Surapon Foods Public Company Limited
Surapon Foods Public Company Limited manufactures and distributes seafood, and finished and semi-finished frozen foods in Thailand, Japan, Australia, Taiwan, the United Kingdom, South Korea, the United Arab Emirates, and internationally. The company provides various food products, including boiled shrimp, sushi shrimp, fish, squid, etc.; ready to eat products, such as dim sum, deep-fried food, an… Read more
Surapon Foods Public Company Limited (SSF) - Net Assets
Latest net assets as of September 2025: ฿2.69 Billion THB
Based on the latest financial reports, Surapon Foods Public Company Limited (SSF) has net assets worth ฿2.69 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.06 Billion) and total liabilities (฿1.38 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 | ฿2.69 Billion |
| % of Total Assets | 66.17% |
| Annual Growth Rate | 2.62% |
| 5-Year Change | 7.74% |
| 10-Year Change | 7.97% |
| Growth Volatility | 7.45 |
Surapon Foods Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Surapon Foods 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 Surapon Foods Public Company Limited (2000–2024)
The table below shows the annual net assets of Surapon Foods Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.55 Billion | +7.43% |
| 2023-12-31 | ฿2.37 Billion | +0.27% |
| 2022-12-31 | ฿2.37 Billion | -8.62% |
| 2021-12-31 | ฿2.59 Billion | +9.44% |
| 2020-12-31 | ฿2.37 Billion | +5.92% |
| 2019-12-31 | ฿2.24 Billion | +3.58% |
| 2018-12-31 | ฿2.16 Billion | -6.96% |
| 2017-12-31 | ฿2.32 Billion | -5.19% |
| 2016-12-31 | ฿2.45 Billion | +3.56% |
| 2015-12-31 | ฿2.36 Billion | +10.71% |
| 2014-12-31 | ฿2.13 Billion | +7.55% |
| 2013-12-31 | ฿1.98 Billion | -13.62% |
| 2012-12-31 | ฿2.30 Billion | +13.82% |
| 2011-12-31 | ฿2.02 Billion | +6.79% |
| 2010-12-31 | ฿1.89 Billion | -5.61% |
| 2009-12-31 | ฿2.00 Billion | +10.00% |
| 2008-12-31 | ฿1.82 Billion | 0.00% |
| 2007-12-31 | ฿1.82 Billion | +3.10% |
| 2006-12-31 | ฿1.77 Billion | +15.29% |
| 2005-12-31 | ฿1.53 Billion | +1.84% |
| 2004-12-31 | ฿1.50 Billion | +7.73% |
| 2003-12-31 | ฿1.40 Billion | -7.52% |
| 2002-12-31 | ฿1.51 Billion | +0.53% |
| 2001-12-31 | ฿1.50 Billion | +9.45% |
| 2000-12-31 | ฿1.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Surapon Foods 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 94.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿852.17 Million | 43.72% |
| Common Stock | ฿270.00 Million | 13.85% |
| Other Comprehensive Income | ฿27.00 Million | 1.39% |
| Other Components | ฿800.09 Million | 41.05% |
| Total Equity | ฿1.95 Billion | 100.00% |
Surapon Foods Public Company Limited Competitors by Market Cap
The table below lists competitors of Surapon Foods Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empresas Iansa S.A
SN:IANSA
|
$10.89 Million |
|
Atlantic American Corporation
NASDAQ:AAME
|
$10.89 Million |
|
Vitro S.A.B. de C.V
MX:VITROA
|
$10.89 Million |
|
Wonpoong Corporation
KQ:008370
|
$10.89 Million |
|
HYTC Co. Ltd.
KQ:148930
|
$10.89 Million |
|
Marwynn Holdings, Inc. Common stock
NASDAQ:MWYN
|
$10.89 Million |
|
METTLER TOLEDO INTL
MU:MTO
|
$10.89 Million |
|
Ponni Sugars (Erode) Limited
NSE:PONNIERODE
|
$10.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surapon Foods Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,870,007,132 to 1,949,253,268, a change of 79,246,136 (4.2%).
- Net income of 138,762,972 contributed positively to equity growth.
- Dividend payments of 100,007,592 reduced retained earnings.
- Other factors increased equity by 40,490,756.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿138.76 Million | +7.12% |
| Dividends Paid | ฿100.01 Million | -5.13% |
| Other Changes | ฿40.49 Million | +2.08% |
| Total Change | ฿- | 4.24% |
Book Value vs Market Value Analysis
This analysis compares Surapon Foods 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: 0.70x
- 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 decreased from 1.14x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿4.43 | ฿5.05 | x |
| 2007-12-31 | ฿4.50 | ฿5.05 | x |
| 2008-12-31 | ฿4.95 | ฿5.05 | x |
| 2009-12-31 | ฿5.66 | ฿5.05 | x |
| 2010-12-31 | ฿5.29 | ฿5.05 | x |
| 2011-12-31 | ฿5.82 | ฿5.05 | x |
| 2012-12-31 | ฿6.56 | ฿5.05 | x |
| 2013-12-31 | ฿5.86 | ฿5.05 | x |
| 2014-12-31 | ฿6.15 | ฿5.05 | x |
| 2015-12-31 | ฿6.64 | ฿5.05 | x |
| 2016-12-31 | ฿6.72 | ฿5.05 | x |
| 2017-12-31 | ฿6.40 | ฿5.05 | x |
| 2018-12-31 | ฿6.06 | ฿5.05 | x |
| 2019-12-31 | ฿5.99 | ฿5.05 | x |
| 2020-12-31 | ฿6.34 | ฿5.05 | x |
| 2021-12-31 | ฿7.17 | ฿5.05 | x |
| 2022-12-31 | ฿6.92 | ฿5.05 | x |
| 2023-12-31 | ฿6.93 | ฿5.05 | x |
| 2024-12-31 | ฿7.22 | ฿5.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surapon Foods 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): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.48%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 2.02x
- Recent ROE (7.12%) is below the historical average (11.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 23.20% | 3.23% | 2.49x | 2.88x | ฿134.95 Million |
| 2001 | 14.36% | 2.67% | 2.25x | 2.39x | ฿49.35 Million |
| 2004 | 9.24% | 2.35% | 1.77x | 2.22x | ฿-8.47 Million |
| 2005 | 4.84% | 1.11% | 1.99x | 2.19x | ฿-57.99 Million |
| 2006 | 5.87% | 1.50% | 1.98x | 1.97x | ฿-48.68 Million |
| 2007 | 6.09% | 1.74% | 1.82x | 1.92x | ฿-47.60 Million |
| 2008 | 22.38% | 5.71% | 2.15x | 1.82x | ฿165.42 Million |
| 2009 | 23.98% | 6.67% | 2.26x | 1.59x | ฿213.54 Million |
| 2010 | 3.65% | 0.93% | 1.92x | 2.04x | ฿-90.72 Million |
| 2011 | 17.76% | 4.46% | 2.06x | 1.94x | ฿122.03 Million |
| 2012 | 16.71% | 4.57% | 2.08x | 1.75x | ฿118.74 Million |
| 2013 | -0.48% | -0.13% | 1.94x | 1.85x | ฿-165.82 Million |
| 2014 | 10.37% | 3.46% | 1.64x | 1.83x | ฿6.17 Million |
| 2015 | 9.59% | 3.43% | 1.57x | 1.78x | ฿-7.42 Million |
| 2016 | 8.51% | 2.70% | 1.59x | 1.98x | ฿-26.97 Million |
| 2017 | -0.49% | -0.15% | 1.53x | 2.10x | ฿-181.12 Million |
| 2018 | -3.97% | -1.28% | 1.16x | 2.69x | ฿-228.35 Million |
| 2019 | 18.74% | 5.16% | 1.40x | 2.60x | ฿141.18 Million |
| 2020 | 24.04% | 7.00% | 1.41x | 2.44x | ฿240.37 Million |
| 2021 | 22.89% | 7.93% | 1.34x | 2.15x | ฿249.48 Million |
| 2022 | 8.92% | 2.85% | 1.38x | 2.26x | ฿-20.23 Million |
| 2023 | 6.97% | 2.48% | 1.26x | 2.22x | ฿-56.58 Million |
| 2024 | 7.12% | 2.48% | 1.42x | 2.02x | ฿-56.16 Million |
Industry Comparison
This section compares Surapon Foods Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,744,237,767
- Average return on equity (ROE) among peers: 12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surapon Foods Public Company Limited (SSF) | ฿2.69 Billion | 23.20% | 0.51x | $10.89 Million |
| Asian Alliance International PCL (AAI) | $4.88 Billion | 7.84% | 0.15x | $43.65 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $237.14 Million | 5.48% | 0.40x | $9.36 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $3.50 Billion | 23.39% | 0.78x | $49.87 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.82 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.07 Billion | 0.95% | 1.32x | $8.09 Million |
| Chin Huay PCL (CH) | $1.37 Billion | 9.31% | 0.40x | $13.66 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $597.83 Million | 27.03% | 0.46x | $12.59 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.39 Billion | 14.18% | 0.11x | $3.48 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.37 Billion | 7.17% | 0.11x | $6.08 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $49.18 Million |