Thai Steel Cable Public Company Limited (TSC) - Net Assets
Based on the latest financial reports, Thai Steel Cable Public Company Limited (TSC) has net assets worth ฿1.65 Billion THB (≈ $51.52 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 (฿2.22 Billion ≈ $69.09 Million USD) and total liabilities (฿563.82 Million ≈ $17.57 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 how resilient are Thai Steel Cable Public Company Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.65 Billion |
| % of Total Assets | 74.57% |
| Annual Growth Rate | 5.69% |
| 5-Year Change | -1.07% |
| 10-Year Change | -3.92% |
| Growth Volatility | 31.94 |
Thai Steel Cable Public Company Limited - Net Assets Trend (2004–2025)
This chart illustrates how Thai Steel Cable Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Thai Steel Cable Public Company Limited for the complete picture of this company's asset base.
Annual Net Assets for Thai Steel Cable Public Company Limited (2004–2025)
The table below shows the annual net assets of Thai Steel Cable Public Company Limited from 2004 to 2025. For live valuation and market cap data, see Thai Steel Cable Public Company Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ฿1.57 Billion ≈ $49.07 Million |
+2.26% |
| 2024-09-30 | ฿1.54 Billion ≈ $47.98 Million |
-1.26% |
| 2023-09-30 | ฿1.56 Billion ≈ $48.60 Million |
+0.88% |
| 2022-09-30 | ฿1.55 Billion ≈ $48.18 Million |
-2.87% |
| 2021-09-30 | ฿1.59 Billion ≈ $49.60 Million |
+1.14% |
| 2020-09-30 | ฿1.57 Billion ≈ $49.04 Million |
-4.31% |
| 2019-09-30 | ฿1.64 Billion ≈ $51.25 Million |
-2.37% |
| 2018-09-30 | ฿1.68 Billion ≈ $52.49 Million |
-0.04% |
| 2017-09-30 | ฿1.68 Billion ≈ $52.51 Million |
+2.81% |
| 2016-09-30 | ฿1.64 Billion ≈ $51.07 Million |
-0.69% |
| 2015-09-30 | ฿1.65 Billion ≈ $51.43 Million |
-1.56% |
| 2014-09-30 | ฿1.68 Billion ≈ $52.24 Million |
+0.24% |
| 2013-09-30 | ฿1.67 Billion ≈ $52.11 Million |
+7.24% |
| 2012-09-30 | ฿1.56 Billion ≈ $48.60 Million |
+1.58% |
| 2011-09-30 | ฿1.53 Billion ≈ $47.84 Million |
-3.54% |
| 2010-09-30 | ฿1.59 Billion ≈ $49.59 Million |
+7.27% |
| 2009-09-30 | ฿1.48 Billion ≈ $46.23 Million |
0.00% |
| 2008-09-30 | ฿1.48 Billion ≈ $46.23 Million |
+4.37% |
| 2007-09-30 | ฿1.42 Billion ≈ $44.30 Million |
+5.16% |
| 2006-09-30 | ฿1.35 Billion ≈ $42.12 Million |
+9.66% |
| 2005-09-30 | ฿1.23 Billion ≈ $38.41 Million |
+150.30% |
| 2004-09-30 | ฿492.35 Million ≈ $15.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Steel Cable 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 181.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿822.14 Million | 52.22% |
| Other Components | ฿752.18 Million | 47.78% |
| Total Equity | ฿1.57 Billion | 100.00% |
Thai Steel Cable Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Steel Cable Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Utilities Group PLC
LSE:UU
|
$117.52 Million |
|
DAM CAPITAL ADVISORS LTD
NSE:DAMCAPITAL
|
$117.53 Million |
|
Buda Juice, Inc.
NYSE MKT:BUDA
|
$117.60 Million |
|
Genelux Corporation Common Stock
NASDAQ:GNLX
|
$117.61 Million |
|
Abans Holdings Limited
NSE:AHL
|
$117.39 Million |
|
Value Valves Co Ltd
TWO:4580
|
$117.37 Million |
|
CareCloud Inc.
NASDAQ:CCLD
|
$117.28 Million |
|
Schloss Wachenheim AG
F:SWA
|
$117.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Steel Cable Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,539,493,000 to 1,574,325,000, a change of 34,832,000 (2.3%).
- Net income of 346,432,000 contributed positively to equity growth.
