TQR Public Company Limited
TQR Public Company Limited operates as a reinsurance broker in Thailand. It operates through three segments: Traditional Business, Alternatives Business, and Other Business. The company offers treaty and facultative reinsurance, as well as motor car, motorcycle, extended warranty, travel, cyber security, medical malpractice, and director and officer liability insurance services. It also provides … Read more
TQR Public Company Limited (TQR) - Net Assets
Latest net assets as of September 2025: ฿498.38 Million THB
Based on the latest financial reports, TQR Public Company Limited (TQR) has net assets worth ฿498.38 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿594.20 Million) and total liabilities (฿95.82 Million). 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 | ฿498.38 Million |
| % of Total Assets | 83.87% |
| Annual Growth Rate | 29.69% |
| 5-Year Change | 405.11% |
| 10-Year Change | N/A |
| Growth Volatility | 116.1 |
TQR Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how TQR Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TQR Public Company Limited (2016–2024)
The table below shows the annual net assets of TQR Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿512.66 Million | +2.61% |
| 2023-12-31 | ฿499.60 Million | +0.56% |
| 2022-12-31 | ฿496.80 Million | +8.19% |
| 2021-12-31 | ฿459.21 Million | +352.44% |
| 2020-12-31 | ฿101.50 Million | +80.36% |
| 2019-12-31 | ฿56.27 Million | -18.06% |
| 2018-12-31 | ฿68.68 Million | +17.63% |
| 2017-12-31 | ฿58.38 Million | -8.88% |
| 2016-12-31 | ฿64.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TQR 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 78.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿100.86 Million | 19.72% |
| Other Components | ฿410.53 Million | 80.28% |
| Total Equity | ฿511.39 Million | 100.00% |
TQR Public Company Limited Competitors by Market Cap
The table below lists competitors of TQR Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vate Technology Co Ltd
TWO:5344
|
$9.80 Million |
|
ReFuels N.V.
OL:REFL
|
$9.80 Million |
|
Eagle Plains Resources Ltd
PINK:EGPLF
|
$9.80 Million |
|
Coronation Fund Managers Ltd
JSE:CML
|
$9.80 Million |
|
Bison Electronics Inc.
TWO:3659
|
$9.80 Million |
|
PT Sumber Mineral Global Abadi
JK:SMGA
|
$9.79 Million |
|
Mangold Fondkommission AB
ST:MANG
|
$9.78 Million |
|
Sheetal Cool Products Limited
NSE:SCPL
|
$9.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TQR Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 498,226,020 to 511,392,474, a change of 13,166,454 (2.6%).
- Net income of 100,350,657 contributed positively to equity growth.
- Dividend payments of 94,299,385 reduced retained earnings.
- New share issuances of 337,500 increased equity.
- Other comprehensive income decreased equity by 18,342,900.
- Other factors increased equity by 25,120,582.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿100.35 Million | +19.62% |
| Dividends Paid | ฿94.30 Million | -18.44% |
| Share Issuances | ฿337.50K | +0.07% |
| Other Comprehensive Income | ฿-18.34 Million | -3.59% |
| Other Changes | ฿25.12 Million | +4.91% |
| Total Change | ฿- | 2.64% |
Book Value vs Market Value Analysis
This analysis compares TQR 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: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.24x to 2.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿4.27 | ฿5.30 | x |
| 2017-12-31 | ฿3.89 | ฿5.30 | x |
| 2018-12-31 | ฿0.30 | ฿5.30 | x |
| 2019-12-31 | ฿0.24 | ฿5.30 | x |
| 2020-12-31 | ฿0.44 | ฿5.30 | x |
| 2021-12-31 | ฿2.06 | ฿5.30 | x |
| 2022-12-31 | ฿2.15 | ฿5.30 | x |
| 2023-12-31 | ฿2.17 | ฿5.30 | x |
| 2024-12-31 | ฿2.22 | ฿5.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TQR 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): 19.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.76%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.17x
- Recent ROE (19.62%) is below the historical average (41.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 56.17% | 38.54% | 0.46x | 3.17x | ฿29.58 Million |
| 2017 | 35.11% | 19.55% | 0.32x | 5.54x | ฿14.66 Million |
| 2018 | 47.88% | 21.39% | 0.60x | 3.72x | ฿26.01 Million |
| 2019 | 78.25% | 33.24% | 0.36x | 6.62x | ฿38.41 Million |
| 2020 | 72.96% | 37.78% | 0.92x | 2.10x | ฿63.91 Million |
| 2021 | 21.29% | 38.02% | 0.47x | 1.20x | ฿51.69 Million |
| 2022 | 19.83% | 40.34% | 0.41x | 1.20x | ฿48.68 Million |
| 2023 | 20.13% | 40.13% | 0.42x | 1.19x | ฿50.49 Million |
| 2024 | 19.62% | 38.76% | 0.43x | 1.17x | ฿49.21 Million |
Industry Comparison
This section compares TQR Public Company Limited's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $1,441,362,055
- Average return on equity (ROE) among peers: 23.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TQR Public Company Limited (TQR) | ฿498.38 Million | 56.17% | 0.19x | $9.80 Million |
| Thai Reinsurance Public Company Limited (THRE) | $1.57 Billion | 22.18% | 1.02x | $26.24 Million |
| Thaire Life Assurance Public Company Limited (THREL) | $1.31 Billion | 24.50% | 0.56x | $12.78 Million |