Siamraj Public Company Limited (SR) - Net Assets

Latest as of September 2025: ฿604.62 Million THB ≈ $18.85 Million USD

Based on the latest financial reports, Siamraj Public Company Limited (SR) has net assets worth ฿604.62 Million THB (≈ $18.85 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 (฿1.86 Billion ≈ $57.83 Million USD) and total liabilities (฿1.25 Billion ≈ $38.99 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 Siamraj Public Company Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿604.62 Million
% of Total Assets	32.59%
Annual Growth Rate	5.72%
5-Year Change	-37.42%
10-Year Change	-28.46%
Growth Volatility	43.74

Siamraj Public Company Limited - Net Assets Trend (2013–2024)

This chart illustrates how Siamraj Public Company Limited's net assets have evolved over time, based on quarterly financial data. See SR defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Siamraj Public Company Limited (2013–2024)

The table below shows the annual net assets of Siamraj Public Company Limited from 2013 to 2024. For live valuation and market cap data, see SR market cap overview.

Year	Net Assets	Change
2024-12-31	฿653.17 Million ≈ $20.36 Million	-5.63%
2023-12-31	฿692.17 Million ≈ $21.57 Million	-16.37%
2022-12-31	฿827.66 Million ≈ $25.80 Million	-6.95%
2021-12-31	฿889.52 Million ≈ $27.73 Million	-14.77%
2020-12-31	฿1.04 Billion ≈ $32.53 Million	-12.55%
2019-12-31	฿1.19 Billion ≈ $37.20 Million	-0.93%
2018-12-31	฿1.20 Billion ≈ $37.55 Million	+2.23%
2017-12-31	฿1.18 Billion ≈ $36.73 Million	+23.77%
2016-12-31	฿952.03 Million ≈ $29.67 Million	+4.27%
2015-12-31	฿913.08 Million ≈ $28.46 Million	+145.23%
2014-12-31	฿372.33 Million ≈ $11.61 Million	+5.10%
2013-12-31	฿354.26 Million ≈ $11.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Siamraj 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 222.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	฿338.35 Million	51.31%
Other Comprehensive Income	฿23.78 Million	3.61%
Other Components	฿659.29 Million	99.98%
Total Equity	฿659.40 Million	100.00%

Siamraj Public Company Limited Competitors by Market Cap

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

Company	Market Cap
Alefarm Brewing AS CO:ALEFRM	$5.49 Million
TaoWeave Inc. NASDAQ:TWAV	$5.49 Million
Cahaya Bintang Medan Tbk Pt JK:CBMF	$5.49 Million
Nippon Active Value Fund Plc LSE:NAVF	$5.50 Million
Philly Shipyard ASA OL:PHLY	$5.48 Million
Pulmatrix Inc NASDAQ:PULM	$5.48 Million
Liminatus Pharma, Inc. Class A Common Stock NASDAQ:LIMN	$5.48 Million
Enova Mining Ltd AU:ENV	$5.47 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 688,810,000 to 659,398,000, a change of -29,412,000 (-4.3%).
Net loss of 28,290,000 reduced equity.
Other comprehensive income decreased equity by 59,403,000.
Other factors increased equity by 58,281,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-28.29 Million	-4.29%
Other Comprehensive Income	฿-59.40 Million	-9.01%
Other Changes	฿58.28 Million	+8.84%
Total Change	฿-	-4.27%

Book Value vs Market Value Analysis

This analysis compares Siamraj 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: 0.27x
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 0.08x to 0.27x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	฿3.46	฿0.26	x
2014-12-31	฿3.30	฿0.26	x
2015-12-31	฿1.92	฿0.26	x
2016-12-31	฿1.58	฿0.26	x
2017-12-31	฿1.88	฿0.26	x
2018-12-31	฿1.74	฿0.26	x
2019-12-31	฿1.69	฿0.26	x
2020-12-31	฿1.47	฿0.26	x
2021-12-31	฿1.27	฿0.26	x
2022-12-31	฿1.19	฿0.26	x
2023-12-31	฿1.02	฿0.26	x
2024-12-31	฿0.97	฿0.26	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Siamraj 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): -4.29%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.27%
• Asset Turnover: 0.42x
• Equity Multiplier: 3.15x
Recent ROE (-4.29%) is below the historical average (-2.96%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	5.03%	1.27%	1.10x	3.59x	฿-17.20 Million
2014	-15.30%	-2.51%	1.96x	3.12x	฿-91.68 Million
2015	7.46%	4.17%	1.17x	1.53x	฿-22.95 Million
2016	10.75%	7.68%	0.96x	1.46x	฿7.12 Million
2017	3.15%	3.72%	0.61x	1.38x	฿-79.04 Million
2018	4.53%	2.99%	0.89x	1.70x	฿-64.35 Million
2019	1.78%	1.20%	0.76x	1.95x	฿-94.26 Million
2020	-13.43%	-7.73%	0.71x	2.44x	฿-233.01 Million
2021	-10.02%	-9.24%	0.39x	2.79x	฿-172.37 Million
2022	-8.02%	-4.86%	0.49x	3.35x	฿-145.01 Million
2023	-17.12%	-11.23%	0.44x	3.44x	฿-186.78 Million
2024	-4.29%	-3.27%	0.42x	3.15x	฿-94.23 Million

Industry Comparison

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

Industry Context

Industry: Conglomerates
Average net assets among peers: $66,110,580,591
Average return on equity (ROE) among peers: 8.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Siamraj Public Company Limited (SR)	฿604.62 Million	5.03%	2.07x	$5.48 Million
Advanced Connection Corporation Public Company Limited (ACC)	$752.94 Million	5.12%	0.14x	$20.51 Million
Berli Jucker PCL (BJC)	$125.90 Billion	3.81%	1.69x	$1.81 Billion
Eastern Technical Engineering Public Company Limited (ETE)	$906.91 Million	2.57%	1.36x	$10.12 Million
Forth Corporation Public Company Limited (FORTH)	$1.19 Billion	17.77%	2.10x	$443.15 Million
Loxley Public Company Limited (LOXLEY)	$4.41 Billion	5.19%	1.14x	$110.13 Million
MBK Public Company Limited (MBK)	$28.46 Billion	15.04%	1.36x	$827.68 Million
MBK Public Company Limited (MBK-R)	$20.35 Billion	10.09%	1.09x	$775.40 Million
The Siam Cement Public Company Limited (SCC)	$396.13 Billion	8.62%	0.89x	$9.24 Billion
Saha-Union Public Company Limited (SUC)	$16.90 Billion	4.37%	0.30x	$254.81 Million

About Siamraj Public Company Limited

BK:SR Thailand Conglomerates

Market Cap

$5.48 Million

฿175.94 Million THB

Market Cap Rank

#28406 Global

#608 in Thailand

Share Price

฿0.26

Change (1 day)

-3.70%

52-Week Range

฿0.26 - ฿0.50

All Time High

฿3.72