STP&I Public Company Limited (STPI) - Net Assets

Latest as of September 2025: ฿9.30 Billion THB ≈ $289.75 Million USD

Based on the latest financial reports, STP&I Public Company Limited (STPI) has net assets worth ฿9.30 Billion THB (≈ $289.75 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 (฿15.26 Billion ≈ $475.71 Million USD) and total liabilities (฿5.97 Billion ≈ $185.95 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 how strategically is STP&I Public Company Limited's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿9.30 Billion
% of Total Assets	60.91%
Annual Growth Rate	16.77%
5-Year Change	18.69%
10-Year Change	-7.96%
Growth Volatility	39.17

STP&I Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how STP&I Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see STPI market cap overview.

Annual Net Assets for STP&I Public Company Limited (2000–2024)

The table below shows the annual net assets of STP&I Public Company Limited from 2000 to 2024. Also explore STP&I Public Company Limited (STPI) net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	฿9.11 Billion ≈ $283.80 Million	+16.43%
2023-12-31	฿7.82 Billion ≈ $243.75 Million	+0.93%
2022-12-31	฿7.75 Billion ≈ $241.51 Million	-2.61%
2021-12-31	฿7.96 Billion ≈ $248.00 Million	+3.72%
2020-12-31	฿7.67 Billion ≈ $239.10 Million	-15.61%
2019-12-31	฿9.09 Billion ≈ $283.34 Million	+19.88%
2018-12-31	฿7.58 Billion ≈ $236.35 Million	-6.33%
2017-12-31	฿8.09 Billion ≈ $252.31 Million	-27.96%
2016-12-31	฿11.24 Billion ≈ $350.24 Million	+13.58%
2015-12-31	฿9.89 Billion ≈ $308.35 Million	+22.97%
2014-12-31	฿8.04 Billion ≈ $250.75 Million	+36.10%
2013-12-31	฿5.91 Billion ≈ $184.23 Million	+37.12%
2012-12-31	฿4.31 Billion ≈ $134.36 Million	+39.10%
2011-12-31	฿3.10 Billion ≈ $96.59 Million	-4.29%
2010-12-31	฿3.24 Billion ≈ $100.92 Million	+27.83%
2009-12-31	฿2.53 Billion ≈ $78.94 Million	+43.42%
2008-12-31	฿1.77 Billion ≈ $55.04 Million	+114.35%
2007-12-31	฿823.88 Million ≈ $25.68 Million	-2.27%
2006-12-31	฿842.99 Million ≈ $26.28 Million	+40.73%
2005-12-31	฿599.01 Million ≈ $18.67 Million	+32.66%
2004-12-31	฿451.54 Million ≈ $14.07 Million	-9.77%
2003-12-31	฿500.42 Million ≈ $15.60 Million	+17.24%
2002-12-31	฿426.84 Million ≈ $13.30 Million	-22.31%
2001-12-31	฿549.43 Million ≈ $17.13 Million	+149.04%
2000-12-31	฿220.62 Million ≈ $6.88 Million	--

Equity Component Analysis

This analysis shows how different components contribute to STP&I 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 594139672400.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿5.94 Billion	68.97%
Common Stock	฿453.07 Million	5.26%
Other Comprehensive Income	฿45.31 Million	0.53%
Other Components	฿2.17 Billion	25.24%
Total Equity	฿8.61 Billion	100.00%

STP&I Public Company Limited Competitors by Market Cap

The table below lists competitors of STP&I Public Company Limited ranked by their market capitalization.

Company	Market Cap
Total Bangun Persada Tbk JK:TOTL	$310.71 Million
Perpetual Equity Investment Company Ltd AU:PIC	$310.76 Million
Vicore Pharma Holding AB (publ) ST:VICO	$310.84 Million
ZheJiang HuaSheng Technology Co.Ltd SHG:605180	$310.86 Million
Tien Phong Securities Corp VN:ORS	$310.54 Million
Austindo Nusantara Jaya Tbk JK:ANJT	$310.54 Million
Shandong Zhangqiu Blower Co Ltd SHE:002598	$310.51 Million
Abeona Therapeutics Inc NASDAQ:ABEO	$310.51 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,696,458,914 to 8,614,367,433, a change of 917,908,519 (11.9%).
Net income of 90,967,693 contributed positively to equity growth.
New share issuances of 167,270,150 increased equity.
Other comprehensive income increased equity by 4,677,100.
Other factors increased equity by 654,993,576.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿90.97 Million	+1.06%
Share Issuances	฿167.27 Million	+1.94%
Other Comprehensive Income	฿4.68 Million	+0.05%
Other Changes	฿654.99 Million	+7.6%
Total Change	฿-	11.93%

Book Value vs Market Value Analysis

This analysis compares STP&I 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: 1.06x
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 13.19x to 1.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿0.42	฿5.50	x
2005-12-31	฿0.55	฿5.50	x
2006-12-31	฿0.77	฿5.50	x
2007-12-31	฿0.75	฿5.50	x
2008-12-31	฿1.33	฿5.50	x
2009-12-31	฿1.65	฿5.50	x
2010-12-31	฿2.02	฿5.50	x
2011-12-31	฿1.93	฿5.50	x
2012-12-31	฿2.65	฿5.50	x
2013-12-31	฿3.62	฿5.50	x
2014-12-31	฿4.95	฿5.50	x
2015-12-31	฿6.09	฿5.50	x
2016-12-31	฿6.57	฿5.50	x
2017-12-31	฿4.65	฿5.50	x
2018-12-31	฿4.25	฿5.50	x
2019-12-31	฿5.21	฿5.50	x
2020-12-31	฿4.59	฿5.50	x
2021-12-31	฿4.83	฿5.50	x
2022-12-31	฿4.72	฿5.50	x
2023-12-31	฿4.81	฿5.50	x
2024-12-31	฿5.17	฿5.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently STP&I 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): 1.06%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.63%
• Asset Turnover: 0.16x
• Equity Multiplier: 1.81x
Recent ROE (1.06%) is below the historical average (15.80%), 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	21.94%	7.85%	1.27x	2.20x	฿65.60 Million
2003	14.86%	7.35%	1.05x	1.92x	฿24.34 Million
2004	-10.90%	-5.68%	0.88x	2.18x	฿-94.36 Million
2005	24.52%	5.47%	1.74x	2.58x	฿86.95 Million
2006	29.05%	12.10%	1.33x	1.81x	฿160.61 Million
2007	-0.80%	-0.44%	0.65x	2.85x	฿-88.97 Million
2008	56.14%	13.97%	1.20x	3.35x	฿814.88 Million
2009	51.06%	14.52%	1.40x	2.52x	฿1.04 Billion
2010	62.43%	40.04%	1.19x	1.32x	฿1.70 Billion
2011	12.89%	39.91%	0.28x	1.14x	฿89.61 Million
2012	25.28%	34.71%	0.43x	1.68x	฿658.70 Million
2013	32.29%	33.67%	0.52x	1.84x	฿1.32 Billion
2014	32.66%	22.39%	0.84x	1.74x	฿1.82 Billion
2015	26.23%	19.42%	1.05x	1.29x	฿1.61 Billion
2016	12.79%	14.10%	0.77x	1.18x	฿297.98 Million
2017	-33.05%	-248.26%	0.10x	1.34x	฿-3.25 Billion
2018	-9.11%	-52.96%	0.11x	1.57x	฿-1.32 Billion
2019	24.68%	88.50%	0.18x	1.52x	฿1.24 Billion
2020	-14.90%	-62.39%	0.14x	1.72x	฿-1.84 Billion
2021	4.15%	14.18%	0.19x	1.51x	฿-451.24 Million
2022	-2.53%	-5.08%	0.34x	1.47x	฿-945.76 Million
2023	2.61%	5.17%	0.32x	1.59x	฿-568.66 Million
2024	1.06%	3.63%	0.16x	1.81x	฿-770.47 Million

Industry Comparison

This section compares STP&I Public Company Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $1,290,889,144
Average return on equity (ROE) among peers: -35.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
STP&I Public Company Limited (STPI)	฿9.30 Billion	21.94%	0.64x	$310.68 Million
BJC Heavy Industries Public Company Limited (BJCHI)	$4.39 Billion	27.47%	0.10x	$167.02 Million
Bangkok Sheet Metal Public Company Limited (BM)	$684.07 Million	6.48%	0.31x	$28.44 Million
BT Wealth Industries Public Company Limited (BTW)	$277.16 Million	-277.64%	1.79x	$2.59 Million
City Steel Public Company Limited (CITY)	$716.34 Million	16.32%	0.07x	$13.75 Million
Fine Metal Technologies Public Company Limited (FMT)	$1.25 Billion	19.69%	1.61x	$28.88 Million
K.C. Metalsheet Public Company Limited (KCM)	$430.65 Million	-3.08%	0.43x	$5.93 Million

About STP&I Public Company Limited

BK:STPI Thailand Metal Fabrication

Market Cap

$310.68 Million

฿9.97 Billion THB

Market Cap Rank

#14698 Global

#171 in Thailand

Share Price

฿5.50

Change (1 day)

+0.92%

52-Week Range

฿3.60 - ฿6.95

All Time High

฿13.14