TBC Bank Group PLC (TBCG) - Net Assets
Based on the latest financial reports, TBC Bank Group PLC (TBCG) has net assets worth GBX1.67 Billion GBX (≈ $203.60K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX11.91 Billion ≈ $1.45 Million USD) and total liabilities (GBX10.23 Billion ≈ $1.25 Million 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 TBC Bank Group PLC tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.67 Billion |
| % of Total Assets | 14.05% |
| Annual Growth Rate | 27.66% |
| 5-Year Change | 95.47% |
| 10-Year Change | 371.01% |
| Growth Volatility | 118.8 |
TBC Bank Group PLC - Net Assets Trend (2000–2024)
This chart illustrates how TBC Bank Group PLC's net assets have evolved over time, based on quarterly financial data. See TBCG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TBC Bank Group PLC (2000–2024)
The table below shows the annual net assets of TBC Bank Group PLC from 2000 to 2024. For live valuation and market cap data, see market cap of TBC Bank Group PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.74 Billion ≈ $698.27K |
+19.06% |
| 2023-12-31 | GBX4.82 Billion ≈ $586.48K |
+21.54% |
| 2022-12-31 | GBX3.97 Billion ≈ $482.54K |
+14.82% |
| 2021-12-31 | GBX3.45 Billion ≈ $420.25K |
+17.64% |
| 2020-12-31 | GBX2.94 Billion ≈ $357.22K |
+10.89% |
| 2019-12-31 | GBX2.65 Billion ≈ $322.14K |
+20.02% |
| 2018-12-31 | GBX2.21 Billion ≈ $268.40K |
+16.69% |
| 2017-12-31 | GBX1.89 Billion ≈ $230.01K |
+19.45% |
| 2016-12-31 | GBX1.58 Billion ≈ $192.56K |
+29.89% |
| 2015-12-31 | GBX1.22 Billion ≈ $148.25K |
+19.52% |
| 2014-12-31 | GBX1.02 Billion ≈ $124.04K |
+39.79% |
| 2013-12-31 | GBX729.29 Million ≈ $88.73K |
-77.46% |
| 2012-12-31 | GBX3.24 Billion ≈ $393.72K |
+590.28% |
| 2011-12-31 | GBX468.78 Million ≈ $57.04K |
+24.26% |
| 2010-12-31 | GBX377.27 Million ≈ $45.90K |
+15.46% |
| 2009-12-31 | GBX326.74 Million ≈ $39.76K |
+26.90% |
| 2008-12-31 | GBX257.49 Million ≈ $31.33K |
-17.61% |
| 2007-12-31 | GBX312.51 Million ≈ $38.02K |
+159.10% |
| 2006-12-31 | GBX120.61 Million ≈ $14.68K |
+20.87% |
| 2005-12-31 | GBX99.79 Million ≈ $12.14K |
+62.62% |
| 2004-12-31 | GBX61.36 Million ≈ $7.47K |
+34.45% |
| 2003-12-31 | GBX45.64 Million ≈ $5.55K |
+50.40% |
| 2002-12-31 | GBX30.35 Million ≈ $3.69K |
+45.60% |
| 2001-12-31 | GBX20.84 Million ≈ $2.54K |
+27.52% |
| 2000-12-31 | GBX16.34 Million ≈ $1.99K |
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Equity Component Analysis
This analysis shows how different components contribute to TBC Bank Group PLC'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 58877.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX5.29 Billion | 95.16% |
| Common Stock | GBX1.72 Million | 0.03% |
| Other Comprehensive Income | GBX-77.07 Million | -1.39% |
| Other Components | GBX344.11 Million | 6.19% |
| Total Equity | GBX5.56 Billion | 100.00% |
TBC Bank Group PLC Competitors by Market Cap
The table below lists competitors of TBC Bank Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seafresh Industry Public Company Limited
BK:CFRESH
|
$30.92 Million |
|
ERREDUE S.P.A.
F:Z9H
|
$30.92 Million |
|
Wayi International Digital Entertainment Co
TWO:3086
|
$30.93 Million |
|
Dental Corporation Public Company Limited
BK:D
|
$30.93 Million |
|
Rekah Pharmaceutical Industry Ltd
TA:REKA
|
$30.91 Million |
|
Gome Telecom Equipment Co Ltd
SHG:600898
|
$30.90 Million |
|
Auctus Alternative Investments Ltd
AU:AVC
|
$30.88 Million |
|
Franklin Wireless Corp
NASDAQ:FKWL
|
$30.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TBC Bank Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,683,729,000 to 5,555,500,000, a change of 871,771,000 (18.6%).
- Net income of 1,284,051,000 contributed positively to equity growth.
- Dividend payments of 275,015,000 reduced retained earnings.
- Share repurchases of 70,657,000 reduced equity.
- Other comprehensive income decreased equity by 105,612,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.28 Billion | +23.11% |
| Dividends Paid | GBX275.01 Million | -4.95% |
| Share Repurchases | GBX70.66 Million | -1.27% |
| Other Comprehensive Income | GBX-105.61 Million | -1.9% |
| Other Changes | GBX39.00 Million | +0.7% |
| Total Change | GBX- | 18.61% |
Book Value vs Market Value Analysis
This analysis compares TBC Bank Group PLC'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: 45.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 563.26x to 45.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | GBX8.16 | GBX4596.00 | x |
| 2013-12-31 | GBX14.48 | GBX4596.00 | x |
| 2014-12-31 | GBX20.50 | GBX4596.00 | x |
| 2015-12-31 | GBX24.74 | GBX4596.00 | x |
| 2016-12-31 | GBX22.86 | GBX4596.00 | x |
| 2017-12-31 | GBX35.19 | GBX4596.00 | x |
| 2018-12-31 | GBX40.51 | GBX4596.00 | x |
| 2019-12-31 | GBX47.89 | GBX4596.00 | x |
| 2020-12-31 | GBX53.01 | GBX4596.00 | x |
| 2021-12-31 | GBX61.75 | GBX4596.00 | x |
| 2022-12-31 | GBX70.96 | GBX4596.00 | x |
| 2023-12-31 | GBX85.73 | GBX4596.00 | x |
| 2024-12-31 | GBX100.70 | GBX4596.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TBC Bank Group PLC 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): 23.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.77%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 7.23x
- Recent ROE (23.11%) is above the historical average (20.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 30.64% | 32.42% | 0.08x | 12.38x | GBX65.02 Million |
| 2013 | 17.39% | 21.79% | 0.13x | 6.23x | GBX52.81 Million |
| 2014 | 15.56% | 24.97% | 0.12x | 5.36x | GBX56.24 Million |
| 2015 | 18.07% | 27.01% | 0.12x | 5.73x | GBX97.75 Million |
| 2016 | 19.25% | 31.38% | 0.09x | 6.93x | GBX143.71 Million |
| 2017 | 19.04% | 27.66% | 0.10x | 6.97x | GBX168.29 Million |
| 2018 | 19.75% | 27.42% | 0.10x | 7.05x | GBX214.79 Million |
| 2019 | 20.38% | 29.58% | 0.10x | 6.98x | GBX273.99 Million |
| 2020 | 10.87% | 39.69% | 0.04x | 7.72x | GBX25.31 Million |
| 2021 | 23.51% | 33.48% | 0.10x | 7.19x | GBX460.19 Million |
| 2022 | 25.66% | 31.01% | 0.11x | 7.48x | GBX607.29 Million |
| 2023 | 24.00% | 29.22% | 0.12x | 7.04x | GBX655.81 Million |
| 2024 | 23.11% | 26.77% | 0.12x | 7.23x | GBX728.50 Million |
Industry Comparison
This section compares TBC Bank Group PLC's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $385,734,756,900
- Average return on equity (ROE) among peers: 11.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TBC Bank Group PLC (TBCG) | GBX1.67 Billion | 30.64% | 6.12x | $30.91 Million |
| Arbuthnot Banking Group Plc (ARBB) | $200.88 Million | 3.38% | 15.72x | $1.64 Million |
| Axis Bank Ltd GDR (AXB) | $1.88 Trillion | 14.93% | 7.82x | $440.80 Million |
| Lion Finance Group PLC (BGEO) | $2.73 Billion | 16.02% | 4.55x | $61.17 Million |
| Close Brothers Group plc (CBG) | $114.42 Million | 18.43% | 7.07x | $8.39 Million |
| Halyk Bank of Kazakhstan Joint Stock Company (HSBK) | $1.91 Trillion | 28.97% | 6.49x | $6.48 Billion |
| Lloyds Banking Group PLC (LLOY) | $4.84 Billion | 23.33% | 29.56x | $759.21 Million |
| Manx Financial Group Plc (MFX) | $8.60 Million | 0.00% | 4.73x | $344.07K |
| Metro Bank PLC (MTRO) | $1.18 Billion | 3.59% | 13.86x | $13.85 Million |
| Nationwide Building Society (NBS) | $4.19 Billion | 6.28% | 19.41x | $1.19 Billion |
| NatWest Group PLC (NWG) | $54.15 Billion | -2.94% | 14.06x | $620.70 Million |
About TBC Bank Group PLC
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan. The company operates through Georgian Financial Services; Uzbekistan Operations; and Other Operations segments. It offers banking business solutions, such as deposit and loans; and other financial … Read more