Thaifoods Group Public Company Limited (TFG) - Net Assets
Based on the latest financial reports, Thaifoods Group Public Company Limited (TFG) has net assets worth ฿19.40 Billion THB (≈ $604.82 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 (฿45.14 Billion ≈ $1.41 Billion USD) and total liabilities (฿25.73 Billion ≈ $802.05 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 Thaifoods Group Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿19.40 Billion |
| % of Total Assets | 42.99% |
| Annual Growth Rate | 20.47% |
| 5-Year Change | 48.11% |
| 10-Year Change | 254.65% |
| Growth Volatility | 19.93 |
Thaifoods Group Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Thaifoods Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TFG current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Thaifoods Group Public Company Limited (2011–2024)
The table below shows the annual net assets of Thaifoods Group Public Company Limited from 2011 to 2024. For live valuation and market cap data, see market cap of Thaifoods Group Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
+6.12% |
| 2011-12-31 | ฿1.46 Billion ≈ $45.66 Million |
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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 543.4% 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% |
| Common Stock | ฿5.81 Billion | 35.33% |
| Other Comprehensive Income | ฿629.69 Million | 3.83% |
| Other Components | ฿3.18 Billion | 19.31% |
| 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 |
|---|---|
|
Sunstone Development Co Ltd
SHG:603612
|
$1.82 Billion |
|
Hebei Hengshui Laobaigan Liquor Co Ltd
SHG:600559
|
$1.82 Billion |
|
Suning Commerce Group Co Ltd
SHE:002024
|
$1.82 Billion |
|
Cury Construtora e Incorporadora S.A
SA:CURY3
|
$1.82 Billion |
|
Shandong Yisheng Livestock & Poultry Breeding Co Ltd
SHE:002458
|
$1.81 Billion |
|
Yantai North Andre Juice Co Ltd
SHG:605198
|
$1.81 Billion |
|
Stellar Bancorp, Inc.
NYSE:STEL
|
$1.81 Billion |
|
Zhejiang Jingu Co Ltd
SHE:002488
|
$1.81 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 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 increased equity by 227,482,000.
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 | ฿227.48 Million | +1.38% |
| Other Changes | ฿-109.98 Million | -0.67% |
| 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: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.99x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.25 | ฿10.00 | x |
| 2013-12-31 | ฿1.02 | ฿10.00 | x |
| 2014-12-31 | ฿1.22 | ฿10.00 | x |
| 2015-12-31 | ฿1.09 | ฿10.00 | x |
| 2016-12-31 | ฿1.15 | ฿10.00 | x |
| 2017-12-31 | ฿1.36 | ฿10.00 | x |
| 2018-12-31 | ฿1.47 | ฿10.00 | x |
| 2019-12-31 | ฿1.82 | ฿10.00 | x |
| 2020-12-31 | ฿1.98 | ฿10.00 | x |
| 2021-12-31 | ฿2.06 | ฿10.00 | x |
| 2022-12-31 | ฿2.76 | ฿10.00 | x |
| 2023-12-31 | ฿2.38 | ฿10.00 | x |
| 2024-12-31 | ฿2.82 | ฿10.00 | 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 (8.96%), 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 |
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: $5,101,805,212
- Average return on equity (ROE) among peers: 7.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thaifoods Group Public Company Limited (TFG) | ฿19.40 Billion | -51.67% | 1.33x | $1.82 Billion |
| Ai Energy Public Company Limited (AIE) | $2.02 Billion | 1.08% | 0.23x | $50.04 Million |
| Agripure Holdings Public Company Limited (APURE) | $1.65 Billion | 7.23% | 0.10x | $61.43 Million |
| Bangkok Ranch PCL (BR) | $1.62 Billion | -4.40% | 0.41x | $47.26 Million |
| Charoen Pokphand Foods Public Company Limited (CPF) | $26.75 Billion | 9.75% | 1.14x | $4.65 Billion |
| Chumporn Palm Oil Industry Public Company Limited (CPI) | $1.77 Billion | -0.92% | 1.70x | $67.06 Million |
| Lam Soon (Thailand) Public Company Limited (LST) | $3.96 Billion | 9.64% | 0.30x | $118.59 Million |
| Thaifoods Group Public Company Limited (TFG-R) | $3.90 Billion | 23.66% | 2.41x | $907.52 Million |
| T S Flour Mill Public Company Limited (TMILL) | $547.26 Million | 16.45% | 0.88x | $26.84 Million |
| Thai Sugar Terminal Public Company Limited (TSTE) | $3.69 Billion | 4.48% | 0.38x | $120.67 Million |
About 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