Thanachart Capital Public Company Limited

BK:TCAP Thailand Credit Services
Market Cap
$1.69 Billion
฿58.72 Billion THB
Market Cap Rank
#6674 Global
#17 in Thailand
Share Price
฿56.00
Change (1 day)
+0.45%
52-Week Range
฿44.50 - ฿62.50
All Time High
฿62.50
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

Thanachart Capital Public Company Limited (TCAP) - Net Assets

Latest net assets as of September 2025: ฿84.34 Billion THB

Based on the latest financial reports, Thanachart Capital Public Company Limited (TCAP) has net assets worth ฿84.34 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 (฿153.73 Billion) and total liabilities (฿69.40 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 ฿84.34 Billion
% of Total Assets 54.86%
Annual Growth Rate 6.92%
5-Year Change 8.49%
10-Year Change -29.08%
Growth Volatility 17.65

Thanachart Capital Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thanachart Capital 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 Thanachart Capital Public Company Limited (2000–2024)

The table below shows the annual net assets of Thanachart Capital Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿78.95 Billion +3.73%
2023-12-31 ฿76.11 Billion +4.93%
2022-12-31 ฿72.53 Billion -2.17%
2021-12-31 ฿74.14 Billion +1.89%
2020-12-31 ฿72.77 Billion -1.74%
2019-12-31 ฿74.06 Billion -46.30%
2018-12-31 ฿137.92 Billion +6.03%
2017-12-31 ฿130.07 Billion +8.53%
2016-12-31 ฿119.85 Billion +7.66%
2015-12-31 ฿111.32 Billion +6.76%
2014-12-31 ฿104.28 Billion +9.26%
2013-12-31 ฿95.44 Billion +13.90%
2012-12-31 ฿83.79 Billion +10.71%
2011-12-31 ฿75.68 Billion +5.53%
2010-12-31 ฿71.72 Billion +51.28%
2009-12-31 ฿47.41 Billion +46.49%
2008-12-31 ฿32.36 Billion +0.31%
2007-12-31 ฿32.26 Billion +34.60%
2006-12-31 ฿23.97 Billion +2.50%
2005-12-31 ฿23.39 Billion +8.80%
2004-12-31 ฿21.49 Billion +8.69%
2003-12-31 ฿19.78 Billion +7.01%
2002-12-31 ฿18.48 Billion +13.51%
2001-12-31 ฿16.28 Billion +2.65%
2000-12-31 ฿15.86 Billion --

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 6325706600000.0% 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%
Common Stock ฿10.49 Billion 14.34%
Other Comprehensive Income ฿1.28 Billion 1.75%
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
Shanghai Zhonggu Logistics Co Ltd
SHG:603565
 		$1.18 Billion
Beach Energy Limited
F:BPS
 		$1.18 Billion
Brederode
LSE:0QWB
 		$1.18 Billion
Kunshan Kinglai Hygienic Materials Co Ltd
SHE:300260
 		$1.18 Billion
Enviri Corporation
NYSE:NVRI
 		$1.18 Billion
Zip Co Limited
PINK:ZIZTF
 		$1.18 Billion
Shenzhen Sed Industry Co Ltd
SHE:000032
 		$1.18 Billion
Deluxe Corporation
NYSE:DLX
 		$1.18 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.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿6.65 Billion +9.09%
Dividends Paid ฿3.41 Billion -4.66%
Other Changes ฿-307.18 Million -0.42%
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: 0.80x
  • 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 3.60x to 0.80x 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 ฿56.00 x
2005-12-31 ฿16.98 ฿56.00 x
2006-12-31 ฿17.33 ฿56.00 x
2007-12-31 ฿19.66 ฿56.00 x
2008-12-31 ฿19.96 ฿56.00 x
2009-12-31 ฿26.04 ฿56.00 x
2010-12-31 ฿28.24 ฿56.00 x
2011-12-31 ฿29.94 ฿56.00 x
2012-12-31 ฿33.47 ฿56.00 x
2013-12-31 ฿38.44 ฿56.00 x
2014-12-31 ฿42.56 ฿56.00 x
2015-12-31 ฿44.66 ฿56.00 x
2016-12-31 ฿48.83 ฿56.00 x
2017-12-31 ฿53.23 ฿56.00 x
2018-12-31 ฿56.48 ฿56.00 x
2019-12-31 ฿57.46 ฿56.00 x
2020-12-31 ฿59.42 ฿56.00 x
2021-12-31 ฿62.10 ฿56.00 x
2022-12-31 ฿63.67 ฿56.00 x
2023-12-31 ฿66.94 ฿56.00 x
2024-12-31 ฿69.73 ฿56.00 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 (11.03%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 3.09% 6.42% 0.08x 6.19x ฿-1.10 Billion
2002 9.53% 18.80% 0.07x 6.94x ฿-85.82 Million
2003 13.87% 20.41% 0.08x 8.72x ฿744.66 Million
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: $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
Thanachart Capital Public Company Limited (TCAP) ฿84.34 Billion 3.09% 0.82x $1.18 Billion
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