Saha-Union Public Company Limited (SUC) - Net Assets

Latest as of September 2025: ฿25.64 Billion THB ≈ $799.16 Million USD

Based on the latest financial reports, Saha-Union Public Company Limited (SUC) has net assets worth ฿25.64 Billion THB (≈ $799.16 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 (฿28.04 Billion ≈ $874.13 Million USD) and total liabilities (฿2.41 Billion ≈ $74.97 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 SUC cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿25.64 Billion
% of Total Assets	91.42%
Annual Growth Rate	3.42%
5-Year Change	10.72%
10-Year Change	24.6%
Growth Volatility	4.66

Saha-Union Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Saha-Union Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore SUC current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Saha-Union Public Company Limited (2000–2024)

The table below shows the annual net assets of Saha-Union Public Company Limited from 2000 to 2024. For live valuation and market cap data, see SUC stock market capitalisation.

Year	Net Assets	Change
2024-12-31	฿25.28 Billion ≈ $787.93 Million	+2.94%
2023-12-31	฿24.56 Billion ≈ $765.45 Million	+1.96%
2022-12-31	฿24.09 Billion ≈ $750.77 Million	+0.68%
2021-12-31	฿23.92 Billion ≈ $745.68 Million	+4.78%
2020-12-31	฿22.83 Billion ≈ $711.66 Million	+3.43%
2019-12-31	฿22.08 Billion ≈ $688.07 Million	-1.32%
2018-12-31	฿22.37 Billion ≈ $697.28 Million	+3.04%
2017-12-31	฿21.71 Billion ≈ $676.68 Million	+3.65%
2016-12-31	฿20.95 Billion ≈ $652.85 Million	+3.24%
2015-12-31	฿20.29 Billion ≈ $632.35 Million	+5.05%
2014-12-31	฿19.31 Billion ≈ $601.97 Million	+2.47%
2013-12-31	฿18.85 Billion ≈ $587.45 Million	+7.23%
2012-12-31	฿17.58 Billion ≈ $547.82 Million	+3.98%
2011-12-31	฿16.90 Billion ≈ $526.85 Million	+6.44%
2010-12-31	฿15.88 Billion ≈ $494.96 Million	+7.37%
2009-12-31	฿14.79 Billion ≈ $460.97 Million	-10.32%
2008-12-31	฿16.49 Billion ≈ $514.04 Million	+8.78%
2007-12-31	฿15.16 Billion ≈ $472.55 Million	+2.39%
2006-12-31	฿14.81 Billion ≈ $461.53 Million	-0.93%
2005-12-31	฿14.95 Billion ≈ $465.85 Million	+7.20%
2004-12-31	฿13.94 Billion ≈ $434.55 Million	-2.22%
2003-12-31	฿14.26 Billion ≈ $444.43 Million	+0.57%
2002-12-31	฿14.18 Billion ≈ $441.93 Million	+11.63%
2001-12-31	฿12.70 Billion ≈ $395.88 Million	+12.59%
2000-12-31	฿11.28 Billion ≈ $351.62 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Saha-Union 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 263.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿16.76 Billion	71.28%
Common Stock	฿3.00 Billion	12.76%
Other Comprehensive Income	฿1.51 Billion	6.41%
Other Components	฿2.25 Billion	9.55%
Total Equity	฿23.52 Billion	100.00%

Saha-Union Public Company Limited Competitors by Market Cap

The table below lists competitors of Saha-Union Public Company Limited ranked by their market capitalization.

Company	Market Cap
Bombay Dyeing & Mfg Company Limited NSE:BOMDYEING	$252.53 Million
Tantalus Systems Holding Inc TO:GRID	$252.59 Million
Jackson Acquisition Company II NYSE:JACS	$252.70 Million
Bank of Zhengzhou Co. Ltd F:3BZ	$252.75 Million
VNV Global AB ST:VNV	$252.46 Million
AK Sigorta AS IS:AKGRT	$252.37 Million
Te Chang Construction Co Ltd TWO:5511	$252.32 Million
Humana AB (publ) ST:HUM	$252.31 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 22,848,775,994 to 23,519,094,484, a change of 670,318,490 (2.9%).
Net income of 1,544,907,751 contributed positively to equity growth.
Dividend payments of 436,179,009 reduced retained earnings.
Other comprehensive income increased equity by 1,224,315,595.
Other factors decreased equity by 1,662,725,847.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿1.54 Billion	+6.57%
Dividends Paid	฿436.18 Million	-1.85%
Other Comprehensive Income	฿1.22 Billion	+5.21%
Other Changes	฿-1.66 Billion	-7.07%
Total Change	฿-	2.93%

Book Value vs Market Value Analysis

This analysis compares Saha-Union 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: 0.33x
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 0.61x to 0.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	฿44.43	฿27.00	x
2002-12-31	฿44.59	฿27.00	x
2003-12-31	฿45.26	฿27.00	x
2004-12-31	฿43.08	฿27.00	x
2005-12-31	฿46.77	฿27.00	x
2006-12-31	฿46.64	฿27.00	x
2007-12-31	฿46.89	฿27.00	x
2008-12-31	฿45.70	฿27.00	x
2009-12-31	฿46.49	฿27.00	x
2010-12-31	฿49.69	฿27.00	x
2011-12-31	฿53.14	฿27.00	x
2012-12-31	฿55.70	฿27.00	x
2013-12-31	฿59.95	฿27.00	x
2014-12-31	฿61.33	฿27.00	x
2015-12-31	฿63.76	฿27.00	x
2016-12-31	฿65.76	฿27.00	x
2017-12-31	฿68.55	฿27.00	x
2018-12-31	฿70.62	฿27.00	x
2019-12-31	฿69.96	฿27.00	x
2020-12-31	฿72.47	฿27.00	x
2021-12-31	฿75.95	฿27.00	x
2022-12-31	฿76.92	฿27.00	x
2023-12-31	฿78.58	฿27.00	x
2024-12-31	฿80.88	฿27.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Saha-Union 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): 6.57%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.18%
• Asset Turnover: 0.33x
• Equity Multiplier: 1.18x
Recent ROE (6.57%) is above the historical average (6.11%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	8.36%	5.25%	1.04x	1.53x	฿-188.01 Million
2002	7.42%	5.38%	0.97x	1.42x	฿-334.41 Million
2003	7.84%	5.69%	0.91x	1.51x	฿-285.12 Million
2004	3.40%	2.41%	0.85x	1.66x	฿-825.45 Million
2005	6.31%	4.61%	0.91x	1.51x	฿-499.90 Million
2006	8.88%	6.36%	0.95x	1.48x	฿-151.61 Million
2007	4.06%	3.40%	0.81x	1.47x	฿-808.23 Million
2008	2.12%	2.14%	0.67x	1.48x	฿-1.04 Billion
2009	7.29%	10.52%	0.49x	1.40x	฿-365.95 Million
2010	12.66%	17.98%	0.53x	1.32x	฿382.88 Million
2011	4.79%	8.43%	0.40x	1.43x	฿-802.75 Million
2012	7.61%	13.17%	0.40x	1.44x	฿-385.88 Million
2013	5.40%	9.97%	0.44x	1.24x	฿-800.01 Million
2014	5.64%	10.36%	0.44x	1.24x	฿-775.04 Million
2015	4.96%	9.07%	0.43x	1.28x	฿-931.72 Million
2016	6.94%	12.09%	0.46x	1.26x	฿-583.91 Million
2017	6.76%	12.57%	0.42x	1.28x	฿-643.74 Million
2018	7.24%	13.52%	0.42x	1.26x	฿-566.09 Million
2019	5.48%	10.95%	0.40x	1.24x	฿-917.87 Million
2020	4.01%	9.68%	0.34x	1.22x	฿-1.26 Billion
2021	2.72%	7.19%	0.32x	1.20x	฿-1.61 Billion
2022	4.86%	11.67%	0.35x	1.17x	฿-1.15 Billion
2023	5.22%	13.07%	0.34x	1.17x	฿-1.09 Billion
2024	6.57%	17.18%	0.33x	1.18x	฿-807.00 Million

Industry Comparison

This section compares Saha-Union Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $55,920,537,445
Average return on equity (ROE) among peers: 4.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Saha-Union Public Company Limited (SUC)	฿25.64 Billion	8.36%	0.09x	$252.47 Million
Advanced Connection Corporation Public Company Limited (ACC)	$525.99 Million	-14.49%	0.74x	$26.37 Million
Berli Jucker PCL (BJC)	$11.37 Billion	11.10%	1.03x	$1.76 Billion
Eastern Technical Engineering Public Company Limited (ETE)	$827.00 Million	3.46%	1.65x	$10.47 Million
Forth Corporation Public Company Limited (FORTH)	$2.63 Billion	13.91%	1.61x	$269.68 Million
Loxley Public Company Limited (LOXLEY)	$6.41 Billion	5.50%	1.15x	$91.78 Million
MBK Public Company Limited (MBK)	$10.46 Billion	13.39%	1.02x	$740.55 Million
MBK Public Company Limited (MBK-R)	$20.35 Billion	10.09%	1.09x	$775.40 Million
The Siam Cement Public Company Limited (SCC)	$450.01 Billion	10.48%	0.91x	$8.98 Billion
Siamraj Public Company Limited (SR)	$692.17 Million	-17.03%	2.42x	$6.33 Million

About Saha-Union Public Company Limited

BK:SUC Thailand Conglomerates

Market Cap

$252.47 Million

฿8.10 Billion THB

Market Cap Rank

#15654 Global

#180 in Thailand

Share Price

฿27.00

Change (1 day)

-0.92%

52-Week Range

฿27.00 - ฿30.25

All Time High

฿37.66