Tipco Asphalt Public Company Limited (TPY1) - Net Assets
Based on the latest financial reports, Tipco Asphalt Public Company Limited (TPY1) has net assets worth €13.87 Billion EUR (≈ $16.21 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 (€22.02 Billion ≈ $25.74 Billion USD) and total liabilities (€8.15 Billion ≈ $9.53 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 asset allocation strategy of Tipco Asphalt Public Company Limited to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.87 Billion |
| % of Total Assets | 62.98% |
| Annual Growth Rate | 1.37% |
| 5-Year Change | -12.99% |
| 10-Year Change | N/A |
| Growth Volatility | 7.28 |
Tipco Asphalt Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Tipco Asphalt Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tipco Asphalt Public Company Limited (TPY1) market capitalisation.
Annual Net Assets for Tipco Asphalt Public Company Limited (2016–2025)
The table below shows the annual net assets of Tipco Asphalt Public Company Limited from 2016 to 2025. Also explore Tipco Asphalt Public Company Limited equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €13.87 Billion ≈ $16.21 Billion |
-13.83% |
| 2024-12-31 | €16.09 Billion ≈ $18.81 Billion |
-4.79% |
| 2023-12-31 | €16.90 Billion ≈ $19.76 Billion |
+0.65% |
| 2022-12-31 | €16.79 Billion ≈ $19.63 Billion |
+5.36% |
| 2021-12-31 | €15.94 Billion ≈ $18.63 Billion |
+6.10% |
| 2020-12-31 | €15.02 Billion ≈ $17.56 Billion |
+10.62% |
| 2019-12-31 | €13.58 Billion ≈ $15.87 Billion |
+8.31% |
| 2018-12-31 | €12.54 Billion ≈ $14.66 Billion |
-3.03% |
| 2017-12-31 | €12.93 Billion ≈ $15.12 Billion |
+5.42% |
| 2016-12-31 | €12.27 Billion ≈ $14.34 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 25.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €12.60 Billion | 91.94% |
| Other Components | €1.10 Billion | 8.06% |
| Total Equity | €13.70 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 |
|---|---|
|
iSun, Inc.
NASDAQ:ISUNQ
|
$4.74K |
|
Fair Oaks Income Limited
LSE:FA17
|
$4.77K |
|
ENERGEIA AS NK 60
F:F62
|
$4.82K |
|
Seneca Growth Capital VCT PLC
LSE:HYG
|
$4.94K |
|
Somboon Advance Technology PCL F
F:PSQ
|
$4.55K |
|
Ellies
JSE:ELI
|
$4.28K |
|
Gujarat Raffia Industries Limited
NSE:GUJRAFFIA
|
$4.27K |
|
NEW FRONTIER VENT. INC.
F:S1O
|
$4.18K |
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 2024 to 2025, total equity changed from 15,878,248,001 to 13,704,527,499, a change of -2,173,720,502 (-13.7%).
- Net income of 1,136,572,093 contributed positively to equity growth.
- Dividend payments of 2,682,198,666 reduced retained earnings.
- Other factors decreased equity by 628,093,929.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.14 Billion | +8.29% |
| Dividends Paid | €2.68 Billion | -19.57% |
| Other Changes | €-628.09 Million | -4.58% |
| Total Change | €- | -13.69% |
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: 0.05x
- 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 | €0.42 | x |
| 2018-12-31 | €7.87 | €0.42 | x |
| 2019-12-31 | €8.50 | €0.42 | x |
| 2020-12-31 | €9.40 | €0.42 | x |
| 2021-12-31 | €9.74 | €0.42 | x |
| 2022-12-31 | €10.28 | €0.42 | x |
| 2023-12-31 | €10.35 | €0.42 | x |
| 2024-12-31 | €10.06 | €0.42 | x |
| 2025-12-31 | €8.68 | €0.42 | 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): 8.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 1.61x
- Recent ROE (8.29%) is below the historical average (15.78%), 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 |
| 2025 | 8.29% | 4.22% | 1.22x | 1.61x | €-233.88 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: $44,127,878,607
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tipco Asphalt Public Company Limited (TPY1) | €13.87 Billion | 25.59% | 0.59x | $4.65K |
| Asia Cement (China) Holdings Corporation (4OJ) | $16.53 Billion | 16.14% | 0.31x | $337.05 Million |
| TECNOGLASS INC. DL-0001 (7FH) | $244.70 Million | 27.85% | 1.42x | $1.72 Billion |
| ROCCA SA ZY -05 (82J) | $1.66 Million | -14.09% | 0.85x | $5.26 Million |
| Loma Negra Compañía Industrial Argentina Sociedad Anónima (8LN) | $72.51 Billion | 9.08% | 0.45x | $1.08 Billion |
| BBMG Corporation (9BM) | $69.92 Billion | 4.06% | 2.32x | $158.59 Million |
| Anhui Conch Cement Company Limited (AQE) | $197.97 Billion | 5.27% | 0.24x | $2.60 Billion |
| Cemex SAB de CV ADR (CEXA) | $8.95 Billion | -16.39% | 2.06x | $14.44 Billion |
| China National Building Material Company Limited (D1Y) | $73.49 Billion | 1.83% | 3.49x | $1.53 Billion |
| Cementos Pacasmayo S.A.A (EPCC) | $1.42 Billion | 9.29% | 1.06x | $916.15 Million |
| Pilkington Deutschland AG (FDD) | $238.95 Million | -8.19% | 1.49x | $693.86 Million |
About Tipco Asphalt Public Company Limited
Tipco Asphalt Public Company Limited, together with its subsidiaries, manufactures and distributes 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; marine logistics; and construction services re… Read more