Thai-German Products Public Company Limited (TGPRO) - Net Assets

Latest as of December 2025: ฿1.58 Billion THB ≈ $49.31 Million USD

Based on the latest financial reports, Thai-German Products Public Company Limited (TGPRO) has net assets worth ฿1.58 Billion THB (≈ $49.31 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.55 Billion ≈ $79.52 Million USD) and total liabilities (฿969.07 Million ≈ $30.21 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 TGPRO asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.58 Billion
% of Total Assets	62.01%
Annual Growth Rate	N/A
5-Year Change	-25.55%
10-Year Change	-25.71%
Growth Volatility	4407.43

Thai-German Products Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Thai-German Products Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Thai-German Products Public Company Limi for the complete picture of this company's asset base.

Annual Net Assets for Thai-German Products Public Company Limited (2000–2025)

The table below shows the annual net assets of Thai-German Products Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Thai-German Products Public Company Limi (TGPRO) market capitalisation.

Year	Net Assets	Change
2025-12-31	฿1.58 Billion ≈ $49.31 Million	-8.22%
2024-12-31	฿1.72 Billion ≈ $53.73 Million	-8.57%
2023-12-31	฿1.89 Billion ≈ $58.77 Million	-12.63%
2022-12-31	฿2.16 Billion ≈ $67.26 Million	+1.55%
2021-12-31	฿2.12 Billion ≈ $66.23 Million	+4.12%
2020-12-31	฿2.04 Billion ≈ $63.61 Million	-2.57%
2019-12-31	฿2.09 Billion ≈ $65.28 Million	-7.57%
2018-12-31	฿2.27 Billion ≈ $70.63 Million	+4.53%
2017-12-31	฿2.17 Billion ≈ $67.57 Million	+1.80%
2016-12-31	฿2.13 Billion ≈ $66.37 Million	+18.57%
2015-12-31	฿1.80 Billion ≈ $55.98 Million	+33.56%
2014-12-31	฿1.34 Billion ≈ $41.91 Million	+26.74%
2013-12-31	฿1.06 Billion ≈ $33.07 Million	+34.22%
2012-12-31	฿790.44 Million ≈ $24.64 Million	+129.45%
2011-12-31	฿344.49 Million ≈ $10.74 Million	+144.02%
2010-12-31	฿-782.56 Million ≈ $-24.39 Million	-20214.84%
2009-12-31	฿3.89 Million ≈ $121.26K	-96.93%
2008-12-31	฿126.76 Million ≈ $3.95 Million	-9.65%
2007-12-31	฿140.30 Million ≈ $4.37 Million	+10.76%
2006-12-31	฿126.67 Million ≈ $3.95 Million	+39.02%
2005-12-31	฿91.11 Million ≈ $2.84 Million	-24.44%
2004-12-31	฿120.58 Million ≈ $3.76 Million	+102.27%
2003-12-31	฿-5.31 Billion ≈ $-165.60 Million	-7.00%
2002-12-31	฿-4.97 Billion ≈ $-154.77 Million	-88.33%
2001-12-31	฿-2.64 Billion ≈ $-82.18 Million	-27.33%
2000-12-31	฿-2.07 Billion ≈ $-64.54 Million	--

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 2523.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿2.38 Billion	150.19%
Total Equity	฿1.58 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
Ambica Agarbathies & Aroma industries Limited NSE:AMBICAAGAR	$4.41 Million
Polar Capital Global Financials Trust plc LSE:PCFT	$4.41 Million
Cullen Resources Ltd AU:CUL	$4.42 Million
Phoslock Environmental Technologies Ltd AU:PET	$4.42 Million
Northern Shield Resources Inc. V:NRN	$4.41 Million
Norwood Systems Ltd AU:NOR	$4.40 Million
London Security Plc LSE:LSC	$4.40 Million
Renegade Exploration Ltd AU:RNX	$4.39 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 2024 to 2025, total equity changed from 1,724,820,377 to 1,583,119,302, a change of -141,701,075 (-8.2%).
Net loss of 146,277,638 reduced equity.
Other comprehensive income decreased equity by 16,671,699.
Other factors increased equity by 21,248,262.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-146.28 Million	-9.24%
Other Comprehensive Income	฿-16.67 Million	-1.05%
Other Changes	฿21.25 Million	+1.34%
Total Change	฿-	-8.22%

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: 0.09x
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	฿0.03	x
2006-12-31	฿0.74	฿0.03	x
2007-12-31	฿0.76	฿0.03	x
2008-12-31	฿0.58	฿0.03	x
2009-12-31	฿0.01	฿0.03	x
2010-12-31	฿-0.61	฿0.03	x
2011-12-31	฿0.27	฿0.03	x
2012-12-31	฿0.39	฿0.03	x
2013-12-31	฿0.43	฿0.03	x
2014-12-31	฿0.63	฿0.03	x
2015-12-31	฿0.57	฿0.03	x
2016-12-31	฿0.55	฿0.03	x
2017-12-31	฿0.51	฿0.03	x
2018-12-31	฿0.52	฿0.03	x
2019-12-31	฿0.44	฿0.03	x
2020-12-31	฿0.43	฿0.03	x
2021-12-31	฿0.45	฿0.03	x
2022-12-31	฿0.46	฿0.03	x
2023-12-31	฿0.40	฿0.03	x
2024-12-31	฿0.37	฿0.03	x
2025-12-31	฿0.34	฿0.03	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): -9.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.66%
• Asset Turnover: 0.54x
• Equity Multiplier: 1.61x
Recent ROE (-9.24%) is above the historical average (-161.99%), 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
2025	-9.24%	-10.66%	0.54x	1.61x	฿-304.59 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: $3,445,499,948
Average return on equity (ROE) among peers: 4.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thai-German Products Public Company Limited (TGPRO)	฿1.58 Billion	-32.34%	0.61x	$4.41 Million
2S Metal Public Company Limited (2S)	$575.58 Million	12.41%	0.78x	$46.29 Million
Asia Metal Public Company Limited (AMC)	$1.51 Billion	5.63%	1.31x	$35.61 Million
Bangsaphan Barmill Public Company Limited (BSBM)	$2.07 Billion	12.53%	0.22x	$20.27 Million
Capital Engineering Network Public Company Limited (CEN)	$-1.32 Billion	0.00%	0.00x	$14.86 Million
Chow Steel Industries Public Company Limited (CHOW)	$1.31 Billion	-8.41%	5.17x	$33.91 Million
CSP Steel Center Public Company Limited (CSP)	$769.64 Million	-12.34%	1.68x	$7.58 Million
G J Steel Public Company Limited (GJS)	$15.84 Billion	20.07%	0.05x	$103.27 Million
POSCO-Thainox Public Company Limited (INOX)	$9.29 Billion	3.78%	0.29x	$104.48 Million
Lohakit Metal Public Company Limited (LHK)	$652.47 Million	-8.11%	0.84x	$40.11 Million
M.C.S. Steel Public Company Limited (MCS)	$3.76 Billion	18.05%	0.61x	$120.43 Million

About Thai-German Products Public Company Limited

BK:TGPRO Thailand Steel

Market Cap

$4.41 Million

฿141.58 Million THB

Market Cap Rank

#28596 Global

#620 in Thailand

Share Price

฿0.03

Change (1 day)

+0.00%

52-Week Range

฿0.03 - ฿0.07

All Time High

฿0.78