Winner Group Enterprise Public Company Limited
Winner Group Enterprise Public Company Limited manufactures, imports, and distributes raw materials, ingredients, food chemicals, and consumer products in Thailand. The company offers food additives comprising hydrocolloid and preservatives; cocoa and chocolate, food ingredients consisting of dried fruits and nuts, egg powder, margarine and shortening, seasoning, sugar and sweeteners, starch and … Read more
Winner Group Enterprise Public Company Limited (WINNER) - Net Assets
Latest net assets as of September 2025: ฿610.81 Million THB
Based on the latest financial reports, Winner Group Enterprise Public Company Limited (WINNER) has net assets worth ฿610.81 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.25 Billion) and total liabilities (฿640.01 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 | ฿610.81 Million |
| % of Total Assets | 48.83% |
| Annual Growth Rate | 5.63% |
| 5-Year Change | 0.52% |
| 10-Year Change | 6.47% |
| Growth Volatility | 14.82 |
Winner Group Enterprise Public Company Limited - Net Assets Trend (2010–2024)
This chart illustrates how Winner Group Enterprise 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 Winner Group Enterprise Public Company Limited (2010–2024)
The table below shows the annual net assets of Winner Group Enterprise Public Company Limited from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿622.48 Million | +1.00% |
| 2023-12-31 | ฿616.29 Million | +5.08% |
| 2022-12-31 | ฿586.52 Million | -14.05% |
| 2021-12-31 | ฿682.37 Million | +10.19% |
| 2020-12-31 | ฿619.25 Million | +1.02% |
| 2019-12-31 | ฿613.01 Million | -0.60% |
| 2018-12-31 | ฿616.69 Million | +0.08% |
| 2017-12-31 | ฿616.21 Million | +2.05% |
| 2016-12-31 | ฿603.82 Million | +3.27% |
| 2015-12-31 | ฿584.67 Million | +3.72% |
| 2014-12-31 | ฿563.69 Million | +1.53% |
| 2013-12-31 | ฿555.18 Million | +54.79% |
| 2012-12-31 | ฿358.66 Million | +6.97% |
| 2011-12-31 | ฿335.29 Million | +16.04% |
| 2010-12-31 | ฿288.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winner Group Enterprise 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 26.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿309.78 Million | 49.77% |
| Other Components | ฿312.70 Million | 50.23% |
| Total Equity | ฿622.48 Million | 100.00% |
Winner Group Enterprise Public Company Limited Competitors by Market Cap
The table below lists competitors of Winner Group Enterprise Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
InPlay Oil Corp
OTCQX:IPOOF
|
$14.46 Million |
|
EENERGY GROUP LS 0003
F:A1Z1
|
$14.47 Million |
|
Getin Holding SA
WAR:GTN
|
$14.47 Million |
|
Aspocomp Group Oyj
HE:ACG1V
|
$14.47 Million |
|
Melbana Energy Limited
PINK:MEOAF
|
$14.46 Million |
|
Symphony Communication Public Company Limited
BK:SYMC
|
$14.45 Million |
|
Mandom Indonesia Tbk
JK:TCID
|
$14.44 Million |
|
MEKICS Co Ltd
KQ:058110
|
$14.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winner Group Enterprise Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 616,294,830 to 622,475,734, a change of 6,180,904 (1.0%).
- Net income of 90,177,287 contributed positively to equity growth.
- Dividend payments of 83,996,383 reduced retained earnings.
- Other comprehensive income decreased equity by 15,000,000.
- Other factors increased equity by 15,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿90.18 Million | +14.49% |
| Dividends Paid | ฿84.00 Million | -13.49% |
| Other Comprehensive Income | ฿-15.00 Million | -2.41% |
| Other Changes | ฿15.00 Million | +2.41% |
| Total Change | ฿- | 1.00% |
Book Value vs Market Value Analysis
This analysis compares Winner Group Enterprise 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: 2.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 2.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿481.55 | ฿2.10 | x |
| 2011-12-31 | ฿558.81 | ฿2.10 | x |
| 2012-12-31 | ฿306.55 | ฿2.10 | x |
| 2013-12-31 | ฿1.11 | ฿2.10 | x |
| 2014-12-31 | ฿0.94 | ฿2.10 | x |
| 2015-12-31 | ฿0.96 | ฿2.10 | x |
| 2016-12-31 | ฿0.99 | ฿2.10 | x |
| 2017-12-31 | ฿1.02 | ฿2.10 | x |
| 2018-12-31 | ฿1.02 | ฿2.10 | x |
| 2019-12-31 | ฿1.02 | ฿2.10 | x |
| 2020-12-31 | ฿1.03 | ฿2.10 | x |
| 2021-12-31 | ฿1.14 | ฿2.10 | x |
| 2022-12-31 | ฿0.98 | ฿2.10 | x |
| 2023-12-31 | ฿1.03 | ฿2.10 | x |
| 2024-12-31 | ฿1.04 | ฿2.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winner Group Enterprise 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): 14.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.28%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 2.07x
- Recent ROE (14.49%) is below the historical average (16.58%), 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 | 29.19% | 6.89% | 2.11x | 2.01x | ฿55.45 Million |
| 2011 | 23.27% | 6.05% | 2.30x | 1.67x | ฿44.50 Million |
| 2012 | 25.75% | 6.62% | 1.92x | 2.03x | ฿56.51 Million |
| 2013 | 15.06% | 6.07% | 1.49x | 1.67x | ฿28.07 Million |
| 2014 | 13.57% | 5.35% | 1.71x | 1.48x | ฿20.14 Million |
| 2015 | 15.22% | 6.22% | 1.56x | 1.57x | ฿30.51 Million |
| 2016 | 17.44% | 6.12% | 1.86x | 1.53x | ฿44.95 Million |
| 2017 | 16.94% | 6.38% | 1.76x | 1.51x | ฿42.77 Million |
| 2018 | 14.41% | 5.50% | 1.40x | 1.87x | ฿27.17 Million |
| 2019 | 13.75% | 5.16% | 1.43x | 1.86x | ฿23.02 Million |
| 2020 | 13.65% | 5.01% | 1.43x | 1.91x | ฿22.60 Million |
| 2021 | 15.93% | 6.09% | 1.39x | 1.88x | ฿40.44 Million |
| 2022 | 1.60% | 0.46% | 1.53x | 2.25x | ฿-49.25 Million |
| 2023 | 18.46% | 5.56% | 1.66x | 2.00x | ฿52.14 Million |
| 2024 | 14.49% | 4.28% | 1.64x | 2.07x | ฿27.93 Million |
Industry Comparison
This section compares Winner Group Enterprise Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,744,237,767
- Average return on equity (ROE) among peers: 12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winner Group Enterprise Public Company Limited (WINNER) | ฿610.81 Million | 29.19% | 1.05x | $14.46 Million |
| Asian Alliance International PCL (AAI) | $4.88 Billion | 7.84% | 0.15x | $43.65 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $237.14 Million | 5.48% | 0.40x | $9.36 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $3.50 Billion | 23.39% | 0.78x | $49.87 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.82 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.07 Billion | 0.95% | 1.32x | $8.09 Million |
| Chin Huay PCL (CH) | $1.37 Billion | 9.31% | 0.40x | $13.66 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $597.83 Million | 27.03% | 0.46x | $12.59 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.39 Billion | 14.18% | 0.11x | $3.48 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.37 Billion | 7.17% | 0.11x | $6.08 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $49.18 Million |