Tata Steel (Thailand) Public Company Limited
Tata Steel (Thailand) Public Company Limited, together with its subsidiaries, engages in the manufacturing, distribution, and trading of steel bars, wire rods, and small section products in Thailand and internationally. It offers deformed and round bars; small section angles and channels; seismic bars; carbon steel round bars; stirrups; and footing products, as well as cut and bend services. The … Read more
Tata Steel (Thailand) Public Company Limited (TSTH) - Net Assets
Latest net assets as of June 2025: ฿13.36 Billion THB
Based on the latest financial reports, Tata Steel (Thailand) Public Company Limited (TSTH) has net assets worth ฿13.36 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 (฿15.81 Billion) and total liabilities (฿2.46 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 | ฿13.36 Billion |
| % of Total Assets | 84.45% |
| Annual Growth Rate | 2.37% |
| 5-Year Change | 31.59% |
| 10-Year Change | 51.99% |
| Growth Volatility | 21.07 |
Tata Steel (Thailand) Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Tata Steel (Thailand) 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 Tata Steel (Thailand) Public Company Limited (2003–2025)
The table below shows the annual net assets of Tata Steel (Thailand) Public Company Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿13.00 Billion | +3.01% |
| 2024-03-31 | ฿12.62 Billion | -1.12% |
| 2023-03-31 | ฿12.76 Billion | +1.47% |
| 2022-03-31 | ฿12.58 Billion | +27.32% |
| 2021-03-31 | ฿9.88 Billion | +9.07% |
| 2020-03-31 | ฿9.06 Billion | +0.26% |
| 2019-03-31 | ฿9.04 Billion | -2.07% |
| 2018-03-31 | ฿9.23 Billion | +5.27% |
| 2017-03-31 | ฿8.76 Billion | +2.46% |
| 2016-03-31 | ฿8.55 Billion | +1.85% |
| 2015-03-31 | ฿8.40 Billion | -6.85% |
| 2014-03-31 | ฿9.02 Billion | +0.50% |
| 2013-03-31 | ฿8.97 Billion | -33.68% |
| 2012-03-31 | ฿13.53 Billion | -10.50% |
| 2011-03-31 | ฿15.11 Billion | -6.09% |
| 2010-03-31 | ฿16.09 Billion | -0.34% |
| 2009-03-31 | ฿16.15 Billion | -33.20% |
| 2008-03-31 | ฿24.18 Billion | +74.32% |
| 2007-03-31 | ฿13.87 Billion | +28.50% |
| 2006-03-31 | ฿10.79 Billion | +3.08% |
| 2005-03-31 | ฿10.47 Billion | +18.01% |
| 2004-03-31 | ฿8.87 Billion | +14.15% |
| 2003-03-31 | ฿7.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tata Steel (Thailand) 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 56731106500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿567.31 Million | 4.36% |
| Other Components | ฿12.44 Billion | 95.64% |
| Total Equity | ฿13.01 Billion | 100.00% |
Tata Steel (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Tata Steel (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Paxman AB
PINK:PXMBF
|
$49.22 Million |
|
Chino Commercial Bancorp
PINK:CCBC
|
$49.22 Million |
|
EVISO SPA
F:6Z8
|
$49.22 Million |
|
Everest Kanto Cylinder Limited
NSE:EKC
|
$49.22 Million |
|
Thai Coconut Public Company Limited
BK:COCOCO
|
$49.18 Million |
|
Coeptis Therapeutics Inc
NASDAQ:COEP
|
$49.18 Million |
|
VirTra Inc
NASDAQ:VTSI
|
$49.15 Million |
|
Adicet Bio Inc
NASDAQ:ACET
|
$49.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tata Steel (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,630,732,962 to 13,010,691,613, a change of 379,958,651 (3.0%).
- Net income of 332,795,713 contributed positively to equity growth.
- Dividend payments of 2,175,095 reduced retained earnings.
- Other comprehensive income decreased equity by 572,890,632.
