Applied DB Public Company Limited
Applied DB Public Company Limited, together with its subsidiaries, manufactures and distributes plastic compounds in Thailand, India, and internationally. The company offers plastic compound products comprising soft polyvinyl chloride (PVC), rigid PVC, and medical/pharmaceutical grade PVC compounds. It also provides industrial, contact, graft, polyurethane, vinyl, and epoxy adhesive, as well as p… Read more
Applied DB Public Company Limited (ADB) - Net Assets
Latest net assets as of December 2025: ฿647.79 Million THB
Based on the latest financial reports, Applied DB Public Company Limited (ADB) has net assets worth ฿647.79 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿919.83 Million) and total liabilities (฿272.04 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 | ฿647.79 Million |
| % of Total Assets | 70.43% |
| Annual Growth Rate | 9.9% |
| 5-Year Change | -5.23% |
| 10-Year Change | 117.7% |
| Growth Volatility | 26.34 |
Applied DB Public Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how Applied DB 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 Applied DB Public Company Limited (2013–2025)
The table below shows the annual net assets of Applied DB Public Company Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿647.79 Million | +2.04% |
| 2024-12-31 | ฿634.84 Million | +5.70% |
| 2023-12-31 | ฿600.60 Million | -6.70% |
| 2022-12-31 | ฿643.73 Million | -5.82% |
| 2021-12-31 | ฿683.53 Million | +5.92% |
| 2020-12-31 | ฿645.35 Million | +11.00% |
| 2019-12-31 | ฿581.41 Million | -0.76% |
| 2018-12-31 | ฿585.83 Million | +0.16% |
| 2017-12-31 | ฿584.89 Million | +96.56% |
| 2016-12-31 | ฿297.57 Million | +9.05% |
| 2015-12-31 | ฿272.88 Million | +16.15% |
| 2014-12-31 | ฿234.94 Million | +12.58% |
| 2013-12-31 | ฿208.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applied DB 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 6327613798.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿59.96 Million | 9.26% |
| Other Components | ฿587.84 Million | 90.74% |
| Total Equity | ฿647.79 Million | 100.00% |
Applied DB Public Company Limited Competitors by Market Cap
The table below lists competitors of Applied DB Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIGNATURE RESOURCES NEW
F:3S30
|
$2.41 Million |
|
CordovaCann Corp
OTCQB:LVRLF
|
$2.42 Million |
|
Ganges Securities Limited
NSE:GANGESSECU
|
$2.42 Million |
|
Quantum Healthcare Limited
PINK:QTHLF
|
$2.42 Million |
|
TDG Global Investment JSC
VN:TDG
|
$2.41 Million |
|
Kap Industrial Holdings Ltd
JSE:KAP
|
$2.41 Million |
|
Venture Minerals Limited
PINK:VTMLF
|
$2.41 Million |
|
Canada Carbon Inc.
PINK:BRUZF
|
$2.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applied DB Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 634,841,537 to 647,792,501, a change of 12,950,964 (2.0%).
- Net income of 27,694,579 contributed positively to equity growth.
- Dividend payments of 14,512,968 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿27.69 Million | +4.28% |
| Dividends Paid | ฿14.51 Million | -2.24% |
| Other Changes | ฿-230.65K | -0.04% |
| Total Change | ฿- | 2.04% |
Book Value vs Market Value Analysis
This analysis compares Applied DB 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: 0.67x
- 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 1.46x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.41 | ฿0.60 | x |
| 2014-12-31 | ฿0.46 | ฿0.60 | x |
| 2015-12-31 | ฿0.38 | ฿0.60 | x |
| 2016-12-31 | ฿0.41 | ฿0.60 | x |
| 2017-12-31 | ฿1.08 | ฿0.60 | x |
| 2018-12-31 | ฿0.81 | ฿0.60 | x |
| 2019-12-31 | ฿0.80 | ฿0.60 | x |
| 2020-12-31 | ฿0.89 | ฿0.60 | x |
| 2021-12-31 | ฿0.94 | ฿0.60 | x |
| 2022-12-31 | ฿0.89 | ฿0.60 | x |
| 2023-12-31 | ฿0.83 | ฿0.60 | x |
| 2024-12-31 | ฿0.87 | ฿0.60 | x |
| 2025-12-31 | ฿0.89 | ฿0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applied DB 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): 4.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.33%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.42x
- Recent ROE (4.28%) is below the historical average (5.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -4.50% | -0.68% | 1.44x | 4.59x | ฿-30.25 Million |
| 2014 | 11.17% | 1.85% | 1.62x | 3.72x | ฿2.76 Million |
| 2015 | 12.64% | 2.40% | 1.51x | 3.47x | ฿7.20 Million |
| 2016 | 25.44% | 5.36% | 1.32x | 3.60x | ฿45.95 Million |
| 2017 | 4.97% | 2.12% | 1.14x | 2.06x | ฿-29.44 Million |
| 2018 | 2.22% | 0.92% | 1.13x | 2.14x | ฿-45.56 Million |
| 2019 | 0.56% | 0.24% | 1.09x | 2.16x | ฿-54.88 Million |
| 2020 | 10.79% | 5.09% | 1.10x | 1.93x | ฿5.13 Million |
| 2021 | 11.07% | 4.51% | 1.15x | 2.13x | ฿7.33 Million |
| 2022 | -1.08% | -0.32% | 1.32x | 2.53x | ฿-71.31 Million |
| 2023 | -7.78% | -2.88% | 1.15x | 2.35x | ฿-106.77 Million |
| 2024 | 5.39% | 3.70% | 0.88x | 1.66x | ฿-29.26 Million |
| 2025 | 4.28% | 3.33% | 0.91x | 1.42x | ฿-37.08 Million |
Industry Comparison
This section compares Applied DB Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,894,883,672
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applied DB Public Company Limited (ADB) | ฿647.79 Million | -4.50% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |