Thantawan Industry Public Company Limited
Thantawan Industry Public Company Limited engages in the manufacture and sale of plastic products in Thailand, Europe, rest of Asia, America, Australia, and Africa. The company offers drinking straws, zipper and slider bags, general bags, cling wraps, zip profiles, and body scrubs; compostable products comprising paper and bio straws; shopping bags, gloves, cutlery and agricultural films, and gar… Read more
Thantawan Industry Public Company Limited (THIP) - Net Assets
Latest net assets as of December 2025: ฿2.81 Billion THB
Based on the latest financial reports, Thantawan Industry Public Company Limited (THIP) has net assets worth ฿2.81 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.35 Billion) and total liabilities (฿1.55 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 | ฿2.81 Billion |
| % of Total Assets | 64.42% |
| Annual Growth Rate | 8.21% |
| 5-Year Change | 21.27% |
| 10-Year Change | 108.75% |
| Growth Volatility | 6.41 |
Thantawan Industry Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Thantawan Industry 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 Thantawan Industry Public Company Limited (2000–2025)
The table below shows the annual net assets of Thantawan Industry Public Company Limited from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.81 Billion | +1.45% |
| 2024-12-31 | ฿2.77 Billion | +4.62% |
| 2023-12-31 | ฿2.64 Billion | +5.09% |
| 2022-12-31 | ฿2.52 Billion | +8.72% |
| 2021-12-31 | ฿2.31 Billion | +14.86% |
| 2020-12-31 | ฿2.01 Billion | +11.38% |
| 2019-12-31 | ฿1.81 Billion | +8.61% |
| 2018-12-31 | ฿1.66 Billion | +10.48% |
| 2017-12-31 | ฿1.51 Billion | +12.13% |
| 2016-12-31 | ฿1.34 Billion | +21.14% |
| 2015-12-31 | ฿1.11 Billion | +21.61% |
| 2014-12-31 | ฿912.29 Million | +9.06% |
| 2013-12-31 | ฿836.48 Million | +11.38% |
| 2012-12-31 | ฿751.03 Million | +10.45% |
| 2011-12-31 | ฿679.99 Million | +5.14% |
| 2010-12-31 | ฿646.77 Million | +6.10% |
| 2009-12-31 | ฿609.57 Million | +11.14% |
| 2008-12-31 | ฿548.47 Million | +0.51% |
| 2007-12-31 | ฿545.67 Million | +5.46% |
| 2006-12-31 | ฿517.43 Million | +3.02% |
| 2005-12-31 | ฿502.27 Million | +20.41% |
| 2004-12-31 | ฿417.15 Million | -4.36% |
| 2003-12-31 | ฿436.15 Million | -1.10% |
| 2002-12-31 | ฿441.02 Million | +4.80% |
| 2001-12-31 | ฿420.80 Million | +7.88% |
| 2000-12-31 | ฿390.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thantawan Industry 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 1388.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.58 Billion | 91.95% |
| Other Components | ฿225.74 Million | 8.05% |
| Total Equity | ฿2.81 Billion | 100.00% |
Thantawan Industry Public Company Limited Competitors by Market Cap
The table below lists competitors of Thantawan Industry Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVERCHINA INT.HDGS.
F:ICHA
|
$25.64 Million |
|
Green Cross Medical Science Corporation
KQ:142280
|
$25.64 Million |
|
H.H.Galaxy Co., Ltd.
TWO:2949
|
$25.64 Million |
|
Taiwan Name Plate Co. Ltd.
TWO:6593
|
$25.65 Million |
|
Cobre Ltd
AU:CBE
|
$25.64 Million |
|
Berjaya Assets Bhd
KLSE:3239
|
$25.63 Million |
|
TDM Berhad
KLSE:2054
|
$25.63 Million |
|
Negri Sembilan Oil Palms Bhd
KLSE:2038
|
$25.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thantawan Industry Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,765,481,165 to 2,805,485,966, a change of 40,004,801 (1.4%).
- Net income of 206,685,958 contributed positively to equity growth.
- Dividend payments of 144,749,936 reduced retained earnings.
- Other comprehensive income decreased equity by 10,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿206.69 Million | +7.37% |
| Dividends Paid | ฿144.75 Million | -5.16% |
| Other Comprehensive Income | ฿-10.00 Million | -0.36% |
| Other Changes | ฿-11.93 Million | -0.43% |
| Total Change | ฿- | 1.45% |
Book Value vs Market Value Analysis
This analysis compares Thantawan Industry 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: 0.73x
- 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 4.34x to 0.73x 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 | ฿5.22 | ฿22.65 | x |
| 2007-12-31 | ฿5.51 | ฿22.65 | x |
| 2008-12-31 | ฿5.54 | ฿22.65 | x |
| 2009-12-31 | ฿6.16 | ฿22.65 | x |
| 2010-12-31 | ฿6.53 | ฿22.65 | x |
| 2011-12-31 | ฿6.87 | ฿22.65 | x |
| 2012-12-31 | ฿7.59 | ฿22.65 | x |
| 2013-12-31 | ฿8.45 | ฿22.65 | x |
| 2014-12-31 | ฿9.22 | ฿22.65 | x |
| 2015-12-31 | ฿11.21 | ฿22.65 | x |
| 2016-12-31 | ฿13.58 | ฿22.65 | x |
| 2017-12-31 | ฿15.21 | ฿22.65 | x |
| 2018-12-31 | ฿16.82 | ฿22.65 | x |
| 2019-12-31 | ฿20.09 | ฿22.65 | x |
| 2020-12-31 | ฿22.38 | ฿22.65 | x |
| 2021-12-31 | ฿25.71 | ฿22.65 | x |
| 2022-12-31 | ฿27.95 | ฿22.65 | x |
| 2023-12-31 | ฿29.41 | ฿22.65 | x |
| 2024-12-31 | ฿30.77 | ฿22.65 | x |
| 2025-12-31 | ฿31.17 | ฿22.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thantawan Industry 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): 7.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.28%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.55x
- Recent ROE (7.37%) is below the historical average (11.90%), 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 | 9.83% | 5.09% | 1.44x | 1.34x | ฿-645.50K |
| 2001 | 9.68% | 5.38% | 1.44x | 1.25x | ฿-1.36 Million |
| 2002 | 6.85% | 4.34% | 1.26x | 1.25x | ฿-13.89 Million |
| 2003 | 0.72% | 0.44% | 1.34x | 1.22x | ฿-40.48 Million |
| 2005 | 18.54% | 11.60% | 1.30x | 1.23x | ฿42.89 Million |
| 2006 | 5.25% | 3.17% | 1.38x | 1.20x | ฿-24.59 Million |
| 2007 | 6.64% | 3.96% | 1.47x | 1.15x | ฿-18.33 Million |
| 2008 | 1.95% | 1.08% | 1.58x | 1.14x | ฿-44.17 Million |
| 2009 | 10.68% | 6.13% | 1.41x | 1.24x | ฿4.13 Million |
| 2010 | 8.24% | 4.36% | 1.54x | 1.22x | ฿-11.41 Million |
| 2011 | 8.95% | 4.31% | 1.67x | 1.25x | ฿-7.12 Million |
| 2012 | 12.12% | 5.85% | 1.69x | 1.23x | ฿15.94 Million |
| 2013 | 13.25% | 6.65% | 1.57x | 1.27x | ฿27.23 Million |
| 2014 | 13.16% | 5.78% | 1.76x | 1.29x | ฿28.82 Million |
| 2015 | 21.76% | 10.36% | 1.65x | 1.28x | ฿130.50 Million |
| 2016 | 24.11% | 12.10% | 1.51x | 1.32x | ฿189.63 Million |
| 2017 | 18.38% | 9.58% | 1.47x | 1.30x | ฿126.26 Million |
| 2018 | 15.52% | 8.47% | 1.48x | 1.24x | ฿91.90 Million |
| 2019 | 13.52% | 8.08% | 1.37x | 1.22x | ฿63.69 Million |
| 2020 | 17.27% | 10.88% | 1.27x | 1.25x | ฿146.39 Million |
| 2021 | 16.55% | 10.18% | 1.27x | 1.28x | ฿151.47 Million |
| 2022 | 14.43% | 8.91% | 1.35x | 1.20x | ฿111.53 Million |
| 2023 | 10.91% | 8.46% | 1.08x | 1.20x | ฿24.18 Million |
| 2024 | 11.90% | 7.69% | 1.14x | 1.36x | ฿52.44 Million |
| 2025 | 7.37% | 4.28% | 1.11x | 1.55x | ฿-73.86 Million |
Industry Comparison
This section compares Thantawan Industry Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $18,176,686,362
- Average return on equity (ROE) among peers: 10.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thantawan Industry Public Company Limited (THIP) | ฿2.81 Billion | 9.83% | 0.55x | $25.64 Million |
| A.J. Plast Public Company Limited (AJ) | $4.49 Billion | -8.17% | 2.18x | $16.76 Million |
| BG Container Glass Public Company Limited (BGC) | $5.49 Billion | 9.54% | 2.41x | $20.50 Million |
| Crown Seal Public Company Limited (CSC) | $3.09 Billion | 8.09% | 0.19x | $21.57 Million |
| Multibax Public Company Limited (MBAX) | $145.76 Million | 53.71% | 4.54x | $5.52 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $814.10 Million | 9.96% | 1.69x | $4.02 Million |
| Prodigy Public Company Limited (PDG) | $594.82 Million | 4.86% | 0.18x | $9.16 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.10 Billion | 10.43% | 1.61x | $19.20 Million |
| PMC LABEL MATERIALS PUBLIC COMPANY LIMITED (PMC) | $547.95 Million | 7.39% | 0.94x | $2.85 Million |
| SCG Packaging Public Company Limited (SCGP) | $109.84 Billion | 5.88% | 0.57x | $553.20 Million |
| SCG PACKAGING PCL-NVDR (SCGP-R) | $55.65 Billion | 7.95% | 0.64x | $544.28 Million |