VGI Public Company Limited
VGI Public Company Limited, together with its subsidiaries, engages in the arrangement and provision of advertising services in Thailand. It operates in four segments: Transit, Digital Service, Distribution, and Other. The Transit segment offers advertising services in BTS stations, inside BTS trains, on BTS train bodies, and on BTS columns; and leases retail and merchandising space at BTS statio… Read more
VGI Public Company Limited (VGI-R) - Net Assets
Latest net assets as of June 2025: ฿36.36 Billion THB
Based on the latest financial reports, VGI Public Company Limited (VGI-R) has net assets worth ฿36.36 Billion THB as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿39.37 Billion) and total liabilities (฿3.01 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 | ฿36.36 Billion |
| % of Total Assets | 92.34% |
| Annual Growth Rate | 34.05% |
| 5-Year Change | 115.4% |
| 10-Year Change | 1539.2% |
| Growth Volatility | 132.76 |
VGI Public Company Limited - Net Assets Trend (2010–2025)
This chart illustrates how VGI 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 VGI Public Company Limited (2010–2025)
The table below shows the annual net assets of VGI Public Company Limited from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿36.75 Billion | +46.23% |
| 2024-03-31 | ฿25.13 Billion | -18.00% |
| 2023-03-31 | ฿30.65 Billion | +2.23% |
| 2022-03-31 | ฿29.98 Billion | +75.72% |
| 2021-03-31 | ฿17.06 Billion | +30.48% |
| 2020-03-31 | ฿13.08 Billion | -20.49% |
| 2019-03-31 | ฿16.45 Billion | +177.96% |
| 2018-03-31 | ฿5.92 Billion | +90.55% |
| 2017-03-31 | ฿3.11 Billion | +38.50% |
| 2016-03-31 | ฿2.24 Billion | +22.59% |
| 2015-03-31 | ฿1.83 Billion | -6.36% |
| 2014-03-31 | ฿1.95 Billion | +7.64% |
| 2013-03-31 | ฿1.81 Billion | +519.01% |
| 2012-03-31 | ฿293.14 Million | -31.35% |
| 2011-03-31 | ฿427.03 Million | -5.77% |
| 2010-03-31 | ฿453.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VGI 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 422.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿35.83 Billion | 102.95% |
| Total Equity | ฿34.80 Billion | 100.00% |
VGI Public Company Limited Competitors by Market Cap
The table below lists competitors of VGI Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asiainfo Security Technologies Corp. A
SHG:688225
|
$592.37 Million |
|
Inno Laser Technology Co. Ltd.
SHE:301021
|
$592.42 Million |
|
Ferrellgas Partners L.P
PINK:FGPRB
|
$592.46 Million |
|
SANFILIPPOJOHN B. DL-01
F:JO1
|
$592.61 Million |
|
ZKH Group Limited
NYSE:ZKH
|
$592.31 Million |
|
ABBISKO CAYMAN DL-00001
F:8ZD
|
$592.27 Million |
|
Cablevisión Holding S.A
PINK:CVHSY
|
$592.21 Million |
|
Ngern Tid Lor Public Company Limited
BK:TIDLOR
|
$592.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VGI Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,287,892,783 to 34,804,000,830, a change of 11,516,108,047 (49.5%).
- Net income of 501,228,918 contributed positively to equity growth.
- New share issuances of 13,190,804,500 increased equity.
- Other comprehensive income decreased equity by 1,312,640,415.
