Thai President Foods Public Company Limited (TFMAMA) - Net Assets

Latest as of September 2025: ฿45.91 Billion THB ≈ $1.43 Billion USD

Based on the latest financial reports, Thai President Foods Public Company Limited (TFMAMA) has net assets worth ฿45.91 Billion THB (≈ $1.43 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿51.06 Billion ≈ $1.59 Billion USD) and total liabilities (฿5.16 Billion ≈ $160.68 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 Thai President Foods Public Company Limi (TFMAMA) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿45.91 Billion
% of Total Assets	89.9%
Annual Growth Rate	12.44%
5-Year Change	33.66%
10-Year Change	186.18%
Growth Volatility	7.91

Thai President Foods Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thai President Foods Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Thai President Foods Public Company Limi (TFMAMA) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Thai President Foods Public Company Limited (2000–2024)

The table below shows the annual net assets of Thai President Foods Public Company Limited from 2000 to 2024. For live valuation and market cap data, see Thai President Foods Public Company Limi (TFMAMA) market capitalisation.

Year	Net Assets	Change
2024-12-31	฿44.63 Billion ≈ $1.39 Billion	+8.48%
2023-12-31	฿41.14 Billion ≈ $1.28 Billion	+7.03%
2022-12-31	฿38.44 Billion ≈ $1.20 Billion	+6.12%
2021-12-31	฿36.22 Billion ≈ $1.13 Billion	+8.48%
2020-12-31	฿33.39 Billion ≈ $1.04 Billion	+11.14%
2019-12-31	฿30.04 Billion ≈ $936.47 Million	+12.01%
2018-12-31	฿26.82 Billion ≈ $836.05 Million	+4.30%
2017-12-31	฿25.72 Billion ≈ $801.58 Million	+45.41%
2016-12-31	฿17.69 Billion ≈ $551.26 Million	+13.41%
2015-12-31	฿15.60 Billion ≈ $486.09 Million	+11.95%
2014-12-31	฿13.93 Billion ≈ $434.20 Million	+21.77%
2013-12-31	฿11.44 Billion ≈ $356.58 Million	+14.09%
2012-12-31	฿10.03 Billion ≈ $312.54 Million	+13.43%
2011-12-31	฿8.84 Billion ≈ $275.55 Million	+4.69%
2010-12-31	฿8.44 Billion ≈ $263.20 Million	+13.19%
2009-12-31	฿7.46 Billion ≈ $232.52 Million	+16.16%
2008-12-31	฿6.42 Billion ≈ $200.18 Million	+8.62%
2007-12-31	฿5.91 Billion ≈ $184.29 Million	+10.48%
2006-12-31	฿5.35 Billion ≈ $166.80 Million	+12.84%
2005-12-31	฿4.74 Billion ≈ $147.82 Million	+18.54%
2004-12-31	฿4.00 Billion ≈ $124.70 Million	+8.73%
2003-12-31	฿3.68 Billion ≈ $114.69 Million	+9.12%
2002-12-31	฿3.37 Billion ≈ $105.10 Million	+11.84%
2001-12-31	฿3.02 Billion ≈ $93.97 Million	+12.54%
2000-12-31	฿2.68 Billion ≈ $83.50 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thai President Foods 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 1473.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿34.61 Billion	100.20%
Total Equity	฿34.54 Billion	100.00%

Thai President Foods Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai President Foods Public Company Limited ranked by their market capitalization.

Company	Market Cap
Burkhalter Holding AG SW:BRKN	$1.92 Billion
Jiaozuo Wanfang Aluminum SHE:000612	$1.92 Billion
CJ Cheiljedang KO:097950	$1.93 Billion
Punjab & Sind Bank NSE:PSB	$1.93 Billion
AUB GROUP LTD. F:A5H	$1.92 Billion
DL E&C Co Ltd KO:375500	$1.92 Billion
ANADOLU E.BIR.M. ADR 1/5 F:EF41	$1.92 Billion
Stolt-Nielsen Limited LSE:0OHK	$1.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thai President Foods Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 31,774,857,058 to 34,539,116,914, a change of 2,764,259,856 (8.7%).
Net income of 4,481,707,781 contributed positively to equity growth.
Dividend payments of 2,216,741,028 reduced retained earnings.
Other comprehensive income decreased equity by 39,000,000.
Other factors increased equity by 538,293,103.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿4.48 Billion	+12.98%
Dividends Paid	฿2.22 Billion	-6.42%
Other Comprehensive Income	฿-39.00 Million	-0.11%
Other Changes	฿538.29 Million	+1.56%
Total Change	฿-	8.70%

