Thai Polycons Public Company Limited (TPOLY) - Net Assets
Based on the latest financial reports, Thai Polycons Public Company Limited (TPOLY) has net assets worth ฿2.69 Billion THB (≈ $83.82 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.27 Billion ≈ $288.81 Million USD) and total liabilities (฿6.58 Billion ≈ $204.98 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 TPOLY asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.69 Billion |
| % of Total Assets | 29.02% |
| Annual Growth Rate | 14.44% |
| 5-Year Change | -28.98% |
| 10-Year Change | 25.59% |
| Growth Volatility | 32.76 |
Thai Polycons Public Company Limited - Net Assets Trend (2007–2024)
This chart illustrates how Thai Polycons Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thai Polycons Public Company Limited (TPOLY) total assets for the complete picture of this company's asset base.
Annual Net Assets for Thai Polycons Public Company Limited (2007–2024)
The table below shows the annual net assets of Thai Polycons Public Company Limited from 2007 to 2024. For live valuation and market cap data, see TPOLY company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.16 Billion ≈ $98.46 Million |
-4.58% |
| 2023-12-31 | ฿3.31 Billion ≈ $103.18 Million |
-9.78% |
| 2022-12-31 | ฿3.67 Billion ≈ $114.37 Million |
-3.52% |
| 2021-12-31 | ฿3.80 Billion ≈ $118.55 Million |
-14.48% |
| 2020-12-31 | ฿4.45 Billion ≈ $138.63 Million |
+5.97% |
| 2019-12-31 | ฿4.20 Billion ≈ $130.82 Million |
+10.89% |
| 2018-12-31 | ฿3.78 Billion ≈ $117.97 Million |
+16.04% |
| 2017-12-31 | ฿3.26 Billion ≈ $101.67 Million |
+14.30% |
| 2016-12-31 | ฿2.85 Billion ≈ $88.95 Million |
+13.46% |
| 2015-12-31 | ฿2.52 Billion ≈ $78.40 Million |
+51.28% |
| 2014-12-31 | ฿1.66 Billion ≈ $51.82 Million |
+117.28% |
| 2013-12-31 | ฿765.19 Million ≈ $23.85 Million |
+25.06% |
| 2012-12-31 | ฿611.86 Million ≈ $19.07 Million |
-23.80% |
| 2011-12-31 | ฿802.94 Million ≈ $25.03 Million |
+11.67% |
| 2010-12-31 | ฿719.00 Million ≈ $22.41 Million |
+47.35% |
| 2009-12-31 | ฿487.95 Million ≈ $15.21 Million |
+0.00% |
| 2008-12-31 | ฿487.95 Million ≈ $15.21 Million |
+53.02% |
| 2007-12-31 | ฿318.87 Million ≈ $9.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Polycons 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 2409.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿2.20 Billion | 262.39% |
| Total Equity | ฿837.25 Million | 100.00% |
Thai Polycons Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Polycons Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CrownHaitai Holdings Co Ltd Preference Shares
KO:005745
|
$2.86 Million |
|
Viver Incorporadora e Construtora S.A
SA:VIVR3
|
$2.86 Million |
|
Nexion Group Ltd
AU:NNG
|
$2.86 Million |
|
Marin Software Inc
NASDAQ:MRIN
|
$2.86 Million |
|
World Copper Ltd
V:WCU
|
$2.85 Million |
|
Earthworks Industries Inc
V:EWK
|
$2.85 Million |
|
AS Trigon Property Development
STU:UG4
|
$2.85 Million |
|
Surefire Resources NL
AU:SRN
|
$2.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Polycons Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 879,764,563 to 837,248,987, a change of -42,515,576 (-4.8%).
- Net loss of 74,352,067 reduced equity.
- Dividend payments of 448,002,464 reduced retained earnings.
- Other comprehensive income decreased equity by 201,727,928.
