Ichitan Group Public Company Limited Net Assets
Ichitan Group Public Company Limited net assets. Based on the latest financial reports, Ichitan Group Public Company Limited (ICHI) has net assets worth ฿5.52 Billion THB (≈ $172.05 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.88 Billion ≈ $214.34 Million USD) and total liabilities (฿1.36 Billion ≈ $42.29 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 ICHI year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿5.52 Billion |
| % of Total Assets | 80.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | -8.69% |
| 10-Year Change | -1.71% |
| Growth Volatility | 59.96 |
Net Assets of Ichitan Group Public Company Limited (2011–2025)
Net assets of Ichitan Group Public Company Limited from 2011 to 2025. This chart illustrates how Ichitan Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. See ICHI equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Ichitan Group Public Company Limited (2011–2025)
The table below shows the annual net assets of Ichitan Group Public Company Limited from 2011 to 2025. For live market cap and overall valuation, see Ichitan Group Public Company Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿5.65 Billion ≈ $176.19 Million |
-1.02% |
| 2024-12-31 | ฿5.71 Billion ≈ $178.01 Million |
-2.23% |
| 2023-12-31 | ฿5.84 Billion ≈ $182.07 Million |
-5.32% |
| 2022-12-31 | ฿6.17 Billion ≈ $192.31 Million |
-0.34% |
| 2021-12-31 | ฿6.19 Billion ≈ $192.97 Million |
-1.40% |
| 2020-12-31 | ฿6.28 Billion ≈ $195.70 Million |
+0.94% |
| 2019-12-31 | ฿6.22 Billion ≈ $193.88 Million |
+5.69% |
| 2018-12-31 | ฿5.89 Billion ≈ $183.45 Million |
-2.82% |
| 2017-12-31 | ฿6.06 Billion ≈ $188.77 Million |
+5.30% |
| 2016-12-31 | ฿5.75 Billion ≈ $179.26 Million |
-4.66% |
| 2015-12-31 | ฿6.03 Billion ≈ $188.03 Million |
-2.62% |
| 2014-12-31 | ฿6.19 Billion ≈ $193.09 Million |
+214.73% |
| 2013-12-31 | ฿1.97 Billion ≈ $61.35 Million |
+83.29% |
| 2012-12-31 | ฿1.07 Billion ≈ $33.47 Million |
+1699.55% |
| 2011-12-31 | ฿-67.14 Million ≈ $-2.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ichitan Group 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 139480148900.0% over the analyzed period, indicating profitable operations and earnings retention.
Ichitan Group Public Company Limited Net Assets Breakdown (December 2025)
Ichitan Group Public Company Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿727.66 Million | 12.87% |
| Common Stock | ฿1.30 Billion | 23.00% |
| Other Comprehensive Income | ฿109.65 Million | 1.94% |
| Other Components | ฿3.52 Billion | 62.19% |
| Total Equity | ฿5.65 Billion | 100.00% |
Ichitan Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Ichitan Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Musti Group Oyj
HE:MUSTI
|
$583.56 Million |
|
Huamei Holding
SHE:000607
|
$583.77 Million |
|
SILEX Systems Ltd
AU:SLX
|
$584.16 Million |
|
Zambal Spain Socimi SA
MC:YZBL
|
$584.16 Million |
|
Adcock Ingram Holdings Limited
JSE:AIP
|
$583.42 Million |
|
Lotte Fine Chemical Co Ltd
KO:004000
|
$583.41 Million |
|
Sansec Technology Co. Ltd. A
SHG:688489
|
$583.39 Million |
|
SIS LIMITED
NSE:SIS
|
$583.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ichitan Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,711,152,060 to 5,652,736,967, a change of -58,415,093 (-1.0%).
- Net income of 1,327,628,940 contributed positively to equity growth.
- Dividend payments of 1,365,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 20,350,213.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.33 Billion | +23.49% |
| Dividends Paid | ฿1.36 Billion | -24.15% |
| Other Comprehensive Income | ฿-20.35 Million | -0.36% |
| Other Changes | ฿-693.82K | -0.01% |
| Total Change | ฿- | -1.02% |
Book Value vs Market Value Analysis
This analysis compares Ichitan Group 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: 3.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.43x to 3.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿0.83 | ฿14.40 | x |
| 2013-12-31 | ฿1.51 | ฿14.40 | x |
| 2014-12-31 | ฿5.11 | ฿14.40 | x |
| 2015-12-31 | ฿4.64 | ฿14.40 | x |
| 2016-12-31 | ฿4.42 | ฿14.40 | x |
| 2017-12-31 | ฿4.66 | ฿14.40 | x |
| 2018-12-31 | ฿4.53 | ฿14.40 | x |
| 2019-12-31 | ฿4.78 | ฿14.40 | x |
| 2020-12-31 | ฿4.83 | ฿14.40 | x |
| 2021-12-31 | ฿4.76 | ฿14.40 | x |
| 2022-12-31 | ฿4.75 | ฿14.40 | x |
| 2023-12-31 | ฿4.49 | ฿14.40 | x |
| 2024-12-31 | ฿4.39 | ฿14.40 | x |
| 2025-12-31 | ฿4.35 | ฿14.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ichitan Group 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): 23.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.42%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.20x
- Recent ROE (23.49%) is above the historical average (18.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 64.97% | 17.86% | 0.73x | 5.00x | ฿590.33 Million |
| 2013 | 44.89% | 13.63% | 0.99x | 3.32x | ฿686.82 Million |
| 2014 | 17.41% | 17.46% | 0.69x | 1.45x | ฿459.27 Million |
| 2015 | 13.47% | 12.82% | 0.72x | 1.47x | ฿209.50 Million |
| 2016 | 6.41% | 6.90% | 0.62x | 1.50x | ฿-206.64 Million |
| 2017 | 5.20% | 5.54% | 0.66x | 1.42x | ฿-290.52 Million |
| 2018 | 0.74% | 0.84% | 0.64x | 1.39x | ฿-544.71 Million |
| 2019 | 6.55% | 7.64% | 0.69x | 1.24x | ฿-214.58 Million |
| 2020 | 8.21% | 10.11% | 0.69x | 1.18x | ฿-112.33 Million |
| 2021 | 8.83% | 10.46% | 0.74x | 1.15x | ฿-72.33 Million |
| 2022 | 10.40% | 10.12% | 0.86x | 1.20x | ฿24.64 Million |
| 2023 | 18.84% | 13.67% | 1.12x | 1.23x | ฿516.27 Million |
| 2024 | 22.87% | 15.20% | 1.21x | 1.24x | ฿735.15 Million |
| 2025 | 23.49% | 16.42% | 1.19x | 1.20x | ฿762.36 Million |
Industry Comparison
This section compares Ichitan Group 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: $4,324,498,190
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ichitan Group Public Company Limited (ICHI) | ฿5.52 Billion | 64.97% | 0.25x | $583.49 Million |
| Carabao Group Public Company Limited (CBG) | $10.11 Billion | 28.49% | 0.90x | $1.71 Billion |
| Carabao Group Public Company Limited (CBG-R) | $10.11 Billion | 28.49% | 0.90x | $1.85 Billion |
| Haad Thip Public Company Limited (HTC) | $726.46 Million | 10.41% | 0.63x | $191.67 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 | $285.30 Million |
| T.A.C. Consumer Public Company Limited (TACC) | $24.59 Million | -26.98% | 11.39x | $119.69 Million |
| Tipco Foods Public Company Limited (TIPCO) | $1.99 Billion | 10.36% | 1.35x | $100.78 Million |
About Ichitan Group Public Company Limited
Ichitan Group Public Company Limited, engages in the manufacture and sale of beverages in Thailand and internationally. The company offers ready-to-drink green tea under the ICHITAN green tea brand; herbal tea drink under the Yen Yen brand; and Shizuoka Green Tea No Sugar, Shizuoka Green Tea Jasmine No Sugar, and Shizuoka Green Tea Jasmine Mildly Sweet. It also provides Ichitan PH Plus Alkaline W… Read more