Thai Packaging & Printing Public Company Limited (TPP) - Net Assets

Latest as of December 2025: ฿965.47 Million THB ≈ $30.09 Million USD

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. Check Thai Packaging & Printing Public Company tangible equity quality to evaluate the tangible quality of the company's equity 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. See Thai Packaging & Printing Public Company liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

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) market capitalisation.

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
KSG Agro SA WAR:KSG	$14.03 Million
Churchill Capital Corp IX Warrant NASDAQ:CCIXW	$14.04 Million
Akritas S.A AT:AKRIT	$14.04 Million
Tarmat Limited NSE:TARMAT	$14.05 Million
Proteomics International Laboratories Ltd AU:PIQ	$14.03 Million
HPMT Holdings Bhd KLSE:5291	$14.02 Million
Highway 50 Gold Corp V:HWY	$14.01 Million
Golden Land Bhd KLSE:7382	$14.00 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: 0.47x
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 0.72x to 0.47x 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	฿12.00	x
2007-12-31	฿18.21	฿12.00	x
2008-12-31	฿17.88	฿12.00	x
2009-12-31	฿18.45	฿12.00	x
2010-12-31	฿19.24	฿12.00	x
2011-12-31	฿18.60	฿12.00	x
2012-12-31	฿19.80	฿12.00	x
2013-12-31	฿20.90	฿12.00	x
2014-12-31	฿21.44	฿12.00	x
2015-12-31	฿21.41	฿12.00	x
2016-12-31	฿21.42	฿12.00	x
2017-12-31	฿21.57	฿12.00	x
2018-12-31	฿23.27	฿12.00	x
2019-12-31	฿24.01	฿12.00	x
2020-12-31	฿23.47	฿12.00	x
2021-12-31	฿24.42	฿12.00	x
2022-12-31	฿23.98	฿12.00	x
2023-12-31	฿24.61	฿12.00	x
2024-12-31	฿24.92	฿12.00	x
2025-12-31	฿25.74	฿12.00	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: $1,951,631,045
Average return on equity (ROE) among peers: 6.11%

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	$14.03 Million
A.J. Plast Public Company Limited (AJ)	$4.28 Billion	-12.92%	2.21x	$50.57 Million
Crown Seal Public Company Limited (CSC)	$3.95 Billion	6.23%	0.19x	$71.32 Million
Multibax Public Company Limited (MBAX)	$317.76 Million	10.34%	2.33x	$11.71 Million
NEP Realty and Industry Public Company Limited (NEP)	$617.27 Million	-4.54%	0.36x	$14.50 Million
Prodigy Public Company Limited (PDG)	$566.95 Million	13.12%	0.20x	$29.44 Million
Panjawattana Plastic Public Company Limited (PJW)	$1.44 Billion	11.40%	1.56x	$37.19 Million
Srithai Superware Public Company Limited (SITHAI)	$4.38 Billion	7.99%	0.86x	$84.65 Million
Sahamitr Pressure Container Public Company Limited (SMPC)	$3.28 Billion	18.31%	0.15x	$151.06 Million
S. Pack & Print Public Company Limited (SPACK)	$446.51 Million	-3.93%	1.86x	$11.22 Million
Thai Coating Industrial Public Company Limited (TCOAT)	$239.75 Million	15.05%	1.20x	$9.49 Million

About Thai Packaging & Printing Public Company Limited

BK:TPP Thailand Packaging & Containers

Market Cap

$14.03 Million

฿450.00 Million THB

Market Cap Rank

#26190 Global

#535 in Thailand

Share Price

฿12.00

Change (1 day)

+0.00%

52-Week Range

฿10.10 - ฿12.20

All Time High

฿28.54