Techno Medical Public Company Limited (TM) - Net Assets

Latest as of March 2026: ฿456.28 Million THB ≈ $14.22 Million USD

Based on the latest financial reports, Techno Medical Public Company Limited (TM) has net assets worth ฿456.28 Million THB (≈ $14.22 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 (฿916.99 Million ≈ $28.58 Million USD) and total liabilities (฿460.71 Million ≈ $14.36 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 Techno Medical Public Company Limited (TM) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿456.28 Million
% of Total Assets	49.76%
Annual Growth Rate	7.25%
5-Year Change	-11.42%
10-Year Change	25.78%
Growth Volatility	139.54

Techno Medical Public Company Limited - Net Assets Trend (2004–2025)

This chart illustrates how Techno Medical Public Company Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Techno Medical Public Company Limited to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Techno Medical Public Company Limited (2004–2025)

The table below shows the annual net assets of Techno Medical Public Company Limited from 2004 to 2025. For live valuation and market cap data, see TM stock market capitalisation.

Year	Net Assets	Change
2025-12-31	฿448.50 Million ≈ $13.98 Million	+6.75%
2024-12-31	฿420.14 Million ≈ $13.10 Million	-8.95%
2023-12-31	฿461.44 Million ≈ $14.38 Million	-5.59%
2022-12-31	฿488.76 Million ≈ $15.23 Million	-3.47%
2021-12-31	฿506.32 Million ≈ $15.78 Million	+7.18%
2020-12-31	฿472.39 Million ≈ $14.72 Million	+5.80%
2019-12-31	฿446.51 Million ≈ $13.92 Million	+7.94%
2018-12-31	฿413.68 Million ≈ $12.89 Million	+5.97%
2017-12-31	฿390.39 Million ≈ $12.17 Million	+9.48%
2016-12-31	฿356.57 Million ≈ $11.11 Million	+122.49%
2015-12-31	฿160.27 Million ≈ $5.00 Million	+21.94%
2014-12-31	฿131.43 Million ≈ $4.10 Million	+35.74%
2013-12-31	฿96.83 Million ≈ $3.02 Million	+18.65%
2012-12-31	฿81.61 Million ≈ $2.54 Million	+569.69%
2011-12-31	฿12.19 Million ≈ $379.83K	+295.52%
2010-12-31	฿3.08 Million ≈ $96.03K	+1.55%
2009-12-31	฿3.03 Million ≈ $94.57K	-95.40%
2008-12-31	฿65.93 Million ≈ $2.06 Million	-46.99%
2007-12-31	฿124.37 Million ≈ $3.88 Million	-65.96%
2006-12-31	฿365.33 Million ≈ $11.39 Million	+64.27%
2005-12-31	฿222.40 Million ≈ $6.93 Million	+115.75%
2004-12-31	฿103.08 Million ≈ $3.21 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Techno Medical 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 1688.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿55.13 Million	13.33%
Common Stock	฿154.00 Million	37.22%
Other Comprehensive Income	฿20.53 Million	4.96%
Other Components	฿184.03 Million	44.48%
Total Equity	฿413.70 Million	100.00%

Techno Medical Public Company Limited Competitors by Market Cap

The table below lists competitors of Techno Medical Public Company Limited ranked by their market capitalization.

Company	Market Cap
Crown Energy AB (publ) F:CWE	$8.93 Million
Yoshitsu Co Ltd ADR NASDAQ:TKLF	$8.93 Million
BAIYU Holdings Inc. NASDAQ:BYU	$8.94 Million
Cherry AG XETRA:C3RY	$8.95 Million
WAG Payment Solutions PLC LSE:WPS	$8.93 Million
ATAM VALVES ORD (BSE) NSE:ATAM	$8.92 Million
Oxford BioMedica PLC LSE:OXB	$8.92 Million
Total Transport Systems Limited NSE:TOTAL	$8.91 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 379,895,016 to 413,703,257, a change of 33,808,241 (8.9%).
Net income of 27,514,831 contributed positively to equity growth.
Other comprehensive income increased equity by 2,153,333.
Other factors increased equity by 4,140,077.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿27.51 Million	+6.65%
Other Comprehensive Income	฿2.15 Million	+0.52%
Other Changes	฿4.14 Million	+1.0%
Total Change	฿-	8.90%

Book Value vs Market Value Analysis

This analysis compares Techno Medical 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: 0.69x
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 increased from 0.58x to 0.69x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿1.61	฿0.93	x
2013-12-31	฿1.91	฿0.93	x
2014-12-31	฿2.60	฿0.93	x
2015-12-31	฿3.17	฿0.93	x
2016-12-31	฿1.51	฿0.93	x
2017-12-31	฿1.27	฿0.93	x
2018-12-31	฿1.34	฿0.93	x
2019-12-31	฿1.45	฿0.93	x
2020-12-31	฿1.45	฿0.93	x
2021-12-31	฿1.45	฿0.93	x
2022-12-31	฿1.40	฿0.93	x
2023-12-31	฿1.34	฿0.93	x
2024-12-31	฿1.23	฿0.93	x
2025-12-31	฿1.34	฿0.93	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Techno Medical 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): 6.65%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.90%
• Asset Turnover: 0.81x
• Equity Multiplier: 2.10x
Recent ROE (6.65%) is below the historical average (17.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	40.96%	6.72%	1.96x	3.11x	฿31.91 Million
2005	20.33%	4.60%	1.49x	2.97x	฿22.97 Million
2006	13.78%	4.24%	1.51x	2.16x	฿13.81 Million
2011	74.72%	0.62%	1.34x	89.31x	฿7.89 Million
2012	31.49%	7.90%	1.11x	3.59x	฿17.53 Million
2013	20.88%	5.58%	1.06x	3.52x	฿10.53 Million
2014	26.33%	8.56%	1.13x	2.72x	฿21.46 Million
2015	17.99%	5.64%	0.98x	3.26x	฿12.81 Million
2016	7.55%	4.84%	0.79x	1.97x	฿-8.75 Million
2017	9.06%	5.63%	0.89x	1.82x	฿-3.67 Million
2018	11.68%	7.50%	0.88x	1.76x	฿6.93 Million
2019	13.64%	8.88%	0.88x	1.75x	฿16.27 Million
2020	9.18%	6.51%	0.86x	1.65x	฿-3.68 Million
2021	6.82%	4.52%	0.80x	1.88x	฿-14.22 Million
2022	3.01%	2.02%	0.69x	2.15x	฿-30.17 Million
2023	-1.09%	-0.64%	0.71x	2.39x	฿-45.66 Million
2024	-5.70%	-2.98%	0.80x	2.39x	฿-59.63 Million
2025	6.65%	3.90%	0.81x	2.10x	฿-13.86 Million

Industry Comparison

This section compares Techno Medical Public Company Limited's net assets metrics with peer companies in the Medical Distribution industry.

Industry Context

Industry: Medical Distribution
Average net assets among peers: $583,258,000
Average return on equity (ROE) among peers: 7.64%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Techno Medical Public Company Limited (TM)	฿456.28 Million	40.96%	1.01x	$8.93 Million
E for L Aim Public Company Limited (EFORL)	$583.26 Million	7.64%	1.15x	$16.20 Million

About Techno Medical Public Company Limited

BK:TM Thailand Medical Distribution

Market Cap

$8.93 Million

฿286.44 Million THB

Market Cap Rank

#27343 Global

#571 in Thailand

Share Price

฿0.93

Change (1 day)

+1.09%

52-Week Range

฿0.71 - ฿1.11

All Time High

฿4.51