Krungthai Card PCL
Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand. It also involved in the merchant acquiring, payment services, provincial retail lending business, occupational retail lending business, e-money business, and hire purchase and leasing business. Krungthai Card Public Company Limited was incorporated in 1996 and is headquartere… Read more
Krungthai Card PCL (KTC) - Net Assets
Latest net assets as of September 2025: ฿42.09 Billion THB
Based on the latest financial reports, Krungthai Card PCL (KTC) has net assets worth ฿42.09 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 (฿105.45 Billion) and total liabilities (฿63.35 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 | ฿42.09 Billion |
| % of Total Assets | 39.92% |
| Annual Growth Rate | 32.72% |
| 5-Year Change | 74.61% |
| 10-Year Change | 356.9% |
| Growth Volatility | 511.75 |
Krungthai Card PCL - Net Assets Trend (2001–2024)
This chart illustrates how Krungthai Card 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 Krungthai Card PCL (2001–2024)
The table below shows the annual net assets of Krungthai Card PCL from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿39.90 Billion | +11.31% |
| 2023-12-31 | ฿35.85 Billion | +13.52% |
| 2022-12-31 | ฿31.58 Billion | +16.58% |
| 2021-12-31 | ฿27.08 Billion | +18.53% |
| 2020-12-31 | ฿22.85 Billion | +15.79% |
| 2019-12-31 | ฿19.74 Billion | +20.69% |
| 2018-12-31 | ฿16.35 Billion | +30.01% |
| 2017-12-31 | ฿12.58 Billion | +21.85% |
| 2016-12-31 | ฿10.32 Billion | +18.20% |
| 2015-12-31 | ฿8.73 Billion | +18.53% |
| 2014-12-31 | ฿7.37 Billion | +20.22% |
| 2013-12-31 | ฿6.13 Billion | +18.06% |
| 2012-12-31 | ฿5.19 Billion | +6.77% |
| 2011-12-31 | ฿4.86 Billion | -25.65% |
| 2010-12-31 | ฿6.54 Billion | +4.35% |
| 2009-12-31 | ฿6.27 Billion | +1.64% |
| 2008-12-31 | ฿6.17 Billion | +3.59% |
| 2007-12-31 | ฿5.95 Billion | +4.67% |
| 2006-12-31 | ฿5.69 Billion | +1.01% |
| 2005-12-31 | ฿5.63 Billion | +6.73% |
| 2004-12-31 | ฿5.27 Billion | +8.89% |
| 2003-12-31 | ฿4.84 Billion | +211.58% |
| 2002-12-31 | ฿1.55 Billion | +2521.20% |
| 2001-12-31 | ฿59.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Krungthai Card 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 242115.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿34.66 Billion | 87.06% |
| Common Stock | ฿2.58 Billion | 6.48% |
| Other Comprehensive Income | ฿681.53 Million | 1.71% |
| Other Components | ฿1.89 Billion | 4.75% |
| Total Equity | ฿39.81 Billion | 100.00% |
Krungthai Card PCL Competitors by Market Cap
The table below lists competitors of Krungthai Card PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arcadyan Technology Corp
TW:3596
|
$906.04 Million |
|
YFY Inc
TW:1907
|
$906.16 Million |
|
Hanwa Co., Ltd.
PINK:HNWAF
|
$906.63 Million |
|
Limin Chemical Co Ltd
SHE:002734
|
$906.65 Million |
|
Focus Technology Co Ltd
SHE:002315
|
$904.68 Million |
|
Shandong Laiwu Jinlei Wind Power Technology Co Ltd
SHE:300443
|
$904.50 Million |
|
CRISIL Limited
NSE:CRISIL
|
$904.41 Million |
|
Tianjin Chase Sun Pharmaceutical Co Ltd
SHE:300026
|
$904.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Krungthai Card PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,681,572,430 to 39,810,283,671, a change of 4,128,711,241 (11.6%).
- Net income of 7,437,164,065 contributed positively to equity growth.
- Dividend payments of 3,274,443,479 reduced retained earnings.
- Other comprehensive income increased equity by 251,182,958.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿7.44 Billion | +18.68% |
| Dividends Paid | ฿3.27 Billion | -8.23% |
| Other Comprehensive Income | ฿251.18 Million | +0.63% |
| Other Changes | ฿-285.19 Million | -0.72% |
| Total Change | ฿- | 11.57% |
Book Value vs Market Value Analysis
This analysis compares Krungthai Card 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: 1.93x
- 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 4.77x to 1.93x 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 | ฿6.24 | ฿29.75 | x |
| 2003-12-31 | ฿1.94 | ฿29.75 | x |
| 2004-12-31 | ฿2.07 | ฿29.75 | x |
| 2005-12-31 | ฿2.19 | ฿29.75 | x |
| 2006-12-31 | ฿2.21 | ฿29.75 | x |
| 2007-12-31 | ฿2.31 | ฿29.75 | x |
| 2008-12-31 | ฿2.39 | ฿29.75 | x |
| 2009-12-31 | ฿2.43 | ฿29.75 | x |
| 2010-12-31 | ฿2.54 | ฿29.75 | x |
| 2011-12-31 | ฿1.89 | ฿29.75 | x |
| 2012-12-31 | ฿2.01 | ฿29.75 | x |
| 2013-12-31 | ฿2.38 | ฿29.75 | x |
| 2014-12-31 | ฿2.86 | ฿29.75 | x |
| 2015-12-31 | ฿3.39 | ฿29.75 | x |
| 2016-12-31 | ฿4.00 | ฿29.75 | x |
| 2017-12-31 | ฿4.88 | ฿29.75 | x |
| 2018-12-31 | ฿6.34 | ฿29.75 | x |
| 2019-12-31 | ฿7.64 | ฿29.75 | x |
| 2020-12-31 | ฿8.84 | ฿29.75 | x |
| 2021-12-31 | ฿10.41 | ฿29.75 | x |
| 2022-12-31 | ฿12.16 | ฿29.75 | x |
| 2023-12-31 | ฿13.84 | ฿29.75 | x |
| 2024-12-31 | ฿15.42 | ฿29.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Krungthai Card 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): 18.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.53%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.79x
- Recent ROE (18.68%) is above the historical average (13.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.41% | 0.21% | 3.32x | 2.02x | ฿-5.10 Million |
| 2002 | 9.09% | 10.91% | 0.14x | 5.96x | ฿-14.16 Million |
| 2003 | 7.28% | 13.57% | 0.18x | 2.95x | ฿-131.52 Million |
| 2004 | 10.80% | 13.81% | 0.18x | 4.31x | ฿42.12 Million |
| 2005 | 11.60% | 11.09% | 0.20x | 5.26x | ฿89.80 Million |
| 2006 | 7.72% | 5.61% | 0.19x | 7.33x | ฿-129.84 Million |
| 2007 | 8.75% | 5.05% | 0.22x | 7.72x | ฿-74.18 Million |
| 2008 | 8.44% | 4.56% | 0.22x | 8.42x | ฿-96.12 Million |
| 2009 | -6.30% | -3.40% | 0.23x | 7.95x | ฿-1.02 Billion |
| 2010 | 3.43% | 2.02% | 0.23x | 7.42x | ฿-429.75 Million |
| 2011 | -33.35% | -14.27% | 0.24x | 9.76x | ฿-2.11 Billion |
| 2012 | 4.91% | 2.69% | 0.19x | 9.47x | ฿-264.12 Million |
| 2013 | 20.93% | 12.15% | 0.20x | 8.47x | ฿669.78 Million |
| 2014 | 23.82% | 16.24% | 0.20x | 7.40x | ฿1.02 Billion |
| 2015 | 23.73% | 17.42% | 0.20x | 6.89x | ฿1.20 Billion |
| 2016 | 24.17% | 18.21% | 0.20x | 6.62x | ฿1.46 Billion |
| 2017 | 26.27% | 21.97% | 0.20x | 5.85x | ฿2.05 Billion |
| 2018 | 31.43% | 31.53% | 0.20x | 4.87x | ฿3.50 Billion |
| 2019 | 28.03% | 31.45% | 0.21x | 4.33x | ฿3.55 Billion |
| 2020 | 23.39% | 30.64% | 0.20x | 3.88x | ฿3.05 Billion |
| 2021 | 21.91% | 35.08% | 0.19x | 3.33x | ฿3.20 Billion |
| 2022 | 22.58% | 38.44% | 0.18x | 3.25x | ฿3.94 Billion |
| 2023 | 20.45% | 35.65% | 0.18x | 3.16x | ฿3.73 Billion |
| 2024 | 18.68% | 34.53% | 0.19x | 2.79x | ฿3.46 Billion |
Industry Comparison
This section compares Krungthai Card PCL's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,462,560,682
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Krungthai Card PCL (KTC) | ฿42.09 Billion | 1.41% | 1.51x | $905.79 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |