Trinity Watthana Public Company Limited
Trinity Watthana Public Company Limited, together with its subsidiaries, engages in the securities business in Thailand. It operates through two segments, Securities and Derivatives Business; and Financial Advisory Business and Investment Banking. The company is involved in the brokerage, trading, borrowing and lending, and underwriting of securities. It also provides investment advisory, private… Read more
Trinity Watthana Public Company Limited (TNITY) - Net Assets
Latest net assets as of September 2025: ฿1.36 Billion THB
Based on the latest financial reports, Trinity Watthana Public Company Limited (TNITY) has net assets worth ฿1.36 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 (฿4.21 Billion) and total liabilities (฿2.86 Billion). 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 | ฿1.36 Billion |
| % of Total Assets | 32.19% |
| Annual Growth Rate | 2.05% |
| 5-Year Change | -13.63% |
| 10-Year Change | -11.94% |
| Growth Volatility | 9.31 |
Trinity Watthana Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how Trinity Watthana 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 Trinity Watthana Public Company Limited (2002–2024)
The table below shows the annual net assets of Trinity Watthana Public Company Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.38 Billion | -0.49% |
| 2023-12-31 | ฿1.39 Billion | -20.32% |
| 2022-12-31 | ฿1.74 Billion | -0.92% |
| 2021-12-31 | ฿1.76 Billion | +9.93% |
| 2020-12-31 | ฿1.60 Billion | +1.28% |
| 2019-12-31 | ฿1.58 Billion | +1.60% |
| 2018-12-31 | ฿1.55 Billion | -3.24% |
| 2017-12-31 | ฿1.60 Billion | +0.26% |
| 2016-12-31 | ฿1.60 Billion | +2.14% |
| 2015-12-31 | ฿1.57 Billion | +4.09% |
| 2014-12-31 | ฿1.51 Billion | +4.94% |
| 2013-12-31 | ฿1.43 Billion | +1.77% |
| 2012-12-31 | ฿1.41 Billion | +2.28% |
| 2011-12-31 | ฿1.38 Billion | -0.78% |
| 2010-12-31 | ฿1.39 Billion | +6.61% |
| 2009-12-31 | ฿1.30 Billion | -0.64% |
| 2008-12-31 | ฿1.31 Billion | -8.02% |
| 2007-12-31 | ฿1.43 Billion | +4.07% |
| 2006-12-31 | ฿1.37 Billion | -1.05% |
| 2005-12-31 | ฿1.38 Billion | +28.64% |
| 2004-12-31 | ฿1.08 Billion | -0.57% |
| 2003-12-31 | ฿1.08 Billion | +22.57% |
| 2002-12-31 | ฿882.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trinity Watthana 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 8658413800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿1.07 Billion | 77.71% |
| Other Comprehensive Income | ฿100.60 Million | 7.29% |
| Other Components | ฿293.48 Million | 21.27% |
| Total Equity | ฿1.38 Billion | 100.00% |
Trinity Watthana Public Company Limited Competitors by Market Cap
The table below lists competitors of Trinity Watthana Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prakit Holdings Public Company Limited
BK:PRAKIT
|
$9.36 Million |
|
Reka Industrial Oyj
HE:REKA
|
$9.36 Million |
|
Panorama Sentrawisata Tbk
JK:PANR
|
$9.37 Million |
|
Pinedale Energy Limited
V:MCF
|
$9.37 Million |
|
Quetta Acquisition Corporation Unit
NASDAQ:QETAU
|
$9.36 Million |
|
ASIAN PALM OIL PUBLIC COMPANY LIMITED
BK:APO
|
$9.36 Million |
|
Zodiac Gold Inc.
V:ZAU
|
$9.36 Million |
|
FUJI SEIKI CO.
F:12K
|
$9.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinity Watthana Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,386,248,121 to 1,379,520,201, a change of -6,727,920 (-0.5%).
