88(Thailand) Public Company Limited
88(Thailand) Public Company Limited manufactures and distributes cosmetics and dietary supplements. Its brands include the Ver.88, Lyo, and Hone names. The company was founded in 2015 and is based in Bangkok, Thailand.
88(Thailand) Public Company Limited (88TH) - Net Assets
Latest net assets as of December 2025: ฿486.64 Million THB
Based on the latest financial reports, 88(Thailand) Public Company Limited (88TH) has net assets worth ฿486.64 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿555.44 Million) and total liabilities (฿68.81 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 | ฿486.64 Million |
| % of Total Assets | 87.61% |
| Annual Growth Rate | 120.21% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
88(Thailand) Public Company Limited - Net Assets Trend (2024–2025)
This chart illustrates how 88(Thailand) 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 88(Thailand) Public Company Limited (2024–2025)
The table below shows the annual net assets of 88(Thailand) Public Company Limited from 2024 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿486.64 Million | +120.09% |
| 2024-12-31 | ฿221.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 88(Thailand) 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 7792799000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿77.93 Million | 16.01% |
| Other Components | ฿408.71 Million | 83.99% |
| Total Equity | ฿486.64 Million | 100.00% |
88(Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of 88(Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intense Technologies Limited
NSE:INTENTECH
|
$15.31 Million |
|
Brouwerij Handelsmaatschappij NV
BR:COBH
|
$15.31 Million |
|
Fu Burg Industrial Co Ltd
TWO:8929
|
$15.32 Million |
|
Reitar Logtech Holdings Limited Ordinary shares
NASDAQ:RITR
|
$15.32 Million |
|
Headway
TW:1776
|
$15.30 Million |
|
Kalamazoo Resources Ltd
AU:KZR
|
$15.30 Million |
|
Atomic Eagle Limited
AU:AEU
|
$15.29 Million |
|
Young Heung I&
KO:012160
|
$15.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 88(Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 221,107,394 to 486,638,057, a change of 265,530,663 (120.1%).
- Net income of 101,003,803 contributed positively to equity growth.
- Dividend payments of 61,200,000 reduced retained earnings.
- New share issuances of 231,625,000 increased equity.
- Other factors decreased equity by 5,898,140.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿101.00 Million | +20.76% |
| Dividends Paid | ฿61.20 Million | -12.58% |
| Share Issuances | ฿231.62 Million | +47.6% |
| Other Changes | ฿-5.90 Million | -1.21% |
| Total Change | ฿- | 120.09% |
Book Value vs Market Value Analysis
This analysis compares 88(Thailand) 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: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2025-12-31 | ฿2.29 | ฿5.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 88(Thailand) 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): 20.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.36%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.14x
- Recent ROE (20.76%) is below the historical average (22.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2024 | 25.22% | 11.67% | 1.69x | 1.28x | ฿33.66 Million |
| 2025 | 20.76% | 15.36% | 1.18x | 1.14x | ฿52.34 Million |
Industry Comparison
This section compares 88(Thailand) Public Company Limited's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $706,256,110
- Average return on equity (ROE) among peers: 36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 88(Thailand) Public Company Limited (88TH) | ฿486.64 Million | 25.22% | 0.14x | $15.31 Million |
| Asian Phytoceuticals Public Company Limited (APCO) | $610.51 Million | 13.25% | 0.11x | $16.52 Million |
| Bangkok Lab & Cosmetic PCL (BLC) | $281.51 Million | 44.66% | 3.31x | $12.24 Million |
| Do Day Dream Public Company Limited (DDD) | $374.95 Million | 87.48% | 1.07x | $16.05 Million |
| Jack Chia Industries (Thailand) Public Company Limited (JCT) | $1.31 Billion | 6.77% | 0.23x | $6.30 Million |
| Karmarts Public Company Limited (KAMART) | $107.26 Million | 73.53% | 13.45x | $183.04 Million |
| Rojukiss International Public Company Limited (KISS) | $1.09 Billion | 12.03% | 0.29x | $24.62 Million |
| Moong Pattana International Public Company Limited (MOONG) | $736.89 Million | 17.52% | 0.30x | $6.29 Million |
| Neo Corporate Pcl (NEO) | $1.57 Billion | 52.93% | 3.65x | $52.82 Million |
| Nutrition Profess Public Company Limited (NUT) | $279.67 Million | 19.72% | 0.77x | $1.15K |