True Corporation Public Company Limited (TRUE) - Net Assets

Latest as of June 2025: ฿77.17 Billion THB

Based on the latest financial reports, True Corporation Public Company Limited (TRUE) has net assets worth ฿77.17 Billion THB as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿637.15 Billion) and total liabilities (฿559.98 Billion). 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 ฿77.17 Billion
% of Total Assets 12.11%
Annual Growth Rate 9.38%
5-Year Change -13.35%
10-Year Change -1.36%
Growth Volatility 531.15

True Corporation Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how True Corporation 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 True Corporation Public Company Limited (2000–2024)

The table below shows the annual net assets of True Corporation Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿74.18 Billion -13.88%
2023-12-31 ฿86.14 Billion +40.28%
2022-12-31 ฿61.41 Billion -24.95%
2021-12-31 ฿81.82 Billion -4.44%
2020-12-31 ฿85.62 Billion -32.06%
2019-12-31 ฿126.02 Billion -5.87%
2018-12-31 ฿133.88 Billion -0.24%
2017-12-31 ฿134.20 Billion +1.88%
2016-12-31 ฿131.73 Billion +75.15%
2015-12-31 ฿75.21 Billion +6.01%
2014-12-31 ฿70.94 Billion +1399.13%
2013-12-31 ฿4.73 Billion -66.21%
2012-12-31 ฿14.00 Billion -34.77%
2011-12-31 ฿21.47 Billion +72.17%
2010-12-31 ฿12.47 Billion +17.17%
2009-12-31 ฿10.64 Billion +60.76%
2008-12-31 ฿6.62 Billion -44.63%
2007-12-31 ฿11.96 Billion +61.56%
2006-12-31 ฿7.40 Billion +2310.89%
2005-12-31 ฿306.95 Million -93.52%
2004-12-31 ฿4.74 Billion +216.88%
2003-12-31 ฿1.50 Billion -79.23%
2002-12-31 ฿7.20 Billion +47.05%
2001-12-31 ฿4.90 Billion -43.26%
2000-12-31 ฿8.63 Billion --

Equity Component Analysis

This analysis shows how different components contribute to True Corporation 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 18066555879000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components ฿284.03 Billion 384.40%
Total Equity ฿73.89 Billion 100.00%

True Corporation Public Company Limited Competitors by Market Cap

The table below lists competitors of True Corporation Public Company Limited ranked by their market capitalization.

Company Market Cap
Hua Hong Semiconductor Limited
F:1HH
 		$15.19 Billion
Origin Energy Ltd
AU:ORG
 		$15.20 Billion
Eastroc Beverage Group Co Ltd
SHG:605499
 		$15.20 Billion
SCB X Public Company Limited
BK:SCB
 		$15.22 Billion
Astra International Tbk
JK:ASII
 		$15.12 Billion
Jones Lang LaSalle Incorporated
NYSE:JLL
 		$15.10 Billion
Moncler S.p.A.
F:MOV0
 		$15.04 Billion
mBank SA
WAR:MBK
 		$15.04 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in True Corporation Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 85,779,067,000 to 73,889,513,000, a change of -11,889,554,000 (-13.9%).
  • Net loss of 10,965,859,000 reduced equity.
  • Other comprehensive income decreased equity by 1,854,957,000.
  • Other factors increased equity by 931,262,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿-10.97 Billion -14.84%
Other Comprehensive Income ฿-1.85 Billion -2.51%
Other Changes ฿931.26 Million +1.26%
Total Change ฿- -13.86%

Book Value vs Market Value Analysis

This analysis compares True Corporation 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: 6.59x
  • 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 increased from 3.62x to 6.59x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 ฿3.89 ฿14.10 x
2001-12-31 ฿0.82 ฿14.10 x
2002-12-31 ฿2.37 ฿14.10 x
2003-12-31 ฿0.17 ฿14.10 x
2004-12-31 ฿0.76 ฿14.10 x
2005-12-31 ฿0.02 ฿14.10 x
2006-12-31 ฿1.75 ฿14.10 x
2007-12-31 ฿2.55 ฿14.10 x
2008-12-31 ฿1.08 ฿14.10 x
2009-12-31 ฿1.22 ฿14.10 x
2010-12-31 ฿1.11 ฿14.10 x
2011-12-31 ฿1.75 ฿14.10 x
2012-12-31 ฿0.90 ฿14.10 x
2013-12-31 ฿0.25 ฿14.10 x
2014-12-31 ฿3.64 ฿14.10 x
2015-12-31 ฿2.98 ฿14.10 x
2016-12-31 ฿4.48 ฿14.10 x
2017-12-31 ฿4.00 ฿14.10 x
2018-12-31 ฿3.99 ฿14.10 x
2019-12-31 ฿3.76 ฿14.10 x
2020-12-31 ฿2.55 ฿14.10 x
2021-12-31 ฿2.35 ฿14.10 x
2022-12-31 ฿1.76 ฿14.10 x
2023-12-31 ฿2.48 ฿14.10 x
2024-12-31 ฿2.14 ฿14.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently True Corporation 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): -14.84%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.32%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 9.14x
  • Recent ROE (-14.84%) is above the historical average (-248.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 -40.70% -17.06% 0.22x 10.87x ฿-4.12 Billion
2001 -77.13% -16.60% 0.24x 19.47x ฿-3.87 Billion
2002 -79.98% -20.93% 0.28x 13.82x ฿-6.07 Billion
2003 -526.27% -20.30% 0.32x 80.47x ฿-5.78 Billion
2004 13.85% 1.83% 0.32x 23.50x ฿168.25 Million
2005 -5099.27% -9.72% 0.41x 1290.76x ฿-4.28 Billion
2006 -60.86% -8.06% 0.42x 17.90x ฿-4.87 Billion
2007 16.00% 2.75% 0.49x 11.75x ฿636.41 Million
2008 -43.18% -3.84% 0.52x 21.44x ฿-2.90 Billion
2009 12.33% 1.96% 0.54x 11.69x ฿231.69 Million
2010 16.47% 3.14% 0.54x 9.67x ฿769.56 Million
2011 -12.96% -3.74% 0.47x 7.29x ฿-4.77 Billion
2012 -55.65% -8.31% 0.50x 13.51x ฿-8.76 Billion
2013 -222.07% -9.42% 0.47x 50.44x ฿-9.47 Billion
2014 2.03% 1.31% 0.47x 3.33x ฿-5.61 Billion
2015 5.92% 3.71% 0.42x 3.79x ฿-3.04 Billion
2016 -2.15% -2.26% 0.28x 3.43x ฿-15.92 Billion
2017 1.74% 1.64% 0.30x 3.48x ฿-11.03 Billion
2018 5.28% 4.35% 0.33x 3.72x ฿-6.29 Billion
2019 4.50% 4.00% 0.27x 4.18x ฿-6.90 Billion
2020 1.23% 0.76% 0.22x 7.26x ฿-7.46 Billion
2021 -1.76% -0.99% 0.23x 7.68x ฿-9.56 Billion
2022 -29.98% -13.54% 0.22x 10.14x ฿-24.38 Billion
2023 -20.40% -8.62% 0.27x 8.68x ฿-26.08 Billion
2024 -14.84% -5.32% 0.30x 9.14x ฿-18.35 Billion

Industry Comparison

This section compares True Corporation Public Company Limited's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $5,721,342,922
  • Average return on equity (ROE) among peers: 18.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
True Corporation Public Company Limited (TRUE) ฿77.17 Billion -40.70% 7.26x $15.19 Billion
Advanced Info Service Public Company Limited (ADVANC) $43.54 Billion 80.11% 1.32x $32.72 Billion
Bliss-Tel PLC (BLISS) $970.56 Million 36.48% 0.79x $0.10
Forth Smart Service Public Company Limited (FSMART) $369.20 Million 25.58% 2.07x $147.89 Million
Information and Communication Networks Public Company Limited (ICN) $896.92 Million 19.52% 1.36x $36.66 Million
Interlink Telecom Public Company Limited (ITEL) $1.89 Billion 9.71% 2.74x $74.18 Million
Jasmine International Public Company Limited (JAS) $5.60 Billion -24.71% 16.08x $286.89 Million
Jasmine Telecom Systems Public Company Limited (JTS) $865.90 Million 0.82% 2.07x $1.15 Billion
PROEN Corp Public Company Limited (PROEN) $579.82 Million 5.04% 1.54x $12.24 Million
Samart Telcoms Public Company Limited (SAMTEL) $1.20 Billion 20.69% 2.35x $76.28 Million
Symphony Communication Public Company Limited (SYMC) $1.30 Billion 8.79% 1.81x $52.44 Million

About True Corporation Public Company Limited

BK:TRUE Thailand Telecom Services
Market Cap
$15.19 Billion
฿487.18 Billion THB
Market Cap Rank
#1455 Global
#7 in Thailand
Share Price
฿14.10
Change (1 day)
-2.08%
52-Week Range
฿10.30 - ฿14.70
All Time High
฿14.70
Categories
Companies in Thailand Telecom Services
About

True Corporation Public Company Limited, together with its subsidiaries, provides telecommunications and value-added services in Thailand. The company operates through Mobile, Pay TV, and Broadband Internet and Others segments. It offers mobile, broadband Internet, Wi-Fi, television, and digital platforms and solutions. The company is also involved in entertainment, mobile equipment lessor, progr… Read more