Ubis (Asia) Public Company Limited
Ubis (Asia) Public Company Limited, together with its subsidiaries, manufactures and distributes sealing compounds, lacquers, and coatings used in can production and bottle closures for the food, beverage, and general industries in Thailand, China, and internationally. The company offers can coating lacquer, such as external, internal, and repair lacquers, as well as side stripes; and compound se… Read more
Ubis (Asia) Public Company Limited (UBIS) - Net Assets
Latest net assets as of September 2025: ฿657.08 Million THB
Based on the latest financial reports, Ubis (Asia) Public Company Limited (UBIS) has net assets worth ฿657.08 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 (฿1.21 Billion) and total liabilities (฿556.77 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 | ฿657.08 Million |
| % of Total Assets | 54.13% |
| Annual Growth Rate | 7.24% |
| 5-Year Change | 36.52% |
| 10-Year Change | 52.27% |
| Growth Volatility | 23.25 |
Ubis (Asia) Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how Ubis (Asia) 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 Ubis (Asia) Public Company Limited (2006–2024)
The table below shows the annual net assets of Ubis (Asia) Public Company Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿648.20 Million | +3.27% |
| 2023-12-31 | ฿627.67 Million | -11.12% |
| 2022-12-31 | ฿706.20 Million | +41.38% |
| 2021-12-31 | ฿499.49 Million | +5.20% |
| 2020-12-31 | ฿474.82 Million | +5.95% |
| 2019-12-31 | ฿448.16 Million | +14.53% |
| 2018-12-31 | ฿391.29 Million | +49.27% |
| 2017-12-31 | ฿262.13 Million | -46.76% |
| 2016-12-31 | ฿492.36 Million | +15.66% |
| 2015-12-31 | ฿425.69 Million | +16.69% |
| 2014-12-31 | ฿364.79 Million | +2.80% |
| 2013-12-31 | ฿354.87 Million | +17.97% |
| 2012-12-31 | ฿300.81 Million | +8.50% |
| 2011-12-31 | ฿277.25 Million | +0.44% |
| 2010-12-31 | ฿276.04 Million | -9.57% |
| 2009-12-31 | ฿305.25 Million | +7.99% |
| 2008-12-31 | ฿282.67 Million | -4.41% |
| 2007-12-31 | ฿295.70 Million | +60.53% |
| 2006-12-31 | ฿184.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ubis (Asia) 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 265.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿143.32 Million | 22.12% |
| Other Components | ฿504.50 Million | 77.88% |
| Total Equity | ฿647.83 Million | 100.00% |
Ubis (Asia) Public Company Limited Competitors by Market Cap
The table below lists competitors of Ubis (Asia) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INGERSOLL-RAND (2IS.SG)
STU:2IS
|
$3.55 Million |
|
STONE ONE PUBLIC COMPANY LIMITED
BK:STX
|
$3.55 Million |
|
CEL.AS.SEC.HLD.NEW HD-02
F:CE0
|
$3.55 Million |
|
Active Biotech AB
ST:ACTI
|
$3.55 Million |
|
Primech Holdings Ltd. Ordinary Shares
NASDAQ:PMEC
|
$3.54 Million |
|
Suryalakshmi Cotton Mills Limited
NSE:SURYALAXMI
|
$3.54 Million |
|
OSR Holdings Inc
NASDAQ:OSRH
|
$3.54 Million |
|
Eshallgo Inc. Class A Ordinary Shares
NASDAQ:EHGO
|
$3.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ubis (Asia) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 626,929,000 to 647,828,000, a change of 20,899,000 (3.3%).
- Net income of 21,995,000 contributed positively to equity growth.
- New share issuances of 2,000 increased equity.
- Other comprehensive income decreased equity by 20,148,000.
- Other factors increased equity by 19,050,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿22.00 Million | +3.4% |
| Share Issuances | ฿2.00K | +0.0% |
| Other Comprehensive Income | ฿-20.15 Million | -3.11% |
| Other Changes | ฿19.05 Million | +2.94% |
| Total Change | ฿- | 3.33% |
Book Value vs Market Value Analysis
This analysis compares Ubis (Asia) 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: 0.42x
- 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 0.97x to 0.42x 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 | ฿0.98 | ฿0.95 | x |
| 2007-12-31 | ฿1.30 | ฿0.95 | x |
| 2008-12-31 | ฿1.15 | ฿0.95 | x |
| 2009-12-31 | ฿1.24 | ฿0.95 | x |
| 2010-12-31 | ฿1.12 | ฿0.95 | x |
| 2011-12-31 | ฿1.12 | ฿0.95 | x |
| 2012-12-31 | ฿1.22 | ฿0.95 | x |
| 2013-12-31 | ฿1.44 | ฿0.95 | x |
| 2014-12-31 | ฿1.47 | ฿0.95 | x |
| 2015-12-31 | ฿1.73 | ฿0.95 | x |
| 2016-12-31 | ฿2.00 | ฿0.95 | x |
| 2017-12-31 | ฿1.06 | ฿0.95 | x |
| 2018-12-31 | ฿1.59 | ฿0.95 | x |
| 2019-12-31 | ฿1.81 | ฿0.95 | x |
| 2020-12-31 | ฿1.92 | ฿0.95 | x |
| 2021-12-31 | ฿2.02 | ฿0.95 | x |
| 2022-12-31 | ฿2.54 | ฿0.95 | x |
| 2023-12-31 | ฿2.20 | ฿0.95 | x |
| 2024-12-31 | ฿2.27 | ฿0.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ubis (Asia) 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): 3.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.43%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.66x
- Recent ROE (3.40%) is below the historical average (13.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 22.05% | 8.77% | 1.45x | 1.74x | ฿22.20 Million |
| 2007 | 19.77% | 11.49% | 1.33x | 1.30x | ฿28.90 Million |
| 2008 | 20.26% | 10.23% | 1.55x | 1.28x | ฿29.00 Million |
| 2009 | 22.96% | 12.49% | 1.38x | 1.33x | ฿39.55 Million |
| 2010 | 25.21% | 11.40% | 1.68x | 1.31x | ฿41.99 Million |
| 2011 | 23.71% | 9.39% | 1.68x | 1.51x | ฿38.01 Million |
| 2012 | 24.87% | 9.98% | 1.61x | 1.55x | ฿44.72 Million |
| 2013 | 24.58% | 12.24% | 1.33x | 1.51x | ฿51.66 Million |
| 2014 | 22.72% | 9.72% | 1.28x | 1.83x | ฿46.15 Million |
| 2015 | 34.10% | 17.54% | 0.92x | 2.11x | ฿102.58 Million |
| 2016 | 23.03% | 13.36% | 0.82x | 2.10x | ฿64.17 Million |
| 2017 | -90.04% | -28.19% | 1.19x | 2.69x | ฿-262.23 Million |
| 2018 | 32.90% | 13.85% | 1.32x | 1.80x | ฿89.62 Million |
| 2019 | 23.80% | 11.71% | 1.25x | 1.63x | ฿61.86 Million |
| 2020 | 25.28% | 11.73% | 1.22x | 1.76x | ฿72.53 Million |
| 2021 | 10.95% | 4.72% | 1.19x | 1.96x | ฿4.75 Million |
| 2022 | -2.85% | -1.93% | 0.86x | 1.73x | ฿-90.73 Million |
| 2023 | -11.77% | -8.30% | 0.86x | 1.65x | ฿-136.46 Million |
| 2024 | 3.40% | 2.43% | 0.84x | 1.66x | ฿-42.79 Million |
Industry Comparison
This section compares Ubis (Asia) Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ubis (Asia) Public Company Limited (UBIS) | ฿657.08 Million | 22.05% | 0.85x | $3.54 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |