Internet Thailand Public Company Limited

BK:INET Thailand Information Technology Services
Market Cap
$61.95 Million
฿2.15 Billion THB
Market Cap Rank
#22837 Global
#283 in Thailand
Share Price
฿3.60
Change (1 day)
+1.12%
52-Week Range
฿3.28 - ฿5.00
All Time High
฿9.27
Categories
Companies in Thailand Information Technology Services Technology AI & Machine Learning
About

Internet Thailand Public Company Limited, together with its subsidiaries, provides ICT infrastructure services in Thailand. It operates through two segments, Access Business and Business Solutions. The company offers INET data center solutions, including co-location and business continuity planning center; and cloud solutions, such as virtual machine as a service, backup as a service, disaster re… Read more

Internet Thailand Public Company Limited (INET) - Net Assets

Latest net assets as of September 2025: ฿3.49 Billion THB

Based on the latest financial reports, Internet Thailand Public Company Limited (INET) has net assets worth ฿3.49 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿17.48 Billion) and total liabilities (฿13.99 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 ฿3.49 Billion
% of Total Assets 19.98%
Annual Growth Rate 7.71%
5-Year Change 71.7%
10-Year Change 581.15%
Growth Volatility 35.67

Internet Thailand Public Company Limited - Net Assets Trend (2001–2024)

This chart illustrates how Internet Thailand 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 Internet Thailand Public Company Limited (2001–2024)

The table below shows the annual net assets of Internet Thailand Public Company Limited from 2001 to 2024.

Year Net Assets Change
2024-12-31 ฿3.42 Billion +30.45%
2023-12-31 ฿2.62 Billion +11.64%
2022-12-31 ฿2.35 Billion +8.64%
2021-12-31 ฿2.16 Billion +8.52%
2020-12-31 ฿1.99 Billion +4.99%
2019-12-31 ฿1.90 Billion +4.02%
2018-12-31 ฿1.82 Billion -3.88%
2017-12-31 ฿1.90 Billion +40.20%
2016-12-31 ฿1.35 Billion +169.57%
2015-12-31 ฿501.76 Million +8.29%
2014-12-31 ฿463.34 Million -5.75%
2013-12-31 ฿491.62 Million +0.32%
2012-12-31 ฿490.06 Million -0.02%
2011-12-31 ฿490.14 Million -16.35%
2010-12-31 ฿585.94 Million -4.09%
2009-12-31 ฿610.95 Million -0.05%
2008-12-31 ฿611.24 Million -5.33%
2007-12-31 ฿645.64 Million -1.04%
2006-12-31 ฿652.43 Million -1.69%
2005-12-31 ฿663.63 Million -0.77%
2004-12-31 ฿668.79 Million +2.59%
2003-12-31 ฿651.91 Million -0.83%
2002-12-31 ฿657.38 Million +6.14%
2001-12-31 ฿619.36 Million --

Equity Component Analysis

This analysis shows how different components contribute to Internet 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 1492.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿1.51 Billion 44.16%
Common Stock ฿596.74 Million 17.48%
Other Comprehensive Income ฿60.12 Million 1.76%
Other Components ฿1.25 Billion 36.59%
Total Equity ฿3.41 Billion 100.00%

Internet Thailand Public Company Limited Competitors by Market Cap

The table below lists competitors of Internet Thailand Public Company Limited ranked by their market capitalization.

Company Market Cap
Jetpak Top Holding AB
ST:JETPAK
 		$35.56 Million
Tamul Multimedia Co. Ltd
KQ:093640
 		$35.57 Million
Solasia Pharma K.K
F:9SO
 		$35.57 Million
BIOMED-LUBLIN WYT.SUR.
F:6NQ
 		$35.57 Million
Ten Ren Tea Co Ltd
TW:1233
 		$35.54 Million
Synthaverse S.A.
WAR:SVE
 		$35.52 Million
Exicom Tele-Systems Limited
NSE:EXICOM
 		$35.51 Million
Duksung
KO:004830
 		$35.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Internet Thailand Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,615,078,559 to 3,412,946,188, a change of 797,867,629 (30.5%).
  • Net income of 384,988,794 contributed positively to equity growth.
  • Dividend payments of 58,077,562 reduced retained earnings.
  • Other comprehensive income decreased equity by 90,160,926.
  • Other factors increased equity by 561,117,323.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿384.99 Million +11.28%
Dividends Paid ฿58.08 Million -1.7%
Other Comprehensive Income ฿-90.16 Million -2.64%
Other Changes ฿561.12 Million +16.44%
Total Change ฿- 30.51%

