Thai Union Group Public Company Limited (TU-R) - Net Assets

Latest as of June 2025: ฿52.53 Billion THB ≈ $1.64 Billion USD

Based on the latest financial reports, Thai Union Group Public Company Limited (TU-R) has net assets worth ฿52.53 Billion THB (≈ $1.64 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿160.54 Billion ≈ $5.00 Billion USD) and total liabilities (฿108.00 Billion ≈ $3.37 Billion 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. Also explore TU-R asset base for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿52.53 Billion
% of Total Assets	32.72%
Annual Growth Rate	8.13%
5-Year Change	1.03%
10-Year Change	15.81%
Growth Volatility	15.75

Thai Union Group Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Thai Union Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see TU-R stock market capitalisation.

Annual Net Assets for Thai Union Group Public Company Limited (2003–2024)

The table below shows the annual net assets of Thai Union Group Public Company Limited from 2003 to 2024. Explore Thai Union Group Public Company Limited cash conversion from operations to assess how effectively this company generates cash.

Year	Net Assets	Change
2024-12-31	฿56.31 Billion ≈ $1.76 Billion	-14.70%
2023-12-31	฿66.02 Billion ≈ $2.06 Billion	-25.09%
2022-12-31	฿88.13 Billion ≈ $2.75 Billion	+41.66%
2021-12-31	฿62.21 Billion ≈ $1.94 Billion	+11.62%
2020-12-31	฿55.74 Billion ≈ $1.74 Billion	+7.61%
2019-12-31	฿51.79 Billion ≈ $1.61 Billion	+11.40%
2018-12-31	฿46.49 Billion ≈ $1.45 Billion	-3.59%
2017-12-31	฿48.23 Billion ≈ $1.50 Billion	+1.67%
2016-12-31	฿47.44 Billion ≈ $1.48 Billion	-2.45%
2015-12-31	฿48.63 Billion ≈ $1.52 Billion	+2.44%
2014-12-31	฿47.47 Billion ≈ $1.48 Billion	+9.50%
2013-12-31	฿43.35 Billion ≈ $1.35 Billion	+7.44%
2012-12-31	฿40.34 Billion ≈ $1.26 Billion	+49.04%
2011-12-31	฿27.07 Billion ≈ $843.72 Million	+16.50%
2010-12-31	฿23.24 Billion ≈ $724.23 Million	+26.21%
2009-12-31	฿18.41 Billion ≈ $573.85 Million	+13.43%
2008-12-31	฿16.23 Billion ≈ $505.90 Million	+11.40%
2007-12-31	฿14.57 Billion ≈ $454.13 Million	+3.31%
2006-12-31	฿14.10 Billion ≈ $439.58 Million	+10.01%
2005-12-31	฿12.82 Billion ≈ $399.60 Million	+7.75%
2004-12-31	฿11.90 Billion ≈ $370.87 Million	+9.16%
2003-12-31	฿10.90 Billion ≈ $339.74 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thai Union Group 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 270.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿18.10 Billion	37.22%
Other Components	฿30.53 Billion	62.78%
Total Equity	฿48.64 Billion	100.00%

Thai Union Group Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai Union Group Public Company Limited ranked by their market capitalization.

Company	Market Cap
Perrigo Company plc F:PIG	$1.51 Billion
Bukit Uluwatu Villa Tbk JK:BUVA	$1.51 Billion
Harrow Health Inc NASDAQ:HROW	$1.51 Billion
Guangdong Homa Appliances Co Ltd SHE:002668	$1.52 Billion
Jiangxi Ganyue Expressway Co Ltd SHG:600269	$1.51 Billion
Maharashtra Scooters Limited NSE:MAHSCOOTER	$1.51 Billion
Telecom Argentina S.A F:TEO	$1.51 Billion
Kosmos Energy Ltd NYSE:KOS	$1.51 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thai Union Group Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 52,678,546,000 to 48,635,023,000, a change of -4,043,523,000 (-7.7%).
Net income of 4,984,894,000 contributed positively to equity growth.
Dividend payments of 2,389,496,000 reduced retained earnings.
Share repurchases of 2,982,381,000 reduced equity.
Other comprehensive income decreased equity by 2,839,684,000.
Other factors decreased equity by 816,856,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿4.98 Billion	+10.25%
Dividends Paid	฿2.39 Billion	-4.91%
Share Repurchases	฿2.98 Billion	-6.13%
Other Comprehensive Income	฿-2.84 Billion	-5.84%
Other Changes	฿-816.86 Million	-1.68%
Total Change	฿-	-7.68%

