Indorama Ventures PCL

BK:IVL Thailand Chemicals
Market Cap
$3.61 Billion
฿125.20 Billion THB
Market Cap Rank
#6653 Global
#15 in Thailand
Share Price
฿22.30
Change (1 day)
+10.95%
52-Week Range
฿14.80 - ฿24.10
All Time High
฿51.31
Categories
Companies in Thailand Chemicals
About

Indorama Ventures Public Company Limited, together with its subsidiaries, manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally. It operates through four segments: Combined PET, Indovida, Indovinya, and Fibers. The Combined PET segment manufactures and distributes polyethylene terephthalate (PET) value chain comprising paraxylene, purified… Read more

Indorama Ventures PCL (IVL) - Net Assets

Latest net assets as of December 2025: ฿128.95 Billion THB

Based on the latest financial reports, Indorama Ventures PCL (IVL) has net assets worth ฿128.95 Billion THB as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿523.48 Billion) and total liabilities (฿394.53 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 ฿128.95 Billion
% of Total Assets 24.63%
Annual Growth Rate 6.25%
5-Year Change -24.59%
10-Year Change 40.45%
Growth Volatility 28.26

Indorama Ventures PCL - Net Assets Trend (2008–2025)

This chart illustrates how Indorama Ventures 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 Indorama Ventures PCL (2008–2025)

The table below shows the annual net assets of Indorama Ventures PCL from 2008 to 2025.

Year Net Assets Change
2025-12-31 ฿128.95 Billion -7.18%
2024-12-31 ฿138.93 Billion -21.98%
2023-12-31 ฿178.07 Billion -11.36%
2022-12-31 ฿200.89 Billion +17.47%
2021-12-31 ฿171.00 Billion +26.10%
2020-12-31 ฿135.61 Billion -1.85%
2019-12-31 ฿138.17 Billion -9.01%
2018-12-31 ฿151.86 Billion +27.62%
2017-12-31 ฿118.99 Billion +29.59%
2016-12-31 ฿91.81 Billion +10.68%
2015-12-31 ฿82.95 Billion +9.79%
2014-12-31 ฿75.55 Billion +22.72%
2013-12-31 ฿61.57 Billion +2.81%
2012-12-31 ฿59.88 Billion +1.89%
2011-12-31 ฿58.78 Billion +81.38%
2010-12-31 ฿32.40 Billion +44.24%
2009-12-31 ฿22.47 Billion -51.15%
2008-12-31 ฿45.99 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Indorama Ventures 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 grown by 626.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings ฿47.94 Billion 40.79%
Other Components ฿69.59 Billion 59.21%
Total Equity ฿117.53 Billion 100.00%

Indorama Ventures PCL Competitors by Market Cap

The table below lists competitors of Indorama Ventures PCL ranked by their market capitalization.

Company Market Cap
Premier Group Ltd
JSE:PMR
 		$1.18 Billion
Genting Bhd
KLSE:3182
 		$1.18 Billion
Sienna Senior Living Inc
PINK:LWSCF
 		$1.18 Billion
Zug Estates Holding AG
SW:ZUGN
 		$1.18 Billion
Freightways Group Ltd
AU:FRW
 		$1.18 Billion
DBG Technology Co Ltd Class A
SHE:300735
 		$1.18 Billion
Hufvudstaden AB (publ)
PINK:HUFAF
 		$1.18 Billion
HUTCHMED (CHINA) LS-1
F:H7T2
 		$1.18 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Indorama Ventures PCL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 125,950,938,000 to 117,526,765,000, a change of -8,424,173,000 (-6.7%).
  • Net loss of 7,348,393,000 reduced equity.
  • Dividend payments of 3,930,229,000 reduced retained earnings.
  • Other comprehensive income increased equity by 9,409,162,000.
  • Other factors decreased equity by 6,554,713,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ฿-7.35 Billion -6.25%
Dividends Paid ฿3.93 Billion -3.34%
Other Comprehensive Income ฿9.41 Billion +8.01%
Other Changes ฿-6.55 Billion -5.58%
Total Change ฿- -6.69%

Book Value vs Market Value Analysis

This analysis compares Indorama Ventures 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: 1.07x
  • 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 7.76x to 1.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 ฿2.87 ฿22.30 x
2009-12-31 ฿3.86 ฿22.30 x
2010-12-31 ฿7.56 ฿22.30 x
2011-12-31 ฿12.38 ฿22.30 x
2012-12-31 ฿12.37 ฿22.30 x
2013-12-31 ฿12.57 ฿22.30 x
2014-12-31 ฿15.26 ฿22.30 x
2015-12-31 ฿16.58 ฿22.30 x
2016-12-31 ฿18.50 ฿22.30 x
2017-12-31 ฿21.24 ฿22.30 x
2018-12-31 ฿26.28 ฿22.30 x
2019-12-31 ฿23.10 ฿22.30 x
2020-12-31 ฿22.56 ฿22.30 x
2021-12-31 ฿28.28 ฿22.30 x
2022-12-31 ฿33.13 ฿22.30 x
2023-12-31 ฿29.27 ฿22.30 x
2024-12-31 ฿22.43 ฿22.30 x
2025-12-31 ฿20.93 ฿22.30 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Indorama Ventures 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): -6.25%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -1.64%
  • • Asset Turnover: 0.85x
  • • Equity Multiplier: 4.45x
  • Recent ROE (-6.25%) is below the historical average (10.77%), 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 20.76% 4.69% 0.81x 5.45x ฿1.38 Billion
2009 28.08% 5.96% 1.09x 4.32x ฿3.11 Billion
2010 32.93% 10.69% 1.27x 2.43x ฿7.35 Billion
2011 26.55% 8.37% 1.28x 2.49x ฿9.70 Billion
2012 7.74% 2.19% 1.24x 2.86x ฿-1.34 Billion
2013 2.19% 0.58% 1.21x 3.12x ฿-4.72 Billion
2014 2.02% 0.61% 1.25x 2.66x ฿-5.86 Billion
2015 8.28% 2.82% 1.06x 2.78x ฿-1.37 Billion
2016 18.19% 6.36% 0.99x 2.90x ฿7.29 Billion
2017 17.84% 7.29% 1.01x 2.41x ฿9.18 Billion
2018 18.27% 7.62% 0.92x 2.62x ฿11.98 Billion
2019 4.05% 1.49% 0.93x 2.93x ฿-7.72 Billion
2020 1.91% 0.73% 0.73x 3.58x ฿-10.25 Billion
2021 16.56% 5.62% 0.86x 3.41x ฿10.41 Billion
2022 16.67% 4.72% 1.05x 3.35x ฿12.41 Billion
2023 -6.57% -1.98% 0.92x 3.59x ฿-27.23 Billion
2024 -15.29% -3.56% 1.00x 4.30x ฿-31.86 Billion
2025 -6.25% -1.64% 0.85x 4.45x ฿-19.10 Billion

Industry Comparison

This section compares Indorama Ventures PCL's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $2,678,486,109
  • Average return on equity (ROE) among peers: 12.37%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Indorama Ventures PCL (IVL) ฿128.95 Billion 20.76% 3.06x $1.18 Billion
Global Green Chemicals Public Company Limited (GGC) $9.52 Billion -2.78% 0.19x $20.03 Million
Golden Lime PCL (SUTHA) $287.13 Million 35.13% 1.76x $3.90 Million
Thai Agro Energy Public Company Limited (TAE) $1.80 Billion 3.90% 0.87x $8.47 Million
UAC Global Public Company Limited (UAC) $1.44 Billion 11.35% 1.11x $15.35 Million
Union Petrochemical Public Company Limited (UKEM) $347.74 Million 14.25% 2.05x $11.72 Million