Thaifoods Group Public Company Limited
Thaifoods Group Public Company Limited, together with its subsidiaries, engages in the production and distribution of chicken and swine products in Thailand. The company operates through five segments: Poultry, Swine, Feed Mill, Retail, and Other. The company offers broiler chicks and chicken products. It also distributes frozen chicken products, and pork products; and beverage as well as feed mi… Read more
Thaifoods Group Public Company Limited (TFG-R) - Net Assets
Latest net assets as of June 2025: ฿19.10 Billion THB
Based on the latest financial reports, Thaifoods Group Public Company Limited (TFG-R) has net assets worth ฿19.10 Billion THB as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿45.29 Billion) and total liabilities (฿26.19 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 | ฿19.10 Billion |
| % of Total Assets | 42.18% |
| Annual Growth Rate | 18.34% |
| 5-Year Change | 48.11% |
| 10-Year Change | 254.65% |
| Growth Volatility | 16.12 |
Thaifoods Group Public Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Thaifoods Group 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 Thaifoods Group Public Company Limited (2013–2024)
The table below shows the annual net assets of Thaifoods Group Public Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿16.50 Billion | +20.47% |
| 2023-12-31 | ฿13.70 Billion | -12.13% |
| 2022-12-31 | ฿15.59 Billion | +34.71% |
| 2021-12-31 | ฿11.57 Billion | +3.86% |
| 2020-12-31 | ฿11.14 Billion | +12.69% |
| 2019-12-31 | ฿9.89 Billion | +26.17% |
| 2018-12-31 | ฿7.84 Billion | +6.30% |
| 2017-12-31 | ฿7.37 Billion | +20.30% |
| 2016-12-31 | ฿6.13 Billion | +31.70% |
| 2015-12-31 | ฿4.65 Billion | +19.35% |
| 2014-12-31 | ฿3.90 Billion | +50.59% |
| 2013-12-31 | ฿2.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thaifoods Group 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 2263.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.83 Billion | 41.53% |
| Other Components | ฿9.62 Billion | 58.47% |
| Total Equity | ฿16.45 Billion | 100.00% |
Thaifoods Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Thaifoods Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Santhera Pharmaceuticals Holding AG
PINK:SPHDF
|
$181.15 Million |
|
Eletromidia S.A
SA:ELMD3
|
$181.15 Million |
|
Shanghai Model Organisms Center Inc
SHG:688265
|
$181.19 Million |
|
Zhejiang Dibay Electric Co Ltd
SHG:603320
|
$181.20 Million |
|
Arch Resources Inc
NYSE:ARCH
|
$181.11 Million |
|
SinoDaan Co Ltd
SHE:300635
|
$181.08 Million |
|
Karmarts Public Company Limited
BK:KAMART
|
$181.06 Million |
|
TVZone Media Co Ltd
SHG:603721
|
$181.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thaifoods Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,680,834,000 to 16,448,474,000, a change of 2,767,640,000 (20.2%).
- Net income of 3,143,806,000 contributed positively to equity growth.
- Dividend payments of 493,866,000 reduced retained earnings.
- New share issuances of 200,000 increased equity.
- Other comprehensive income decreased equity by 402,211,000.
- Other factors increased equity by 519,711,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.14 Billion | +19.11% |
| Dividends Paid | ฿493.87 Million | -3.0% |
| Share Issuances | ฿200.00K | +0.0% |
| Other Comprehensive Income | ฿-402.21 Million | -2.45% |
| Other Changes | ฿519.71 Million | +3.16% |
| Total Change | ฿- | 20.23% |
Book Value vs Market Value Analysis
This analysis compares Thaifoods Group 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: 1.77x
- 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 4.91x to 1.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿1.02 | ฿5.00 | x |
| 2014-12-31 | ฿1.22 | ฿5.00 | x |
| 2015-12-31 | ฿1.09 | ฿5.00 | x |
| 2016-12-31 | ฿1.15 | ฿5.00 | x |
| 2017-12-31 | ฿1.36 | ฿5.00 | x |
| 2018-12-31 | ฿1.47 | ฿5.00 | x |
| 2019-12-31 | ฿1.82 | ฿5.00 | x |
| 2020-12-31 | ฿1.98 | ฿5.00 | x |
| 2021-12-31 | ฿2.06 | ฿5.00 | x |
| 2022-12-31 | ฿2.76 | ฿5.00 | x |
| 2023-12-31 | ฿2.38 | ฿5.00 | x |
| 2024-12-31 | ฿2.83 | ฿5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thaifoods Group 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): 19.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.80%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 2.81x
- Recent ROE (19.11%) is above the historical average (14.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 39.95% | 6.57% | 1.55x | 3.92x | ฿775.31 Million |
| 2014 | 23.66% | 5.40% | 1.28x | 3.41x | ฿532.38 Million |
| 2015 | -33.84% | -9.07% | 1.37x | 2.73x | ฿-2.04 Billion |
| 2016 | 23.61% | 7.01% | 1.32x | 2.55x | ฿834.10 Million |
| 2017 | 20.57% | 5.88% | 1.36x | 2.56x | ฿778.96 Million |
| 2018 | 8.24% | 2.31% | 1.23x | 2.90x | ฿-138.08 Million |
| 2019 | 14.57% | 4.98% | 1.27x | 2.30x | ฿451.41 Million |
| 2020 | 23.06% | 8.18% | 1.20x | 2.35x | ฿1.45 Billion |
| 2021 | 4.86% | 1.61% | 0.98x | 3.08x | ฿-593.93 Million |
| 2022 | 30.33% | 9.02% | 1.15x | 2.93x | ฿3.17 Billion |
| 2023 | -5.94% | -1.45% | 1.19x | 3.45x | ฿-2.18 Billion |
| 2024 | 19.11% | 4.80% | 1.42x | 2.81x | ฿1.50 Billion |
Industry Comparison
This section compares Thaifoods Group Public Company Limited's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,525,444,270
- Average return on equity (ROE) among peers: 7.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thaifoods Group Public Company Limited (TFG-R) | ฿19.10 Billion | 39.95% | 1.37x | $181.13 Million |
| Ai Energy Public Company Limited (AIE) | $1.76 Billion | -4.12% | 0.25x | $14.98 Million |
| Agripure Holdings Public Company Limited (APURE) | $299.14 Million | 0.00% | 0.71x | $10.98 Million |
| Bangkok Ranch PCL (BR) | $4.84 Billion | 11.45% | 0.91x | $25.75 Million |
| Betagro PCL (BTG) | $17.23 Billion | 11.13% | 1.24x | $390.00 Million |
| CHUWIT FARM (2019) PUBLIC COMPANY LIMITED (CFARM) | $425.82 Million | 5.16% | 0.81x | $3.75 Million |
| Chumporn Palm Oil Industry Public Company Limited (CPI) | $1.78 Billion | -1.03% | 1.00x | $27.92 Million |
| Food Moments PCL (FM) | $1.80 Billion | 0.00% | 0.56x | $42.28 Million |
| Lam Soon (Thailand) Public Company Limited (LST) | $3.22 Billion | 9.66% | 0.82x | $33.07 Million |
| PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITED (PCE) | $2.95 Billion | 10.52% | 0.92x | $46.88 Million |
| Premier Quality Starch PCL (PQS) | $930.78 Million | 33.72% | 0.68x | $9.79 Million |