Thai Union Group PCL
Thai Union Group Public Company Limited, together with its subsidiaries, manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally. The company operates through four segments: Ambient Seafood; Frozen and Chilled Seafood and Related Businesses; Pet food; and Value-Added and Other Businesses. It provides ambient seafood products, including tuna, sardines, mackerel, … Read more
Thai Union Group PCL (TU) - Net Assets
Latest net assets as of December 2025: ฿52.08 Billion THB
Based on the latest financial reports, Thai Union Group PCL (TU) has net assets worth ฿52.08 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿158.33 Billion) and total liabilities (฿106.24 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 | ฿52.08 Billion |
| % of Total Assets | 32.9% |
| Annual Growth Rate | 7.97% |
| 5-Year Change | -16.28% |
| 10-Year Change | 9.8% |
| Growth Volatility | 14.98 |
Thai Union Group PCL - Net Assets Trend (2000–2025)
This chart illustrates how Thai Union Group 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 Union Group PCL (2000–2025)
The table below shows the annual net assets of Thai Union Group PCL from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿52.08 Billion | -7.51% |
| 2024-12-31 | ฿56.31 Billion | -14.70% |
| 2023-12-31 | ฿66.02 Billion | -25.09% |
| 2022-12-31 | ฿88.13 Billion | +41.66% |
| 2021-12-31 | ฿62.21 Billion | +11.62% |
| 2020-12-31 | ฿55.74 Billion | +7.61% |
| 2019-12-31 | ฿51.79 Billion | +11.40% |
| 2018-12-31 | ฿46.49 Billion | -3.59% |
| 2017-12-31 | ฿48.23 Billion | +1.67% |
| 2016-12-31 | ฿47.44 Billion | -2.45% |
| 2015-12-31 | ฿48.63 Billion | +2.44% |
| 2014-12-31 | ฿47.47 Billion | +9.50% |
| 2013-12-31 | ฿43.35 Billion | +7.44% |
| 2012-12-31 | ฿40.34 Billion | +49.04% |
| 2011-12-31 | ฿27.07 Billion | +16.50% |
| 2010-12-31 | ฿23.24 Billion | +26.21% |
| 2009-12-31 | ฿18.41 Billion | +13.43% |
| 2008-12-31 | ฿16.23 Billion | +11.40% |
| 2007-12-31 | ฿14.57 Billion | +3.31% |
| 2006-12-31 | ฿14.10 Billion | +10.01% |
| 2005-12-31 | ฿12.82 Billion | +7.75% |
| 2004-12-31 | ฿11.90 Billion | +9.16% |
| 2003-12-31 | ฿10.90 Billion | +5.84% |
| 2002-12-31 | ฿10.30 Billion | +19.12% |
| 2001-12-31 | ฿8.65 Billion | +12.89% |
| 2000-12-31 | ฿7.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Union Group 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 grown by 350.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿15.31 Billion | 34.25% |
| Other Components | ฿29.39 Billion | 65.75% |
| Total Equity | ฿44.70 Billion | 100.00% |
Thai Union Group PCL Competitors by Market Cap
The table below lists competitors of Thai Union Group PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Beverage Corp
NASDAQ:FIZZ
|
$820.06 Million |
|
Viad Corp
NYSE:VVI
|
$820.17 Million |
|
Tellurian Inc
F:MPLN
|
$820.47 Million |
|
Apollo Medical Holdings Inc
F:3AM
|
$820.67 Million |
|
Hongta Securities Co Ltd
SHG:601236
|
$820.01 Million |
|
Jiangxi Fushine Pharmaceutical Co Ltd
SHE:300497
|
$819.90 Million |
|
Criteo Sa
NASDAQ:CRTO
|
$819.88 Million |
|
Neuren Pharmaceuticals Limited
PINK:NURPF
|
$819.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Union Group PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,635,023,000 to 44,704,099,000, a change of -3,930,924,000 (-8.1%).
- Net income of 4,609,416,000 contributed positively to equity growth.
- Dividend payments of 2,794,557,000 reduced retained earnings.
- Share repurchases of 4,310,371,000 reduced equity.
- Other factors decreased equity by 1,435,412,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿4.61 Billion | +10.31% |
| Dividends Paid | ฿2.79 Billion | -6.25% |
| Share Repurchases | ฿4.31 Billion | -9.64% |
| Other Changes | ฿-1.44 Billion | -3.21% |
| Total Change | ฿- | -8.08% |
Book Value vs Market Value Analysis
This analysis compares Thai Union Group 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: 0.95x
- 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 3.76x to 0.95x 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 | ฿11.00 | x |
| 2004-12-31 | ฿3.19 | ฿11.00 | x |
| 2005-12-31 | ฿3.44 | ฿11.00 | x |
| 2006-12-31 | ฿3.37 | ฿11.00 | x |
| 2007-12-31 | ฿3.87 | ฿11.00 | x |
| 2008-12-31 | ฿3.83 | ฿11.00 | x |
| 2009-12-31 | ฿4.35 | ฿11.00 | x |
| 2010-12-31 | ฿5.45 | ฿11.00 | x |
| 2011-12-31 | ฿5.75 | ฿11.00 | x |
| 2012-12-31 | ฿8.34 | ฿11.00 | x |
| 2013-12-31 | ฿8.29 | ฿11.00 | x |
| 2014-12-31 | ฿9.15 | ฿11.00 | x |
| 2015-12-31 | ฿9.60 | ฿11.00 | x |
| 2016-12-31 | ฿9.06 | ฿11.00 | x |
| 2017-12-31 | ฿9.32 | ฿11.00 | x |
| 2018-12-31 | ฿9.06 | ฿11.00 | x |
| 2019-12-31 | ฿10.15 | ฿11.00 | x |
| 2020-12-31 | ฿11.07 | ฿11.00 | x |
| 2021-12-31 | ฿12.74 | ฿11.00 | x |
| 2022-12-31 | ฿17.32 | ฿11.00 | x |
| 2023-12-31 | ฿11.65 | ฿11.00 | x |
| 2024-12-31 | ฿11.43 | ฿11.00 | x |
| 2025-12-31 | ฿11.60 | ฿11.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Union Group 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): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.47%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 3.54x
- Recent ROE (10.31%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 21.58% | 7.90% | 1.75x | 1.56x | ฿810.01 Million |
| 2001 | 19.21% | 4.26% | 1.95x | 2.31x | ฿721.70 Million |
| 2002 | 16.39% | 4.52% | 1.90x | 1.90x | ฿603.93 Million |
| 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 |
| 2025 | 10.31% | 3.47% | 0.84x | 3.54x | ฿139.01 Million |
Industry Comparison
This section compares Thai Union Group PCL's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,744,237,767
- Average return on equity (ROE) among peers: 12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Union Group PCL (TU) | ฿52.08 Billion | 21.58% | 2.04x | $820.04 Million |
| Asian Alliance International PCL (AAI) | $4.88 Billion | 7.84% | 0.15x | $43.65 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $237.14 Million | 5.48% | 0.40x | $9.36 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $3.50 Billion | 23.39% | 0.78x | $49.87 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.82 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.07 Billion | 0.95% | 1.32x | $8.09 Million |
| Chin Huay PCL (CH) | $1.37 Billion | 9.31% | 0.40x | $13.66 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $597.83 Million | 27.03% | 0.46x | $12.59 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.39 Billion | 14.18% | 0.11x | $3.48 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.37 Billion | 7.17% | 0.11x | $6.08 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $49.18 Million |