Siam Steel Service Center Public Company Limited
Siam Steel Service Center Public Company Limited, together with its subsidiaries, engages in manufacturing and selling steel accessories in Thailand, China, Vietnam, Cambodia, Myanmar, and Japan. It also provides metal roofing and wall panel production and installation, and steel cutting services. The company serves customers in various industries, such as construction, automobile, electronics, f… Read more
Siam Steel Service Center Public Company Limited (SSSC) - Net Assets
Latest net assets as of September 2025: ฿3.33 Billion THB
Based on the latest financial reports, Siam Steel Service Center Public Company Limited (SSSC) has net assets worth ฿3.33 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 (฿3.80 Billion) and total liabilities (฿463.52 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 | ฿3.33 Billion |
| % of Total Assets | 87.79% |
| Annual Growth Rate | 15.66% |
| 5-Year Change | 15.79% |
| 10-Year Change | 28.49% |
| Growth Volatility | 35.71 |
Siam Steel Service Center Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Siam Steel Service Center 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 Siam Steel Service Center Public Company Limited (2000–2024)
The table below shows the annual net assets of Siam Steel Service Center Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.29 Billion | +1.87% |
| 2023-12-31 | ฿3.23 Billion | +4.84% |
| 2022-12-31 | ฿3.08 Billion | +2.32% |
| 2021-12-31 | ฿3.01 Billion | +5.96% |
| 2020-12-31 | ฿2.84 Billion | -1.04% |
| 2019-12-31 | ฿2.87 Billion | +0.46% |
| 2018-12-31 | ฿2.86 Billion | +2.15% |
| 2017-12-31 | ฿2.80 Billion | +2.11% |
| 2016-12-31 | ฿2.74 Billion | +7.01% |
| 2015-12-31 | ฿2.56 Billion | +1.33% |
| 2014-12-31 | ฿2.53 Billion | +3.19% |
| 2013-12-31 | ฿2.45 Billion | +12.48% |
| 2012-12-31 | ฿2.18 Billion | +16.03% |
| 2011-12-31 | ฿1.88 Billion | +6.44% |
| 2010-12-31 | ฿1.76 Billion | -3.46% |
| 2009-12-31 | ฿1.83 Billion | +2.66% |
| 2008-12-31 | ฿1.78 Billion | +21.44% |
| 2007-12-31 | ฿1.47 Billion | +6.09% |
| 2006-12-31 | ฿1.38 Billion | +39.94% |
| 2005-12-31 | ฿987.47 Million | +57.90% |
| 2004-12-31 | ฿625.36 Million | +126.62% |
| 2003-12-31 | ฿275.95 Million | +131.45% |
| 2002-12-31 | ฿119.23 Million | +17.31% |
| 2001-12-31 | ฿101.64 Million | +1.26% |
| 2000-12-31 | ฿100.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siam Steel Service Center 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 259662439400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.60 Billion | 78.84% |
| Common Stock | ฿640.00 Million | 19.43% |
| Other Comprehensive Income | ฿56.77 Million | 1.72% |
| Total Equity | ฿3.29 Billion | 100.00% |
Siam Steel Service Center Public Company Limited Competitors by Market Cap
The table below lists competitors of Siam Steel Service Center Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sam Jung Pulp
KO:009770
|
$13.96 Million |
|
Dong Won Fish
KO:030720
|
$13.96 Million |
|
Kyoritsu Electric Corporation
MU:KYO
|
$13.96 Million |
|
Vishnu Prakash R Punglia Limited
NSE:VPRPL
|
$13.96 Million |
|
Careview Comm Inc
OTCQB:CRVW
|
$13.95 Million |
|
AMPLITUDE SURGIC. EO -01
F:1AU
|
$13.95 Million |
|
Freja eID Group AB
ST:FREJA
|
$13.95 Million |
|
Country Group Development Public Company Limited
BK:CGD
|
$13.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siam Steel Service Center Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,232,717,217 to 3,293,389,053, a change of 60,671,836 (1.9%).
- Net income of 204,207,987 contributed positively to equity growth.
- Dividend payments of 142,079,529 reduced retained earnings.
