V.L. Enterprise Public Company Limited
V.L. Enterprise Public Company Limited engages in a tanker fleet business in Thailand and internationally. The company offers logistical cargo shipping services. It also transports petroleum and chemical products through a fleet of vessels. It operates through 12 vessels for service. V.L. Enterprise Public Company Limited was incorporated in 1991 and is headquartered in Bangkok, Thailand.
V.L. Enterprise Public Company Limited (VL) - Net Assets
Latest net assets as of September 2025: ฿1.04 Billion THB
Based on the latest financial reports, V.L. Enterprise Public Company Limited (VL) has net assets worth ฿1.04 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.52 Billion) and total liabilities (฿470.99 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 | ฿1.04 Billion |
| % of Total Assets | 68.93% |
| Annual Growth Rate | 11.91% |
| 5-Year Change | 24.58% |
| 10-Year Change | 132.51% |
| Growth Volatility | 28.73 |
V.L. Enterprise Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how V.L. Enterprise 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 V.L. Enterprise Public Company Limited (2014–2024)
The table below shows the annual net assets of V.L. Enterprise Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.04 Billion | +2.01% |
| 2023-12-31 | ฿1.02 Billion | +8.94% |
| 2022-12-31 | ฿937.83 Million | +4.80% |
| 2021-12-31 | ฿894.85 Million | +6.96% |
| 2020-12-31 | ฿836.60 Million | +6.52% |
| 2019-12-31 | ฿785.37 Million | +90.15% |
| 2018-12-31 | ฿413.02 Million | -22.31% |
| 2017-12-31 | ฿531.66 Million | -4.43% |
| 2016-12-31 | ฿556.31 Million | +24.11% |
| 2015-12-31 | ฿448.24 Million | +32.50% |
| 2014-12-31 | ฿338.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to V.L. Enterprise 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 decreased by 36.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿176.28 Million | 16.91% |
| Other Components | ฿865.92 Million | 83.09% |
| Total Equity | ฿1.04 Billion | 100.00% |
V.L. Enterprise Public Company Limited Competitors by Market Cap
The table below lists competitors of V.L. Enterprise Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Julong Holding Limited Class A Ordinary Shares
NASDAQ:JLHL
|
$7.88 Million |
|
Focus Impact Acquisition Corp
PINK:FIAC
|
$7.89 Million |
|
Criterium Energy Ltd.
V:CEQ
|
$7.89 Million |
|
U. Y. Fincorp Limited
NSE:UYFINCORP
|
$7.90 Million |
|
SCGM Bhd
KLSE:7247
|
$7.88 Million |
|
Prinsiri Public Company Limited
BK:PRIN
|
$7.87 Million |
|
Techstep ASA
OL:TECH
|
$7.87 Million |
|
Argo Properties NV
TA:ARGO
|
$7.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in V.L. Enterprise Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,021,633,637 to 1,042,197,845, a change of 20,564,208 (2.0%).
- Net income of 74,823,455 contributed positively to equity growth.
- Dividend payments of 53,263,193 reduced retained earnings.
- Other comprehensive income decreased equity by 25,195,000.
- Other factors increased equity by 24,198,947.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿74.82 Million | +7.18% |
| Dividends Paid | ฿53.26 Million | -5.11% |
| Other Comprehensive Income | ฿-25.20 Million | -2.42% |
| Other Changes | ฿24.20 Million | +2.32% |
| Total Change | ฿- | 2.01% |
Book Value vs Market Value Analysis
This analysis compares V.L. Enterprise 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: 0.91x
- 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 increased from 0.26x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿3.12 | ฿0.80 | x |
| 2015-12-31 | ฿0.56 | ฿0.80 | x |
| 2016-12-31 | ฿0.70 | ฿0.80 | x |
| 2017-12-31 | ฿0.66 | ฿0.80 | x |
| 2018-12-31 | ฿0.52 | ฿0.80 | x |
| 2019-12-31 | ฿0.98 | ฿0.80 | x |
| 2020-12-31 | ฿1.05 | ฿0.80 | x |
| 2021-12-31 | ฿0.94 | ฿0.80 | x |
| 2022-12-31 | ฿0.86 | ฿0.80 | x |
| 2023-12-31 | ฿0.89 | ฿0.80 | x |
| 2024-12-31 | ฿0.88 | ฿0.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently V.L. Enterprise 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): 7.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.85%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.60x
- Recent ROE (7.18%) is below the historical average (10.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.79% | 8.65% | 1.13x | 1.62x | ฿19.57 Million |
| 2015 | 19.98% | 15.29% | 0.78x | 1.68x | ฿44.74 Million |
| 2016 | 14.27% | 12.84% | 0.55x | 2.01x | ฿23.75 Million |
| 2017 | 13.85% | 10.79% | 0.50x | 2.58x | ฿20.44 Million |
| 2018 | 14.77% | 8.78% | 0.49x | 3.45x | ฿19.71 Million |
| 2019 | 10.28% | 11.34% | 0.36x | 2.51x | ฿2.22 Million |
| 2020 | 10.09% | 13.05% | 0.37x | 2.11x | ฿741.11K |
| 2021 | 2.58% | 3.49% | 0.34x | 2.18x | ฿-66.37 Million |
| 2022 | 2.49% | 3.21% | 0.39x | 2.01x | ฿-70.45 Million |
| 2023 | 3.03% | 4.17% | 0.39x | 1.86x | ฿-71.18 Million |
| 2024 | 7.18% | 9.85% | 0.46x | 1.60x | ฿-29.40 Million |
Industry Comparison
This section compares V.L. Enterprise Public Company Limited's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,757,566,001
- Average return on equity (ROE) among peers: 8.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| V.L. Enterprise Public Company Limited (VL) | ฿1.04 Billion | 15.79% | 0.45x | $7.88 Million |
| Ama Marine Public Company Limited (AMA) | $2.07 Billion | 8.73% | 0.64x | $15.13 Million |
| Namyong Terminal PCL (NYT) | $3.74 Billion | 10.44% | 0.17x | $50.46 Million |
| Sahathai Terminal Public Company Limited (PORT) | $240.49 Million | 11.09% | 3.94x | $3.84 Million |
| Regional Container Lines Public Company Limited (RCL) | $6.85 Billion | 11.54% | 1.60x | $332.81 Million |
| Raja Ferry Port Public Company Limited (RP) | $887.27 Million | 2.48% | 0.33x | $1.03 Million |