Thai Nondestructive Testing Public Company Limited
Thai Nondestructive Testing Public Company Limited, a technical service company, provides nondestructive engineering services in Thailand. The company operates through Nondestructive Testing Services; Inspection Services for Pressure Vessel; Electron Beam; Solar PV Rooftop; Contractor Service Relating to Solar PV Rooftop System; and Revenue from Selling segments. It provides a range of convention… Read more
Thai Nondestructive Testing Public Company Limited (TNDT) - Net Assets
Latest net assets as of September 2025: ฿93.31 Million THB
Based on the latest financial reports, Thai Nondestructive Testing Public Company Limited (TNDT) has net assets worth ฿93.31 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿637.19 Million) and total liabilities (฿543.88 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 | ฿93.31 Million |
| % of Total Assets | 14.64% |
| Annual Growth Rate | -0.85% |
| 5-Year Change | -62.99% |
| 10-Year Change | -66.54% |
| Growth Volatility | 31.24 |
Thai Nondestructive Testing Public Company Limited - Net Assets Trend (2007–2024)
This chart illustrates how Thai Nondestructive Testing 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 Nondestructive Testing Public Company Limited (2007–2024)
The table below shows the annual net assets of Thai Nondestructive Testing Public Company Limited from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿171.99 Million | +93.31% |
| 2023-12-31 | ฿88.97 Million | -82.00% |
| 2022-12-31 | ฿494.38 Million | +2.62% |
| 2021-12-31 | ฿481.76 Million | +3.68% |
| 2020-12-31 | ฿464.66 Million | +4.32% |
| 2019-12-31 | ฿445.43 Million | +4.03% |
| 2018-12-31 | ฿428.20 Million | -17.87% |
| 2017-12-31 | ฿521.37 Million | +0.89% |
| 2016-12-31 | ฿516.76 Million | +0.53% |
| 2015-12-31 | ฿514.03 Million | +3.77% |
| 2014-12-31 | ฿495.34 Million | +11.15% |
| 2013-12-31 | ฿445.66 Million | +16.57% |
| 2012-12-31 | ฿382.31 Million | +13.69% |
| 2011-12-31 | ฿336.27 Million | +18.22% |
| 2010-12-31 | ฿284.44 Million | +5.46% |
| 2009-12-31 | ฿269.71 Million | +14.97% |
| 2008-12-31 | ฿234.59 Million | +18.01% |
| 2007-12-31 | ฿198.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Nondestructive Testing 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 decreased by 1441.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿865.79 Million | 489.20% |
| Other Comprehensive Income | ฿10.00 Million | 5.65% |
| Total Equity | ฿176.98 Million | 100.00% |
Thai Nondestructive Testing Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Nondestructive Testing Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
B.A.G Films and Media Limited
NSE:BAGFILMS
|
$3.67 Million |
|
MeguREIT Israel
TA:MGRT
|
$3.67 Million |
|
Spring Valley Acquisition Corp. II Warrant
NASDAQ:SVIIW
|
$3.67 Million |
|
MMJ Group Holdings Limited
PINK:MMJJF
|
$3.67 Million |
|
Teck Guan Perdana Bhd
KLSE:7439
|
$3.67 Million |
|
Estoril Sol SGPS SA
LS:ESON
|
$3.66 Million |
|
Baker Global Asset Management Inc.
OTCQB:BAKR
|
$3.66 Million |
|
MCGRAW HILL FIN - Dusseldorf Stock Exchang
DU:MHL
|
$3.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Nondestructive Testing Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 123,482,413 to 176,981,793, a change of 53,499,380 (43.3%).
- Net loss of 274,370,709 reduced equity.
- New share issuances of 250,513,186 increased equity.
- Other comprehensive income increased equity by 9,736,189.
- Other factors increased equity by 67,620,714.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-274.37 Million | -155.03% |
| Share Issuances | ฿250.51 Million | +141.55% |
| Other Comprehensive Income | ฿9.74 Million | +5.5% |
| Other Changes | ฿67.62 Million | +38.21% |
| Total Change | ฿- | 43.33% |
Book Value vs Market Value Analysis
This analysis compares Thai Nondestructive Testing 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: 1.00x
- 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 0.41x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | ฿0.39 | ฿0.16 | x |
| 2008-12-31 | ฿0.39 | ฿0.16 | x |
| 2009-12-31 | ฿0.45 | ฿0.16 | x |
| 2010-12-31 | ฿0.47 | ฿0.16 | x |
| 2011-12-31 | ฿0.56 | ฿0.16 | x |
| 2012-12-31 | ฿0.64 | ฿0.16 | x |
| 2013-12-31 | ฿0.73 | ฿0.16 | x |
| 2014-12-31 | ฿0.82 | ฿0.16 | x |
| 2015-12-31 | ฿0.86 | ฿0.16 | x |
| 2016-12-31 | ฿0.87 | ฿0.16 | x |
| 2017-12-31 | ฿0.88 | ฿0.16 | x |
| 2018-12-31 | ฿0.73 | ฿0.16 | x |
| 2019-12-31 | ฿0.76 | ฿0.16 | x |
| 2020-12-31 | ฿0.79 | ฿0.16 | x |
| 2021-12-31 | ฿0.78 | ฿0.16 | x |
| 2022-12-31 | ฿0.71 | ฿0.16 | x |
| 2023-12-31 | ฿0.15 | ฿0.16 | x |
| 2024-12-31 | ฿0.16 | ฿0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Nondestructive Testing 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): -155.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -93.88%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 4.24x
- Recent ROE (-155.03%) is below the historical average (-16.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 19.08% | 18.32% | 0.85x | 1.22x | ฿18.05 Million |
| 2008 | 21.65% | 20.37% | 0.92x | 1.15x | ฿27.34 Million |
| 2009 | 24.15% | 22.07% | 0.96x | 1.13x | ฿38.15 Million |
| 2010 | 14.32% | 16.69% | 0.78x | 1.11x | ฿12.28 Million |
| 2011 | 22.67% | 25.12% | 0.81x | 1.12x | ฿42.57 Million |
| 2012 | 19.99% | 22.88% | 0.78x | 1.13x | ฿38.15 Million |
| 2013 | 19.63% | 23.37% | 0.73x | 1.15x | ฿42.26 Million |
| 2014 | 17.93% | 18.47% | 0.80x | 1.21x | ฿38.96 Million |
| 2015 | 11.91% | 14.57% | 0.54x | 1.51x | ฿9.81 Million |
| 2016 | 4.69% | 7.21% | 0.37x | 1.74x | ฿-27.64 Million |
| 2017 | 4.04% | 6.79% | 0.29x | 2.08x | ฿-31.41 Million |
| 2018 | -20.09% | -28.35% | 0.30x | 2.37x | ฿-131.31 Million |
| 2019 | 4.78% | 6.43% | 0.32x | 2.31x | ฿-23.80 Million |
| 2020 | 4.06% | 6.50% | 0.27x | 2.34x | ฿-28.32 Million |
| 2021 | -5.50% | -10.69% | 0.22x | 2.37x | ฿-76.53 Million |
| 2022 | -10.95% | -24.15% | 0.20x | 2.26x | ฿-106.10 Million |
| 2023 | -297.00% | -117.24% | 0.44x | 5.80x | ฿-379.09 Million |
| 2024 | -155.03% | -93.88% | 0.39x | 4.24x | ฿-292.07 Million |
Industry Comparison
This section compares Thai Nondestructive Testing Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Nondestructive Testing Public Company Limited (TNDT) | ฿93.31 Million | 19.08% | 5.83x | $3.67 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |