Sermsuk Public Company Limited
Sermsuk Public Company Limited, together with its subsidiaries, manufactures and distributes soft drinks and beverages in Thailand. It operates through Carbonated Soft Drink and Non-Carbonated Soft Drink segments. The company produce and distribute soft drinks, drinking water, sport drinks, energy drinks, and other beverages, such as distributor of soda and tea. It offers its products under the e… Read more
Sermsuk Public Company Limited (SSC) - Net Assets
Latest net assets as of September 2024: ฿10.07 Billion THB
Based on the latest financial reports, Sermsuk Public Company Limited (SSC) has net assets worth ฿10.07 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿14.83 Billion) and total liabilities (฿4.77 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 | ฿10.07 Billion |
| % of Total Assets | 67.85% |
| Annual Growth Rate | 3.45% |
| 5-Year Change | 13.12% |
| 10-Year Change | 19.15% |
| Growth Volatility | 11.99 |
Sermsuk Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Sermsuk 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 Sermsuk Public Company Limited (2000–2024)
The table below shows the annual net assets of Sermsuk Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ฿10.07 Billion | +5.36% |
| 2023-09-30 | ฿9.55 Billion | +2.56% |
| 2022-09-30 | ฿9.32 Billion | +3.48% |
| 2021-09-30 | ฿9.00 Billion | +1.17% |
| 2020-09-30 | ฿8.90 Billion | +1.87% |
| 2019-09-30 | ฿8.73 Billion | +2.26% |
| 2018-09-30 | ฿8.54 Billion | -2.10% |
| 2017-09-30 | ฿8.72 Billion | -2.35% |
| 2016-09-30 | ฿8.93 Billion | +5.77% |
| 2015-09-30 | ฿8.45 Billion | -3.40% |
| 2014-09-30 | ฿8.74 Billion | +4.07% |
| 2013-09-30 | ฿8.40 Billion | -8.49% |
| 2012-09-30 | ฿9.18 Billion | +4.64% |
| 2011-09-30 | ฿8.77 Billion | -12.30% |
| 2010-09-30 | ฿10.01 Billion | +56.63% |
| 2009-09-30 | ฿6.39 Billion | +2.58% |
| 2008-09-30 | ฿6.23 Billion | -1.41% |
| 2007-09-30 | ฿6.32 Billion | +1.15% |
| 2006-09-30 | ฿6.24 Billion | +4.23% |
| 2005-09-30 | ฿5.99 Billion | +4.75% |
| 2004-09-30 | ฿5.72 Billion | +1.46% |
| 2003-09-30 | ฿5.64 Billion | +7.91% |
| 2002-09-30 | ฿5.22 Billion | +6.57% |
| 2001-09-30 | ฿4.90 Billion | +9.87% |
| 2000-09-30 | ฿4.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sermsuk 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 242.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.78 Billion | 17.64% |
| Common Stock | ฿265.90 Million | 2.64% |
| Other Comprehensive Income | ฿2.31 Billion | 22.97% |
| Other Components | ฿5.71 Billion | 56.75% |
| Total Equity | ฿10.07 Billion | 100.00% |
Sermsuk Public Company Limited Competitors by Market Cap
The table below lists competitors of Sermsuk Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interarch Building Products Limited
NSE:INTERARCH
|
$131.26 Million |
|
Hung Ching Development & Construction Co Ltd
TW:2527
|
$131.26 Million |
|
JINSUNG T.E.C. Inc
KQ:036890
|
$131.28 Million |
|
Oportun Financial Corp
NASDAQ:OPRT
|
$131.28 Million |
|
Chenghe Acquisition III Co. Class A Ordinary Share
NASDAQ:CHEC
|
$131.23 Million |
|
Tallinna Kaubamaja Grupp AS
F:UE8
|
$131.23 Million |
|
Dagang Nexchange Bhd
KLSE:4456
|
$131.18 Million |
|
PSI Software AG
PINK:PSSWF
|
$131.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sermsuk Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,553,407,869 to 10,065,056,804, a change of 511,648,935 (5.4%).
- Net income of 404,453,966 contributed positively to equity growth.
- Dividend payments of 138,179,600 reduced retained earnings.
- Other comprehensive income decreased equity by 1,768,939,670.
- Other factors increased equity by 2,014,314,239.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿404.45 Million | +4.02% |
| Dividends Paid | ฿138.18 Million | -1.37% |
| Other Comprehensive Income | ฿-1.77 Billion | -17.58% |
| Other Changes | ฿2.01 Billion | +20.01% |
| Total Change | ฿- | 5.36% |
Book Value vs Market Value Analysis
This analysis compares Sermsuk 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: 1.32x
- 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 2.12x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-09-30 | ฿23.56 | ฿50.00 | x |
| 2007-09-30 | ฿23.80 | ฿50.00 | x |
| 2008-09-30 | ฿23.43 | ฿50.00 | x |
| 2009-09-30 | ฿24.02 | ฿50.00 | x |
| 2010-09-30 | ฿37.63 | ฿50.00 | x |
| 2011-09-30 | ฿33.00 | ฿50.00 | x |
| 2012-09-30 | ฿34.53 | ฿50.00 | x |
| 2013-09-30 | ฿31.60 | ฿50.00 | x |
| 2014-09-30 | ฿32.89 | ฿50.00 | x |
| 2015-09-30 | ฿31.77 | ฿50.00 | x |
| 2016-09-30 | ฿33.60 | ฿50.00 | x |
| 2017-09-30 | ฿32.81 | ฿50.00 | x |
| 2018-09-30 | ฿32.12 | ฿50.00 | x |
| 2019-09-30 | ฿32.85 | ฿50.00 | x |
| 2020-09-30 | ฿33.46 | ฿50.00 | x |
| 2021-09-30 | ฿33.85 | ฿50.00 | x |
| 2022-09-30 | ฿35.03 | ฿50.00 | x |
| 2023-09-30 | ฿35.93 | ฿50.00 | x |
| 2024-09-30 | ฿37.85 | ฿50.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sermsuk 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): 4.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.47x
- Recent ROE (4.02%) is above the historical average (3.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.39% | 3.48% | 1.89x | 1.73x | ฿59.90 Million |
| 2001 | 13.14% | 4.14% | 1.90x | 1.67x | ฿149.94 Million |
| 2002 | 11.21% | 3.80% | 1.96x | 1.51x | ฿62.13 Million |
| 2003 | 10.80% | 4.05% | 1.80x | 1.48x | ฿44.63 Million |
| 2004 | 9.34% | 3.63% | 1.79x | 1.44x | ฿-37.65 Million |
| 2005 | 8.52% | 3.19% | 1.81x | 1.48x | ฿-88.38 Million |
| 2006 | 8.34% | 2.77% | 2.06x | 1.46x | ฿-103.74 Million |
| 2007 | 5.23% | 1.75% | 2.01x | 1.49x | ฿-300.99 Million |
| 2008 | 2.24% | 0.72% | 2.10x | 1.48x | ฿-483.15 Million |
| 2009 | 5.54% | 1.79% | 2.03x | 1.53x | ฿-285.14 Million |
| 2010 | 4.68% | 2.11% | 1.62x | 1.36x | ฿-532.64 Million |
| 2011 | 0.63% | 0.26% | 1.64x | 1.48x | ฿-822.32 Million |
| 2012 | 6.54% | 2.63% | 1.68x | 1.48x | ฿-317.55 Million |
| 2013 | -3.91% | -2.94% | 0.88x | 1.51x | ฿-1.17 Billion |
| 2014 | 3.29% | 2.47% | 0.87x | 1.53x | ฿-586.38 Million |
| 2015 | -3.61% | -2.90% | 0.89x | 1.40x | ฿-1.15 Billion |
| 2016 | -1.32% | -1.10% | 0.76x | 1.59x | ฿-1.01 Billion |
| 2017 | -2.65% | -2.17% | 0.88x | 1.39x | ฿-1.10 Billion |
| 2018 | -3.25% | -2.57% | 0.93x | 1.37x | ฿-1.13 Billion |
| 2019 | -5.18% | -3.85% | 0.95x | 1.42x | ฿-1.33 Billion |
| 2020 | 1.90% | 1.56% | 0.87x | 1.40x | ฿-720.60 Million |
| 2021 | 0.92% | 0.87% | 0.75x | 1.42x | ฿-816.91 Million |
| 2022 | 0.14% | 0.12% | 0.80x | 1.47x | ฿-918.85 Million |
| 2023 | 2.60% | 2.00% | 0.88x | 1.47x | ฿-707.34 Million |
| 2024 | 4.02% | 3.07% | 0.89x | 1.47x | ฿-602.05 Million |
Industry Comparison
This section compares Sermsuk Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $2,780,983,784
- Average return on equity (ROE) among peers: 31.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sermsuk Public Company Limited (SSC) | ฿10.07 Billion | 11.39% | 0.47x | $131.25 Million |
| Carabao Group Public Company Limited (CBG-R) | $7.10 Billion | 20.98% | 0.38x | $487.33 Million |
| Ichitan Group Public Company Limited (ICHI) | $6.22 Billion | 6.55% | 0.24x | $261.66 Million |
| OSOTSPA PCL-NVDR (OSP-R) | $3.44 Billion | 82.39% | 3.42x | $870.97 Million |
| Royal Plus PCL (PLUS) | $207.10 Million | 0.63% | 2.62x | $9.53 Million |
| Sappe Public Company Limited (SAPPE) | $1.56 Billion | 23.17% | 0.34x | $66.93 Million |
| T.A.C. Consumer Public Company Limited (TACC) | $44.62 Million | 58.03% | 4.26x | $72.94 Million |
| Tipco Foods Public Company Limited (TIPCO) | $899.00 Million | 31.07% | 1.67x | $12.11 Million |