Function International PCL
Function International Public Company Limited, together with its subsidiaries, manufactures and sells water treatment products in Thailand. It offers household water purifiers, water purifier RO systems, and filters; commercial water purifiers, hot-cool machines, water vending machines, and watermakers; industrial water purifier TRT and FRP tank and media; and pumps and valves. The company sells … Read more
Function International PCL (FTI) - Net Assets
Latest net assets as of September 2025: ฿735.53 Million THB
Based on the latest financial reports, Function International PCL (FTI) has net assets worth ฿735.53 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿913.54 Million) and total liabilities (฿178.01 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 | ฿735.53 Million |
| % of Total Assets | 80.51% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | 120.75% |
| 10-Year Change | N/A |
| Growth Volatility | 34.05 |
Function International PCL - Net Assets Trend (2017–2024)
This chart illustrates how Function International 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 Function International PCL (2017–2024)
The table below shows the annual net assets of Function International PCL from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿722.21 Million | +0.85% |
| 2023-12-31 | ฿716.16 Million | +0.92% |
| 2022-12-31 | ฿709.65 Million | +99.37% |
| 2021-12-31 | ฿355.95 Million | +8.80% |
| 2020-12-31 | ฿327.17 Million | -0.98% |
| 2019-12-31 | ฿330.39 Million | -3.57% |
| 2018-12-31 | ฿342.62 Million | +17.73% |
| 2017-12-31 | ฿291.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Function International 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 decreased by 56.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿40.09 Million | 5.59% |
| Other Components | ฿677.37 Million | 94.41% |
| Total Equity | ฿717.46 Million | 100.00% |
Function International PCL Competitors by Market Cap
The table below lists competitors of Function International PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
$6.18 Million |
|
Emmbi Industries Limited
NSE:EMMBI
|
$6.19 Million |
|
S&S Healthcare Holding Ltd.
TWO:4198
|
$6.19 Million |
|
Global Power Solutions Corp.
V:PWER
|
$6.19 Million |
|
Excelsior Capital Ltd
AU:ECL
|
$6.18 Million |
|
Paid Inc
PINK:PAYD
|
$6.18 Million |
|
Asuransi Ramayana Tbk
JK:ASRM
|
$6.17 Million |
|
Global Education Communities Corp.
OTCQX:GECSF
|
$6.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Function International PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 713,115,571 to 717,461,709, a change of 4,346,138 (0.6%).
- Net income of 36,576,197 contributed positively to equity growth.
- Dividend payments of 31,499,489 reduced retained earnings.
- Other comprehensive income decreased equity by 45,000,000.
- Other factors increased equity by 44,269,431.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿36.58 Million | +5.1% |
| Dividends Paid | ฿31.50 Million | -4.39% |
| Other Comprehensive Income | ฿-45.00 Million | -6.27% |
| Other Changes | ฿44.27 Million | +6.17% |
| Total Change | ฿- | 0.61% |
Book Value vs Market Value Analysis
This analysis compares Function International 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: 1.12x
- 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 2.77x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿0.65 | ฿1.79 | x |
| 2018-12-31 | ฿0.76 | ฿1.79 | x |
| 2019-12-31 | ฿0.73 | ฿1.79 | x |
| 2020-12-31 | ฿0.73 | ฿1.79 | x |
| 2021-12-31 | ฿0.79 | ฿1.79 | x |
| 2022-12-31 | ฿1.77 | ฿1.79 | x |
| 2023-12-31 | ฿1.58 | ฿1.79 | x |
| 2024-12-31 | ฿1.59 | ฿1.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Function International 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.54%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.37x
- Recent ROE (5.10%) is below the historical average (12.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 22.33% | 9.50% | 1.34x | 1.76x | ฿35.89 Million |
| 2018 | 15.17% | 7.23% | 1.22x | 1.72x | ฿17.73 Million |
| 2019 | 11.43% | 5.15% | 1.16x | 1.91x | ฿4.71 Million |
| 2020 | 21.49% | 8.16% | 1.55x | 1.69x | ฿37.58 Million |
| 2021 | 10.22% | 5.07% | 1.26x | 1.60x | ฿796.15K |
| 2022 | 5.08% | 5.17% | 0.80x | 1.23x | ฿-34.94 Million |
| 2023 | 6.19% | 5.66% | 0.73x | 1.49x | ฿-27.20 Million |
| 2024 | 5.10% | 4.54% | 0.82x | 1.37x | ฿-35.17 Million |
Industry Comparison
This section compares Function International PCL's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $358,987,522
- Average return on equity (ROE) among peers: 3.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Function International PCL (FTI) | ฿735.53 Million | 22.33% | 0.24x | $6.18 Million |
| Filter Vision Public Company Limited (FVC) | $358.99 Million | 3.43% | 0.30x | $19.25 Million |