Thai Mui Corporation Public Company Limited (THMUI) - Net Assets
Based on the latest financial reports, Thai Mui Corporation Public Company Limited (THMUI) has net assets worth ฿335.70 Million THB (≈ $10.46 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 (฿642.67 Million ≈ $20.03 Million USD) and total liabilities (฿306.98 Million ≈ $9.57 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 THMUI financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿335.70 Million |
| % of Total Assets | 52.23% |
| 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. Also explore THMUI current and non-current assets for the complete picture of this company's asset base.
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 3816665800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿390.34 Million | 114.24% |
| 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 |
|---|---|
|
S4 Capital PLC
LSE:SFOR
|
$3.29 Million |
|
MT Malcolm Mines NL
AU:M2M
|
$3.29 Million |
|
Blockmate Ventures Inc
V:MATE
|
$3.29 Million |
|
Eagle Pharmaceuticals Inc
NASDAQ:EGRX
|
$3.29 Million |
|
Super Spinning Mills Limited
NSE:SUPERSPIN
|
$3.28 Million |
|
New Zealand Coastal Seafoods Ltd
AU:NZS
|
$3.28 Million |
|
Fly-E Group, Inc. Common Stock
NASDAQ:FLYE
|
$3.28 Million |
|
Bit Origin Ltd
NASDAQ:BTOG
|
$3.28 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: 0.31x
- 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 3.25x to 0.31x 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 | ฿0.31 | x |
| 2015-12-31 | ฿0.39 | ฿0.31 | x |
| 2016-12-31 | ฿0.49 | ฿0.31 | x |
| 2017-12-31 | ฿1.55 | ฿0.31 | x |
| 2018-12-31 | ฿1.21 | ฿0.31 | x |
| 2019-12-31 | ฿1.12 | ฿0.31 | x |
| 2020-12-31 | ฿1.08 | ฿0.31 | x |
| 2021-12-31 | ฿1.08 | ฿0.31 | x |
| 2022-12-31 | ฿1.07 | ฿0.31 | x |
| 2023-12-31 | ฿1.09 | ฿0.31 | x |
| 2024-12-31 | ฿0.97 | ฿0.31 | x |
| 2025-12-31 | ฿1.00 | ฿0.31 | 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: $380,726,092
- Average return on equity (ROE) among peers: 16.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Mui Corporation Public Company Limited (THMUI) | ฿335.70 Million | 24.03% | 0.91x | $3.29 Million |
| Alla Public Company Limited (ALLA) | $344.85 Million | 29.18% | 0.87x | $23.19 Million |
| Porn Prom Metal Public Company Limited (PPM) | $486.14 Million | 11.23% | 1.07x | $20.91 Million |
| SiamEast Solutions Public Company Limited (SE) | $311.19 Million | 8.53% | 0.35x | $10.59 Million |
About Thai Mui Corporation Public Company Limited
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