Thai Packaging & Printing Public Company Limited (TPP) - Net Assets
Based on the latest financial reports, Thai Packaging & Printing Public Company Limited (TPP) has net assets worth ฿965.47 Million THB (≈ $30.09 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.11 Billion ≈ $34.70 Million USD) and total liabilities (฿147.73 Million ≈ $4.60 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. Also explore Thai Packaging & Printing Public Company assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿965.47 Million |
| % of Total Assets | 86.73% |
| Annual Growth Rate | 4.91% |
| 5-Year Change | 5.4% |
| 10-Year Change | 20.14% |
| Growth Volatility | 25.48 |
Thai Packaging & Printing Public Company Limited - Net Assets Trend (2000–2025)
This chart illustrates how Thai Packaging & Printing Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check Thai Packaging & Printing Public Company (TPP) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Thai Packaging & Printing Public Company Limited (2000–2025)
The table below shows the annual net assets of Thai Packaging & Printing Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Thai Packaging & Printing Public Company (TPP) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿965.47 Million ≈ $30.09 Million |
+3.28% |
| 2024-12-31 | ฿934.79 Million ≈ $29.14 Million |
+1.26% |
| 2023-12-31 | ฿923.16 Million ≈ $28.77 Million |
+2.64% |
| 2022-12-31 | ฿899.42 Million ≈ $28.03 Million |
-1.81% |
| 2021-12-31 | ฿916.03 Million ≈ $28.55 Million |
+4.07% |
| 2020-12-31 | ฿880.24 Million ≈ $27.44 Million |
-2.27% |
| 2019-12-31 | ฿900.68 Million ≈ $28.07 Million |
+3.21% |
| 2018-12-31 | ฿872.69 Million ≈ $27.20 Million |
+7.87% |
| 2017-12-31 | ฿809.05 Million ≈ $25.22 Million |
+0.68% |
| 2016-12-31 | ฿803.62 Million ≈ $25.05 Million |
+0.07% |
| 2015-12-31 | ฿803.07 Million ≈ $25.03 Million |
-0.18% |
| 2014-12-31 | ฿804.52 Million ≈ $25.08 Million |
+1.85% |
| 2013-12-31 | ฿789.93 Million ≈ $24.62 Million |
+5.88% |
| 2012-12-31 | ฿746.05 Million ≈ $23.25 Million |
+6.51% |
| 2011-12-31 | ฿700.45 Million ≈ $21.83 Million |
-2.98% |
| 2010-12-31 | ฿721.98 Million ≈ $22.50 Million |
+4.29% |
| 2009-12-31 | ฿692.28 Million ≈ $21.58 Million |
+3.19% |
| 2008-12-31 | ฿670.85 Million ≈ $20.91 Million |
-2.10% |
| 2007-12-31 | ฿685.22 Million ≈ $21.36 Million |
+9.11% |
| 2006-12-31 | ฿627.99 Million ≈ $19.57 Million |
-0.29% |
| 2005-12-31 | ฿629.80 Million ≈ $19.63 Million |
+2.67% |
| 2004-12-31 | ฿613.43 Million ≈ $19.12 Million |
-0.07% |
| 2003-12-31 | ฿613.83 Million ≈ $19.13 Million |
+130.36% |
| 2002-12-31 | ฿266.46 Million ≈ $8.31 Million |
-5.08% |
| 2001-12-31 | ฿280.74 Million ≈ $8.75 Million |
-3.53% |
| 2000-12-31 | ฿291.01 Million ≈ $9.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Packaging & Printing 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 11079352700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿110.79 Million | 11.48% |
| Other Components | ฿854.34 Million | 88.52% |
| Total Equity | ฿965.13 Million | 100.00% |
Thai Packaging & Printing Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Packaging & Printing Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zelan Bhd
KLSE:2283
|
$14.85 Million |
|
SPAR Group Inc
NASDAQ:SGRP
|
$14.85 Million |
|
Dynamic Metals Ltd
AU:DYM
|
$14.85 Million |
|
Forgame Holdings Limited
F:FH0
|
$14.86 Million |
|
iRobot Corporation
NASDAQ:IRBT
|
$14.84 Million |
|
VIMAB Group AB
ST:VIMAB
|
$14.84 Million |
|
Natural Health Trends Corp
F:NAH
|
$14.84 Million |
|
Soder Sportfiske AB
ST:SODER
|
$14.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Packaging & Printing Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 934,477,563 to 965,131,862, a change of 30,654,299 (3.3%).
- Net income of 49,113,299 contributed positively to equity growth.
- Dividend payments of 16,835,167 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿49.11 Million | +5.09% |
| Dividends Paid | ฿16.84 Million | -1.74% |
| Other Changes | ฿-1.62 Million | -0.17% |
| Total Change | ฿- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares Thai Packaging & Printing 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: 0.49x
- 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 0.76x to 0.49x 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 | ฿16.73 | ฿12.70 | x |
| 2007-12-31 | ฿18.21 | ฿12.70 | x |
| 2008-12-31 | ฿17.88 | ฿12.70 | x |
| 2009-12-31 | ฿18.45 | ฿12.70 | x |
| 2010-12-31 | ฿19.24 | ฿12.70 | x |
| 2011-12-31 | ฿18.60 | ฿12.70 | x |
| 2012-12-31 | ฿19.80 | ฿12.70 | x |
| 2013-12-31 | ฿20.90 | ฿12.70 | x |
| 2014-12-31 | ฿21.44 | ฿12.70 | x |
| 2015-12-31 | ฿21.41 | ฿12.70 | x |
| 2016-12-31 | ฿21.42 | ฿12.70 | x |
| 2017-12-31 | ฿21.57 | ฿12.70 | x |
| 2018-12-31 | ฿23.27 | ฿12.70 | x |
| 2019-12-31 | ฿24.01 | ฿12.70 | x |
| 2020-12-31 | ฿23.47 | ฿12.70 | x |
| 2021-12-31 | ฿24.42 | ฿12.70 | x |
| 2022-12-31 | ฿23.98 | ฿12.70 | x |
| 2023-12-31 | ฿24.61 | ฿12.70 | x |
| 2024-12-31 | ฿24.92 | ฿12.70 | x |
| 2025-12-31 | ฿25.74 | ฿12.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Packaging & Printing 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): 5.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.17%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.15x
- Recent ROE (5.09%) is above the historical average (2.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 11.04% | 33.10% | 0.30x | 1.11x | ฿6.38 Million |
| 2005 | 1.34% | 3.59% | 0.36x | 1.05x | ฿-54.52 Million |
| 2006 | 0.13% | 0.32% | 0.38x | 1.05x | ฿-61.91 Million |
| 2007 | 8.18% | 15.06% | 0.50x | 1.09x | ฿-12.44 Million |
| 2008 | -9.48% | -19.85% | 0.45x | 1.05x | ฿-130.62 Million |
| 2009 | 2.50% | 6.76% | 0.35x | 1.06x | ฿-51.87 Million |
| 2010 | 4.09% | 8.36% | 0.44x | 1.11x | ฿-42.61 Million |
| 2011 | -3.46% | -7.03% | 0.46x | 1.07x | ฿-93.88 Million |
| 2012 | 5.71% | 10.28% | 0.51x | 1.10x | ฿-31.82 Million |
| 2013 | 2.73% | 6.42% | 0.37x | 1.15x | ฿-57.43 Million |
| 2014 | 3.40% | 9.36% | 0.30x | 1.20x | ฿-53.04 Million |
| 2015 | 1.79% | 5.38% | 0.29x | 1.16x | ฿-65.92 Million |
| 2016 | 1.47% | 4.41% | 0.29x | 1.15x | ฿-68.49 Million |
| 2017 | 2.07% | 6.81% | 0.26x | 1.16x | ฿-64.17 Million |
| 2018 | 0.64% | 1.86% | 0.30x | 1.16x | ฿-81.63 Million |
| 2019 | 4.01% | 11.06% | 0.31x | 1.16x | ฿-53.90 Million |
| 2020 | -0.44% | -1.62% | 0.23x | 1.16x | ฿-91.88 Million |
| 2021 | 3.18% | 12.13% | 0.22x | 1.18x | ฿-62.43 Million |
| 2022 | 3.32% | 11.22% | 0.26x | 1.15x | ฿-60.05 Million |
| 2023 | 1.30% | 5.62% | 0.20x | 1.15x | ฿-80.30 Million |
| 2024 | 2.53% | 9.67% | 0.23x | 1.16x | ฿-69.84 Million |
| 2025 | 5.09% | 18.17% | 0.24x | 1.15x | ฿-47.40 Million |
Industry Comparison
This section compares Thai Packaging & Printing 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: $1,029,388,064
- Average return on equity (ROE) among peers: 13.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Packaging & Printing Public Company Limited (TPP) | ฿965.47 Million | 11.04% | 0.15x | $14.84 Million |
| A.J. Plast Public Company Limited (AJ) | $1.37 Billion | 12.64% | 2.09x | $59.50 Million |
| Crown Seal Public Company Limited (CSC) | $1.34 Billion | 10.61% | 0.57x | $74.15 Million |
| Multibax Public Company Limited (MBAX) | $590.33 Million | 20.77% | 1.60x | $12.39 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $942.47 Million | 36.51% | 0.07x | $13.77 Million |
| Prodigy Public Company Limited (PDG) | $626.18 Million | 13.29% | 0.19x | $29.99 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.02 Billion | 9.67% | 1.46x | $37.55 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.57 Billion | 6.88% | 0.38x | $92.87 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $-1.17 Billion | 0.00% | 0.00x | $164.41 Million |
| S. Pack & Print Public Company Limited (SPACK) | $745.55 Million | 16.87% | 0.23x | $12.72 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $258.22 Million | 6.53% | 1.03x | $8.51 Million |
About Thai Packaging & Printing Public Company Limited
Thai Packaging & Printing Public Company Limited, together with its subsidiaries, manufactures and distributes box packaging products. It offers corrugated boxed and white paper printed products in offset designs for automotive, electric, medical appliance, food and beverage, houseware, fast-moving consumer, toy, and miscellaneous sectors. The company also provides offset printing folding boxes, … Read more