S P V I Public Company Limited
S P V I Public Company Limited engages in the distribution of computers, mobile phones, and related accessories and services in Thailand. The company resells Apple products through various retail channels, including iStudio by SPVi, iBeat by SPVi, U"Store by SPVi, and Mobi, as well as authorized apple service providers under the iCenter name. It also provides Apple solutions and educational solut… Read more
S P V I Public Company Limited (SPVI) - Net Assets
Latest net assets as of September 2025: ฿608.65 Million THB
Based on the latest financial reports, S P V I Public Company Limited (SPVI) has net assets worth ฿608.65 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 (฿1.32 Billion) and total liabilities (฿710.10 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 | ฿608.65 Million |
| % of Total Assets | 46.15% |
| Annual Growth Rate | 9.31% |
| 5-Year Change | 38.03% |
| 10-Year Change | 104.2% |
| Growth Volatility | 8.23 |
S P V I Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how S P V I 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 S P V I Public Company Limited (2011–2024)
The table below shows the annual net assets of S P V I Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿569.06 Million | -1.89% |
| 2023-12-31 | ฿580.04 Million | +5.49% |
| 2022-12-31 | ฿549.85 Million | +11.75% |
| 2021-12-31 | ฿492.05 Million | +19.35% |
| 2020-12-31 | ฿412.27 Million | +8.79% |
| 2019-12-31 | ฿378.97 Million | +15.29% |
| 2018-12-31 | ฿328.72 Million | +9.03% |
| 2017-12-31 | ฿301.48 Million | +9.31% |
| 2016-12-31 | ฿275.81 Million | -1.03% |
| 2015-12-31 | ฿278.68 Million | -0.14% |
| 2014-12-31 | ฿279.07 Million | +3.41% |
| 2013-12-31 | ฿269.87 Million | +21.67% |
| 2012-12-31 | ฿221.80 Million | +23.97% |
| 2011-12-31 | ฿178.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to S P V I 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 424.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿309.25 Million | 54.34% |
| Common Stock | ฿200.00 Million | 35.15% |
| Other Comprehensive Income | ฿20.00 Million | 3.51% |
| Other Components | ฿39.81 Million | 7.00% |
| Total Equity | ฿569.06 Million | 100.00% |
S P V I Public Company Limited Competitors by Market Cap
The table below lists competitors of S P V I Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fingerprint Cards AB Series B
LSE:0RGY
|
$11.10 Million |
|
Ironbark Zinc Ltd
AU:IBG
|
$11.10 Million |
|
Groupe Tera SA
PA:ALGTR
|
$11.10 Million |
|
Tribe Property Technologies Inc
OTCQB:TRPTF
|
$11.10 Million |
|
Livetech da Bahia Industria
SA:LVTC3
|
$11.09 Million |
|
Muthoot Capital Services Limited
NSE:MUTHOOTCAP
|
$11.09 Million |
|
Jianzhi Education Technology Group Company Limited American Depositary Shares
NASDAQ:JZ
|
$11.09 Million |
|
Pelita Samudera Shipping Tbk PT
JK:PSSI
|
$11.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S P V I Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 580,040,133 to 569,062,414, a change of -10,977,719 (-1.9%).
- Net income of 48,389,663 contributed positively to equity growth.
- Dividend payments of 57,987,401 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿48.39 Million | +8.5% |
| Dividends Paid | ฿57.99 Million | -10.19% |
| Other Changes | ฿-1.38 Million | -0.24% |
| Total Change | ฿- | -1.89% |
Book Value vs Market Value Analysis
This analysis compares S P V I 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: 1.90x
- 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 3.53x to 1.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.76 | ฿2.70 | x |
| 2013-12-31 | ฿0.97 | ฿2.70 | x |
| 2014-12-31 | ฿0.70 | ฿2.70 | x |
| 2015-12-31 | ฿0.70 | ฿2.70 | x |
| 2016-12-31 | ฿0.69 | ฿2.70 | x |
| 2017-12-31 | ฿0.75 | ฿2.70 | x |
| 2018-12-31 | ฿0.82 | ฿2.70 | x |
| 2019-12-31 | ฿0.95 | ฿2.70 | x |
| 2020-12-31 | ฿1.03 | ฿2.70 | x |
| 2021-12-31 | ฿1.23 | ฿2.70 | x |
| 2022-12-31 | ฿1.37 | ฿2.70 | x |
| 2023-12-31 | ฿1.45 | ฿2.70 | x |
| 2024-12-31 | ฿1.42 | ฿2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S P V I 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): 8.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.71%
- • Asset Turnover: 5.59x
- • Equity Multiplier: 2.13x
- Recent ROE (8.50%) is below the historical average (13.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 20.69% | 1.82% | 4.80x | 2.37x | ฿23.70 Million |
| 2013 | 6.02% | 0.71% | 5.50x | 1.55x | ฿-10.73 Million |
| 2014 | 5.63% | 0.81% | 4.57x | 1.53x | ฿-12.19 Million |
| 2015 | 3.12% | 0.47% | 4.30x | 1.55x | ฿-19.18 Million |
| 2016 | 1.86% | 0.29% | 4.49x | 1.44x | ฿-22.45 Million |
| 2017 | 10.11% | 1.47% | 4.21x | 1.63x | ฿319.81K |
| 2018 | 13.76% | 1.77% | 4.26x | 1.83x | ฿12.35 Million |
| 2019 | 19.97% | 2.12% | 4.90x | 1.92x | ฿37.80 Million |
| 2020 | 17.78% | 2.04% | 4.16x | 2.10x | ฿32.07 Million |
| 2021 | 25.52% | 2.27% | 6.99x | 1.61x | ฿76.36 Million |
| 2022 | 23.02% | 2.27% | 5.29x | 1.91x | ฿71.58 Million |
| 2023 | 17.27% | 1.49% | 5.46x | 2.12x | ฿42.19 Million |
| 2024 | 8.50% | 0.71% | 5.59x | 2.13x | ฿-8.52 Million |
Industry Comparison
This section compares S P V I Public Company Limited's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $822,326,343
- Average return on equity (ROE) among peers: 15.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S P V I Public Company Limited (SPVI) | ฿608.65 Million | 20.69% | 1.17x | $11.10 Million |
| Advice It Infinite Pcl (ADVICE) | $310.78 Million | 66.18% | 7.32x | $34.64 Million |
| AJ Advance Technology Public Company Limited (AJA) | $1.87 Billion | 19.05% | 0.61x | $21.27 Million |
| BPS TECHNOLOGY PUBLIC COMPANY LIMITED (BPS) | $161.72 Million | 12.68% | 1.43x | $1.82 Million |
| Comanche International Public Company Limited (COMAN) | $349.09 Million | 0.57% | 0.19x | $1.88 Million |
| Copperwired Public Company Limited (CPW) | $259.71 Million | 8.45% | 1.44x | $8.87 Million |
| Communication & System Solution Public Company Limited (CSS) | $1.73 Billion | 9.81% | 1.22x | $17.83 Million |
| IT City Public Company Limited (IT) | $752.31 Million | 15.60% | 0.34x | $12.27K |
| Metro Systems Corporation Public Company Limited (MSC) | $455.46 Million | 0.00% | 3.33x | $10.97 Million |
| Simat Technologies Public Company Limited (SIMAT) | $629.48 Million | 5.27% | 0.83x | $18.85 Million |
| SiS Distribution (Thailand) Public Company Limited (SIS) | $1.71 Billion | 13.31% | 1.90x | $78.03 Million |