Haad Thip Public Company Limited (HTC) - Net Assets
Based on the latest financial reports, Haad Thip Public Company Limited (HTC) has net assets worth ฿4.24 Billion THB (≈ $132.22 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 (฿7.84 Billion ≈ $244.29 Million USD) and total liabilities (฿3.60 Billion ≈ $112.07 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. Also explore HTC current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.24 Billion |
| % of Total Assets | 54.12% |
| Annual Growth Rate | 7.47% |
| 5-Year Change | 17.38% |
| 10-Year Change | 71.51% |
| Growth Volatility | 12.09 |
Haad Thip Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Haad Thip Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check how tangible is Haad Thip Public Company Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Haad Thip Public Company Limited (2000–2025)
The table below shows the annual net assets of Haad Thip Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Haad Thip Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.24 Billion ≈ $132.22 Million |
+2.90% |
| 2024-12-31 | ฿4.12 Billion ≈ $128.50 Million |
+4.92% |
| 2023-12-31 | ฿3.93 Billion ≈ $122.48 Million |
+4.69% |
| 2022-12-31 | ฿3.75 Billion ≈ $116.99 Million |
+3.86% |
| 2021-12-31 | ฿3.61 Billion ≈ $112.64 Million |
+4.63% |
| 2020-12-31 | ฿3.45 Billion ≈ $107.66 Million |
+18.50% |
| 2019-12-31 | ฿2.91 Billion ≈ $90.85 Million |
+7.46% |
| 2018-12-31 | ฿2.71 Billion ≈ $84.54 Million |
+1.76% |
| 2017-12-31 | ฿2.67 Billion ≈ $83.07 Million |
+7.76% |
| 2016-12-31 | ฿2.47 Billion ≈ $77.09 Million |
+5.24% |
| 2015-12-31 | ฿2.35 Billion ≈ $73.25 Million |
+53.59% |
| 2014-12-31 | ฿1.53 Billion ≈ $47.69 Million |
+2.38% |
| 2013-12-31 | ฿1.49 Billion ≈ $46.58 Million |
+15.36% |
| 2012-12-31 | ฿1.30 Billion ≈ $40.38 Million |
+9.36% |
| 2011-12-31 | ฿1.18 Billion ≈ $36.92 Million |
-4.14% |
| 2010-12-31 | ฿1.24 Billion ≈ $38.52 Million |
+23.22% |
| 2009-12-31 | ฿1.00 Billion ≈ $31.26 Million |
+3.72% |
| 2008-12-31 | ฿966.86 Million ≈ $30.14 Million |
+1.64% |
| 2007-12-31 | ฿951.24 Million ≈ $29.65 Million |
-2.67% |
| 2006-12-31 | ฿977.31 Million ≈ $30.46 Million |
+1.96% |
| 2005-12-31 | ฿958.48 Million ≈ $29.87 Million |
-0.69% |
| 2004-12-31 | ฿965.12 Million ≈ $30.08 Million |
+29.86% |
| 2003-12-31 | ฿743.21 Million ≈ $23.17 Million |
+0.99% |
| 2002-12-31 | ฿735.94 Million ≈ $22.94 Million |
+1.30% |
| 2001-12-31 | ฿726.46 Million ≈ $22.64 Million |
+3.69% |
| 2000-12-31 | ฿700.64 Million ≈ $21.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Haad Thip 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 1685.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.00 Billion | 47.20% |
| Other Components | ฿2.24 Billion | 52.80% |
| Total Equity | ฿4.24 Billion | 100.00% |
Haad Thip Public Company Limited Competitors by Market Cap
The table below lists competitors of Haad Thip Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ingram Micro Bilisim Sistemleri A.S.
IS:INGRM
|
$200.50 Million |
|
Tukas Gida Sanayi ve Ticaret AS
IS:TUKAS
|
$200.57 Million |
|
GENFIT S.A. ADR/1 EO-25
F:XUPB
|
$200.59 Million |
|
Dwi Guna Laksana Tbk PT
JK:DWGL
|
$200.61 Million |
|
Intai Technology
TWO:4163
|
$200.38 Million |
|
Havilah Resources Ltd
AU:HAV
|
$200.34 Million |
|
Vef AB
ST:VEFAB
|
$200.21 Million |
|
Indomobil Sukses Internasional
JK:IMAS
|
$200.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haad Thip Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,122,490,275 to 4,241,868,254, a change of 119,377,979 (2.9%).
- Net income of 568,244,046 contributed positively to equity growth.
- Dividend payments of 409,957,214 reduced retained earnings.
- Other comprehensive income decreased equity by 60,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿568.24 Million | +13.4% |
| Dividends Paid | ฿409.96 Million | -9.66% |
| Other Comprehensive Income | ฿-60.00 Million | -1.41% |
| Other Changes | ฿21.09 Million | +0.5% |
| Total Change | ฿- | 2.90% |
Book Value vs Market Value Analysis
This analysis compares Haad Thip 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: 1.52x
- 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 2.89x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿5.53 | ฿16.00 | x |
| 2006-12-31 | ฿5.31 | ฿16.00 | x |
| 2007-12-31 | ฿5.16 | ฿16.00 | x |
| 2008-12-31 | ฿5.25 | ฿16.00 | x |
| 2009-12-31 | ฿5.44 | ฿16.00 | x |
| 2010-12-31 | ฿6.71 | ฿16.00 | x |
| 2011-12-31 | ฿6.43 | ฿16.00 | x |
| 2012-12-31 | ฿7.03 | ฿16.00 | x |
| 2013-12-31 | ฿7.63 | ฿16.00 | x |
| 2014-12-31 | ฿7.68 | ฿16.00 | x |
| 2015-12-31 | ฿11.80 | ฿16.00 | x |
| 2016-12-31 | ฿12.41 | ฿16.00 | x |
| 2017-12-31 | ฿13.38 | ฿16.00 | x |
| 2018-12-31 | ฿13.61 | ฿16.00 | x |
| 2019-12-31 | ฿7.31 | ฿16.00 | x |
| 2020-12-31 | ฿8.59 | ฿16.00 | x |
| 2021-12-31 | ฿8.98 | ฿16.00 | x |
| 2022-12-31 | ฿9.34 | ฿16.00 | x |
| 2023-12-31 | ฿9.78 | ฿16.00 | x |
| 2024-12-31 | ฿10.24 | ฿16.00 | x |
| 2025-12-31 | ฿10.55 | ฿16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haad Thip 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): 13.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.88%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.85x
- Recent ROE (13.40%) is above the historical average (8.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.28% | 5.56% | 1.36x | 1.50x | ฿8.99 Million |
| 2001 | 10.41% | 5.18% | 1.23x | 1.63x | ฿2.98 Million |
| 2002 | 9.73% | 4.70% | 1.29x | 1.61x | ฿-1.97 Million |
| 2003 | 7.31% | 3.53% | 1.18x | 1.76x | ฿-19.97 Million |
| 2004 | 5.56% | 2.91% | 1.17x | 1.63x | ฿-42.89 Million |
| 2005 | 1.30% | 0.61% | 1.34x | 1.60x | ฿-83.36 Million |
| 2006 | 5.21% | 2.16% | 1.48x | 1.63x | ฿-46.77 Million |
| 2007 | 0.35% | 0.13% | 1.68x | 1.60x | ฿-91.81 Million |
| 2008 | 2.25% | 0.78% | 1.70x | 1.69x | ฿-74.91 Million |
| 2009 | 4.48% | 1.49% | 1.70x | 1.76x | ฿-55.40 Million |
| 2010 | 6.09% | 2.15% | 1.77x | 1.60x | ฿-48.32 Million |
| 2011 | 3.36% | 1.09% | 1.74x | 1.78x | ฿-78.70 Million |
| 2012 | 9.13% | 2.72% | 1.65x | 2.03x | ฿-11.30 Million |
| 2013 | 12.23% | 3.88% | 1.45x | 2.17x | ฿33.31 Million |
| 2014 | 7.53% | 2.21% | 1.54x | 2.21x | ฿-37.77 Million |
| 2015 | 4.29% | 1.87% | 1.21x | 1.90x | ฿-134.12 Million |
| 2016 | 9.75% | 4.23% | 1.21x | 1.90x | ฿-6.24 Million |
| 2017 | 10.63% | 5.00% | 1.23x | 1.73x | ฿16.78 Million |
| 2018 | 9.18% | 4.37% | 1.20x | 1.75x | ฿-22.16 Million |
| 2019 | 15.12% | 6.50% | 1.38x | 1.68x | ฿149.23 Million |
| 2020 | 16.41% | 8.81% | 1.21x | 1.54x | ฿221.28 Million |
| 2021 | 14.84% | 8.21% | 1.20x | 1.50x | ฿174.52 Million |
| 2022 | 11.59% | 6.17% | 1.19x | 1.58x | ฿59.84 Million |
| 2023 | 15.24% | 7.67% | 1.20x | 1.65x | ฿205.68 Million |
| 2024 | 14.60% | 7.40% | 1.11x | 1.77x | ฿189.43 Million |
| 2025 | 13.40% | 6.88% | 1.05x | 1.85x | ฿144.06 Million |
Industry Comparison
This section compares Haad Thip Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $3,839,522,489
- Average return on equity (ROE) among peers: 15.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haad Thip Public Company Limited (HTC) | ฿4.24 Billion | 11.28% | 0.85x | $200.44 Million |
| Carabao Group Public Company Limited (CBG) | $661.00 Million | 21.32% | 5.32x | $1.60 Billion |
| Carabao Group Public Company Limited (CBG-R) | $10.11 Billion | 28.49% | 0.90x | $1.85 Billion |
| Ichitan Group Public Company Limited (ICHI) | $6.19 Billion | 8.83% | 0.15x | $599.69 Million |
| Ichitan Group Public Company Limited (ICHI-R) | $5.75 Billion | 6.41% | 0.50x | $498.39 Million |
| Sappe Public Company Limited (SAPPE) | $1.56 Billion | 23.17% | 0.34x | $330.47 Million |
| T.A.C. Consumer Public Company Limited (TACC) | $615.04 Million | 11.05% | 0.31x | $120.62 Million |
| Tipco Foods Public Company Limited (TIPCO) | $1.99 Billion | 10.36% | 1.35x | $94.76 Million |
About Haad Thip Public Company Limited
Haad Thip Public Company Limited, together with its subsidiaries, manufactures and distributes soft drinks in Thailand. The company operates through Carbonated Soft Drink and Real Estate segments. It provides sparkling beverages under the Coca-Cola, Fanta, and Sprite trademarks; and non-carbonated/still beverages under the Minute Maid and Namthip Drinking Water trademarks. The company also manufa… Read more