Thai Setakij Insurance PCL
The Thai Setakij Insurance Public Company Limited engages in the non-life insurance business in Thailand. The company operates through Fire, Marine and Transportation, Motor, and Miscellaneous segments. It provides fire, marine and transportation, motor, car, personal accident, travel, and freight insurance products through branch representatives and service centers. The Thai Setakij Insurance Pu… Read more
Thai Setakij Insurance PCL (TSI) - Net Assets
Latest net assets as of September 2025: ฿214.05 Million THB
Based on the latest financial reports, Thai Setakij Insurance PCL (TSI) has net assets worth ฿214.05 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 (฿1.16 Billion) and total liabilities (฿949.34 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 | ฿214.05 Million |
| % of Total Assets | 18.4% |
| Annual Growth Rate | -1.92% |
| 5-Year Change | -55.32% |
| 10-Year Change | -43.24% |
| Growth Volatility | 73.49 |
Thai Setakij Insurance PCL - Net Assets Trend (2000–2024)
This chart illustrates how Thai Setakij Insurance PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai Setakij Insurance PCL (2000–2024)
The table below shows the annual net assets of Thai Setakij Insurance PCL from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿185.55 Million | +7.89% |
| 2023-12-31 | ฿171.98 Million | -51.88% |
| 2022-12-31 | ฿357.36 Million | -3.68% |
| 2021-12-31 | ฿371.03 Million | -10.66% |
| 2020-12-31 | ฿415.32 Million | -15.73% |
| 2019-12-31 | ฿492.83 Million | +231.44% |
| 2018-12-31 | ฿148.69 Million | -24.31% |
| 2017-12-31 | ฿196.44 Million | -21.93% |
| 2016-12-31 | ฿251.63 Million | -23.02% |
| 2015-12-31 | ฿326.87 Million | +256.07% |
| 2014-12-31 | ฿91.80 Million | -33.74% |
| 2013-12-31 | ฿138.54 Million | +43.93% |
| 2012-12-31 | ฿96.26 Million | -52.84% |
| 2011-12-31 | ฿204.09 Million | -44.04% |
| 2010-12-31 | ฿364.69 Million | -21.05% |
| 2009-12-31 | ฿461.96 Million | -0.85% |
| 2008-12-31 | ฿465.93 Million | -4.85% |
| 2007-12-31 | ฿489.67 Million | +4.38% |
| 2006-12-31 | ฿469.14 Million | -4.50% |
| 2005-12-31 | ฿491.27 Million | +15.47% |
| 2004-12-31 | ฿425.45 Million | +1.41% |
| 2003-12-31 | ฿419.51 Million | +6.97% |
| 2002-12-31 | ฿392.18 Million | +21.74% |
| 2001-12-31 | ฿322.16 Million | +8.93% |
| 2000-12-31 | ฿295.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Setakij Insurance PCL'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 1232.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.06 Billion | 569.33% |
| Total Equity | ฿185.55 Million | 100.00% |
Thai Setakij Insurance PCL Competitors by Market Cap
The table below lists competitors of Thai Setakij Insurance PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Usha Martin Education & Solutions Limited
NSE:UMESLTD
|
$1.06 Million |
|
Bekasi Asri Pemula Tbk
JK:BAPA
|
$1.06 Million |
|
Sobr Safe Inc
NASDAQ:SOBR
|
$1.07 Million |
|
ZOETIS-A
BE:ZOE
|
$1.07 Million |
|
Stockworks Gold Inc.
V:STW
|
$1.06 Million |
|
KAISER ALUM (KLU1.SG)
STU:KLU1
|
$1.06 Million |
|
POLAR POWER INC. DL-0001
F:PPW
|
$1.06 Million |
|
NITTO BOSEKI - Dusseldorf Stock Exchang
DU:NB5
|
$1.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Setakij Insurance PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 171,975,950 to 185,549,017, a change of 13,573,067 (7.9%).
- Net income of 3,151,695 contributed positively to equity growth.
- Other comprehensive income decreased equity by 112,940,307.
