Thaifoods Group Public Company Limited (TFG-R) - Net Assets

Latest as of March 2026: ฿22.35 Billion THB ≈ $696.76 Million USD

Based on the latest financial reports, Thaifoods Group Public Company Limited (TFG-R) has net assets worth ฿22.35 Billion THB (≈ $696.76 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿49.28 Billion ≈ $1.54 Billion USD) and total liabilities (฿26.92 Billion ≈ $839.12 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 how tangible is Thaifoods Group Public Company Limited's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿22.35 Billion
% of Total Assets	45.37%
Annual Growth Rate	21.75%
5-Year Change	73.57%
10-Year Change	227.78%
Growth Volatility	19.4

Thaifoods Group Public Company Limited - Net Assets Trend (2012–2025)

This chart illustrates how Thaifoods Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Thaifoods Group Public Company Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Thaifoods Group Public Company Limited (2012–2025)

The table below shows the annual net assets of Thaifoods Group Public Company Limited from 2012 to 2025. For live valuation and market cap data, see Thaifoods Group Public Company Limited (TFG-R) total market value.

Year	Net Assets	Change
2025-12-31	฿20.08 Billion ≈ $625.98 Million	+21.72%
2024-12-31	฿16.50 Billion ≈ $514.27 Million	+20.47%
2023-12-31	฿13.70 Billion ≈ $426.89 Million	-12.13%
2022-12-31	฿15.59 Billion ≈ $485.83 Million	+34.71%
2021-12-31	฿11.57 Billion ≈ $360.64 Million	+3.86%
2020-12-31	฿11.14 Billion ≈ $347.23 Million	+12.69%
2019-12-31	฿9.89 Billion ≈ $308.13 Million	+26.17%
2018-12-31	฿7.84 Billion ≈ $244.22 Million	+6.30%
2017-12-31	฿7.37 Billion ≈ $229.75 Million	+20.30%
2016-12-31	฿6.13 Billion ≈ $190.98 Million	+31.70%
2015-12-31	฿4.65 Billion ≈ $145.01 Million	+19.35%
2014-12-31	฿3.90 Billion ≈ $121.50 Million	+50.59%
2013-12-31	฿2.59 Billion ≈ $80.69 Million	+66.53%
2012-12-31	฿1.55 Billion ≈ $48.45 Million	--

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 1108782949900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿10.34 Billion	51.49%
Common Stock	฿5.82 Billion	28.99%
Other Comprehensive Income	฿1.23 Billion	6.10%
Other Components	฿2.69 Billion	13.41%
Total Equity	฿20.09 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
Thanachart Capital Public Company Limited BK:TCAP-R	$1.68 Billion
Vimian Group AB ST:VIMIAN	$1.68 Billion
Anhui Honglu Steel Construction Group Co Ltd SHE:002541	$1.68 Billion
Welspun Living Limited NSE:WELSPUNLIV	$1.68 Billion
Zhuhai Orbita Control Eng SHE:300053	$1.67 Billion
RLX Technology Inc NYSE:RLX	$1.67 Billion
Shenzhen MeiG Smart Technology Co Ltd SHE:002881	$1.67 Billion
DRDGOLD Limited JSE:DRD	$1.67 Billion

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 2024 to 2025, total equity changed from 16,448,474,000 to 20,085,656,000, a change of 3,637,182,000 (22.1%).
Net income of 7,440,837,000 contributed positively to equity growth.
Dividend payments of 3,635,656,000 reduced retained earnings.
New share issuances of 2,800,000 increased equity.
Other comprehensive income increased equity by 596,365,000.
Other factors decreased equity by 767,164,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿7.44 Billion	+37.05%
Dividends Paid	฿3.64 Billion	-18.1%
Share Issuances	฿2.80 Million	+0.01%
Other Comprehensive Income	฿596.37 Million	+2.97%
Other Changes	฿-767.16 Million	-3.82%
Total Change	฿-	22.11%

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: 2.67x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.07x to 2.67x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿125.22	฿9.05	x
2013-12-31	฿1.02	฿9.05	x
2014-12-31	฿1.22	฿9.05	x
2015-12-31	฿1.09	฿9.05	x
2016-12-31	฿1.15	฿9.05	x
2017-12-31	฿1.36	฿9.05	x
2018-12-31	฿1.47	฿9.05	x
2019-12-31	฿1.82	฿9.05	x
2020-12-31	฿1.98	฿9.05	x
2021-12-31	฿2.06	฿9.05	x
2022-12-31	฿2.76	฿9.05	x
2023-12-31	฿2.38	฿9.05	x
2024-12-31	฿2.82	฿9.05	x
2025-12-31	฿3.39	฿9.05	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): 37.05%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.22%
• Asset Turnover: 1.52x
• Equity Multiplier: 2.38x
Recent ROE (37.05%) is above the historical average (10.97%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	-51.67%	-10.44%	1.17x	4.24x	฿-1.13 Billion
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
2025	37.05%	10.22%	1.52x	2.38x	฿5.43 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: $66,815,248,605
Average return on equity (ROE) among peers: 12.59%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thaifoods Group Public Company Limited (TFG-R)	฿22.35 Billion	-51.67%	1.20x	$1.67 Billion
Ai Energy Public Company Limited (AIE)	$2.00 Billion	-1.10%	0.24x	$48.75 Million
Agripure Holdings Public Company Limited (APURE)	$2.61 Billion	10.67%	0.16x	$59.11 Million
Bangkok Ranch PCL (BR)	$4.46 Billion	4.77%	0.93x	$53.81 Million
Charoen Pokphand Foods Public Company Limited (CPF)	$262.18 Billion	16.82%	1.91x	$4.57 Billion
Chumporn Palm Oil Industry Public Company Limited (CPI)	$1.96 Billion	8.10%	1.10x	$68.24 Million
Lam Soon (Thailand) Public Company Limited (LST)	$4.29 Billion	8.93%	0.33x	$120.13 Million
Thaifoods Group Public Company Limited (TFG)	$15.59 Billion	30.29%	1.93x	$1.64 Billion
T S Flour Mill Public Company Limited (TMILL)	$307.94 Billion	11.21%	1.59x	$30.07 Million
Thai Sugar Terminal Public Company Limited (TSTE)	$301.06 Million	23.66%	0.10x	$126.65 Million

About Thaifoods Group Public Company Limited

BK:TFG-R Thailand Farm Products

Market Cap

$1.67 Billion

฿53.72 Billion THB

Market Cap Rank

#6930 Global

#48 in Thailand

Share Price

฿9.05

Change (1 day)

+0.00%

52-Week Range

฿4.07 - ฿10.20

All Time High

฿10.20