Book Value vs Market Value Analysis

This analysis compares Thai President Foods 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: 1.79x
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 7.44x to 1.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	฿25.12	฿187.00	x
2006-12-31	฿27.56	฿187.00	x
2007-12-31	฿28.99	฿187.00	x
2008-12-31	฿32.47	฿187.00	x
2009-12-31	฿37.70	฿187.00	x
2010-12-31	฿42.55	฿187.00	x
2011-12-31	฿43.95	฿187.00	x
2012-12-31	฿49.15	฿187.00	x
2013-12-31	฿54.69	฿187.00	x
2014-12-31	฿67.80	฿187.00	x
2015-12-31	฿76.10	฿187.00	x
2016-12-31	฿86.68	฿187.00	x
2017-12-31	฿60.29	฿187.00	x
2018-12-31	฿63.39	฿187.00	x
2019-12-31	฿70.95	฿187.00	x
2020-12-31	฿78.78	฿187.00	x
2021-12-31	฿85.46	฿187.00	x
2022-12-31	฿90.22	฿187.00	x
2023-12-31	฿96.37	฿187.00	x
2024-12-31	฿104.76	฿187.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai President Foods 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): 12.98%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.14%
• Asset Turnover: 0.60x
• Equity Multiplier: 1.44x
Recent ROE (12.98%) is below the historical average (14.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	15.61%	13.95%	0.93x	1.20x	฿253.90 Million
2006	16.03%	13.46%	0.95x	1.25x	฿299.25 Million
2007	11.98%	9.67%	1.04x	1.19x	฿117.08 Million
2008	12.77%	10.02%	1.11x	1.15x	฿177.85 Million
2009	20.71%	16.64%	0.99x	1.25x	฿727.03 Million
2010	17.98%	15.03%	0.93x	1.28x	฿611.58 Million
2011	13.52%	10.70%	0.93x	1.36x	฿278.48 Million
2012	16.66%	13.69%	0.90x	1.36x	฿589.23 Million
2013	16.40%	14.20%	0.84x	1.37x	฿630.37 Million
2014	13.73%	14.33%	0.71x	1.35x	฿455.40 Million
2015	13.95%	16.37%	0.64x	1.32x	฿541.68 Million
2016	13.89%	17.20%	0.61x	1.32x	฿607.31 Million
2017	14.36%	13.19%	0.74x	1.48x	฿865.77 Million
2018	16.29%	15.17%	0.73x	1.48x	฿1.31 Billion
2019	16.86%	16.43%	0.70x	1.46x	฿1.60 Billion
2020	15.75%	17.34%	0.63x	1.44x	฿1.49 Billion
2021	12.69%	14.62%	0.60x	1.44x	฿756.96 Million
2022	13.32%	14.96%	0.62x	1.44x	฿986.17 Million
2023	11.89%	13.66%	0.60x	1.44x	฿600.06 Million
2024	12.98%	15.14%	0.60x	1.44x	฿1.03 Billion

Industry Comparison

This section compares Thai President Foods Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $3,118,500,656
Average return on equity (ROE) among peers: 7.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thai President Foods Public Company Limited (TFMAMA)	฿45.91 Billion	15.61%	0.11x	$1.92 Billion
Asian Sea Corporation Public Company Limited (ASIAN)	$707.03 Million	15.10%	1.38x	$178.46 Million
Seafresh Industry Public Company Limited (CFRESH)	$2.49 Billion	10.80%	0.97x	$30.63 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI)	$972.69 Million	10.59%	1.63x	$16.07 Million
Chiangmai Frozen Foods Public Company Limited (CM)	$1.37 Billion	0.08%	0.11x	$18.53 Million
GFPT Public Company Limited (GFPT)	$16.61 Billion	12.31%	0.41x	$336.09 Million
J.S.P. Property Public Company Limited (JSP)	$5.19 Billion	2.39%	1.41x	$25.29 Million
Thai Ha Public Company Limited (KASET)	$349.47 Million	0.23%	1.22x	$6.07 Million
Lee Feed Mill Public Company Limited (LEE)	$2.67 Billion	7.17%	0.12x	$70.59 Million
Malee Group Public Company Limited (MALEE)	$113.31 Million	19.28%	16.52x	$68.72 Million
President Bakery Public Company Limited (PB)	$722.64 Million	0.00%	0.60x	$673.25 Million

About Thai President Foods Public Company Limited

BK:TFMAMA Thailand Packaged Foods

Market Cap

$1.92 Billion

฿61.65 Billion THB

Market Cap Rank

#6438 Global

#42 in Thailand

Share Price

฿187.00

Change (1 day)

+0.54%

52-Week Range

฿186.00 - ฿198.50

All Time High

฿239.31