- Other factors decreased equity by 863,284,956.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿501.23 Million | +1.44% |
| Share Issuances | ฿13.19 Billion | +37.9% |
| Other Comprehensive Income | ฿-1.31 Billion | -3.77% |
| Other Changes | ฿-863.28 Million | -2.48% |
| Total Change | ฿- | 49.45% |
Book Value vs Market Value Analysis
This analysis compares VGI 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: 1.17x
- 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 29.40x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-03-31 | ฿0.07 | ฿2.04 | x |
| 2011-03-31 | ฿0.07 | ฿2.04 | x |
| 2012-03-31 | ฿0.13 | ฿2.04 | x |
| 2013-03-31 | ฿0.29 | ฿2.04 | x |
| 2014-03-31 | ฿0.28 | ฿2.04 | x |
| 2015-03-31 | ฿0.27 | ฿2.04 | x |
| 2016-03-31 | ฿0.33 | ฿2.04 | x |
| 2017-03-31 | ฿0.27 | ฿2.04 | x |
| 2018-03-31 | ฿0.64 | ฿2.04 | x |
| 2019-03-31 | ฿1.66 | ฿2.04 | x |
| 2020-03-31 | ฿1.43 | ฿2.04 | x |
| 2021-03-31 | ฿1.85 | ฿2.04 | x |
| 2022-03-31 | ฿3.37 | ฿2.04 | x |
| 2023-03-31 | ฿2.51 | ฿2.04 | x |
| 2024-03-31 | ฿2.08 | ฿2.04 | x |
| 2025-03-31 | ฿1.74 | ฿2.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VGI 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): 1.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.19%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.14x
- Recent ROE (1.44%) is below the historical average (26.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 22.04% | 8.96% | 0.88x | 2.81x | ฿54.58 Million |
| 2011 | 40.89% | 12.46% | 1.08x | 3.04x | ฿131.89 Million |
| 2012 | 94.99% | 14.08% | 1.50x | 4.48x | ฿249.14 Million |
| 2013 | 50.04% | 32.00% | 1.10x | 1.42x | ฿726.53 Million |
| 2014 | 58.66% | 36.38% | 1.15x | 1.40x | ฿950.40 Million |
| 2015 | 45.79% | 28.27% | 0.90x | 1.80x | ฿654.67 Million |
| 2016 | 41.95% | 44.66% | 0.68x | 1.38x | ฿716.30 Million |
| 2017 | 44.52% | 27.08% | 0.38x | 4.30x | ฿640.79 Million |
| 2018 | 19.12% | 21.50% | 0.41x | 2.17x | ฿403.65 Million |
| 2019 | 8.04% | 21.35% | 0.23x | 1.66x | ฿-268.38 Million |
| 2020 | 11.14% | 39.76% | 0.21x | 1.34x | ฿145.55 Million |
| 2021 | 5.91% | 45.21% | 0.10x | 1.26x | ฿-679.40 Million |
| 2022 | -0.41% | -3.13% | 0.09x | 1.40x | ฿-3.03 Billion |
| 2023 | -0.23% | -1.39% | 0.14x | 1.20x | ฿-2.88 Billion |
| 2024 | -14.98% | -76.93% | 0.16x | 1.22x | ฿-5.82 Billion |
| 2025 | 1.44% | 10.19% | 0.12x | 1.14x | ฿-2.98 Billion |
Industry Comparison
This section compares VGI Public Company Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $16,059,470,964
- Average return on equity (ROE) among peers: 3.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VGI Public Company Limited (VGI-R) | ฿36.36 Billion | 22.04% | 0.08x | $592.33 Million |
| Advanced Connection Corporation Public Company Limited (ACC) | $706.46 Million | 8.21% | 0.17x | $17.25 Million |
| Berli Jucker PCL (BJC) | $126.20 Billion | 3.17% | 1.67x | $316.94 Million |
| Eastern Technical Engineering Public Company Limited (ETE) | $58.10 Million | 13.78% | 9.72x | $4.01 Million |
| Forth Corporation Public Company Limited (FORTH) | $2.72 Billion | 9.98% | 2.00x | $62.80 Million |
| Loxley Public Company Limited (LOXLEY) | $4.26 Billion | 14.55% | 1.12x | $56.12 Million |
| MBK Public Company Limited (MBK) | $7.29 Billion | 11.11% | 1.05x | $228.06 Million |
| Precise Corporation Public Company Limited (PCC) | $643.50 Million | 8.95% | 0.95x | $48.96 Million |
| Rabbit Holdings PCL (RABBIT) | $310.77 Million | -34.85% | 5.65x | $29.29 Million |
| Siamraj Public Company Limited (SR) | $827.66 Million | -7.80% | 2.26x | $1.86 Million |
| Saha-Union Public Company Limited (SUC) | $17.58 Billion | 6.99% | 0.32x | $114.86 Million |