BT Wealth Industries Public Company Limited (BTW) - Net Assets

Latest as of December 2025: ฿158.70 Million THB ≈ $4.95 Million USD

Based on the latest financial reports, BT Wealth Industries Public Company Limited (BTW) has net assets worth ฿158.70 Million THB (≈ $4.95 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿602.37 Million ≈ $18.78 Million USD) and total liabilities (฿443.67 Million ≈ $13.83 Million 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 how tangible is BT Wealth Industries Public Company Limi's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿158.70 Million
% of Total Assets	26.35%
Annual Growth Rate	-11.48%
5-Year Change	-84.2%
10-Year Change	-88.92%
Growth Volatility	36.01

BT Wealth Industries Public Company Limited - Net Assets Trend (2014–2025)

This chart illustrates how BT Wealth Industries Public Company Limited's net assets have evolved over time, based on quarterly financial data. See BT Wealth Industries Public Company Limi defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for BT Wealth Industries Public Company Limited (2014–2025)

The table below shows the annual net assets of BT Wealth Industries Public Company Limited from 2014 to 2025. For live valuation and market cap data, see BTW market cap.

Year	Net Assets	Change
2025-12-31	฿158.70 Million ≈ $4.95 Million	-34.09%
2024-12-31	฿240.77 Million ≈ $7.50 Million	-13.13%
2023-12-31	฿277.16 Million ≈ $8.64 Million	-73.47%
2022-12-31	฿1.04 Billion ≈ $32.56 Million	+4.01%
2021-12-31	฿1.00 Billion ≈ $31.31 Million	-13.63%
2020-12-31	฿1.16 Billion ≈ $36.25 Million	+3.92%
2019-12-31	฿1.12 Billion ≈ $34.88 Million	-16.73%
2018-12-31	฿1.34 Billion ≈ $41.89 Million	-1.81%
2017-12-31	฿1.37 Billion ≈ $42.66 Million	-4.42%
2016-12-31	฿1.43 Billion ≈ $44.64 Million	+32.46%
2015-12-31	฿1.08 Billion ≈ $33.70 Million	+78.05%
2014-12-31	฿607.19 Million ≈ $18.93 Million	--

Equity Component Analysis

This analysis shows how different components contribute to BT Wealth Industries 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 738.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿1.10 Billion	680.81%
Total Equity	฿161.48 Million	100.00%

BT Wealth Industries Public Company Limited Competitors by Market Cap

The table below lists competitors of BT Wealth Industries Public Company Limited ranked by their market capitalization.

Company	Market Cap
Hargreave Hale Aim Vct PLC LSE:HHV	$1.41 Million
Quartix Holdings Plc LSE:QTX	$1.41 Million
Edison Lithium Corp V:EDDY	$1.42 Million
Aptitude Software Group PLC LSE:APTD	$1.42 Million
Focusrite Plc LSE:TUNE	$1.41 Million
Nexoptic Technology Corp V:NXO	$1.41 Million
Digjam Limited NSE:DIGJAMLTD	$1.41 Million
Moovly Media Inc V:MVY	$1.41 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BT Wealth Industries Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 243,397,273 to 161,481,194, a change of -81,916,079 (-33.7%).
Net loss of 102,463,639 reduced equity.
Other comprehensive income decreased equity by 48,000,000.
Other factors increased equity by 68,547,560.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-102.46 Million	-63.45%
Other Comprehensive Income	฿-48.00 Million	-29.72%
Other Changes	฿68.55 Million	+42.45%
Total Change	฿-	-33.66%

Book Value vs Market Value Analysis

This analysis compares BT Wealth Industries 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: 0.28x
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 increased from 0.02x to 0.28x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2014-12-31	฿3.31	฿0.06	x
2015-12-31	฿1.80	฿0.06	x
2016-12-31	฿2.12	฿0.06	x
2017-12-31	฿1.81	฿0.06	x
2018-12-31	฿1.80	฿0.06	x
2019-12-31	฿1.48	฿0.06	x
2020-12-31	฿1.54	฿0.06	x
2021-12-31	฿1.33	฿0.06	x
2022-12-31	฿1.38	฿0.06	x
2023-12-31	฿0.37	฿0.06	x
2024-12-31	฿0.31	฿0.06	x
2025-12-31	฿0.21	฿0.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BT Wealth Industries 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): -63.45%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -19.20%
• Asset Turnover: 0.89x
• Equity Multiplier: 3.73x
Recent ROE (-63.45%) is below the historical average (-19.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	78.18%	18.57%	1.25x	3.38x	฿413.97 Million
2015	62.25%	37.56%	1.29x	1.29x	฿563.65 Million
2016	7.47%	6.00%	0.88x	1.41x	฿-36.16 Million
2017	-0.73%	-0.71%	0.74x	1.39x	฿-146.72 Million
2018	-1.84%	-1.99%	0.71x	1.30x	฿-158.92 Million
2019	-17.77%	-14.11%	0.73x	1.72x	฿-310.69 Million
2020	3.68%	2.98%	0.81x	1.54x	฿-73.38 Million
2021	-14.27%	-11.42%	0.76x	1.64x	฿-243.68 Million
2022	3.30%	1.54%	1.17x	1.82x	฿-69.94 Million
2023	-275.10%	-140.60%	0.71x	2.77x	฿-797.46 Million
2024	-16.08%	-10.82%	0.57x	2.63x	฿-63.49 Million
2025	-63.45%	-19.20%	0.89x	3.73x	฿-118.61 Million

Industry Comparison

This section compares BT Wealth Industries Public Company Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $1,761,182,937
Average return on equity (ROE) among peers: 13.30%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BT Wealth Industries Public Company Limited (BTW)	฿158.70 Million	78.18%	2.80x	$1.41 Million
BJC Heavy Industries Public Company Limited (BJCHI)	$4.39 Billion	27.47%	0.10x	$40.52 Million
Bangkok Sheet Metal Public Company Limited (BM)	$684.07 Million	6.48%	0.31x	$20.98 Million
City Steel Public Company Limited (CITY)	$716.34 Million	16.32%	0.07x	$10.94 Million
Fine Metal Technologies Public Company Limited (FMT)	$1.25 Billion	19.69%	1.61x	$28.58 Million
K.C. Metalsheet Public Company Limited (KCM)	$430.65 Million	-3.08%	0.43x	$5.30 Million
STP&I Public Company Limited (STPI)	$3.10 Billion	12.89%	0.14x	$310.68 Million

About BT Wealth Industries Public Company Limited

BK:BTW Thailand Metal Fabrication

Market Cap

$1.41 Million

฿45.36 Million THB

Market Cap Rank

#30264 Global

#641 in Thailand

Share Price

฿0.06

Change (1 day)

+0.00%

52-Week Range

฿0.05 - ฿0.17

All Time High

฿5.08