STONE ONE PUBLIC COMPANY LIMITED
Stone One Public Company Limited produces and distributes industrial stone products in Thailand. The company offers granite, limestone, and dolomite stone products. It also provides stone and sand transportation services. The company was incorporated in 1996 and is based in Bangkok, Thailand.
STONE ONE PUBLIC COMPANY LIMITED (STX) - Net Assets
Latest net assets as of September 2025: ฿889.65 Million THB
Based on the latest financial reports, STONE ONE PUBLIC COMPANY LIMITED (STX) has net assets worth ฿889.65 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿989.10 Million) and total liabilities (฿99.45 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 | ฿889.65 Million |
| % of Total Assets | 89.95% |
| Annual Growth Rate | 8.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.79 |
STONE ONE PUBLIC COMPANY LIMITED - Net Assets Trend (2020–2024)
This chart illustrates how STONE ONE 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 STONE ONE PUBLIC COMPANY LIMITED (2020–2024)
The table below shows the annual net assets of STONE ONE PUBLIC COMPANY LIMITED from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿866.40 Million | +34.65% |
| 2023-12-31 | ฿643.44 Million | +6.65% |
| 2022-12-31 | ฿603.31 Million | -1.72% |
| 2021-12-31 | ฿613.89 Million | -0.92% |
| 2020-12-31 | ฿619.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to STONE ONE 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 107.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿106.71 Million | 12.32% |
| Other Components | ฿759.68 Million | 87.68% |
| Total Equity | ฿866.40 Million | 100.00% |
STONE ONE PUBLIC COMPANY LIMITED Competitors by Market Cap
The table below lists competitors of STONE ONE PUBLIC COMPANY LIMITED ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CEL.AS.SEC.HLD.NEW HD-02
F:CE0
|
$3.55 Million |
|
Active Biotech AB
ST:ACTI
|
$3.55 Million |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
$3.55 Million |
|
Agrogeneration
PA:ALAGR
|
$3.55 Million |
|
INGERSOLL-RAND (2IS.SG)
STU:2IS
|
$3.55 Million |
|
Ubis (Asia) Public Company Limited
BK:UBIS
|
$3.54 Million |
|
Primech Holdings Ltd. Ordinary Shares
NASDAQ:PMEC
|
$3.54 Million |
|
Suryalakshmi Cotton Mills Limited
NSE:SURYALAXMI
|
$3.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in STONE ONE PUBLIC COMPANY LIMITED's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 643,437,503 to 866,398,325, a change of 222,960,822 (34.7%).
- Net income of 51,764,795 contributed positively to equity growth.
- Dividend payments of 16,892,348 reduced retained earnings.
- New share issuances of 195,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿51.76 Million | +5.97% |
| Dividends Paid | ฿16.89 Million | -1.95% |
| Share Issuances | ฿195.00 Million | +22.51% |
| Other Changes | ฿-6.91 Million | -0.8% |
| Total Change | ฿- | 34.65% |
Book Value vs Market Value Analysis
This analysis compares STONE ONE 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: 0.36x
- 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 0.51x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ฿2.02 | ฿1.02 | x |
| 2021-12-31 | ฿2.00 | ฿1.02 | x |
| 2022-12-31 | ฿1.96 | ฿1.02 | x |
| 2023-12-31 | ฿2.09 | ฿1.02 | x |
| 2024-12-31 | ฿2.82 | ฿1.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently STONE ONE 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): 5.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.73%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.10x
- Recent ROE (5.97%) is above the historical average (4.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.35% | 8.22% | 0.55x | 1.18x | ฿-28.81 Million |
| 2021 | 3.01% | 5.19% | 0.50x | 1.16x | ฿-42.89 Million |
| 2022 | 3.57% | 9.00% | 0.34x | 1.17x | ฿-38.77 Million |
| 2023 | 5.91% | 12.02% | 0.42x | 1.18x | ฿-26.31 Million |
| 2024 | 5.97% | 12.73% | 0.43x | 1.10x | ฿-34.88 Million |
Industry Comparison
This section compares STONE ONE PUBLIC COMPANY LIMITED's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,900,068,763
- Average return on equity (ROE) among peers: 5.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| STONE ONE PUBLIC COMPANY LIMITED (STX) | ฿889.65 Million | 5.35% | 0.11x | $3.55 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.46 Billion | -1.54% | 1.04x | $9.62 Million |
| CPanel PCL (CPANEL) | $453.90 Million | 14.97% | 0.51x | $3.90 Million |
| Dcon Products Public Company Limited (DCON) | $441.78 Million | 7.34% | 0.46x | $9.17 Million |
| General Engineering Public Company Limited (GEL) | $527.67 Million | -12.22% | 0.64x | $4.96 Million |
| SCG Decor PCL (SCGD) | $21.31 Billion | 1.54% | 0.95x | $61.51 Million |
| Southern Concrete Pile PCL (SCP) | $442.74 Million | 10.24% | 1.50x | $31.95 Million |
| Sirakorn PCL (SK) | $423.20 Million | 11.79% | 0.28x | $4.35 Million |
| Smart Concrete Public Company Limited (SMART) | $671.77 Million | 15.87% | 0.22x | $5.27 Million |
| STC Concrete Product Public Company Limited (STC) | $366.28 Million | 2.62% | 1.17x | $1.51 Million |