- Other factors increased equity by 681,566,884.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-74.35 Million | -8.88% |
| Dividends Paid | ฿448.00 Million | -53.51% |
| Other Comprehensive Income | ฿-201.73 Million | -24.09% |
| Other Changes | ฿681.57 Million | +81.41% |
| Total Change | ฿- | -4.83% |
Book Value vs Market Value Analysis
This analysis compares Thai Polycons 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: 0.11x
- 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 |
|---|---|---|---|
| 2008-12-31 | ฿1.38 | ฿0.16 | x |
| 2009-12-31 | ฿1.16 | ฿0.16 | x |
| 2010-12-31 | ฿1.71 | ฿0.16 | x |
| 2011-12-31 | ฿1.70 | ฿0.16 | x |
| 2012-12-31 | ฿1.28 | ฿0.16 | x |
| 2013-12-31 | ฿0.98 | ฿0.16 | x |
| 2014-12-31 | ฿0.05 | ฿0.16 | x |
| 2015-12-31 | ฿2.00 | ฿0.16 | x |
| 2016-12-31 | ฿2.07 | ฿0.16 | x |
| 2017-12-31 | ฿2.48 | ฿0.16 | x |
| 2018-12-31 | ฿2.72 | ฿0.16 | x |
| 2019-12-31 | ฿2.88 | ฿0.16 | x |
| 2020-12-31 | ฿2.83 | ฿0.16 | x |
| 2021-12-31 | ฿2.31 | ฿0.16 | x |
| 2022-12-31 | ฿1.94 | ฿0.16 | x |
| 2023-12-31 | ฿1.54 | ฿0.16 | x |
| 2024-12-31 | ฿1.46 | ฿0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Polycons 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): -8.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.29%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 11.52x
- Recent ROE (-8.88%) is above the historical average (-69.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 22.99% | 5.60% | 1.97x | 2.08x | ฿41.42 Million |
| 2008 | 16.26% | 4.55% | 1.42x | 2.51x | ฿30.52 Million |
| 2009 | 8.10% | 2.24% | 1.44x | 2.51x | ฿-9.27 Million |
| 2010 | 11.71% | 4.18% | 1.21x | 2.31x | ฿12.27 Million |
| 2011 | 6.49% | 1.97% | 1.13x | 2.90x | ฿-26.61 Million |
| 2012 | -35.38% | -7.46% | 0.77x | 6.18x | ฿-243.08 Million |
| 2013 | -100.32% | -17.33% | 0.69x | 8.42x | ฿-491.68 Million |
| 2014 | -1199.67% | -13.03% | 0.47x | 194.81x | ฿-310.85 Million |
| 2015 | -25.06% | -12.18% | 0.43x | 4.73x | ฿-389.04 Million |
| 2016 | 9.83% | 4.47% | 0.43x | 5.12x | ฿-2.15 Million |
| 2017 | 12.49% | 5.11% | 0.51x | 4.79x | ฿34.93 Million |
| 2018 | 10.18% | 4.69% | 0.46x | 4.72x | ฿2.74 Million |
| 2019 | 31.95% | 13.85% | 0.39x | 5.96x | ฿361.46 Million |
| 2020 | 21.03% | 8.58% | 0.38x | 6.40x | ฿178.89 Million |
| 2021 | -6.35% | -1.93% | 0.38x | 8.57x | ฿-216.17 Million |
| 2022 | 2.86% | 0.63% | 0.42x | 10.73x | ฿-79.20 Million |
| 2023 | -26.70% | -3.91% | 0.58x | 11.68x | ฿-322.84 Million |
| 2024 | -8.88% | -2.29% | 0.34x | 11.52x | ฿-158.08 Million |
Industry Comparison
This section compares Thai Polycons 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: $5,351,797,638
- Average return on equity (ROE) among peers: -5.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Polycons Public Company Limited (TPOLY) | ฿2.69 Billion | 22.99% | 2.45x | $2.86 Million |
| Asia Precision Public Company Limited (APCS) | $1.70 Billion | 13.02% | 0.70x | $28.80 Million |
| CH. Karnchang PCL (CK) | $2.95 Billion | 0.00% | 4.00x | $890.38 Million |
| CH. Karnchang Public Company Limited (CK-R) | $27.81 Billion | 6.39% | 1.97x | $874.67 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $962.87 Million | 14.14% | 1.76x | $32.68 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $281.94 Million | -27.02% | 2.02x | $4.83 Million |
| Demco Public Company Limited (DEMCO) | $3.59 Billion | -15.33% | 0.79x | $51.03 Million |
| EMC Public Company Limited (EMC) | $916.22 Million | 3.70% | 2.17x | $11.75 Million |
| Floyd Public Company Limited (FLOYD) | $45.87 Million | 24.77% | 3.63x | $15.65 Million |
| Hydrotek Public Company Limited (HYDRO) | $280.51 Million | -63.33% | 1.38x | $25.79 Million |
| Italian-Thai Development Public Company Limited (ITD) | $14.98 Billion | -14.32% | 2.38x | $41.14 Million |
About Thai Polycons Public Company Limited
Thai Polycons Public Company Limited engages as a construction contractor business in Thailand. The company offers construction services including steps and piles, foundation, soil collapse prevention, structural, architectural, landscape architectural, and system engineering work services for government agencies and private sectors. It also engages in the property development; trading; energy in… Read more