Thai Film Industries Public Company Limited (TFI) - Net Assets
Based on the latest financial reports, Thai Film Industries Public Company Limited (TFI) has net assets worth ฿1.68 Billion THB (≈ $52.36 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 (฿2.48 Billion ≈ $77.22 Million USD) and total liabilities (฿797.57 Million ≈ $24.86 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 TFI capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.68 Billion |
| % of Total Assets | 67.81% |
| Annual Growth Rate | N/A |
| 5-Year Change | -35.0% |
| 10-Year Change | 172.1% |
| Growth Volatility | 539.01 |
Thai Film Industries Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Thai Film Industries Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TFI market cap overview.
Annual Net Assets for Thai Film Industries Public Company Limited (2000–2025)
The table below shows the annual net assets of Thai Film Industries Public Company Limited from 2000 to 2025. Also explore TFI net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.76 Billion ≈ $54.97 Million |
-11.70% |
| 2024-12-31 | ฿2.00 Billion ≈ $62.25 Million |
-1.16% |
| 2023-12-31 | ฿2.02 Billion ≈ $62.98 Million |
-15.37% |
| 2022-12-31 | ฿2.39 Billion ≈ $74.42 Million |
-12.00% |
| 2021-12-31 | ฿2.71 Billion ≈ $84.57 Million |
+5.20% |
| 2020-12-31 | ฿2.58 Billion ≈ $80.39 Million |
+2414.99% |
| 2019-12-31 | ฿102.55 Million ≈ $3.20 Million |
-64.76% |
| 2018-12-31 | ฿290.98 Million ≈ $9.07 Million |
-26.39% |
| 2017-12-31 | ฿395.31 Million ≈ $12.32 Million |
-39.00% |
| 2016-12-31 | ฿648.10 Million ≈ $20.20 Million |
-49.22% |
| 2015-12-31 | ฿1.28 Billion ≈ $39.78 Million |
+30.28% |
| 2014-12-31 | ฿979.58 Million ≈ $30.53 Million |
-26.90% |
| 2013-12-31 | ฿1.34 Billion ≈ $41.77 Million |
-8.63% |
| 2012-12-31 | ฿1.47 Billion ≈ $45.71 Million |
0.00% |
| 2011-12-31 | ฿1.47 Billion ≈ $45.71 Million |
-7.99% |
| 2010-12-31 | ฿1.59 Billion ≈ $49.68 Million |
+24.34% |
| 2009-12-31 | ฿1.28 Billion ≈ $39.96 Million |
-17.15% |
| 2008-12-31 | ฿1.55 Billion ≈ $48.23 Million |
-0.16% |
| 2007-12-31 | ฿1.55 Billion ≈ $48.31 Million |
+0.01% |
| 2006-12-31 | ฿1.55 Billion ≈ $48.30 Million |
+16.22% |
| 2005-12-31 | ฿1.33 Billion ≈ $41.56 Million |
-42.46% |
| 2004-12-31 | ฿2.32 Billion ≈ $72.22 Million |
-16.98% |
| 2003-12-31 | ฿2.79 Billion ≈ $86.99 Million |
+0.76% |
| 2002-12-31 | ฿2.77 Billion ≈ $86.33 Million |
+1270.51% |
| 2001-12-31 | ฿202.10 Million ≈ $6.30 Million |
+117.37% |
| 2000-12-31 | ฿-1.16 Billion ≈ $-36.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Film Industries 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 decreased by 296118800700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿16.83 Billion | 954.16% |
| Other Comprehensive Income | ฿1.16 Billion | 65.97% |
| Total Equity | ฿1.76 Billion | 100.00% |
Thai Film Industries Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Film Industries Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Newtree S.A
BR:NEWT
|
$20.98 Million |
|
OneSavings Bank PLC
LSE:OSB
|
$20.98 Million |
|
VOLT RESOURCES LTD
F:R8L
|
$20.98 Million |
|
Resintech Bhd
KLSE:7232
|
$20.99 Million |
|
PLS Plantations Bhd
KLSE:9695
|
$20.97 Million |
|
Silvair Inc
WAR:SVRS
|
$20.96 Million |
|
Minco Silver Corporation
TO:MSV
|
$20.95 Million |
|
AIRA Factoring Public Company Limited
BK:AF
|
$20.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Film Industries Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,997,098,446 to 1,763,466,117, a change of -233,632,329 (-11.7%).
- Net loss of 233,632,329 reduced equity.
- Other comprehensive income decreased equity by 99,148,775.
- Other factors increased equity by 99,148,775.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-233.63 Million | -13.25% |
| Other Comprehensive Income | ฿-99.15 Million | -5.62% |
| Other Changes | ฿99.15 Million | +5.62% |
| Total Change | ฿- | -11.70% |
Book Value vs Market Value Analysis
This analysis compares Thai Film Industries 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: 0.38x
- 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 increased from 0.06x to 0.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.67 | ฿0.04 | x |
| 2007-12-31 | ฿0.67 | ฿0.04 | x |
| 2008-12-31 | ฿0.54 | ฿0.04 | x |
| 2009-12-31 | ฿0.45 | ฿0.04 | x |
| 2010-12-31 | ฿0.45 | ฿0.04 | x |
| 2011-12-31 | ฿0.40 | ฿0.04 | x |
| 2012-12-31 | ฿0.44 | ฿0.04 | x |
| 2013-12-31 | ฿0.40 | ฿0.04 | x |
| 2014-12-31 | ฿0.20 | ฿0.04 | x |
| 2015-12-31 | ฿0.26 | ฿0.04 | x |
| 2016-12-31 | ฿0.13 | ฿0.04 | x |
| 2017-12-31 | ฿0.08 | ฿0.04 | x |
| 2018-12-31 | ฿0.06 | ฿0.04 | x |
| 2019-12-31 | ฿0.02 | ฿0.04 | x |
| 2020-12-31 | ฿0.24 | ฿0.04 | x |
| 2021-12-31 | ฿0.17 | ฿0.04 | x |
| 2022-12-31 | ฿0.14 | ฿0.04 | x |
| 2023-12-31 | ฿0.12 | ฿0.04 | x |
| 2024-12-31 | ฿0.12 | ฿0.04 | x |
| 2025-12-31 | ฿0.10 | ฿0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Film Industries 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): -13.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.49%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.47x
- Recent ROE (-13.25%) is above the historical average (-19.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -42.71% | -13.00% | 0.93x | 3.53x | ฿-816.77 Million |
| 2007 | -8.87% | -2.31% | 1.16x | 3.32x | ฿-292.44 Million |
| 2008 | 8.17% | 2.22% | 1.26x | 2.92x | ฿-28.26 Million |
| 2009 | -10.83% | -3.79% | 0.86x | 3.33x | ฿-266.96 Million |
| 2010 | -3.81% | -1.59% | 0.90x | 2.65x | ฿-220.08 Million |
| 2011 | 4.13% | 1.51% | 1.02x | 2.70x | ฿-86.04 Million |
| 2012 | -2.30% | -0.92% | 0.93x | 2.70x | ฿-180.45 Million |
| 2013 | -14.02% | -4.37% | 1.38x | 2.32x | ฿-321.84 Million |
| 2014 | -21.41% | -5.71% | 1.32x | 2.83x | ฿-307.73 Million |
| 2015 | 1.58% | 0.70% | 0.98x | 2.28x | ฿-107.49 Million |
| 2016 | -20.37% | -6.87% | 0.89x | 3.34x | ฿-196.85 Million |
| 2017 | -1.30% | -0.30% | 0.84x | 5.11x | ฿-44.68 Million |
| 2018 | -35.86% | -6.66% | 0.90x | 5.99x | ฿-133.43 Million |
| 2019 | -180.46% | -19.82% | 0.69x | 13.25x | ฿-195.32 Million |
| 2020 | 1.02% | 34939.36% | 0.00x | 1.18x | ฿-231.52 Million |
| 2021 | -8.91% | -80.12% | 0.09x | 1.18x | ฿-513.10 Million |
| 2022 | -13.64% | -40.65% | 0.26x | 1.27x | ฿-564.35 Million |
| 2023 | -18.45% | -98.12% | 0.14x | 1.33x | ฿-574.90 Million |
| 2024 | -16.83% | -48.52% | 0.25x | 1.39x | ฿-535.78 Million |
| 2025 | -13.25% | -49.49% | 0.18x | 1.47x | ฿-409.98 Million |
Industry Comparison
This section compares Thai Film Industries 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: $1,293,567,870
- Average return on equity (ROE) among peers: 9.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Film Industries Public Company Limited (TFI) | ฿1.68 Billion | -42.71% | 0.47x | $20.98 Million |
| A.J. Plast Public Company Limited (AJ) | $1.37 Billion | 12.64% | 2.09x | $64.33 Million |
| Crown Seal Public Company Limited (CSC) | $1.05 Billion | 28.73% | 0.99x | $75.77 Million |
| Multibax Public Company Limited (MBAX) | $479.92 Million | -4.16% | 2.16x | $13.01 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $727.89 Million | 5.36% | 0.41x | $15.22 Million |
| Prodigy Public Company Limited (PDG) | $565.08 Million | 10.05% | 0.21x | $29.81 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.44 Billion | 8.87% | 1.51x | $36.46 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.30 Billion | 3.70% | 0.46x | $92.05 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $1.83 Billion | 20.48% | 0.35x | $159.40 Million |
| S. Pack & Print Public Company Limited (SPACK) | $658.78 Million | 4.75% | 1.49x | $15.24 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $517.30 Million | 3.22% | 0.18x | $8.35 Million |
About Thai Film Industries Public Company Limited
Thai Future Incorporation Public Company Limited engages in the manufacture and sale of packaging films in Thailand, Asia, Europe, the United States, and internationally. The company offers BOPP films, CPP films, and metallized films. Its products are used in flexible packaging, publishing, flower wrap, adhesive tapes, label, textile bag, over wrap, fresh produce, and biodegradable applications. … Read more