Tipco Foods Public Company Limited (TIPCO) - Net Assets

Latest as of September 2025: ฿3.74 Billion THB ≈ $116.48 Million USD

Based on the latest financial reports, Tipco Foods Public Company Limited (TIPCO) has net assets worth ฿3.74 Billion THB (≈ $116.48 Million USD) 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 ≈ $179.16 Million USD) and total liabilities (฿2.01 Billion ≈ $62.67 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 Tipco Foods Public Company Limited tangible equity quality to evaluate the tangible quality of the company's equity base.

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. See Tipco Foods Public Company Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see TIPCO stock market capitalisation.

Year	Net Assets	Change
2024-12-31	฿3.71 Billion ≈ $115.52 Million	-11.03%
2023-12-31	฿4.17 Billion ≈ $129.84 Million	-4.47%
2022-12-31	฿4.36 Billion ≈ $135.92 Million	-0.92%
2021-12-31	฿4.40 Billion ≈ $137.17 Million	+4.30%
2020-12-31	฿4.22 Billion ≈ $131.52 Million	+8.00%
2019-12-31	฿3.91 Billion ≈ $121.77 Million	-6.39%
2018-12-31	฿4.17 Billion ≈ $130.08 Million	-4.51%
2017-12-31	฿4.37 Billion ≈ $136.23 Million	-1.62%
2016-12-31	฿4.44 Billion ≈ $138.47 Million	+11.60%
2015-12-31	฿3.98 Billion ≈ $124.08 Million	+44.49%
2014-12-31	฿2.75 Billion ≈ $85.87 Million	-1.89%
2013-12-31	฿2.81 Billion ≈ $87.52 Million	+8.68%
2012-12-31	฿2.58 Billion ≈ $80.53 Million	+7.37%
2011-12-31	฿2.41 Billion ≈ $75.00 Million	+17.28%
2010-12-31	฿2.05 Billion ≈ $63.95 Million	+3.06%
2009-12-31	฿1.99 Billion ≈ $62.05 Million	+4.12%
2008-12-31	฿1.91 Billion ≈ $59.60 Million	+3.96%
2007-12-31	฿1.84 Billion ≈ $57.33 Million	+33.71%
2006-12-31	฿1.38 Billion ≈ $42.87 Million	+15.38%
2005-12-31	฿1.19 Billion ≈ $37.16 Million	+32.61%
2004-12-31	฿899.00 Million ≈ $28.02 Million	+13.74%
2003-12-31	฿790.41 Million ≈ $24.64 Million	+56.26%
2002-12-31	฿505.83 Million ≈ $15.77 Million	+60.84%
2001-12-31	฿314.50 Million ≈ $9.80 Million	+85.64%
2000-12-31	฿169.41 Million ≈ $5.28 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
DHI Group Inc NYSE:DHX	$90.26 Million
Indomobil Multi Jasa Tbk JK:IMJS	$90.27 Million
Barington/Hilco Acquisition NASDAQ:BHAC	$90.28 Million
Bridgemarq Real Estate Services Inc TO:BRE	$90.28 Million
Ryvu Therapeutics SA WAR:RVU	$90.23 Million
Kluang Rubber Company Malaya KLSE:2453	$90.21 Million
Semen Baturaja Persero Tbk JK:SMBR	$90.21 Million
Edel SE & Co. KGaA F:EDL	$90.20 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: 0.77x
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 3.20x to 0.77x 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	฿6.00	x
2005-12-31	฿2.48	฿6.00	x
2006-12-31	฿2.86	฿6.00	x
2007-12-31	฿3.11	฿6.00	x
2008-12-31	฿3.24	฿6.00	x
2009-12-31	฿3.32	฿6.00	x
2010-12-31	฿3.46	฿6.00	x
2011-12-31	฿4.16	฿6.00	x
2012-12-31	฿4.47	฿6.00	x
2013-12-31	฿4.86	฿6.00	x
2014-12-31	฿4.83	฿6.00	x
2015-12-31	฿7.38	฿6.00	x
2016-12-31	฿8.46	฿6.00	x
2017-12-31	฿9.25	฿6.00	x
2018-12-31	฿8.26	฿6.00	x
2019-12-31	฿8.26	฿6.00	x
2020-12-31	฿8.91	฿6.00	x
2021-12-31	฿9.28	฿6.00	x
2022-12-31	฿9.20	฿6.00	x
2023-12-31	฿8.63	฿6.00	x
2024-12-31	฿7.81	฿6.00	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: $4,289,412,362
Average return on equity (ROE) among peers: 22.37%

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	$90.25 Million
Carabao Group Public Company Limited (CBG)	$6.33 Billion	19.82%	0.16x	$1.27 Billion
Carabao Group Public Company Limited (CBG-R)	$6.03 Billion	15.15%	0.17x	$1.85 Billion
Haad Thip Public Company Limited (HTC)	$4.24 Billion	13.40%	0.85x	$199.19 Million
Ichitan Group Public Company Limited (ICHI)	$1.97 Billion	44.89%	2.32x	$542.97 Million
Ichitan Group Public Company Limited (ICHI-R)	$6.22 Billion	6.55%	0.24x	$498.39 Million
Sappe Public Company Limited (SAPPE)	$4.49 Billion	27.89%	0.32x	$285.30 Million
T.A.C. Consumer Public Company Limited (TACC)	$742.43 Million	28.86%	0.43x	$111.27 Million

About Tipco Foods Public Company Limited

BK:TIPCO Thailand Beverages - Non-Alcoholic

Market Cap

$90.25 Million

฿2.90 Billion THB

Market Cap Rank

#19685 Global

#286 in Thailand

Share Price

฿6.00

Change (1 day)

+0.00%

52-Week Range

฿5.95 - ฿9.00

All Time High

฿14.15