International Network System PCL
International Network System Public Company Limited engages in the design, installation, leasing, sale, repair, and maintenance of equipment used in information technology, communication, electrical system, and solar cell business in Thailand. The company offers network infrastructure, cyber security, data center, collaboration, and wireless and mobility solutions. It also provides consulting, pr… Read more
International Network System PCL (ITNS) - Net Assets
Latest net assets as of September 2025: ฿453.47 Million THB
Based on the latest financial reports, International Network System PCL (ITNS) has net assets worth ฿453.47 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 (฿607.42 Million) and total liabilities (฿153.95 Million). 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 | ฿453.47 Million |
| % of Total Assets | 74.66% |
| Annual Growth Rate | 32.65% |
| 5-Year Change | 149.1% |
| 10-Year Change | N/A |
| Growth Volatility | 51.14 |
International Network System PCL - Net Assets Trend (2018–2024)
This chart illustrates how International Network System PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for International Network System PCL (2018–2024)
The table below shows the annual net assets of International Network System PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿456.67 Million | +1.91% |
| 2023-12-31 | ฿448.09 Million | -0.30% |
| 2022-12-31 | ฿449.45 Million | +138.66% |
| 2021-12-31 | ฿188.33 Million | +2.73% |
| 2020-12-31 | ฿183.33 Million | +75.50% |
| 2019-12-31 | ฿104.46 Million | +24.68% |
| 2018-12-31 | ฿83.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to International Network System PCL'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 decreased by 0.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿33.71 Million | 7.38% |
| Other Components | ฿422.96 Million | 92.62% |
| Total Equity | ฿456.67 Million | 100.00% |
International Network System PCL Competitors by Market Cap
The table below lists competitors of International Network System PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATAM VALVES ORD (BSE)
NSE:ATAM
|
$3.48 Million |
|
EDM Resources Inc
PINK:SWNLF
|
$3.48 Million |
|
Genflow Biosciences plc
OTCMKTS:GENFF
|
$3.48 Million |
|
Urban Jakarta Propertindo Tbk PT
JK:URBN
|
$3.48 Million |
|
Primech Holdings Ltd. Ordinary Shares
NASDAQ:PMEC
|
$3.47 Million |
|
Catis. Inc.
KQ:140430
|
$3.47 Million |
|
FRX Innovations Inc.
PINK:FRXIF
|
$3.47 Million |
|
Independent ESG Mix
CO:IIKESGMIX
|
$3.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in International Network System PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 448,091,261 to 456,669,023, a change of 8,577,762 (1.9%).
- Net income of 34,089,207 contributed positively to equity growth.
- Dividend payments of 25,914,650 reduced retained earnings.
- Other comprehensive income decreased equity by 51,227,567.
- Other factors increased equity by 51,630,772.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿34.09 Million | +7.46% |
| Dividends Paid | ฿25.91 Million | -5.67% |
| Other Comprehensive Income | ฿-51.23 Million | -11.22% |
| Other Changes | ฿51.63 Million | +11.31% |
| Total Change | ฿- | 1.91% |
Book Value vs Market Value Analysis
This analysis compares International Network System PCL'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: 0.79x
- 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 4.52x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿0.38 | ฿1.72 | x |
| 2019-12-31 | ฿0.47 | ฿1.72 | x |
| 2020-12-31 | ฿0.83 | ฿1.72 | x |
| 2021-12-31 | ฿0.86 | ฿1.72 | x |
| 2022-12-31 | ฿2.74 | ฿1.72 | x |
| 2023-12-31 | ฿2.09 | ฿1.72 | x |
| 2024-12-31 | ฿2.19 | ฿1.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently International Network System PCL 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): 7.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.97%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.26x
- Recent ROE (7.46%) is below the historical average (14.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 17.74% | 6.81% | 1.42x | 1.83x | ฿6.49 Million |
| 2019 | 20.35% | 7.52% | 1.21x | 2.24x | ฿10.81 Million |
| 2020 | 15.72% | 7.70% | 1.28x | 1.60x | ฿10.49 Million |
| 2021 | 17.30% | 8.82% | 1.40x | 1.40x | ฿13.75 Million |
| 2022 | 12.30% | 10.08% | 0.82x | 1.48x | ฿10.33 Million |
| 2023 | 14.02% | 9.15% | 1.19x | 1.29x | ฿18.03 Million |
| 2024 | 7.46% | 6.97% | 0.85x | 1.26x | ฿-11.58 Million |
Industry Comparison
This section compares International Network System PCL's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $888,529,988
- Average return on equity (ROE) among peers: 17.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| International Network System PCL (ITNS) | ฿453.47 Million | 17.74% | 0.34x | $3.47 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 |
| Internet Thailand Public Company Limited (INET) | $619.36 Million | 3.29% | 0.20x | $35.55 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 |