Solartron Public Company Limited
Solartron Public Company Limited, together with its subsidiaries, engages in manufacturing, distribution, selling, and installation of solar-cell systems and related equipment in Thailand and internationally. It operates through Selling and Installation of Solar - Cell Systems; Distribution Solar " Cell; and Sale of Electricity segments. The company offers solar cell and modules. It also provides… Read more
Solartron Public Company Limited (TUUF) - Net Assets
Latest net assets as of June 2025: €697.20 Million EUR
Based on the latest financial reports, Solartron Public Company Limited (TUUF) has net assets worth €697.20 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.57 Billion) and total liabilities (€868.24 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 | €697.20 Million |
| % of Total Assets | 44.54% |
| Annual Growth Rate | -10.17% |
| 5-Year Change | 65.97% |
| 10-Year Change | N/A |
| Growth Volatility | 33.49 |
Solartron Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Solartron 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 Solartron Public Company Limited (2016–2024)
The table below shows the annual net assets of Solartron Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €833.46 Million | -3.17% |
| 2023-12-31 | €860.71 Million | +42.90% |
| 2022-12-31 | €602.31 Million | -21.74% |
| 2021-12-31 | €769.63 Million | +53.26% |
| 2020-12-31 | €502.17 Million | -51.81% |
| 2019-12-31 | €1.04 Billion | -29.50% |
| 2018-12-31 | €1.48 Billion | -19.48% |
| 2017-12-31 | €1.84 Billion | -6.59% |
| 2016-12-31 | €1.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solartron 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 1070.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €2.80 Billion | 335.42% |
| Total Equity | €833.46 Million | 100.00% |
Solartron Public Company Limited Competitors by Market Cap
The table below lists competitors of Solartron Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JV SPAC Acquisition Corp. Right
NASDAQ:JVSAR
|
$2.25 Million |
|
Wellard Ltd
AU:WLD
|
$2.25 Million |
|
Ronin Resources Ltd
AU:RON
|
$2.25 Million |
|
XWELL Inc.
NASDAQ:XWEL
|
$2.25 Million |
|
Y&G Corp Bhd
KLSE:7003
|
$2.25 Million |
|
APB Resources Bhd
KLSE:5568
|
$2.25 Million |
|
Solidx AB (publ)
F:6OK
|
$2.24 Million |
|
Piippo OYJ
HE:PIIPPO
|
$2.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solartron Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 780,937,467 to 833,461,723, a change of 52,524,256 (6.7%).
- Net loss of 35,513,849 reduced equity.
- New share issuances of 88,038,104 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-35.51 Million | -4.26% |
| Share Issuances | €88.04 Million | +10.56% |
| Other Changes | €1.00 | +0.0% |
| Total Change | €- | 6.73% |
Book Value vs Market Value Analysis
This analysis compares Solartron 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: 0.00x
- 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 | €3.26 | €0.00 | x |
| 2018-12-31 | €2.57 | €0.00 | x |
| 2019-12-31 | €1.76 | €0.00 | x |
| 2020-12-31 | €0.77 | €0.00 | x |
| 2021-12-31 | €0.63 | €0.00 | x |
| 2022-12-31 | €0.48 | €0.00 | x |
| 2023-12-31 | €0.65 | €0.00 | x |
| 2024-12-31 | €0.64 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solartron 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): -4.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.76%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.98x
- Recent ROE (-4.26%) is above the historical average (-30.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -2.57% | -3.69% | 0.34x | 2.04x | €-246.98 Million |
| 2017 | -10.66% | -20.01% | 0.25x | 2.11x | €-366.62 Million |
| 2018 | -27.41% | -55.30% | 0.23x | 2.13x | €-523.15 Million |
| 2019 | -45.42% | -104.53% | 0.17x | 2.58x | €-531.21 Million |
| 2020 | -128.59% | -193.66% | 0.15x | 4.57x | €-582.93 Million |
| 2021 | -41.16% | -159.48% | 0.08x | 3.08x | €-351.59 Million |
| 2022 | -32.13% | -65.50% | 0.14x | 3.46x | €-219.15 Million |
| 2023 | 19.55% | 48.31% | 0.16x | 2.53x | €74.60 Million |
| 2024 | -4.26% | -9.76% | 0.22x | 1.98x | €-118.86 Million |
Industry Comparison
This section compares Solartron Public Company Limited's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $862,333,333
- Average return on equity (ROE) among peers: 6.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solartron Public Company Limited (TUUF) | €697.20 Million | -2.57% | 1.25x | $2.25 Million |
| Carpevigo Holding AG (CV3) | $0.00 | 0.00% | 0.00x | $5.04K |
| CN SINGYES (KG0A) | $2.60 Billion | 18.88% | 1.42x | $12.33 Million |
| Phoenix Solar Aktiengesellschaft (PS4) | $-12.11 Million | 0.00% | 0.00x | $48.17K |