Thai President Foods Public Company Limited (TFMAMA) - Net Assets
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 asset resilience ratio of Thai President Foods Public Company Limi to evaluate the company's liquid asset resilience ratio.
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. Also explore TFMAMA total asset value for the complete picture of this company's asset base.
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 |
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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 |
|---|---|
|
Capri Global Capital Limited
NSE:CGCL
|
$1.94 Billion |
|
First Advantage Corp
NASDAQ:FA
|
$1.94 Billion |
|
Sichuan Expressway Co Ltd
SHG:601107
|
$1.94 Billion |
|
Anhui Jinhe Industrial Co Ltd
SHE:002597
|
$1.94 Billion |
|
E-Mart
KO:139480
|
$1.94 Billion |
|
Stewart Information Services Corp
NYSE:STC
|
$1.94 Billion |
|
Bukit Asam Tbk PT
JK:PTBA
|
$1.94 Billion |
|
Xiamen ITG Group Corp Ltd
SHG:600755
|
$1.94 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: 1.80x
- 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 7.50x to 1.80x 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 | ฿188.50 | x |
| 2006-12-31 | ฿27.56 | ฿188.50 | x |
| 2007-12-31 | ฿28.99 | ฿188.50 | x |
| 2008-12-31 | ฿32.47 | ฿188.50 | x |
| 2009-12-31 | ฿37.70 | ฿188.50 | x |
| 2010-12-31 | ฿42.55 | ฿188.50 | x |
| 2011-12-31 | ฿43.95 | ฿188.50 | x |
| 2012-12-31 | ฿49.15 | ฿188.50 | x |
| 2013-12-31 | ฿54.69 | ฿188.50 | x |
| 2014-12-31 | ฿67.80 | ฿188.50 | x |
| 2015-12-31 | ฿76.10 | ฿188.50 | x |
| 2016-12-31 | ฿86.68 | ฿188.50 | x |
| 2017-12-31 | ฿60.29 | ฿188.50 | x |
| 2018-12-31 | ฿63.39 | ฿188.50 | x |
| 2019-12-31 | ฿70.95 | ฿188.50 | x |
| 2020-12-31 | ฿78.78 | ฿188.50 | x |
| 2021-12-31 | ฿85.46 | ฿188.50 | x |
| 2022-12-31 | ฿90.22 | ฿188.50 | x |
| 2023-12-31 | ฿96.37 | ฿188.50 | x |
| 2024-12-31 | ฿104.76 | ฿188.50 | 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: $3,044,840,456
- Average return on equity (ROE) among peers: 0.15%
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 | $1.94 Billion |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $180.99 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.43 Billion | 7.92% | 0.26x | $23.98 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.21 Billion | 1.06% | 0.70x | $15.02 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.35 Billion | 8.86% | 0.10x | $19.01 Million |
| GFPT Public Company Limited (GFPT) | $3.78 Billion | 28.67% | 0.98x | $357.59 Million |
| J.S.P. Property Public Company Limited (JSP) | $5.18 Billion | 9.40% | 0.76x | $28.10 Million |
| Thai Ha Public Company Limited (KASET) | $325.04 Million | -11.22% | 0.97x | $7.19 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.73 Billion | 6.85% | 0.15x | $69.45 Million |
| Malee Group Public Company Limited (MALEE) | $839.63 Million | -24.17% | 3.77x | $69.74 Million |
| President Bakery Public Company Limited (PB) | $12.44 Billion | 12.78% | 0.11x | $680.27 Million |
About Thai President Foods Public Company Limited
Thai President Foods Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of instant noodles, semi-instant foods, and biscuits products in Thailand and internationally. It also offers fruit juices, wheat flour-related, and bakery products; and manufactures and distributes paper packaging and packaging printing products, as well as provides packaging … Read more