Thanachart Capital Public Company Limited (TCAP-R) - Net Assets

Latest as of June 2025: ฿81.70 Billion THB ≈ $2.55 Billion USD

Based on the latest financial reports, Thanachart Capital Public Company Limited (TCAP-R) has net assets worth ฿81.70 Billion THB (≈ $2.55 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿157.97 Billion ≈ $4.92 Billion USD) and total liabilities (฿76.27 Billion ≈ $2.38 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 TCAP-R asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿81.70 Billion
% of Total Assets 51.72%
Annual Growth Rate 6.72%
5-Year Change 8.49%
10-Year Change -29.08%
Growth Volatility 19.25

Thanachart Capital Public Company Limited - Net Assets Trend (2004–2024)

This chart illustrates how Thanachart Capital Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thanachart Capital Public Company Limite balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Thanachart Capital Public Company Limited (2004–2024)

The table below shows the annual net assets of Thanachart Capital Public Company Limited from 2004 to 2024. For live valuation and market cap data, see Thanachart Capital Public Company Limite market cap and net worth.

Year Net Assets Change
2024-12-31 ฿78.95 Billion
≈ $2.46 Billion		 +3.73%
2023-12-31 ฿76.11 Billion
≈ $2.37 Billion		 +4.93%
2022-12-31 ฿72.53 Billion
≈ $2.26 Billion		 -2.17%
2021-12-31 ฿74.14 Billion
≈ $2.31 Billion		 +1.89%
2020-12-31 ฿72.77 Billion
≈ $2.27 Billion		 -1.74%
2019-12-31 ฿74.06 Billion
≈ $2.31 Billion		 -46.30%
2018-12-31 ฿137.92 Billion
≈ $4.30 Billion		 +6.03%
2017-12-31 ฿130.07 Billion
≈ $4.05 Billion		 +8.53%
2016-12-31 ฿119.85 Billion
≈ $3.74 Billion		 +7.66%
2015-12-31 ฿111.32 Billion
≈ $3.47 Billion		 +6.76%
2014-12-31 ฿104.28 Billion
≈ $3.25 Billion		 +9.26%
2013-12-31 ฿95.44 Billion
≈ $2.97 Billion		 +13.90%
2012-12-31 ฿83.79 Billion
≈ $2.61 Billion		 +10.71%
2011-12-31 ฿75.68 Billion
≈ $2.36 Billion		 +5.53%
2010-12-31 ฿71.72 Billion
≈ $2.24 Billion		 +51.28%
2009-12-31 ฿47.41 Billion
≈ $1.48 Billion		 +46.49%
2008-12-31 ฿32.36 Billion
≈ $1.01 Billion		 +0.31%
2007-12-31 ฿32.26 Billion
≈ $1.01 Billion		 +34.60%
2006-12-31 ฿23.97 Billion
≈ $747.12 Million		 +2.50%
2005-12-31 ฿23.39 Billion
≈ $728.91 Million		 +8.80%
2004-12-31 ฿21.49 Billion
≈ $669.94 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Thanachart Capital 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 1080.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿63.26 Billion 86.51%
Other Components ฿9.87 Billion 13.49%
Total Equity ฿73.12 Billion 100.00%

Thanachart Capital Public Company Limited Competitors by Market Cap

The table below lists competitors of Thanachart Capital Public Company Limited ranked by their market capitalization.

Company Market Cap
Stx Engine
KO:077970
 $1.68 Billion
Beijer Alma AB (publ)
ST:BEIA-B
 $1.68 Billion
Okeanis Eco Tankers Corp.
NYSE:ECO
 $1.68 Billion
Yinbang Clad Material
SHE:300337
 $1.68 Billion
Shanghai Yizhong Pharmaceutical Co Ltd
SHG:688091
 $1.67 Billion
Com7 PCL
BK:COM7
 $1.67 Billion
CMST Development Co Ltd
SHG:600787
 $1.67 Billion
GIMV NV
BR:GIMB
 $1.67 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thanachart Capital Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 70,191,491,000 to 73,124,066,000, a change of 2,932,575,000 (4.2%).
  • Net income of 6,646,024,000 contributed positively to equity growth.
  • Dividend payments of 3,406,273,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 1,277,830,000.
  • Other factors increased equity by 970,654,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿6.65 Billion +9.09%
Dividends Paid ฿3.41 Billion -4.66%
Other Comprehensive Income ฿-1.28 Billion -1.75%
Other Changes ฿970.65 Million +1.33%
Total Change ฿- 4.18%

