TTCL Public Company Limited (TTCL) - Net Assets
Based on the latest financial reports, TTCL Public Company Limited (TTCL) has net assets worth ฿-2.18 Billion THB (≈ $-68.00 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿13.12 Billion ≈ $408.79 Million USD) and total liabilities (฿15.30 Billion ≈ $476.79 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 TTCL Public Company Limited (TTCL) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿-2.18 Billion |
| % of Total Assets | -16.63% |
| Annual Growth Rate | 8.92% |
| 5-Year Change | 6.86% |
| 10-Year Change | -56.08% |
| Growth Volatility | 41.58 |
TTCL Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how TTCL Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TTCL current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for TTCL Public Company Limited (2006–2024)
The table below shows the annual net assets of TTCL Public Company Limited from 2006 to 2024. For live valuation and market cap data, see market value of TTCL Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.76 Billion ≈ $86.09 Million |
-16.00% |
| 2023-12-31 | ฿3.29 Billion ≈ $102.49 Million |
+11.06% |
| 2022-12-31 | ฿2.96 Billion ≈ $92.29 Million |
+0.86% |
| 2021-12-31 | ฿2.94 Billion ≈ $91.51 Million |
+13.58% |
| 2020-12-31 | ฿2.58 Billion ≈ $80.56 Million |
+11.05% |
| 2019-12-31 | ฿2.33 Billion ≈ $72.55 Million |
-22.33% |
| 2018-12-31 | ฿3.00 Billion ≈ $93.41 Million |
-26.82% |
| 2017-12-31 | ฿4.09 Billion ≈ $127.63 Million |
-35.42% |
| 2016-12-31 | ฿6.34 Billion ≈ $197.64 Million |
+0.83% |
| 2015-12-31 | ฿6.29 Billion ≈ $196.02 Million |
-1.72% |
| 2014-12-31 | ฿6.40 Billion ≈ $199.45 Million |
+16.62% |
| 2013-12-31 | ฿5.49 Billion ≈ $171.02 Million |
+140.96% |
| 2012-12-31 | ฿2.28 Billion ≈ $70.98 Million |
+35.37% |
| 2011-12-31 | ฿1.68 Billion ≈ $52.43 Million |
+9.53% |
| 2010-12-31 | ฿1.54 Billion ≈ $47.87 Million |
+11.34% |
| 2009-12-31 | ฿1.38 Billion ≈ $43.00 Million |
+100.37% |
| 2008-12-31 | ฿688.48 Million ≈ $21.46 Million |
+3.37% |
| 2007-12-31 | ฿666.02 Million ≈ $20.76 Million |
+12.22% |
| 2006-12-31 | ฿593.52 Million ≈ $18.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TTCL 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 172.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.19 Billion | 47.37% |
| Other Components | ฿1.33 Billion | 52.63% |
| Total Equity | ฿2.52 Billion | 100.00% |
TTCL Public Company Limited Competitors by Market Cap
The table below lists competitors of TTCL Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GAS2GRID Ltd
AU:GGX
|
$2.88 Million |
|
Twin Hospitality Group Inc.
NASDAQ:TWNP
|
$2.89 Million |
|
Sanichi Technology Bhd
KLSE:0133
|
$2.89 Million |
|
Toys R US ANZ Ltd
AU:TOY
|
$2.89 Million |
|
B P Marsh and Partners PLC
LSE:BPM
|
$2.88 Million |
|
Belmont Resources Inc
V:BEA
|
$2.88 Million |
|
Baillie Gifford UK Growth Fund PLC
LSE:BGUK
|
$2.87 Million |
|
Braille Energy Systems Inc
V:BES
|
$2.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TTCL Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,048,907,702 to 2,520,875,513, a change of -528,032,189 (-17.3%).
- Net loss of 537,446,769 reduced equity.
- Dividend payments of 61,599,664 reduced retained earnings.
- Other comprehensive income increased equity by 471,544,408.
- Other factors decreased equity by 400,530,164.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-537.45 Million | -21.32% |
| Dividends Paid | ฿61.60 Million | -2.44% |
| Other Comprehensive Income | ฿471.54 Million | +18.71% |
| Other Changes | ฿-400.53 Million | -15.89% |
| Total Change | ฿- | -17.32% |
Book Value vs Market Value Analysis
This analysis compares TTCL 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: 0.04x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿401.16 | ฿0.15 | x |
| 2007-12-31 | ฿3.56 | ฿0.15 | x |
| 2008-12-31 | ฿2.13 | ฿0.15 | x |
| 2009-12-31 | ฿3.28 | ฿0.15 | x |
| 2010-12-31 | ฿3.17 | ฿0.15 | x |
| 2011-12-31 | ฿3.46 | ฿0.15 | x |
| 2012-12-31 | ฿4.20 | ฿0.15 | x |
| 2013-12-31 | ฿9.24 | ฿0.15 | x |
| 2014-12-31 | ฿9.49 | ฿0.15 | x |
| 2015-12-31 | ฿9.34 | ฿0.15 | x |
| 2016-12-31 | ฿9.44 | ฿0.15 | x |
| 2017-12-31 | ฿7.29 | ฿0.15 | x |
| 2018-12-31 | ฿5.19 | ฿0.15 | x |
| 2019-12-31 | ฿3.78 | ฿0.15 | x |
| 2020-12-31 | ฿4.01 | ฿0.15 | x |
| 2021-12-31 | ฿4.47 | ฿0.15 | x |
| 2022-12-31 | ฿4.73 | ฿0.15 | x |
| 2023-12-31 | ฿4.95 | ฿0.15 | x |
| 2024-12-31 | ฿4.09 | ฿0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TTCL 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): -21.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.00%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 7.57x
- Recent ROE (-21.32%) is below the historical average (9.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 21.81% | 4.43% | 1.27x | 3.89x | ฿68.57 Million |
| 2007 | 21.16% | 3.05% | 0.85x | 8.13x | ฿73.77 Million |
| 2008 | 45.99% | 2.84% | 1.63x | 9.94x | ฿245.92 Million |
| 2009 | 23.73% | 3.18% | 2.22x | 3.36x | ฿188.33 Million |
| 2010 | 22.03% | 6.41% | 1.43x | 2.40x | ฿184.05 Million |
| 2011 | 23.91% | 4.49% | 1.29x | 4.13x | ฿232.30 Million |
| 2012 | 27.10% | 4.80% | 1.49x | 3.78x | ฿344.29 Million |
| 2013 | 13.33% | 4.24% | 1.08x | 2.91x | ฿163.45 Million |
| 2014 | 8.66% | 2.35% | 0.86x | 4.26x | ฿-71.04 Million |
| 2015 | 8.08% | 1.96% | 0.83x | 4.95x | ฿-100.30 Million |
| 2016 | 7.57% | 2.00% | 0.78x | 4.88x | ฿-128.61 Million |
| 2017 | 1.29% | 0.50% | 0.44x | 5.85x | ฿-355.64 Million |
| 2018 | -65.69% | -23.77% | 0.43x | 6.42x | ฿-2.28 Billion |
| 2019 | -8.11% | -1.80% | 0.65x | 6.99x | ฿-421.58 Million |
| 2020 | 8.50% | 3.06% | 0.50x | 5.61x | ฿-36.99 Million |
| 2021 | 10.50% | 4.56% | 0.47x | 4.95x | ฿13.67 Million |
| 2022 | 22.92% | 5.92% | 0.63x | 6.15x | ฿376.22 Million |
| 2023 | 12.39% | 2.23% | 0.90x | 6.20x | ฿72.84 Million |
| 2024 | -21.32% | -3.00% | 0.94x | 7.57x | ฿-789.53 Million |
Industry Comparison
This section compares TTCL Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,351,797,638
- Average return on equity (ROE) among peers: -5.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TTCL Public Company Limited (TTCL) | ฿-2.18 Billion | 21.81% | N/A | $2.88 Million |
| Asia Precision Public Company Limited (APCS) | $1.70 Billion | 13.02% | 0.70x | $28.80 Million |
| CH. Karnchang PCL (CK) | $2.95 Billion | 0.00% | 4.00x | $890.38 Million |
| CH. Karnchang Public Company Limited (CK-R) | $27.81 Billion | 6.39% | 1.97x | $874.67 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $962.87 Million | 14.14% | 1.76x | $32.68 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $281.94 Million | -27.02% | 2.02x | $4.83 Million |
| Demco Public Company Limited (DEMCO) | $3.59 Billion | -15.33% | 0.79x | $51.03 Million |
| EMC Public Company Limited (EMC) | $916.22 Million | 3.70% | 2.17x | $11.75 Million |
| Floyd Public Company Limited (FLOYD) | $45.87 Million | 24.77% | 3.63x | $15.65 Million |
| Hydrotek Public Company Limited (HYDRO) | $280.51 Million | -63.33% | 1.38x | $25.79 Million |
| Italian-Thai Development Public Company Limited (ITD) | $14.98 Billion | -14.32% | 2.38x | $41.14 Million |
About TTCL Public Company Limited
TTCL Public Company Limited, together with its subsidiaries, designs, procures, and constructs integrated industrial factories in Thailand and internationally. It operates through three segments: Energy Business, Construction Business, and Manufacturing and Distribution. The company provides engineering design services for civil structures and utility systems, such as electricity, water, air cond… Read more