Book Value vs Market Value Analysis

This analysis compares Internet 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: 0.54x
  • 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 decreased from 1.73x to 0.54x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 ฿2.08 ฿3.60 x
2003-12-31 ฿2.08 ฿3.60 x
2004-12-31 ฿2.14 ฿3.60 x
2005-12-31 ฿2.12 ฿3.60 x
2006-12-31 ฿2.36 ฿3.60 x
2007-12-31 ฿2.86 ฿3.60 x
2008-12-31 ฿1.98 ฿3.60 x
2009-12-31 ฿1.94 ฿3.60 x
2010-12-31 ฿1.86 ฿3.60 x
2011-12-31 ฿1.56 ฿3.60 x
2012-12-31 ฿1.56 ฿3.60 x
2013-12-31 ฿1.56 ฿3.60 x
2014-12-31 ฿1.47 ฿3.60 x
2015-12-31 ฿1.59 ฿3.60 x
2016-12-31 ฿3.76 ฿3.60 x
2017-12-31 ฿3.78 ฿3.60 x
2018-12-31 ฿3.64 ฿3.60 x
2019-12-31 ฿3.79 ฿3.60 x
2020-12-31 ฿3.98 ฿3.60 x
2021-12-31 ฿4.32 ฿3.60 x
2022-12-31 ฿4.68 ฿3.60 x
2023-12-31 ฿5.23 ฿3.60 x
2024-12-31 ฿6.61 ฿3.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Internet 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): 11.28%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 15.21%
  • • Asset Turnover: 0.16x
  • • Equity Multiplier: 4.68x
  • Recent ROE (11.28%) is above the historical average (5.26%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 3.29% 17.06% 0.16x 1.20x ฿-41.56 Million
2002 12.24% 13.75% 0.71x 1.25x ฿14.72 Million
2003 14.50% 14.35% 0.82x 1.24x ฿29.33 Million
2004 13.74% 13.23% 0.82x 1.27x ฿25.00 Million
2005 10.88% 7.84% 1.10x 1.26x ฿5.86 Million
2006 1.35% 0.99% 1.04x 1.31x ฿-56.44 Million
2007 -0.28% -0.24% 0.92x 1.29x ฿-66.35 Million
2008 -4.81% -5.06% 0.69x 1.38x ฿-90.52 Million
2009 2.00% 2.15% 0.72x 1.29x ฿-48.89 Million
2010 -2.17% -3.14% 0.56x 1.23x ฿-71.28 Million
2011 -17.07% -27.73% 0.47x 1.30x ฿-132.67 Million
2012 -0.39% -0.63% 0.48x 1.28x ฿-50.91 Million
2013 0.62% 0.81% 0.45x 1.72x ฿-46.10 Million
2014 -1.47% -1.38% 0.47x 2.28x ฿-53.15 Million
2015 7.79% 6.41% 0.52x 2.36x ฿-11.06 Million
2016 6.24% 9.84% 0.33x 1.91x ฿-50.87 Million
2017 19.82% 37.92% 0.23x 2.22x ฿185.70 Million
2018 9.49% 11.79% 0.28x 2.86x ฿-9.21 Million
2019 8.93% 8.85% 0.30x 3.37x ฿-20.18 Million
2020 5.15% 5.58% 0.25x 3.66x ฿-96.59 Million
2021 7.54% 8.73% 0.19x 4.60x ฿-53.13 Million
2022 8.59% 9.84% 0.19x 4.65x ฿-32.91 Million
2023 8.97% 11.23% 0.16x 5.02x ฿-26.94 Million
2024 11.28% 15.21% 0.16x 4.68x ฿43.69 Million

Industry Comparison

This section compares Internet Thailand Public Company Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $918,437,876
  • Average return on equity (ROE) among peers: 19.42%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Internet Thailand Public Company Limited (INET) ฿3.49 Billion 3.29% 4.01x $35.55 Million
Advanced Information Technology Public Company Limited (AIT) $2.44 Billion 23.30% 0.90x $109.65 Million
Beryl 8 Plus Public Company Limited (BE8) $69.84 Million 47.24% 0.98x $10.12 Million
Ditto (Thailand) Public Company Limited (DITTO) $332.98 Million 34.30% 1.32x $132.47 Million
DITTO (THAILAND) (DITTO-R) $261.38 Million 21.53% 1.58x $174.47 Million
G-Able PCL (GABLE) $2.01 Billion 8.27% 1.09x $21.89 Million
I2 Enterprise Public Company Limited (I2) $649.02 Million 9.11% 2.22x $1.98 Million
I&I Group Public Company Limited (IIG) $602.01 Million 13.88% 0.89x $3.13 Million
Infraset Public Company Limited (INSET) $1.38 Billion 7.93% 0.37x $38.60 Million
International Research Corporation Public Company Limited (IRCP) $532.09 Million 9.22% 0.95x $3.60 Million