Thaicom Public Company Limited (THCOM) - Net Assets

Latest as of June 2025: ฿9.96 Billion THB ≈ $310.54 Million USD

Based on the latest financial reports, Thaicom Public Company Limited (THCOM) has net assets worth ฿9.96 Billion THB (≈ $310.54 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿15.42 Billion ≈ $480.65 Million USD) and total liabilities (฿5.46 Billion ≈ $170.11 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 THCOM financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿9.96 Billion
% of Total Assets	64.61%
Annual Growth Rate	3.65%
5-Year Change	-10.92%
10-Year Change	-44.68%
Growth Volatility	15.56

Thaicom Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Thaicom Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thaicom Public Company Limited assets under control for the complete picture of this company's asset base.

Annual Net Assets for Thaicom Public Company Limited (2000–2024)

The table below shows the annual net assets of Thaicom Public Company Limited from 2000 to 2024. For live valuation and market cap data, see THCOM market cap overview.

Year	Net Assets	Change
2024-12-31	฿10.02 Billion ≈ $312.29 Million	-2.07%
2023-12-31	฿10.23 Billion ≈ $318.90 Million	-3.06%
2022-12-31	฿10.55 Billion ≈ $328.96 Million	-5.17%
2021-12-31	฿11.13 Billion ≈ $346.89 Million	-1.05%
2020-12-31	฿11.25 Billion ≈ $350.56 Million	+2.29%
2019-12-31	฿10.99 Billion ≈ $342.70 Million	-16.31%
2018-12-31	฿13.14 Billion ≈ $409.47 Million	-14.02%
2017-12-31	฿15.28 Billion ≈ $476.26 Million	-19.25%
2016-12-31	฿18.92 Billion ≈ $589.76 Million	+4.47%
2015-12-31	฿18.11 Billion ≈ $564.50 Million	+7.00%
2014-12-31	฿16.93 Billion ≈ $527.57 Million	+8.63%
2013-12-31	฿15.58 Billion ≈ $485.66 Million	+9.43%
2012-12-31	฿14.24 Billion ≈ $443.80 Million	+0.44%
2011-12-31	฿14.18 Billion ≈ $441.87 Million	-3.42%
2010-12-31	฿14.68 Billion ≈ $457.52 Million	-6.06%
2009-12-31	฿15.63 Billion ≈ $487.04 Million	-2.96%
2008-12-31	฿16.10 Billion ≈ $501.92 Million	-3.48%
2007-12-31	฿16.68 Billion ≈ $520.03 Million	+22.88%
2006-12-31	฿13.58 Billion ≈ $423.20 Million	-0.05%
2005-12-31	฿13.58 Billion ≈ $423.41 Million	+48.23%
2004-12-31	฿9.16 Billion ≈ $285.64 Million	+8.54%
2003-12-31	฿8.44 Billion ≈ $263.17 Million	+17.20%
2002-12-31	฿7.20 Billion ≈ $224.55 Million	+24.30%
2001-12-31	฿5.80 Billion ≈ $180.65 Million	+36.76%
2000-12-31	฿4.24 Billion ≈ $132.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thaicom 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 278635062200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿414.71 Million	4.14%
Common Stock	฿5.48 Billion	54.70%
Other Comprehensive Income	฿549.99 Million	5.49%
Other Components	฿3.57 Billion	35.67%
Total Equity	฿10.02 Billion	100.00%

Thaicom Public Company Limited Competitors by Market Cap

The table below lists competitors of Thaicom Public Company Limited ranked by their market capitalization.

Company	Market Cap
Ginkgo Bioworks Holdings NYSE:DNA	$396.32 Million
Socar Inc. KO:403550	$396.39 Million
Dhipaya Group Holdings PCL BK:TIPH-R	$396.40 Million
Nanjing Chixia Development Co Ltd SHG:600533	$396.41 Million
Somalogic Inc NASDAQ:SLGC	$396.23 Million
Ulusoy Elektrik Imalat IS:ULUSE	$396.17 Million
Changchun Yidong Clutch Co Ltd SHG:600148	$396.15 Million
Tubacex S.A MC:TUB	$396.10 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 10,231,159,218 to 10,019,171,533, a change of -211,987,685 (-2.1%).
Net loss of 22,836,363 reduced equity.
Dividend payments of 142,489,973 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-22.84 Million	-0.23%
Dividends Paid	฿142.49 Million	-1.42%
Other Changes	฿-46.66 Million	-0.47%
Total Change	฿-	-2.07%

Book Value vs Market Value Analysis

This analysis compares Thaicom 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: 1.28x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	฿9.63	฿11.60	x
2001-12-31	฿13.20	฿11.60	x
2002-12-31	฿16.43	฿11.60	x
2003-12-31	฿9.21	฿11.60	x
2004-12-31	฿10.30	฿11.60	x
2005-12-31	฿13.47	฿11.60	x
2006-12-31	฿12.39	฿11.60	x
2007-12-31	฿15.23	฿11.60	x
2008-12-31	฿14.67	฿11.60	x
2009-12-31	฿14.22	฿11.60	x
2010-12-31	฿13.35	฿11.60	x
2011-12-31	฿12.98	฿11.60	x
2012-12-31	฿12.96	฿11.60	x
2013-12-31	฿14.18	฿11.60	x
2014-12-31	฿15.41	฿11.60	x
2015-12-31	฿16.13	฿11.60	x
2016-12-31	฿16.89	฿11.60	x
2017-12-31	฿13.52	฿11.60	x
2018-12-31	฿11.99	฿11.60	x
2019-12-31	฿10.03	฿11.60	x
2020-12-31	฿10.26	฿11.60	x
2021-12-31	฿10.15	฿11.60	x
2022-12-31	฿9.63	฿11.60	x
2023-12-31	฿9.33	฿11.60	x
2024-12-31	฿9.09	฿11.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thaicom 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): -0.23%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.95%
• Asset Turnover: 0.16x
• Equity Multiplier: 1.51x
Recent ROE (-0.23%) is below the historical average (4.34%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	16.86%	16.78%	0.36x	2.81x	฿289.12 Million
2001	27.06%	30.29%	0.36x	2.49x	฿985.46 Million
2002	19.63%	25.98%	0.27x	2.83x	฿691.84 Million
2003	13.37%	17.38%	0.25x	3.11x	฿272.45 Million
2004	9.42%	15.38%	0.20x	3.03x	฿-53.04 Million
2005	8.93%	17.47%	0.21x	2.49x	฿-144.92 Million
2006	-0.34%	-0.51%	0.27x	2.43x	฿-1.40 Billion
2007	18.26%	47.24%	0.21x	1.81x	฿1.38 Billion
2008	-4.44%	-10.17%	0.25x	1.77x	฿-2.32 Billion
2009	-3.02%	-6.13%	0.28x	1.76x	฿-2.03 Billion
2010	-5.39%	-11.78%	0.26x	1.77x	฿-2.25 Billion
2011	-3.47%	-6.76%	0.27x	1.92x	฿-1.90 Billion
2012	1.22%	2.39%	0.28x	1.82x	฿-1.25 Billion
2013	7.25%	14.28%	0.29x	1.76x	฿-426.69 Million
2014	9.48%	15.73%	0.33x	1.83x	฿-87.85 Million
2015	12.00%	17.04%	0.37x	1.90x	฿353.76 Million
2016	8.71%	14.00%	0.35x	1.77x	฿-239.19 Million
2017	-17.88%	-39.61%	0.26x	1.75x	฿-4.13 Billion
2018	1.75%	3.81%	0.27x	1.69x	฿-1.08 Billion
2019	-20.46%	-48.25%	0.27x	1.55x	฿-3.35 Billion
2020	4.57%	14.45%	0.21x	1.48x	฿-610.93 Million
2021	1.29%	4.35%	0.22x	1.38x	฿-969.29 Million
2022	0.40%	1.44%	0.20x	1.41x	฿-1.01 Billion
2023	3.46%	13.46%	0.19x	1.38x	฿-669.47 Million
2024	-0.23%	-0.95%	0.16x	1.51x	฿-1.02 Billion

Industry Comparison

This section compares Thaicom Public Company Limited's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $2,982,390,394
Average return on equity (ROE) among peers: 9.93%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thaicom Public Company Limited (THCOM)	฿9.96 Billion	16.86%	0.55x	$396.31 Million
ALT Telecom Public Company Limited (ALT)	$374.01 Million	10.16%	4.74x	$43.74 Million
Interlink Communication Public Company Limited (ILINK)	$5.59 Billion	9.69%	1.07x	$80.32 Million

About Thaicom Public Company Limited

BK:THCOM Thailand Communication Equipment

Market Cap

$396.31 Million

฿12.71 Billion THB

Market Cap Rank

#13735 Global

#146 in Thailand

Share Price

฿11.60

Change (1 day)

+0.00%

52-Week Range

฿6.85 - ฿13.80

All Time High

฿22.78