Thai Mitsuwa Public Company Limited
Thai Mitsuwa Public Company Limited manufactures and sales plastic and magnesium products in Thailand and internationally. It operates through three segments: Manufacture and sales of plastic, Manufacture and sales of magnesium, and Manufacture and sales of mold. The company offers painting line, screen and pad printing, laser cutting, metalizing plastic parts line, and module assembling; line vi… Read more
Thai Mitsuwa Public Company Limited (TMW) - Net Assets
Latest net assets as of September 2025: ฿3.71 Billion THB
Based on the latest financial reports, Thai Mitsuwa Public Company Limited (TMW) has net assets worth ฿3.71 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 (฿4.56 Billion) and total liabilities (฿852.67 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 | ฿3.71 Billion |
| % of Total Assets | 81.3% |
| Annual Growth Rate | 8.49% |
| 5-Year Change | 44.12% |
| 10-Year Change | 113.34% |
| Growth Volatility | 11.75 |
Thai Mitsuwa Public Company Limited - Net Assets Trend (2007–2025)
This chart illustrates how Thai Mitsuwa 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 Thai Mitsuwa Public Company Limited (2007–2025)
The table below shows the annual net assets of Thai Mitsuwa Public Company Limited from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿3.53 Billion | +9.68% |
| 2024-03-31 | ฿3.22 Billion | +17.57% |
| 2023-03-31 | ฿2.74 Billion | +7.36% |
| 2022-03-31 | ฿2.55 Billion | +4.11% |
| 2021-03-31 | ฿2.45 Billion | -0.32% |
| 2020-03-31 | ฿2.46 Billion | +4.95% |
| 2019-03-31 | ฿2.34 Billion | +12.87% |
| 2018-03-31 | ฿2.07 Billion | +16.04% |
| 2017-03-31 | ฿1.79 Billion | +8.04% |
| 2016-03-31 | ฿1.65 Billion | +6.71% |
| 2015-03-31 | ฿1.55 Billion | +5.74% |
| 2014-03-31 | ฿1.47 Billion | +5.38% |
| 2013-03-31 | ฿1.39 Billion | +52.98% |
| 2012-03-31 | ฿909.64 Million | -1.10% |
| 2011-03-31 | ฿919.72 Million | +5.15% |
| 2010-03-31 | ฿874.67 Million | +2.42% |
| 2009-03-31 | ฿854.00 Million | +0.32% |
| 2008-03-31 | ฿851.29 Million | +4.64% |
| 2007-03-31 | ฿813.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Mitsuwa 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 16215.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.25 Billion | 92.21% |
| Other Components | ฿274.85 Million | 7.79% |
| Total Equity | ฿3.53 Billion | 100.00% |
Thai Mitsuwa Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Mitsuwa Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ziga Innovation Public Company Limited
BK:ZIGA
|
$13.73 Million |
|
Vitreous Glass Inc
PINK:VCIGF
|
$13.73 Million |
|
Corsa Coal Corp
OTCQX:CRSXF
|
$13.73 Million |
|
Starr Peak Exploration Ltd
OTCQX:STRPF
|
$13.73 Million |
|
R.P.P. Infra Projects Limited
NSE:RPPINFRA
|
$13.73 Million |
|
ReGen III Corp
OTCQX:ISRJF
|
$13.72 Million |
|
Broendbyernes IF Fodbold AS
CO:BIF
|
$13.72 Million |
|
IFB Agro Industries Limited
NSE:IFBAGRO
|
$13.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Mitsuwa Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,218,381,869 to 3,529,814,894, a change of 311,433,025 (9.7%).
- Net income of 478,955,326 contributed positively to equity growth.
- Dividend payments of 165,585,000 reduced retained earnings.
- Other comprehensive income decreased equity by 19,950,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿478.96 Million | +13.57% |
| Dividends Paid | ฿165.59 Million | -4.69% |
| Other Comprehensive Income | ฿-19.95 Million | -0.57% |
| Other Changes | ฿18.01 Million | +0.51% |
| Total Change | ฿- | 9.68% |
Book Value vs Market Value Analysis
This analysis compares Thai Mitsuwa 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: 0.66x
- 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 2.84x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ฿20.39 | ฿58.00 | x |
| 2008-03-31 | ฿21.34 | ฿58.00 | x |
| 2009-03-31 | ฿21.40 | ฿58.00 | x |
| 2010-03-31 | ฿21.92 | ฿58.00 | x |
| 2011-03-31 | ฿23.10 | ฿58.00 | x |
| 2012-03-31 | ฿22.68 | ฿58.00 | x |
| 2013-03-31 | ฿34.88 | ฿58.00 | x |
| 2014-03-31 | ฿36.75 | ฿58.00 | x |
| 2015-03-31 | ฿38.86 | ฿58.00 | x |
| 2016-03-31 | ฿41.47 | ฿58.00 | x |
| 2017-03-31 | ฿44.80 | ฿58.00 | x |
| 2018-03-31 | ฿51.99 | ฿58.00 | x |
| 2019-03-31 | ฿58.67 | ฿58.00 | x |
| 2020-03-31 | ฿61.58 | ฿58.00 | x |
| 2021-03-31 | ฿61.38 | ฿58.00 | x |
| 2022-03-31 | ฿63.90 | ฿58.00 | x |
| 2023-03-31 | ฿68.61 | ฿58.00 | x |
| 2024-03-31 | ฿80.66 | ฿58.00 | x |
| 2025-03-31 | ฿88.47 | ฿58.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Mitsuwa 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): 13.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.31%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.22x
- Recent ROE (13.57%) is above the historical average (10.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 11.28% | 6.62% | 1.28x | 1.33x | ฿10.44 Million |
| 2008 | 9.30% | 5.71% | 1.18x | 1.38x | ฿-5.97 Million |
| 2009 | 3.95% | 2.55% | 1.29x | 1.20x | ฿-51.67 Million |
| 2010 | 3.94% | 3.13% | 0.98x | 1.29x | ฿-53.03 Million |
| 2011 | 7.10% | 4.41% | 1.16x | 1.39x | ฿-26.67 Million |
| 2012 | 1.85% | 1.03% | 0.89x | 2.02x | ฿-74.12 Million |
| 2013 | 37.64% | 22.06% | 1.23x | 1.38x | ฿384.68 Million |
| 2014 | 10.15% | 6.80% | 1.15x | 1.30x | ฿2.27 Million |
| 2015 | 8.17% | 6.46% | 0.97x | 1.30x | ฿-28.44 Million |
| 2016 | 8.33% | 6.35% | 0.97x | 1.35x | ฿-27.56 Million |
| 2017 | 9.78% | 7.12% | 0.97x | 1.42x | ฿-3.87 Million |
| 2018 | 16.10% | 11.34% | 0.98x | 1.45x | ฿126.53 Million |
| 2019 | 15.83% | 11.31% | 1.06x | 1.32x | ฿136.50 Million |
| 2020 | 9.59% | 8.10% | 0.87x | 1.36x | ฿-10.05 Million |
| 2021 | 2.48% | 2.46% | 0.75x | 1.34x | ฿-184.08 Million |
| 2022 | 4.67% | 3.88% | 0.95x | 1.27x | ฿-135.99 Million |
| 2023 | 8.21% | 6.09% | 1.03x | 1.31x | ฿-48.87 Million |
| 2024 | 17.14% | 13.59% | 1.00x | 1.26x | ฿229.76 Million |
| 2025 | 13.57% | 12.31% | 0.91x | 1.22x | ฿125.97 Million |
Industry Comparison
This section compares Thai Mitsuwa Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Mitsuwa Public Company Limited (TMW) | ฿3.71 Billion | 11.28% | 0.23x | $13.73 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |