Syntec Construction Public Company Limited (SYNTEC) - Net Assets
Based on the latest financial reports, Syntec Construction Public Company Limited (SYNTEC) has net assets worth ฿6.35 Billion THB (≈ $197.89 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 (฿10.33 Billion ≈ $322.06 Million USD) and total liabilities (฿3.98 Billion ≈ $124.17 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 asset resilience ratio of Syntec Construction Public Company Limit to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿6.35 Billion |
| % of Total Assets | 61.44% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1.07% |
| 10-Year Change | 72.54% |
| Growth Volatility | 113.28 |
Syntec Construction Public Company Limited - Net Assets Trend (1999–2024)
This chart illustrates how Syntec Construction Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Syntec Construction Public Company Limit (SYNTEC) total assets for the complete picture of this company's asset base.
Annual Net Assets for Syntec Construction Public Company Limited (1999–2024)
The table below shows the annual net assets of Syntec Construction Public Company Limited from 1999 to 2024. For live valuation and market cap data, see Syntec Construction Public Company Limit market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿6.23 Billion ≈ $194.26 Million |
+6.82% |
| 2023-12-31 | ฿5.83 Billion ≈ $181.87 Million |
+0.30% |
| 2022-12-31 | ฿5.82 Billion ≈ $181.33 Million |
-5.41% |
| 2021-12-31 | ฿6.15 Billion ≈ $191.70 Million |
-0.26% |
| 2020-12-31 | ฿6.17 Billion ≈ $192.21 Million |
-1.18% |
| 2019-12-31 | ฿6.24 Billion ≈ $194.50 Million |
+2.89% |
| 2018-12-31 | ฿6.06 Billion ≈ $189.03 Million |
+9.00% |
| 2017-12-31 | ฿5.56 Billion ≈ $173.42 Million |
+15.86% |
| 2016-12-31 | ฿4.80 Billion ≈ $149.68 Million |
+32.94% |
| 2015-12-31 | ฿3.61 Billion ≈ $112.59 Million |
+18.97% |
| 2014-12-31 | ฿3.04 Billion ≈ $94.64 Million |
+18.39% |
| 2013-12-31 | ฿2.56 Billion ≈ $79.94 Million |
+16.22% |
| 2012-12-31 | ฿2.21 Billion ≈ $68.78 Million |
-3.47% |
| 2011-12-31 | ฿2.29 Billion ≈ $71.25 Million |
-1.66% |
| 2010-12-31 | ฿2.32 Billion ≈ $72.46 Million |
+6.46% |
| 2009-12-31 | ฿2.18 Billion ≈ $68.06 Million |
+26.66% |
| 2008-12-31 | ฿1.72 Billion ≈ $53.73 Million |
+1.91% |
| 2007-12-31 | ฿1.69 Billion ≈ $52.73 Million |
+14.27% |
| 2006-12-31 | ฿1.48 Billion ≈ $46.14 Million |
+5.68% |
| 2005-12-31 | ฿1.40 Billion ≈ $43.67 Million |
-3.38% |
| 2004-12-31 | ฿1.45 Billion ≈ $45.19 Million |
+2.32% |
| 2003-12-31 | ฿1.42 Billion ≈ $44.17 Million |
+559.02% |
| 2002-12-31 | ฿215.01 Million ≈ $6.70 Million |
+87.52% |
| 2001-12-31 | ฿114.66 Million ≈ $3.57 Million |
+101.30% |
| 2000-12-31 | ฿-8.85 Billion ≈ $-275.84 Million |
-10.04% |
| 1999-12-31 | ฿-8.04 Billion ≈ $-250.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Syntec Construction 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 371501092200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.72 Billion | 65.12% |
| Common Stock | ฿1.59 Billion | 27.89% |
| Other Comprehensive Income | ฿160.00 Million | 2.80% |
| Other Components | ฿238.67 Million | 4.18% |
| Total Equity | ฿5.70 Billion | 100.00% |
Syntec Construction Public Company Limited Competitors by Market Cap
The table below lists competitors of Syntec Construction Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Awea Mechantronic Co Ltd
TW:1530
|
$78.83 Million |
|
Llorente & Cuenca S.A.
MC:LLYC
|
$78.93 Million |
|
Intiland Development Tbk
JK:DILD
|
$78.96 Million |
|
Trias Sentosa Tbk
JK:TRST
|
$78.98 Million |
|
MAG Holdings Berhad
KLSE:0095
|
$78.81 Million |
|
Focus Point Holdings Bhd
KLSE:0157
|
$78.78 Million |
|
NWF GROUP PLC LS-25
F:NYY
|
$78.71 Million |
|
RingNet Co. Ltd
KQ:042500
|
$78.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Syntec Construction Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,323,047,716 to 5,704,636,137, a change of 381,588,421 (7.2%).
- Net income of 529,214,842 contributed positively to equity growth.
- Dividend payments of 95,455,284 reduced retained earnings.
- Other comprehensive income decreased equity by 297,685,169.
- Other factors increased equity by 245,514,032.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿529.21 Million | +9.28% |
| Dividends Paid | ฿95.46 Million | -1.67% |
| Other Comprehensive Income | ฿-297.69 Million | -5.22% |
| Other Changes | ฿245.51 Million | +4.3% |
| Total Change | ฿- | 7.17% |
Book Value vs Market Value Analysis
This analysis compares Syntec Construction 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: 0.45x
- 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 1.77x to 0.45x 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 | ฿0.91 | ฿1.60 | x |
| 2005-12-31 | ฿0.88 | ฿1.60 | x |
| 2006-12-31 | ฿0.94 | ฿1.60 | x |
| 2007-12-31 | ฿1.09 | ฿1.60 | x |
| 2008-12-31 | ฿1.08 | ฿1.60 | x |
| 2009-12-31 | ฿1.36 | ฿1.60 | x |
| 2010-12-31 | ฿1.45 | ฿1.60 | x |
| 2011-12-31 | ฿1.43 | ฿1.60 | x |
| 2012-12-31 | ฿1.35 | ฿1.60 | x |
| 2013-12-31 | ฿1.55 | ฿1.60 | x |
| 2014-12-31 | ฿1.83 | ฿1.60 | x |
| 2015-12-31 | ฿2.15 | ฿1.60 | x |
| 2016-12-31 | ฿2.65 | ฿1.60 | x |
| 2017-12-31 | ฿3.14 | ฿1.60 | x |
| 2018-12-31 | ฿3.44 | ฿1.60 | x |
| 2019-12-31 | ฿3.54 | ฿1.60 | x |
| 2020-12-31 | ฿3.52 | ฿1.60 | x |
| 2021-12-31 | ฿3.52 | ฿1.60 | x |
| 2022-12-31 | ฿3.33 | ฿1.60 | x |
| 2023-12-31 | ฿3.35 | ฿1.60 | x |
| 2024-12-31 | ฿3.59 | ฿1.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Syntec Construction 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): 9.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.54%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.88x
- Recent ROE (9.28%) is below the historical average (415.87%), 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 | 9724.45% | 1976.04% | 0.44x | 11.09x | ฿8.43 Billion |
| 2002 | 100.10% | 35.63% | 0.50x | 5.67x | ฿184.87 Million |
| 2003 | 0.33% | 0.61% | 0.28x | 1.95x | ฿-136.40 Million |
| 2004 | -9.29% | -3.79% | 1.11x | 2.21x | ฿-279.61 Million |
| 2005 | -3.50% | -1.72% | 1.06x | 1.92x | ฿-189.07 Million |
| 2006 | 14.91% | 6.42% | 1.20x | 1.94x | ฿72.66 Million |
| 2007 | 14.66% | 4.57% | 1.60x | 2.00x | ฿78.89 Million |
| 2008 | 15.53% | 4.38% | 1.55x | 2.28x | ฿95.27 Million |
| 2009 | 14.57% | 5.07% | 1.37x | 2.10x | ฿99.75 Million |
| 2010 | 8.75% | 3.92% | 1.20x | 1.87x | ฿-28.98 Million |
| 2011 | 4.25% | 2.06% | 1.08x | 1.91x | ฿-131.35 Million |
| 2012 | -6.12% | -2.72% | 1.12x | 2.01x | ฿-347.92 Million |
| 2013 | 3.26% | 1.30% | 1.14x | 2.20x | ฿-166.86 Million |
| 2014 | 13.56% | 5.67% | 1.13x | 2.11x | ฿104.15 Million |
| 2015 | 18.63% | 8.90% | 1.07x | 1.96x | ฿296.56 Million |
| 2016 | 20.50% | 11.09% | 0.82x | 2.24x | ฿445.91 Million |
| 2017 | 20.08% | 11.12% | 0.91x | 1.98x | ฿506.13 Million |
| 2018 | 11.31% | 8.63% | 0.70x | 1.87x | ฿72.23 Million |
| 2019 | 5.21% | 3.51% | 0.82x | 1.82x | ฿-269.94 Million |
| 2020 | 3.28% | 2.32% | 0.75x | 1.89x | ฿-375.90 Million |
| 2021 | 1.14% | 1.22% | 0.53x | 1.76x | ฿-496.17 Million |
| 2022 | -7.72% | -8.01% | 0.52x | 1.84x | ฿-938.12 Million |
| 2023 | 3.60% | 2.62% | 0.68x | 2.03x | ฿-340.53 Million |
| 2024 | 9.28% | 6.54% | 0.76x | 1.88x | ฿-41.25 Million |
Industry Comparison
This section compares Syntec Construction Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,351,797,638
- Average return on equity (ROE) among peers: -5.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Syntec Construction Public Company Limited (SYNTEC) | ฿6.35 Billion | 9724.45% | 0.63x | $78.83 Million |
| Asia Precision Public Company Limited (APCS) | $1.70 Billion | 13.02% | 0.70x | $28.80 Million |
| CH. Karnchang PCL (CK) | $2.95 Billion | 0.00% | 4.00x | $890.38 Million |
| CH. Karnchang Public Company Limited (CK-R) | $27.81 Billion | 6.39% | 1.97x | $874.67 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $962.87 Million | 14.14% | 1.76x | $32.68 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $281.94 Million | -27.02% | 2.02x | $4.83 Million |
| Demco Public Company Limited (DEMCO) | $3.59 Billion | -15.33% | 0.79x | $51.03 Million |
| EMC Public Company Limited (EMC) | $916.22 Million | 3.70% | 2.17x | $11.75 Million |
| Floyd Public Company Limited (FLOYD) | $45.87 Million | 24.77% | 3.63x | $15.65 Million |
| Hydrotek Public Company Limited (HYDRO) | $280.51 Million | -63.33% | 1.38x | $25.79 Million |
| Italian-Thai Development Public Company Limited (ITD) | $14.98 Billion | -14.32% | 2.38x | $41.14 Million |
About Syntec Construction Public Company Limited
Syntec Construction Public Company Limited, together with its subsidiaries, provides construction and real estate development services in Thailand. It operates in four segments: Construction Business; Real Estate Development for Room Service or Service Apartment and Rental Business; Operate the Management Business for Hotel, Service Apartment, and Other Properties; and Provide Consulting Services… Read more