Thai Airways International Public Company Limited
Thai Airways International Public Company Limited, together with its subsidiaries, engages in the airline business and business units related directly with transportation in Thailand and internationally. It operates through three segments: Air Transportation Activities, Business Units, and Other Activities. The Air Transportation Activities segment provides passenger, freight, and mail services. … Read more
Thai Airways International Public Company Limited (TAWNF) - Net Assets
Latest net assets as of September 2025: $2.22 Billion USD
Based on the latest financial reports, Thai Airways International Public Company Limited (TAWNF) has net assets worth $2.22 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.23 Billion) and total liabilities ($7.01 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 | $2.22 Billion |
| % of Total Assets | 24.01% |
| Annual Growth Rate | 1.11% |
| 5-Year Change | N/A |
| 10-Year Change | 38.46% |
| Growth Volatility | 282.15 |
Thai Airways International Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Thai Airways International 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 Thai Airways International Public Company Limited (2003–2024)
The table below shows the annual net assets of Thai Airways International Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $45.59 Billion | +205.67% |
| 2023-12-31 | $-43.14 Billion | +39.26% |
| 2022-12-31 | $-71.02 Billion | +0.32% |
| 2021-12-31 | $-71.25 Billion | +44.62% |
| 2020-12-31 | $-128.66 Billion | -1193.56% |
| 2019-12-31 | $11.77 Billion | -42.48% |
| 2018-12-31 | $20.46 Billion | -36.10% |
| 2017-12-31 | $32.01 Billion | -4.69% |
| 2016-12-31 | $33.59 Billion | +2.01% |
| 2015-12-31 | $32.93 Billion | -20.27% |
| 2014-12-31 | $41.30 Billion | -27.45% |
| 2013-12-31 | $56.92 Billion | -18.48% |
| 2012-12-31 | $69.82 Billion | +10.06% |
| 2011-12-31 | $63.44 Billion | -23.49% |
| 2010-12-31 | $82.91 Billion | +55.72% |
| 2009-12-31 | $53.24 Billion | +16.05% |
| 2008-12-31 | $45.88 Billion | -52.05% |
| 2007-12-31 | $95.69 Billion | +45.68% |
| 2006-12-31 | $65.68 Billion | +10.93% |
| 2005-12-31 | $59.21 Billion | +9.00% |
| 2004-12-31 | $54.32 Billion | +50.18% |
| 2003-12-31 | $36.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Airways International 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 719.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $283.03 Billion | 621.91% |
| Total Equity | $45.51 Billion | 100.00% |
Thai Airways International Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Airways International Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Yingtong Telecommunication Cable Co Ltd
SHE:002861
|
$259.20 Million |
|
Perspective Therapeutics Inc.
NYSE MKT:CATX
|
$259.26 Million |
|
SNTEnergy Co Ltd
KO:100840
|
$259.40 Million |
|
Cosmo Chem
KO:005420
|
$259.43 Million |
|
Shandong Astro-century Education&Technology Co Ltd
SHE:300654
|
$259.11 Million |
|
Changzhou Kaidi Electrical Inc
SHG:605288
|
$259.10 Million |
|
Dexco S.A.
SA:DXCO3
|
$259.08 Million |
|
BOROSIL RENEWABLES LIMITED
NSE:BORORENEW
|
$259.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Airways International Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -43,213,883,951 to 45,510,074,000, a change of 88,723,957,951.
- Net loss of 26,933,664,000 reduced equity.
- New share issuances of 22,987,208,707 increased equity.
- Other comprehensive income decreased equity by 8,975,379,114.
- Other factors increased equity by 101,645,792,358.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-26.93 Billion | -59.18% |
| Share Issuances | $22.99 Billion | +50.51% |
| Other Comprehensive Income | $-8.98 Billion | -19.72% |
| Other Changes | $101.65 Billion | +223.35% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Thai Airways International 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: 0.00x
- 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 |
|---|---|---|---|
| 2003-12-31 | $25.73 | $0.03 | x |
| 2004-12-31 | $31.94 | $0.03 | x |
| 2005-12-31 | $34.81 | $0.03 | x |
| 2006-12-31 | $38.52 | $0.03 | x |
| 2007-12-31 | $39.88 | $0.03 | x |
| 2008-12-31 | $26.84 | $0.03 | x |
| 2009-12-31 | $31.17 | $0.03 | x |
| 2010-12-31 | $45.14 | $0.03 | x |
| 2011-12-31 | $28.94 | $0.03 | x |
| 2012-12-31 | $31.57 | $0.03 | x |
| 2013-12-31 | $26.04 | $0.03 | x |
| 2014-12-31 | $18.88 | $0.03 | x |
| 2015-12-31 | $15.05 | $0.03 | x |
| 2016-12-31 | $15.35 | $0.03 | x |
| 2017-12-31 | $14.62 | $0.03 | x |
| 2018-12-31 | $9.31 | $0.03 | x |
| 2019-12-31 | $5.34 | $0.03 | x |
| 2020-12-31 | $-58.98 | $0.03 | x |
| 2021-12-31 | $-32.68 | $0.03 | x |
| 2022-12-31 | $-32.57 | $0.03 | x |
| 2023-12-31 | $-19.80 | $0.03 | x |
| 2024-12-31 | $10.57 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Airways International 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): -59.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.38%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 6.43x
- Recent ROE (-59.18%) is below the historical average (-11.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 33.54% | 8.98% | 0.81x | 4.58x | $8.48 Billion |
| 2004 | 18.62% | 6.60% | 0.79x | 3.57x | $4.66 Billion |
| 2005 | 11.49% | 4.17% | 0.70x | 3.93x | $877.18 Million |
| 2006 | 13.74% | 5.03% | 0.72x | 3.81x | $2.45 Billion |
| 2007 | 9.36% | 3.30% | 0.69x | 4.14x | $-432.91 Million |
| 2008 | -46.88% | -10.68% | 0.77x | 5.69x | $-25.94 Billion |
| 2009 | 13.87% | 4.54% | 0.59x | 5.13x | $2.05 Billion |
| 2010 | 17.84% | 8.16% | 0.61x | 3.56x | $6.48 Billion |
| 2011 | -16.14% | -5.34% | 0.70x | 4.34x | $-16.51 Billion |
| 2012 | 9.04% | 2.97% | 0.69x | 4.41x | $-663.02 Million |
| 2013 | -21.20% | -5.82% | 0.67x | 5.40x | $-17.73 Billion |
| 2014 | -37.88% | -8.29% | 0.61x | 7.46x | $-19.73 Billion |
| 2015 | -39.77% | -7.15% | 0.60x | 9.21x | $-16.35 Billion |
| 2016 | 0.05% | 0.01% | 0.63x | 8.45x | $-3.33 Billion |
| 2017 | -6.60% | -1.11% | 0.68x | 8.80x | $-5.30 Billion |
| 2018 | -57.19% | -5.93% | 0.73x | 13.22x | $-13.66 Billion |
| 2019 | -103.29% | -6.68% | 0.70x | 22.01x | $-13.21 Billion |
| 2020 | 0.00% | -295.85% | 0.23x | 0.00x | $-128.30 Billion |
| 2021 | 0.00% | 255.51% | 0.13x | 0.00x | $62.25 Billion |
| 2022 | 0.00% | -0.26% | 0.52x | 0.00x | $6.84 Billion |
| 2023 | 0.00% | 17.85% | 0.66x | 0.00x | $32.42 Billion |
| 2024 | -59.18% | -14.38% | 0.64x | 6.43x | $-31.48 Billion |
Industry Comparison
This section compares Thai Airways International Public Company Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Airways International Public Company Limited (TAWNF) | $2.22 Billion | 33.54% | 3.16x | $259.20 Million |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.48 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |