Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) - Net Assets
Based on the latest financial reports, Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) has net assets worth ฿417.39 Million THB (≈ $13.01 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 (฿2.13 Billion ≈ $66.25 Million USD) and total liabilities (฿1.71 Billion ≈ $53.24 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 Kiang Huat Sea Gull Trading Frozen Food (CHOTI) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿417.39 Million |
| % of Total Assets | 19.64% |
| Annual Growth Rate | -4.09% |
| 5-Year Change | -51.67% |
| 10-Year Change | -68.23% |
| Growth Volatility | 12.37 |
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Kiang Huat Sea Gull Trading Frozen Food Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Kiang Huat Sea Gull Trading Frozen Food liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (2000–2025)
The table below shows the annual net assets of Kiang Huat Sea Gull Trading Frozen Food Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Kiang Huat Sea Gull Trading Frozen Food stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿417.39 Million ≈ $13.01 Million |
-50.64% |
| 2024-12-31 | ฿845.53 Million ≈ $26.35 Million |
-13.07% |
| 2023-12-31 | ฿972.69 Million ≈ $30.32 Million |
+3.05% |
| 2022-12-31 | ฿943.91 Million ≈ $29.42 Million |
+9.30% |
| 2021-12-31 | ฿863.61 Million ≈ $26.92 Million |
+6.56% |
| 2020-12-31 | ฿810.43 Million ≈ $25.26 Million |
-15.18% |
| 2019-12-31 | ฿955.48 Million ≈ $29.78 Million |
-15.42% |
| 2018-12-31 | ฿1.13 Billion ≈ $35.21 Million |
-6.45% |
| 2017-12-31 | ฿1.21 Billion ≈ $37.64 Million |
-8.10% |
| 2016-12-31 | ฿1.31 Billion ≈ $40.95 Million |
+6.94% |
| 2015-12-31 | ฿1.23 Billion ≈ $38.29 Million |
+0.59% |
| 2014-12-31 | ฿1.22 Billion ≈ $38.07 Million |
-2.30% |
| 2013-12-31 | ฿1.25 Billion ≈ $38.96 Million |
-8.01% |
| 2012-12-31 | ฿1.36 Billion ≈ $42.36 Million |
-1.98% |
| 2011-12-31 | ฿1.39 Billion ≈ $43.21 Million |
-0.40% |
| 2010-12-31 | ฿1.39 Billion ≈ $43.38 Million |
+6.73% |
| 2009-12-31 | ฿1.30 Billion ≈ $40.65 Million |
+8.21% |
| 2008-12-31 | ฿1.21 Billion ≈ $37.56 Million |
+4.57% |
| 2007-12-31 | ฿1.15 Billion ≈ $35.92 Million |
+7.02% |
| 2006-12-31 | ฿1.08 Billion ≈ $33.56 Million |
+0.74% |
| 2005-12-31 | ฿1.07 Billion ≈ $33.32 Million |
-0.04% |
| 2004-12-31 | ฿1.07 Billion ≈ $33.33 Million |
+10.09% |
| 2003-12-31 | ฿971.41 Million ≈ $30.28 Million |
-1.55% |
| 2002-12-31 | ฿986.68 Million ≈ $30.75 Million |
-3.67% |
| 2001-12-31 | ฿1.02 Billion ≈ $31.93 Million |
-13.62% |
| 2000-12-31 | ฿1.19 Billion ≈ $36.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kiang Huat Sea Gull Trading Frozen Food 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 77.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿214.22 Million | 51.33% |
| Other Components | ฿203.15 Million | 48.67% |
| Total Equity | ฿417.37 Million | 100.00% |
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited Competitors by Market Cap
The table below lists competitors of Kiang Huat Sea Gull Trading Frozen Food Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HM Inwest S.A.
WAR:HMI
|
$16.07 Million |
|
Arcure SA
PA:ALCUR
|
$16.09 Million |
|
Dongsung Pharm
KO:002210
|
$16.09 Million |
|
Western Mines Group Ltd
AU:WMG
|
$16.10 Million |
|
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS
IS:SAMAT
|
$16.06 Million |
|
Menteng Heritage Realty Tbk PT
JK:HRME
|
$16.06 Million |
|
Linius Technologies Ltd
AU:LNU
|
$16.06 Million |
|
HK Co. Ltd
KQ:044780
|
$16.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kiang Huat Sea Gull Trading Frozen Food Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 845,514,880 to 417,371,662, a change of -428,143,218 (-50.6%).
- Net loss of 428,006,447 reduced equity.
- Other comprehensive income increased equity by 30,269,581.
