IFS Capital (Thailand) Public Company Limited (IFS) - Net Assets
Based on the latest financial reports, IFS Capital (Thailand) Public Company Limited (IFS) has net assets worth ฿1.85 Billion THB (≈ $57.63 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 (฿4.20 Billion ≈ $130.78 Million USD) and total liabilities (฿2.35 Billion ≈ $73.16 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 IFS Capital (Thailand) Public Company Li (IFS) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.85 Billion |
| % of Total Assets | 44.06% |
| Annual Growth Rate | 7.73% |
| 5-Year Change | 14.72% |
| 10-Year Change | 58.67% |
| Growth Volatility | 8.27 |
IFS Capital (Thailand) Public Company Limited - Net Assets Trend (2007–2025)
This chart illustrates how IFS Capital (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check IFS Capital (Thailand) Public Company Li (IFS) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for IFS Capital (Thailand) Public Company Limited (2007–2025)
The table below shows the annual net assets of IFS Capital (Thailand) Public Company Limited from 2007 to 2025. For live valuation and market cap data, see IFS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.85 Billion ≈ $57.63 Million |
+1.26% |
| 2024-12-31 | ฿1.83 Billion ≈ $56.91 Million |
+3.05% |
| 2023-12-31 | ฿1.77 Billion ≈ $55.22 Million |
+4.54% |
| 2022-12-31 | ฿1.69 Billion ≈ $52.82 Million |
+5.16% |
| 2021-12-31 | ฿1.61 Billion ≈ $50.23 Million |
+5.48% |
| 2020-12-31 | ฿1.53 Billion ≈ $47.62 Million |
+1.06% |
| 2019-12-31 | ฿1.51 Billion ≈ $47.12 Million |
+10.83% |
| 2018-12-31 | ฿1.36 Billion ≈ $42.52 Million |
+7.17% |
| 2017-12-31 | ฿1.27 Billion ≈ $39.68 Million |
+9.24% |
| 2016-12-31 | ฿1.17 Billion ≈ $36.32 Million |
+6.96% |
| 2015-12-31 | ฿1.09 Billion ≈ $33.96 Million |
+4.81% |
| 2014-12-31 | ฿1.04 Billion ≈ $32.40 Million |
+7.74% |
| 2013-12-31 | ฿964.78 Million ≈ $30.07 Million |
+8.15% |
| 2012-12-31 | ฿892.07 Million ≈ $27.80 Million |
+7.83% |
| 2011-12-31 | ฿827.31 Million ≈ $25.79 Million |
+3.49% |
| 2010-12-31 | ฿799.43 Million ≈ $24.92 Million |
+40.30% |
| 2009-12-31 | ฿569.81 Million ≈ $17.76 Million |
+7.78% |
| 2008-12-31 | ฿528.68 Million ≈ $16.48 Million |
+9.23% |
| 2007-12-31 | ฿483.99 Million ≈ $15.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IFS Capital (Thailand) 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 862.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.27 Billion | 68.92% |
| Other Components | ฿574.60 Million | 31.08% |
| Total Equity | ฿1.85 Billion | 100.00% |
IFS Capital (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of IFS Capital (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wattana Karnpaet Public Company Limited
BK:NEW
|
$30.00 Million |
|
E&E Recycling
TWO:8440
|
$30.00 Million |
|
Kalamazoo Resources Ltd
AU:KZR
|
$30.01 Million |
|
P-Two Industries
TWO:6158
|
$30.01 Million |
|
Aquirian Ltd
AU:AQN
|
$29.99 Million |
|
PM Thoresen Asia Holdings PCL
BK:PMTA
|
$29.97 Million |
|
SolTech Energy Sweden AB
ST:SOLT
|
$29.97 Million |
|
Intellinetics Inc
NYSE MKT:INLX
|
$29.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IFS Capital (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,825,843,302 to 1,848,861,218, a change of 23,017,916 (1.3%).
- Net income of 95,387,217 contributed positively to equity growth.
- Dividend payments of 73,037,997 reduced retained earnings.
- Other comprehensive income decreased equity by 49,350,000.
