Krungthai Card PCL (KTC) - Net Assets

Latest as of September 2025: ฿42.09 Billion THB ≈ $1.31 Billion USD

Based on the latest financial reports, Krungthai Card PCL (KTC) has net assets worth ฿42.09 Billion THB (≈ $1.31 Billion USD) 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 ≈ $3.29 Billion USD) and total liabilities (฿63.35 Billion ≈ $1.97 Billion 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. Check Krungthai Card PCL asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Krungthai Card PCL for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Krungthai Card PCL market cap and net worth.

Year	Net Assets	Change
2024-12-31	฿39.90 Billion ≈ $1.24 Billion	+11.31%
2023-12-31	฿35.85 Billion ≈ $1.12 Billion	+13.52%
2022-12-31	฿31.58 Billion ≈ $984.19 Million	+16.58%
2021-12-31	฿27.08 Billion ≈ $844.20 Million	+18.53%
2020-12-31	฿22.85 Billion ≈ $712.22 Million	+15.79%
2019-12-31	฿19.74 Billion ≈ $615.12 Million	+20.69%
2018-12-31	฿16.35 Billion ≈ $509.67 Million	+30.01%
2017-12-31	฿12.58 Billion ≈ $392.02 Million	+21.85%
2016-12-31	฿10.32 Billion ≈ $321.72 Million	+18.20%
2015-12-31	฿8.73 Billion ≈ $272.19 Million	+18.53%
2014-12-31	฿7.37 Billion ≈ $229.65 Million	+20.22%
2013-12-31	฿6.13 Billion ≈ $191.02 Million	+18.06%
2012-12-31	฿5.19 Billion ≈ $161.80 Million	+6.77%
2011-12-31	฿4.86 Billion ≈ $151.54 Million	-25.65%
2010-12-31	฿6.54 Billion ≈ $203.82 Million	+4.35%
2009-12-31	฿6.27 Billion ≈ $195.32 Million	+1.64%
2008-12-31	฿6.17 Billion ≈ $192.16 Million	+3.59%
2007-12-31	฿5.95 Billion ≈ $185.50 Million	+4.67%
2006-12-31	฿5.69 Billion ≈ $177.22 Million	+1.01%
2005-12-31	฿5.63 Billion ≈ $175.45 Million	+6.73%
2004-12-31	฿5.27 Billion ≈ $164.39 Million	+8.89%
2003-12-31	฿4.84 Billion ≈ $150.98 Million	+211.58%
2002-12-31	฿1.55 Billion ≈ $48.46 Million	+2521.20%
2001-12-31	฿59.31 Million ≈ $1.85 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
Krungthai Card Public Company Limited BK:KTC-R	$2.39 Billion
WG Tech JiangXi Co Ltd SHG:603773	$2.39 Billion
SBT Ultrasonic Technology Co. Ltd. A SHG:688392	$2.39 Billion
Grupo Bafar S.A.B. de C.V MX:BAFARB	$2.39 Billion
Ardagh Metal Packaging SA NYSE:AMBP	$2.39 Billion
Beijing Fuxing Xiaocheng Electronic Technology Co Ltd SHE:300139	$2.39 Billion
Hubei Zhongyi Science Technology Co. Ltd. SHE:301150	$2.39 Billion
Bitdeer Technologies Group Class A Ordinary Shares NASDAQ:BTDR	$2.39 Billion

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: $1,682,960,719
Average return on equity (ROE) among peers: 8.67%

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	$2.39 Billion
ASIA Capital Group Public Company Limited (ACAP)	$349.18 Million	15.40%	0.13x	$4.18 Million
AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)	$6.13 Billion	2.63%	6.12x	$727.74 Million
AIRA Factoring Public Company Limited (AF)	$539.46 Million	9.41%	3.16x	$18.45 Million
Amanah Leasing Public Company Limited (AMANAH)	$1.17 Billion	1.30%	1.12x	$23.25 Million
Asia Sermkij Leasing Public Company Limited (ASK)	$1.95 Billion	14.85%	6.89x	$202.91 Million
Eastern Commercial Leasing Public Company Limited (ECL)	$1.76 Billion	8.09%	2.64x	$29.03 Million
G Capital Public Company Limited (GCAP)	$515.34 Million	0.76%	3.62x	$4.39 Million
IFS Capital (Thailand) Public Company Limited (IFS)	$799.43 Million	10.61%	1.63x	$27.84 Million
JMT Network Services Public Company Limited (JMT)	$1.94 Billion	15.00%	1.15x	$454.99 Million

About Krungthai Card PCL

BK:KTC Thailand Credit Services

Market Cap

$2.39 Billion

฿76.71 Billion THB

Market Cap Rank

#5698 Global

#31 in Thailand

Share Price

฿29.75

Change (1 day)

-0.83%

52-Week Range

฿24.00 - ฿44.50

All Time High

฿77.64