Internet Thailand Public Company Limited
Internet Thailand Public Company Limited, together with its subsidiaries, provides ICT infrastructure services in Thailand. It operates through two segments, Access Business and Business Solutions. The company offers INET data center solutions, including co-location and business continuity planning center; and cloud solutions, such as virtual machine as a service, backup as a service, disaster re… Read more
Internet Thailand Public Company Limited (IE2A) - Net Assets
Latest net assets as of September 2025: €3.49 Billion EUR
Based on the latest financial reports, Internet Thailand Public Company Limited (IE2A) has net assets worth €3.49 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€17.48 Billion) and total liabilities (€13.99 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 | €3.49 Billion |
| % of Total Assets | 19.98% |
| Annual Growth Rate | 12.29% |
| 5-Year Change | 71.7% |
| 10-Year Change | N/A |
| Growth Volatility | 13.76 |
Internet Thailand Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Internet Thailand 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 Internet Thailand Public Company Limited (2016–2024)
The table below shows the annual net assets of Internet Thailand Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.42 Billion | +30.45% |
| 2023-12-31 | €2.62 Billion | +11.64% |
| 2022-12-31 | €2.35 Billion | +8.64% |
| 2021-12-31 | €2.16 Billion | +8.52% |
| 2020-12-31 | €1.99 Billion | +4.99% |
| 2019-12-31 | €1.90 Billion | +4.02% |
| 2018-12-31 | €1.82 Billion | -3.88% |
| 2017-12-31 | €1.90 Billion | +40.20% |
| 2016-12-31 | €1.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Internet Thailand 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 1699.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.51 Billion | 44.16% |
| Other Components | €1.91 Billion | 55.84% |
| Total Equity | €3.41 Billion | 100.00% |
Internet Thailand Public Company Limited Competitors by Market Cap
The table below lists competitors of Internet Thailand Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACTINIUM PHARMAC. DL-001
F:7AY1
|
$29.71 Million |
|
Nusantara Pelabuhan Handal Tbk PT
JK:PORT
|
$29.71 Million |
|
Bhartiya International Limited
NSE:BIL
|
$29.72 Million |
|
Yesil Yatirim Holding AS
IS:YESIL
|
$29.72 Million |
|
PB Bankshares Inc
NASDAQ:PBBK
|
$29.70 Million |
|
Master Style PCL
BK:MASTER
|
$29.69 Million |
|
Yatra Online Inc
NASDAQ:YTRA
|
$29.69 Million |
|
Samyang Tongsang Co. Ltd.
KO:002170
|
$29.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Internet Thailand Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,615,078,559 to 3,412,946,188, a change of 797,867,629 (30.5%).
- Net income of 384,988,794 contributed positively to equity growth.
- Dividend payments of 58,077,562 reduced retained earnings.
- Other factors increased equity by 470,956,397.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €384.99 Million | +11.28% |
| Dividends Paid | €58.08 Million | -1.7% |
| Other Changes | €470.96 Million | +13.8% |
| Total Change | €- | 30.51% |
Book Value vs Market Value Analysis
This analysis compares Internet Thailand 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: 0.01x
- 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 | €3.78 | €0.08 | x |
| 2018-12-31 | €3.64 | €0.08 | x |
| 2019-12-31 | €3.79 | €0.08 | x |
| 2020-12-31 | €3.98 | €0.08 | x |
| 2021-12-31 | €4.32 | €0.08 | x |
| 2022-12-31 | €4.68 | €0.08 | x |
| 2023-12-31 | €5.22 | €0.08 | x |
| 2024-12-31 | €5.72 | €0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Internet Thailand 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): 11.28%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.21%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.68x
- Recent ROE (11.28%) is above the historical average (9.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.24% | 9.84% | 0.33x | 1.91x | €-50.87 Million |
| 2017 | 19.82% | 37.92% | 0.23x | 2.22x | €185.70 Million |
| 2018 | 9.49% | 11.79% | 0.28x | 2.86x | €-9.21 Million |
| 2019 | 8.93% | 8.85% | 0.30x | 3.37x | €-20.18 Million |
| 2020 | 5.15% | 5.58% | 0.25x | 3.66x | €-96.59 Million |
| 2021 | 7.54% | 8.73% | 0.19x | 4.60x | €-53.13 Million |
| 2022 | 5.51% | 6.39% | 0.19x | 4.65x | €-105.08 Million |
| 2023 | 8.97% | 11.23% | 0.16x | 5.02x | €-26.94 Million |
| 2024 | 11.28% | 15.21% | 0.16x | 4.68x | €43.69 Million |
Industry Comparison
This section compares Internet Thailand Public Company Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $20,167,118,044
- Average return on equity (ROE) among peers: -10.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Internet Thailand Public Company Limited (IE2A) | €3.49 Billion | 6.24% | 4.01x | $29.70 Million |
| Econocom Group SE (1E91) | $456.80 Million | 13.97% | 4.48x | $113.55 Million |
| 21Vianet Group Inc (217A) | $6.51 Billion | -40.58% | 3.66x | $2.62 Billion |
| Wavestone SA (2WSA) | $571.39 Million | 10.19% | 0.71x | $366.72 Million |
| audius SE (3ITN) | $21.84 Million | 15.81% | 0.71x | $128.03K |
| NANOSPHERE (3NS) | $744.08K | -186.51% | 2.14x | $392.71K |
| TIS Inc (4HO) | $188.79 Billion | 5.44% | 0.83x | $3.65 Billion |
| Cybertrust Japan Co., Ltd. (5U2) | $4.87 Billion | 10.88% | 0.48x | $31.97 Million |
| Solidx AB (publ) (6OK) | $8.80 Million | 56.05% | 2.44x | $1.86 Million |
| SMART Global Holdings Inc (850) | $378.55 Million | 17.58% | 3.15x | $850.45 Million |
| 8AV0 (8AV0) | $57.49 Million | -12.58% | 0.11x | $20.10 Million |