Thai Plaspac Public Company Limited
Thai Plaspac Public Company Limited, together with its subsidiaries, manufactures and distributes plastic packaging products in Thailand and internationally. The company offers packaging for condiments, spreads and oil, dairy and ice creams, specialty beverages and formulations, and confectioneries and snacks. It also provides bottles and closure systems for liquid formulations, solid formulation… Read more
Thai Plaspac Public Company Limited (TPAC) - Net Assets
Latest net assets as of September 2025: ฿2.93 Billion THB
Based on the latest financial reports, Thai Plaspac Public Company Limited (TPAC) has net assets worth ฿2.93 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 (฿7.11 Billion) and total liabilities (฿4.18 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 | ฿2.93 Billion |
| % of Total Assets | 41.22% |
| Annual Growth Rate | 14.05% |
| 5-Year Change | 38.14% |
| 10-Year Change | 281.57% |
| Growth Volatility | 16.14 |
Thai Plaspac Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how Thai Plaspac 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 Plaspac Public Company Limited (2006–2024)
The table below shows the annual net assets of Thai Plaspac Public Company Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.93 Billion | +6.05% |
| 2023-12-31 | ฿2.76 Billion | +7.22% |
| 2022-12-31 | ฿2.58 Billion | +3.73% |
| 2021-12-31 | ฿2.48 Billion | +17.12% |
| 2020-12-31 | ฿2.12 Billion | +14.67% |
| 2019-12-31 | ฿1.85 Billion | +72.43% |
| 2018-12-31 | ฿1.07 Billion | +0.76% |
| 2017-12-31 | ฿1.06 Billion | +5.35% |
| 2016-12-31 | ฿1.01 Billion | +31.61% |
| 2015-12-31 | ฿767.78 Million | +11.17% |
| 2014-12-31 | ฿690.61 Million | +6.03% |
| 2013-12-31 | ฿651.35 Million | +22.22% |
| 2012-12-31 | ฿532.92 Million | +12.66% |
| 2011-12-31 | ฿473.02 Million | +1.41% |
| 2010-12-31 | ฿466.44 Million | +13.00% |
| 2009-12-31 | ฿412.78 Million | +20.71% |
| 2008-12-31 | ฿341.95 Million | +20.66% |
| 2007-12-31 | ฿283.39 Million | +3.19% |
| 2006-12-31 | ฿274.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Plaspac 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 1931.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.79 Billion | 63.05% |
| Common Stock | ฿326.55 Million | 11.52% |
| Other Comprehensive Income | ฿32.66 Million | 1.15% |
| Other Components | ฿687.91 Million | 24.27% |
| Total Equity | ฿2.83 Billion | 100.00% |
Thai Plaspac Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Plaspac Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globetronics Tech Bhd
KLSE:7022
|
$19.03 Million |
|
Bosch Fren Sistemleri Sanayi ve Ticaret AS
IS:BFREN
|
$19.03 Million |
|
Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS
IS:DGNMO
|
$19.03 Million |
|
Prodways Group SA
PINK:PRWYF
|
$19.04 Million |
|
Seco/Warwick SA
WAR:SWG
|
$19.02 Million |
|
SMT SCHARF AG NA O.N.
F:S4AA
|
$19.01 Million |
|
Sahamit Machinery Public Company Limited
BK:SMIT
|
$19.01 Million |
|
Enlivex Therapeutics Ltd
NASDAQ:ENLV
|
$19.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Plaspac Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,439,434,727 to 2,834,000,262, a change of 394,565,535 (16.2%).
- Net income of 414,081,317 contributed positively to equity growth.
- Dividend payments of 158,143,868 reduced retained earnings.
- Other factors increased equity by 138,628,086.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿414.08 Million | +14.61% |
| Dividends Paid | ฿158.14 Million | -5.58% |
| Other Changes | ฿138.63 Million | +4.89% |
| Total Change | ฿- | 16.17% |
Book Value vs Market Value Analysis
This analysis compares Thai Plaspac 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: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.99x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.37 | ฿9.60 | x |
| 2007-12-31 | ฿1.42 | ฿9.60 | x |
| 2008-12-31 | ฿1.72 | ฿9.60 | x |
| 2009-12-31 | ฿2.06 | ฿9.60 | x |
| 2010-12-31 | ฿2.33 | ฿9.60 | x |
| 2011-12-31 | ฿2.37 | ฿9.60 | x |
| 2012-12-31 | ฿1.33 | ฿9.60 | x |
| 2013-12-31 | ฿3.15 | ฿9.60 | x |
| 2014-12-31 | ฿3.32 | ฿9.60 | x |
| 2015-12-31 | ฿3.44 | ฿9.60 | x |
| 2016-12-31 | ฿4.10 | ฿9.60 | x |
| 2017-12-31 | ฿4.19 | ฿9.60 | x |
| 2018-12-31 | ฿4.07 | ฿9.60 | x |
| 2019-12-31 | ฿6.69 | ฿9.60 | x |
| 2020-12-31 | ฿6.31 | ฿9.60 | x |
| 2021-12-31 | ฿6.53 | ฿9.60 | x |
| 2022-12-31 | ฿6.77 | ฿9.60 | x |
| 2023-12-31 | ฿7.47 | ฿9.60 | x |
| 2024-12-31 | ฿8.57 | ฿9.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Plaspac 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): 14.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.68x
- Recent ROE (14.61%) is below the historical average (15.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.43% | 7.75% | 1.32x | 1.90x | ฿25.90 Million |
| 2007 | 26.03% | 8.62% | 1.40x | 2.16x | ฿45.43 Million |
| 2008 | 21.51% | 7.68% | 1.42x | 1.97x | ฿39.36 Million |
| 2009 | 26.85% | 11.37% | 1.33x | 1.78x | ฿69.55 Million |
| 2010 | 23.51% | 9.52% | 1.25x | 1.97x | ฿63.01 Million |
| 2011 | 16.14% | 6.16% | 1.21x | 2.16x | ฿29.06 Million |
| 2012 | 18.75% | 7.27% | 1.30x | 1.98x | ฿46.61 Million |
| 2013 | 18.89% | 7.83% | 1.35x | 1.78x | ฿57.94 Million |
| 2014 | 13.52% | 5.58% | 1.35x | 1.79x | ฿24.33 Million |
| 2015 | 13.58% | 6.58% | 1.37x | 1.51x | ฿27.46 Million |
| 2016 | 10.38% | 6.89% | 1.21x | 1.25x | ฿3.89 Million |
| 2017 | 10.09% | 6.78% | 1.24x | 1.20x | ฿956.17K |
| 2018 | 3.05% | 1.25% | 0.60x | 4.05x | ฿-71.79 Million |
| 2019 | 7.96% | 3.70% | 0.86x | 2.51x | ฿-35.60 Million |
| 2020 | 15.62% | 8.08% | 0.84x | 2.29x | ฿115.81 Million |
| 2021 | 7.17% | 2.94% | 0.73x | 3.34x | ฿-60.39 Million |
| 2022 | 14.43% | 4.56% | 0.95x | 3.35x | ฿97.85 Million |
| 2023 | 20.09% | 7.20% | 0.91x | 3.07x | ฿246.26 Million |
| 2024 | 14.61% | 5.74% | 0.95x | 2.68x | ฿130.68 Million |
Industry Comparison
This section compares Thai Plaspac Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $18,176,686,362
- Average return on equity (ROE) among peers: 10.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Plaspac Public Company Limited (TPAC) | ฿2.93 Billion | 19.43% | 1.43x | $19.02 Million |
| A.J. Plast Public Company Limited (AJ) | $4.49 Billion | -8.17% | 2.18x | $16.76 Million |
| BG Container Glass Public Company Limited (BGC) | $5.49 Billion | 9.54% | 2.41x | $20.50 Million |
| Crown Seal Public Company Limited (CSC) | $3.09 Billion | 8.09% | 0.19x | $21.57 Million |
| Multibax Public Company Limited (MBAX) | $145.76 Million | 53.71% | 4.54x | $5.52 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $814.10 Million | 9.96% | 1.69x | $4.02 Million |
| Prodigy Public Company Limited (PDG) | $594.82 Million | 4.86% | 0.18x | $9.16 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.10 Billion | 10.43% | 1.61x | $19.20 Million |
| PMC LABEL MATERIALS PUBLIC COMPANY LIMITED (PMC) | $547.95 Million | 7.39% | 0.94x | $2.85 Million |
| SCG Packaging Public Company Limited (SCGP) | $109.84 Billion | 5.88% | 0.57x | $553.20 Million |
| SCG PACKAGING PCL-NVDR (SCGP-R) | $55.65 Billion | 7.95% | 0.64x | $544.28 Million |