Thai Union Group Public Company Limited (THYG) - Net Assets
Based on the latest financial reports, Thai Union Group Public Company Limited (THYG) has net assets worth €53.71 Billion EUR (≈ $62.79 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€160.24 Billion ≈ $187.34 Billion USD) and total liabilities (€106.53 Billion ≈ $124.55 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 Thai Union Group Public Company Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €53.71 Billion |
| % of Total Assets | 33.52% |
| Annual Growth Rate | 1.04% |
| 5-Year Change | -16.28% |
| 10-Year Change | N/A |
| Growth Volatility | 18.0 |
Thai Union Group Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Thai Union Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. See THYG days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Thai Union Group Public Company Limited (2016–2025)
The table below shows the annual net assets of Thai Union Group Public Company Limited from 2016 to 2025. For live valuation and market cap data, see THYG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €52.08 Billion ≈ $60.89 Billion |
-7.51% |
| 2024-12-31 | €56.31 Billion ≈ $65.84 Billion |
-14.70% |
| 2023-12-31 | €66.02 Billion ≈ $77.18 Billion |
-25.09% |
| 2022-12-31 | €88.13 Billion ≈ $103.03 Billion |
+41.66% |
| 2021-12-31 | €62.21 Billion ≈ $72.73 Billion |
+11.62% |
| 2020-12-31 | €55.74 Billion ≈ $65.16 Billion |
+7.61% |
| 2019-12-31 | €51.79 Billion ≈ $60.55 Billion |
+11.40% |
| 2018-12-31 | €46.49 Billion ≈ $54.36 Billion |
-3.59% |
| 2017-12-31 | €48.23 Billion ≈ $56.38 Billion |
+1.67% |
| 2016-12-31 | €47.44 Billion ≈ $55.46 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Union Group 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 decreased by 42.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €15.31 Billion | 34.25% |
| Other Components | €29.39 Billion | 65.75% |
| Total Equity | €44.70 Billion | 100.00% |
Thai Union Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Union Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Construction JSC 47
VN:C47
|
$3.27K |
|
PTT OIL+RET.BUS.-FOR-BA10
F:7F8
|
$3.30K |
|
Holdco Nuvo Group D.G Ltd. Ordinary Shares
NYSE MKT:NUVO
|
$3.33K |
|
American Hotel Income Properties LP
TO:HOT-U
|
$3.46K |
|
Binh Duong Construction & Civil Engineering JSC
VN:BCE
|
$3.21K |
|
Chicken Soup for the Soul Entertainment, Inc.
NASDAQ:CSSEQ
|
$3.20K |
|
Weiss Korea Opportunity Fund
LSE:WKOF
|
$2.97K |
|
Ordinary Fully Paid Deferred Settlement
AU:IXRDB
|
$2.91K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Union Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,635,023,000 to 44,704,099,000, a change of -3,930,924,000 (-8.1%).
- Net income of 4,609,416,000 contributed positively to equity growth.
- Dividend payments of 2,794,557,000 reduced retained earnings.
- Share repurchases of 4,310,371,000 reduced equity.
- Other factors decreased equity by 1,435,412,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.61 Billion | +10.31% |
| Dividends Paid | €2.79 Billion | -6.25% |
| Share Repurchases | €4.31 Billion | -9.64% |
| Other Changes | €-1.44 Billion | -3.21% |
| Total Change | €- | -8.08% |
Book Value vs Market Value Analysis
This analysis compares Thai Union Group 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 | €9.32 | €0.29 | x |
| 2018-12-31 | €9.06 | €0.29 | x |
| 2019-12-31 | €10.15 | €0.29 | x |
| 2020-12-31 | €11.21 | €0.29 | x |
| 2021-12-31 | €12.74 | €0.29 | x |
| 2022-12-31 | €17.32 | €0.29 | x |
| 2023-12-31 | €13.16 | €0.29 | x |
| 2024-12-31 | €11.43 | €0.29 | x |
| 2025-12-31 | €11.60 | €0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Union Group 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): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.47%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 3.54x
- Recent ROE (10.31%) is above the historical average (7.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.15% | 3.91% | 0.94x | 3.29x | €930.16 Million |
| 2017 | 13.54% | 4.41% | 0.93x | 3.29x | €1.57 Billion |
| 2018 | 7.53% | 2.44% | 0.94x | 3.28x | €-1.07 Billion |
| 2019 | 7.88% | 3.02% | 0.89x | 2.93x | €-1.03 Billion |
| 2020 | 11.97% | 4.72% | 0.92x | 2.77x | €1.03 Billion |
| 2021 | 13.51% | 5.68% | 0.85x | 2.81x | €2.08 Billion |
| 2022 | 8.85% | 4.59% | 0.85x | 2.26x | €-926.22 Million |
| 2023 | -23.77% | -10.23% | 0.82x | 2.82x | €-19.80 Billion |
| 2024 | 10.25% | 3.60% | 0.89x | 3.19x | €121.39 Million |
| 2025 | 10.31% | 3.47% | 0.84x | 3.54x | €139.01 Million |
Industry Comparison
This section compares Thai Union Group 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: $81,264,643,003
- Average return on equity (ROE) among peers: -5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Union Group Public Company Limited (THYG) | €53.71 Billion | 12.15% | 1.98x | $3.22K |
| COFCO Joycome Foods Limited (0M7) | $4.95 Billion | 8.99% | 0.80x | $573.18 Million |
| Nomad Foods Limited (0NH) | $2.30 Billion | 7.87% | 1.68x | $1.18 Billion |
| DaChan Food (Asia) Limited (3DS) | $2.01 Billion | 6.64% | 1.01x | $69.71 Million |
| JATCORP LTD. (3J2) | $10.44 Million | -42.89% | 1.52x | $6.83 Million |
| MEIJI HLD.UN.ADR 1/4 O.N. (3M00) | $787.79 Billion | 6.43% | 0.53x | $5.80 Billion |
| PSYCHED WELLNESS LTD (5U9) | $7.44 Million | -57.28% | 0.06x | $1.83 Million |
| BOOSH PLANT-BASED BRANDS (77I) | $-178.46K | 0.00% | 0.00x | $101.47K |
| ELEMENT NUTR.SCIENCES (93X) | $-8.47 Million | 0.00% | 0.00x | $2.06 Million |
| Danone SA (BSND) | $16.30 Billion | 12.00% | 1.62x | $39.05 Billion |
| China Yurun Food Group Limited (C7Y) | $-707.60 Million | 0.00% | 0.00x | $12.79 Million |
About Thai Union Group Public Company Limited
Thai Union Group Public Company Limited, together with its subsidiaries, manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally. The company operates through four segments: Ambient Seafood; Frozen and Chilled Seafood and Related Businesses; Pet food; and Value-Added and Other Businesses. It provides ambient seafood products, including tuna, sardines, mackerel, … Read more