Thaivivat Holdings Public Company Limited
Thaivivat Holdings Public Company Limited, together with its subsidiaries, provides various non-life insurance products in Thailand and Lao. It operates through 4 segments: Non-life insurance business, Investment business, Service business, and Investment property segments. The company offers fire, marine and transportation, motor, accident, health, housing and business, cargo, property, theft, a… Read more
Thaivivat Holdings Public Company Limited (TVH) - Net Assets
Latest net assets as of September 2025: ฿5.10 Billion THB
Based on the latest financial reports, Thaivivat Holdings Public Company Limited (TVH) has net assets worth ฿5.10 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿10.61 Billion) and total liabilities (฿5.50 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 | ฿5.10 Billion |
| % of Total Assets | 48.11% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.66 |
Thaivivat Holdings Public Company Limited - Net Assets Trend (2022–2024)
This chart illustrates how Thaivivat Holdings 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 Thaivivat Holdings Public Company Limited (2022–2024)
The table below shows the annual net assets of Thaivivat Holdings Public Company Limited from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.25 Billion | +17.10% |
| 2023-12-31 | ฿1.92 Billion | +5.77% |
| 2022-12-31 | ฿1.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thaivivat Holdings 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 35.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.49 Billion | 67.06% |
| Other Components | ฿732.28 Million | 32.94% |
| Total Equity | ฿2.22 Billion | 100.00% |
Thaivivat Holdings Public Company Limited Competitors by Market Cap
The table below lists competitors of Thaivivat Holdings Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taipei Star Bank
TWO:5863
|
$56.23 Million |
|
Sarana Meditama Metropolitan
JK:SAME
|
$56.24 Million |
|
Blackrock Silver Corp
OTCQX:BKRRF
|
$56.25 Million |
|
Prelude Therapeutics Inc
NASDAQ:PRLD
|
$56.25 Million |
|
Brightek Optoelectronic Co Ltd
TW:5244
|
$56.18 Million |
|
K N Kenanga Holdings Bhd
KLSE:6483
|
$56.17 Million |
|
HydroGraph Clean Power Inc.
OTCQB:HGRAF
|
$56.16 Million |
|
Villars Holding SA
SW:VILN
|
$56.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thaivivat Holdings Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,891,586,000 to 2,222,792,000, a change of 331,206,000 (17.5%).
- Net income of 348,914,000 contributed positively to equity growth.
- Dividend payments of 130,218,000 reduced retained earnings.
- Other factors increased equity by 112,510,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿348.91 Million | +15.7% |
| Dividends Paid | ฿130.22 Million | -5.86% |
| Other Changes | ฿112.51 Million | +5.06% |
| Total Change | ฿- | 17.51% |
Book Value vs Market Value Analysis
This analysis compares Thaivivat Holdings 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: 1.19x
- 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 1.49x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ฿5.95 | ฿8.85 | x |
| 2023-12-31 | ฿6.31 | ฿8.85 | x |
| 2024-12-31 | ฿7.41 | ฿8.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thaivivat Holdings 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): 15.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.80%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 4.91x
- Recent ROE (15.70%) is above the historical average (13.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 11.38% | 3.19% | 0.66x | 5.44x | ฿24.69 Million |
| 2023 | 14.68% | 3.97% | 0.71x | 5.22x | ฿88.52 Million |
| 2024 | 15.70% | 4.80% | 0.67x | 4.91x | ฿126.63 Million |
Industry Comparison
This section compares Thaivivat Holdings Public Company Limited's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $2,460,767,586
- Average return on equity (ROE) among peers: 3.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thaivivat Holdings Public Company Limited (TVH) | ฿5.10 Billion | 11.38% | 1.08x | $56.21 Million |
| Allianz Ayudhya Capital Public Company Limited (AYUD) | $9.27 Billion | 8.10% | 0.42x | $82.53 Million |
| Bangkok Union Insurance Public Co. Ltd. (BUI) | $470.18 Million | 4.85% | 1.03x | $8.54 Million |
| Charan Insurance Public Company Limited (CHARAN) | $526.80 Million | -1.35% | 0.90x | $2.28 Million |
| Indara Insurance Public Company Limited (INSURE) | $170.66 Million | 8.25% | 3.13x | $16.60 Million |
| Muang Thai Insurance Public Company Limited (MTI) | $4.56 Billion | 20.32% | 3.09x | $61.65 Million |
| The Navakij Insurance Public Company Limited (NKI) | $1.81 Billion | 9.60% | 0.69x | $7.45 Million |
| Thai Setakij Insurance PCL (TSI) | $415.32 Million | -24.68% | 2.13x | $1.06 Million |