Tong Hua Holding Public Company Limited (TH) - Net Assets
Based on the latest financial reports, Tong Hua Holding Public Company Limited (TH) has net assets worth ฿1.70 Billion THB (≈ $52.99 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.74 Billion ≈ $54.26 Million USD) and total liabilities (฿40.80 Million ≈ $1.27 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 TH strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.70 Billion |
| % of Total Assets | 97.66% |
| Annual Growth Rate | 11.21% |
| 5-Year Change | 29.13% |
| 10-Year Change | 49.3% |
| Growth Volatility | 55.46 |
Tong Hua Holding Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Tong Hua Holding Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Tong Hua Holding Public Company Limited worth.
Annual Net Assets for Tong Hua Holding Public Company Limited (2000–2025)
The table below shows the annual net assets of Tong Hua Holding Public Company Limited from 2000 to 2025. Also explore Tong Hua Holding Public Company Limited (TH) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.68 Billion ≈ $52.48 Million |
+3.39% |
| 2024-12-31 | ฿1.63 Billion ≈ $50.76 Million |
-0.19% |
| 2023-12-31 | ฿1.63 Billion ≈ $50.86 Million |
+14.80% |
| 2022-12-31 | ฿1.42 Billion ≈ $44.30 Million |
+9.01% |
| 2021-12-31 | ฿1.30 Billion ≈ $40.64 Million |
+7.51% |
| 2020-12-31 | ฿1.21 Billion ≈ $37.80 Million |
+1.08% |
| 2019-12-31 | ฿1.20 Billion ≈ $37.40 Million |
+3.53% |
| 2018-12-31 | ฿1.16 Billion ≈ $36.12 Million |
+3.67% |
| 2017-12-31 | ฿1.12 Billion ≈ $34.85 Million |
-0.86% |
| 2016-12-31 | ฿1.13 Billion ≈ $35.15 Million |
-6.58% |
| 2015-12-31 | ฿1.21 Billion ≈ $37.62 Million |
-4.09% |
| 2014-12-31 | ฿1.26 Billion ≈ $39.23 Million |
+84.47% |
| 2013-12-31 | ฿682.21 Million ≈ $21.26 Million |
+70.49% |
| 2012-12-31 | ฿400.15 Million ≈ $12.47 Million |
+188.04% |
| 2011-12-31 | ฿138.92 Million ≈ $4.33 Million |
-1.49% |
| 2010-12-31 | ฿141.02 Million ≈ $4.40 Million |
+0.14% |
| 2009-12-31 | ฿140.82 Million ≈ $4.39 Million |
-0.40% |
| 2008-12-31 | ฿141.38 Million ≈ $4.41 Million |
+0.22% |
| 2007-12-31 | ฿141.08 Million ≈ $4.40 Million |
-1.22% |
| 2006-12-31 | ฿142.82 Million ≈ $4.45 Million |
-0.13% |
| 2005-12-31 | ฿143.01 Million ≈ $4.46 Million |
-59.30% |
| 2004-12-31 | ฿351.34 Million ≈ $10.95 Million |
-0.40% |
| 2003-12-31 | ฿352.75 Million ≈ $11.00 Million |
+2.59% |
| 2002-12-31 | ฿343.84 Million ≈ $10.72 Million |
+0.76% |
| 2001-12-31 | ฿341.24 Million ≈ $10.64 Million |
+188.65% |
| 2000-12-31 | ฿118.22 Million ≈ $3.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tong Hua Holding 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 40774449500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿407.74 Million | 24.41% |
| Common Stock | ฿998.35 Million | 59.77% |
| Other Comprehensive Income | ฿21.61 Million | 1.29% |
| Other Components | ฿242.58 Million | 14.52% |
| Total Equity | ฿1.67 Billion | 100.00% |
Tong Hua Holding Public Company Limited Competitors by Market Cap
The table below lists competitors of Tong Hua Holding Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samil Co.Ltd
KQ:032280
|
$14.33 Million |
|
Garovaglio y Zorraquin S.A.
BA:GARO
|
$14.33 Million |
|
Torrent Capital Ltd
V:TORR
|
$14.33 Million |
|
Solid Automotive Bhd
KLSE:5242
|
$14.34 Million |
|
Thai Wire Products Public Company Limited
BK:TWP
|
$14.31 Million |
|
Prodigy Gold NL
AU:PRX
|
$14.31 Million |
|
MMS Ventures Bhd
KLSE:0113
|
$14.29 Million |
|
Wave Entertainment Public Company Limited
BK:WAVE
|
$14.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong Hua Holding Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,615,585,482 to 1,670,280,368, a change of 54,694,886 (3.4%).
- Net income of 56,909,724 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,955,508.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿56.91 Million | +3.41% |
| Other Comprehensive Income | ฿1.96 Million | +0.12% |
| Other Changes | ฿-4.17 Million | -0.25% |
| Total Change | ฿- | 3.39% |
Book Value vs Market Value Analysis
This analysis compares Tong Hua Holding 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: 0.27x
- 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 decreased from 1.18x to 0.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.39 | ฿0.46 | x |
| 2007-12-31 | ฿0.38 | ฿0.46 | x |
| 2008-12-31 | ฿0.39 | ฿0.46 | x |
| 2009-12-31 | ฿0.38 | ฿0.46 | x |
| 2010-12-31 | ฿0.38 | ฿0.46 | x |
| 2011-12-31 | ฿0.38 | ฿0.46 | x |
| 2012-12-31 | ฿0.92 | ฿0.46 | x |
| 2013-12-31 | ฿0.99 | ฿0.46 | x |
| 2014-12-31 | ฿1.73 | ฿0.46 | x |
| 2015-12-31 | ฿1.07 | ฿0.46 | x |
| 2016-12-31 | ฿1.15 | ฿0.46 | x |
| 2017-12-31 | ฿1.14 | ฿0.46 | x |
| 2018-12-31 | ฿1.18 | ฿0.46 | x |
| 2019-12-31 | ฿1.22 | ฿0.46 | x |
| 2020-12-31 | ฿1.24 | ฿0.46 | x |
| 2021-12-31 | ฿1.33 | ฿0.46 | x |
| 2022-12-31 | ฿1.20 | ฿0.46 | x |
| 2023-12-31 | ฿1.51 | ฿0.46 | x |
| 2024-12-31 | ฿1.62 | ฿0.46 | x |
| 2025-12-31 | ฿1.67 | ฿0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong Hua Holding 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): 3.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 377.07%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.04x
- Recent ROE (3.41%) is above the historical average (2.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 3.42% | 8.53% | 0.10x | 4.01x | ฿-7.78 Million |
| 2002 | 6.01% | 13.38% | 0.11x | 4.11x | ฿-5.07 Million |
| 2004 | 3.30% | 10.31% | 0.09x | 3.60x | ฿-9.28 Million |
| 2005 | 2.74% | 3.81% | 0.70x | 1.03x | ฿-10.38 Million |
| 2006 | 1.72% | 5.47% | 0.29x | 1.08x | ฿-11.82 Million |
| 2007 | -0.20% | -0.86% | 0.22x | 1.03x | ฿-14.39 Million |
| 2008 | 0.38% | 1.59% | 0.23x | 1.04x | ฿-13.59 Million |
| 2009 | -0.27% | -1.13% | 0.23x | 1.04x | ฿-14.46 Million |
| 2010 | 0.01% | 0.04% | 0.23x | 1.04x | ฿-14.09 Million |
| 2011 | 0.66% | 2.58% | 0.24x | 1.06x | ฿-12.97 Million |
| 2012 | 2.79% | 27.40% | 0.10x | 1.03x | ฿-28.83 Million |
| 2013 | -3.36% | -17.70% | 0.13x | 1.51x | ฿-82.92 Million |
| 2014 | 1.71% | 17.48% | 0.09x | 1.07x | ฿-102.32 Million |
| 2015 | -3.87% | -53.05% | 0.07x | 1.06x | ฿-164.86 Million |
| 2016 | -6.75% | -102.27% | 0.06x | 1.07x | ฿-186.31 Million |
| 2017 | -0.95% | -17.15% | 0.05x | 1.05x | ฿-120.85 Million |
| 2018 | 3.55% | 42.15% | 0.08x | 1.06x | ฿-73.79 Million |
| 2019 | 3.75% | 43.12% | 0.08x | 1.05x | ฿-73.87 Million |
| 2020 | 2.19% | 42.79% | 0.05x | 1.05x | ฿-93.25 Million |
| 2021 | 7.50% | 77.31% | 0.09x | 1.13x | ฿-32.03 Million |
| 2022 | 12.50% | 42.06% | 0.28x | 1.06x | ฿35.05 Million |
| 2023 | 3.97% | 37.40% | 0.10x | 1.06x | ฿-97.63 Million |
| 2024 | 9.16% | 54.03% | 0.16x | 1.06x | ฿-13.61 Million |
| 2025 | 3.41% | 377.07% | 0.01x | 1.04x | ฿-110.12 Million |
Industry Comparison
This section compares Tong Hua Holding Public Company Limited's net assets metrics with peer companies in the Financial Conglomerates industry.
No peer company data available for comparison.
About Tong Hua Holding Public Company Limited
Tong Hua Holding Public Company Limited, through its subsidiaries, engages in the asset management business in Thailand. The company provides publishing and printing services, short-term funds in the form of factoring, loans, and leasing services. It also produces and distributes newspapers; rents property; and engages in the investment business. In addition, the company provides debt collection … Read more