Thai Coating Industrial Public Company Limited (TCOAT) - Net Assets
Based on the latest financial reports, Thai Coating Industrial Public Company Limited (TCOAT) has net assets worth ฿547.80 Million THB (≈ $17.07 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 (฿648.41 Million ≈ $20.21 Million USD) and total liabilities (฿100.61 Million ≈ $3.14 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 Thai Coating Industrial Public Company L strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿547.80 Million |
| % of Total Assets | 84.48% |
| Annual Growth Rate | 3.5% |
| 5-Year Change | -1.85% |
| 10-Year Change | 15.31% |
| Growth Volatility | 4.06 |
Thai Coating Industrial Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thai Coating Industrial Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TCOAT market cap.
Annual Net Assets for Thai Coating Industrial Public Company Limited (2000–2024)
The table below shows the annual net assets of Thai Coating Industrial Public Company Limited from 2000 to 2024. Also explore Thai Coating Industrial Public Company L net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿546.96 Million ≈ $17.05 Million |
-0.16% |
| 2023-12-31 | ฿547.85 Million ≈ $17.08 Million |
+0.42% |
| 2022-12-31 | ฿545.55 Million ≈ $17.00 Million |
-1.38% |
| 2021-12-31 | ฿553.16 Million ≈ $17.24 Million |
-0.73% |
| 2020-12-31 | ฿557.25 Million ≈ $17.37 Million |
+1.03% |
| 2019-12-31 | ฿551.58 Million ≈ $17.19 Million |
+1.68% |
| 2018-12-31 | ฿542.48 Million ≈ $16.91 Million |
+4.87% |
| 2017-12-31 | ฿517.30 Million ≈ $16.12 Million |
+0.71% |
| 2016-12-31 | ฿513.68 Million ≈ $16.01 Million |
+8.30% |
| 2015-12-31 | ฿474.32 Million ≈ $14.78 Million |
+5.48% |
| 2014-12-31 | ฿449.67 Million ≈ $14.02 Million |
-3.56% |
| 2013-12-31 | ฿466.25 Million ≈ $14.53 Million |
+3.92% |
| 2012-12-31 | ฿448.64 Million ≈ $13.98 Million |
+3.18% |
| 2011-12-31 | ฿434.81 Million ≈ $13.55 Million |
-2.28% |
| 2010-12-31 | ฿444.96 Million ≈ $13.87 Million |
+2.03% |
| 2009-12-31 | ฿436.11 Million ≈ $13.59 Million |
+10.16% |
| 2008-12-31 | ฿395.88 Million ≈ $12.34 Million |
+2.32% |
| 2007-12-31 | ฿386.91 Million ≈ $12.06 Million |
+7.73% |
| 2006-12-31 | ฿359.17 Million ≈ $11.19 Million |
+3.46% |
| 2005-12-31 | ฿347.15 Million ≈ $10.82 Million |
+4.41% |
| 2004-12-31 | ฿332.49 Million ≈ $10.36 Million |
+13.46% |
| 2003-12-31 | ฿293.05 Million ≈ $9.13 Million |
+5.96% |
| 2002-12-31 | ฿276.56 Million ≈ $8.62 Million |
+7.11% |
| 2001-12-31 | ฿258.22 Million ≈ $8.05 Million |
+7.70% |
| 2000-12-31 | ฿239.75 Million ≈ $7.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Coating Industrial 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 656.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿325.93 Million | 62.57% |
| Common Stock | ฿105.00 Million | 20.16% |
| Other Comprehensive Income | ฿20.00 Million | 3.84% |
| Other Components | ฿70.00 Million | 13.44% |
| Total Equity | ฿520.93 Million | 100.00% |
Thai Coating Industrial Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Coating Industrial Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lien Hoe Corporation Bhd
KLSE:3573
|
$8.35 Million |
|
Airway
WAR:AWM
|
$8.35 Million |
|
SWS Capital Bhd
KLSE:7186
|
$8.35 Million |
|
Barunson Entertainment & Arts Corporation
KQ:035620
|
$8.35 Million |
|
BEDFORD METALS CORP.
F:O8D
|
$8.34 Million |
|
Moatable Inc
NYSE:MTBLY
|
$8.34 Million |
|
Batero Gold Corp
V:BAT
|
$8.33 Million |
|
Toyo Ventures Holdings Bhd
KLSE:7173
|
$8.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Coating Industrial Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 522,677,000 to 520,929,000, a change of -1,748,000 (-0.3%).
- Net income of 3,502,000 contributed positively to equity growth.