- Other factors increased equity by 622,228,665.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿332.80 Million | +2.56% |
| Dividends Paid | ฿2.18 Million | -0.02% |
| Other Comprehensive Income | ฿-572.89 Million | -4.4% |
| Other Changes | ฿622.23 Million | +4.78% |
| Total Change | ฿- | 3.01% |
Book Value vs Market Value Analysis
This analysis compares Tata Steel (Thailand) 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: 0.49x
- 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 decreased from 1.27x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ฿0.59 | ฿0.75 | x |
| 2009-03-31 | ฿1.99 | ฿0.75 | x |
| 2010-03-31 | ฿1.97 | ฿0.75 | x |
| 2011-03-31 | ฿1.85 | ฿0.75 | x |
| 2012-03-31 | ฿1.61 | ฿0.75 | x |
| 2013-03-31 | ฿1.07 | ฿0.75 | x |
| 2014-03-31 | ฿1.07 | ฿0.75 | x |
| 2015-03-31 | ฿1.00 | ฿0.75 | x |
| 2016-03-31 | ฿1.02 | ฿0.75 | x |
| 2017-03-31 | ฿1.04 | ฿0.75 | x |
| 2018-03-31 | ฿1.10 | ฿0.75 | x |
| 2019-03-31 | ฿1.07 | ฿0.75 | x |
| 2020-03-31 | ฿1.08 | ฿0.75 | x |
| 2021-03-31 | ฿1.17 | ฿0.75 | x |
| 2022-03-31 | ฿1.49 | ฿0.75 | x |
| 2023-03-31 | ฿1.52 | ฿0.75 | x |
| 2024-03-31 | ฿1.50 | ฿0.75 | x |
| 2025-03-31 | ฿1.54 | ฿0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tata Steel (Thailand) 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): 2.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.33%
- • Asset Turnover: 1.59x
- • Equity Multiplier: 1.21x
- Recent ROE (2.56%) is above the historical average (-0.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.30% | 5.22% | 0.76x | 2.10x | ฿-178.18 Million |
| 2006 | 2.43% | 1.45% | 0.82x | 2.05x | ฿-816.08 Million |
| 2007 | 4.72% | 3.47% | 0.91x | 1.49x | ฿-731.60 Million |
| 2008 | 16.17% | 8.67% | 1.33x | 1.40x | ฿1.03 Billion |
| 2009 | 0.50% | 0.28% | 1.17x | 1.55x | ฿-1.53 Billion |
| 2010 | -0.34% | -0.24% | 0.85x | 1.65x | ฿-1.66 Billion |
| 2011 | -6.46% | -3.65% | 1.07x | 1.65x | ฿-2.49 Billion |
| 2012 | -11.68% | -6.03% | 1.14x | 1.70x | ฿-2.93 Billion |
| 2013 | -50.60% | -18.17% | 1.38x | 2.02x | ฿-5.44 Billion |
| 2014 | 0.34% | 0.12% | 1.57x | 1.79x | ฿-871.99 Million |
| 2015 | -7.25% | -2.86% | 1.57x | 1.62x | ฿-1.45 Billion |
| 2016 | 1.80% | 0.92% | 1.30x | 1.51x | ฿-702.46 Million |
| 2017 | 2.44% | 1.09% | 1.52x | 1.47x | ฿-663.33 Million |
| 2018 | 4.92% | 2.04% | 1.76x | 1.37x | ฿-469.49 Million |
| 2019 | -2.08% | -0.85% | 1.83x | 1.34x | ฿-1.09 Billion |
| 2020 | 0.53% | 0.24% | 1.85x | 1.20x | ฿-859.52 Million |
| 2021 | 6.37% | 2.86% | 1.69x | 1.31x | ฿-358.90 Million |
| 2022 | 20.67% | 7.98% | 2.10x | 1.23x | ฿1.34 Billion |
| 2023 | 5.37% | 2.23% | 1.98x | 1.21x | ฿-591.55 Million |
| 2024 | 0.76% | 0.39% | 1.61x | 1.21x | ฿-1.17 Billion |
| 2025 | 2.56% | 1.33% | 1.59x | 1.21x | ฿-968.27 Million |
Industry Comparison
This section compares Tata Steel (Thailand) Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,659,793,554
- Average return on equity (ROE) among peers: 2.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tata Steel (Thailand) Public Company Limited (TSTH) | ฿13.36 Billion | 8.30% | 0.18x | $49.19 Million |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $664.19 Million | 10.03% | 1.87x | $950.75K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $10.76 Billion | -5.72% | 0.42x | $11.41 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |