Krungthai Card Public Company Limited
Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand. It also involved in the merchant acquiring, payment services, provincial retail lending business, occupational retail lending business, e-money business, and hire purchase and leasing business. Krungthai Card Public Company Limited was incorporated in 1996 and is headquartere… Read more
Krungthai Card Public Company Limited (KGTHY) - Net Assets
Latest net assets as of December 2025: $44.04 Billion USD
Based on the latest financial reports, Krungthai Card Public Company Limited (KGTHY) has net assets worth $44.04 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 ($110.58 Billion) and total liabilities ($66.54 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 | $44.04 Billion |
| % of Total Assets | 39.83% |
| Annual Growth Rate | 15.65% |
| 5-Year Change | 62.6% |
| 10-Year Change | 326.67% |
| Growth Volatility | 42.32 |
Krungthai Card Public Company Limited - Net Assets Trend (2002–2025)
This chart illustrates how Krungthai Card 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 Krungthai Card Public Company Limited (2002–2025)
The table below shows the annual net assets of Krungthai Card Public Company Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $44.04 Billion | +10.38% |
| 2024-12-31 | $39.90 Billion | +11.31% |
| 2023-12-31 | $35.85 Billion | +13.52% |
| 2022-12-31 | $31.58 Billion | +16.58% |
| 2021-12-31 | $27.08 Billion | +18.53% |
| 2020-12-31 | $22.85 Billion | +15.79% |
| 2019-12-31 | $19.74 Billion | +20.69% |
| 2018-12-31 | $16.35 Billion | +30.01% |
| 2017-12-31 | $12.58 Billion | +21.85% |
| 2016-12-31 | $10.32 Billion | +18.20% |
| 2015-12-31 | $8.73 Billion | +18.53% |
| 2014-12-31 | $7.37 Billion | +20.22% |
| 2013-12-31 | $6.13 Billion | +18.06% |
| 2012-12-31 | $5.19 Billion | +6.77% |
| 2011-12-31 | $4.86 Billion | -25.65% |
| 2010-12-31 | $6.54 Billion | +4.35% |
| 2009-12-31 | $6.27 Billion | -5.93% |
| 2008-12-31 | $6.66 Billion | +11.93% |
| 2007-12-31 | $5.95 Billion | +4.67% |
| 2006-12-31 | $5.69 Billion | +1.01% |
| 2005-12-31 | $5.63 Billion | +6.73% |
| 2004-12-31 | $5.27 Billion | +8.89% |
| 2003-12-31 | $4.84 Billion | +211.58% |
| 2002-12-31 | $1.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Krungthai Card 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 25246.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $39.44 Billion | 89.29% |
| Common Stock | $2.58 Billion | 5.84% |
| Other Comprehensive Income | $257.96 Million | 0.58% |
| Other Components | $1.89 Billion | 4.28% |
| Total Equity | $44.17 Billion | 100.00% |
Krungthai Card Public Company Limited Competitors by Market Cap
The table below lists competitors of Krungthai Card Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S.P.E.E.H Hidroelectrica S.A.
RO:H2O
|
$2.67 Billion |
|
NOBA Bank
ST:NOBA
|
$2.67 Billion |
|
Remitly Global Inc
NASDAQ:RELY
|
$2.67 Billion |
|
Torex Gold Resources Inc
PINK:TORXF
|
$2.67 Billion |
|
All Winner Technology Co Ltd
SHE:300458
|
$2.67 Billion |
|
GCL-Poly Energy Holdings Limited
PINK:GCPEF
|
$2.67 Billion |
|
CI Financial Corp.
PINK:CIXXF
|
$2.66 Billion |
|
Beijing Tongrentang Co Ltd
SHG:600085
|
$2.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Krungthai Card Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,810,283,671 to 44,172,479,000, a change of 4,362,195,329 (11.0%).
- Net income of 7,488,400,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 423,571,594.
- Other factors decreased equity by 2,702,633,077.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.49 Billion | +16.95% |
| Other Comprehensive Income | $-423.57 Million | -0.96% |
| Other Changes | $-2.70 Billion | -6.12% |
| Total Change | $- | 10.96% |
Book Value vs Market Value Analysis
This analysis compares Krungthai Card 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: 0.08x
- 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.
- The price-to-book ratio has decreased from 2.13x to 0.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.22 | $13.26 | x |
| 2003-12-31 | $19.38 | $13.26 | x |
| 2004-12-31 | $20.65 | $13.26 | x |
| 2005-12-31 | $21.94 | $13.26 | x |
| 2006-12-31 | $22.09 | $13.26 | x |
| 2007-12-31 | $23.10 | $13.26 | x |
| 2008-12-31 | $25.83 | $13.26 | x |
| 2009-12-31 | $24.30 | $13.26 | x |
| 2010-12-31 | $25.36 | $13.26 | x |
| 2011-12-31 | $18.86 | $13.26 | x |
| 2012-12-31 | $20.13 | $13.26 | x |
| 2013-12-31 | $23.77 | $13.26 | x |
| 2014-12-31 | $28.58 | $13.26 | x |
| 2015-12-31 | $33.87 | $13.26 | x |
| 2016-12-31 | $40.03 | $13.26 | x |
| 2017-12-31 | $48.78 | $13.26 | x |
| 2018-12-31 | $63.42 | $13.26 | x |
| 2019-12-31 | $76.44 | $13.26 | x |
| 2020-12-31 | $88.43 | $13.26 | x |
| 2021-12-31 | $104.08 | $13.26 | x |
| 2022-12-31 | $121.60 | $13.26 | x |
| 2023-12-31 | $138.41 | $13.26 | x |
| 2024-12-31 | $154.16 | $13.26 | x |
| 2025-12-31 | $172.04 | $13.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Krungthai Card 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): 16.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.89%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.50x
- Recent ROE (16.95%) is above the historical average (13.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 9.09% | 10.91% | 0.14x | 5.96x | $-14.16 Million |
| 2003 | 7.28% | 154.73% | 0.02x | 2.94x | $-131.52 Million |
| 2004 | 10.80% | 171.53% | 0.01x | 4.31x | $42.12 Million |
| 2005 | 11.60% | 97.24% | 0.02x | 5.26x | $89.80 Million |
| 2006 | 7.72% | 5.61% | 0.19x | 7.33x | $-129.84 Million |
| 2007 | 8.75% | 5.05% | 0.22x | 7.72x | $-74.18 Million |
| 2008 | 9.26% | 5.40% | 0.22x | 7.87x | $-49.39 Million |
| 2009 | -6.30% | -3.40% | 0.23x | 7.95x | $-1.02 Billion |
| 2010 | 3.43% | 2.02% | 0.23x | 7.42x | $-429.75 Million |
| 2011 | -33.35% | -13.92% | 0.25x | 9.76x | $-2.11 Billion |
| 2012 | 4.91% | 2.23% | 0.23x | 9.47x | $-264.12 Million |
| 2013 | 20.93% | 10.78% | 0.23x | 8.47x | $669.78 Million |
| 2014 | 23.82% | 13.96% | 0.23x | 7.40x | $1.02 Billion |
| 2015 | 23.73% | 15.33% | 0.22x | 6.89x | $1.20 Billion |
| 2016 | 24.17% | 16.43% | 0.22x | 6.62x | $1.46 Billion |
| 2017 | 26.27% | 19.82% | 0.23x | 5.85x | $2.05 Billion |
| 2018 | 31.43% | 28.78% | 0.22x | 4.87x | $3.50 Billion |
| 2019 | 28.03% | 28.88% | 0.22x | 4.33x | $3.55 Billion |
| 2020 | 23.39% | 27.71% | 0.22x | 3.88x | $3.05 Billion |
| 2021 | 21.91% | 32.34% | 0.20x | 3.33x | $3.20 Billion |
| 2022 | 22.58% | 35.74% | 0.19x | 3.25x | $3.94 Billion |
| 2023 | 20.45% | 32.91% | 0.20x | 3.16x | $3.73 Billion |
| 2024 | 18.68% | 31.86% | 0.21x | 2.79x | $3.46 Billion |
| 2025 | 16.95% | 32.89% | 0.21x | 2.50x | $3.07 Billion |
Industry Comparison
This section compares Krungthai Card Public Company Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $53,145,153,302
- Average return on equity (ROE) among peers: -26.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Krungthai Card Public Company Limited (KGTHY) | $44.04 Billion | 9.09% | 1.51x | $2.67 Billion |
| Accord Financial Corp (ACCFF) | $21.70 Million | 19.82% | 0.65x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $12.41 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $134.44 Million | 12.11% | 24.42x | $1.44 Billion |
| Aiful Corp (AIFLF) | $201.41 Billion | 10.83% | 5.29x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $725.64 Million | -41.91% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $36.76 Million | -14.00% | 0.54x | $2.57 Million |
| Ally Financial Inc (ALLY) | $19.28 Billion | -0.81% | 8.55x | $10.41 Billion |
| Alpha Investment Inc (ALPC) | $607.43K | -264.75% | 4.98x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $46.38 Million | 9.47% | 26.05x | $14.87 Million |