TPBI PCL
TPBI Public Company Limited, together with its subsidiaries, manufactures and distributes plastic bags and other packaging products in Thailand, Australia, the United Kingdom, the United States, Japan, New Zealand, and internationally. The company operates through seven segments: Manufacturing and Distribution of Plastic Packaging; Manufacturing and Distribution of Film; Manufacturing and Distrib… Read more
TPBI PCL (TPBI) - Net Assets
Latest net assets as of September 2025: ฿3.00 Billion THB
Based on the latest financial reports, TPBI PCL (TPBI) has net assets worth ฿3.00 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 (฿4.18 Billion) and total liabilities (฿1.17 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 | ฿3.00 Billion |
| % of Total Assets | 71.91% |
| Annual Growth Rate | 8.81% |
| 5-Year Change | 16.13% |
| 10-Year Change | 96.41% |
| Growth Volatility | 24.49 |
TPBI PCL - Net Assets Trend (2014–2024)
This chart illustrates how TPBI PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TPBI PCL (2014–2024)
The table below shows the annual net assets of TPBI PCL from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.97 Billion | +3.64% |
| 2023-12-31 | ฿2.87 Billion | +5.18% |
| 2022-12-31 | ฿2.72 Billion | +7.01% |
| 2021-12-31 | ฿2.55 Billion | -0.45% |
| 2020-12-31 | ฿2.56 Billion | +8.67% |
| 2019-12-31 | ฿2.35 Billion | -6.28% |
| 2018-12-31 | ฿2.51 Billion | -6.99% |
| 2017-12-31 | ฿2.70 Billion | -1.45% |
| 2016-12-31 | ฿2.74 Billion | +81.18% |
| 2015-12-31 | ฿1.51 Billion | +18.48% |
| 2014-12-31 | ฿1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TPBI PCL'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 49.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.29 Billion | 45.55% |
| Common Stock | ฿416.88 Million | 14.75% |
| Other Comprehensive Income | ฿-5.86 Million | -0.21% |
| Other Components | ฿1.13 Billion | 39.91% |
| Total Equity | ฿2.83 Billion | 100.00% |
TPBI PCL Competitors by Market Cap
The table below lists competitors of TPBI PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pluri Inc.
NASDAQ:PLUR
|
$11.07 Million |
|
MacKenzie Realty Capital, Inc. Common Stock
OTCQX:MKZR
|
$11.08 Million |
|
Transtouch Technology
TWO:3623
|
$11.08 Million |
|
Silvergate Capital Corp
PINK:SICPQ
|
$11.08 Million |
|
Medicus Pharma Ltd. Warrant
NASDAQ:MDCXW
|
$11.07 Million |
|
Dgenx Co. Ltd
KQ:113810
|
$11.06 Million |
|
AztechWB Co. Ltd
KQ:032080
|
$11.06 Million |
|
MicroBase Technology Corp.
TWO:3184
|
$11.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPBI PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,700,253,190 to 2,826,823,062, a change of 126,569,872 (4.7%).
- Net income of 249,839,614 contributed positively to equity growth.
- Dividend payments of 104,197,512 reduced retained earnings.
- Other comprehensive income decreased equity by 15,821,260.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿249.84 Million | +8.84% |
| Dividends Paid | ฿104.20 Million | -3.69% |
| Other Comprehensive Income | ฿-15.82 Million | -0.56% |
| Other Changes | ฿-3.25 Million | -0.12% |
| Total Change | ฿- | 4.69% |
Book Value vs Market Value Analysis
This analysis compares TPBI PCL'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: 0.48x
- 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 0.70x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿4.65 | ฿3.26 | x |
| 2015-12-31 | ฿4.88 | ฿3.26 | x |
| 2016-12-31 | ฿7.07 | ฿3.26 | x |
| 2017-12-31 | ฿6.38 | ฿3.26 | x |
| 2018-12-31 | ฿5.84 | ฿3.26 | x |
| 2019-12-31 | ฿5.31 | ฿3.26 | x |
| 2020-12-31 | ฿5.79 | ฿3.26 | x |
| 2021-12-31 | ฿5.68 | ฿3.26 | x |
| 2022-12-31 | ฿6.14 | ฿3.26 | x |
| 2023-12-31 | ฿6.48 | ฿3.26 | x |
| 2024-12-31 | ฿6.78 | ฿3.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPBI PCL 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): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.44%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 1.56x
- Recent ROE (8.84%) is above the historical average (8.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 19.50% | 4.55% | 1.90x | 2.25x | ฿105.66 Million |
| 2015 | 26.17% | 7.65% | 1.69x | 2.02x | ฿225.51 Million |
| 2016 | 15.00% | 8.03% | 1.26x | 1.48x | ฿131.05 Million |
| 2017 | 6.96% | 3.76% | 1.12x | 1.65x | ฿-77.52 Million |
| 2018 | -6.23% | -2.94% | 0.98x | 2.18x | ฿-380.75 Million |
| 2019 | -2.50% | -1.05% | 1.14x | 2.10x | ฿-276.72 Million |
| 2020 | 7.43% | 3.33% | 1.07x | 2.08x | ฿-61.99 Million |
| 2021 | 1.14% | 0.48% | 1.06x | 2.26x | ฿-210.01 Million |
| 2022 | 8.63% | 3.24% | 1.41x | 1.88x | ฿-34.99 Million |
| 2023 | 7.55% | 3.90% | 1.15x | 1.68x | ฿-66.27 Million |
| 2024 | 8.84% | 4.44% | 1.27x | 1.56x | ฿-32.84 Million |
Industry Comparison
This section compares TPBI PCL'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 |
|---|---|---|---|---|
| TPBI PCL (TPBI) | ฿3.00 Billion | 19.50% | 0.39x | $11.07 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 |