WICE Logistics PCL

BK:WICE Thailand Integrated Freight & Logistics
Market Cap
$44.74 Million
฿1.55 Billion THB
Market Cap Rank
#25345 Global
#368 in Thailand
Share Price
฿2.42
Change (1 day)
+1.68%
52-Week Range
฿2.24 - ฿3.84
All Time High
฿22.05
Categories
Companies in Thailand Integrated Freight & Logistics
About

Wice Logistics Public Company Limited, together with its subsidiaries, provides freight and logistics services in Thailand and internationally. It operates in four segments: Sea Freight, Air Freight, Cross-Border Service, and Supply Chain Solution. The company offers international sea freight forwarding services, such as full container load and less than container load services for importers and … Read more

WICE Logistics PCL (WICE) - Net Assets

Latest net assets as of September 2025: ฿1.73 Billion THB

Based on the latest financial reports, WICE Logistics PCL (WICE) has net assets worth ฿1.73 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 (฿2.95 Billion) and total liabilities (฿1.22 Billion). 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 ฿1.73 Billion
% of Total Assets 58.67%
Annual Growth Rate 24.93%
5-Year Change 78.39%
10-Year Change 189.69%
Growth Volatility 34.85

WICE Logistics PCL - Net Assets Trend (2012–2024)

This chart illustrates how WICE Logistics PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for WICE Logistics PCL (2012–2024)

The table below shows the annual net assets of WICE Logistics PCL from 2012 to 2024.

Year Net Assets Change
2024-12-31 ฿1.74 Billion -8.09%
2023-12-31 ฿1.89 Billion +1.17%
2022-12-31 ฿1.87 Billion +24.60%
2021-12-31 ฿1.50 Billion +53.96%
2020-12-31 ฿975.60 Million +10.04%
2019-12-31 ฿886.60 Million -7.38%
2018-12-31 ฿957.20 Million +6.38%
2017-12-31 ฿899.77 Million +4.35%
2016-12-31 ฿862.28 Million +43.53%
2015-12-31 ฿600.78 Million +115.94%
2014-12-31 ฿278.22 Million +44.17%
2013-12-31 ฿192.99 Million +60.26%
2012-12-31 ฿120.42 Million --

Equity Component Analysis

This analysis shows how different components contribute to WICE Logistics 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 855.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿900.21 Million 66.39%
Other Components ฿455.74 Million 33.61%
Total Equity ฿1.36 Billion 100.00%

WICE Logistics PCL Competitors by Market Cap

The table below lists competitors of WICE Logistics PCL ranked by their market capitalization.

Company Market Cap
Leoch International Technology Limited
F:0LT
 		$20.63 Million
MetalsTech Limited
F:MT1
 		$20.63 Million
NextTrip Inc
NASDAQ:NTRP
 		$20.64 Million
Theta Gold Mines Limited
PINK:TGMGF
 		$20.65 Million
Otovo AS
OL:OTOVO
 		$20.63 Million
Milae Bioresources Co. Ltd
KQ:218150
 		$20.63 Million
Awea Mechantronic Co Ltd
TW:1530
 		$20.63 Million
4DS Memory Limited
PINK:FRDSF
 		$20.61 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in WICE Logistics PCL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,472,989,235 to 1,355,948,806, a change of -117,040,429 (-7.9%).
  • Net income of 97,732,764 contributed positively to equity growth.
  • Dividend payments of 153,814,104 reduced retained earnings.
  • Other comprehensive income decreased equity by 32,594,975.
  • Other factors decreased equity by 28,364,114.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿97.73 Million +7.21%
Dividends Paid ฿153.81 Million -11.34%
Other Comprehensive Income ฿-32.59 Million -2.4%
Other Changes ฿-28.36 Million -2.09%
Total Change ฿- -7.95%

Book Value vs Market Value Analysis

This analysis compares WICE Logistics 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: 1.14x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.66x to 1.14x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 ฿3.67 ฿2.42 x
2013-12-31 ฿1.85 ฿2.42 x
2014-12-31 ฿0.71 ฿2.42 x
2015-12-31 ฿1.18 ฿2.42 x
2016-12-31 ฿1.25 ฿2.42 x
2017-12-31 ฿1.25 ฿2.42 x
2018-12-31 ฿1.26 ฿2.42 x
2019-12-31 ฿1.22 ฿2.42 x
2020-12-31 ฿1.35 ฿2.42 x
2021-12-31 ฿1.99 ฿2.42 x
2022-12-31 ฿2.51 ฿2.42 x
2023-12-31 ฿2.28 ฿2.42 x
2024-12-31 ฿2.12 ฿2.42 x

Capital Efficiency Dashboard

This dashboard shows how efficiently WICE Logistics 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): 7.21%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.38%
  • • Asset Turnover: 1.50x
  • • Equity Multiplier: 2.02x
  • Recent ROE (7.21%) is below the historical average (16.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 13.22% 2.29% 2.20x 2.62x ฿3.55 Million
2013 10.86% 3.17% 2.26x 1.52x ฿1.65 Million
2014 22.44% 9.32% 1.87x 1.29x ฿34.62 Million
2015 10.08% 8.89% 0.98x 1.16x ฿510.33K
2016 9.93% 7.55% 0.96x 1.37x ฿-539.82K
2017 11.01% 6.42% 1.27x 1.35x ฿8.23 Million
2018 11.68% 5.25% 1.29x 1.72x ฿13.81 Million
2019 5.54% 1.98% 1.41x 1.98x ฿-35.41 Million
2020 31.38% 6.89% 1.95x 2.33x ฿187.53 Million
2021 41.27% 7.01% 2.18x 2.69x ฿405.75 Million
2022 33.80% 7.80% 2.13x 2.03x ฿390.11 Million
2023 11.57% 4.49% 1.33x 1.94x ฿23.10 Million
2024 7.21% 2.38% 1.50x 2.02x ฿-37.86 Million

Industry Comparison

This section compares WICE Logistics PCL's net assets metrics with peer companies in the Integrated Freight & Logistics industry.

Industry Context

  • Industry: Integrated Freight & Logistics
  • Average net assets among peers: $898,216,506
  • Average return on equity (ROE) among peers: 13.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
WICE Logistics PCL (WICE) ฿1.73 Billion 13.22% 0.70x $20.63 Million
Begistics Public Company Limited (B) $2.17 Billion 3.29% 0.11x $7.40 Million
Euroasia Total Logistics PCL (ETL) $367.94 Million 28.86% 2.08x $2.31 Million
Triple i Logistics Public Company Limited (III) $2.67 Billion 29.78% 0.38x $42.36 Million
Leo Global Logistics Public Company Limited (LEO) $113.28 Million 15.06% 1.86x $9.02 Million
M P J Logistics Public Company Limited (MPJ) $6.55 Million 4.12% 3.22x $10.15 Million
NCL International Logistics Public Company Limited (NCL) $325.21 Million 6.01% 0.64x $2.61 Million
Sino Logistics Corporation Public Company Limited (SINO) $862.13 Million 6.11% 0.59x $8.44 Million
SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD) $1.49 Billion 25.19% 1.78x $87.91 Million
Sonic Interfreight Public Company Limited (SONIC) $560.83 Million 8.31% 0.50x $15.83 Million
Thai Parcels Public Company Limited (TPL) $413.92 Million 5.15% 0.49x $7.75 Million