I.C.C. International Public Company Limited (ICC) - Net Assets

Latest as of December 2025: ฿29.75 Billion THB ≈ $927.32 Million USD

Based on the latest financial reports, I.C.C. International Public Company Limited (ICC) has net assets worth ฿29.75 Billion THB (≈ $927.32 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 (฿34.81 Billion ≈ $1.09 Billion USD) and total liabilities (฿5.06 Billion ≈ $157.82 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 tangible equity quality of I.C.C. International Public Company Limi to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿29.75 Billion
% of Total Assets	85.46%
Annual Growth Rate	5.88%
5-Year Change	6.78%
10-Year Change	71.19%
Growth Volatility	120.03

I.C.C. International Public Company Limited - Net Assets Trend (1999–2025)

This chart illustrates how I.C.C. International Public Company Limited's net assets have evolved over time, based on quarterly financial data. See I.C.C. International Public Company Limi defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for I.C.C. International Public Company Limited (1999–2025)

The table below shows the annual net assets of I.C.C. International Public Company Limited from 1999 to 2025. For live valuation and market cap data, see I.C.C. International Public Company Limi (ICC) total market value.

Year	Net Assets	Change
2025-12-31	฿29.75 Billion ≈ $927.32 Million	+0.08%
2024-12-31	฿29.73 Billion ≈ $926.62 Million	+1.63%
2023-12-31	฿29.25 Billion ≈ $911.75 Million	+2.36%
2022-12-31	฿28.58 Billion ≈ $890.71 Million	+2.57%
2021-12-31	฿27.86 Billion ≈ $868.40 Million	+2.74%
2020-12-31	฿27.12 Billion ≈ $845.21 Million	+32.47%
2019-12-31	฿20.47 Billion ≈ $638.02 Million	+1.11%
2018-12-31	฿20.25 Billion ≈ $631.03 Million	+1.68%
2017-12-31	฿19.91 Billion ≈ $620.60 Million	+14.56%
2016-12-31	฿17.38 Billion ≈ $541.70 Million	+8.72%
2015-12-31	฿15.99 Billion ≈ $498.26 Million	+1.55%
2014-12-31	฿15.74 Billion ≈ $490.67 Million	+2.95%
2013-12-31	฿15.29 Billion ≈ $476.60 Million	-5.06%
2012-12-31	฿16.11 Billion ≈ $502.02 Million	+17.07%
2011-12-31	฿13.76 Billion ≈ $428.82 Million	+6.13%
2010-12-31	฿12.96 Billion ≈ $404.05 Million	+618.91%
2009-12-31	฿1.80 Billion ≈ $56.20 Million	-83.45%
2008-12-31	฿10.89 Billion ≈ $339.53 Million	0.00%
2007-12-31	฿10.89 Billion ≈ $339.53 Million	+3.22%
2006-12-31	฿10.55 Billion ≈ $328.94 Million	+8.01%
2005-12-31	฿9.77 Billion ≈ $304.55 Million	+8.08%
2004-12-31	฿9.04 Billion ≈ $281.79 Million	+6.52%
2003-12-31	฿8.49 Billion ≈ $264.56 Million	+11.52%
2002-12-31	฿7.61 Billion ≈ $237.22 Million	-2.17%
2001-12-31	฿7.78 Billion ≈ $242.48 Million	+8.16%
2000-12-31	฿7.19 Billion ≈ $224.19 Million	+6.86%
1999-12-31	฿6.73 Billion ≈ $209.81 Million	--

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 192.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿14.07 Billion	47.72%
Other Components	฿15.41 Billion	52.28%
Total Equity	฿29.48 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
Aic Mines Ltd AU:A1M	$386.59 Million
Marshall Boya ve Vernik Sanayi AS IS:MRSHL	$386.60 Million
Moso Power Supply Technology Co Ltd SHE:002660	$386.70 Million
Chaince Digital Holdings Inc. NASDAQ:CD	$386.73 Million
Blade Air Mobility Inc NASDAQ:BLDE	$386.42 Million
Citi Trends Inc NASDAQ:CTRN	$386.36 Million
Kolon Plastics KO:138490	$386.28 Million
XMax Inc. NASDAQ:XWIN	$385.96 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 2024 to 2025, total equity changed from 29,436,778,546 to 29,480,842,328, a change of 44,063,782 (0.1%).
Net income of 795,701,173 contributed positively to equity growth.
Dividend payments of 230,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,241,543,475.
Other factors increased equity by 1,719,906,084.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿795.70 Million	+2.7%
Dividends Paid	฿230.00 Million	-0.78%
Other Comprehensive Income	฿-2.24 Billion	-7.6%
Other Changes	฿1.72 Billion	+5.83%
Total Change	฿-	0.15%

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: 0.42x
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 0.42x 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	฿24.80	x
2000-12-31	฿247.44	฿24.80	x
2001-12-31	฿267.72	฿24.80	x
2002-12-31	฿26.22	฿24.80	x
2003-12-31	฿29.48	฿24.80	x
2004-12-31	฿31.40	฿24.80	x
2005-12-31	฿33.85	฿24.80	x
2006-12-31	฿36.32	฿24.80	x
2007-12-31	฿37.48	฿24.80	x
2008-12-31	฿37.48	฿24.80	x
2009-12-31	฿6.20	฿24.80	x
2010-12-31	฿44.60	฿24.80	x
2011-12-31	฿47.34	฿24.80	x
2012-12-31	฿55.42	฿24.80	x
2013-12-31	฿52.61	฿24.80	x
2014-12-31	฿54.14	฿24.80	x
2015-12-31	฿55.06	฿24.80	x
2016-12-31	฿59.85	฿24.80	x
2017-12-31	฿68.51	฿24.80	x
2018-12-31	฿69.64	฿24.80	x
2019-12-31	฿70.45	฿24.80	x
2020-12-31	฿93.34	฿24.80	x
2021-12-31	฿95.89	฿24.80	x
2022-12-31	฿98.06	฿24.80	x
2023-12-31	฿100.40	฿24.80	x
2024-12-31	฿101.28	฿24.80	x
2025-12-31	฿58.96	฿24.80	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): 2.70%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.54%
• Asset Turnover: 0.24x
• Equity Multiplier: 1.18x
Recent ROE (2.70%) is below the historical average (5.99%), 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
2025	2.70%	9.54%	0.24x	1.18x	฿-2.15 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: $566,458,535
Average return on equity (ROE) among peers: -3.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
I.C.C. International Public Company Limited (ICC)	฿29.75 Billion	3.14%	0.17x	$386.50 Million
BGT Corporation Public Company Limited (BGT)	$385.78 Million	-3.00%	1.14x	$3.97 Million
Boutique Newcity Public Company Limited (BTNC)	$487.31 Million	1.70%	0.11x	$5.57 Million
FN Factory Outlet Public Company Limited (FN)	$1.04 Billion	-23.15%	0.19x	$15.27 Million
Newcity (Bangkok) Public Company Limited (NC)	$352.09 Million	10.44%	0.83x	$8.32 Million

About I.C.C. International Public Company Limited

BK:ICC Thailand Apparel Retail

Market Cap

$386.50 Million

฿12.40 Billion THB

Market Cap Rank

#13765 Global

#151 in Thailand

Share Price

฿24.80

Change (1 day)

+3.33%

52-Week Range

฿22.80 - ฿27.75

All Time High

฿66.33