Ngern Tid Lor Public Company Limited
Tidlor Holdings Public Company Limited provides auto-for-cash loans to self-employed microentrepreneurs in Thailand. The company offers title loans for motorcycles, sedan-pickups, trucks, and used trucks; and various insurance products, such as auto, truck, motorcycle, cancer, personal accident, home, travel, and third party, as well as hire purchase for vehicles. It also acts as a life and non-l… Read more
Ngern Tid Lor Public Company Limited (TIDLOR) - Net Assets
Latest net assets as of September 2025: ฿34.39 Million THB
Based on the latest financial reports, Ngern Tid Lor Public Company Limited (TIDLOR) has net assets worth ฿34.39 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿109.71 Million) and total liabilities (฿75.32 Million). 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 | ฿34.39 Million |
| % of Total Assets | 31.34% |
| Annual Growth Rate | 34.5% |
| 5-Year Change | 159.84% |
| 10-Year Change | N/A |
| Growth Volatility | 32.88 |
Ngern Tid Lor Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Ngern Tid Lor 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 Ngern Tid Lor Public Company Limited (2016–2024)
The table below shows the annual net assets of Ngern Tid Lor Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿30.53 Billion | +7.40% |
| 2023-12-31 | ฿28.42 Billion | +11.81% |
| 2022-12-31 | ฿25.42 Billion | +13.47% |
| 2021-12-31 | ฿22.40 Billion | +90.70% |
| 2020-12-31 | ฿11.75 Billion | +25.71% |
| 2019-12-31 | ฿9.35 Billion | +13.83% |
| 2018-12-31 | ฿8.21 Billion | +90.27% |
| 2017-12-31 | ฿4.31 Billion | +51.39% |
| 2016-12-31 | ฿2.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ngern Tid Lor 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 140.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿11.38 Billion | 37.27% |
| Other Components | ฿19.15 Billion | 62.73% |
| Total Equity | ฿30.53 Billion | 100.00% |
Ngern Tid Lor Public Company Limited Competitors by Market Cap
The table below lists competitors of Ngern Tid Lor Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cablevisión Holding S.A
PINK:CVHSY
|
$592.21 Million |
|
ABBISKO CAYMAN DL-00001
F:8ZD
|
$592.27 Million |
|
ZKH Group Limited
NYSE:ZKH
|
$592.31 Million |
|
VGI Public Company Limited
BK:VGI-R
|
$592.33 Million |
|
Solid Power Inc
NASDAQ:SLDP
|
$592.17 Million |
|
POLAR CAP.HLDGS LS -025
F:XZF
|
$592.01 Million |
|
Onechance
SHE:300792
|
$591.84 Million |
|
Almacenes Ãxito S.A.
NYSE:EXTO
|
$591.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ngern Tid Lor Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,423,517,000 to 30,527,062,000, a change of 2,103,545,000 (7.4%).
- Net income of 4,230,480,000 contributed positively to equity growth.
- Dividend payments of 758,120,000 reduced retained earnings.
- Share repurchases of 40,716,000 reduced equity.
- Other comprehensive income decreased equity by 988,727,000.
- Other factors decreased equity by 339,372,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿4.23 Billion | +13.86% |
| Dividends Paid | ฿758.12 Million | -2.48% |
| Share Repurchases | ฿40.72 Million | -0.13% |
| Other Comprehensive Income | ฿-988.73 Million | -3.24% |
| Other Changes | ฿-339.37 Million | -1.11% |
| Total Change | ฿- | 7.40% |
Book Value vs Market Value Analysis
This analysis compares Ngern Tid Lor 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: 1.57x
- 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 |
|---|---|---|---|
| 2016-12-31 | ฿0.00 | ฿16.50 | x |
| 2017-12-31 | ฿0.00 | ฿16.50 | x |
| 2018-12-31 | ฿0.00 | ฿16.50 | x |
| 2019-12-31 | ฿3.33 | ฿16.50 | x |
| 2020-12-31 | ฿4.18 | ฿16.50 | x |
| 2021-12-31 | ฿8.23 | ฿16.50 | x |
| 2022-12-31 | ฿9.30 | ฿16.50 | x |
| 2023-12-31 | ฿10.15 | ฿16.50 | x |
| 2024-12-31 | ฿10.48 | ฿16.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ngern Tid Lor 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): 13.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.14%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 3.49x
- Recent ROE (13.86%) is above the historical average (12.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.12% | 23.46% | 0.76x | 0.29x | ฿-1.04 Billion |
| 2017 | 5.78% | 26.83% | 0.76x | 0.28x | ฿-1.14 Billion |
| 2018 | 4.06% | 21.54% | 0.57x | 0.33x | ฿-2.39 Billion |
| 2019 | 23.56% | 23.33% | 0.19x | 5.18x | ฿1.27 Billion |
| 2020 | 20.57% | 22.95% | 0.20x | 4.54x | ฿1.24 Billion |
| 2021 | 14.14% | 26.36% | 0.18x | 2.97x | ฿928.41 Million |
| 2022 | 14.32% | 23.88% | 0.18x | 3.33x | ฿1.10 Billion |
| 2023 | 13.34% | 19.98% | 0.19x | 3.52x | ฿948.07 Million |
| 2024 | 13.86% | 19.14% | 0.21x | 3.49x | ฿1.18 Billion |
Industry Comparison
This section compares Ngern Tid Lor Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,462,560,682
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ngern Tid Lor Public Company Limited (TIDLOR) | ฿34.39 Million | 5.12% | 2.19x | $592.18 Million |
| ASIA Capital Group Public Company Limited (ACAP) | $1.00 Billion | 21.24% | 3.53x | $1.71 Million |
| AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) | $3.93 Billion | 27.71% | 6.13x | $163.14 Million |
| AIRA Factoring Public Company Limited (AF) | $127.47 Million | -18.31% | 5.77x | $1.14 Million |
| Amanah Leasing Public Company Limited (AMANAH) | $1.37 Billion | 18.08% | 1.58x | $12.17 Million |
| Asia Sermkij Leasing Public Company Limited (ASK) | $1.95 Billion | 14.85% | 6.89x | $93.23 Million |
| Chase Asia PCL (CHASE) | $-209.42 Million | 0.00% | 0.00x | $7.20 Million |
| Chayo Group Public Company Limited (CHAYO) | $201.79 Million | 2.02% | 0.17x | $19.33 Million |
| Eastern Commercial Leasing Public Company Limited (ECL) | $678.63 Million | 6.76% | 1.76x | $11.11 Million |
| G Capital Public Company Limited (GCAP) | $329.74 Million | 16.74% | 1.97x | $3.52 Million |
| Heng Leasing & Capital PCL (HENG) | $5.24 Billion | 8.79% | 1.34x | $38.71 Million |