Thai Wire Products Public Company Limited
Thai Wire Products Public Company Limited manufactures and sells prestressed concrete wires for construction industry in Thailand and internationally. The company's products include steel wires and strands for prestressed concrete; galvanized steel wires and strands; hard drawn steel wires; and ordinary low carbon steel wires; and cold drawn steel wires for concrete reinforcement. Thai Wire Produ… Read more
Thai Wire Products Public Company Limited (TWP) - Net Assets
Latest net assets as of September 2025: ฿1.34 Billion THB
Based on the latest financial reports, Thai Wire Products Public Company Limited (TWP) has net assets worth ฿1.34 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 (฿1.80 Billion) and total liabilities (฿462.44 Million). 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 | ฿1.34 Billion |
| % of Total Assets | 74.29% |
| Annual Growth Rate | 44.88% |
| 5-Year Change | -11.55% |
| 10-Year Change | -14.57% |
| Growth Volatility | 135103.44 |
Thai Wire Products Public Company Limited - Net Assets Trend (2001–2024)
This chart illustrates how Thai Wire Products 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 Thai Wire Products Public Company Limited (2001–2024)
The table below shows the annual net assets of Thai Wire Products Public Company Limited from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.31 Billion | -5.10% |
| 2023-12-31 | ฿1.38 Billion | -6.39% |
| 2022-12-31 | ฿1.48 Billion | -5.29% |
| 2021-12-31 | ฿1.56 Billion | +5.13% |
| 2020-12-31 | ฿1.48 Billion | -3.27% |
| 2019-12-31 | ฿1.53 Billion | -4.93% |
| 2018-12-31 | ฿1.61 Billion | +0.49% |
| 2017-12-31 | ฿1.61 Billion | +4.10% |
| 2016-12-31 | ฿1.54 Billion | +0.40% |
| 2015-12-31 | ฿1.54 Billion | +1.77% |
| 2014-12-31 | ฿1.51 Billion | +28.17% |
| 2013-12-31 | ฿1.18 Billion | +23.05% |
| 2012-12-31 | ฿957.53 Million | +11.37% |
| 2011-12-31 | ฿859.77 Million | +6.15% |
| 2010-12-31 | ฿809.93 Million | +6.05% |
| 2009-12-31 | ฿763.75 Million | -0.06% |
| 2008-12-31 | ฿764.21 Million | +6.39% |
| 2007-12-31 | ฿718.33 Million | +22.51% |
| 2006-12-31 | ฿586.33 Million | +38.67% |
| 2005-12-31 | ฿422.83 Million | +64.17% |
| 2004-12-31 | ฿257.56 Million | +115.29% |
| 2003-12-31 | ฿-1.68 Billion | -2.14% |
| 2002-12-31 | ฿-1.65 Billion | -634401.30% |
| 2001-12-31 | ฿260.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Wire Products 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 65002007300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿650.02 Million | 49.51% |
| Other Components | ฿662.89 Million | 50.49% |
| Total Equity | ฿1.31 Billion | 100.00% |
Thai Wire Products Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Wire Products Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AcouSort AB
ST:ACOU
|
$4.82 Million |
|
Zenith Steel Pipes & Industries Limited
NSE:ZENITHSTL
|
$4.82 Million |
|
BioForce Nanosciences Holdings Inc
PINK:BFNH
|
$4.82 Million |
|
Park Street A/S
CO:PARKST-A
|
$4.83 Million |
|
Finlay Minerals Ltd
OTCQB:FYMNF
|
$4.82 Million |
|
WiSA Technologies Inc
NASDAQ:WISA
|
$4.82 Million |
|
Refined Metals Corp.
PINK:RFMCF
|
$4.82 Million |
|
Bioscience Animal Health PCL
BK:BIS
|
$4.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Wire Products Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,383,506,647 to 1,312,907,835, a change of -70,598,812 (-5.1%).
- Net loss of 75,380,684 reduced equity.
- Dividend payments of 71,145 reduced retained earnings.
- Other comprehensive income decreased equity by 66,331,890.
- Other factors increased equity by 71,184,907.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-75.38 Million | -5.74% |
| Dividends Paid | ฿71.14K | -0.01% |
| Other Comprehensive Income | ฿-66.33 Million | -5.05% |
| Other Changes | ฿71.18 Million | +5.42% |
| Total Change | ฿- | -5.10% |
Book Value vs Market Value Analysis
This analysis compares Thai Wire Products 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: 0.23x
- 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 |
|---|---|---|---|
| 2002-12-31 | ฿-7.50 | ฿1.14 | x |
| 2003-12-31 | ฿-7.66 | ฿1.14 | x |
| 2004-12-31 | ฿1.14 | ฿1.14 | x |
| 2005-12-31 | ฿1.57 | ฿1.14 | x |
| 2006-12-31 | ฿2.17 | ฿1.14 | x |
| 2007-12-31 | ฿2.66 | ฿1.14 | x |
| 2008-12-31 | ฿2.83 | ฿1.14 | x |
| 2009-12-31 | ฿2.83 | ฿1.14 | x |
| 2010-12-31 | ฿3.00 | ฿1.14 | x |
| 2011-12-31 | ฿3.18 | ฿1.14 | x |
| 2012-12-31 | ฿3.55 | ฿1.14 | x |
| 2013-12-31 | ฿4.36 | ฿1.14 | x |
| 2014-12-31 | ฿5.59 | ฿1.14 | x |
| 2015-12-31 | ฿5.69 | ฿1.14 | x |
| 2016-12-31 | ฿5.71 | ฿1.14 | x |
| 2017-12-31 | ฿5.95 | ฿1.14 | x |
| 2018-12-31 | ฿5.98 | ฿1.14 | x |
| 2019-12-31 | ฿5.68 | ฿1.14 | x |
| 2020-12-31 | ฿5.53 | ฿1.14 | x |
| 2021-12-31 | ฿6.16 | ฿1.14 | x |
| 2022-12-31 | ฿5.86 | ฿1.14 | x |
| 2023-12-31 | ฿5.49 | ฿1.14 | x |
| 2024-12-31 | ฿4.92 | ฿1.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Wire Products 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): -5.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.61%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.33x
- Recent ROE (-5.74%) is below the historical average (38.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | -193.02% | 0.84x | 0.00x | ฿-1.49 Billion |
| 2003 | 0.00% | -4.21% | 0.91x | 0.00x | ฿124.60 Million |
| 2004 | 726.33% | 121.74% | 1.13x | 5.27x | ฿1.84 Billion |
| 2005 | 39.73% | 10.37% | 1.12x | 3.42x | ฿125.70 Million |
| 2006 | 27.90% | 9.52% | 1.11x | 2.64x | ฿104.96 Million |
| 2007 | 18.40% | 7.47% | 1.07x | 2.30x | ฿60.34 Million |
| 2008 | 6.24% | 2.59% | 1.20x | 2.00x | ฿-28.75 Million |
| 2009 | -0.29% | -0.19% | 0.78x | 1.94x | ฿-78.61 Million |
| 2010 | 5.36% | 2.93% | 1.00x | 1.83x | ฿-37.55 Million |
| 2011 | 8.65% | 4.72% | 1.04x | 1.76x | ฿-11.59 Million |
| 2012 | 8.70% | 4.86% | 1.19x | 1.51x | ฿-12.46 Million |
| 2013 | 18.24% | 11.66% | 1.12x | 1.39x | ฿97.05 Million |
| 2014 | 21.22% | 17.37% | 1.13x | 1.08x | ฿169.42 Million |
| 2015 | 3.92% | 3.55% | 1.03x | 1.07x | ฿-93.39 Million |
| 2016 | 2.13% | 2.19% | 0.89x | 1.10x | ฿-121.37 Million |
| 2017 | 5.02% | 4.32% | 0.95x | 1.23x | ฿-80.06 Million |
| 2018 | 3.03% | 2.04% | 1.24x | 1.20x | ฿-112.43 Million |
| 2019 | -4.00% | -3.03% | 1.13x | 1.17x | ฿-214.84 Million |
| 2020 | -2.41% | -2.18% | 0.85x | 1.30x | ฿-184.22 Million |
| 2021 | 6.46% | 4.72% | 0.91x | 1.50x | ฿-55.25 Million |
| 2022 | -4.94% | -3.41% | 0.99x | 1.46x | ฿-220.81 Million |
| 2023 | -8.05% | -6.28% | 0.96x | 1.33x | ฿-249.79 Million |
| 2024 | -5.74% | -4.61% | 0.93x | 1.33x | ฿-206.67 Million |
Industry Comparison
This section compares Thai Wire Products Public Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $2,674,405,637
- Average return on equity (ROE) among peers: 5.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Wire Products Public Company Limited (TWP) | ฿1.34 Billion | 0.00% | 0.35x | $4.82 Million |
| Chonburi Concrete Product Public Company Limited (CCP) | $1.46 Billion | -1.54% | 1.04x | $9.62 Million |
| CPanel PCL (CPANEL) | $453.90 Million | 14.97% | 0.51x | $3.90 Million |
| Dcon Products Public Company Limited (DCON) | $441.78 Million | 7.34% | 0.46x | $9.17 Million |
| General Engineering Public Company Limited (GEL) | $527.67 Million | -12.22% | 0.64x | $4.96 Million |
| SCG Decor PCL (SCGD) | $21.31 Billion | 1.54% | 0.95x | $61.51 Million |
| Southern Concrete Pile PCL (SCP) | $442.74 Million | 10.24% | 1.50x | $31.95 Million |
| Sirakorn PCL (SK) | $423.20 Million | 11.79% | 0.28x | $4.35 Million |
| Smart Concrete Public Company Limited (SMART) | $671.77 Million | 15.87% | 0.22x | $5.27 Million |
| STC Concrete Product Public Company Limited (STC) | $366.28 Million | 2.62% | 1.17x | $1.51 Million |
| STONE ONE PUBLIC COMPANY LIMITED (STX) | $643.44 Million | 5.91% | 0.18x | $3.55 Million |