True Corporation Public Company Limited
True Corporation Public Company Limited, together with its subsidiaries, provides telecommunications and value-added services in Thailand. The company operates through Mobile, Pay TV, and Broadband Internet and Others segments. It offers mobile, broadband Internet, Wi-Fi, television, and digital platforms and solutions. The company is also involved in entertainment, mobile equipment lessor, progr… Read more
True Corporation Public Company Limited (TCPFF) - Net Assets
Latest net assets as of September 2025: $77.85 Billion USD
Based on the latest financial reports, True Corporation Public Company Limited (TCPFF) has net assets worth $77.85 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 ($675.03 Billion) and total liabilities ($597.18 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 | $77.85 Billion |
| % of Total Assets | 11.53% |
| Annual Growth Rate | 9.38% |
| 5-Year Change | -13.35% |
| 10-Year Change | -1.36% |
| Growth Volatility | 531.15 |
True Corporation Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how True Corporation 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 True Corporation Public Company Limited (2000–2024)
The table below shows the annual net assets of True Corporation Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $74.18 Billion | -13.88% |
| 2023-12-31 | $86.14 Billion | +40.28% |
| 2022-12-31 | $61.41 Billion | -24.95% |
| 2021-12-31 | $81.82 Billion | -4.44% |
| 2020-12-31 | $85.62 Billion | -32.06% |
| 2019-12-31 | $126.02 Billion | -5.87% |
| 2018-12-31 | $133.88 Billion | -0.24% |
| 2017-12-31 | $134.20 Billion | +1.88% |
| 2016-12-31 | $131.73 Billion | +75.15% |
| 2015-12-31 | $75.21 Billion | +6.01% |
| 2014-12-31 | $70.94 Billion | +1399.13% |
| 2013-12-31 | $4.73 Billion | -66.21% |
| 2012-12-31 | $14.00 Billion | -34.77% |
| 2011-12-31 | $21.47 Billion | +72.17% |
| 2010-12-31 | $12.47 Billion | +17.17% |
| 2009-12-31 | $10.64 Billion | +60.76% |
| 2008-12-31 | $6.62 Billion | -44.63% |
| 2007-12-31 | $11.96 Billion | +61.56% |
| 2006-12-31 | $7.40 Billion | +2310.89% |
| 2005-12-31 | $306.95 Million | -93.52% |
| 2004-12-31 | $4.74 Billion | +216.88% |
| 2003-12-31 | $1.50 Billion | -79.23% |
| 2002-12-31 | $7.20 Billion | +47.05% |
| 2001-12-31 | $4.90 Billion | -43.26% |
| 2000-12-31 | $8.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to True Corporation 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 18066555879000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $138.21 Billion | 187.05% |
| Other Comprehensive Income | $1.93 Billion | 2.61% |
| Other Components | $143.90 Billion | 194.75% |
| Total Equity | $73.89 Billion | 100.00% |
True Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of True Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Engineering & Construction
KO:000720
|
$4.83 Billion |
|
Hainan Airlines Co Ltd A
SHG:600221
|
$4.83 Billion |
|
Cleveland-Cliffs Inc
NYSE:CLF
|
$4.84 Billion |
|
Allfunds Group Ltd
AS:ALLFG
|
$4.84 Billion |
|
Posco Chemical Co Ltd
KO:003670
|
$4.82 Billion |
|
Protagonist Therapeutics Inc
NASDAQ:PTGX
|
$4.82 Billion |
|
Stonex Group Inc
NASDAQ:SNEX
|
$4.82 Billion |
|
Taylor Wimpey plc
PINK:TWODF
|
$4.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in True Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,779,067,000 to 73,889,513,000, a change of -11,889,554,000 (-13.9%).
- Net loss of 10,965,859,000 reduced equity.
- Other comprehensive income increased equity by 72,124,000.
- Other factors decreased equity by 995,819,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.97 Billion | -14.84% |
| Other Comprehensive Income | $72.12 Million | +0.1% |
| Other Changes | $-995.82 Million | -1.35% |
| Total Change | $- | -13.86% |
Book Value vs Market Value Analysis
This analysis compares True Corporation 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: 0.17x
- 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 |
|---|---|---|---|
| 2000-12-31 | $3.44 | $0.36 | x |
| 2001-12-31 | $0.82 | $0.36 | x |
| 2002-12-31 | $2.10 | $0.36 | x |
| 2003-12-31 | $0.17 | $0.36 | x |
| 2004-12-31 | $0.76 | $0.36 | x |
| 2005-12-31 | $0.02 | $0.36 | x |
| 2006-12-31 | $1.55 | $0.36 | x |
| 2007-12-31 | $2.26 | $0.36 | x |
| 2008-12-31 | $0.95 | $0.36 | x |
| 2009-12-31 | $1.22 | $0.36 | x |
| 2010-12-31 | $1.11 | $0.36 | x |
| 2011-12-31 | $1.55 | $0.36 | x |
| 2012-12-31 | $0.80 | $0.36 | x |
| 2013-12-31 | $0.25 | $0.36 | x |
| 2014-12-31 | $3.64 | $0.36 | x |
| 2015-12-31 | $2.98 | $0.36 | x |
| 2016-12-31 | $4.48 | $0.36 | x |
| 2017-12-31 | $4.00 | $0.36 | x |
| 2018-12-31 | $3.99 | $0.36 | x |
| 2019-12-31 | $3.76 | $0.36 | x |
| 2020-12-31 | $2.55 | $0.36 | x |
| 2021-12-31 | $2.35 | $0.36 | x |
| 2022-12-31 | $1.76 | $0.36 | x |
| 2023-12-31 | $2.48 | $0.36 | x |
| 2024-12-31 | $2.14 | $0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently True Corporation 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): -14.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.32%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 9.14x
- Recent ROE (-14.84%) is above the historical average (-248.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -40.70% | -17.06% | 0.22x | 10.87x | $-4.12 Billion |
| 2001 | -77.13% | -16.60% | 0.24x | 19.47x | $-3.87 Billion |
| 2002 | -79.98% | -20.93% | 0.28x | 13.82x | $-6.07 Billion |
| 2003 | -526.27% | -20.30% | 0.32x | 80.47x | $-5.78 Billion |
| 2004 | 13.85% | 1.83% | 0.32x | 23.50x | $168.25 Million |
| 2005 | -5099.27% | -9.72% | 0.41x | 1290.76x | $-4.28 Billion |
| 2006 | -60.86% | -8.06% | 0.42x | 17.90x | $-4.87 Billion |
| 2007 | 16.00% | 2.75% | 0.49x | 11.75x | $636.41 Million |
| 2008 | -43.18% | -3.84% | 0.52x | 21.44x | $-2.90 Billion |
| 2009 | 12.33% | 1.96% | 0.54x | 11.69x | $231.69 Million |
| 2010 | 16.47% | 3.14% | 0.54x | 9.67x | $769.56 Million |
| 2011 | -12.96% | -3.74% | 0.47x | 7.29x | $-4.77 Billion |
| 2012 | -55.65% | -8.31% | 0.50x | 13.51x | $-8.76 Billion |
| 2013 | -222.07% | -9.42% | 0.47x | 50.44x | $-9.47 Billion |
| 2014 | 1.84% | 1.18% | 0.47x | 3.33x | $-5.74 Billion |
| 2015 | 5.92% | 3.71% | 0.42x | 3.79x | $-3.04 Billion |
| 2016 | -2.15% | -2.26% | 0.28x | 3.43x | $-15.92 Billion |
| 2017 | 1.74% | 1.64% | 0.30x | 3.48x | $-11.03 Billion |
| 2018 | 5.28% | 4.35% | 0.33x | 3.72x | $-6.29 Billion |
| 2019 | 4.50% | 4.00% | 0.27x | 4.18x | $-6.90 Billion |
| 2020 | 1.23% | 0.76% | 0.22x | 7.26x | $-7.46 Billion |
| 2021 | -1.76% | -0.99% | 0.23x | 7.68x | $-9.56 Billion |
| 2022 | -29.98% | -13.54% | 0.22x | 10.14x | $-24.38 Billion |
| 2023 | -20.40% | -8.62% | 0.27x | 8.68x | $-26.08 Billion |
| 2024 | -14.84% | -5.32% | 0.30x | 9.14x | $-18.35 Billion |
Industry Comparison
This section compares True Corporation Public Company Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,400,809,556
- Average return on equity (ROE) among peers: -3515.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| True Corporation Public Company Limited (TCPFF) | $77.85 Billion | -40.70% | 7.67x | $4.83 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $4.08 Billion | 3.68% | 0.78x | $745.07 Million |
| Alvarion Ltd (ALVRQ) | $220.55 Million | 5.69% | 0.42x | $0.93 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $436.69 Billion | 5.24% | 3.14x | $12.75 Billion |
| Alpha One Inc (AOAO) | $71.34 | -458.09% | 4.03x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $161.29K | -72.74% | 2.36x | $211.67 |
| Vapor Hub International Inc. (ASHI) | $-4.79 Million | 0.00% | 0.00x | $5.26K |
| Anterix Inc (ATEX) | $245.07 Million | -15.36% | 0.09x | $464.45 Million |