VGI Public Company Limited (VGI-R) - Net Assets

Latest as of June 2025: ฿36.36 Billion THB ≈ $1.13 Billion USD

Based on the latest financial reports, VGI Public Company Limited (VGI-R) has net assets worth ฿36.36 Billion THB (≈ $1.13 Billion USD) 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 ≈ $1.23 Billion USD) and total liabilities (฿3.01 Billion ≈ $93.95 Million USD). 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. Check VGI-R tangible net assets ratio to evaluate the tangible quality of the company's equity base.

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. See VGI Public Company Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see VGI Public Company Limited market capitalisation.

Year	Net Assets	Change
2025-03-31	฿36.75 Billion ≈ $1.15 Billion	+46.23%
2024-03-31	฿25.13 Billion ≈ $783.41 Million	-18.00%
2023-03-31	฿30.65 Billion ≈ $955.38 Million	+2.23%
2022-03-31	฿29.98 Billion ≈ $934.54 Million	+75.72%
2021-03-31	฿17.06 Billion ≈ $531.85 Million	+30.48%
2020-03-31	฿13.08 Billion ≈ $407.62 Million	-20.49%
2019-03-31	฿16.45 Billion ≈ $512.65 Million	+177.96%
2018-03-31	฿5.92 Billion ≈ $184.43 Million	+90.55%
2017-03-31	฿3.11 Billion ≈ $96.79 Million	+38.50%
2016-03-31	฿2.24 Billion ≈ $69.89 Million	+22.59%
2015-03-31	฿1.83 Billion ≈ $57.01 Million	-6.36%
2014-03-31	฿1.95 Billion ≈ $60.88 Million	+7.64%
2013-03-31	฿1.81 Billion ≈ $56.56 Million	+519.01%
2012-03-31	฿293.14 Million ≈ $9.14 Million	-31.35%
2011-03-31	฿427.03 Million ≈ $13.31 Million	-5.77%
2010-03-31	฿453.20 Million ≈ $14.13 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
Ardent Health Partners, Inc. NYSE:ARDT	$1.34 Billion
Adecoagro SA NYSE:AGRO	$1.34 Billion
Atlanticus Holdings Corporation NASDAQ:ATLC	$1.34 Billion
Camel Group Co Ltd SHG:601311	$1.34 Billion
Juli Sling Co Ltd SHE:002342	$1.34 Billion
Home First Finance Company India Limited NSE:HOMEFIRST	$1.34 Billion
Taihan Fiber Optics Co. Ltd KQ:010170	$1.34 Billion
Inox Wind Energy Limited NSE:IWEL	$1.34 Billion

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: $59,594,725,732
Average return on equity (ROE) among peers: 8.33%

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	$1.34 Billion
Advanced Connection Corporation Public Company Limited (ACC)	$752.94 Million	5.12%	0.14x	$20.51 Million
Berli Jucker PCL (BJC)	$125.90 Billion	3.81%	1.69x	$1.76 Billion
Eastern Technical Engineering Public Company Limited (ETE)	$906.91 Million	2.57%	1.36x	$9.95 Million
Forth Corporation Public Company Limited (FORTH)	$1.19 Billion	17.77%	2.10x	$469.39 Million
Loxley Public Company Limited (LOXLEY)	$4.41 Billion	5.19%	1.14x	$101.66 Million
MBK Public Company Limited (MBK)	$28.46 Billion	15.04%	1.36x	$832.03 Million
MBK Public Company Limited (MBK-R)	$20.35 Billion	10.09%	1.09x	$775.40 Million
The Siam Cement Public Company Limited (SCC)	$396.13 Billion	8.62%	0.89x	$9.01 Billion
Siamraj Public Company Limited (SR)	$952.03 Million	10.69%	0.45x	$6.75 Million
Saha-Union Public Company Limited (SUC)	$16.90 Billion	4.37%	0.30x	$254.81 Million

About VGI Public Company Limited

BK:VGI-R Thailand Conglomerates

Market Cap

$1.34 Billion

฿43.05 Billion THB

Market Cap Rank

#7747 Global

#61 in Thailand

Share Price

฿2.04

Change (1 day)

+0.99%

52-Week Range

฿2.02 - ฿2.86

All Time High

฿7.85