Vintcom Technology PCL Net Assets
Vintcom Technology PCL net assets. Based on the latest financial reports, Vintcom Technology PCL (VCOM) has net assets worth ฿705.88 Million THB (≈ $22.00 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.56 Billion ≈ $48.72 Million USD) and total liabilities (฿857.29 Million ≈ $26.72 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. Also explore net asset momentum of Vintcom Technology PCL to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿705.88 Million |
| % of Total Assets | 45.16% |
| Annual Growth Rate | 14.47% |
| 5-Year Change | 7.39% |
| 10-Year Change | 282.66% |
| Growth Volatility | 36.53 |
Net Assets of Vintcom Technology PCL (2012–2025)
Net assets of Vintcom Technology PCL from 2012 to 2025. This chart illustrates how Vintcom Technology PCL's net assets have evolved over time, based on quarterly financial data. See VCOM equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Vintcom Technology PCL (2012–2025)
The table below shows the annual net assets of Vintcom Technology PCL from 2012 to 2025. For live market cap and overall valuation, see VCOM stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿658.25 Million ≈ $20.52 Million |
+4.79% |
| 2024-12-31 | ฿628.18 Million ≈ $19.58 Million |
-0.83% |
| 2023-12-31 | ฿633.44 Million ≈ $19.74 Million |
-0.71% |
| 2022-12-31 | ฿637.95 Million ≈ $19.88 Million |
+4.08% |
| 2021-12-31 | ฿612.94 Million ≈ $19.10 Million |
+21.44% |
| 2020-12-31 | ฿504.72 Million ≈ $15.73 Million |
-0.42% |
| 2019-12-31 | ฿506.83 Million ≈ $15.80 Million |
+9.71% |
| 2018-12-31 | ฿461.95 Million ≈ $14.40 Million |
+13.07% |
| 2017-12-31 | ฿408.55 Million ≈ $12.73 Million |
+137.51% |
| 2016-12-31 | ฿172.02 Million ≈ $5.36 Million |
-1.82% |
| 2015-12-31 | ฿175.21 Million ≈ $5.46 Million |
+21.30% |
| 2014-12-31 | ฿144.45 Million ≈ $4.50 Million |
+38.96% |
| 2013-12-31 | ฿103.95 Million ≈ $3.24 Million |
-8.54% |
| 2012-12-31 | ฿113.65 Million ≈ $3.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vintcom Technology PCL'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 354.8% over the analyzed period, indicating profitable operations and earnings retention.
Vintcom Technology PCL Net Assets Breakdown (December 2025)
Vintcom Technology PCL net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿216.74 Million | 36.34% |
| Common Stock | ฿153.50 Million | 25.74% |
| Other Comprehensive Income | ฿7.79 Million | 1.31% |
| Other Components | ฿218.35 Million | 36.61% |
| Total Equity | ฿596.37 Million | 100.00% |
Vintcom Technology PCL Competitors by Market Cap
The table below lists competitors of Vintcom Technology PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Generation Bio Co
NASDAQ:GBIO
|
$35.98 Million |
|
Beaconsmind AG
PA:MLBMD
|
$35.99 Million |
|
NBI Bearings Europe S.A.
MC:NBI
|
$36.01 Million |
|
GP Petroleums Limited
NSE:GULFPETRO
|
$36.02 Million |
|
S&S Power Switchgears Limited
NSE:S&SPOWER
|
$35.96 Million |
|
Sunndal Sparebank
OL:SUNSB
|
$35.93 Million |
|
Freemelt Holding AB
ST:FREEM
|
$35.91 Million |
|
Samkee Automotive Co. Ltd
KQ:122350
|
$35.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vintcom Technology PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 572,601,767 to 596,371,450, a change of 23,769,683 (4.2%).
- Net income of 130,044,755 contributed positively to equity growth.
- Dividend payments of 98,241,664 reduced retained earnings.
- Other comprehensive income decreased equity by 7,564,660.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿130.04 Million | +21.81% |
| Dividends Paid | ฿98.24 Million | -16.47% |
| Other Comprehensive Income | ฿-7.56 Million | -1.27% |
| Other Changes | ฿-468.75K | -0.08% |
| Total Change | ฿- | 4.15% |
Book Value vs Market Value Analysis
This analysis compares Vintcom Technology PCL'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: 1.94x
- 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 7.96x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.47 | ฿3.76 | x |
| 2014-12-31 | ฿0.66 | ฿3.76 | x |
| 2015-12-31 | ฿0.80 | ฿3.76 | x |
| 2016-12-31 | ฿0.67 | ฿3.76 | x |
| 2017-12-31 | ฿1.66 | ฿3.76 | x |
| 2018-12-31 | ฿1.37 | ฿3.76 | x |
| 2019-12-31 | ฿1.47 | ฿3.76 | x |
| 2020-12-31 | ฿1.50 | ฿3.76 | x |
| 2021-12-31 | ฿1.84 | ฿3.76 | x |
| 2022-12-31 | ฿1.91 | ฿3.76 | x |
| 2023-12-31 | ฿1.89 | ฿3.76 | x |
| 2024-12-31 | ฿1.87 | ฿3.76 | x |
| 2025-12-31 | ฿1.94 | ฿3.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vintcom Technology PCL 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): 21.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.32%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 2.49x
- Recent ROE (21.81%) is below the historical average (21.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 46.46% | 6.52% | 1.64x | 4.35x | ฿37.90 Million |
| 2014 | 28.04% | 5.33% | 1.69x | 3.11x | ฿26.06 Million |
| 2015 | 23.62% | 5.09% | 2.18x | 2.13x | ฿23.87 Million |
| 2016 | 27.70% | 4.33% | 1.79x | 3.58x | ฿25.95 Million |
| 2017 | 14.68% | 3.52% | 2.01x | 2.08x | ฿17.33 Million |
| 2018 | 14.25% | 3.24% | 1.47x | 3.00x | ฿17.43 Million |
| 2019 | 15.18% | 3.76% | 1.53x | 2.64x | ฿22.78 Million |
| 2020 | 19.90% | 3.93% | 1.56x | 3.24x | ฿44.62 Million |
| 2021 | 22.55% | 6.81% | 1.44x | 2.29x | ฿70.43 Million |
| 2022 | 19.11% | 5.56% | 1.39x | 2.47x | ฿53.36 Million |
| 2023 | 15.23% | 4.22% | 1.43x | 2.52x | ฿30.35 Million |
| 2024 | 15.31% | 5.31% | 1.16x | 2.48x | ฿30.40 Million |
| 2025 | 21.81% | 6.32% | 1.38x | 2.49x | ฿70.41 Million |
Industry Comparison
This section compares Vintcom Technology PCL's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,588,382,381
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vintcom Technology PCL (VCOM) | ฿705.88 Million | 46.46% | 1.21x | $35.98 Million |
| AJ Advance Technology Public Company Limited (AJA) | $321.00 Million | 9.58% | 3.28x | $21.48 Million |
| Communication & System Solution Public Company Limited (CSS) | $1.64 Billion | 4.85% | 1.21x | $33.72 Million |
| IT City Public Company Limited (IT) | $1.03 Billion | -0.85% | 0.47x | $74.23 Million |
| Metro Systems Corporation Public Company Limited (MSC) | $455.46 Million | 0.00% | 3.33x | $63.96 Million |
| Simat Technologies Public Company Limited (SIMAT) | $159.48 Million | 9.09% | 0.39x | $22.03 Million |
| SiS Distribution (Thailand) Public Company Limited (SIS) | $3.77 Billion | 17.13% | 1.71x | $258.69 Million |
| S P V I Public Company Limited (SPVI) | $580.04 Million | 17.27% | 1.12x | $42.89 Million |
| SVOA Public Company Limited (SVOA) | $2.39 Billion | 6.69% | 1.44x | $48.43 Million |
| Synnex (Thailand) Public Company Limited (SYNEX) | $3.94 Billion | 21.83% | 1.86x | $246.95 Million |
About Vintcom Technology PCL
Vintcom Technology Public Company Limited, together with its subsidiaries, trades in computer and equipment in Thailand, Myanmar, Cambodia, and internationally. The company operates in two segments, Sale of Goods and Rendering of Services. It provides a range of IT solutions and services, including servers, storage units, engineered systems or converged infrastructure solutions, network security,… Read more