- Dividend payments of 5,246,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.50 Million | +0.67% |
| Dividends Paid | ฿5.25 Million | -1.01% |
| Other Changes | ฿-4.00K | -0.0% |
| Total Change | ฿- | -0.33% |
Book Value vs Market Value Analysis
This analysis compares Thai Coating Industrial 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: 0.51x
- 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 0.80x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿31.78 | ฿25.50 | x |
| 2007-12-31 | ฿34.32 | ฿25.50 | x |
| 2008-12-31 | ฿35.00 | ฿25.50 | x |
| 2009-12-31 | ฿38.21 | ฿25.50 | x |
| 2010-12-31 | ฿39.27 | ฿25.50 | x |
| 2011-12-31 | ฿33.26 | ฿25.50 | x |
| 2012-12-31 | ฿39.84 | ฿25.50 | x |
| 2013-12-31 | ฿41.45 | ฿25.50 | x |
| 2014-12-31 | ฿40.42 | ฿25.50 | x |
| 2015-12-31 | ฿42.68 | ฿25.50 | x |
| 2016-12-31 | ฿46.38 | ฿25.50 | x |
| 2017-12-31 | ฿47.16 | ฿25.50 | x |
| 2018-12-31 | ฿49.53 | ฿25.50 | x |
| 2019-12-31 | ฿50.27 | ฿25.50 | x |
| 2020-12-31 | ฿50.68 | ฿25.50 | x |
| 2021-12-31 | ฿50.20 | ฿25.50 | x |
| 2022-12-31 | ฿49.47 | ฿25.50 | x |
| 2023-12-31 | ฿49.78 | ฿25.50 | x |
| 2024-12-31 | ฿49.61 | ฿25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Coating Industrial 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): 0.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.51%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.24x
- Recent ROE (0.67%) is below the historical average (5.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.06% | 7.55% | 0.91x | 2.35x | ฿13.61 Million |
| 2001 | 6.98% | 3.82% | 0.84x | 2.17x | ฿-7.29 Million |
| 2002 | 6.48% | 3.99% | 0.86x | 1.88x | ฿-9.08 Million |
| 2003 | 6.38% | 3.84% | 0.98x | 1.70x | ฿-9.97 Million |
| 2004 | 11.50% | 5.67% | 1.21x | 1.68x | ฿4.68 Million |
| 2005 | 6.77% | 3.28% | 1.33x | 1.55x | ฿-10.43 Million |
| 2006 | 4.72% | 2.06% | 1.42x | 1.62x | ฿-17.60 Million |
| 2007 | 7.41% | 3.77% | 1.41x | 1.40x | ฿-9.32 Million |
| 2008 | 4.80% | 2.43% | 1.44x | 1.38x | ฿-19.10 Million |
| 2009 | 9.68% | 5.70% | 1.19x | 1.42x | ฿-1.27 Million |
| 2010 | 5.27% | 3.06% | 1.23x | 1.40x | ฿-19.51 Million |
| 2011 | 3.15% | 1.59% | 1.32x | 1.51x | ฿-27.73 Million |
| 2012 | 5.31% | 2.79% | 1.20x | 1.58x | ฿-19.61 Million |
| 2013 | 4.36% | 2.28% | 1.25x | 1.53x | ฿-24.55 Million |
| 2014 | -0.95% | -0.48% | 1.34x | 1.48x | ฿-46.47 Million |
| 2015 | 6.00% | 3.60% | 1.27x | 1.31x | ฿-17.94 Million |
| 2016 | 9.18% | 6.16% | 1.22x | 1.22x | ฿-4.01 Million |
| 2017 | 3.36% | 2.38% | 1.15x | 1.23x | ฿-32.88 Million |
| 2018 | 6.08% | 4.27% | 1.13x | 1.26x | ฿-20.39 Million |
| 2019 | 1.38% | 0.94% | 1.22x | 1.20x | ฿-45.49 Million |
| 2020 | 2.28% | 1.75% | 1.00x | 1.30x | ฿-41.06 Million |
| 2021 | 0.83% | 0.61% | 1.10x | 1.24x | ฿-48.32 Million |
| 2022 | -1.18% | -0.77% | 1.23x | 1.25x | ฿-58.06 Million |
| 2023 | 0.61% | 0.46% | 1.09x | 1.21x | ฿-49.08 Million |
| 2024 | 0.67% | 0.51% | 1.07x | 1.24x | ฿-48.59 Million |
Industry Comparison
This section compares Thai Coating Industrial Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,490,111,392
- Average return on equity (ROE) among peers: 4.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Coating Industrial Public Company Limited (TCOAT) | ฿547.80 Million | 16.06% | 0.18x | $8.35 Million |
| A.J. Plast Public Company Limited (AJ) | $4.69 Billion | 11.36% | 1.03x | $66.56 Million |
| Crown Seal Public Company Limited (CSC) | $1.77 Billion | 11.87% | 0.29x | $75.37 Million |
| Multibax Public Company Limited (MBAX) | $479.92 Million | -4.16% | 2.16x | $13.13 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $653.40 Million | 0.00% | 1.94x | $15.95 Million |
| Prodigy Public Company Limited (PDG) | $576.96 Million | 11.42% | 0.16x | $29.62 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.37 Billion | 11.08% | 1.47x | $36.46 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.42 Billion | 1.72% | 1.31x | $92.05 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $-1.17 Billion | 0.00% | 0.00x | $157.73 Million |
| S. Pack & Print Public Company Limited (SPACK) | $605.74 Million | 1.13% | 1.38x | $15.15 Million |
About Thai Coating Industrial Public Company Limited
Thai Coating Industrial Public Company Limited, together with its subsidiaries, manufactures and sells plastic sack and beads in Thailand. The company was founded in 1978 and is headquartered in Si Maha Phot, Thailand.