Tipco Foods Public Company Limited
Tipco Foods Public Company Limited manufactures and distributes mineral water in Thailand and internationally. It operates through Products of Vegetable & Fruit, Beverage, and Other segments. The company offers processed fruit products that include aseptic pineapple juice concentrate, crushed pineapple, and pineapple in retort pouch and plastic cup. It also produces extracts from natural substanc… Read more
Tipco Foods Public Company Limited (TIPCO) - Net Assets
Latest net assets as of September 2025: ฿3.74 Billion THB
Based on the latest financial reports, Tipco Foods Public Company Limited (TIPCO) has net assets worth ฿3.74 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.75 Billion) and total liabilities (฿2.01 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 | ฿3.74 Billion |
| % of Total Assets | 65.02% |
| Annual Growth Rate | 13.72% |
| 5-Year Change | -12.16% |
| 10-Year Change | -6.9% |
| Growth Volatility | 23.87 |
Tipco Foods Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Tipco Foods 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 Tipco Foods Public Company Limited (2000–2024)
The table below shows the annual net assets of Tipco Foods Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.71 Billion | -11.03% |
| 2023-12-31 | ฿4.17 Billion | -4.47% |
| 2022-12-31 | ฿4.36 Billion | -0.92% |
| 2021-12-31 | ฿4.40 Billion | +4.30% |
| 2020-12-31 | ฿4.22 Billion | +8.00% |
| 2019-12-31 | ฿3.91 Billion | -6.39% |
| 2018-12-31 | ฿4.17 Billion | -4.51% |
| 2017-12-31 | ฿4.37 Billion | -1.62% |
| 2016-12-31 | ฿4.44 Billion | +11.60% |
| 2015-12-31 | ฿3.98 Billion | +44.49% |
| 2014-12-31 | ฿2.75 Billion | -1.89% |
| 2013-12-31 | ฿2.81 Billion | +8.68% |
| 2012-12-31 | ฿2.58 Billion | +7.37% |
| 2011-12-31 | ฿2.41 Billion | +17.28% |
| 2010-12-31 | ฿2.05 Billion | +3.06% |
| 2009-12-31 | ฿1.99 Billion | +4.12% |
| 2008-12-31 | ฿1.91 Billion | +3.96% |
| 2007-12-31 | ฿1.84 Billion | +33.71% |
| 2006-12-31 | ฿1.38 Billion | +15.38% |
| 2005-12-31 | ฿1.19 Billion | +32.61% |
| 2004-12-31 | ฿899.00 Million | +13.74% |
| 2003-12-31 | ฿790.41 Million | +56.26% |
| 2002-12-31 | ฿505.83 Million | +60.84% |
| 2001-12-31 | ฿314.50 Million | +85.64% |
| 2000-12-31 | ฿169.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tipco Foods 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 352734948500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.53 Billion | 93.23% |
| Common Stock | ฿482.58 Million | 12.75% |
| Other Comprehensive Income | ฿50.00 Million | 1.32% |
| Total Equity | ฿3.78 Billion | 100.00% |
Tipco Foods Public Company Limited Competitors by Market Cap
The table below lists competitors of Tipco Foods Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Bancorp of Indiana Inc
PINK:FBPI
|
$12.02 Million |
|
Han Chang Pape
KO:009460
|
$12.03 Million |
|
Altin Yunus Cesme Turistik Tesisler AS
IS:AYCES
|
$12.03 Million |
|
Pollux Properti Indonesia Tbk PT
JK:POLL
|
$12.03 Million |
|
Less Mess Storage Inc.
V:LMS
|
$12.02 Million |
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$12.02 Million |
|
Pegasus Heights Bhd
KLSE:4464
|
$12.01 Million |
|
Multi Makmur Lemindo
JK:PIPA
|
$12.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tipco Foods Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,165,624,146 to 3,783,679,382, a change of -381,944,764 (-9.2%).
- Net loss of 92,102,466 reduced equity.
- Dividend payments of 304,021,960 reduced retained earnings.
- Other comprehensive income increased equity by 79,209,991.
- Other factors decreased equity by 65,030,329.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-92.10 Million | -2.43% |
| Dividends Paid | ฿304.02 Million | -8.04% |
| Other Comprehensive Income | ฿79.21 Million | +2.09% |
| Other Changes | ฿-65.03 Million | -1.72% |
| Total Change | ฿- | -9.17% |
Book Value vs Market Value Analysis
This analysis compares Tipco Foods 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: 0.87x
- 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 3.63x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿1.87 | ฿6.80 | x |
| 2005-12-31 | ฿2.48 | ฿6.80 | x |
| 2006-12-31 | ฿2.86 | ฿6.80 | x |
| 2007-12-31 | ฿3.11 | ฿6.80 | x |
| 2008-12-31 | ฿3.24 | ฿6.80 | x |
| 2009-12-31 | ฿3.32 | ฿6.80 | x |
| 2010-12-31 | ฿3.46 | ฿6.80 | x |
| 2011-12-31 | ฿4.16 | ฿6.80 | x |
| 2012-12-31 | ฿4.47 | ฿6.80 | x |
| 2013-12-31 | ฿4.86 | ฿6.80 | x |
| 2014-12-31 | ฿4.83 | ฿6.80 | x |
| 2015-12-31 | ฿7.38 | ฿6.80 | x |
| 2016-12-31 | ฿8.46 | ฿6.80 | x |
| 2017-12-31 | ฿9.25 | ฿6.80 | x |
| 2018-12-31 | ฿8.26 | ฿6.80 | x |
| 2019-12-31 | ฿8.26 | ฿6.80 | x |
| 2020-12-31 | ฿8.91 | ฿6.80 | x |
| 2021-12-31 | ฿9.28 | ฿6.80 | x |
| 2022-12-31 | ฿9.20 | ฿6.80 | x |
| 2023-12-31 | ฿8.63 | ฿6.80 | x |
| 2024-12-31 | ฿7.81 | ฿6.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tipco Foods 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): -2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.71%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.56x
- Recent ROE (-2.43%) is below the historical average (19.09%), 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 | 64.54% | 5.90% | 0.82x | 13.32x | ฿92.19 Million |
| 2001 | 48.16% | 7.93% | 0.88x | 6.92x | ฿120.01 Million |
| 2002 | 38.08% | 8.34% | 1.20x | 3.82x | ฿142.02 Million |
| 2003 | 37.66% | 11.32% | 1.33x | 2.50x | ฿218.60 Million |
| 2004 | 31.07% | 7.88% | 1.48x | 2.67x | ฿189.40 Million |
| 2005 | 27.32% | 8.61% | 1.19x | 2.66x | ฿206.45 Million |
| 2006 | 28.90% | 10.01% | 0.95x | 3.05x | ฿259.97 Million |
| 2007 | 36.77% | 10.55% | 1.15x | 3.03x | ฿402.34 Million |
| 2008 | 3.71% | 1.13% | 1.05x | 3.12x | ฿-98.36 Million |
| 2009 | 12.56% | 4.63% | 0.95x | 2.85x | ฿42.02 Million |
| 2010 | 8.80% | 3.12% | 0.98x | 2.87x | ฿-20.11 Million |
| 2011 | 17.10% | 7.12% | 0.84x | 2.86x | ฿142.63 Million |
| 2012 | 10.17% | 4.03% | 0.91x | 2.77x | ฿3.68 Million |
| 2013 | 4.88% | 2.05% | 0.91x | 2.63x | ฿-120.17 Million |
| 2014 | 3.34% | 1.41% | 1.00x | 2.37x | ฿-155.16 Million |
| 2015 | 33.35% | 22.26% | 0.79x | 1.88x | ฿832.08 Million |
| 2016 | 19.98% | 15.43% | 0.77x | 1.67x | ฿406.35 Million |
| 2017 | 15.79% | 14.43% | 0.70x | 1.56x | ฿257.66 Million |
| 2018 | -0.73% | -0.73% | 0.60x | 1.66x | ฿-456.14 Million |
| 2019 | 5.21% | 5.83% | 0.53x | 1.67x | ฿-190.94 Million |
| 2020 | 11.21% | 19.27% | 0.39x | 1.51x | ฿51.94 Million |
| 2021 | 9.57% | 17.66% | 0.38x | 1.44x | ฿-19.41 Million |
| 2022 | 6.30% | 9.66% | 0.44x | 1.47x | ฿-164.17 Million |
| 2023 | 5.90% | 9.70% | 0.40x | 1.53x | ฿-170.82 Million |
| 2024 | -2.43% | -4.71% | 0.33x | 1.56x | ฿-470.47 Million |
Industry Comparison
This section compares Tipco Foods Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $3,859,332,311
- Average return on equity (ROE) among peers: 26.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tipco Foods Public Company Limited (TIPCO) | ฿3.74 Billion | 64.54% | 0.54x | $12.02 Million |
| Carabao Group Public Company Limited (CBG-R) | $7.10 Billion | 20.98% | 0.38x | $487.33 Million |
| Ichitan Group Public Company Limited (ICHI-R) | $6.22 Billion | 6.55% | 0.24x | $240.16 Million |
| OSOTSPA PCL-NVDR (OSP-R) | $3.44 Billion | 82.39% | 3.42x | $870.97 Million |
| Royal Plus PCL (PLUS) | $207.10 Million | 0.63% | 2.62x | $9.73 Million |
| Sappe Public Company Limited (SAPPE) | $1.56 Billion | 23.17% | 0.34x | $67.50 Million |
| Sermsuk Public Company Limited (SSC) | $8.45 Billion | -3.61% | 0.40x | $131.25 Million |
| T.A.C. Consumer Public Company Limited (TACC) | $44.62 Million | 58.03% | 4.26x | $72.94 Million |