- Other comprehensive income increased equity by 694,474.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿204.21 Million | +6.2% |
| Dividends Paid | ฿142.08 Million | -4.31% |
| Other Comprehensive Income | ฿694.47K | +0.02% |
| Other Changes | ฿-2.15 Million | -0.07% |
| Total Change | ฿- | 1.88% |
Book Value vs Market Value Analysis
This analysis compares Siam Steel Service Center 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: 0.43x
- 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 1.03x to 0.43x 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 | ฿2.15 | ฿2.22 | x |
| 2007-12-31 | ฿2.29 | ฿2.22 | x |
| 2008-12-31 | ฿2.78 | ฿2.22 | x |
| 2009-12-31 | ฿2.85 | ฿2.22 | x |
| 2010-12-31 | ฿2.75 | ฿2.22 | x |
| 2011-12-31 | ฿2.93 | ฿2.22 | x |
| 2012-12-31 | ฿3.40 | ฿2.22 | x |
| 2013-12-31 | ฿3.82 | ฿2.22 | x |
| 2014-12-31 | ฿3.94 | ฿2.22 | x |
| 2015-12-31 | ฿4.00 | ฿2.22 | x |
| 2016-12-31 | ฿4.28 | ฿2.22 | x |
| 2017-12-31 | ฿4.37 | ฿2.22 | x |
| 2018-12-31 | ฿4.47 | ฿2.22 | x |
| 2019-12-31 | ฿4.49 | ฿2.22 | x |
| 2020-12-31 | ฿4.44 | ฿2.22 | x |
| 2021-12-31 | ฿4.71 | ฿2.22 | x |
| 2022-12-31 | ฿4.82 | ฿2.22 | x |
| 2023-12-31 | ฿5.05 | ฿2.22 | x |
| 2024-12-31 | ฿5.15 | ฿2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siam Steel Service Center 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): 6.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.10%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.18x
- Recent ROE (6.20%) is below the historical average (16.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.24% | 0.06% | 0.64x | 33.15x | ฿-8.90 Million |
| 2002 | 14.75% | 0.69% | 0.73x | 29.25x | ฿5.67 Million |
| 2003 | 56.79% | 4.87% | 0.88x | 13.30x | ฿129.13 Million |
| 2004 | 55.87% | 8.27% | 0.96x | 7.07x | ฿286.87 Million |
| 2005 | 39.80% | 6.99% | 1.08x | 5.27x | ฿294.23 Million |
| 2006 | 30.18% | 7.15% | 1.20x | 3.52x | ฿278.29 Million |
| 2007 | 19.60% | 5.32% | 1.22x | 3.02x | ฿140.51 Million |
| 2008 | 25.84% | 7.14% | 1.13x | 3.19x | ฿281.42 Million |
| 2009 | 6.60% | 3.25% | 0.98x | 2.07x | ฿-61.92 Million |
| 2010 | 19.04% | 7.31% | 1.17x | 2.22x | ฿158.89 Million |
| 2011 | 16.62% | 5.79% | 1.24x | 2.32x | ฿123.97 Million |
| 2012 | 21.37% | 7.01% | 1.37x | 2.23x | ฿247.28 Million |
| 2013 | 20.19% | 7.79% | 1.39x | 1.86x | ฿249.08 Million |
| 2014 | 12.89% | 5.90% | 1.33x | 1.64x | ฿72.92 Million |
| 2015 | 7.72% | 4.13% | 1.24x | 1.51x | ฿-58.23 Million |
| 2016 | 10.15% | 6.09% | 1.26x | 1.33x | ฿4.12 Million |
| 2017 | 7.17% | 4.20% | 1.24x | 1.37x | ฿-79.19 Million |
| 2018 | 5.87% | 3.41% | 1.25x | 1.37x | ฿-118.15 Million |
| 2019 | 4.13% | 2.72% | 1.22x | 1.25x | ฿-168.40 Million |
| 2020 | 2.65% | 2.18% | 1.05x | 1.16x | ฿-208.70 Million |
| 2021 | 7.81% | 5.01% | 1.11x | 1.41x | ฿-66.07 Million |
| 2022 | 7.09% | 3.95% | 1.26x | 1.42x | ฿-89.81 Million |
| 2023 | 8.24% | 4.94% | 1.39x | 1.20x | ฿-56.92 Million |
| 2024 | 6.20% | 4.10% | 1.28x | 1.18x | ฿-125.13 Million |
Industry Comparison
This section compares Siam Steel Service Center Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,832,504,675
- Average return on equity (ROE) among peers: 3.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Siam Steel Service Center Public Company Limited (SSSC) | ฿3.33 Billion | 1.24% | 0.14x | $13.96 Million |
| 2S Metal Public Company Limited (2S) | $2.01 Billion | 7.96% | 0.08x | $15.57 Million |
| Asia Metal Public Company Limited (AMC) | $1.74 Billion | -1.01% | 1.31x | $6.92 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.77 Billion | -4.87% | 0.15x | $5.30 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.12 Billion | 6.05% | 0.11x | $5.35 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $1.35 Billion | 2.41% | 8.79x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $776.65 Million | 12.95% | 2.02x | $926.38K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $11.31 Billion | 3.58% | 0.35x | $11.12 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.54 Billion | 6.35% | 0.44x | $15.32 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.76 Billion | 4.37% | 0.40x | $112.11 Million |