Thai-German Products Public Company Limited
Thai-German Products Public Company Limited engages in the manufacture and sale of stainless steel pipes, sheets, axles, and equipment in Thailand. It operates through three segments: Stainless Sales and Service; Stereo Sales; and Agriculture Selling. The company offers stainless shafts and stainless fittings; ornamental tubes; industrial stainless steel pipes for water pipelines, water treatment… Read more
Thai-German Products Public Company Limited (TGPRO) - Net Assets
Latest net assets as of September 2025: ฿1.64 Billion THB
Based on the latest financial reports, Thai-German Products Public Company Limited (TGPRO) has net assets worth ฿1.64 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.65 Billion) and total liabilities (฿1.01 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.64 Billion |
| % of Total Assets | 61.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | -15.53% |
| 10-Year Change | -4.02% |
| Growth Volatility | 4515.85 |
Thai-German Products Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thai-German Products Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai-German Products Public Company Limited (2000–2024)
The table below shows the annual net assets of Thai-German Products Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.72 Billion | -8.57% |
| 2023-12-31 | ฿1.89 Billion | -12.63% |
| 2022-12-31 | ฿2.16 Billion | +1.55% |
| 2021-12-31 | ฿2.12 Billion | +4.12% |
| 2020-12-31 | ฿2.04 Billion | -2.57% |
| 2019-12-31 | ฿2.09 Billion | -7.57% |
| 2018-12-31 | ฿2.27 Billion | +4.53% |
| 2017-12-31 | ฿2.17 Billion | +1.80% |
| 2016-12-31 | ฿2.13 Billion | +18.57% |
| 2015-12-31 | ฿1.80 Billion | +33.56% |
| 2014-12-31 | ฿1.34 Billion | +26.74% |
| 2013-12-31 | ฿1.06 Billion | +34.22% |
| 2012-12-31 | ฿790.44 Million | +129.45% |
| 2011-12-31 | ฿344.49 Million | +144.02% |
| 2010-12-31 | ฿-782.56 Million | -20214.84% |
| 2009-12-31 | ฿3.89 Million | -96.93% |
| 2008-12-31 | ฿126.76 Million | -9.65% |
| 2007-12-31 | ฿140.30 Million | +10.76% |
| 2006-12-31 | ฿126.67 Million | +39.02% |
| 2005-12-31 | ฿91.11 Million | -24.44% |
| 2004-12-31 | ฿120.58 Million | +102.27% |
| 2003-12-31 | ฿-5.31 Billion | -7.00% |
| 2002-12-31 | ฿-4.97 Billion | -88.33% |
| 2001-12-31 | ฿-2.64 Billion | -27.33% |
| 2000-12-31 | ฿-2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai-German Products 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 2091.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿2.36 Billion | 136.81% |
| Other Comprehensive Income | ฿16.67 Million | 0.97% |
| Other Components | ฿1.32 Million | 0.08% |
| Total Equity | ฿1.72 Billion | 100.00% |
Thai-German Products Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai-German Products Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Magna Terra Minerals Inc
PINK:BRIOF
|
$3.46 Million |
|
AT Systematization Bhd
KLSE:0072
|
$3.46 Million |
|
Levinstein Prop
TA:LVPR
|
$3.46 Million |
|
Sanginita Chemicals Limited
NSE:SANGINITA
|
$3.46 Million |
|
Tennant Minerals Ltd
AU:TMS
|
$3.46 Million |
|
Intervacc AB (publ)
F:2E9
|
$3.46 Million |
|
InTiCa Systems SE
LSE:0J9S
|
$3.46 Million |
|
FOM Technologies A/S
CO:FOM
|
$3.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai-German Products Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,886,278,288 to 1,724,820,377, a change of -161,457,911 (-8.6%).
- Net loss of 161,457,911 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-161.46 Million | -9.36% |
| Total Change | ฿- | -8.56% |
Book Value vs Market Value Analysis
This analysis compares Thai-German Products 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: 0.11x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿0.53 | ฿0.04 | x |
| 2006-12-31 | ฿0.74 | ฿0.04 | x |
| 2007-12-31 | ฿0.76 | ฿0.04 | x |
| 2008-12-31 | ฿0.58 | ฿0.04 | x |
| 2009-12-31 | ฿0.01 | ฿0.04 | x |
| 2010-12-31 | ฿-0.61 | ฿0.04 | x |
| 2011-12-31 | ฿0.27 | ฿0.04 | x |
| 2012-12-31 | ฿0.39 | ฿0.04 | x |
| 2013-12-31 | ฿0.43 | ฿0.04 | x |
| 2014-12-31 | ฿0.63 | ฿0.04 | x |
| 2015-12-31 | ฿0.57 | ฿0.04 | x |
| 2016-12-31 | ฿0.55 | ฿0.04 | x |
| 2017-12-31 | ฿0.51 | ฿0.04 | x |
| 2018-12-31 | ฿0.52 | ฿0.04 | x |
| 2019-12-31 | ฿0.44 | ฿0.04 | x |
| 2020-12-31 | ฿0.43 | ฿0.04 | x |
| 2021-12-31 | ฿0.45 | ฿0.04 | x |
| 2022-12-31 | ฿0.46 | ฿0.04 | x |
| 2023-12-31 | ฿0.40 | ฿0.04 | x |
| 2024-12-31 | ฿0.37 | ฿0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai-German Products 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): -9.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.01%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.57x
- Recent ROE (-9.36%) is above the historical average (-169.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -32.34% | -1.85% | 0.78x | 22.59x | ฿-38.58 Million |
| 2006 | 28.07% | 2.06% | 0.94x | 14.57x | ฿22.89 Million |
| 2007 | 7.45% | 0.56% | 1.01x | 13.26x | ฿-3.58 Million |
| 2008 | -144.26% | -11.25% | 0.94x | 13.71x | ฿-195.54 Million |
| 2009 | -3448.59% | -13.63% | 0.56x | 449.20x | ฿-123.22 Million |
| 2010 | 0.00% | -73.56% | 0.97x | 0.00x | ฿-708.46 Million |
| 2011 | 216.71% | 66.22% | 0.95x | 3.46x | ฿711.90 Million |
| 2012 | 15.76% | 9.10% | 0.94x | 1.84x | ฿45.50 Million |
| 2013 | 5.33% | 4.58% | 0.67x | 1.75x | ฿-49.56 Million |
| 2014 | 1.72% | 1.60% | 0.68x | 1.58x | ฿-111.39 Million |
| 2015 | -7.43% | -9.42% | 0.59x | 1.35x | ฿-313.01 Million |
| 2016 | 0.20% | 0.32% | 0.42x | 1.51x | ฿-208.68 Million |
| 2017 | 0.30% | 0.44% | 0.45x | 1.52x | ฿-210.22 Million |
| 2018 | 0.05% | 0.07% | 0.49x | 1.52x | ฿-225.47 Million |
| 2019 | -9.72% | -13.53% | 0.47x | 1.53x | ฿-413.01 Million |
| 2020 | -5.03% | -6.49% | 0.48x | 1.60x | ฿-306.86 Million |
| 2021 | 3.97% | 4.74% | 0.53x | 1.58x | ฿-128.27 Million |
| 2022 | -0.89% | -1.02% | 0.57x | 1.53x | ฿-235.14 Million |
| 2023 | -14.44% | -17.49% | 0.56x | 1.48x | ฿-461.01 Million |
| 2024 | -9.36% | -11.01% | 0.54x | 1.57x | ฿-333.94 Million |
Industry Comparison
This section compares Thai-German Products Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,659,793,554
- Average return on equity (ROE) among peers: 2.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai-German Products Public Company Limited (TGPRO) | ฿1.64 Billion | -32.34% | 0.62x | $3.46 Million |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $664.19 Million | 10.03% | 1.87x | $950.75K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $10.76 Billion | -5.72% | 0.42x | $11.41 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |