Ichitan Group Public Company Limited (ICHI-R) - Net Assets

Latest as of June 2025: ฿5.71 Billion THB ≈ $177.94 Million USD

Based on the latest financial reports, Ichitan Group Public Company Limited (ICHI-R) has net assets worth ฿5.71 Billion THB (≈ $177.94 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.11 Billion ≈ $221.56 Million USD) and total liabilities (฿1.40 Billion ≈ $43.62 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 Ichitan Group Public Company Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿5.71 Billion
% of Total Assets	80.31%
Annual Growth Rate	N/A
5-Year Change	-9.04%
10-Year Change	-5.33%
Growth Volatility	62.01

Ichitan Group Public Company Limited - Net Assets Trend (2011–2024)

This chart illustrates how Ichitan Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore ICHI-R total assets for the complete picture of this company's asset base.

Annual Net Assets for Ichitan Group Public Company Limited (2011–2024)

The table below shows the annual net assets of Ichitan Group Public Company Limited from 2011 to 2024. For live valuation and market cap data, see ICHI-R market cap overview.

Year	Net Assets	Change
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	--

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 144123776100.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿774.10 Million	13.55%
Other Components	฿4.94 Billion	86.45%
Total Equity	฿5.71 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
Zhongfu Information Inc SHE:300659	$498.39 Million
CNFC Overseas Fishery Co Ltd SHE:000798	$498.43 Million
SunOpta Inc. NASDAQ:STKL	$498.43 Million
Xinxiang Tuoxin Pharmaceutical Co.Ltd. SHE:301089	$498.49 Million
Kaiser China Holding Co Ltd SHE:002425	$498.37 Million
Yantai Ishikawa Sealing Technology Co.Ltd. SHE:301020	$498.30 Million
Madhya Bharat Agro Products Limited NSE:MBAPL	$498.28 Million
Duratec Ltd AU:DUR	$498.08 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 2023 to 2024, total equity changed from 5,841,510,467 to 5,711,152,060, a change of -130,358,407 (-2.2%).
Net income of 1,306,264,949 contributed positively to equity growth.
Dividend payments of 1,430,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 128,251,964.
Other factors increased equity by 121,628,608.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿1.31 Billion	+22.87%
Dividends Paid	฿1.43 Billion	-25.04%
Other Comprehensive Income	฿-128.25 Million	-2.25%
Other Changes	฿121.63 Million	+2.13%
Total Change	฿-	-2.23%

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: 2.80x
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 14.89x to 2.80x 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	฿12.30	x
2013-12-31	฿1.51	฿12.30	x
2014-12-31	฿5.11	฿12.30	x
2015-12-31	฿4.64	฿12.30	x
2016-12-31	฿4.42	฿12.30	x
2017-12-31	฿4.66	฿12.30	x
2018-12-31	฿4.53	฿12.30	x
2019-12-31	฿4.78	฿12.30	x
2020-12-31	฿4.83	฿12.30	x
2021-12-31	฿4.76	฿12.30	x
2022-12-31	฿4.75	฿12.30	x
2023-12-31	฿4.49	฿12.30	x
2024-12-31	฿4.39	฿12.30	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): 22.87%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.20%
• Asset Turnover: 1.21x
• Equity Multiplier: 1.24x
Recent ROE (22.87%) is above the historical average (17.60%), 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

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: $5,152,301,811
Average return on equity (ROE) among peers: 16.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ichitan Group Public Company Limited (ICHI-R)	฿5.71 Billion	64.97%	0.25x	$498.39 Million
Carabao Group Public Company Limited (CBG)	$13.09 Billion	21.72%	0.40x	$1.13 Billion
Carabao Group Public Company Limited (CBG-R)	$7.10 Billion	20.98%	0.38x	$1.85 Billion
Haad Thip Public Company Limited (HTC)	$4.12 Billion	14.59%	0.77x	$189.17 Million
Ichitan Group Public Company Limited (ICHI)	$6.19 Billion	8.83%	0.15x	$506.50 Million
Sappe Public Company Limited (SAPPE)	$2.87 Billion	13.23%	0.27x	$280.54 Million
T.A.C. Consumer Public Company Limited (TACC)	$698.47 Million	23.21%	0.47x	$100.05 Million
Tipco Foods Public Company Limited (TIPCO)	$1.99 Billion	10.36%	1.35x	$96.27 Million

About Ichitan Group Public Company Limited

BK:ICHI-R Thailand Beverages - Non-Alcoholic

Market Cap

$498.39 Million

฿15.99 Billion THB

Market Cap Rank

#12559 Global

#126 in Thailand

Share Price

฿12.30

Change (1 day)

+0.82%

52-Week Range

฿9.75 - ฿12.70

All Time High

฿15.90