I.C.C. International Public Company Limited
I.C.C. International Public Company Limited engages in the distribution of fashion consumer products in Thailand. The company operates through four segments: Cosmetics Toiletries & Perfumeries; Women's Apparel; Men's Apparel; and Household Products. It offers fashion and apparels, cosmetics, bags and leatherwear, shoes, sports products, heath and supplement products, household goods, and food and… Read more
I.C.C. International Public Company Limited (ICC) - Net Assets
Latest net assets as of September 2025: ฿29.91 Billion THB
Based on the latest financial reports, I.C.C. International Public Company Limited (ICC) has net assets worth ฿29.91 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿34.96 Billion) and total liabilities (฿5.04 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 | ฿29.91 Billion |
| % of Total Assets | 85.57% |
| Annual Growth Rate | 6.12% |
| 5-Year Change | 9.63% |
| 10-Year Change | 85.97% |
| Growth Volatility | 122.29 |
I.C.C. International Public Company Limited - Net Assets Trend (1999–2024)
This chart illustrates how I.C.C. International Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for I.C.C. International Public Company Limited (1999–2024)
The table below shows the annual net assets of I.C.C. International Public Company Limited from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿29.73 Billion | +1.63% |
| 2023-12-31 | ฿29.25 Billion | +2.36% |
| 2022-12-31 | ฿28.58 Billion | +2.57% |
| 2021-12-31 | ฿27.86 Billion | +2.74% |
| 2020-12-31 | ฿27.12 Billion | +32.47% |
| 2019-12-31 | ฿20.47 Billion | +1.11% |
| 2018-12-31 | ฿20.25 Billion | +1.68% |
| 2017-12-31 | ฿19.91 Billion | +14.56% |
| 2016-12-31 | ฿17.38 Billion | +8.72% |
| 2015-12-31 | ฿15.99 Billion | +1.55% |
| 2014-12-31 | ฿15.74 Billion | +2.95% |
| 2013-12-31 | ฿15.29 Billion | -5.06% |
| 2012-12-31 | ฿16.11 Billion | +17.07% |
| 2011-12-31 | ฿13.76 Billion | +6.13% |
| 2010-12-31 | ฿12.96 Billion | +618.91% |
| 2009-12-31 | ฿1.80 Billion | -83.45% |
| 2008-12-31 | ฿10.89 Billion | 0.00% |
| 2007-12-31 | ฿10.89 Billion | +3.22% |
| 2006-12-31 | ฿10.55 Billion | +8.01% |
| 2005-12-31 | ฿9.77 Billion | +8.08% |
| 2004-12-31 | ฿9.04 Billion | +6.52% |
| 2003-12-31 | ฿8.49 Billion | +11.52% |
| 2002-12-31 | ฿7.61 Billion | -2.17% |
| 2001-12-31 | ฿7.78 Billion | +8.16% |
| 2000-12-31 | ฿7.19 Billion | +6.86% |
| 1999-12-31 | ฿6.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to I.C.C. International 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 177.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿13.35 Billion | 45.36% |
| Common Stock | ฿365.00 Million | 1.24% |
| Other Comprehensive Income | ฿2.24 Billion | 7.61% |
| Other Components | ฿13.48 Billion | 45.78% |
| Total Equity | ฿29.44 Billion | 100.00% |
I.C.C. International Public Company Limited Competitors by Market Cap
The table below lists competitors of I.C.C. International Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D-Link (India) Limited
NSE:DLINKINDIA
|
$60.68 Million |
|
KCTC Co. Ltd
KO:009070
|
$60.69 Million |
|
Surf Air Mobility Inc.
NYSE:SRFM
|
$60.70 Million |
|
Ubright Optronics
TWO:4933
|
$60.70 Million |
|
Genel Energy plc
PINK:GEGYF
|
$60.66 Million |
|
S&D Co. Ltd.
KQ:260970
|
$60.65 Million |
|
Sebo Manufacturing Engineering & Construction Corp
KQ:011560
|
$60.65 Million |
|
Faraday Future Intelligent Electric Inc
NASDAQ:FFIE
|
$60.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in I.C.C. International Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,180,355,869 to 29,436,778,546, a change of 256,422,677 (0.9%).
- Net income of 982,952,076 contributed positively to equity growth.
- Dividend payments of 332,520,952 reduced retained earnings.
- Other comprehensive income decreased equity by 12,287,601,032.
- Other factors increased equity by 11,893,592,585.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿982.95 Million | +3.34% |
| Dividends Paid | ฿332.52 Million | -1.13% |
| Other Comprehensive Income | ฿-12.29 Billion | -41.74% |
| Other Changes | ฿11.89 Billion | +40.4% |
| Total Change | ฿- | 0.88% |
Book Value vs Market Value Analysis
This analysis compares I.C.C. International 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: 0.25x
- 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 increased from 0.11x to 0.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | ฿231.61 | ฿24.90 | x |
| 2000-12-31 | ฿247.44 | ฿24.90 | x |
| 2001-12-31 | ฿267.72 | ฿24.90 | x |
| 2002-12-31 | ฿26.22 | ฿24.90 | x |
| 2003-12-31 | ฿29.48 | ฿24.90 | x |
| 2004-12-31 | ฿31.40 | ฿24.90 | x |
| 2005-12-31 | ฿33.85 | ฿24.90 | x |
| 2006-12-31 | ฿36.32 | ฿24.90 | x |
| 2007-12-31 | ฿37.48 | ฿24.90 | x |
| 2008-12-31 | ฿37.48 | ฿24.90 | x |
| 2009-12-31 | ฿6.20 | ฿24.90 | x |
| 2010-12-31 | ฿44.60 | ฿24.90 | x |
| 2011-12-31 | ฿47.34 | ฿24.90 | x |
| 2012-12-31 | ฿55.42 | ฿24.90 | x |
| 2013-12-31 | ฿52.61 | ฿24.90 | x |
| 2014-12-31 | ฿54.14 | ฿24.90 | x |
| 2015-12-31 | ฿55.06 | ฿24.90 | x |
| 2016-12-31 | ฿59.85 | ฿24.90 | x |
| 2017-12-31 | ฿68.51 | ฿24.90 | x |
| 2018-12-31 | ฿69.64 | ฿24.90 | x |
| 2019-12-31 | ฿70.45 | ฿24.90 | x |
| 2020-12-31 | ฿93.34 | ฿24.90 | x |
| 2021-12-31 | ฿95.89 | ฿24.90 | x |
| 2022-12-31 | ฿98.06 | ฿24.90 | x |
| 2023-12-31 | ฿100.40 | ฿24.90 | x |
| 2024-12-31 | ฿101.28 | ฿24.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently I.C.C. International 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): 3.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.25%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.21x
- Recent ROE (3.34%) is below the historical average (6.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 3.14% | 2.80% | 0.87x | 1.29x | ฿-461.54 Million |
| 2000 | 6.54% | 5.62% | 0.91x | 1.27x | ฿-248.66 Million |
| 2001 | 8.12% | 7.08% | 0.91x | 1.27x | ฿-145.93 Million |
| 2002 | 8.20% | 6.80% | 0.98x | 1.23x | ฿-136.75 Million |
| 2003 | 4.82% | 4.47% | 0.89x | 1.21x | ฿-439.41 Million |
| 2004 | 7.47% | 6.59% | 0.92x | 1.23x | ฿-228.70 Million |
| 2005 | 7.02% | 5.72% | 0.97x | 1.26x | ฿-290.81 Million |
| 2006 | 6.95% | 5.50% | 1.01x | 1.25x | ฿-321.94 Million |
| 2007 | 6.71% | 6.25% | 0.91x | 1.18x | ฿-358.93 Million |
| 2008 | 7.15% | 7.11% | 0.85x | 1.18x | ฿-310.70 Million |
| 2009 | 36.17% | 6.13% | 0.77x | 7.72x | ฿471.98 Million |
| 2010 | 6.25% | 7.17% | 0.74x | 1.18x | ฿-486.19 Million |
| 2011 | 5.41% | 5.80% | 0.77x | 1.21x | ฿-631.50 Million |
| 2012 | 6.04% | 7.11% | 0.71x | 1.20x | ฿-638.60 Million |
| 2013 | 4.48% | 5.14% | 0.75x | 1.17x | ฿-844.52 Million |
| 2014 | 3.46% | 4.53% | 0.65x | 1.17x | ฿-1.03 Billion |
| 2015 | 4.39% | 5.70% | 0.66x | 1.16x | ฿-896.99 Million |
| 2016 | 5.38% | 7.42% | 0.62x | 1.16x | ฿-803.29 Million |
| 2017 | 4.25% | 6.80% | 0.53x | 1.17x | ฿-1.14 Billion |
| 2018 | 4.60% | 7.54% | 0.52x | 1.16x | ฿-1.09 Billion |
| 2019 | 3.54% | 6.41% | 0.48x | 1.15x | ฿-1.32 Billion |
| 2020 | -0.22% | -0.76% | 0.24x | 1.19x | ฿-2.77 Billion |
| 2021 | 0.44% | 1.79% | 0.20x | 1.20x | ฿-2.67 Billion |
| 2022 | 2.17% | 7.30% | 0.25x | 1.20x | ฿-2.23 Billion |
| 2023 | 3.06% | 10.11% | 0.25x | 1.19x | ฿-2.02 Billion |
| 2024 | 3.34% | 11.25% | 0.25x | 1.21x | ฿-1.96 Billion |
Industry Comparison
This section compares I.C.C. International Public Company Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $361,359,788
- Average return on equity (ROE) among peers: 4.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I.C.C. International Public Company Limited (ICC) | ฿29.91 Billion | 3.14% | 0.17x | $60.66 Million |
| BGT Corporation Public Company Limited (BGT) | $430.36 Million | -0.67% | 0.61x | $1.61 Million |
| Boutique Newcity Public Company Limited (BTNC) | $462.32 Million | 0.00% | 0.39x | $956.92K |
| FN Factory Outlet Public Company Limited (FN) | $407.19 Million | 12.24% | 1.40x | $2.66 Million |
| Newcity (Bangkok) Public Company Limited (NC) | $145.57 Million | 5.05% | 2.62x | $2.12 Million |