Thai Mui Corporation Public Company Limited (THMUI) - Net Assets

Latest as of March 2026: ฿335.00 Million THB ≈ $10.44 Million USD

Based on the latest financial reports, Thai Mui Corporation Public Company Limited (THMUI) has net assets worth ฿335.00 Million THB (≈ $10.44 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿603.40 Million ≈ $18.81 Million USD) and total liabilities (฿268.40 Million ≈ $8.37 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 how tangible is Thai Mui Corporation Public Company Limi's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿335.00 Million
% of Total Assets 55.52%
Annual Growth Rate 18.85%
5-Year Change -11.22%
10-Year Change 100.21%
Growth Volatility 57.89

Thai Mui Corporation Public Company Limited - Net Assets Trend (2014–2025)

This chart illustrates how Thai Mui Corporation Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Thai Mui Corporation Public Company Limi defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Thai Mui Corporation Public Company Limited (2014–2025)

The table below shows the annual net assets of Thai Mui Corporation Public Company Limited from 2014 to 2025. For live valuation and market cap data, see THMUI market cap overview.

Year Net Assets Change
2025-12-31 ฿335.70 Million
≈ $10.46 Million		 +3.47%
2024-12-31 ฿324.45 Million
≈ $10.11 Million		 -14.07%
2023-12-31 ฿377.58 Million
≈ $11.77 Million		 +1.35%
2022-12-31 ฿372.55 Million
≈ $11.61 Million		 -1.47%
2021-12-31 ฿378.13 Million
≈ $11.79 Million		 -0.20%
2020-12-31 ฿378.90 Million
≈ $11.81 Million		 +0.19%
2019-12-31 ฿378.18 Million
≈ $11.79 Million		 -7.84%
2018-12-31 ฿410.36 Million
≈ $12.79 Million		 +4.04%
2017-12-31 ฿394.42 Million
≈ $12.29 Million		 +135.24%
2016-12-31 ฿167.67 Million
≈ $5.23 Million		 +27.32%
2015-12-31 ฿131.69 Million
≈ $4.10 Million		 +162.12%
2014-12-31 ฿50.24 Million
≈ $1.57 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Thai Mui Corporation 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 3350290800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock ฿170.00 Million 49.75%
Other Comprehensive Income ฿5.00 Million 1.46%
Other Components ฿210.68 Million 61.66%
Total Equity ฿341.69 Million 100.00%

Thai Mui Corporation Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai Mui Corporation Public Company Limited ranked by their market capitalization.

Company Market Cap
Minco Capital Corp
V:MMM
 $3.59 Million
BEYOND FRAMES ENTMT AB
F:8WP
 $3.59 Million
Metalore Resources Ltd
V:MET
 $3.60 Million
South HARZ Potash Ltd
AU:SHP
 $3.60 Million
VH Global Sustainable Energy Opportunities PLC
LSE:GSEO
 $3.59 Million
CPD SA
WAR:CPD
 $3.59 Million
ARGO GOLD INC.
F:P3U
 $3.58 Million
Global IBO Group Ltd
NASDAQ:GIBO
 $3.58 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 329,305,134 to 341,693,522, a change of 12,388,388 (3.8%).
  • Net income of 12,388,388 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ฿12.39 Million +3.63%
Total Change ฿- 3.76%

Book Value vs Market Value Analysis

This analysis compares Thai Mui Corporation 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: 0.33x
  • 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 3.46x to 0.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2014-12-31 ฿0.10 ฿0.33 x
2015-12-31 ฿0.39 ฿0.33 x
2016-12-31 ฿0.49 ฿0.33 x
2017-12-31 ฿1.55 ฿0.33 x
2018-12-31 ฿1.21 ฿0.33 x
2019-12-31 ฿1.12 ฿0.33 x
2020-12-31 ฿1.08 ฿0.33 x
2021-12-31 ฿1.08 ฿0.33 x
2022-12-31 ฿1.07 ฿0.33 x
2023-12-31 ฿1.09 ฿0.33 x
2024-12-31 ฿0.97 ฿0.33 x
2025-12-31 ฿1.00 ฿0.33 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Mui Corporation 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): 3.63%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.79%
  • • Asset Turnover: 0.69x
  • • Equity Multiplier: 1.88x
  • Recent ROE (3.63%) is below the historical average (3.63%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2014 24.03% 2.10% 1.10x 10.37x ฿4.55 Million
2015 12.38% 4.28% 1.15x 2.52x ฿3.13 Million
2016 11.28% 5.30% 1.06x 2.00x ฿2.15 Million
2017 5.41% 5.51% 0.83x 1.18x ฿-18.11 Million
2018 7.61% 5.38% 1.08x 1.31x ฿-9.80 Million
2019 -4.09% -4.53% 0.60x 1.51x ฿-53.49 Million
2020 -2.98% -3.35% 0.51x 1.74x ฿-47.81 Million
2021 -0.21% -0.22% 0.54x 1.75x ฿-37.64 Million
2022 -1.53% -1.48% 0.57x 1.82x ฿-41.99 Million
2023 0.53% 0.49% 0.58x 1.89x ฿-35.08 Million
2024 -12.54% -11.65% 0.56x 1.91x ฿-74.23 Million
2025 3.63% 2.79% 0.69x 1.88x ฿-21.78 Million

Industry Comparison

This section compares Thai Mui Corporation Public Company Limited's net assets metrics with peer companies in the Industrial Distribution industry.

Industry Context

  • Industry: Industrial Distribution
  • Average net assets among peers: $741,992,123
  • Average return on equity (ROE) among peers: 26.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thai Mui Corporation Public Company Limited (THMUI) ฿335.00 Million 24.03% 0.80x $3.59 Million
Alla Public Company Limited (ALLA) $958.53 Million 10.54% 0.28x $21.69 Million
Porn Prom Metal Public Company Limited (PPM) $1.19 Billion 10.10% 0.85x $22.76 Million
SiamEast Solutions Public Company Limited (SE) $81.77 Million 57.92% 1.78x $9.95 Million

About Thai Mui Corporation Public Company Limited

BK:THMUI Thailand Industrial Distribution
Market Cap
$3.59 Million
฿115.17 Million THB
Market Cap Rank
#29167 Global
#629 in Thailand
Share Price
฿0.33
Change (1 day)
-13.16%
52-Week Range
฿0.23 - ฿0.40
All Time High
฿2.27
Categories
Companies in Thailand Industrial Distribution
About

Thai Mui Corporation Public Company Limited engages in retail and wholesale of iron ware, wire rope saw, pipes, and loop wire rope in Thailand. The company operates through two segments: Sale and services, and Projects. It also offers elevator, crane and equipment inspection, testing, technical analysis, and transportation service. The company is also involved in plumbing contractor project; cons… Read more