Solartron Public Company Limited

BK:SOLAR Thailand Solar
Market Cap
$7.16 Million
฿248.35 Million THB
Market Cap Rank
#31429 Global
#678 in Thailand
Share Price
฿0.19
Change (1 day)
-5.00%
52-Week Range
฿0.15 - ฿0.43
All Time High
฿12.40
Categories
Companies in Thailand Solar
About

Solartron Public Company Limited, together with its subsidiaries, engages in manufacturing, distribution, selling, and installation of solar-cell systems and related equipment in Thailand and internationally. It operates through Selling and Installation of Solar - Cell Systems; Distribution Solar " Cell; and Sale of Electricity segments. The company offers solar cell and modules. It also provides… Read more

Solartron Public Company Limited (SOLAR) - Net Assets

Latest net assets as of September 2025: ฿650.92 Million THB

Based on the latest financial reports, Solartron Public Company Limited (SOLAR) has net assets worth ฿650.92 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 (฿1.56 Billion) and total liabilities (฿913.70 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 ฿650.92 Million
% of Total Assets 41.6%
Annual Growth Rate 14.9%
5-Year Change 65.97%
10-Year Change -59.07%
Growth Volatility 160.19

Solartron Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Solartron Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Solartron Public Company Limited (2003–2024)

The table below shows the annual net assets of Solartron Public Company Limited from 2003 to 2024.

Year Net Assets Change
2024-12-31 ฿833.46 Million -3.17%
2023-12-31 ฿860.71 Million +42.90%
2022-12-31 ฿602.31 Million -21.74%
2021-12-31 ฿769.63 Million +53.26%
2020-12-31 ฿502.17 Million -51.81%
2019-12-31 ฿1.04 Billion -29.50%
2018-12-31 ฿1.48 Billion -19.48%
2017-12-31 ฿1.84 Billion -6.59%
2016-12-31 ฿1.97 Billion -3.50%
2015-12-31 ฿2.04 Billion +34.19%
2014-12-31 ฿1.52 Billion +0.61%
2013-12-31 ฿1.51 Billion +22.24%
2012-12-31 ฿1.23 Billion +26.10%
2011-12-31 ฿978.43 Million +29.14%
2010-12-31 ฿757.63 Million -5.40%
2009-12-31 ฿800.92 Million -8.74%
2008-12-31 ฿877.62 Million +0.25%
2007-12-31 ฿875.42 Million -9.42%
2006-12-31 ฿966.42 Million +1.91%
2005-12-31 ฿948.29 Million +150.65%
2004-12-31 ฿378.33 Million +738.77%
2003-12-31 ฿45.10 Million --

Equity Component Analysis

This analysis shows how different components contribute to Solartron 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 decreased by 14681.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock ฿1.31 Billion 156.83%
Other Comprehensive Income ฿55.97 Million 6.71%
Other Components ฿1.43 Billion 171.88%
Total Equity ฿833.46 Million 100.00%

Solartron Public Company Limited Competitors by Market Cap

The table below lists competitors of Solartron Public Company Limited ranked by their market capitalization.

Company Market Cap
Hindcon Chemicals Limited
NSE:HINDCON
 		$4.80 Million
Citigold Corporation Limited
PINK:CTOHF
 		$4.80 Million
Greenway Greenhouse Cannabis Corporation
OTCQB:GWAYF
 		$4.80 Million
Archidply Industries Limited
NSE:ARCHIDPLY
 		$4.80 Million
Thor Energy Plc
AU:THR
 		$4.79 Million
Sumber Mas Konstruksi Tbk PT
JK:SMKM
 		$4.79 Million
B-Gaming S.A.
BA:GAMI
 		$4.79 Million
ECP Emerging Growth Ltd
AU:ECP
 		$4.79 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Solartron Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 780,937,467 to 833,461,723, a change of 52,524,256 (6.7%).
  • Net loss of 35,513,849 reduced equity.
  • New share issuances of 88,038,104 increased equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿-35.51 Million -4.26%
Share Issuances ฿88.04 Million +10.56%
Other Changes ฿1.00 +0.0%
Total Change ฿- 6.73%

Book Value vs Market Value Analysis

This analysis compares Solartron 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: 0.28x
  • 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 increased from 0.07x to 0.28x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 ฿2.63 ฿0.19 x
2006-12-31 ฿2.56 ฿0.19 x
2007-12-31 ฿2.32 ฿0.19 x
2008-12-31 ฿2.32 ฿0.19 x
2009-12-31 ฿2.12 ฿0.19 x
2010-12-31 ฿2.00 ฿0.19 x
2011-12-31 ฿2.37 ฿0.19 x
2012-12-31 ฿2.19 ฿0.19 x
2013-12-31 ฿2.46 ฿0.19 x
2014-12-31 ฿2.43 ฿0.19 x
2015-12-31 ฿3.11 ฿0.19 x
2016-12-31 ฿2.90 ฿0.19 x
2017-12-31 ฿2.62 ฿0.19 x
2018-12-31 ฿2.06 ฿0.19 x
2019-12-31 ฿1.19 ฿0.19 x
2020-12-31 ฿0.52 ฿0.19 x
2021-12-31 ฿1.24 ฿0.19 x
2022-12-31 ฿0.48 ฿0.19 x
2023-12-31 ฿0.67 ฿0.19 x
2024-12-31 ฿0.68 ฿0.19 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Solartron 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): -4.26%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.76%
  • • Asset Turnover: 0.22x
  • • Equity Multiplier: 1.98x
  • Recent ROE (-4.26%) is above the historical average (-9.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 10.78% 3.81% 0.75x 3.75x ฿353.40K
2004 35.82% 12.85% 0.99x 2.82x ฿97.69 Million
2005 14.49% 10.22% 1.12x 1.26x ฿42.53 Million
2006 5.29% 4.60% 0.88x 1.31x ฿-45.51 Million
2007 -10.39% -78.94% 0.12x 1.10x ฿-178.54 Million
2008 0.25% 0.52% 0.43x 1.11x ฿-85.56 Million
2009 -14.55% -96.95% 0.14x 1.11x ฿-196.60 Million
2010 -5.35% -18.38% 0.18x 1.61x ฿-116.33 Million
2011 2.99% 2.31% 0.68x 1.90x ฿-68.56 Million
2012 13.89% 14.85% 0.48x 1.95x ฿47.94 Million
2013 8.04% 8.97% 0.62x 1.45x ฿-29.55 Million
2014 2.24% 3.68% 0.42x 1.46x ฿-117.80 Million
2015 -1.94% -5.77% 0.19x 1.73x ฿-243.06 Million
2016 -2.57% -3.69% 0.34x 2.04x ฿-246.98 Million
2017 -10.66% -20.01% 0.25x 2.11x ฿-366.62 Million
2018 -27.41% -55.30% 0.23x 2.13x ฿-523.15 Million
2019 -45.03% -103.64% 0.17x 2.58x ฿-527.49 Million
2020 -129.05% -194.36% 0.15x 4.57x ฿-584.87 Million
2021 -41.04% -159.00% 0.08x 3.08x ฿-350.73 Million
2022 -32.18% -65.58% 0.14x 3.46x ฿-219.37 Million
2023 22.25% 54.99% 0.16x 2.53x ฿95.70 Million
2024 -4.26% -9.76% 0.22x 1.98x ฿-118.86 Million

Industry Comparison

This section compares Solartron Public Company Limited's net assets metrics with peer companies in the Solar industry.

Industry Context

  • Industry: Solar
  • Average net assets among peers: $1,465,794,016
  • Average return on equity (ROE) among peers: 16.79%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Solartron Public Company Limited (SOLAR) ฿650.92 Million 10.78% 1.40x $4.79 Million
Nova Empire Public Company Limited (NOVA) $1.47 Billion 16.79% 1.39x $11.31 Million