- Other factors decreased equity by 30,406,352.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-428.01 Million | -102.55% |
| Other Comprehensive Income | ฿30.27 Million | +7.25% |
| Other Changes | ฿-30.41 Million | -7.29% |
| Total Change | ฿- | -50.64% |
Book Value vs Market Value Analysis
This analysis compares Kiang Huat Sea Gull Trading Frozen Food 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: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.53x to 1.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿129.51 | ฿68.75 | x |
| 2004-12-31 | ฿142.58 | ฿68.75 | x |
| 2005-12-31 | ฿142.52 | ฿68.75 | x |
| 2006-12-31 | ฿143.69 | ฿68.75 | x |
| 2007-12-31 | ฿153.65 | ฿68.75 | x |
| 2008-12-31 | ฿160.67 | ฿68.75 | x |
| 2009-12-31 | ฿173.87 | ฿68.75 | x |
| 2010-12-31 | ฿185.57 | ฿68.75 | x |
| 2011-12-31 | ฿184.83 | ฿68.75 | x |
| 2012-12-31 | ฿181.17 | ฿68.75 | x |
| 2013-12-31 | ฿166.66 | ฿68.75 | x |
| 2014-12-31 | ฿162.83 | ฿68.75 | x |
| 2015-12-31 | ฿163.79 | ฿68.75 | x |
| 2016-12-31 | ฿175.17 | ฿68.75 | x |
| 2017-12-31 | ฿160.98 | ฿68.75 | x |
| 2018-12-31 | ฿150.61 | ฿68.75 | x |
| 2019-12-31 | ฿127.39 | ฿68.75 | x |
| 2020-12-31 | ฿108.05 | ฿68.75 | x |
| 2021-12-31 | ฿115.15 | ฿68.75 | x |
| 2022-12-31 | ฿125.85 | ฿68.75 | x |
| 2023-12-31 | ฿129.69 | ฿68.75 | x |
| 2024-12-31 | ฿112.79 | ฿68.75 | x |
| 2025-12-31 | ฿55.65 | ฿68.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kiang Huat Sea Gull Trading Frozen Food 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): -102.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.62%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 5.09x
- Recent ROE (-102.55%) is below the historical average (0.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.01% | 6.17% | 3.25x | 1.10x | ฿142.45 Million |
| 2001 | 6.29% | 1.73% | 3.14x | 1.16x | ฿-38.03 Million |
| 2002 | 0.52% | 0.15% | 2.95x | 1.13x | ฿-93.54 Million |
| 2003 | -1.29% | -0.42% | 2.38x | 1.28x | ฿-109.64 Million |
| 2004 | 9.22% | 2.98% | 2.57x | 1.21x | ฿-8.36 Million |
| 2005 | 5.19% | 1.73% | 2.42x | 1.24x | ฿-51.39 Million |
| 2006 | 4.18% | 1.30% | 2.78x | 1.16x | ฿-62.64 Million |
| 2007 | 8.88% | 3.05% | 2.47x | 1.18x | ฿-12.92 Million |
| 2008 | 9.76% | 3.38% | 2.27x | 1.28x | ฿-2.84 Million |
| 2009 | 12.64% | 4.56% | 2.59x | 1.07x | ฿34.43 Million |
| 2010 | 14.18% | 5.14% | 2.49x | 1.11x | ฿58.15 Million |
| 2011 | 20.38% | 7.24% | 2.34x | 1.20x | ฿143.84 Million |
| 2012 | 15.70% | 5.79% | 2.08x | 1.31x | ฿77.42 Million |
| 2013 | 1.72% | 0.67% | 1.79x | 1.43x | ฿-103.50 Million |
| 2014 | 0.04% | 0.02% | 1.76x | 1.30x | ฿-121.63 Million |
| 2015 | 2.56% | 1.37% | 1.36x | 1.37x | ฿-91.42 Million |
| 2016 | 9.53% | 3.62% | 1.95x | 1.35x | ฿-6.21 Million |
| 2017 | 1.06% | 0.37% | 1.68x | 1.70x | ฿-107.92 Million |
| 2018 | -5.93% | -2.11% | 1.60x | 1.76x | ฿-179.94 Million |
| 2019 | -18.91% | -7.21% | 1.81x | 1.45x | ฿-276.22 Million |
| 2020 | -18.22% | -8.81% | 1.42x | 1.46x | ฿-228.73 Million |
| 2021 | 4.60% | 1.60% | 1.84x | 1.56x | ฿-46.62 Million |
| 2022 | 11.34% | 3.40% | 1.29x | 2.58x | ฿12.65 Million |
| 2023 | 10.59% | 4.12% | 0.98x | 2.63x | ฿5.70 Million |
| 2024 | -15.45% | -5.14% | 1.11x | 2.71x | ฿-215.18 Million |
| 2025 | -102.55% | -17.62% | 1.14x | 5.09x | ฿-469.74 Million |
Industry Comparison
This section compares Kiang Huat Sea Gull Trading Frozen Food Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $3,264,980,477
- Average return on equity (ROE) among peers: 3.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | ฿417.39 Million | 22.01% | 4.09x | $16.07 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $178.46 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.28 Billion | 11.16% | 0.06x | $30.92 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.27 Billion | 12.45% | 0.07x | $18.65 Million |
| GFPT Public Company Limited (GFPT) | $17.74 Billion | 7.76% | 0.43x | $336.09 Million |
| J.S.P. Property Public Company Limited (JSP) | $930.50 Million | -0.14% | 0.44x | $25.15 Million |
| Thai Ha Public Company Limited (KASET) | $236.43 Million | -29.19% | 1.83x | $5.98 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.18 Billion | 12.47% | 0.14x | $70.59 Million |
| Malee Group Public Company Limited (MALEE) | $1.02 Billion | 30.22% | 1.95x | $69.06 Million |
| President Bakery Public Company Limited (PB) | $3.56 Billion | 23.97% | 0.34x | $673.25 Million |
About Kiang Huat Sea Gull Trading Frozen Food Public Company Limited
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited manufactures and sells frozen seafood products in Thailand, rest of Asia, Europe, and Australia. It operates through Frozen seafood and fruit manufacturing, and Frozen storage segments. The company offers head-on, headless, and peeled deveined or undeveined shrimps; frozen live and cooked shrimps; cuttlefish; squids; octopus and baby … Read more