- Net income of 514,294 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿514.29K | +0.04% |
| Other Changes | ฿-7.24 Million | -0.52% |
| Total Change | ฿- | -0.49% |
Book Value vs Market Value Analysis
This analysis compares Trinity Watthana 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: 0.37x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿6.87 | ฿2.40 | x |
| 2007-12-31 | ฿7.29 | ฿2.40 | x |
| 2008-12-31 | ฿1.36 | ฿2.40 | x |
| 2009-12-31 | ฿6.41 | ฿2.40 | x |
| 2010-12-31 | ฿6.61 | ฿2.40 | x |
| 2011-12-31 | ฿6.87 | ฿2.40 | x |
| 2012-12-31 | ฿7.14 | ฿2.40 | x |
| 2013-12-31 | ฿7.26 | ฿2.40 | x |
| 2014-12-31 | ฿7.62 | ฿2.40 | x |
| 2015-12-31 | ฿7.93 | ฿2.40 | x |
| 2016-12-31 | ฿8.10 | ฿2.40 | x |
| 2017-12-31 | ฿8.12 | ฿2.40 | x |
| 2018-12-31 | ฿7.39 | ฿2.40 | x |
| 2019-12-31 | ฿7.92 | ฿2.40 | x |
| 2020-12-31 | ฿8.02 | ฿2.40 | x |
| 2021-12-31 | ฿8.20 | ฿2.40 | x |
| 2022-12-31 | ฿8.11 | ฿2.40 | x |
| 2023-12-31 | ฿6.47 | ฿2.40 | x |
| 2024-12-31 | ฿6.43 | ฿2.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinity Watthana 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): 0.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.10%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.33x
- Recent ROE (0.04%) is below the historical average (3.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.97% | 21.52% | 0.31x | 1.19x | ฿-17.94 Million |
| 2003 | 17.62% | 19.59% | 0.33x | 2.76x | ฿82.48 Million |
| 2004 | 8.46% | 13.03% | 0.41x | 1.60x | ฿-16.59 Million |
| 2005 | 5.13% | 13.72% | 0.27x | 1.37x | ฿-67.45 Million |
| 2006 | 0.91% | 0.00% | 0.00x | 1.23x | ฿-124.54 Million |
| 2007 | 4.51% | 0.00% | 0.00x | 1.63x | ฿-78.19 Million |
| 2008 | -46.55% | -31.64% | 0.25x | 5.82x | ฿-152.14 Million |
| 2009 | -0.94% | -3.48% | 0.21x | 1.31x | ฿-138.54 Million |
| 2010 | 2.97% | 8.58% | 0.21x | 1.68x | ฿-91.74 Million |
| 2011 | 8.63% | 17.29% | 0.37x | 1.36x | ฿-18.53 Million |
| 2012 | 8.31% | 17.13% | 0.21x | 2.26x | ฿-23.81 Million |
| 2013 | 9.62% | 16.40% | 0.25x | 2.33x | ฿-5.51 Million |
| 2014 | 12.74% | 22.52% | 0.21x | 2.68x | ฿41.21 Million |
| 2015 | 9.33% | 19.70% | 0.20x | 2.38x | ฿-10.55 Million |
| 2016 | 9.97% | 20.19% | 0.17x | 2.87x | ฿-444.30K |
| 2017 | 1.75% | 4.46% | 0.16x | 2.47x | ฿-132.35 Million |
| 2018 | 4.39% | 10.76% | 0.16x | 2.53x | ฿-87.12 Million |
| 2019 | 5.97% | 14.07% | 0.15x | 2.79x | ฿-63.47 Million |
| 2020 | 8.17% | 21.55% | 0.12x | 3.16x | ฿-29.27 Million |
| 2021 | 14.25% | 28.65% | 0.14x | 3.65x | ฿74.56 Million |
| 2022 | 10.25% | 26.05% | 0.09x | 4.16x | ฿4.43 Million |
| 2023 | -25.49% | -189.53% | 0.03x | 3.97x | ฿-492.02 Million |
| 2024 | 0.04% | 0.10% | 0.11x | 3.33x | ฿-137.44 Million |
Industry Comparison
This section compares Trinity Watthana Public Company Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $2,827,025,145
- Average return on equity (ROE) among peers: 7.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trinity Watthana Public Company Limited (TNITY) | ฿1.36 Billion | 7.97% | 2.11x | $9.36 Million |
| AIRA Capital Public Company Limited (AIRA) | $1.11 Billion | 8.11% | 3.78x | $60.05 Million |
| Asia Plus Group Holdings PCL (ASP) | $4.44 Billion | 24.06% | 0.73x | $93.67 Million |
| Beyond Securities PCL (BYD) | $927.92 Million | -4.32% | 0.24x | $46.15 Million |
| Country Group Holdings Public Company Limited (CGH) | $3.38 Billion | 12.43% | 0.41x | $29.38 Million |
| Globlex Holding Management Public Company Limited (GBX) | $1.44 Billion | 2.99% | 1.04x | $8.78 Million |
| KGI Securities (Thailand) Public Company Limited (KGI) | $5.56 Billion | 1.15% | 0.34x | $160.61 Million |
| Maybank Securities (Thailand) PCL (MST) | $4.42 Billion | 14.80% | 0.62x | $18.74 Million |
| UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH) | $1.83 Billion | 6.24% | 0.23x | $8.84 Million |
| XSpring Capital Public Company Limited (XPG) | $2.34 Billion | 2.55% | 0.50x | $108.52 Million |