AAPICO Hitech Public Company Limited
AAPICO Hitech Public Company Limited engages in the manufacture and distribution of automobile parts, dies, and jigs in Thailand, China, Malaysia, and Portugal. It operates through three segments: Manufacture of Auto Parts; Sales of Automobiles and Provision of Automobiles Repair Service; and Others. The company offers pressed and stamped body parts, including floor parts, cross members, side sil… Read more
AAPICO Hitech Public Company Limited (AH) - Net Assets
Latest net assets as of September 2025: ฿11.40 Billion THB
Based on the latest financial reports, AAPICO Hitech Public Company Limited (AH) has net assets worth ฿11.40 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿23.44 Billion) and total liabilities (฿12.04 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 | ฿11.40 Billion |
| % of Total Assets | 48.64% |
| Annual Growth Rate | 10.0% |
| 5-Year Change | 42.01% |
| 10-Year Change | 83.74% |
| Growth Volatility | 20.49 |
AAPICO Hitech Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how AAPICO Hitech 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 AAPICO Hitech Public Company Limited (2003–2024)
The table below shows the annual net assets of AAPICO Hitech Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿10.99 Billion | -2.86% |
| 2023-12-31 | ฿11.32 Billion | +13.97% |
| 2022-12-31 | ฿9.93 Billion | +12.65% |
| 2021-12-31 | ฿8.81 Billion | +13.87% |
| 2020-12-31 | ฿7.74 Billion | +3.50% |
| 2019-12-31 | ฿7.48 Billion | -5.88% |
| 2018-12-31 | ฿7.95 Billion | +10.63% |
| 2017-12-31 | ฿7.18 Billion | +15.18% |
| 2016-12-31 | ฿6.24 Billion | +4.23% |
| 2015-12-31 | ฿5.98 Billion | +5.31% |
| 2014-12-31 | ฿5.68 Billion | +3.85% |
| 2013-12-31 | ฿5.47 Billion | +10.97% |
| 2012-12-31 | ฿4.93 Billion | +20.10% |
| 2011-12-31 | ฿4.10 Billion | -10.89% |
| 2010-12-31 | ฿4.61 Billion | +7.09% |
| 2009-12-31 | ฿4.30 Billion | -4.75% |
| 2008-12-31 | ฿4.52 Billion | +2.81% |
| 2007-12-31 | ฿4.39 Billion | -0.03% |
| 2006-12-31 | ฿4.39 Billion | +6.72% |
| 2005-12-31 | ฿4.12 Billion | +86.07% |
| 2004-12-31 | ฿2.21 Billion | +49.10% |
| 2003-12-31 | ฿1.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AAPICO Hitech 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 1666.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿7.96 Billion | 75.64% |
| Common Stock | ฿354.84 Million | 3.37% |
| Other Comprehensive Income | ฿596.28 Million | 5.67% |
| Other Components | ฿1.61 Billion | 15.33% |
| Total Equity | ฿10.52 Billion | 100.00% |
AAPICO Hitech Public Company Limited Competitors by Market Cap
The table below lists competitors of AAPICO Hitech Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CPI CARD GROUP DL-001
F:CPB1
|
$75.69 Million |
|
Koryx Copper Inc.
OTCQB:KRYXF
|
$75.70 Million |
|
SOUTH MANGAN.INV. HD-05
F:00D0
|
$75.72 Million |
|
ADF Foods Limited
NSE:ADFFOODS
|
$75.83 Million |
|
Satellos Bioscience Inc
OTCQB:MSCLF
|
$75.67 Million |
|
Pacific Century Regional Developments Limited
F:PFQ
|
$75.65 Million |
|
ATW Technology Inc
TWO:8097
|
$75.62 Million |
|
Falcon Oil & Gas Ltd.
PINK:FOLGF
|
$75.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AAPICO Hitech Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,832,074,260 to 10,523,651,330, a change of -308,422,930 (-2.8%).
- Net income of 746,961,272 contributed positively to equity growth.
- Dividend payments of 440,733,572 reduced retained earnings.
- Share repurchases of 377,142,040 reduced equity.
- Other comprehensive income increased equity by 364,355,942.
- Other factors decreased equity by 601,864,532.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿746.96 Million | +7.1% |
| Dividends Paid | ฿440.73 Million | -4.19% |
| Share Repurchases | ฿377.14 Million | -3.58% |
| Other Comprehensive Income | ฿364.36 Million | +3.46% |
| Other Changes | ฿-601.86 Million | -5.72% |
| Total Change | ฿- | -2.85% |
Book Value vs Market Value Analysis
This analysis compares AAPICO Hitech 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: 0.44x
- 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 1.21x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿10.95 | ฿13.30 | x |
| 2007-12-31 | ฿14.42 | ฿13.30 | x |
| 2008-12-31 | ฿14.86 | ฿13.30 | x |
| 2009-12-31 | ฿14.13 | ฿13.30 | x |
| 2010-12-31 | ฿15.03 | ฿13.30 | x |
| 2011-12-31 | ฿13.34 | ฿13.30 | x |
| 2012-12-31 | ฿15.60 | ฿13.30 | x |
| 2013-12-31 | ฿14.96 | ฿13.30 | x |
| 2014-12-31 | ฿15.57 | ฿13.30 | x |
| 2015-12-31 | ฿16.35 | ฿13.30 | x |
| 2016-12-31 | ฿17.19 | ฿13.30 | x |
| 2017-12-31 | ฿20.02 | ฿13.30 | x |
| 2018-12-31 | ฿20.07 | ฿13.30 | x |
| 2019-12-31 | ฿20.64 | ฿13.30 | x |
| 2020-12-31 | ฿19.15 | ฿13.30 | x |
| 2021-12-31 | ฿23.99 | ฿13.30 | x |
| 2022-12-31 | ฿27.09 | ฿13.30 | x |
| 2023-12-31 | ฿30.53 | ฿13.30 | x |
| 2024-12-31 | ฿30.25 | ฿13.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AAPICO Hitech 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): 7.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.81%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 2.19x
- Recent ROE (7.10%) is below the historical average (10.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 21.22% | 7.89% | 0.99x | 2.73x | ฿164.03 Million |
| 2004 | 35.38% | 11.22% | 1.43x | 2.21x | ฿547.43 Million |
| 2005 | 17.55% | 8.81% | 1.32x | 1.51x | ฿305.81 Million |
| 2006 | 9.40% | 4.75% | 0.90x | 2.19x | ฿-24.30 Million |
| 2007 | 8.12% | 3.61% | 1.08x | 2.08x | ฿-81.07 Million |
| 2008 | 5.17% | 2.41% | 1.03x | 2.08x | ฿-214.55 Million |
| 2009 | -2.75% | -1.58% | 0.77x | 2.26x | ฿-538.90 Million |
| 2010 | 7.94% | 3.03% | 1.02x | 2.55x | ฿-92.70 Million |
| 2011 | -9.77% | -3.61% | 0.94x | 2.89x | ฿-788.69 Million |
| 2012 | 19.08% | 5.69% | 1.17x | 2.87x | ฿436.45 Million |
| 2013 | 11.51% | 3.91% | 1.24x | 2.37x | ฿79.98 Million |
| 2014 | 6.66% | 2.52% | 1.21x | 2.19x | ฿-184.43 Million |
| 2015 | 5.40% | 2.15% | 1.26x | 1.98x | ฿-267.08 Million |
| 2016 | 8.98% | 3.69% | 1.33x | 1.84x | ฿-61.50 Million |
| 2017 | 16.61% | 7.34% | 1.07x | 2.11x | ฿460.62 Million |
| 2018 | 16.89% | 7.76% | 0.94x | 2.33x | ฿530.17 Million |
| 2019 | -2.32% | -0.91% | 0.87x | 2.94x | ฿-890.44 Million |
| 2020 | 1.98% | 0.86% | 0.77x | 2.99x | ฿-599.55 Million |
| 2021 | 12.03% | 5.01% | 0.90x | 2.67x | ฿172.67 Million |
| 2022 | 18.97% | 6.52% | 1.10x | 2.65x | ฿862.54 Million |
| 2023 | 14.87% | 5.36% | 1.19x | 2.34x | ฿527.23 Million |
| 2024 | 7.10% | 2.81% | 1.15x | 2.19x | ฿-305.40 Million |
Industry Comparison
This section compares AAPICO Hitech Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,525,033,515
- Average return on equity (ROE) among peers: 5.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AAPICO Hitech Public Company Limited (AH) | ฿11.40 Billion | 21.22% | 1.06x | $75.69 Million |
| CPR Gomu Industrial PCL (CPR) | $475.50 Million | 13.62% | 0.18x | $3.23 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $755.29 Million | 3.98% | 1.02x | $8.58 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $1.33 Billion | 15.39% | 1.11x | $17.95 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $2.88 Billion | 8.09% | 0.26x | $7.46 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $1.19 Billion | 0.00% | 0.28x | $37.35 Million |
| Interhides Public Company Limited (IHL) | $1.64 Billion | 3.49% | 1.44x | $6.94 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.46 Billion | -3.09% | 0.68x | $4.95 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $2.05 Billion | 7.34% | 0.80x | $15.61 Million |
| N.D. Rubber Public Company Limited (NDR) | $946.85 Million | 0.86% | 0.29x | $8.48 Million |