Thai Eastern Group Holdings PCL
Thai Eastern Group Holdings Public Company Limited, together with its subsidiaries, engages in the rubber, palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally. It produces and trades in concentrated latex, block rubber, and special grade block rubber products; and crude palm oil that is used in downstream, consumers products, and anima… Read more
Thai Eastern Group Holdings PCL (TEGH) - Net Assets
Latest net assets as of September 2025: ฿3.83 Billion THB
Based on the latest financial reports, Thai Eastern Group Holdings PCL (TEGH) has net assets worth ฿3.83 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 (฿7.98 Billion) and total liabilities (฿4.15 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 | ฿3.83 Billion |
| % of Total Assets | 47.98% |
| Annual Growth Rate | 17.47% |
| 5-Year Change | 152.34% |
| 10-Year Change | N/A |
| Growth Volatility | 22.6 |
Thai Eastern Group Holdings PCL - Net Assets Trend (2018–2024)
This chart illustrates how Thai Eastern Group Holdings PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai Eastern Group Holdings PCL (2018–2024)
The table below shows the annual net assets of Thai Eastern Group Holdings PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.63 Billion | +14.22% |
| 2023-12-31 | ฿3.18 Billion | -2.03% |
| 2022-12-31 | ฿3.25 Billion | +55.70% |
| 2021-12-31 | ฿2.08 Billion | +44.82% |
| 2020-12-31 | ฿1.44 Billion | -0.70% |
| 2019-12-31 | ฿1.45 Billion | +4.87% |
| 2018-12-31 | ฿1.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Eastern Group Holdings PCL'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 217.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.22 Billion | 33.63% |
| Other Components | ฿2.41 Billion | 66.37% |
| Total Equity | ฿3.63 Billion | 100.00% |
Thai Eastern Group Holdings PCL Competitors by Market Cap
The table below lists competitors of Thai Eastern Group Holdings PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seker Gayrimenkul Yatirim Ortakligi A.S.
IS:SEGYO
|
$27.36 Million |
|
Iskandar Waterfront City Bhd
KLSE:1589
|
$27.36 Million |
|
First Resource Bank
OTCQX:FRSB
|
$27.37 Million |
|
Seri Industrial S.p.A.
LSE:0Q98
|
$27.38 Million |
|
SRV Group plc
HE:SRV1V
|
$27.36 Million |
|
Poznanska Korporacja Budowlana Pekabex SA
WAR:PBX
|
$27.34 Million |
|
Jasper Therapeutics Inc
NASDAQ:JSPR
|
$27.33 Million |
|
Synergy Green Industries Limited
NSE:SGIL
|
$27.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Eastern Group Holdings PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,178,886,110 to 3,631,003,070, a change of 452,116,960 (14.2%).
- Net income of 556,328,874 contributed positively to equity growth.
- Dividend payments of 107,999,990 reduced retained earnings.
- Other comprehensive income decreased equity by 49,000,000.
- Other factors increased equity by 52,788,076.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿556.33 Million | +15.32% |
| Dividends Paid | ฿108.00 Million | -2.97% |
| Other Comprehensive Income | ฿-49.00 Million | -1.35% |
| Other Changes | ฿52.79 Million | +1.45% |
| Total Change | ฿- | 14.22% |
Book Value vs Market Value Analysis
This analysis compares Thai Eastern Group Holdings PCL'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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.85x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿1.23 | ฿3.50 | x |
| 2019-12-31 | ฿1.30 | ฿3.50 | x |
| 2020-12-31 | ฿1.33 | ฿3.50 | x |
| 2021-12-31 | ฿1.93 | ฿3.50 | x |
| 2022-12-31 | ฿3.00 | ฿3.50 | x |
| 2023-12-31 | ฿2.94 | ฿3.50 | x |
| 2024-12-31 | ฿3.36 | ฿3.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Eastern Group Holdings PCL 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): 15.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.30%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 2.65x
- Recent ROE (15.32%) is above the historical average (14.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 23.02% | 3.57% | 1.64x | 3.93x | ฿172.95 Million |
| 2019 | 3.76% | 0.65% | 1.52x | 3.79x | ฿-87.39 Million |
| 2020 | 2.61% | 0.46% | 1.55x | 3.68x | ฿-106.24 Million |
| 2021 | 27.00% | 5.07% | 1.71x | 3.11x | ฿354.18 Million |
| 2022 | 21.08% | 4.44% | 2.22x | 2.14x | ฿359.48 Million |
| 2023 | 6.76% | 1.77% | 1.64x | 2.33x | ฿-102.99 Million |
| 2024 | 15.32% | 3.30% | 1.75x | 2.65x | ฿193.23 Million |
Industry Comparison
This section compares Thai Eastern Group Holdings PCL's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Eastern Group Holdings PCL (TEGH) | ฿3.83 Billion | 23.02% | 1.08x | $27.36 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |