TTW Public Company Limited (TTW) - Net Assets
Based on the latest financial reports, TTW Public Company Limited (TTW) has net assets worth ฿15.83 Billion THB (≈ $493.41 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 (฿22.65 Billion ≈ $706.09 Million USD) and total liabilities (฿6.82 Billion ≈ $212.68 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 TTW Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿15.83 Billion |
| % of Total Assets | 69.88% |
| Annual Growth Rate | 8.48% |
| 5-Year Change | 14.68% |
| 10-Year Change | 37.46% |
| Growth Volatility | 35.24 |
TTW Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how TTW Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TTW Public Company Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for TTW Public Company Limited (2005–2024)
The table below shows the annual net assets of TTW Public Company Limited from 2005 to 2024. For live valuation and market cap data, see TTW market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿15.71 Billion ≈ $489.69 Million |
+2.81% |
| 2023-12-31 | ฿15.28 Billion ≈ $476.32 Million |
+3.60% |
| 2022-12-31 | ฿14.75 Billion ≈ $459.75 Million |
+3.91% |
| 2021-12-31 | ฿14.20 Billion ≈ $442.45 Million |
+3.62% |
| 2020-12-31 | ฿13.70 Billion ≈ $427.01 Million |
+4.38% |
| 2019-12-31 | ฿13.12 Billion ≈ $409.09 Million |
+6.15% |
| 2018-12-31 | ฿12.36 Billion ≈ $385.40 Million |
+4.10% |
| 2017-12-31 | ฿11.88 Billion ≈ $370.22 Million |
+2.97% |
| 2016-12-31 | ฿11.54 Billion ≈ $359.55 Million |
+0.93% |
| 2015-12-31 | ฿11.43 Billion ≈ $356.25 Million |
+0.35% |
| 2014-12-31 | ฿11.39 Billion ≈ $355.00 Million |
+3.44% |
| 2013-12-31 | ฿11.01 Billion ≈ $343.21 Million |
+2.50% |
| 2012-12-31 | ฿10.74 Billion ≈ $334.85 Million |
+5.41% |
| 2011-12-31 | ฿10.19 Billion ≈ $317.67 Million |
+7.47% |
| 2010-12-31 | ฿9.48 Billion ≈ $295.60 Million |
-50.91% |
| 2009-12-31 | ฿19.32 Billion ≈ $602.16 Million |
+131.74% |
| 2008-12-31 | ฿8.34 Billion ≈ $259.84 Million |
+76.81% |
| 2007-12-31 | ฿4.71 Billion ≈ $146.96 Million |
+21.21% |
| 2006-12-31 | ฿3.89 Billion ≈ $121.24 Million |
+16.19% |
| 2005-12-31 | ฿3.35 Billion ≈ $104.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TTW 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 2103.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿7.66 Billion | 48.90% |
| Other Components | ฿8.01 Billion | 51.10% |
| Total Equity | ฿15.67 Billion | 100.00% |
TTW Public Company Limited Competitors by Market Cap
The table below lists competitors of TTW Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TTW Public Company Limited
BK:TTW-R
|
$1.15 Billion |
|
Judo Capital Holdings Ltd
AU:JDO
|
$1.15 Billion |
|
Waypoint REIT
AU:WPR
|
$1.15 Billion |
|
KCE Electronics Public Company Limited
BK:KCE
|
$1.15 Billion |
|
Zhejiang JW Precision Machinery Co.Ltd
SHE:300984
|
$1.15 Billion |
|
Veken Elite
SHG:600152
|
$1.15 Billion |
|
Harbin Gloria Pharmaceuticals
SHE:002437
|
$1.15 Billion |
|
Jiangsu Libert Inc
SHG:605167
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TTW Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,239,537,192 to 15,671,219,208, a change of 431,682,016 (2.8%).
- Net income of 2,790,939,093 contributed positively to equity growth.
- Dividend payments of 2,393,538,546 reduced retained earnings.
- Other comprehensive income decreased equity by 1,946,230,869.
