Hwa Fong Rubber (Thailand) Public Company Limited (HFT) - Net Assets

Latest as of September 2025: ฿3.73 Billion THB ≈ $116.27 Million USD

Based on the latest financial reports, Hwa Fong Rubber (Thailand) Public Company Limited (HFT) has net assets worth ฿3.73 Billion THB (≈ $116.27 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.12 Billion ≈ $128.30 Million USD) and total liabilities (฿385.79 Million ≈ $12.02 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 financial resilience of Hwa Fong Rubber (Thailand) Public Compan to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.73 Billion
% of Total Assets	90.63%
Annual Growth Rate	5.46%
5-Year Change	11.4%
10-Year Change	55.19%
Growth Volatility	7.59

Hwa Fong Rubber (Thailand) Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Hwa Fong Rubber (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Hwa Fong Rubber (Thailand) Public Compan assets under control for the complete picture of this company's asset base.

Annual Net Assets for Hwa Fong Rubber (Thailand) Public Company Limited (2003–2024)

The table below shows the annual net assets of Hwa Fong Rubber (Thailand) Public Company Limited from 2003 to 2024. For live valuation and market cap data, see how much is Hwa Fong Rubber (Thailand) Public Compan worth.

Year	Net Assets	Change
2024-12-31	฿3.62 Billion ≈ $112.95 Million	+0.34%
2023-12-31	฿3.61 Billion ≈ $112.57 Million	-0.01%
2022-12-31	฿3.61 Billion ≈ $112.58 Million	+2.07%
2021-12-31	฿3.54 Billion ≈ $110.30 Million	+8.79%
2020-12-31	฿3.25 Billion ≈ $101.39 Million	+10.36%
2019-12-31	฿2.95 Billion ≈ $91.87 Million	+4.99%
2018-12-31	฿2.81 Billion ≈ $87.51 Million	+2.79%
2017-12-31	฿2.73 Billion ≈ $85.13 Million	+6.75%
2016-12-31	฿2.56 Billion ≈ $79.75 Million	+9.57%
2015-12-31	฿2.34 Billion ≈ $72.78 Million	+14.45%
2014-12-31	฿2.04 Billion ≈ $63.59 Million	+9.92%
2013-12-31	฿1.86 Billion ≈ $57.85 Million	+21.23%
2012-12-31	฿1.53 Billion ≈ $47.72 Million	+13.59%
2011-12-31	฿1.35 Billion ≈ $42.01 Million	-1.84%
2010-12-31	฿1.37 Billion ≈ $42.80 Million	+2.72%
2009-12-31	฿1.34 Billion ≈ $41.67 Million	-1.20%
2008-12-31	฿1.35 Billion ≈ $42.17 Million	-0.44%
2007-12-31	฿1.36 Billion ≈ $42.36 Million	+2.36%
2006-12-31	฿1.33 Billion ≈ $41.39 Million	+22.29%
2005-12-31	฿1.09 Billion ≈ $33.84 Million	-9.05%
2004-12-31	฿1.19 Billion ≈ $37.21 Million	+0.64%
2003-12-31	฿1.19 Billion ≈ $36.97 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Hwa Fong Rubber (Thailand) 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 406.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿2.73 Billion	75.24%
Common Stock	฿658.43 Million	18.17%
Other Comprehensive Income	฿73.27 Million	2.02%
Other Components	฿165.71 Million	4.57%
Total Equity	฿3.62 Billion	100.00%

Hwa Fong Rubber (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Hwa Fong Rubber (Thailand) Public Company Limited ranked by their market capitalization.

Company	Market Cap
Téléverbier SA PA:TVRB	$85.40 Million
Panstar Enterprise Co.Ltd KQ:054300	$85.40 Million
MLG OZ Ltd AU:MLG	$85.51 Million
United Bancorp Inc NASDAQ:UBCP	$85.51 Million
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.) NASDAQ:LION	$85.38 Million
Hwa Sung Ind KO:002460	$85.37 Million
Dae Chang KO:012800	$85.34 Million
Topower Co Ltd TWO:3226	$85.26 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hwa Fong Rubber (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,611,529,605 to 3,623,771,108, a change of 12,241,503 (0.3%).
Net income of 373,328,566 contributed positively to equity growth.
Dividend payments of 378,928,354 reduced retained earnings.
Other comprehensive income increased equity by 77,197,212.
Other factors decreased equity by 59,355,921.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿373.33 Million	+10.3%
Dividends Paid	฿378.93 Million	-10.46%
Other Comprehensive Income	฿77.20 Million	+2.13%
Other Changes	฿-59.36 Million	-1.64%
Total Change	฿-	0.34%

Book Value vs Market Value Analysis

This analysis compares Hwa Fong Rubber (Thailand) 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: 0.76x
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 1.35x to 0.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	฿3.09	฿4.16	x
2005-12-31	฿2.80	฿4.16	x
2006-12-31	฿2.48	฿4.16	x
2007-12-31	฿2.06	฿4.16	x
2008-12-31	฿20.55	฿4.16	x
2009-12-31	฿2.03	฿4.16	x
2010-12-31	฿2.04	฿4.16	x
2011-12-31	฿2.18	฿4.16	x
2012-12-31	฿2.45	฿4.16	x
2013-12-31	฿2.82	฿4.16	x
2014-12-31	฿3.10	฿4.16	x
2015-12-31	฿3.55	฿4.16	x
2016-12-31	฿3.89	฿4.16	x
2017-12-31	฿4.15	฿4.16	x
2018-12-31	฿4.26	฿4.16	x
2019-12-31	฿4.48	฿4.16	x
2020-12-31	฿4.94	฿4.16	x
2021-12-31	฿5.37	฿4.16	x
2022-12-31	฿5.49	฿4.16	x
2023-12-31	฿5.49	฿4.16	x
2024-12-31	฿5.50	฿4.16	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hwa Fong Rubber (Thailand) 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): 10.30%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.34%
• Asset Turnover: 0.68x
• Equity Multiplier: 1.22x
Recent ROE (10.30%) is above the historical average (8.59%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	3.88%	2.80%	0.84x	1.65x	฿-73.03 Million
2005	-8.88%	-4.74%	0.95x	1.97x	฿-205.03 Million
2006	-2.21%	-1.44%	0.98x	1.56x	฿-162.13 Million
2007	2.30%	1.49%	1.02x	1.52x	฿-104.61 Million
2008	5.64%	3.38%	1.20x	1.39x	฿-59.02 Million
2009	8.63%	6.53%	0.98x	1.34x	฿-18.27 Million
2010	9.15%	5.90%	1.16x	1.33x	฿-11.14 Million
2011	9.34%	5.67%	1.26x	1.30x	฿-8.94 Million
2012	10.29%	6.63%	1.26x	1.23x	฿4.46 Million
2013	17.27%	13.77%	1.05x	1.20x	฿134.95 Million
2014	14.25%	11.37%	1.03x	1.22x	฿86.74 Million
2015	17.72%	15.98%	0.93x	1.19x	฿180.27 Million
2016	13.20%	13.32%	0.85x	1.17x	฿81.91 Million
2017	9.36%	9.36%	0.86x	1.16x	฿-17.48 Million
2018	7.97%	8.75%	0.76x	1.19x	฿-57.04 Million
2019	9.46%	10.19%	0.75x	1.24x	฿-15.91 Million
2020	12.68%	15.48%	0.69x	1.19x	฿87.33 Million
2021	13.02%	13.45%	0.79x	1.22x	฿107.00 Million
2022	10.01%	10.60%	0.83x	1.13x	฿383.68K
2023	6.92%	9.43%	0.65x	1.14x	฿-111.28 Million
2024	10.30%	12.34%	0.68x	1.22x	฿10.95 Million

Industry Comparison

This section compares Hwa Fong Rubber (Thailand) 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: $1,906,907,495
Average return on equity (ROE) among peers: 8.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hwa Fong Rubber (Thailand) Public Company Limited (HFT)	฿3.73 Billion	3.88%	0.10x	$85.38 Million
AAPICO Hitech Public Company Limited (AH)	$5.47 Billion	11.16%	1.30x	$139.32 Million
CPR Gomu Industrial PCL (CPR)	$758.04 Million	12.32%	0.13x	$16.75 Million
Chai Watana Tannery Group Public Company Limited (CWT)	$421.02 Million	-26.44%	2.48x	$15.32 Million
Fortune Parts Industry Public Company Limited (FPI)	$945.15 Million	20.35%	1.50x	$77.81 Million
Goodyear (Thailand) Public Company Limited (GYT)	$3.91 Billion	9.87%	0.32x	$42.09 Million
Interhides Public Company Limited (IHL)	$708.87 Million	20.94%	2.03x	$26.79 Million
Ingress Industrial (Thailand) Public Company Limited (INGRS)	$2.55 Billion	3.84%	0.76x	$16.24 Million
Inoue Rubber (Thailand) Public Company Limited (IRC)	$1.42 Billion	20.58%	0.84x	$68.30 Million
N.D. Rubber Public Company Limited (NDR)	$982.88 Million	2.15%	0.28x	$17.66 Million

About Hwa Fong Rubber (Thailand) Public Company Limited

BK:HFT Thailand Auto Parts

Market Cap

$85.38 Million

฿2.74 Billion THB

Market Cap Rank

#19776 Global

#287 in Thailand

Share Price

฿4.16

Change (1 day)

+0.48%

52-Week Range

฿3.54 - ฿4.52

All Time High

฿7.91