Siam City Cement Public Company Limited
Siam City Cement Public Company Limited, together with its subsidiaries, manufactures, imports, exports, and sells cement and cement related products in Thailand, Vietnam, Sri Lanka, Singapore, Australia, Cambodia, Bangladesh, Indonesia, India, Dubai, and internationally. It operates through five segments: Cement, Concrete and Aggregate, Waste Management and Industrial Services, Light Building Ma… Read more
Siam City Cement Public Company Limited (SICUF) - Net Assets
Latest net assets as of December 2025: $39.76 Billion USD
Based on the latest financial reports, Siam City Cement Public Company Limited (SICUF) has net assets worth $39.76 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($77.27 Billion) and total liabilities ($37.51 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 | $39.76 Billion |
| % of Total Assets | 51.45% |
| Annual Growth Rate | 2.75% |
| 5-Year Change | 1.35% |
| 10-Year Change | N/A |
| Growth Volatility | 14.1 |
Siam City Cement Public Company Limited - Net Assets Trend (2020–2025)
This chart illustrates how Siam City Cement 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 Siam City Cement Public Company Limited (2020–2025)
The table below shows the annual net assets of Siam City Cement Public Company Limited from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $39.76 Billion | -7.04% |
| 2024-12-31 | $42.77 Billion | +26.36% |
| 2023-12-31 | $33.85 Billion | -1.90% |
| 2022-12-31 | $34.50 Billion | -12.04% |
| 2021-12-31 | $39.23 Billion | +13.00% |
| 2020-12-31 | $34.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siam City 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 26.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.47 Billion | 44.94% |
| Other Components | $17.73 Billion | 55.06% |
| Total Equity | $32.20 Billion | 100.00% |
Siam City Cement Public Company Limited Competitors by Market Cap
The table below lists competitors of Siam City Cement Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global PMX Co Ltd
TW:4551
|
$190.84 Million |
|
CIPUTRA SURYA
F:P2C
|
$190.88 Million |
|
US Gold Corp
NASDAQ:USAU
|
$190.98 Million |
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
$191.03 Million |
|
First Western Financial Inc
NASDAQ:MYFW
|
$190.74 Million |
|
CoinShares
PINK:CSNRF
|
$190.68 Million |
|
ASCOM HLDG NA SF 0,50
F:AH2N
|
$190.62 Million |
|
Forus S.A
SN:FORUS
|
$190.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siam City Cement Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,698,266,000 to 32,198,539,000, a change of -2,499,727,000 (-7.2%).
- Net income of 3,493,465,000 contributed positively to equity growth.
- Dividend payments of 4,086,045,000 reduced retained earnings.
- New share issuances of 250,000,000 increased equity.
- Other factors decreased equity by 2,157,147,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.49 Billion | +10.85% |
| Dividends Paid | $4.09 Billion | -12.69% |
| Share Issuances | $250.00 Million | +0.78% |
| Other Changes | $-2.16 Billion | -6.7% |
| Total Change | $- | -7.20% |
Book Value vs Market Value Analysis
This analysis compares Siam City 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: 0.03x
- 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 |
|---|---|---|---|
| 2020-12-31 | $111.96 | $3.30 | x |
| 2021-12-31 | $126.55 | $3.30 | x |
| 2022-12-31 | $111.54 | $3.30 | x |
| 2023-12-31 | $110.67 | $3.30 | x |
| 2024-12-31 | $116.44 | $3.30 | x |
| 2025-12-31 | $108.05 | $3.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siam City 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): 10.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.45%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.40x
- Recent ROE (10.85%) is above the historical average (10.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 11.03% | 8.76% | 0.54x | 2.33x | $344.05 Million |
| 2021 | 11.26% | 10.19% | 0.51x | 2.17x | $476.38 Million |
| 2022 | 5.59% | 3.70% | 0.68x | 2.21x | $-1.47 Billion |
| 2023 | 8.13% | 6.35% | 0.61x | 2.11x | $-615.75 Million |
| 2024 | 15.53% | 12.30% | 0.54x | 2.35x | $1.92 Billion |
| 2025 | 10.85% | 6.45% | 0.70x | 2.40x | $273.61 Million |
Industry Comparison
This section compares Siam City Cement Public Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $78,983,864,921
- Average return on equity (ROE) among peers: -918.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Siam City Cement Public Company Limited (SICUF) | $39.76 Billion | 11.03% | 0.94x | $190.83 Million |
| Anhui Conch Cement Co Ltd (AHCHY) | $6.85 Billion | 5.94% | 1.81x | $19.28 Billion |
| Amrize Ltd (AMRZ) | $8.21 Billion | 13.50% | 1.52x | $27.46 Billion |
| Basanite Inc (BASA) | $181.76K | -9065.80% | 27.67x | $7.57 Million |
| PT Berkah Beton Sadaya Tbk (BHBSY) | $771.79 Billion | 15.93% | 0.06x | $360.00 Million |
| BRDNF (BRDNF) | $1.11 Billion | 9.50% | 0.69x | $1.54 Billion |
| Brickworks Limited (BRKWF) | $1.84 Billion | 4.25% | 0.37x | $1.23 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $3.74 Million |
| Capstone Therapeutics Corp (CAPS) | $3.10 Million | -134.29% | 0.09x | $80.00K |
| Captivision Inc. (CAPT) | $-12.26 Million | 0.00% | 0.00x | $11.82 Million |
| China GengSheng Minerals Inc (CHGS) | $40.48 Million | -33.45% | 3.01x | $0.97 |