Thai Mitsuwa Public Company Limited (TMW) - Net Assets

Latest as of September 2025: ฿3.71 Billion THB ≈ $115.57 Million USD

Based on the latest financial reports, Thai Mitsuwa Public Company Limited (TMW) has net assets worth ฿3.71 Billion THB (≈ $115.57 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 (฿4.56 Billion ≈ $142.15 Million USD) and total liabilities (฿852.67 Million ≈ $26.58 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 Thai Mitsuwa Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Thai Mitsuwa Public Company Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see TMW market cap overview.

Year	Net Assets	Change
2025-03-31	฿3.53 Billion ≈ $110.02 Million	+9.68%
2024-03-31	฿3.22 Billion ≈ $100.31 Million	+17.57%
2023-03-31	฿2.74 Billion ≈ $85.32 Million	+7.36%
2022-03-31	฿2.55 Billion ≈ $79.47 Million	+4.11%
2021-03-31	฿2.45 Billion ≈ $76.34 Million	-0.32%
2020-03-31	฿2.46 Billion ≈ $76.58 Million	+4.95%
2019-03-31	฿2.34 Billion ≈ $72.97 Million	+12.87%
2018-03-31	฿2.07 Billion ≈ $64.65 Million	+16.04%
2017-03-31	฿1.79 Billion ≈ $55.72 Million	+8.04%
2016-03-31	฿1.65 Billion ≈ $51.57 Million	+6.71%
2015-03-31	฿1.55 Billion ≈ $48.33 Million	+5.74%
2014-03-31	฿1.47 Billion ≈ $45.71 Million	+5.38%
2013-03-31	฿1.39 Billion ≈ $43.37 Million	+52.98%
2012-03-31	฿909.64 Million ≈ $28.35 Million	-1.10%
2011-03-31	฿919.72 Million ≈ $28.67 Million	+5.15%
2010-03-31	฿874.67 Million ≈ $27.26 Million	+2.42%
2009-03-31	฿854.00 Million ≈ $26.62 Million	+0.32%
2008-03-31	฿851.29 Million ≈ $26.53 Million	+4.64%
2007-03-31	฿813.53 Million ≈ $25.36 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
Jakarta Int Hotels & Dev JK:JIHD	$70.28 Million
Hunya Foods Co Ltd TW:1236	$70.32 Million
Prolific Technology TWO:6233	$70.33 Million
Genesem Inc KQ:217190	$70.33 Million
MEGA International Development Co Ltd TWO:5529	$70.26 Million
Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS IS:DGNMO	$70.25 Million
kenturn Nano Tec Co Ltd TWO:4561	$70.25 Million
Maxiparts Ltd AU:MXI	$70.18 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: 0.64x
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 2.77x to 0.64x 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	฿56.50	x
2008-03-31	฿21.34	฿56.50	x
2009-03-31	฿21.40	฿56.50	x
2010-03-31	฿21.92	฿56.50	x
2011-03-31	฿23.10	฿56.50	x
2012-03-31	฿22.68	฿56.50	x
2013-03-31	฿34.88	฿56.50	x
2014-03-31	฿36.75	฿56.50	x
2015-03-31	฿38.86	฿56.50	x
2016-03-31	฿41.47	฿56.50	x
2017-03-31	฿44.80	฿56.50	x
2018-03-31	฿51.99	฿56.50	x
2019-03-31	฿58.67	฿56.50	x
2020-03-31	฿61.58	฿56.50	x
2021-03-31	฿61.38	฿56.50	x
2022-03-31	฿63.90	฿56.50	x
2023-03-31	฿68.61	฿56.50	x
2024-03-31	฿80.66	฿56.50	x
2025-03-31	฿88.47	฿56.50	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: $3,203,409,729
Average return on equity (ROE) among peers: 9.10%

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	$70.27 Million
Salee Colour Public Company Limited (COLOR)	$221.85 Million	-0.23%	4.13x	$18.91 Million
Dimet (Siam) Public Company Limited (DIMET)	$361.15 Million	-25.12%	0.18x	$5.03 Million
Eason & Co Public Company Limited (EASON)	$202.34 Million	24.38%	1.14x	$18.12 Million
Eastern Polymer Group Public Company Limited (EPG)	$8.20 Billion	7.67%	0.46x	$308.95 Million
Global Connections Public Company Limited (GC)	$388.80 Million	12.24%	2.01x	$60.62 Million
Megachem (Thailand) Public Company Limited (MGT)	$371.29 Million	12.74%	0.17x	$24.44 Million
Polyplex (Thailand) Public Company Limited (PTL)	$11.61 Billion	20.02%	0.37x	$274.91 Million
Polyplex (Thailand) Public Company Limited (PTL-R)	$9.67 Billion	14.14%	0.49x	$276.31 Million
Salee Industry Public Company Limited (SALEE)	$650.26 Million	14.35%	0.37x	$18.01 Million
Selic Corp Public Company Limited (SELIC)	$361.47 Million	10.80%	0.35x	$49.89 Million

About Thai Mitsuwa Public Company Limited

BK:TMW Thailand Specialty Chemicals

Market Cap

$70.27 Million

฿2.25 Billion THB

Market Cap Rank

#20551 Global

#317 in Thailand

Share Price

฿56.50

Change (1 day)

+0.00%

52-Week Range

฿48.25 - ฿61.50

All Time High

฿65.00