Internet Thailand Public Company Limited (IE2A) - Net Assets
Based on the latest financial reports, Internet Thailand Public Company Limited (IE2A) has net assets worth €3.58 Billion EUR (≈ $4.19 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 (€19.98 Billion ≈ $23.36 Billion USD) and total liabilities (€16.40 Billion ≈ $19.18 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. Check how tangible is Internet Thailand Public Company Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.58 Billion |
| % of Total Assets | 17.93% |
| Annual Growth Rate | 11.43% |
| 5-Year Change | 65.83% |
| 10-Year Change | N/A |
| Growth Volatility | 13.23 |
Internet Thailand Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Internet Thailand Public Company Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Internet Thailand Public Company Limited fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Internet Thailand Public Company Limited (2016–2025)
The table below shows the annual net assets of Internet Thailand Public Company Limited from 2016 to 2025. For live valuation and market cap data, see Internet Thailand Public Company Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.58 Billion ≈ $4.19 Billion |
+4.81% |
| 2024-12-31 | €3.42 Billion ≈ $4.00 Billion |
+30.45% |
| 2023-12-31 | €2.62 Billion ≈ $3.06 Billion |
+11.64% |
| 2022-12-31 | €2.35 Billion ≈ $2.74 Billion |
+8.64% |
| 2021-12-31 | €2.16 Billion ≈ $2.53 Billion |
+8.52% |
| 2020-12-31 | €1.99 Billion ≈ $2.33 Billion |
+4.99% |
| 2019-12-31 | €1.90 Billion ≈ $2.22 Billion |
+4.02% |
| 2018-12-31 | €1.82 Billion ≈ $2.13 Billion |
-3.88% |
| 2017-12-31 | €1.90 Billion ≈ $2.22 Billion |
+40.20% |
| 2016-12-31 | €1.35 Billion ≈ $1.58 Billion |
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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 1893.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.67 Billion | 46.72% |
| Other Components | €1.90 Billion | 53.28% |
| Total Equity | €3.57 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 |
|---|---|
|
China Harmony Auto Holding Ltd
STU:HA5
|
$1.12K |
|
Ordinary Fully Paid Deferred Settlement
AU:MKLDB
|
$1.16K |
|
Nukkleus Inc
NASDAQ:NUKKW
|
$1.16K |
|
Ordinary Fully Paid Deferred Settlement
AU:TX3DA
|
$1.18K |
|
WARABA GOLD LTD.
F:ZE0
|
$1.05K |
|
Harrison Global Holdings Inc.
NASDAQ:BLMZF
|
$1.02K |
|
Effector Therapeutics Inc
NASDAQ:EFTR
|
$940.00 |
|
Carzo Holdings Bhd
KLSE:03048
|
$937.07 |
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 2024 to 2025, total equity changed from 3,412,946,188 to 3,574,353,321, a change of 161,407,133 (4.7%).
- Net income of 241,679,135 contributed positively to equity growth.
- Dividend payments of 70,844,348 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €241.68 Million | +6.76% |
| Dividends Paid | €70.84 Million | -1.98% |
| Other Changes | €-9.43 Million | -0.26% |
| Total Change | €- | 4.73% |
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: 0.02x
- 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 | €0.10 | x |
| 2018-12-31 | €3.64 | €0.10 | x |
| 2019-12-31 | €3.79 | €0.10 | x |
| 2020-12-31 | €3.98 | €0.10 | x |
| 2021-12-31 | €4.32 | €0.10 | x |
| 2022-12-31 | €4.68 | €0.10 | x |
| 2023-12-31 | €5.22 | €0.10 | x |
| 2024-12-31 | €5.72 | €0.10 | x |
| 2025-12-31 | €5.99 | €0.10 | 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): 6.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.69%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 5.59x
- Recent ROE (6.76%) is below the historical average (8.97%), 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 | 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 |
| 2025 | 6.76% | 7.69% | 0.16x | 5.59x | €-115.76 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: $264,160,772
- Average return on equity (ROE) among peers: -7.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Internet Thailand Public Company Limited (IE2A) | €3.58 Billion | 6.24% | 4.58x | $1.10K |
| CLPS INC. DL-0001 (1UK) | $67.80 Million | 6.57% | 0.50x | $22.08 Million |
| Globant SA (2G2) | $160.19 Million | 19.76% | 0.39x | $1.50 Billion |
| Solutions 30 SE (30L3) | $108.10 Million | -14.62% | 5.56x | $64.24 Million |
| Genpact Limited (35G) | $1.83 Billion | 16.81% | 1.66x | $4.90 Billion |
| NANOSPHERE (3NS) | $-1.44 Million | 0.00% | 0.00x | $1.14 Million |
| BIT MINING C.A SP.ADR 100 (50C0) | $25.13 Million | -114.24% | 1.89x | $13.76 Million |
| WISE PLC SPONS.ADR/1 (6WS0) | $409.20 Million | 8.04% | 17.49x | $9.95 Billion |
| GS TECHS LTD (DI) (6Y3) | $8.45 Million | -25.99% | 4.57x | $1.16 Million |
| CPT GLOBAL LTD (714) | $5.63 Million | 26.15% | 1.60x | $1.80 Million |
| PASSUS S.A. ZY-1 (71X) | $24.32 Million | 6.67% | 2.00x | $44.40 Million |
About Internet Thailand Public Company Limited
Internet Thailand Public Company Limited, together with its subsidiaries, provides information and communication technology (ICT) infrastructure services primarily in Thailand. It operates in 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 machin… Read more