Information and Communication Networks Public Company Limited
Information and Communication Networks Public Company Limited operates as a telecommunication system integrator company in Thailand. The company provides construction services for telecommunication networks; various services for the expansion of the telecommunication system and network; services for the network improvement of telecommunication systems; and design and installation of construction … Read more
Information and Communication Networks Public Company Limited (ICN) - Net Assets
Latest net assets as of September 2025: ฿927.35 Million THB
Based on the latest financial reports, Information and Communication Networks Public Company Limited (ICN) has net assets worth ฿927.35 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.96 Billion) and total liabilities (฿1.04 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 | ฿927.35 Million |
| % of Total Assets | 47.2% |
| Annual Growth Rate | 21.31% |
| 5-Year Change | 53.39% |
| 10-Year Change | 563.1% |
| Growth Volatility | 57.59 |
Information and Communication Networks Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Information and Communication Networks 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 Information and Communication Networks Public Company Limited (2014–2024)
The table below shows the annual net assets of Information and Communication Networks Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿915.01 Million | +2.02% |
| 2023-12-31 | ฿896.92 Million | +8.93% |
| 2022-12-31 | ฿823.37 Million | +22.40% |
| 2021-12-31 | ฿672.69 Million | +12.77% |
| 2020-12-31 | ฿596.51 Million | +4.08% |
| 2019-12-31 | ฿573.11 Million | +10.42% |
| 2018-12-31 | ฿519.05 Million | +4.58% |
| 2017-12-31 | ฿496.34 Million | +200.63% |
| 2016-12-31 | ฿165.10 Million | +19.65% |
| 2015-12-31 | ฿137.99 Million | +4.13% |
| 2014-12-31 | ฿132.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Information and Communication Networks 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 1687.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿265.56 Million | 29.85% |
| Other Components | ฿624.13 Million | 70.15% |
| Total Equity | ฿889.69 Million | 100.00% |
Information and Communication Networks Public Company Limited Competitors by Market Cap
The table below lists competitors of Information and Communication Networks Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smartiks Yazilim AS
IS:SMART
|
$20.31 Million |
|
Midland Exploration Inc
PINK:MIDLF
|
$20.31 Million |
|
VivoPower International PLC
NASDAQ:VVPR
|
$20.31 Million |
|
Waton Financial Limited Ordinary Shares
NASDAQ:WTF
|
$20.31 Million |
|
Visi Media Asia Tbk
JK:VIVA
|
$20.28 Million |
|
Hizeaero Co. Ltd
KQ:221840
|
$20.27 Million |
|
POOLBEG PHARMA LS -0002
F:7JN
|
$20.27 Million |
|
Mirae Asset SPAC 4
KQ:222420
|
$20.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Information and Communication Networks Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 872,629,407 to 889,690,950, a change of 17,061,543 (2.0%).
- Net income of 148,296,126 contributed positively to equity growth.
- Dividend payments of 120,973,536 reduced retained earnings.
- Other comprehensive income decreased equity by 33,750,000.
- Other factors increased equity by 23,488,953.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿148.30 Million | +16.67% |
| Dividends Paid | ฿120.97 Million | -13.6% |
| Other Comprehensive Income | ฿-33.75 Million | -3.79% |
| Other Changes | ฿23.49 Million | +2.64% |
| Total Change | ฿- | 1.96% |
Book Value vs Market Value Analysis
This analysis compares Information and Communication Networks 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: 1.31x
- 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 5.91x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.29 | ฿1.74 | x |
| 2015-12-31 | ฿0.31 | ฿1.74 | x |
| 2016-12-31 | ฿0.37 | ฿1.74 | x |
| 2017-12-31 | ฿1.48 | ฿1.74 | x |
| 2018-12-31 | ฿1.15 | ฿1.74 | x |
| 2019-12-31 | ฿1.23 | ฿1.74 | x |
| 2020-12-31 | ฿1.27 | ฿1.74 | x |
| 2021-12-31 | ฿1.39 | ฿1.74 | x |
| 2022-12-31 | ฿1.34 | ฿1.74 | x |
| 2023-12-31 | ฿1.38 | ฿1.74 | x |
| 2024-12-31 | ฿1.32 | ฿1.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Information and Communication Networks 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): 16.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.42%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.02x
- Recent ROE (16.67%) is above the historical average (14.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.25% | 0.14% | 0.94x | 1.96x | ฿-12.92 Million |
| 2015 | 3.96% | 0.81% | 1.55x | 3.18x | ฿-8.33 Million |
| 2016 | 16.42% | 4.76% | 1.19x | 2.91x | ฿10.60 Million |
| 2017 | 13.33% | 6.92% | 0.99x | 1.96x | ฿16.54 Million |
| 2018 | 16.33% | 8.35% | 1.19x | 1.65x | ฿32.88 Million |
| 2019 | 16.97% | 7.81% | 0.99x | 2.19x | ฿38.47 Million |
| 2020 | 19.46% | 7.60% | 1.00x | 2.57x | ฿54.29 Million |
| 2021 | 24.22% | 8.91% | 1.69x | 1.61x | ฿92.18 Million |
| 2022 | 16.57% | 9.19% | 1.06x | 1.71x | ฿52.58 Million |
| 2023 | 20.06% | 9.42% | 0.88x | 2.43x | ฿87.78 Million |
| 2024 | 16.67% | 10.42% | 0.79x | 2.02x | ฿59.33 Million |
Industry Comparison
This section compares Information and Communication Networks Public Company Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $6,760,269,600
- Average return on equity (ROE) among peers: 21.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Information and Communication Networks Public Company Limited (ICN) | ฿927.35 Million | 0.25% | 1.12x | $20.30 Million |
| Bliss-Tel PLC (BLISS) | $1.64 Billion | 4.46% | 0.10x | $8.77 |
| Forth Smart Service Public Company Limited (FSMART) | $1.34 Billion | 43.74% | 1.64x | $53.11 Million |
| Intouch Holdings Public Company Limited (INTUCH) | $37.94 Billion | 30.29% | 0.32x | $1.96 Billion |
| Jasmine Telecom Systems Public Company Limited (JTS) | $1.83 Billion | 17.12% | 1.23x | $338.29 Million |
| PROEN Corp Public Company Limited (PROEN) | $110.06 Million | 15.08% | 4.59x | $7.41 Million |
| Samart Telcoms Public Company Limited (SAMTEL) | $3.18 Billion | 26.96% | 2.93x | $11.63 Million |
| Symphony Communication Public Company Limited (SYMC) | $1.29 Billion | 14.07% | 1.40x | $14.45 Million |