Well Graded Engineering Public Company Limited
Well Graded Engineering Public Company Limited, together with its subsidiaries, operates as a construction contractor in Thailand. It provides technical consultancy services for the engineering and architecture sectors. The company is also involved in the construction of high and low rise condo, office building, hospital, sales office, small shopping center, factory, infrastructure, and public ut… Read more
Well Graded Engineering Public Company Limited (WGE) - Net Assets
Latest net assets as of December 2025: ฿498.12 Million THB
Based on the latest financial reports, Well Graded Engineering Public Company Limited (WGE) has net assets worth ฿498.12 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.49 Billion) and total liabilities (฿991.94 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 | ฿498.12 Million |
| % of Total Assets | 33.43% |
| Annual Growth Rate | 8.58% |
| 5-Year Change | -25.61% |
| 10-Year Change | N/A |
| Growth Volatility | 45.46 |
Well Graded Engineering Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Well Graded Engineering 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 Well Graded Engineering Public Company Limited (2016–2025)
The table below shows the annual net assets of Well Graded Engineering Public Company Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿498.12 Million | +42.86% |
| 2024-12-31 | ฿348.67 Million | +17.17% |
| 2023-12-31 | ฿297.57 Million | -42.45% |
| 2022-12-31 | ฿517.08 Million | -22.78% |
| 2021-12-31 | ฿669.64 Million | +2.06% |
| 2020-12-31 | ฿656.11 Million | +124.29% |
| 2019-12-31 | ฿292.53 Million | +13.34% |
| 2018-12-31 | ฿258.10 Million | -14.23% |
| 2017-12-31 | ฿300.92 Million | +26.71% |
| 2016-12-31 | ฿237.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Well Graded Engineering 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 184.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿606.29 Million | 121.71% |
| Total Equity | ฿498.12 Million | 100.00% |
Well Graded Engineering Public Company Limited Competitors by Market Cap
The table below lists competitors of Well Graded Engineering Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jadi Imaging Holdings Bhd
KLSE:7223
|
$3.76 Million |
|
Toba Pulp Lestari Tbk
JK:INRU
|
$3.76 Million |
|
Indonesian Tobacco Tbk PT
JK:ITIC
|
$3.76 Million |
|
3DG Holdings (International) Limited
PINK:HKRHF
|
$3.76 Million |
|
Cerebra Integrated Technologies Limited
NSE:CEREBRAINT
|
$3.75 Million |
|
Strathmore Plus Uranium Corp.
PINK:SUUFF
|
$3.75 Million |
|
Finansa Public Company Limited
BK:FNS
|
$3.75 Million |
|
Splendid Medien AG
F:SPM
|
$3.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Well Graded Engineering Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 348,667,238 to 498,123,387, a change of 149,456,148 (42.9%).
- Net income of 149,456,148 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿149.46 Million | +30.0% |
| Other Changes | ฿-0.00 | -0.0% |
| Total Change | ฿- | 42.86% |
Book Value vs Market Value Analysis
This analysis compares Well Graded Engineering 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: 0.96x
- 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 2.02x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.40 | ฿0.80 | x |
| 2017-12-31 | ฿0.50 | ฿0.80 | x |
| 2018-12-31 | ฿0.43 | ฿0.80 | x |
| 2019-12-31 | ฿0.49 | ฿0.80 | x |
| 2020-12-31 | ฿1.40 | ฿0.80 | x |
| 2021-12-31 | ฿1.12 | ฿0.80 | x |
| 2022-12-31 | ฿0.86 | ฿0.80 | x |
| 2023-12-31 | ฿0.50 | ฿0.80 | x |
| 2024-12-31 | ฿0.58 | ฿0.80 | x |
| 2025-12-31 | ฿0.83 | ฿0.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Well Graded Engineering 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): 30.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.79%
- • Asset Turnover: 1.73x
- • Equity Multiplier: 2.99x
- Recent ROE (30.00%) is above the historical average (4.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.89% | 5.02% | 1.41x | 1.67x | ฿4.48 Million |
| 2017 | 21.22% | 6.46% | 1.69x | 1.95x | ฿33.76 Million |
| 2018 | 14.60% | 2.92% | 1.56x | 3.19x | ฿11.87 Million |
| 2019 | 39.21% | 7.60% | 2.21x | 2.33x | ฿85.37 Million |
| 2020 | 6.89% | 5.26% | 0.84x | 1.56x | ฿-20.41 Million |
| 2021 | 2.10% | 1.18% | 0.74x | 2.38x | ฿-52.91 Million |
| 2022 | -23.56% | -7.36% | 1.09x | 2.93x | ฿-173.55 Million |
| 2023 | -74.43% | -12.30% | 1.14x | 5.29x | ฿-251.24 Million |
| 2024 | 14.65% | 2.21% | 1.45x | 4.56x | ฿16.23 Million |
| 2025 | 30.00% | 5.79% | 1.73x | 2.99x | ฿99.64 Million |
Industry Comparison
This section compares Well Graded Engineering 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: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Well Graded Engineering Public Company Limited (WGE) | ฿498.12 Million | 11.89% | 1.99x | $3.76 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |