Thai Kin Co. Ltd
Thai Kin Co., Ltd., together with its subsidiaries, manufactures and sells furniture castings in Europe, the America, and Asia. It offers furniture decorations and hardware products. The company also offers cabinet, drapery, and decorative hardware products; bathroom accessories; hooks and rails; sofa/bed/cabinet legs; and shelf support, as well as candle holder products. In addition, it manufact… Read more
Thai Kin Co. Ltd (6629) - Net Assets
Latest net assets as of September 2025: NT$1.63 Billion TWD
Based on the latest financial reports, Thai Kin Co. Ltd (6629) has net assets worth NT$1.63 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.38 Billion) and total liabilities (NT$750.92 Million). 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 | NT$1.63 Billion |
| % of Total Assets | 68.42% |
| Annual Growth Rate | 19.94% |
| 5-Year Change | 81.13% |
| 10-Year Change | N/A |
| Growth Volatility | 22.41 |
Thai Kin Co. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Thai Kin Co. Ltd'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 Kin Co. Ltd (2017–2024)
The table below shows the annual net assets of Thai Kin Co. Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.64 Billion | +53.23% |
| 2023-12-31 | NT$1.07 Billion | +7.76% |
| 2022-12-31 | NT$991.00 Million | +17.67% |
| 2021-12-31 | NT$842.19 Million | -6.78% |
| 2020-12-31 | NT$903.41 Million | +29.14% |
| 2019-12-31 | NT$699.54 Million | +52.82% |
| 2018-12-31 | NT$457.75 Million | -0.12% |
| 2017-12-31 | NT$458.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Kin Co. Ltd'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 397.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$526.30 Million | 32.19% |
| Other Components | NT$1.11 Billion | 67.81% |
| Total Equity | NT$1.64 Billion | 100.00% |
Thai Kin Co. Ltd Competitors by Market Cap
The table below lists competitors of Thai Kin Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinergi Megah Internusa Tbk PT
JK:NUSA
|
$19.10 Million |
|
Waystream Holding AB (publ)
ST:WAYS
|
$19.11 Million |
|
Innovative Rfk SpA
PA:MLIRF
|
$19.11 Million |
|
Heungkuk Metaltech Co.Ltd
KQ:010240
|
$19.11 Million |
|
Samhyun Steel Co. Ltd
KQ:017480
|
$19.09 Million |
|
AKOBF
PINK:AKOBF
|
$19.08 Million |
|
AURRIGO INT.PLCLS-002
F:CI0
|
$19.07 Million |
|
EMCORE Corporation
NASDAQ:EMKR
|
$19.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Kin Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,067,514,000 to 1,635,119,000, a change of 567,605,000 (53.2%).
- Net income of 416,922,000 contributed positively to equity growth.
- Dividend payments of 125,006,000 reduced retained earnings.
- New share issuances of 281,900,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$416.92 Million | +25.5% |
| Dividends Paid | NT$125.01 Million | -7.65% |
| Share Issuances | NT$281.90 Million | +17.24% |
| Other Changes | NT$-6.21 Million | -0.38% |
| Total Change | NT$- | 53.17% |
Book Value vs Market Value Analysis
This analysis compares Thai Kin Co. Ltd'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: 2.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.08x to 2.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$15.11 | NT$107.00 | x |
| 2018-12-31 | NT$15.09 | NT$107.00 | x |
| 2019-12-31 | NT$20.64 | NT$107.00 | x |
| 2020-12-31 | NT$26.16 | NT$107.00 | x |
| 2021-12-31 | NT$21.51 | NT$107.00 | x |
| 2022-12-31 | NT$25.22 | NT$107.00 | x |
| 2023-12-31 | NT$28.08 | NT$107.00 | x |
| 2024-12-31 | NT$42.67 | NT$107.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Kin Co. Ltd 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): 25.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.76%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.39x
- Recent ROE (25.50%) is above the historical average (21.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 27.63% | 13.50% | 0.99x | 2.06x | NT$80.76 Million |
| 2018 | 16.16% | 8.27% | 0.89x | 2.21x | NT$28.21 Million |
| 2019 | 20.08% | 13.96% | 0.84x | 1.72x | NT$70.51 Million |
| 2020 | 24.77% | 17.68% | 0.74x | 1.90x | NT$133.36 Million |
| 2021 | 27.52% | 17.05% | 0.88x | 1.84x | NT$147.52 Million |
| 2022 | 16.32% | 11.96% | 0.89x | 1.53x | NT$62.60 Million |
| 2023 | 15.60% | 14.06% | 0.80x | 1.39x | NT$59.80 Million |
| 2024 | 25.50% | 25.76% | 0.71x | 1.39x | NT$253.41 Million |
Industry Comparison
This section compares Thai Kin Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,453,089,600
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Kin Co. Ltd (6629) | NT$1.63 Billion | 27.63% | 0.46x | $19.10 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |