Tapaco Public Company Limited
Tapaco Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of plastic and assembly parts for electrical and electronic products in Thailand and Sweden. The company offers engineering plastic parts comprising semi-finished drive units, fax cover frames, fax bases, multi-function office equipment, and wireless handset bodies for fax machines; black-and-white … Read more
Tapaco Public Company Limited (TAPAC) - Net Assets
Latest net assets as of October 2023: ฿884.58 Million THB
Based on the latest financial reports, Tapaco Public Company Limited (TAPAC) has net assets worth ฿884.58 Million THB as of October 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.83 Billion) and total liabilities (฿942.67 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 | ฿884.58 Million |
| % of Total Assets | 48.41% |
| Annual Growth Rate | 9.49% |
| 5-Year Change | -18.0% |
| 10-Year Change | 129.36% |
| Growth Volatility | 25.11 |
Tapaco Public Company Limited - Net Assets Trend (2006–2023)
This chart illustrates how Tapaco Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tapaco Public Company Limited (2006–2023)
The table below shows the annual net assets of Tapaco Public Company Limited from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | ฿884.58 Million | -15.93% |
| 2022-10-31 | ฿1.05 Billion | +12.17% |
| 2021-10-31 | ฿938.09 Million | -5.38% |
| 2020-10-31 | ฿991.47 Million | -8.09% |
| 2019-10-31 | ฿1.08 Billion | +1.06% |
| 2018-10-31 | ฿1.07 Billion | -9.55% |
| 2017-10-31 | ฿1.18 Billion | +85.70% |
| 2016-10-31 | ฿635.53 Million | +56.43% |
| 2015-10-31 | ฿406.28 Million | +5.34% |
| 2014-10-31 | ฿385.67 Million | +3.87% |
| 2013-10-31 | ฿371.32 Million | +35.12% |
| 2012-10-31 | ฿274.81 Million | +6.60% |
| 2011-10-31 | ฿257.79 Million | +6.78% |
| 2010-10-31 | ฿241.43 Million | +4.98% |
| 2009-10-31 | ฿229.99 Million | +10.65% |
| 2008-10-31 | ฿207.85 Million | +20.10% |
| 2007-10-31 | ฿173.06 Million | -8.66% |
| 2006-10-31 | ฿189.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tapaco 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 238.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿200.70 Million | 23.25% |
| Common Stock | ฿411.86 Million | 47.71% |
| Other Comprehensive Income | ฿-86.48 Million | -10.02% |
| Other Components | ฿337.19 Million | 39.06% |
| Total Equity | ฿863.27 Million | 100.00% |
Tapaco Public Company Limited Competitors by Market Cap
The table below lists competitors of Tapaco Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eksons Corp Bhd
KLSE:9016
|
$2.94 Million |
|
Truscott Mining Corporation Ltd
AU:TRM
|
$2.94 Million |
|
Carzo Holdings Bhd
KLSE:03048
|
$2.94 Million |
|
MapsPeople A/S
CO:MAPS
|
$2.95 Million |
|
Super Group Ltd.
JSE:SPG
|
$2.94 Million |
|
Neto M.E Holdings Ltd
TA:NTO
|
$2.94 Million |
|
Dpi Holdings Berhad
KLSE:0205
|
$2.94 Million |
|
Sporting Clube de Braga - Futebol SAD
LS:SCB
|
$2.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tapaco Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 991,543,000 to 863,274,000, a change of -128,269,000 (-12.9%).
- Net loss of 76,672,000 reduced equity.
- Dividend payments of 8,237,000 reduced retained earnings.
- Other comprehensive income decreased equity by 40,730,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-76.67 Million | -8.88% |
| Dividends Paid | ฿8.24 Million | -0.95% |
| Other Comprehensive Income | ฿-40.73 Million | -4.72% |
| Other Changes | ฿-2.63 Million | -0.3% |
| Total Change | ฿- | -12.94% |
Book Value vs Market Value Analysis
This analysis compares Tapaco 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: 0.26x
- 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 0.46x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-10-31 | ฿1.16 | ฿0.54 | x |
| 2007-10-31 | ฿1.11 | ฿0.54 | x |
| 2008-10-31 | ฿1.24 | ฿0.54 | x |
| 2009-10-31 | ฿1.36 | ฿0.54 | x |
| 2010-10-31 | ฿1.55 | ฿0.54 | x |
| 2011-10-31 | ฿1.46 | ฿0.54 | x |
| 2012-10-31 | ฿1.37 | ฿0.54 | x |
| 2013-10-31 | ฿1.61 | ฿0.54 | x |
| 2014-10-31 | ฿1.07 | ฿0.54 | x |
| 2015-10-31 | ฿1.26 | ฿0.54 | x |
| 2016-10-31 | ฿1.76 | ฿0.54 | x |
| 2017-10-31 | ฿2.33 | ฿0.54 | x |
| 2018-10-31 | ฿2.19 | ฿0.54 | x |
| 2019-10-31 | ฿2.48 | ฿0.54 | x |
| 2020-10-31 | ฿2.29 | ฿0.54 | x |
| 2021-10-31 | ฿2.20 | ฿0.54 | x |
| 2022-10-31 | ฿2.41 | ฿0.54 | x |
| 2023-10-31 | ฿2.10 | ฿0.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tapaco 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): -8.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.29%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.12x
- Recent ROE (-8.88%) is below the historical average (9.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.26% | 5.07% | 1.10x | 2.39x | ฿5.82 Million |
| 2007 | 1.11% | 0.44% | 1.05x | 2.39x | ฿-15.21 Million |
| 2008 | 12.46% | 5.55% | 1.04x | 2.15x | ฿4.70 Million |
| 2009 | 17.26% | 9.06% | 0.98x | 1.94x | ฿15.11 Million |
| 2010 | 19.33% | 9.23% | 1.00x | 2.09x | ฿22.29 Million |
| 2011 | 15.55% | 7.45% | 0.98x | 2.13x | ฿14.21 Million |
| 2012 | 17.08% | 8.15% | 1.00x | 2.10x | ฿19.35 Million |
| 2013 | 4.99% | 3.46% | 0.76x | 1.90x | ฿-18.51 Million |
| 2014 | 8.53% | 5.08% | 0.71x | 2.36x | ฿-5.64 Million |
| 2015 | 6.61% | 3.88% | 0.71x | 2.39x | ฿-13.73 Million |
| 2016 | 19.80% | 7.06% | 1.04x | 2.71x | ฿55.92 Million |
| 2017 | 18.96% | 8.98% | 1.13x | 1.87x | ฿99.61 Million |
| 2018 | 7.13% | 3.50% | 0.98x | 2.08x | ฿-28.95 Million |
| 2019 | 7.78% | 4.36% | 0.78x | 2.30x | ฿-22.57 Million |
| 2020 | -5.24% | -2.80% | 0.79x | 2.38x | ฿-143.77 Million |
| 2021 | -1.70% | -0.60% | 0.94x | 3.01x | ฿-106.21 Million |
| 2022 | 10.68% | 3.97% | 1.12x | 2.40x | ฿6.72 Million |
| 2023 | -8.88% | -4.29% | 0.98x | 2.12x | ฿-163.00 Million |
Industry Comparison
This section compares Tapaco Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $16,059,470,964
- Average return on equity (ROE) among peers: 3.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tapaco Public Company Limited (TAPAC) | ฿884.58 Million | 13.26% | 1.07x | $2.94 Million |
| Advanced Connection Corporation Public Company Limited (ACC) | $706.46 Million | 8.21% | 0.17x | $17.25 Million |
| Berli Jucker PCL (BJC) | $126.20 Billion | 3.17% | 1.67x | $316.94 Million |
| Eastern Technical Engineering Public Company Limited (ETE) | $58.10 Million | 13.78% | 9.72x | $4.01 Million |
| Forth Corporation Public Company Limited (FORTH) | $2.72 Billion | 9.98% | 2.00x | $62.80 Million |
| Loxley Public Company Limited (LOXLEY) | $4.26 Billion | 14.55% | 1.12x | $56.12 Million |
| MBK Public Company Limited (MBK) | $7.29 Billion | 11.11% | 1.05x | $228.06 Million |
| Precise Corporation Public Company Limited (PCC) | $643.50 Million | 8.95% | 0.95x | $48.96 Million |
| Rabbit Holdings PCL (RABBIT) | $310.77 Million | -34.85% | 5.65x | $29.29 Million |
| Siamraj Public Company Limited (SR) | $827.66 Million | -7.80% | 2.26x | $1.86 Million |
| Saha-Union Public Company Limited (SUC) | $17.58 Billion | 6.99% | 0.32x | $114.86 Million |