Winner Group Enterprise Public Company Limited Net Assets
Winner Group Enterprise Public Company Limited net assets. Based on the latest financial reports, Winner Group Enterprise Public Company Limited (WINNER) has net assets worth ฿717.14 Million THB (≈ $22.35 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.30 Billion ≈ $40.58 Million USD) and total liabilities (฿584.73 Million ≈ $18.23 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. Also explore WINNER net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿717.14 Million |
| % of Total Assets | 55.09% |
| Annual Growth Rate | 5.58% |
| 5-Year Change | -4.39% |
| 10-Year Change | 8.05% |
| Growth Volatility | 14.33 |
Net Assets of Winner Group Enterprise Public Company Limited (2010–2025)
Net assets of Winner Group Enterprise Public Company Limited from 2010 to 2025. This chart illustrates how Winner Group Enterprise Public Company Limited's net assets have evolved over time, based on quarterly financial data. See how leveraged is Winner Group Enterprise Public Company L's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Winner Group Enterprise Public Company Limited (2010–2025)
The table below shows the annual net assets of Winner Group Enterprise Public Company Limited from 2010 to 2025. For live market cap and overall valuation, see market value of Winner Group Enterprise Public Company L.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿652.41 Million ≈ $20.33 Million |
+4.81% |
| 2024-12-31 | ฿622.48 Million ≈ $19.40 Million |
+1.00% |
| 2023-12-31 | ฿616.29 Million ≈ $19.21 Million |
+5.08% |
| 2022-12-31 | ฿586.52 Million ≈ $18.28 Million |
-14.05% |
| 2021-12-31 | ฿682.37 Million ≈ $21.27 Million |
+10.19% |
| 2020-12-31 | ฿619.25 Million ≈ $19.30 Million |
+1.02% |
| 2019-12-31 | ฿613.01 Million ≈ $19.11 Million |
-0.60% |
| 2018-12-31 | ฿616.69 Million ≈ $19.22 Million |
+0.08% |
| 2017-12-31 | ฿616.21 Million ≈ $19.21 Million |
+2.05% |
| 2016-12-31 | ฿603.82 Million ≈ $18.82 Million |
+3.27% |
| 2015-12-31 | ฿584.67 Million ≈ $18.22 Million |
+3.72% |
| 2014-12-31 | ฿563.69 Million ≈ $17.57 Million |
+1.53% |
| 2013-12-31 | ฿555.18 Million ≈ $17.30 Million |
+54.79% |
| 2012-12-31 | ฿358.66 Million ≈ $11.18 Million |
+6.97% |
| 2011-12-31 | ฿335.29 Million ≈ $10.45 Million |
+16.04% |
| 2010-12-31 | ฿288.93 Million ≈ $9.01 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 38.7% over the analyzed period, indicating profitable operations and earnings retention.
Winner Group Enterprise Public Company Limited Net Assets Breakdown (December 2025)
Winner Group Enterprise Public Company Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿339.71 Million | 52.07% |
| Common Stock | ฿149.99 Million | 22.99% |
| Other Comprehensive Income | ฿15.00 Million | 2.30% |
| Other Components | ฿147.71 Million | 22.64% |
| Total Equity | ฿652.41 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 |
|---|---|
|
PS International Group Ltd. Ordinary Shares
NASDAQ:PSIG
|
$41.14 Million |
|
Atec Co. Ltd
KQ:045660
|
$41.15 Million |
|
Ardea Resources Ltd
AU:ARL
|
$41.20 Million |
|
RMB Holdings Ltd
JSE:RMH
|
$41.22 Million |
|
Fission 3.0 Corp
V:FUU
|
$41.14 Million |
|
Inspirisys Solutions Limited
NSE:INSPIRISYS
|
$41.13 Million |
|
Maoye International Holdings Limited
F:5MIA
|
$41.12 Million |
|
Turism Hotelur
RO:EFO
|
$41.12 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 2024 to 2025, total equity changed from 622,475,734 to 652,405,187, a change of 29,929,453 (4.8%).
- Net income of 139,676,567 contributed positively to equity growth.
- Dividend payments of 107,995,169 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿139.68 Million | +21.41% |
| Dividends Paid | ฿108.00 Million | -16.55% |
| Other Changes | ฿-1.75 Million | -0.27% |
| Total Change | ฿- | 4.81% |
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 | ฿2.20 | x |
| 2011-12-31 | ฿558.81 | ฿2.20 | x |
| 2012-12-31 | ฿306.55 | ฿2.20 | x |
| 2013-12-31 | ฿1.11 | ฿2.20 | x |
| 2014-12-31 | ฿0.94 | ฿2.20 | x |
| 2015-12-31 | ฿0.96 | ฿2.20 | x |
| 2016-12-31 | ฿0.99 | ฿2.20 | x |
| 2017-12-31 | ฿1.02 | ฿2.20 | x |
| 2018-12-31 | ฿1.02 | ฿2.20 | x |
| 2019-12-31 | ฿1.02 | ฿2.20 | x |
| 2020-12-31 | ฿1.03 | ฿2.20 | x |
| 2021-12-31 | ฿1.14 | ฿2.20 | x |
| 2022-12-31 | ฿0.98 | ฿2.20 | x |
| 2023-12-31 | ฿1.03 | ฿2.20 | x |
| 2024-12-31 | ฿1.04 | ฿2.20 | x |
| 2025-12-31 | ฿1.09 | ฿2.20 | 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): 21.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 1.84x
- • Equity Multiplier: 1.91x
- Recent ROE (21.41%) is above the historical average (16.88%), indicating improving 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 |
| 2025 | 21.41% | 6.09% | 1.84x | 1.91x | ฿74.44 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: $2,833,568,456
- Average return on equity (ROE) among peers: 14.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winner Group Enterprise Public Company Limited (WINNER) | ฿717.14 Million | 29.19% | 0.82x | $41.14 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.47 Billion | 20.78% | 2.27x | $179.73 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.25 Billion | 11.48% | 1.23x | $40.17 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.21 Billion | 9.76% | 0.27x | $16.07 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.08 Billion | 0.00% | 0.13x | $17.34 Million |
| GFPT Public Company Limited (GFPT) | $16.61 Billion | 12.31% | 0.41x | $371.27 Million |
| J.S.P. Property Public Company Limited (JSP) | $164.92 Million | 14.29% | 1.68x | $24.70 Million |
| Thai Ha Public Company Limited (KASET) | $266.78 Million | -25.38% | 1.53x | $4.77 Million |
| Lee Feed Mill Public Company Limited (LEE) | $1.51 Billion | 14.90% | 0.13x | $68.88 Million |
| Malee Group Public Company Limited (MALEE) | $1.07 Billion | 60.36% | 1.52x | $61.58 Million |
| President Bakery Public Company Limited (PB) | $2.71 Billion | 22.74% | 0.39x | $638.19 Million |
About 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; food ingredients consisting of cocoa and chocolate, dried fruits and nuts, egg powder, margarine and shortening, seasoning, sugar and sweeteners, starch and … Read more