TTW Public Company Limited (F1P) - Net Assets
Based on the latest financial reports, TTW Public Company Limited (F1P) has net assets worth €16.70 Billion EUR (≈ $19.52 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€23.49 Billion ≈ $27.47 Billion USD) and total liabilities (€6.80 Billion ≈ $7.95 Billion 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. Explore F1P operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €16.70 Billion |
| % of Total Assets | 71.07% |
| Annual Growth Rate | 4.19% |
| 5-Year Change | 17.62% |
| 10-Year Change | N/A |
| Growth Volatility | 1.17 |
TTW Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how TTW Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see TTW Public Company Limited (F1P) market capitalisation.
Annual Net Assets for TTW Public Company Limited (2016–2025)
The table below shows the annual net assets of TTW Public Company Limited from 2016 to 2025. Read debt load of TTW Public Company Limited for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €16.70 Billion ≈ $19.52 Billion |
+6.28% |
| 2024-12-31 | €15.71 Billion ≈ $18.37 Billion |
+2.81% |
| 2023-12-31 | €15.28 Billion ≈ $17.87 Billion |
+3.60% |
| 2022-12-31 | €14.75 Billion ≈ $17.24 Billion |
+3.91% |
| 2021-12-31 | €14.20 Billion ≈ $16.60 Billion |
+3.62% |
| 2020-12-31 | €13.70 Billion ≈ $16.02 Billion |
+4.38% |
| 2019-12-31 | €13.12 Billion ≈ $15.34 Billion |
+6.15% |
| 2018-12-31 | €12.36 Billion ≈ $14.46 Billion |
+4.10% |
| 2017-12-31 | €11.88 Billion ≈ $13.89 Billion |
+2.97% |
| 2016-12-31 | €11.54 Billion ≈ $13.49 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to TTW 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 54.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.53 Billion | 51.23% |
| Other Components | €8.12 Billion | 48.77% |
| Total Equity | €16.66 Billion | 100.00% |
TTW Public Company Limited Competitors by Market Cap
The table below lists competitors of TTW Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CI Com SA
SW:CIE
|
$2.59K |
|
Polyplex (Thailand) Public Company Limited
F:PKW
|
$2.62K |
|
Ordinary Fully Paid Deferred Settlement
AU:IMUDA
|
$2.63K |
|
TTW PCL
STU:F1P
|
$2.69K |
|
Conn's, Inc.
NASDAQ:CONNQ
|
$2.49K |
|
FlexShopper Inc
NASDAQ:FPAY
|
$2.46K |
|
SOL GLOBAL INVESTM. CORP
F:9SB
|
$2.30K |
|
Tali Resources Ltd
AU:TR2
|
$2.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TTW Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,671,219,208 to 16,656,748,374, a change of 985,529,166 (6.3%).
- Net income of 3,266,088,288 contributed positively to equity growth.
- Dividend payments of 2,393,566,967 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.27 Billion | +19.61% |
| Dividends Paid | €2.39 Billion | -14.37% |
| Other Changes | €113.01 Million | +0.68% |
| Total Change | €- | 6.29% |
Book Value vs Market Value Analysis
This analysis compares TTW 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: 0.06x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.97 | €0.24 | x |
| 2018-12-31 | €3.09 | €0.24 | x |
| 2019-12-31 | €3.28 | €0.24 | x |
| 2020-12-31 | €3.42 | €0.24 | x |
| 2021-12-31 | €3.55 | €0.24 | x |
| 2022-12-31 | €3.69 | €0.24 | x |
| 2023-12-31 | €3.82 | €0.24 | x |
| 2024-12-31 | €3.93 | €0.24 | x |
| 2025-12-31 | €4.17 | €0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TTW 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): 19.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.35%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.41x
- Recent ROE (19.61%) is below the historical average (21.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 21.54% | 46.02% | 0.21x | 2.24x | €1.33 Billion |
| 2017 | 22.50% | 47.60% | 0.24x | 1.97x | €1.48 Billion |
| 2018 | 23.06% | 47.96% | 0.25x | 1.89x | €1.61 Billion |
| 2019 | 23.91% | 51.17% | 0.26x | 1.77x | €1.82 Billion |
| 2020 | 21.61% | 47.76% | 0.27x | 1.67x | €1.59 Billion |
| 2021 | 21.93% | 53.46% | 0.26x | 1.59x | €1.69 Billion |
| 2022 | 20.17% | 52.13% | 0.26x | 1.46x | €1.50 Billion |
| 2023 | 19.24% | 50.33% | 0.29x | 1.33x | €1.41 Billion |
| 2024 | 17.81% | 54.75% | 0.25x | 1.29x | €1.22 Billion |
| 2025 | 19.61% | 62.35% | 0.22x | 1.41x | €1.60 Billion |
Industry Comparison
This section compares TTW Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $4,332,549,617
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TTW Public Company Limited (F1P) | €16.70 Billion | 21.54% | 0.41x | $2.54K |
| Kangda International Environmental Company Limited (27K) | $5.74 Billion | 4.11% | 2.30x | $152.95 Million |
| Yunnan Water Investment Co. Limited (2WI) | $6.69 Billion | 7.60% | 3.05x | $4.25 Million |
| Eastern Water Resources Development and Management Public Company Limited (7ES1) | $7.90 Billion | 16.62% | 0.71x | $118.65 Million |
| MEMIONTEC HOLDINGS LTD (8900) | $19.37 Million | 13.17% | 0.97x | $3.34 Million |
| CLEAN TEQ WATER LTD (9NK) | $9.08 Million | -47.15% | 0.64x | $19.02 Million |
| AQUA SA ZY 16 (9S0) | $372.46 Million | 2.68% | 0.31x | $29.09 Million |
| AS Tallinna Vesi (A1T) | $115.52 Million | 24.03% | 1.28x | $226.21 Million |
| American Water Works Company Inc. (AWC) | $7.30 Billion | 17.31% | 2.57x | $22.06 Billion |
| CN EVERBRIGHT WATER HD 1 (BIU2) | $15.03 Billion | 5.60% | 1.54x | $463.60 Million |
| Consolidated Water Co. Ltd (CW2) | $148.20 Million | 5.07% | 0.09x | $510.80 Million |
About TTW Public Company Limited
TTW Public Company Limited, together with its subsidiaries, engages in the production and sale of treated water in Thailand. The company supplies water to the Provincial Waterworks Authority in the Amphur Nakorn Chaisri, Amphur Sam Pran, and Amphur Budha Monthon areas of Nakhon Pathom; and Amphur Muang and Amphur Kratumban areas of Samut Sakhon. It also provides water treatment and maintenance se… Read more