Sub Sri Thai Public Company Limited (SST) - Net Assets
Based on the latest financial reports, Sub Sri Thai Public Company Limited (SST) has net assets worth ฿1.54 Billion THB (≈ $48.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.96 Billion ≈ $185.73 Million USD) and total liabilities (฿4.42 Billion ≈ $137.67 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 Sub Sri Thai 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 | ฿1.54 Billion |
| % of Total Assets | 25.87% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | -37.82% |
| 10-Year Change | -25.38% |
| Growth Volatility | 33.06 |
Sub Sri Thai Public Company Limited - Net Assets Trend (2002–2025)
This chart illustrates how Sub Sri Thai Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Sub Sri Thai Public Company Limited (SST) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sub Sri Thai Public Company Limited (2002–2025)
The table below shows the annual net assets of Sub Sri Thai Public Company Limited from 2002 to 2025. For live valuation and market cap data, see SST stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.67 Billion ≈ $51.93 Million |
-32.32% |
| 2024-12-31 | ฿2.46 Billion ≈ $76.72 Million |
-7.77% |
| 2023-12-31 | ฿2.67 Billion ≈ $83.19 Million |
-2.11% |
| 2022-12-31 | ฿2.73 Billion ≈ $84.99 Million |
+1.76% |
| 2021-12-31 | ฿2.68 Billion ≈ $83.51 Million |
-4.73% |
| 2020-12-31 | ฿2.81 Billion ≈ $87.66 Million |
-13.31% |
| 2019-12-31 | ฿3.24 Billion ≈ $101.12 Million |
-1.41% |
| 2018-12-31 | ฿3.29 Billion ≈ $102.56 Million |
+0.65% |
| 2017-12-31 | ฿3.27 Billion ≈ $101.90 Million |
+46.43% |
| 2016-12-31 | ฿2.23 Billion ≈ $69.59 Million |
-8.26% |
| 2015-12-31 | ฿2.43 Billion ≈ $75.85 Million |
-10.84% |
| 2014-12-31 | ฿2.73 Billion ≈ $85.08 Million |
+89.08% |
| 2013-12-31 | ฿1.44 Billion ≈ $45.00 Million |
-7.20% |
| 2012-12-31 | ฿1.56 Billion ≈ $48.49 Million |
+0.74% |
| 2011-12-31 | ฿1.54 Billion ≈ $48.13 Million |
+33.18% |
| 2010-12-31 | ฿1.16 Billion ≈ $36.14 Million |
+119.13% |
| 2009-12-31 | ฿529.17 Million ≈ $16.49 Million |
-1.52% |
| 2008-12-31 | ฿537.33 Million ≈ $16.75 Million |
+3.32% |
| 2007-12-31 | ฿520.06 Million ≈ $16.21 Million |
-2.91% |
| 2006-12-31 | ฿535.65 Million ≈ $16.70 Million |
-1.79% |
| 2005-12-31 | ฿545.41 Million ≈ $17.00 Million |
+2.94% |
| 2004-12-31 | ฿529.85 Million ≈ $16.52 Million |
+0.05% |
| 2003-12-31 | ฿529.61 Million ≈ $16.51 Million |
+1.99% |
| 2002-12-31 | ฿519.25 Million ≈ $16.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sub Sri Thai 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 3.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿58.51 Million | 4.12% |
| Common Stock | ฿526.46 Million | 37.11% |
| Other Comprehensive Income | ฿496.08 Million | 34.96% |
| Other Components | ฿337.77 Million | 23.81% |
| Total Equity | ฿1.42 Billion | 100.00% |
Sub Sri Thai Public Company Limited Competitors by Market Cap
The table below lists competitors of Sub Sri Thai Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Southern Mining Ltd
AU:GSN
|
$16.25 Million |
|
CPR Gomu Industrial PCL
BK:CPR
|
$16.25 Million |
|
Crookes Brothers Ltd
JSE:CKS
|
$16.25 Million |
|
JPMorgan Emerging Markets Ord
LSE:JMG
|
$16.26 Million |
|
Fathom Holdings Inc
NASDAQ:FTHM
|
$16.24 Million |
|
Prajay Engineers Syndicate Limited
NSE:PRAENG
|
$16.24 Million |
|
Ingress Industrial (Thailand) Public Company Limited
BK:INGRS
|
$16.24 Million |
|
123fahrschule SE
DU:123F
|
$16.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sub Sri Thai Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,939,881,078 to 1,418,825,598, a change of -521,055,480 (-26.9%).
- Net loss of 533,091,387 reduced equity.
- Other comprehensive income increased equity by 438,894,802.
- Other factors decreased equity by 426,858,895.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-533.09 Million | -37.57% |
| Other Comprehensive Income | ฿438.89 Million | +30.93% |
| Other Changes | ฿-426.86 Million | -30.09% |
| Total Change | ฿- | -26.86% |
Book Value vs Market Value Analysis
This analysis compares Sub Sri Thai 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: 0.37x
- 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 0.37x 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 | ฿0.96 | ฿0.99 | x |
| 2007-12-31 | ฿0.92 | ฿0.99 | x |
| 2008-12-31 | ฿0.95 | ฿0.99 | x |
| 2009-12-31 | ฿1.22 | ฿0.99 | x |
| 2010-12-31 | ฿2.73 | ฿0.99 | x |
| 2011-12-31 | ฿3.26 | ฿0.99 | x |
| 2012-12-31 | ฿2.79 | ฿0.99 | x |
| 2013-12-31 | ฿2.58 | ฿0.99 | x |
| 2014-12-31 | ฿3.90 | ฿0.99 | x |
| 2015-12-31 | ฿3.60 | ฿0.99 | x |
| 2016-12-31 | ฿3.56 | ฿0.99 | x |
| 2017-12-31 | ฿4.28 | ฿0.99 | x |
| 2018-12-31 | ฿4.36 | ฿0.99 | x |
| 2019-12-31 | ฿4.34 | ฿0.99 | x |
| 2020-12-31 | ฿3.87 | ฿0.99 | x |
| 2021-12-31 | ฿3.74 | ฿0.99 | x |
| 2022-12-31 | ฿3.91 | ฿0.99 | x |
| 2023-12-31 | ฿3.86 | ฿0.99 | x |
| 2024-12-31 | ฿3.68 | ฿0.99 | x |
| 2025-12-31 | ฿2.70 | ฿0.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sub Sri Thai 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): -37.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.85%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.42x
- Recent ROE (-37.57%) is below the historical average (0.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.85% | 33.58% | 0.17x | 1.04x | ฿-21.55 Million |
| 2003 | 6.39% | 33.27% | 0.18x | 1.04x | ฿-19.11 Million |
| 2004 | 6.70% | 34.55% | 0.18x | 1.06x | ฿-17.51 Million |
| 2005 | 7.69% | 34.63% | 0.20x | 1.09x | ฿-12.59 Million |
| 2006 | 9.43% | 34.44% | 0.22x | 1.24x | ฿-3.04 Million |
| 2007 | 5.84% | 20.04% | 0.24x | 1.23x | ฿-21.62 Million |
| 2008 | 8.39% | 25.21% | 0.28x | 1.20x | ฿-8.63 Million |
| 2009 | 10.53% | 28.03% | 0.27x | 1.37x | ฿2.79 Million |
| 2010 | 4.42% | 17.27% | 0.17x | 1.55x | ฿-64.65 Million |
| 2011 | 27.08% | 103.89% | 0.13x | 2.04x | ฿263.34 Million |
| 2012 | -11.70% | -8.46% | 0.48x | 2.91x | ฿-337.03 Million |
| 2013 | -7.48% | -5.06% | 0.49x | 3.03x | ฿-251.75 Million |
| 2014 | 16.57% | 14.71% | 0.44x | 2.57x | ฿143.10 Million |
| 2015 | -3.19% | -2.08% | 0.56x | 2.74x | ฿-264.75 Million |
| 2016 | -7.44% | -4.34% | 0.62x | 2.78x | ฿-327.15 Million |
| 2017 | -0.95% | -0.68% | 0.51x | 2.75x | ฿-246.63 Million |
| 2018 | 1.95% | 1.29% | 0.61x | 2.49x | ฿-184.63 Million |
| 2019 | -0.32% | -0.22% | 0.59x | 2.44x | ฿-235.79 Million |
| 2020 | -21.91% | -17.37% | 0.37x | 3.42x | ฿-649.42 Million |
| 2021 | -3.92% | -3.02% | 0.37x | 3.55x | ฿-274.12 Million |
| 2022 | 5.77% | 2.98% | 0.50x | 3.87x | ฿-87.08 Million |
| 2023 | -0.03% | -0.01% | 0.52x | 3.76x | ฿-203.74 Million |
| 2024 | -15.50% | -8.88% | 0.47x | 3.75x | ฿-494.75 Million |
| 2025 | -37.57% | -19.85% | 0.43x | 4.42x | ฿-674.97 Million |
Industry Comparison
This section compares Sub Sri Thai 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: $3,019,525,434
- Average return on equity (ROE) among peers: 1.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sub Sri Thai Public Company Limited (SST) | ฿1.54 Billion | 5.85% | 2.87x | $16.25 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $178.46 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.28 Billion | 11.16% | 0.06x | $30.92 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $810.43 Million | -18.22% | 0.46x | $16.07 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.27 Billion | 12.45% | 0.07x | $18.65 Million |
| GFPT Public Company Limited (GFPT) | $17.74 Billion | 7.76% | 0.43x | $336.09 Million |
| J.S.P. Property Public Company Limited (JSP) | $930.50 Million | -0.14% | 0.44x | $25.15 Million |
| Thai Ha Public Company Limited (KASET) | $236.43 Million | -29.19% | 1.83x | $5.98 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.18 Billion | 12.47% | 0.14x | $70.59 Million |
| Malee Group Public Company Limited (MALEE) | $1.02 Billion | 30.22% | 1.95x | $69.06 Million |
| President Bakery Public Company Limited (PB) | $3.56 Billion | 23.97% | 0.34x | $673.25 Million |
About Sub Sri Thai Public Company Limited
Sub Sri Thai Public Company Limited, together with its subsidiaries, engages in food and beverage, warehouse and wharf, and garment businesses in Thailand and internationally. The company offers snacks, drinks, and ice cream, as well as operates restaurants. It also provides warehouse rental; document and electronic media storage and management; wharf services; strong room storage; document stora… Read more