Tipco Asphalt Public Company Limited
Tipco Asphalt Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally. It operates through Manufacturing and Trading; and Construction Business segments. The company engages in manufacturing and trading of asphalt, petroleum oil, and asphalt concrete products. It is also involved in the r… Read more
Tipco Asphalt Public Company Limited (TPY1) - Net Assets
Latest net assets as of September 2025: €15.24 Billion EUR
Based on the latest financial reports, Tipco Asphalt Public Company Limited (TPY1) has net assets worth €15.24 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 (€23.50 Billion) and total liabilities (€8.25 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 | €15.24 Billion |
| % of Total Assets | 64.88% |
| Annual Growth Rate | 3.45% |
| 5-Year Change | 7.14% |
| 10-Year Change | N/A |
| Growth Volatility | 5.09 |
Tipco Asphalt Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Tipco Asphalt 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 Tipco Asphalt Public Company Limited (2016–2024)
The table below shows the annual net assets of Tipco Asphalt Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €16.09 Billion | -4.79% |
| 2023-12-31 | €16.90 Billion | +0.65% |
| 2022-12-31 | €16.79 Billion | +5.36% |
| 2021-12-31 | €15.94 Billion | +6.10% |
| 2020-12-31 | €15.02 Billion | +10.62% |
| 2019-12-31 | €13.58 Billion | +8.31% |
| 2018-12-31 | €12.54 Billion | -3.03% |
| 2017-12-31 | €12.93 Billion | +5.42% |
| 2016-12-31 | €12.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tipco Asphalt 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 40.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €14.16 Billion | 89.17% |
| Other Components | €1.72 Billion | 10.83% |
| Total Equity | €15.88 Billion | 100.00% |
Tipco Asphalt Public Company Limited Competitors by Market Cap
The table below lists competitors of Tipco Asphalt Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Huijintong Power
SHG:603577
|
$218.98 Million |
|
Limoneira Co
NASDAQ:LMNR
|
$219.02 Million |
|
Junhe Pumps Holding Co Ltd
SHG:603617
|
$219.09 Million |
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$219.11 Million |
|
PAKUWON JATI RP 25
F:P04
|
$218.87 Million |
|
Síminn hf
IC:SIMINN
|
$218.79 Million |
|
Neuromeka Co.Ltd.
KQ:348340
|
$218.74 Million |
|
Minfeng Special Paper Co Ltd
SHG:600235
|
$218.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tipco Asphalt Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,337,168,412 to 15,878,248,001, a change of -458,920,411 (-2.8%).
- Net income of 1,417,148,281 contributed positively to equity growth.
- Dividend payments of 1,578,180,549 reduced retained earnings.
- Other factors decreased equity by 297,888,143.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.42 Billion | +8.93% |
| Dividends Paid | €1.58 Billion | -9.94% |
| Other Changes | €-297.89 Million | -1.88% |
| Total Change | €- | -2.81% |
Book Value vs Market Value Analysis
This analysis compares Tipco Asphalt 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: 0.03x
- 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 | €8.19 | €0.32 | x |
| 2018-12-31 | €7.87 | €0.32 | x |
| 2019-12-31 | €8.50 | €0.32 | x |
| 2020-12-31 | €9.40 | €0.32 | x |
| 2021-12-31 | €9.74 | €0.32 | x |
| 2022-12-31 | €10.28 | €0.32 | x |
| 2023-12-31 | €10.35 | €0.32 | x |
| 2024-12-31 | €10.06 | €0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tipco Asphalt 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): 8.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.07%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.50x
- Recent ROE (8.93%) is below the historical average (16.61%), 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 | 25.59% | 12.94% | 1.23x | 1.60x | €1.89 Billion |
| 2017 | 19.82% | 8.98% | 1.45x | 1.52x | €1.26 Billion |
| 2018 | 4.56% | 2.04% | 1.14x | 1.96x | €-673.75 Million |
| 2019 | 23.30% | 8.47% | 1.46x | 1.88x | €1.78 Billion |
| 2020 | 24.21% | 13.73% | 1.23x | 1.44x | €2.11 Billion |
| 2021 | 14.44% | 8.21% | 1.09x | 1.61x | €682.92 Million |
| 2022 | 14.58% | 7.09% | 1.27x | 1.62x | €743.24 Million |
| 2023 | 14.11% | 7.41% | 1.31x | 1.45x | €671.80 Million |
| 2024 | 8.93% | 5.07% | 1.18x | 1.50x | €-170.68 Million |
Industry Comparison
This section compares Tipco Asphalt Public Company Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $357,059,965,486
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tipco Asphalt Public Company Limited (TPY1) | €15.24 Billion | 25.59% | 0.54x | $218.88 Million |
| PT Semen Baturaja (Persero) Tbk (15B) | $3.09 Trillion | 3.07% | 0.69x | $8.60 Million |
| Loma Negra Compañía Industrial Argentina Sociedad Anónima (8LN) | $294.22 Billion | 7.63% | 1.17x | $1.26 Billion |
| BBMG Corporation (9BM) | $94.46 Billion | 3.01% | 2.08x | $438.95 Million |
| China National Building Material Company Limited (D1Y) | $66.98 Billion | 8.91% | 3.73x | $2.28 Billion |
| Cementos Pacasmayo S.A.A (EPCC) | $1.20 Billion | 14.80% | 1.77x | $786.60 Million |
| Pilkington Deutschland AG (FDD) | $238.95 Million | 8.91% | 0.97x | $27.60 Million |
| Heidelberg Materials AG (HEI) | $12.58 Billion | 5.92% | 1.14x | $21.89 Billion |
| Amrize AG (J0J) | $9.20 Billion | 10.39% | 1.50x | $24.26 Billion |
| Luks Group (Vietnam Holdings) Company Limited (LU4) | $2.27 Billion | 4.08% | 0.21x | $21.96 Million |
| Caltagirone SpA (QCG) | $2.54 Billion | 4.38% | 0.53x | $141.05 Million |