Thaitheparos Public Company Limited (SAUCE) - Net Assets
Based on the latest financial reports, Thaitheparos Public Company Limited (SAUCE) has net assets worth ฿3.07 Billion THB (≈ $95.78 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.37 Billion ≈ $104.97 Million USD) and total liabilities (฿294.76 Million ≈ $9.19 Million 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 SAUCE financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.07 Billion |
| % of Total Assets | 91.25% |
| Annual Growth Rate | 3.02% |
| 5-Year Change | 19.51% |
| 10-Year Change | 31.54% |
| Growth Volatility | 3.33 |
Thaitheparos Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thaitheparos Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thaitheparos Public Company Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Thaitheparos Public Company Limited (2000–2024)
The table below shows the annual net assets of Thaitheparos Public Company Limited from 2000 to 2024. For live valuation and market cap data, see market cap of Thaitheparos Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.15 Billion ≈ $98.14 Million |
+4.12% |
| 2023-12-31 | ฿3.02 Billion ≈ $94.25 Million |
+5.75% |
| 2022-12-31 | ฿2.86 Billion ≈ $89.13 Million |
+2.00% |
| 2021-12-31 | ฿2.80 Billion ≈ $87.38 Million |
+6.41% |
| 2020-12-31 | ฿2.63 Billion ≈ $82.11 Million |
+5.70% |
| 2019-12-31 | ฿2.49 Billion ≈ $77.69 Million |
+3.71% |
| 2018-12-31 | ฿2.40 Billion ≈ $74.91 Million |
+3.37% |
| 2017-12-31 | ฿2.32 Billion ≈ $72.46 Million |
-2.86% |
| 2016-12-31 | ฿2.39 Billion ≈ $74.60 Million |
0.00% |
| 2015-12-31 | ฿2.39 Billion ≈ $74.60 Million |
-0.13% |
| 2014-12-31 | ฿2.40 Billion ≈ $74.70 Million |
-4.55% |
| 2013-12-31 | ฿2.51 Billion ≈ $78.26 Million |
+2.28% |
| 2012-12-31 | ฿2.45 Billion ≈ $76.52 Million |
+5.69% |
| 2011-12-31 | ฿2.32 Billion ≈ $72.40 Million |
+3.02% |
| 2010-12-31 | ฿2.25 Billion ≈ $70.28 Million |
+2.50% |
| 2009-12-31 | ฿2.20 Billion ≈ $68.57 Million |
+5.51% |
| 2008-12-31 | ฿2.08 Billion ≈ $64.98 Million |
+3.03% |
| 2007-12-31 | ฿2.02 Billion ≈ $63.07 Million |
+3.91% |
| 2006-12-31 | ฿1.95 Billion ≈ $60.70 Million |
+1.62% |
| 2005-12-31 | ฿1.92 Billion ≈ $59.73 Million |
-1.65% |
| 2004-12-31 | ฿1.95 Billion ≈ $60.73 Million |
+0.18% |
| 2003-12-31 | ฿1.95 Billion ≈ $60.62 Million |
+8.32% |
| 2002-12-31 | ฿1.80 Billion ≈ $55.97 Million |
+9.00% |
| 2001-12-31 | ฿1.65 Billion ≈ $51.35 Million |
+6.91% |
| 2000-12-31 | ฿1.54 Billion ≈ $48.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thaitheparos 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 273.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.11 Billion | 67.11% |
| Common Stock | ฿360.00 Million | 11.43% |
| Other Comprehensive Income | ฿60.00 Million | 1.91% |
| Other Components | ฿615.60 Million | 19.55% |
| Total Equity | ฿3.15 Billion | 100.00% |
Thaitheparos Public Company Limited Competitors by Market Cap
The table below lists competitors of Thaitheparos Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GuangZhou Wahlap Technology Corporation Limited
SHE:301011
|
$448.89 Million |
|
First Tractor Company Limited
F:FTP
|
$449.05 Million |
|
Danhua Chemical Technology Co Ltd A
SHG:600844
|
$449.06 Million |
|
EMX Royalty Corp
V:EMX
|
$449.29 Million |
|
Fiverr International Ltd
NYSE:FVRR
|
$448.73 Million |
|
Skjern Bank A/S
CO:SKJE
|
$448.71 Million |
|
Iteos Therapeutics Inc
NASDAQ:ITOS
|
$448.68 Million |
|
Huang Hsiang Construction Corp
TW:2545
|
$448.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thaitheparos Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,023,869,068 to 3,148,514,705, a change of 124,645,637 (4.1%).
- Net income of 743,845,637 contributed positively to equity growth.
- Dividend payments of 619,200,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿743.85 Million | +23.63% |
| Dividends Paid | ฿619.20 Million | -19.67% |
| Total Change | ฿- | 4.12% |
Book Value vs Market Value Analysis
This analysis compares Thaitheparos 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: 4.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.36x to 4.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | ฿4.27 | ฿40.00 | x |
| 2001-12-31 | ฿4.58 | ฿40.00 | x |
| 2002-12-31 | ฿4.99 | ฿40.00 | x |
| 2003-12-31 | ฿5.40 | ฿40.00 | x |
| 2004-12-31 | ฿5.41 | ฿40.00 | x |
| 2005-12-31 | ฿5.32 | ฿40.00 | x |
| 2006-12-31 | ฿5.41 | ฿40.00 | x |
| 2007-12-31 | ฿5.62 | ฿40.00 | x |
| 2008-12-31 | ฿5.79 | ฿40.00 | x |
| 2009-12-31 | ฿6.11 | ฿40.00 | x |
| 2010-12-31 | ฿6.26 | ฿40.00 | x |
| 2011-12-31 | ฿6.45 | ฿40.00 | x |
| 2012-12-31 | ฿6.82 | ฿40.00 | x |
| 2013-12-31 | ฿6.97 | ฿40.00 | x |
| 2014-12-31 | ฿6.66 | ฿40.00 | x |
| 2015-12-31 | ฿6.65 | ฿40.00 | x |
| 2016-12-31 | ฿6.65 | ฿40.00 | x |
| 2017-12-31 | ฿6.46 | ฿40.00 | x |
| 2018-12-31 | ฿6.68 | ฿40.00 | x |
| 2019-12-31 | ฿6.92 | ฿40.00 | x |
| 2020-12-31 | ฿7.32 | ฿40.00 | x |
| 2021-12-31 | ฿7.79 | ฿40.00 | x |
| 2022-12-31 | ฿7.94 | ฿40.00 | x |
| 2023-12-31 | ฿8.40 | ฿40.00 | x |
| 2024-12-31 | ฿8.75 | ฿40.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thaitheparos 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): 23.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.20%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.10x
- Recent ROE (23.63%) is above the historical average (18.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.60% | 7.82% | 0.88x | 1.10x | ฿-36.93 Million |
| 2001 | 16.30% | 16.75% | 0.88x | 1.10x | ฿103.78 Million |
| 2002 | 17.28% | 18.33% | 0.86x | 1.10x | ฿130.71 Million |
| 2003 | 17.40% | 18.83% | 0.86x | 1.08x | ฿143.88 Million |
| 2004 | 15.79% | 16.46% | 0.89x | 1.07x | ฿112.77 Million |
| 2005 | 14.20% | 13.71% | 0.97x | 1.07x | ฿80.44 Million |
| 2006 | 16.38% | 15.08% | 1.01x | 1.07x | ฿124.32 Million |
| 2007 | 18.89% | 17.14% | 1.01x | 1.09x | ฿179.81 Million |
| 2008 | 18.00% | 16.09% | 1.04x | 1.07x | ฿166.79 Million |
| 2009 | 19.55% | 17.48% | 1.02x | 1.10x | ฿210.00 Million |
| 2010 | 18.56% | 16.34% | 1.03x | 1.11x | ฿192.96 Million |
| 2011 | 20.60% | 18.08% | 1.01x | 1.13x | ฿246.11 Million |
| 2012 | 23.26% | 21.60% | 0.97x | 1.11x | ฿325.60 Million |
| 2013 | 19.93% | 19.02% | 0.95x | 1.10x | ฿249.22 Million |
| 2014 | 15.35% | 13.91% | 1.01x | 1.10x | ฿128.33 Million |
| 2015 | 16.37% | 14.28% | 1.04x | 1.11x | ฿152.49 Million |
| 2016 | 17.34% | 15.56% | 1.00x | 1.11x | ฿175.66 Million |
| 2017 | 14.86% | 12.63% | 1.05x | 1.12x | ฿112.88 Million |
| 2018 | 18.18% | 15.41% | 1.06x | 1.12x | ฿196.67 Million |
| 2019 | 17.88% | 15.38% | 1.04x | 1.11x | ฿196.28 Million |
| 2020 | 20.63% | 18.56% | 1.00x | 1.11x | ฿279.96 Million |
| 2021 | 22.08% | 19.95% | 0.99x | 1.11x | ฿338.59 Million |
| 2022 | 22.10% | 19.47% | 1.03x | 1.11x | ฿346.12 Million |
| 2023 | 24.46% | 21.05% | 1.05x | 1.10x | ฿437.22 Million |
| 2024 | 23.63% | 21.20% | 1.01x | 1.10x | ฿428.99 Million |
Industry Comparison
This section compares Thaitheparos Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $3,044,840,456
- Average return on equity (ROE) among peers: 0.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thaitheparos Public Company Limited (SAUCE) | ฿3.07 Billion | 7.60% | 0.10x | $448.84 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $180.99 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.43 Billion | 7.92% | 0.26x | $23.98 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.21 Billion | 1.06% | 0.70x | $15.02 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.35 Billion | 8.86% | 0.10x | $19.01 Million |
| GFPT Public Company Limited (GFPT) | $3.78 Billion | 28.67% | 0.98x | $357.59 Million |
| J.S.P. Property Public Company Limited (JSP) | $5.18 Billion | 9.40% | 0.76x | $28.10 Million |
| Thai Ha Public Company Limited (KASET) | $325.04 Million | -11.22% | 0.97x | $7.19 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.73 Billion | 6.85% | 0.15x | $69.45 Million |
| Malee Group Public Company Limited (MALEE) | $839.63 Million | -24.17% | 3.77x | $69.74 Million |
| President Bakery Public Company Limited (PB) | $12.44 Billion | 12.78% | 0.11x | $680.27 Million |
About Thaitheparos Public Company Limited
Thaitheparos Public Company Limited manufactures and distributes sauces and condiments in Thailand and internationally. It offers seasoning food products, including seasoning sauces, distilled vinegar, chili sauces, ketchups, tomato sauces, oyster sauces, chicken sauces, light soy, dark soy, soy sauces, and Japanese soy sauces. The company sells its products under the Golden Mountain, Kinzan, and… Read more