Thai Plaspac Public Company Limited (TPAC) - Net Assets
Based on the latest financial reports, Thai Plaspac Public Company Limited (TPAC) has net assets worth ฿3.23 Billion THB (≈ $100.79 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿8.10 Billion ≈ $252.47 Million USD) and total liabilities (฿4.87 Billion ≈ $151.68 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 strategic asset allocation of Thai Plaspac Public Company Limited to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.23 Billion |
| % of Total Assets | 39.92% |
| Annual Growth Rate | 13.42% |
| 5-Year Change | 21.03% |
| 10-Year Change | 197.5% |
| Growth Volatility | 15.95 |
Thai Plaspac Public Company Limited - Net Assets Trend (2006–2025)
This chart illustrates how Thai Plaspac Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Thai Plaspac Public Company Limited.
Annual Net Assets for Thai Plaspac Public Company Limited (2006–2025)
The table below shows the annual net assets of Thai Plaspac Public Company Limited from 2006 to 2025. Also explore Thai Plaspac Public Company Limited (TPAC) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿3.01 Billion ≈ $93.70 Million |
+2.61% |
| 2024-12-31 | ฿2.93 Billion ≈ $91.31 Million |
+6.05% |
| 2023-12-31 | ฿2.76 Billion ≈ $86.10 Million |
+7.22% |
| 2022-12-31 | ฿2.58 Billion ≈ $80.31 Million |
+3.73% |
| 2021-12-31 | ฿2.48 Billion ≈ $77.42 Million |
+17.12% |
| 2020-12-31 | ฿2.12 Billion ≈ $66.10 Million |
+14.67% |
| 2019-12-31 | ฿1.85 Billion ≈ $57.65 Million |
+72.43% |
| 2018-12-31 | ฿1.07 Billion ≈ $33.43 Million |
+0.76% |
| 2017-12-31 | ฿1.06 Billion ≈ $33.18 Million |
+5.35% |
| 2016-12-31 | ฿1.01 Billion ≈ $31.49 Million |
+31.61% |
| 2015-12-31 | ฿767.78 Million ≈ $23.93 Million |
+11.17% |
| 2014-12-31 | ฿690.61 Million ≈ $21.53 Million |
+6.03% |
| 2013-12-31 | ฿651.35 Million ≈ $20.30 Million |
+22.22% |
| 2012-12-31 | ฿532.92 Million ≈ $16.61 Million |
+12.66% |
| 2011-12-31 | ฿473.02 Million ≈ $14.74 Million |
+1.41% |
| 2010-12-31 | ฿466.44 Million ≈ $14.54 Million |
+13.00% |
| 2009-12-31 | ฿412.78 Million ≈ $12.87 Million |
+20.71% |
| 2008-12-31 | ฿341.95 Million ≈ $10.66 Million |
+20.66% |
| 2007-12-31 | ฿283.39 Million ≈ $8.83 Million |
+3.19% |
| 2006-12-31 | ฿274.63 Million ≈ $8.56 Million |
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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 2240.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.06 Billion | 70.94% |
| Common Stock | ฿326.55 Million | 11.25% |
| Other Comprehensive Income | ฿-510.22 Million | -17.58% |
| Other Components | ฿1.03 Billion | 35.39% |
| Total Equity | ฿2.90 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 |
|---|---|
|
Chateau International Development Co Ltd
TW:2722
|
$95.17 Million |
|
Buriram Sugar Public Company Limited
BK:BRR
|
$95.17 Million |
|
Many Peaks Minerals Ltd
AU:MPK
|
$95.21 Million |
|
Ubiquoss Holdings Inc
KQ:078070
|
$95.27 Million |
|
Globex Mining Enterprises Inc.
TO:GMX
|
$95.04 Million |
|
Royce Global Value Trust Inc
NYSE:RGT
|
$95.03 Million |
|
Pantages Capital Acquisition Corporation.
NASDAQ:PGAC
|
$94.99 Million |
|
PT Surya Pertiwi Tbk
JK:SPTO
|
$94.93 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 2024 to 2025, total equity changed from 2,834,000,262 to 2,902,201,151, a change of 68,200,889 (2.4%).
- Net income of 477,008,289 contributed positively to equity growth.
- Dividend payments of 136,765,522 reduced retained earnings.
- Other comprehensive income decreased equity by 542,875,472.
- Other factors increased equity by 270,833,594.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿477.01 Million | +16.44% |
| Dividends Paid | ฿136.77 Million | -4.71% |
| Other Comprehensive Income | ฿-542.88 Million | -18.71% |
| Other Changes | ฿270.83 Million | +9.33% |
| Total Change | ฿- | 2.41% |
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: 1.05x
- 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 6.81x to 1.05x 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 | ฿9.35 | x |
| 2007-12-31 | ฿1.42 | ฿9.35 | x |
| 2008-12-31 | ฿1.72 | ฿9.35 | x |
| 2009-12-31 | ฿2.06 | ฿9.35 | x |
| 2010-12-31 | ฿2.33 | ฿9.35 | x |
| 2011-12-31 | ฿2.37 | ฿9.35 | x |
| 2012-12-31 | ฿2.63 | ฿9.35 | x |
| 2013-12-31 | ฿3.15 | ฿9.35 | x |
| 2014-12-31 | ฿3.32 | ฿9.35 | x |
| 2015-12-31 | ฿3.44 | ฿9.35 | x |
| 2016-12-31 | ฿4.10 | ฿9.35 | x |
| 2017-12-31 | ฿4.19 | ฿9.35 | x |
| 2018-12-31 | ฿4.07 | ฿9.35 | x |
| 2019-12-31 | ฿6.69 | ฿9.35 | x |
| 2020-12-31 | ฿6.31 | ฿9.35 | x |
| 2021-12-31 | ฿6.53 | ฿9.35 | x |
| 2022-12-31 | ฿6.77 | ฿9.35 | x |
| 2023-12-31 | ฿7.47 | ฿9.35 | x |
| 2024-12-31 | ฿8.68 | ฿9.35 | x |
| 2025-12-31 | ฿8.89 | ฿9.35 | 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): 16.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.99%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.52x
- Recent ROE (16.44%) is above the historical average (15.90%), indicating improving 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 |
| 2025 | 16.44% | 6.99% | 0.93x | 2.52x | ฿186.79 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: $1,396,416,753
- Average return on equity (ROE) among peers: 4.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Plaspac Public Company Limited (TPAC) | ฿3.23 Billion | 19.43% | 1.50x | $95.17 Million |
| A.J. Plast Public Company Limited (AJ) | $4.69 Billion | 11.36% | 1.03x | $65.07 Million |
| Crown Seal Public Company Limited (CSC) | $1.77 Billion | 11.87% | 0.29x | $76.58 Million |
| Multibax Public Company Limited (MBAX) | $479.92 Million | -4.16% | 2.16x | $12.89 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $653.40 Million | 0.00% | 1.94x | $15.95 Million |
| Prodigy Public Company Limited (PDG) | $576.96 Million | 11.42% | 0.16x | $29.44 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.37 Billion | 11.08% | 1.47x | $36.46 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.42 Billion | 1.72% | 1.31x | $91.23 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $-1.17 Billion | 0.00% | 0.00x | $156.90 Million |
| S. Pack & Print Public Company Limited (SPACK) | $605.74 Million | 1.13% | 1.38x | $15.34 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $553.16 Million | 0.79% | 0.18x | $8.35 Million |
About 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 injection, extrusion blow, and pet moulding, as well as in-mould labelling, and combi cup. The company serves food, beverage, pharmaceutical, personal care, homecare, and industrial sectors. Thai Plaspac Public Company Lim… Read more