- Other factors increased equity by 50,018,696.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿95.39 Million | +5.16% |
| Dividends Paid | ฿73.04 Million | -3.95% |
| Other Comprehensive Income | ฿-49.35 Million | -2.67% |
| Other Changes | ฿50.02 Million | +2.71% |
| Total Change | ฿- | 1.26% |
Book Value vs Market Value Analysis
This analysis compares IFS Capital (Thailand) 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: 0.52x
- 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 0.27x to 0.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿7.19 | ฿1.95 | x |
| 2009-12-31 | ฿1.55 | ฿1.95 | x |
| 2010-12-31 | ฿1.91 | ฿1.95 | x |
| 2011-12-31 | ฿1.68 | ฿1.95 | x |
| 2012-12-31 | ฿1.81 | ฿1.95 | x |
| 2013-12-31 | ฿1.95 | ฿1.95 | x |
| 2014-12-31 | ฿2.11 | ฿1.95 | x |
| 2015-12-31 | ฿2.21 | ฿1.95 | x |
| 2016-12-31 | ฿2.36 | ฿1.95 | x |
| 2017-12-31 | ฿2.58 | ฿1.95 | x |
| 2018-12-31 | ฿2.76 | ฿1.95 | x |
| 2019-12-31 | ฿3.06 | ฿1.95 | x |
| 2020-12-31 | ฿3.10 | ฿1.95 | x |
| 2021-12-31 | ฿3.27 | ฿1.95 | x |
| 2022-12-31 | ฿3.43 | ฿1.95 | x |
| 2023-12-31 | ฿3.59 | ฿1.95 | x |
| 2024-12-31 | ฿3.70 | ฿1.95 | x |
| 2025-12-31 | ฿3.75 | ฿1.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IFS Capital (Thailand) 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): 5.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.54%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.27x
- Recent ROE (5.16%) is below the historical average (10.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.46% | 26.60% | 0.11x | 4.53x | ฿18.27 Million |
| 2009 | 12.51% | 32.34% | 0.10x | 3.83x | ฿14.31 Million |
| 2010 | 10.61% | 34.21% | 0.12x | 2.63x | ฿4.86 Million |
| 2011 | 8.20% | 26.69% | 0.11x | 2.73x | ฿-14.89 Million |
| 2012 | 12.52% | 34.42% | 0.09x | 4.01x | ฿22.50 Million |
| 2013 | 12.96% | 33.32% | 0.10x | 3.79x | ฿28.60 Million |
| 2014 | 13.29% | 38.85% | 0.11x | 3.13x | ฿34.17 Million |
| 2015 | 10.84% | 34.72% | 0.10x | 3.16x | ฿9.17 Million |
| 2016 | 11.74% | 40.20% | 0.09x | 3.18x | ฿20.31 Million |
| 2017 | 11.90% | 40.90% | 0.09x | 3.25x | ฿24.15 Million |
| 2018 | 12.19% | 40.80% | 0.10x | 3.14x | ฿29.81 Million |
| 2019 | 15.32% | 56.24% | 0.10x | 2.72x | ฿80.39 Million |
| 2020 | 8.75% | 39.66% | 0.10x | 2.26x | ฿-19.17 Million |
| 2021 | 9.48% | 43.81% | 0.09x | 2.44x | ฿-8.34 Million |
| 2022 | 9.26% | 41.47% | 0.10x | 2.22x | ฿-12.57 Million |
| 2023 | 8.94% | 36.72% | 0.11x | 2.15x | ฿-18.77 Million |
| 2024 | 7.50% | 34.81% | 0.10x | 2.24x | ฿-45.58 Million |
| 2025 | 5.16% | 22.54% | 0.10x | 2.27x | ฿-89.50 Million |
Industry Comparison
This section compares IFS Capital (Thailand) Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $5,538,420,914
- Average return on equity (ROE) among peers: -46.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IFS Capital (Thailand) Public Company Limited (IFS) | ฿1.85 Billion | 13.46% | 1.27x | $29.99 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $18.36 Million | -530.54% | 174.82x | $4.18 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $21.13 Billion | 18.82% | 3.52x | $825.27 Million |
| AIRA Factoring Public Company Limited (AF) | $532.44 Million | 1.28% | 3.70x | $19.45 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.13 Billion | 14.52% | 1.75x | $30.26 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.58 Billion | 7.52% | 4.99x | $276.40 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $1.87 Billion | 9.86% | 1.37x | $29.03 Million |
| G Capital Public Company Limited (GCAP) | $128.58 Million | 25.38% | 4.73x | $4.22 Million |
| JMT Network Services Public Company Limited (JMT) | $615.11 Million | 12.21% | 0.49x | $550.54 Million |
| Krungthai Card PCL (KTC) | $22.85 Billion | 23.34% | 2.87x | $3.09 Billion |
About IFS Capital (Thailand) Public Company Limited
IFS Capital (Thailand) Public Company Limited engages in the provision of factoring, leasing, hire purchase, office rental, and other financial services in Thailand, Singapore, Malaysia, and Indonesia. It operates through Factoring Business; and Hire Purchase and Finance Leasing Business segments. The company offers domestic and export factoring services, as well as supply chain finance, a buyer-… Read more