12-31	฿1.49	฿3.54	x
2020-12-31	฿1.58	฿3.54	x
2021-12-31	฿1.78	฿3.54	x
2022-12-31	฿2.14	฿3.54	x
2023-12-31	฿2.39	฿3.54	x
2024-12-31	฿2.14	฿3.54	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Stars Microelectronics (Thailand) 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): -9.07%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.84%
• Asset Turnover: 0.87x
• Equity Multiplier: 1.33x
Recent ROE (-9.07%) is below the historical average (-3.03%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	19.28%	1.65%	3.03x	3.84x	฿96.71 Million
2009	15.72%	2.40%	2.54x	2.58x	฿97.27 Million
2010	25.09%	3.97%	2.98x	2.12x	฿317.13 Million
2011	-147.47%	-19.81%	3.67x	2.03x	฿-1.60 Billion
2012	41.66%	20.75%	0.91x	2.21x	฿558.01 Million
2013	7.59%	1.88%	2.18x	1.85x	฿-45.87 Million
2014	-6.20%	-1.23%	2.56x	1.96x	฿-289.99 Million
2015	-3.17%	-0.73%	2.22x	1.97x	฿-229.79 Million
2016	0.73%	0.37%	1.01x	1.98x	฿-163.71 Million
2017	-44.68%	-29.45%	0.64x	2.36x	฿-668.08 Million
2018	5.43%	3.99%	0.60x	2.25x	฿-59.36 Million
2019	-3.37%	-2.35%	0.64x	2.25x	฿-166.25 Million
2020	6.14%	4.26%	0.73x	1.98x	฿-51.11 Million
2021	13.32%	9.61%	0.79x	1.76x	฿52.27 Million
2022	16.11%	10.70%	1.04x	1.44x	฿115.07 Million
2023	11.42%	9.12%	1.08x	1.16x	฿29.20 Million
2024	-9.07%	-7.84%	0.87x	1.33x	฿-345.83 Million

Industry Comparison

This section compares Stars Microelectronics (Thailand) PCL's net assets metrics with peer companies in the Semiconductors industry.

No peer company data available for comparison.

About Stars Microelectronics (Thailand) PCL

BK:SMT Thailand Semiconductors

Market Cap

$89.75 Million

฿2.88 Billion THB

Market Cap Rank

#19710 Global

#289 in Thailand

Share Price

฿3.54

Change (1 day)

+1.14%

52-Week Range

฿1.05 - ฿3.78

All Time High

฿7.98