TQM CORPORATION (TQM-R) - Net Assets
Based on the latest financial reports, TQM CORPORATION (TQM-R) has net assets worth ฿3.28 Billion THB (≈ $102.14 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿5.96 Billion ≈ $185.89 Million USD) and total liabilities (฿2.69 Billion ≈ $83.75 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 TQM CORPORATION liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.28 Billion |
| % of Total Assets | 54.95% |
| Annual Growth Rate | 166.96% |
| 5-Year Change | 39.31% |
| 10-Year Change | N/A |
| Growth Volatility | 26812.82 |
TQM CORPORATION - Net Assets Trend (2014–2023)
This chart illustrates how TQM CORPORATION's net assets have evolved over time, based on quarterly financial data. Also explore TQM-R current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for TQM CORPORATION (2014–2023)
The table below shows the annual net assets of TQM CORPORATION from 2014 to 2023. For live valuation and market cap data, see TQM CORPORATION stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿3.27 Billion ≈ $102.05 Million |
+3.68% |
| 2022-12-31 | ฿3.16 Billion ≈ $98.42 Million |
+4.89% |
| 2021-12-31 | ฿3.01 Billion ≈ $93.84 Million |
+25.46% |
| 2020-12-31 | ฿2.40 Billion ≈ $74.79 Million |
+2.10% |
| 2019-12-31 | ฿2.35 Billion ≈ $73.26 Million |
+9.56% |
| 2018-12-31 | ฿2.15 Billion ≈ $66.87 Million |
+469.82% |
| 2017-12-31 | ฿376.48 Million ≈ $11.73 Million |
+12.14% |
| 2016-12-31 | ฿335.71 Million ≈ $10.46 Million |
-17.45% |
| 2015-12-31 | ฿406.66 Million ≈ $12.68 Million |
+85380.41% |
| 2014-12-31 | ฿475.74K ≈ $14.83K |
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Equity Component Analysis
This analysis shows how different components contribute to TQM CORPORATION'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 95428057161.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿954.26 Million | 35.15% |
| Common Stock | ฿300.00 Million | 11.05% |
| Other Comprehensive Income | ฿-146.52 Million | -5.40% |
| Other Components | ฿1.61 Billion | 59.19% |
| Total Equity | ฿2.71 Billion | 100.00% |
TQM CORPORATION Competitors by Market Cap
The table below lists competitors of TQM CORPORATION ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perma-Pipe International Holdings Inc
NASDAQ:PPIH
|
$261.03 Million |
|
Seaport Entertainment Group Inc.
NYSE MKT:SEG
|
$261.07 Million |
|
BenQ Materials Corp
TW:8215
|
$261.16 Million |
|
CHINA KEPEI ED. DL-00001
F:9CK
|
$261.39 Million |
|
Bera Holding AS
IS:BERA
|
$260.90 Million |
|
Brinova Fastigheter AB (publ)
ST:BRIN-B
|
$260.83 Million |
|
Healthco Healthcare and Wellness REIT
AU:HCW
|
$260.82 Million |
|
IBASE Technology
TWO:8050
|
$260.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TQM CORPORATION's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,570,285,949 to 2,714,494,716, a change of 144,208,767 (5.6%).
- Net income of 816,272,491 contributed positively to equity growth.
- Dividend payments of 689,563,232 reduced retained earnings.
- Share repurchases of 126,812,901 reduced equity.
- Other comprehensive income decreased equity by 176,515,011.
- Other factors increased equity by 320,827,420.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿816.27 Million | +30.07% |
| Dividends Paid | ฿689.56 Million | -25.4% |
| Share Repurchases | ฿126.81 Million | -4.67% |
| Other Comprehensive Income | ฿-176.52 Million | -6.5% |
| Other Changes | ฿320.83 Million | +11.82% |
| Total Change | ฿- | 5.61% |
Book Value vs Market Value Analysis
This analysis compares TQM CORPORATION'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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17782.97x to 3.12x 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 | ฿0.00 | ฿14.10 | x |
| 2015-12-31 | ฿0.01 | ฿14.10 | x |
| 2016-12-31 | ฿0.56 | ฿14.10 | x |
| 2017-12-31 | ฿0.84 | ฿14.10 | x |
| 2018-12-31 | ฿4.70 | ฿14.10 | x |
| 2019-12-31 | ฿3.92 | ฿14.10 | x |
| 2020-12-31 | ฿4.00 | ฿14.10 | x |
| 2021-12-31 | ฿4.46 | ฿14.10 | x |
| 2022-12-31 | ฿4.28 | ฿14.10 | x |
| 2023-12-31 | ฿4.52 | ฿14.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TQM CORPORATION 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): 30.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.94%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.01x
- Recent ROE (30.07%) is above the historical average (24.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.47% | 0.00% | 0.00x | 1.01x | ฿-49.79K |
| 2015 | -0.07% | 0.00% | 1.08x | 398.62x | ฿-507.26K |
| 2016 | 11.40% | 1.75% | 1.17x | 5.57x | ฿4.69 Million |
| 2017 | 71.27% | 11.88% | 1.18x | 5.06x | ฿230.66 Million |
| 2018 | 18.84% | 16.16% | 0.65x | 1.78x | ฿189.74 Million |
| 2019 | 21.58% | 18.71% | 0.64x | 1.81x | ฿272.20 Million |
| 2020 | 29.25% | 22.77% | 0.62x | 2.06x | ฿462.03 Million |
| 2021 | 33.27% | 27.20% | 0.74x | 1.66x | ฿622.79 Million |
| 2022 | 31.49% | 22.54% | 0.73x | 1.91x | ฿552.26 Million |
| 2023 | 30.07% | 21.94% | 0.68x | 2.01x | ฿544.82 Million |
Industry Comparison
This section compares TQM CORPORATION's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $291,486,553
- Average return on equity (ROE) among peers: -0.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TQM CORPORATION (TQM-R) | ฿3.28 Billion | -0.47% | 0.82x | $260.95 Million |
| ASN Broker Public Company Limited (ASN) | $291.49 Million | -0.70% | 0.91x | $3.85 Million |
About TQM CORPORATION
TQM Alpha Public Company Limited engages in the insurance brokerage business in Thailand. It offers individual and group life insurance products; non-life insurance products comprising motor and non-motor, health, and accident insurance; reinsurance products; and consulting services for insurance claims. The company also provides personal loans; IT and software services; procurement and consultin… Read more