Book Value vs Market Value Analysis

This analysis compares Thanachart Capital 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: 0.73x
  • 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 3.29x to 0.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 ฿15.56 ฿51.25 x
2005-12-31 ฿16.98 ฿51.25 x
2006-12-31 ฿17.33 ฿51.25 x
2007-12-31 ฿19.66 ฿51.25 x
2008-12-31 ฿19.96 ฿51.25 x
2009-12-31 ฿26.04 ฿51.25 x
2010-12-31 ฿28.24 ฿51.25 x
2011-12-31 ฿29.94 ฿51.25 x
2012-12-31 ฿33.47 ฿51.25 x
2013-12-31 ฿38.44 ฿51.25 x
2014-12-31 ฿42.56 ฿51.25 x
2015-12-31 ฿44.66 ฿51.25 x
2016-12-31 ฿48.83 ฿51.25 x
2017-12-31 ฿53.23 ฿51.25 x
2018-12-31 ฿56.48 ฿51.25 x
2019-12-31 ฿57.46 ฿51.25 x
2020-12-31 ฿59.42 ฿51.25 x
2021-12-31 ฿62.10 ฿51.25 x
2022-12-31 ฿63.67 ฿51.25 x
2023-12-31 ฿66.94 ฿51.25 x
2024-12-31 ฿69.73 ฿51.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thanachart Capital 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): 9.09%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 42.02%
  • • Asset Turnover: 0.10x
  • • Equity Multiplier: 2.25x
  • Recent ROE (9.09%) is below the historical average (11.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 14.38% 28.41% 0.06x 8.92x ฿908.38 Million
2005 13.71% 0.00% 0.00x 10.07x ฿840.22 Million
2006 6.35% 10.17% 0.05x 12.41x ฿-842.57 Million
2007 10.75% 15.08% 0.06x 12.26x ฿196.92 Million
2008 12.57% 14.24% 0.06x 14.82x ฿683.27 Million
2009 15.33% 14.09% 0.08x 13.80x ฿1.78 Billion
2010 15.62% 18.09% 0.04x 24.44x ฿2.03 Billion
2011 13.08% 11.55% 0.05x 23.40x ฿1.18 Billion
2012 12.82% 11.12% 0.05x 23.94x ฿1.20 Billion
2013 19.49% 20.74% 0.04x 22.19x ฿4.49 Billion
2014 9.97% 11.60% 0.04x 19.97x ฿-15.10 Million
2015 10.32% 12.26% 0.04x 18.94x ฿169.20 Million
2016 10.57% 13.56% 0.05x 17.00x ฿323.64 Million
2017 11.29% 15.05% 0.05x 16.54x ฿799.13 Million
2018 11.93% 16.14% 0.05x 16.14x ฿1.27 Billion
2019 5.16% 24.72% 0.09x 2.44x ฿-3.18 Billion
2020 10.53% 40.92% 0.12x 2.22x ฿337.97 Million
2021 8.12% 35.33% 0.10x 2.19x ฿-1.22 Billion
2022 7.82% 37.03% 0.09x 2.35x ฿-1.46 Billion
2023 9.41% 58.37% 0.07x 2.31x ฿-416.19 Million
2024 9.09% 42.02% 0.10x 2.25x ฿-666.38 Million

Industry Comparison

This section compares Thanachart Capital Public Company Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

  • Industry: Credit Services
  • Average net assets among peers: $2,277,901,522
  • Average return on equity (ROE) among peers: 13.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thanachart Capital Public Company Limited (TCAP-R) ฿81.70 Billion 14.38% 0.93x $1.68 Billion
ASIA Capital Group Public Company Limited (ACAP) $1.25 Billion 20.47% 2.85x $4.18 Million
AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) $4.66 Billion 25.18% 5.75x $731.60 Million
AIRA Factoring Public Company Limited (AF) $332.27 Million 15.44% 3.78x $17.95 Million
Amanah Leasing Public Company Limited (AMANAH) $1.30 Billion 0.14% 0.02x $23.62 Million
Asia Sermkij Leasing Public Company Limited (ASK) $1.58 Billion 7.52% 4.99x $198.53 Million
Eastern Commercial Leasing Public Company Limited (ECL) $228.53 Million 5.18% 2.63x $29.03 Million
G Capital Public Company Limited (GCAP) $348.56 Million 15.75% 4.99x $4.05 Million
IFS Capital (Thailand) Public Company Limited (IFS) $827.31 Million 8.20% 1.73x $28.30 Million
JMT Network Services Public Company Limited (JMT) $1.94 Billion 15.00% 1.15x $445.89 Million
Krungthai Card PCL (KTC) $10.32 Billion 24.17% 5.62x $2.35 Billion

About Thanachart Capital Public Company Limited

BK:TCAP-R Thailand Credit Services
Market Cap
$1.68 Billion
฿53.74 Billion THB
Market Cap Rank
#6917 Global
#46 in Thailand
Share Price
฿51.25
Change (1 day)
+0.00%
52-Week Range
฿44.50 - ฿51.25
All Time High
฿51.25
Categories
Companies in Thailand Credit Services Banking & Financial
About

Thanachart Capital Public Company Limited, an investment holding company, offers various financial services in Thailand. It operates through The Company, Securities Business, Life Insurance Business, Non-Life Insurance Business, Asset Management Business, Hire Purchase and Leasing Business, and Other Businesses segments. The company engages in asset-based financing comprising term loan and workin… Read more