Tycoons Worldwide Group (Thailand) Public Company Limited
Tycoons Worldwide Group (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes steel wire rods, steel annealing wires, reinforced concrete bars, screws, and wire products in Thailand. It offers spheroidized annealing wires, bolts, thread rods, and PC strands; engages in trading activities; and invests in land plots and other companies. The company also exp… Read more
Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) - Net Assets
Latest net assets as of September 2025: ฿4.37 Billion THB
Based on the latest financial reports, Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) has net assets worth ฿4.37 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 (฿6.32 Billion) and total liabilities (฿1.94 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 | ฿4.37 Billion |
| % of Total Assets | 69.24% |
| Annual Growth Rate | -2.78% |
| 5-Year Change | 5.64% |
| 10-Year Change | -17.2% |
| Growth Volatility | 8.06 |
Tycoons Worldwide Group (Thailand) Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Tycoons Worldwide Group (Thailand) 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 Tycoons Worldwide Group (Thailand) Public Company Limited (2003–2024)
The table below shows the annual net assets of Tycoons Worldwide Group (Thailand) Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.20 Billion | -10.19% |
| 2023-12-31 | ฿4.68 Billion | +3.51% |
| 2022-12-31 | ฿4.52 Billion | +1.14% |
| 2021-12-31 | ฿4.47 Billion | +12.36% |
| 2020-12-31 | ฿3.98 Billion | -7.34% |
| 2019-12-31 | ฿4.29 Billion | -18.89% |
| 2018-12-31 | ฿5.29 Billion | -0.80% |
| 2017-12-31 | ฿5.33 Billion | +3.62% |
| 2016-12-31 | ฿5.15 Billion | +1.47% |
| 2015-12-31 | ฿5.07 Billion | -7.96% |
| 2014-12-31 | ฿5.51 Billion | +0.59% |
| 2013-12-31 | ฿5.48 Billion | -6.99% |
| 2012-12-31 | ฿5.89 Billion | -7.10% |
| 2011-12-31 | ฿6.34 Billion | +3.68% |
| 2010-12-31 | ฿6.12 Billion | +6.67% |
| 2009-12-31 | ฿5.73 Billion | -21.00% |
| 2008-12-31 | ฿7.26 Billion | +0.55% |
| 2007-12-31 | ฿7.22 Billion | -0.89% |
| 2006-12-31 | ฿7.28 Billion | -7.21% |
| 2005-12-31 | ฿7.85 Billion | -4.07% |
| 2004-12-31 | ฿8.18 Billion | +7.82% |
| 2003-12-31 | ฿7.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tycoons Worldwide Group (Thailand) 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 decreased by 119.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿3.98 Billion | 103.13% |
| Total Equity | ฿3.86 Billion | 100.00% |
Tycoons Worldwide Group (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Tycoons Worldwide Group (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minho M Bhd
KLSE:5576
|
$7.94 Million |
|
Sunsuria Bhd
KLSE:3743
|
$7.94 Million |
|
Surana Telecom and Power Limited
NSE:SURANAT&P
|
$7.94 Million |
|
Reliance Securities Tbk
JK:RELI
|
$7.94 Million |
|
ContextVision AB
OL:CONTX
|
$7.93 Million |
|
American Shared Hospital Service
NYSE MKT:AMS
|
$7.93 Million |
|
IXQUF
NASDAQ:IXQUF
|
$7.93 Million |
|
Sheffield Resources Ltd
AU:SFX
|
$7.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tycoons Worldwide Group (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,470,026,787 to 3,858,668,581, a change of -611,358,206 (-13.7%).
- Net loss of 283,248,509 reduced equity.
- Other comprehensive income increased equity by 164,399,268.
- Other factors decreased equity by 492,508,965.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-283.25 Million | -7.34% |
| Other Comprehensive Income | ฿164.40 Million | +4.26% |
| Other Changes | ฿-492.51 Million | -12.76% |
| Total Change | ฿- | -13.68% |
Book Value vs Market Value Analysis
This analysis compares Tycoons Worldwide Group (Thailand) 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: 0.27x
- 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 increased from 0.14x to 0.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿12.07 | ฿1.73 | x |
| 2007-12-31 | ฿11.96 | ฿1.73 | x |
| 2008-12-31 | ฿12.03 | ฿1.73 | x |
| 2009-12-31 | ฿9.50 | ฿1.73 | x |
| 2010-12-31 | ฿10.14 | ฿1.73 | x |
| 2011-12-31 | ฿10.51 | ฿1.73 | x |
| 2012-12-31 | ฿9.84 | ฿1.73 | x |
| 2013-12-31 | ฿9.18 | ฿1.73 | x |
| 2014-12-31 | ฿9.24 | ฿1.73 | x |
| 2015-12-31 | ฿8.50 | ฿1.73 | x |
| 2016-12-31 | ฿8.63 | ฿1.73 | x |
| 2017-12-31 | ฿8.94 | ฿1.73 | x |
| 2018-12-31 | ฿8.87 | ฿1.73 | x |
| 2019-12-31 | ฿7.19 | ฿1.73 | x |
| 2020-12-31 | ฿6.66 | ฿1.73 | x |
| 2021-12-31 | ฿7.30 | ฿1.73 | x |
| 2022-12-31 | ฿7.38 | ฿1.73 | x |
| 2023-12-31 | ฿7.49 | ฿1.73 | x |
| 2024-12-31 | ฿6.47 | ฿1.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tycoons Worldwide Group (Thailand) 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): -7.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.67%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.53x
- Recent ROE (-7.34%) is below the historical average (-2.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.31% | 10.13% | 0.56x | 1.28x | ฿-204.16 Million |
| 2004 | 11.09% | 11.28% | 0.71x | 1.39x | ฿89.12 Million |
| 2005 | 1.56% | 2.00% | 0.59x | 1.32x | ฿-662.50 Million |
| 2006 | -4.26% | -4.84% | 0.58x | 1.52x | ฿-1.04 Billion |
| 2007 | -0.90% | -0.96% | 0.50x | 1.86x | ฿-786.76 Million |
| 2008 | 0.44% | 0.34% | 0.72x | 1.82x | ฿-693.69 Million |
| 2009 | -26.50% | -30.51% | 0.51x | 1.69x | ฿-2.09 Billion |
| 2010 | 6.41% | 6.19% | 0.61x | 1.69x | ฿-219.71 Million |
| 2011 | 3.67% | 2.68% | 0.83x | 1.66x | ฿-401.57 Million |
| 2012 | -6.81% | -4.26% | 0.89x | 1.79x | ฿-990.61 Million |
| 2013 | -10.57% | -6.30% | 1.02x | 1.64x | ฿-1.13 Billion |
| 2014 | 0.58% | 0.38% | 0.92x | 1.64x | ฿-519.32 Million |
| 2015 | -8.77% | -6.25% | 0.99x | 1.42x | ฿-952.32 Million |
| 2016 | 1.36% | 1.13% | 0.89x | 1.35x | ฿-444.62 Million |
| 2017 | 3.53% | 2.50% | 0.96x | 1.47x | ฿-345.14 Million |
| 2018 | -0.67% | -0.34% | 1.29x | 1.52x | ฿-564.62 Million |
| 2019 | -23.25% | -10.43% | 1.47x | 1.52x | ฿-1.43 Billion |
| 2020 | -8.07% | -5.36% | 0.95x | 1.59x | ฿-718.72 Million |
| 2021 | 8.66% | 4.16% | 1.28x | 1.63x | ฿-58.45 Million |
| 2022 | 3.68% | 1.73% | 1.50x | 1.42x | ฿-278.52 Million |
| 2023 | 3.05% | 2.44% | 0.97x | 1.29x | ฿-310.82 Million |
| 2024 | -7.34% | -6.67% | 0.72x | 1.53x | ฿-669.12 Million |
Industry Comparison
This section compares Tycoons Worldwide Group (Thailand) Public Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $3,659,793,554
- Average return on equity (ROE) among peers: 2.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) | ฿4.37 Billion | 7.31% | 0.44x | $7.93 Million |
| 2S Metal Public Company Limited (2S) | $1.31 Billion | 8.03% | 0.41x | $15.33 Million |
| Asia Metal Public Company Limited (AMC) | $1.58 Billion | 7.16% | 1.61x | $6.99 Million |
| Bangsaphan Barmill Public Company Limited (BSBM) | $1.82 Billion | -2.65% | 0.07x | $5.50 Million |
| Capital Engineering Network Public Company Limited (CEN) | $2.42 Billion | -0.89% | 0.19x | $5.45 Million |
| Chow Steel Industries Public Company Limited (CHOW) | $520.72 Million | 0.00% | 4.33x | $8.20 Million |
| CSP Steel Center Public Company Limited (CSP) | $664.19 Million | 10.03% | 1.87x | $950.75K |
| G J Steel Public Company Limited (GJS) | $11.94 Billion | -0.06% | 0.49x | $33.84 Million |
| POSCO-Thainox Public Company Limited (INOX) | $10.76 Billion | -5.72% | 0.42x | $11.41 Million |
| Lohakit Metal Public Company Limited (LHK) | $1.64 Billion | 5.32% | 0.30x | $15.23 Million |
| M.C.S. Steel Public Company Limited (MCS) | $3.94 Billion | 3.04% | 0.72x | $112.11 Million |