- Other factors increased equity by 1,980,512,338.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.79 Billion | +17.81% |
| Dividends Paid | ฿2.39 Billion | -15.27% |
| Other Comprehensive Income | ฿-1.95 Billion | -12.42% |
| Other Changes | ฿1.98 Billion | +12.64% |
| Total Change | ฿- | 2.83% |
Book Value vs Market Value Analysis
This analysis compares TTW 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: 2.36x
- 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 7.64x to 2.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.21 | ฿9.25 | x |
| 2007-12-31 | ฿1.44 | ฿9.25 | x |
| 2008-12-31 | ฿2.23 | ฿9.25 | x |
| 2009-12-31 | ฿2.18 | ฿9.25 | x |
| 2010-12-31 | ฿2.38 | ฿9.25 | x |
| 2011-12-31 | ฿2.55 | ฿9.25 | x |
| 2012-12-31 | ฿2.68 | ฿9.25 | x |
| 2013-12-31 | ฿2.75 | ฿9.25 | x |
| 2014-12-31 | ฿2.85 | ฿9.25 | x |
| 2015-12-31 | ฿2.85 | ฿9.25 | x |
| 2016-12-31 | ฿2.88 | ฿9.25 | x |
| 2017-12-31 | ฿2.98 | ฿9.25 | x |
| 2018-12-31 | ฿3.08 | ฿9.25 | x |
| 2019-12-31 | ฿3.28 | ฿9.25 | x |
| 2020-12-31 | ฿3.42 | ฿9.25 | x |
| 2021-12-31 | ฿3.55 | ฿9.25 | x |
| 2022-12-31 | ฿3.69 | ฿9.25 | x |
| 2023-12-31 | ฿3.82 | ฿9.25 | x |
| 2024-12-31 | ฿3.93 | ฿9.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TTW 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): 17.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.75%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.29x
- Recent ROE (17.81%) is below the historical average (21.15%), 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 | 17.34% | 39.16% | 0.16x | 2.75x | ฿285.42 Million |
| 2007 | 19.59% | 35.52% | 0.14x | 3.98x | ฿450.51 Million |
| 2008 | 16.45% | 37.58% | 0.20x | 2.15x | ฿536.33 Million |
| 2009 | 18.39% | 39.18% | 0.19x | 2.43x | ฿726.94 Million |
| 2010 | 21.75% | 46.67% | 0.21x | 2.27x | ฿1.11 Billion |
| 2011 | 20.79% | 46.48% | 0.21x | 2.14x | ฿1.10 Billion |
| 2012 | 22.61% | 49.16% | 0.20x | 2.30x | ฿1.35 Billion |
| 2013 | 23.45% | 49.66% | 0.21x | 2.23x | ฿1.48 Billion |
| 2014 | 26.20% | 55.25% | 0.22x | 2.17x | ฿1.84 Billion |
| 2015 | 23.54% | 49.37% | 0.20x | 2.34x | ฿1.54 Billion |
| 2016 | 21.54% | 46.02% | 0.21x | 2.24x | ฿1.33 Billion |
| 2017 | 22.50% | 47.60% | 0.24x | 1.97x | ฿1.48 Billion |
| 2018 | 23.06% | 47.96% | 0.25x | 1.89x | ฿1.61 Billion |
| 2019 | 23.91% | 51.17% | 0.26x | 1.77x | ฿1.82 Billion |
| 2020 | 21.61% | 47.76% | 0.27x | 1.67x | ฿1.59 Billion |
| 2021 | 21.93% | 53.46% | 0.26x | 1.59x | ฿1.69 Billion |
| 2022 | 20.17% | 52.13% | 0.26x | 1.46x | ฿1.50 Billion |
| 2023 | 19.24% | 50.33% | 0.29x | 1.33x | ฿1.41 Billion |
| 2024 | 17.81% | 54.75% | 0.25x | 1.29x | ฿1.22 Billion |
Industry Comparison
This section compares TTW Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $7,110,091,471
- Average return on equity (ROE) among peers: 14.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TTW Public Company Limited (TTW) | ฿15.83 Billion | 17.34% | 0.43x | $1.15 Billion |
| Eastern Water Resources Development and Management Public Company Limited (EASTW) | $3.41 Billion | 10.34% | 0.92x | $158.68 Million |
| TTW Public Company Limited (TTW-R) | $10.19 Billion | 20.73% | 1.13x | $1.15 Billion |
| WHA Utilities and Power Public Company Limited (WHAUP) | $7.42 Billion | 13.05% | 1.51x | $574.65 Million |
| WHA UTILITIES AND PO (WHAUP-R) | $7.42 Billion | 13.05% | 1.51x | $469.73 Million |
About TTW Public Company Limited
TTW Public Company Limited, together with its subsidiaries, engages in the production and sale of treated water in Thailand. The company supplies water to the Provincial Waterworks Authority in the Amphur Nakorn Chaisri, Amphur Sam Pran, and Amphur Budha Monthon areas of Nakhon Pathom; and Amphur Muang and Amphur Kratumban areas of Samut Sakhon. It also provides water treatment and maintenance wi… Read more