The Siam Cement Public Company Limited (TCM1) - Net Assets
Based on the latest financial reports, The Siam Cement Public Company Limited (TCM1) has net assets worth €411.09 Billion EUR (≈ $480.61 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€837.00 Billion ≈ $978.54 Billion USD) and total liabilities (€425.91 Billion ≈ $497.93 Billion 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. Check The Siam Cement Public Company Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €411.09 Billion |
| % of Total Assets | 49.12% |
| Annual Growth Rate | 6.26% |
| 5-Year Change | 5.97% |
| 10-Year Change | N/A |
| Growth Volatility | 8.19 |
The Siam Cement Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how The Siam Cement Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore The Siam Cement Public Company Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for The Siam Cement Public Company Limited (2015–2024)
The table below shows the annual net assets of The Siam Cement Public Company Limited from 2015 to 2024. For live valuation and market cap data, see The Siam Cement Public Company Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €419.78 Billion ≈ $490.77 Billion |
-4.94% |
| 2023-12-31 | €441.60 Billion ≈ $516.27 Billion |
-2.39% |
| 2022-12-31 | €452.42 Billion ≈ $528.93 Billion |
+0.54% |
| 2021-12-31 | €450.01 Billion ≈ $526.11 Billion |
+13.60% |
| 2020-12-31 | €396.13 Billion ≈ $463.11 Billion |
+20.86% |
| 2019-12-31 | €327.74 Billion ≈ $383.17 Billion |
+3.11% |
| 2018-12-31 | €317.87 Billion ≈ $371.62 Billion |
+5.32% |
| 2017-12-31 | €301.82 Billion ≈ $352.87 Billion |
+7.18% |
| 2016-12-31 | €281.62 Billion ≈ $329.24 Billion |
+15.89% |
| 2015-12-31 | €243.01 Billion ≈ $284.10 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to The Siam Cement 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 grown by 74.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €371.82 Billion | 105.36% |
| Total Equity | €352.89 Billion | 100.00% |
The Siam Cement Public Company Limited Competitors by Market Cap
The table below lists competitors of The Siam Cement Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gem Diamonds Ltd
LSE:GEMD
|
$71.50K |
|
Proteome Sciences PLC
LSE:PRM
|
$71.69K |
|
Heavitree Brewery A
LSE:HVTA
|
$72.76K |
|
Sutton Harbour Holdings plc
LSE:SUH
|
$73.91K |
|
Argo Blockchain PLC
LSE:ARB
|
$70.15K |
|
Walker Crips Group PLC
LSE:WCW
|
$69.94K |
|
Seed Innovations Ltd
LSE:SEED
|
$69.75K |
|
URU Metals Ltd
LSE:URU
|
$69.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Siam Cement Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 363,961,759,000 to 352,887,333,000, a change of -11,074,426,000 (-3.0%).
- Net income of 6,341,638,000 contributed positively to equity growth.
- Dividend payments of 7,199,139,000 reduced retained earnings.
- Other factors decreased equity by 10,216,925,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.34 Billion | +1.8% |
| Dividends Paid | €7.20 Billion | -2.04% |
| Other Changes | €-10.22 Billion | -2.9% |
| Total Change | €- | -3.04% |
Book Value vs Market Value Analysis
This analysis compares The Siam Cement 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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €217.58 | €6.10 | x |
| 2018-12-31 | €230.91 | €6.10 | x |
| 2019-12-31 | €233.51 | €6.10 | x |
| 2020-12-31 | €267.48 | €6.10 | x |
| 2021-12-31 | €304.74 | €6.10 | x |
| 2022-12-31 | €311.88 | €6.10 | x |
| 2023-12-31 | €303.30 | €6.10 | x |
| 2024-12-31 | €294.07 | €6.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Siam Cement 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): 1.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.24%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.44x
- Recent ROE (1.80%) is below the historical average (13.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 22.02% | 10.33% | 0.86x | 2.47x | €24.78 Billion |
| 2016 | 23.37% | 13.24% | 0.78x | 2.25x | €32.08 Billion |
| 2017 | 21.08% | 12.21% | 0.79x | 2.20x | €28.93 Billion |
| 2018 | 16.15% | 9.35% | 0.81x | 2.13x | €17.04 Billion |
| 2019 | 11.42% | 7.31% | 0.69x | 2.27x | €3.99 Billion |
| 2020 | 10.64% | 8.54% | 0.53x | 2.33x | €2.05 Billion |
| 2021 | 12.90% | 8.90% | 0.62x | 2.35x | €10.60 Billion |
| 2022 | 5.71% | 3.75% | 0.63x | 2.42x | €-16.04 Billion |
| 2023 | 7.12% | 5.19% | 0.56x | 2.46x | €-10.48 Billion |
| 2024 | 1.80% | 1.24% | 0.59x | 2.44x | €-28.95 Billion |
Industry Comparison
This section compares The Siam Cement Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $528,381,141,600
- Average return on equity (ROE) among peers: 6.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Siam Cement Public Company Limited (TCM1) | €411.09 Billion | 22.02% | 1.04x | $70.21K |
| NRW Holdings Limited (3NR) | $545.12 Million | 9.96% | 1.39x | $1.52 Billion |
| Orbia Advance Corporation S.A.B. de C.V (4FZ) | $3.09 Billion | 6.68% | 2.25x | $2.03 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $40.19 Billion | 17.31% | 5.95x | $505.15 Million |
| Pampa Energía S.A (9PAA) | $14.07 Billion | -0.08% | 4.49x | $3.97 Billion |
| ASAHI KASEI CORP. ADR/2 (ASA) | $1.91 Trillion | 7.05% | 1.10x | $11.73 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.08 Billion | 4.48% | 4.61x | $42.05 Million |
| BayWa AG vNa (BYW6) | $1.16 Billion | 3.09% | 6.70x | $185.56 Million |
| HPI AG (CEW3) | $0.00 | 0.00% | 0.00x | $215.77K |
| FUJIFILM HDGS CORP. ADR 1 (FJIA) | $3.17 Trillion | 7.67% | 0.51x | $20.40 Billion |
| Fosun International Limited (FNI) | $136.41 Billion | 9.65% | 2.91x | $3.69 Billion |
About The Siam Cement Public Company Limited
The Siam Cement Public Company Limited, together with its subsidiaries, operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally. It operates through SCG Cement and Green Solutions; SCG Smart Living and SCG Distribution and Retail; SCG Decor; SCG Chemicals; SCGP; and Other segments. The SCG Cement and Green Solutions segment produces cemen… Read more