Thai Credit Pcl
Thai Credit Bank Public Company Limited provides financial services to micro, small, and medium-sized enterprises in Thailand. It operates in two segments, e-Wallet Business and Banking Business. The company offers micro-SME, home, personal, cash, nano and microcredit, and gold loans; deposit products, including current, savings, fixed deposit, tax free, and other accounts; and mutual funds. It a… Read more
Thai Credit Pcl (CREDIT) - Net Assets
Latest net assets as of June 2024: ฿20.67 Billion THB
Based on the latest financial reports, Thai Credit Pcl (CREDIT) has net assets worth ฿20.67 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿175.22 Billion) and total liabilities (฿154.55 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 | ฿20.67 Billion |
| % of Total Assets | 11.8% |
| Annual Growth Rate | 37.48% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Thai Credit Pcl - Net Assets Trend (2021–2022)
This chart illustrates how Thai Credit Pcl's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai Credit Pcl (2021–2022)
The table below shows the annual net assets of Thai Credit Pcl from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | ฿14.38 Billion | +37.45% |
| 2021-09-30 | ฿10.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Credit Pcl'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 46.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿7.11 Billion | 49.44% |
| Other Components | ฿7.27 Billion | 50.56% |
| Total Equity | ฿14.38 Billion | 100.00% |
Thai Credit Pcl Competitors by Market Cap
The table below lists competitors of Thai Credit Pcl ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Total Gabon
F:RZW
|
$174.54 Million |
|
XiAn Catering Co Ltd
SHE:000721
|
$174.55 Million |
|
ZH.JIN.ENV.HLDG DL-00001
F:3UG
|
$174.60 Million |
|
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
|
$174.61 Million |
|
Touchstone International Medical Science Co Ltd
SHG:688013
|
$174.48 Million |
|
Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd
SHE:301126
|
$174.48 Million |
|
DITTO (THAILAND)
BK:DITTO-R
|
$174.47 Million |
|
Wuhan Tianyu Info Industry
SHE:300205
|
$174.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Credit Pcl's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 10,463,015,000 to 14,381,577,000, a change of 3,918,562,000 (37.5%).
- Net income of 2,352,521,000 contributed positively to equity growth.
- New share issuances of 1,556,250,000 increased equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.35 Billion | +16.36% |
| Share Issuances | ฿1.56 Billion | +10.82% |
| Other Changes | ฿9.79 Million | +0.07% |
| Total Change | ฿- | 37.45% |
Book Value vs Market Value Analysis
This analysis compares Thai Credit Pcl'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: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.97x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | ฿8.51 | ฿16.80 | x |
| 2022-09-30 | ฿11.70 | ฿16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Credit Pcl 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): 16.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.96%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 9.96x
- Recent ROE (16.36%) is below the historical average (17.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.49% | 22.14% | 0.08x | 11.02x | ฿888.72 Million |
| 2022 | 16.36% | 20.96% | 0.08x | 9.96x | ฿914.36 Million |
Industry Comparison
This section compares Thai Credit Pcl's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $229,761,399,261
- Average return on equity (ROE) among peers: 9.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Credit Pcl (CREDIT) | ฿20.67 Billion | 18.49% | 7.48x | $174.53 Million |
| Bank of Ayudhya PCL (BAY) | $243.72 Billion | 10.18% | 7.92x | $216.48 Million |
| Bangkok Bank PCL (BBL) | $244.69 Billion | 11.17% | 7.61x | $7.97 Billion |
| CIMB Thai Bank Public Company Limited (CIMBT) | $214.95 Billion | -2.06% | 0.01x | $19.21 Million |
| LH Financial Group Public Company Limited (LHFG) | $41.16 Billion | 7.81% | 4.85x | $108.76 Million |
| SCB X Public Company Limited (SCB) | $483.73 Billion | 9.00% | 6.11x | $6.95 Billion |
| The Siam Commercial Bank Public Company Limited (SCB-R) | $363.76 Billion | 11.86% | 7.31x | $6.11 Billion |
| TISCO Financial Group Public Company Limited (TISCO) | $16.31 Billion | 20.03% | 12.53x | $2.25 Billion |