- Other factors increased equity by 123,361,679.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.15 Million | +1.7% |
| Other Comprehensive Income | ฿-112.94 Million | -60.87% |
| Other Changes | ฿123.36 Million | +66.48% |
| Total Change | ฿- | 7.89% |
Book Value vs Market Value Analysis
This analysis compares Thai Setakij Insurance PCL'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: 0.62x
- 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 increased from 0.07x to 0.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.90 | ฿0.06 | x |
| 2007-12-31 | ฿0.94 | ฿0.06 | x |
| 2008-12-31 | ฿0.90 | ฿0.06 | x |
| 2009-12-31 | ฿0.89 | ฿0.06 | x |
| 2010-12-31 | ฿0.70 | ฿0.06 | x |
| 2011-12-31 | ฿0.39 | ฿0.06 | x |
| 2012-12-31 | ฿0.17 | ฿0.06 | x |
| 2013-12-31 | ฿0.21 | ฿0.06 | x |
| 2014-12-31 | ฿0.20 | ฿0.06 | x |
| 2015-12-31 | ฿0.52 | ฿0.06 | x |
| 2016-12-31 | ฿0.29 | ฿0.06 | x |
| 2017-12-31 | ฿0.21 | ฿0.06 | x |
| 2018-12-31 | ฿0.14 | ฿0.06 | x |
| 2019-12-31 | ฿0.39 | ฿0.06 | x |
| 2020-12-31 | ฿0.22 | ฿0.06 | x |
| 2021-12-31 | ฿0.19 | ฿0.06 | x |
| 2022-12-31 | ฿0.19 | ฿0.06 | x |
| 2023-12-31 | ฿0.09 | ฿0.06 | x |
| 2024-12-31 | ฿0.10 | ฿0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Setakij Insurance PCL 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): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.37%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 8.71x
- Recent ROE (1.70%) is above the historical average (-26.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.22% | 3.43% | 0.65x | 3.24x | ฿-8.23 Million |
| 2001 | 8.08% | 3.97% | 0.67x | 3.02x | ฿-6.18 Million |
| 2002 | 0.92% | 0.55% | 0.65x | 2.59x | ฿-35.60 Million |
| 2003 | 1.14% | 0.65% | 0.63x | 2.81x | ฿-37.16 Million |
| 2004 | 3.31% | 1.67% | 0.69x | 2.87x | ฿-28.48 Million |
| 2005 | 5.25% | 2.51% | 0.74x | 2.83x | ฿-23.32 Million |
| 2006 | 26.55% | 10.28% | 0.85x | 3.03x | ฿77.63 Million |
| 2007 | 5.29% | 2.96% | 0.70x | 2.56x | ฿-23.08 Million |
| 2008 | -1.35% | -0.89% | 0.72x | 2.12x | ฿-52.89 Million |
| 2009 | 0.18% | 0.19% | 0.53x | 1.73x | ฿-45.37 Million |
| 2010 | -28.09% | -22.72% | 0.48x | 2.57x | ฿-138.93 Million |
| 2011 | -79.36% | -19.19% | 0.16x | 25.65x | ฿-182.39 Million |
| 2012 | -157.91% | -12.22% | 0.22x | 59.49x | ฿-161.63 Million |
| 2013 | -13.36% | -2.04% | 0.16x | 40.67x | ฿-32.36 Million |
| 2014 | -119.66% | -16.68% | 0.40x | 17.91x | ฿-119.03 Million |
| 2015 | 3.13% | 1.84% | 0.34x | 4.98x | ฿-22.46 Million |
| 2016 | -72.90% | -31.90% | 0.36x | 6.29x | ฿-208.59 Million |
| 2017 | -58.85% | -18.36% | 0.37x | 8.64x | ฿-135.24 Million |
| 2018 | -47.73% | -12.65% | 0.49x | 7.75x | ฿-85.84 Million |
| 2019 | -10.91% | -17.33% | 0.24x | 2.66x | ฿-103.04 Million |
| 2020 | -24.68% | -17.52% | 0.45x | 3.13x | ฿-144.03 Million |
| 2021 | -16.13% | -12.72% | 0.37x | 3.42x | ฿-96.94 Million |
| 2022 | -7.60% | -4.58% | 0.41x | 4.08x | ฿-62.90 Million |
| 2023 | -92.74% | -28.05% | 0.49x | 6.74x | ฿-176.68 Million |
| 2024 | 1.70% | 0.37% | 0.53x | 8.71x | ฿-15.40 Million |
Industry Comparison
This section compares Thai Setakij Insurance PCL's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $2,722,315,714
- Average return on equity (ROE) among peers: 9.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Setakij Insurance PCL (TSI) | ฿214.05 Million | 7.22% | 4.44x | $1.06 Million |
| Allianz Ayudhya Capital Public Company Limited (AYUD) | $9.27 Billion | 8.10% | 0.42x | $82.53 Million |
| Bangkok Union Insurance Public Co. Ltd. (BUI) | $470.18 Million | 4.85% | 1.03x | $8.54 Million |
| Charan Insurance Public Company Limited (CHARAN) | $526.80 Million | -1.35% | 0.90x | $2.28 Million |
| Indara Insurance Public Company Limited (INSURE) | $170.66 Million | 8.25% | 3.13x | $16.60 Million |
| Muang Thai Insurance Public Company Limited (MTI) | $4.56 Billion | 20.32% | 3.09x | $61.65 Million |
| The Navakij Insurance Public Company Limited (NKI) | $1.81 Billion | 9.60% | 0.69x | $7.45 Million |
| Thaivivat Holdings Public Company Limited (TVH) | $2.25 Billion | 15.53% | 3.86x | $56.21 Million |