T.M.C. Industrial Public Company Limited
T.M.C. Industrial Public Company Limited manufactures and distributes hydraulic machinery and handling equipment in Thailand and internationally. It operates through four segments: Manufacture and Distribution of Machinery; Services; Project Construction Service; and Health Services. The company engages in the manufacturing and distribution of hydraulic machines, such as press machines, cranes, a… Read more
T.M.C. Industrial Public Company Limited (TMC) - Net Assets
Latest net assets as of December 2025: ฿580.54 Million THB
Based on the latest financial reports, T.M.C. Industrial Public Company Limited (TMC) has net assets worth ฿580.54 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿654.69 Million) and total liabilities (฿74.15 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 | ฿580.54 Million |
| % of Total Assets | 88.67% |
| Annual Growth Rate | 6.75% |
| 5-Year Change | 76.71% |
| 10-Year Change | 28.4% |
| Growth Volatility | 55.71 |
T.M.C. Industrial Public Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how T.M.C. Industrial 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 T.M.C. Industrial Public Company Limited (2011–2025)
The table below shows the annual net assets of T.M.C. Industrial Public Company Limited from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿580.54 Million | -2.41% |
| 2024-12-31 | ฿594.88 Million | -3.59% |
| 2023-12-31 | ฿617.03 Million | +3.67% |
| 2022-12-31 | ฿595.16 Million | +81.16% |
| 2021-12-31 | ฿328.52 Million | -11.26% |
| 2020-12-31 | ฿370.22 Million | -12.73% |
| 2019-12-31 | ฿424.21 Million | -15.17% |
| 2018-12-31 | ฿500.04 Million | -11.99% |
| 2017-12-31 | ฿568.19 Million | +25.67% |
| 2016-12-31 | ฿452.14 Million | -34.22% |
| 2015-12-31 | ฿687.33 Million | +14.10% |
| 2014-12-31 | ฿602.40 Million | -9.00% |
| 2013-12-31 | ฿661.98 Million | -2.96% |
| 2012-12-31 | ฿682.15 Million | +193.23% |
| 2011-12-31 | ฿232.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to T.M.C. Industrial 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 226.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿107.00 Million | 18.43% |
| Other Components | ฿473.54 Million | 81.57% |
| Total Equity | ฿580.54 Million | 100.00% |
T.M.C. Industrial Public Company Limited Competitors by Market Cap
The table below lists competitors of T.M.C. Industrial Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DOUBLED.INTERAC.SP.ADS/20
F:DDI
|
$6.15 Million |
|
Multi Indocitra Tbk
JK:MICE
|
$6.15 Million |
|
Mene Inc
PINK:MENEF
|
$6.15 Million |
|
Gokul Refoils and Solvent Limited
NSE:GOKUL
|
$6.15 Million |
|
Verimatrix Société anonyme
F:I3Q
|
$6.14 Million |
|
NightFood Holdings Inc
OTCQB:NGTF
|
$6.14 Million |
|
Securemetric Berhad
KLSE:0203
|
$6.14 Million |
|
Imperial Equities Inc.
V:IEI
|
$6.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T.M.C. Industrial Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 594,884,020 to 580,540,724, a change of -14,343,296 (-2.4%).
- Net loss of 14,395,853 reduced equity.
- Other comprehensive income decreased equity by 7,585,839.
- Other factors increased equity by 7,638,396.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-14.40 Million | -2.48% |
| Other Comprehensive Income | ฿-7.59 Million | -1.31% |
| Other Changes | ฿7.64 Million | +1.32% |
| Total Change | ฿- | -2.41% |
Book Value vs Market Value Analysis
This analysis compares T.M.C. Industrial 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: 0.54x
- 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 0.78x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.88 | ฿0.68 | x |
| 2012-12-31 | ฿2.30 | ฿0.68 | x |
| 2013-12-31 | ฿1.67 | ฿0.68 | x |
| 2014-12-31 | ฿1.52 | ฿0.68 | x |
| 2015-12-31 | ฿1.75 | ฿0.68 | x |
| 2016-12-31 | ฿0.94 | ฿0.68 | x |
| 2017-12-31 | ฿1.17 | ฿0.68 | x |
| 2018-12-31 | ฿0.82 | ฿0.68 | x |
| 2019-12-31 | ฿0.92 | ฿0.68 | x |
| 2020-12-31 | ฿0.81 | ฿0.68 | x |
| 2021-12-31 | ฿0.72 | ฿0.68 | x |
| 2022-12-31 | ฿1.30 | ฿0.68 | x |
| 2023-12-31 | ฿1.25 | ฿0.68 | x |
| 2024-12-31 | ฿1.30 | ฿0.68 | x |
| 2025-12-31 | ฿1.27 | ฿0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T.M.C. Industrial 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): -2.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.18%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.13x
- Recent ROE (-2.48%) is above the historical average (-4.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 13.94% | 4.84% | 0.98x | 2.94x | ฿9.16 Million |
| 2012 | 19.87% | 13.51% | 1.04x | 1.42x | ฿67.31 Million |
| 2013 | 1.08% | 0.91% | 0.64x | 1.87x | ฿-58.94 Million |
| 2014 | -8.27% | -7.68% | 0.53x | 2.02x | ฿-110.02 Million |
| 2015 | -9.54% | -12.30% | 0.48x | 1.63x | ฿-134.33 Million |
| 2016 | -52.35% | -59.89% | 0.43x | 2.05x | ฿-281.90 Million |
| 2017 | -7.28% | -11.56% | 0.38x | 1.66x | ฿-98.16 Million |
| 2018 | -13.63% | -19.69% | 0.41x | 1.68x | ฿-118.16 Million |
| 2019 | -17.37% | -13.58% | 0.62x | 2.08x | ฿-116.09 Million |
| 2020 | -17.86% | -22.10% | 0.41x | 1.96x | ฿-103.14 Million |
| 2021 | -15.77% | -17.72% | 0.41x | 2.16x | ฿-84.67 Million |
| 2022 | 44.80% | 79.65% | 0.46x | 1.23x | ฿207.12 Million |
| 2023 | 2.39% | 4.51% | 0.44x | 1.19x | ฿-46.97 Million |
| 2024 | -4.92% | -11.03% | 0.39x | 1.15x | ฿-88.76 Million |
| 2025 | -2.48% | -5.18% | 0.42x | 1.13x | ฿-72.45 Million |
Industry Comparison
This section compares T.M.C. Industrial Public Company Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $586,592,386
- Average return on equity (ROE) among peers: 1.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T.M.C. Industrial Public Company Limited (TMC) | ฿580.54 Million | 13.94% | 0.13x | $6.14 Million |
| Cho Thavee Public Company Limited (CHO) | $937.28 Million | -25.47% | 2.35x | $931.69K |
| K. W. Metal Work Public Company Limited (KWM) | $516.25 Million | 4.50% | 0.22x | $5.18 Million |
| Nex Point Public Company Limited (NEX) | $565.47 Million | 28.75% | 0.16x | $132.97 Million |
| T.C.J. Asia Public Company Limited (TCJ) | $327.37 Million | 0.00% | 2.76x | $4.24 Million |