- Dividend payments of 311,760,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿346.43 Million | +22.01% |
| Dividends Paid | ฿311.76 Million | -19.8% |
| Other Changes | ฿160.00K | +0.01% |
| Total Change | ฿- | 2.26% |
Book Value vs Market Value Analysis
This analysis compares Thai Steel Cable 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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.89x to 2.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-09-30 | ฿2.46 | ฿14.50 | x |
| 2005-09-30 | ฿5.31 | ฿14.50 | x |
| 2006-09-30 | ฿5.20 | ฿14.50 | x |
| 2007-09-30 | ฿5.47 | ฿14.50 | x |
| 2008-09-30 | ฿5.71 | ฿14.50 | x |
| 2009-09-30 | ฿5.71 | ฿14.50 | x |
| 2010-09-30 | ฿6.12 | ฿14.50 | x |
| 2011-09-30 | ฿5.91 | ฿14.50 | x |
| 2012-09-30 | ฿6.00 | ฿14.50 | x |
| 2013-09-30 | ฿6.44 | ฿14.50 | x |
| 2014-09-30 | ฿6.45 | ฿14.50 | x |
| 2015-09-30 | ฿6.35 | ฿14.50 | x |
| 2016-09-30 | ฿6.31 | ฿14.50 | x |
| 2017-09-30 | ฿6.48 | ฿14.50 | x |
| 2018-09-30 | ฿6.48 | ฿14.50 | x |
| 2019-09-30 | ฿6.33 | ฿14.50 | x |
| 2020-09-30 | ฿6.06 | ฿14.50 | x |
| 2021-09-30 | ฿6.13 | ฿14.50 | x |
| 2022-09-30 | ฿5.95 | ฿14.50 | x |
| 2023-09-30 | ฿6.00 | ฿14.50 | x |
| 2024-09-30 | ฿5.93 | ฿14.50 | x |
| 2025-09-30 | ฿6.06 | ฿14.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Steel Cable 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): 22.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.76%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.40x
- Recent ROE (22.01%) is above the historical average (15.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 48.93% | 14.02% | 1.58x | 2.21x | ฿191.68 Million |
| 2005 | 22.38% | 13.22% | 1.25x | 1.35x | ฿152.55 Million |
| 2006 | 16.50% | 10.13% | 1.20x | 1.35x | ฿87.81 Million |
| 2007 | 14.05% | 8.98% | 1.17x | 1.33x | ฿57.57 Million |
| 2008 | 12.94% | 8.31% | 1.24x | 1.25x | ฿43.62 Million |
| 2009 | 9.95% | 8.23% | 0.96x | 1.25x | ฿-695.00K |
| 2010 | 18.73% | 11.18% | 1.27x | 1.32x | ฿138.90 Million |
| 2011 | 13.04% | 8.89% | 1.15x | 1.27x | ฿46.71 Million |
| 2012 | 9.89% | 6.55% | 0.97x | 1.56x | ฿-1.74 Million |
| 2013 | 19.56% | 8.76% | 1.44x | 1.55x | ฿159.76 Million |
| 2014 | 7.56% | 4.64% | 1.02x | 1.60x | ฿-40.86 Million |
| 2015 | 8.75% | 5.11% | 1.01x | 1.69x | ฿-20.56 Million |
| 2016 | 8.37% | 5.04% | 0.99x | 1.68x | ฿-26.66 Million |
| 2017 | 10.45% | 6.06% | 1.04x | 1.65x | ฿7.53 Million |
| 2018 | 14.90% | 8.07% | 1.25x | 1.48x | ฿82.44 Million |
| 2019 | 13.38% | 7.22% | 1.30x | 1.42x | ฿55.53 Million |
| 2020 | 5.23% | 4.07% | 0.93x | 1.38x | ฿-74.98 Million |
| 2021 | 14.90% | 9.14% | 1.12x | 1.46x | ฿77.98 Million |
| 2022 | 13.50% | 7.89% | 1.11x | 1.54x | ฿54.05 Million |
| 2023 | 17.87% | 9.58% | 1.27x | 1.47x | ฿122.68 Million |
| 2024 | 19.18% | 11.00% | 1.21x | 1.44x | ฿141.27 Million |
| 2025 | 22.01% | 13.76% | 1.15x | 1.40x | ฿189.00 Million |
Industry Comparison
This section compares Thai Steel Cable Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,077,369,706
- Average return on equity (ROE) among peers: 8.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Steel Cable Public Company Limited (TSC) | ฿1.65 Billion | 48.93% | 0.34x | $117.42 Million |
| AAPICO Hitech Public Company Limited (AH) | $5.47 Billion | 11.16% | 1.30x | $139.32 Million |
| CPR Gomu Industrial PCL (CPR) | $758.04 Million | 12.32% | 0.13x | $16.75 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $421.02 Million | -26.44% | 2.48x | $15.32 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $945.15 Million | 20.35% | 1.50x | $77.81 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $3.91 Billion | 9.87% | 0.32x | $42.09 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $3.61 Billion | 6.92% | 0.14x | $85.38 Million |
| Interhides Public Company Limited (IHL) | $708.87 Million | 20.94% | 2.03x | $26.79 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.55 Billion | 3.84% | 0.76x | $16.24 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $1.42 Billion | 20.58% | 0.84x | $68.30 Million |
| N.D. Rubber Public Company Limited (NDR) | $982.88 Million | 2.15% | 0.28x | $17.66 Million |
About Thai Steel Cable Public Company Limited
Thai Steel Cable Public Company Limited manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand. It offers accelerator, door lock, fuel lid opener, hood release, key inter lock, manual parking release, parking brake, seat belt, transmission, and trunk opener cables; and motorcycle products comprising brake, clutch, seat lock, speed meter… Read more