Book Value vs Market Value Analysis

This analysis compares Thai Union Group 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: 1.10x
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 4.30x to 1.10x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿2.93	฿12.60	x
2004-12-31	฿3.19	฿12.60	x
2005-12-31	฿3.44	฿12.60	x
2006-12-31	฿3.37	฿12.60	x
2007-12-31	฿3.87	฿12.60	x
2008-12-31	฿3.83	฿12.60	x
2009-12-31	฿4.35	฿12.60	x
2010-12-31	฿5.45	฿12.60	x
2011-12-31	฿5.75	฿12.60	x
2012-12-31	฿8.34	฿12.60	x
2013-12-31	฿8.29	฿12.60	x
2014-12-31	฿9.15	฿12.60	x
2015-12-31	฿9.60	฿12.60	x
2016-12-31	฿9.06	฿12.60	x
2017-12-31	฿9.32	฿12.60	x
2018-12-31	฿9.06	฿12.60	x
2019-12-31	฿10.15	฿12.60	x
2020-12-31	฿11.07	฿12.60	x
2021-12-31	฿12.74	฿12.60	x
2022-12-31	฿17.32	฿12.60	x
2023-12-31	฿11.65	฿12.60	x
2024-12-31	฿11.43	฿12.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Union Group 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): 10.25%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.60%
• Asset Turnover: 0.89x
• Equity Multiplier: 3.19x
Recent ROE (10.25%) is below the historical average (11.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	20.91%	5.58%	1.97x	1.90x	฿1.19 Billion
2004	16.25%	4.11%	1.96x	2.02x	฿743.07 Million
2005	16.24%	3.86%	2.00x	2.11x	฿800.42 Million
2006	15.50%	3.54%	2.04x	2.15x	฿695.74 Million
2007	12.51%	3.25%	1.67x	2.30x	฿366.33 Million
2008	17.89%	3.70%	1.74x	2.78x	฿1.13 Billion
2009	20.48%	4.80%	1.94x	2.20x	฿1.71 Billion
2010	13.71%	3.95%	0.97x	3.57x	฿777.00 Million
2011	20.78%	5.14%	1.19x	3.41x	฿2.63 Billion
2012	12.61%	4.40%	1.13x	2.55x	฿972.19 Million
2013	7.22%	2.53%	1.04x	2.74x	฿-1.10 Billion
2014	11.66%	4.19%	1.05x	2.64x	฿725.04 Million
2015	11.58%	4.24%	1.12x	2.43x	฿723.72 Million
2016	12.15%	3.91%	0.94x	3.29x	฿930.16 Million
2017	13.54%	4.41%	0.93x	3.29x	฿1.57 Billion
2018	7.53%	2.44%	0.94x	3.28x	฿-1.07 Billion
2019	7.88%	3.02%	0.89x	2.93x	฿-1.03 Billion
2020	11.97%	4.72%	0.92x	2.77x	฿1.03 Billion
2021	13.51%	5.68%	0.85x	2.81x	฿2.08 Billion
2022	8.85%	4.59%	0.85x	2.26x	฿-926.22 Million
2023	-26.45%	-10.23%	0.82x	3.14x	฿-19.20 Billion
2024	10.25%	3.60%	0.89x	3.19x	฿121.39 Million

Industry Comparison

This section compares Thai Union Group Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $3,044,840,456
Average return on equity (ROE) among peers: 0.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thai Union Group Public Company Limited (TU-R)	฿52.53 Billion	20.91%	2.06x	$1.51 Billion
Asian Sea Corporation Public Company Limited (ASIAN)	$1.17 Billion	-38.64%	2.90x	$180.99 Million
Seafresh Industry Public Company Limited (CFRESH)	$1.43 Billion	7.92%	0.26x	$23.98 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI)	$1.21 Billion	1.06%	0.70x	$15.02 Million
Chiangmai Frozen Foods Public Company Limited (CM)	$1.35 Billion	8.86%	0.10x	$19.01 Million
GFPT Public Company Limited (GFPT)	$3.78 Billion	28.67%	0.98x	$357.59 Million
J.S.P. Property Public Company Limited (JSP)	$5.18 Billion	9.40%	0.76x	$28.10 Million
Thai Ha Public Company Limited (KASET)	$325.04 Million	-11.22%	0.97x	$7.19 Million
Lee Feed Mill Public Company Limited (LEE)	$2.73 Billion	6.85%	0.15x	$69.45 Million
Malee Group Public Company Limited (MALEE)	$839.63 Million	-24.17%	3.77x	$69.74 Million
President Bakery Public Company Limited (PB)	$12.44 Billion	12.78%	0.11x	$680.27 Million

About Thai Union Group Public Company Limited

BK:TU-R Thailand Packaged Foods

Market Cap

$1.51 Billion

฿48.57 Billion THB

Market Cap Rank

#7345 Global

#50 in Thailand

Share Price

฿12.60

Change (1 day)

-0.79%

52-Week Range

฿8.95 - ฿13.53

All Time High

฿18.88