Yong Concrete PCL
Yong Concrete Public Company Limited engages in the manufacture and distribution of concrete products in Thailand. The company operates through Manufacture and Distribution of Concrete Products; Sale with Installation of Prefabricated Structures; and Transportation Service segments. It offers precast concrete fence, ready mix concrete, prefabricated concrete beams and column structure, prefabrica… Read more
Yong Concrete PCL (YONG) - Net Assets
Latest net assets as of September 2025: ฿879.20 Million THB
Based on the latest financial reports, Yong Concrete PCL (YONG) has net assets worth ฿879.20 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 (฿1.32 Billion) and total liabilities (฿440.70 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 | ฿879.20 Million |
| % of Total Assets | 66.61% |
| Annual Growth Rate | 9.02% |
| 5-Year Change | 148.04% |
| 10-Year Change | N/A |
| Growth Volatility | 35.64 |
Yong Concrete PCL - Net Assets Trend (2017–2024)
This chart illustrates how Yong Concrete 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 Yong Concrete PCL (2017–2024)
The table below shows the annual net assets of Yong Concrete PCL from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿904.38 Million | -0.64% |
| 2023-12-31 | ฿910.20 Million | +8.89% |
| 2022-12-31 | ฿835.89 Million | +92.80% |
| 2021-12-31 | ฿433.55 Million | +18.91% |
| 2020-12-31 | ฿364.61 Million | -12.30% |
| 2019-12-31 | ฿415.74 Million | -27.52% |
| 2018-12-31 | ฿573.62 Million | +16.09% |
| 2017-12-31 | ฿494.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yong Concrete 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 decreased by 24.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿184.03 Million | 20.35% |
| Other Components | ฿720.35 Million | 79.65% |
| Total Equity | ฿904.38 Million | 100.00% |
Yong Concrete PCL Competitors by Market Cap
The table below lists competitors of Yong Concrete PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Epsium Enterprise Limited Ordinary Shares
NASDAQ:EPSM
|
$3.65 Million |
|
Mangoceuticals, Inc. Common Stock
NASDAQ:MGRX
|
$3.66 Million |
|
RENDER CUBE BSAC ZY -10
F:W63
|
$3.66 Million |
|
Keynote Financial Services Limited
NSE:KEYFINSERV
|
$3.66 Million |
|
Shrinkflex (Thailand) Public Company Limited
BK:SFT
|
$3.65 Million |
|
Fenbo Holdings Limited Ordinary Shares
NASDAQ:FEBO
|
$3.64 Million |
|
LCL Resources Ltd
AU:LCL
|
$3.64 Million |
|
Guideline Geo AB (publ)
ST:GGEO
|
$3.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yong Concrete PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 910,198,412 to 904,379,281, a change of -5,819,131 (-0.6%).
- Net income of 60,570,660 contributed positively to equity growth.
- Dividend payments of 54,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 34,000,000.
- Other factors increased equity by 22,010,209.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿60.57 Million | +6.7% |
| Dividends Paid | ฿54.40 Million | -6.02% |
| Other Comprehensive Income | ฿-34.00 Million | -3.76% |
| Other Changes | ฿22.01 Million | +2.43% |
| Total Change | ฿- | -0.64% |
Book Value vs Market Value Analysis
This analysis compares Yong Concrete 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: 0.53x
- 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 0.72x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿0.99 | ฿0.71 | x |
| 2018-12-31 | ฿3.19 | ฿0.71 | x |
| 2019-12-31 | ฿2.31 | ฿0.71 | x |
| 2020-12-31 | ฿2.03 | ฿0.71 | x |
| 2021-12-31 | ฿0.64 | ฿0.71 | x |
| 2022-12-31 | ฿1.23 | ฿0.71 | x |
| 2023-12-31 | ฿1.34 | ฿0.71 | x |
| 2024-12-31 | ฿1.33 | ฿0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yong Concrete 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): 6.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.10%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.36x
- Recent ROE (6.70%) is below the historical average (14.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.75% | 9.15% | 0.59x | 2.53x | ฿18.51 Million |
| 2018 | 13.13% | 8.21% | 0.74x | 2.16x | ฿17.98 Million |
| 2019 | 26.12% | 11.25% | 0.89x | 2.61x | ฿67.03 Million |
| 2020 | 12.16% | 5.55% | 0.77x | 2.86x | ฿7.88 Million |
| 2021 | 15.90% | 7.92% | 0.79x | 2.54x | ฿25.58 Million |
| 2022 | 12.08% | 9.96% | 0.76x | 1.60x | ฿17.39 Million |
| 2023 | 13.97% | 11.17% | 0.88x | 1.43x | ฿36.12 Million |
| 2024 | 6.70% | 6.10% | 0.81x | 1.36x | ฿-29.87 Million |
Industry Comparison
This section compares Yong Concrete PCL's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,674,405,637
- Average return on equity (ROE) among peers: 5.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yong Concrete PCL (YONG) | ฿879.20 Million | 13.75% | 0.50x | $3.65 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.46 Billion | -1.54% | 1.04x | $9.62 Million |
| CPanel PCL (CPANEL) | $453.90 Million | 14.97% | 0.51x | $3.90 Million |
| Dcon Products Public Company Limited (DCON) | $441.78 Million | 7.34% | 0.46x | $9.17 Million |
| General Engineering Public Company Limited (GEL) | $527.67 Million | -12.22% | 0.64x | $4.96 Million |
| SCG Decor PCL (SCGD) | $21.31 Billion | 1.54% | 0.95x | $61.51 Million |
| Southern Concrete Pile PCL (SCP) | $442.74 Million | 10.24% | 1.50x | $31.95 Million |
| Sirakorn PCL (SK) | $423.20 Million | 11.79% | 0.28x | $4.35 Million |
| Smart Concrete Public Company Limited (SMART) | $671.77 Million | 15.87% | 0.22x | $5.27 Million |
| STC Concrete Product Public Company Limited (STC) | $366.28 Million | 2.62% | 1.17x | $1.51 Million |
| STONE ONE PUBLIC COMPANY LIMITED (STX) | $643.44 Million | 5.91% | 0.18x | $3.55 Million |