Asian Insulators PCL (AI) - Net Assets

Latest as of December 2025: ฿3.13 Billion THB ≈ $97.61 Million USD

Based on the latest financial reports, Asian Insulators PCL (AI) has net assets worth ฿3.13 Billion THB (≈ $97.61 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.65 Billion ≈ $113.81 Million USD) and total liabilities (฿519.74 Million ≈ $16.20 Million USD). 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. Check Asian Insulators PCL (AI) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.13 Billion
% of Total Assets	85.77%
Annual Growth Rate	8.75%
5-Year Change	-11.97%
10-Year Change	-0.04%
Growth Volatility	54.35

Asian Insulators PCL - Net Assets Trend (2003–2025)

This chart illustrates how Asian Insulators PCL's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Asian Insulators PCL for the complete picture of this company's asset base.

Annual Net Assets for Asian Insulators PCL (2003–2025)

The table below shows the annual net assets of Asian Insulators PCL from 2003 to 2025. For live valuation and market cap data, see how much is Asian Insulators PCL worth.

Year	Net Assets	Change
2025-12-31	฿3.13 Billion ≈ $97.61 Million	-8.07%
2024-12-31	฿3.41 Billion ≈ $106.18 Million	+10.45%
2023-12-31	฿3.08 Billion ≈ $96.13 Million	-0.52%
2022-12-31	฿3.10 Billion ≈ $96.63 Million	-12.86%
2021-12-31	฿3.56 Billion ≈ $110.88 Million	-3.02%
2020-12-31	฿3.67 Billion ≈ $114.34 Million	+19.57%
2019-12-31	฿3.07 Billion ≈ $95.62 Million	-3.17%
2018-12-31	฿3.17 Billion ≈ $98.75 Million	+6.85%
2017-12-31	฿2.97 Billion ≈ $92.42 Million	-5.35%
2016-12-31	฿3.13 Billion ≈ $97.64 Million	+1.91%
2015-12-31	฿3.07 Billion ≈ $95.82 Million	+4.03%
2014-12-31	฿2.96 Billion ≈ $92.11 Million	-19.57%
2013-12-31	฿3.67 Billion ≈ $114.51 Million	+146.38%
2012-12-31	฿1.49 Billion ≈ $46.48 Million	+3.06%
2011-12-31	฿1.45 Billion ≈ $45.10 Million	-7.62%
2010-12-31	฿1.57 Billion ≈ $48.82 Million	+9.39%
2009-12-31	฿1.43 Billion ≈ $44.63 Million	+7.68%
2008-12-31	฿1.33 Billion ≈ $41.44 Million	-18.14%
2007-12-31	฿1.62 Billion ≈ $50.63 Million	+7.27%
2006-12-31	฿1.51 Billion ≈ $47.20 Million	+1.49%
2005-12-31	฿1.49 Billion ≈ $46.50 Million	-5.06%
2004-12-31	฿1.57 Billion ≈ $48.99 Million	+217.59%
2003-12-31	฿494.86 Million ≈ $15.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Asian Insulators PCL'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 264.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿2.71 Billion	118.41%
Total Equity	฿2.29 Billion	100.00%

Asian Insulators PCL Competitors by Market Cap

The table below lists competitors of Asian Insulators PCL ranked by their market capitalization.

Company	Market Cap
Chemcon Speciality Chemicals Limited NSE:CHEMCON	$63.71 Million
PT Pelayaran Tamarin Samudra Tbk JK:TAMU	$63.72 Million
Eversendai Corporation Bhd KLSE:5205	$63.74 Million
SNC Former Public Company Limited BK:SNC	$63.75 Million
Chilwa Minerals Ltd AU:CHW	$63.71 Million
Pesona Metro Holdings Bhd KLSE:8311	$63.69 Million
Titanium Oyj HE:TITAN	$63.68 Million
Thantawan Industry Public Company Limited BK:THIP	$63.68 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Asian Insulators PCL's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,429,017,331 to 2,288,921,991, a change of -140,095,340 (-5.8%).
Net income of 65,206,433 contributed positively to equity growth.
Dividend payments of 346,716,289 reduced retained earnings.
Other comprehensive income decreased equity by 82,566,009.
Other factors increased equity by 223,980,525.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿65.21 Million	+2.85%
Dividends Paid	฿346.72 Million	-15.15%
Other Comprehensive Income	฿-82.57 Million	-3.61%
Other Changes	฿223.98 Million	+9.79%
Total Change	฿-	-5.77%

Book Value vs Market Value Analysis

This analysis compares Asian Insulators PCL'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: 0.89x
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 1.39x to 0.89x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	฿2.09	฿2.92	x
2007-12-31	฿2.32	฿2.92	x
2008-12-31	฿1.84	฿2.92	x
2009-12-31	฿1.99	฿2.92	x
2010-12-31	฿2.19	฿2.92	x
2011-12-31	฿2.03	฿2.92	x
2012-12-31	฿2.12	฿2.92	x
2013-12-31	฿3.47	฿2.92	x
2014-12-31	฿2.90	฿2.92	x
2015-12-31	฿3.12	฿2.92	x
2016-12-31	฿3.43	฿2.92	x
2017-12-31	฿3.24	฿2.92	x
2018-12-31	฿3.52	฿2.92	x
2019-12-31	฿3.46	฿2.92	x
2020-12-31	฿4.05	฿2.92	x
2021-12-31	฿3.81	฿2.92	x
2022-12-31	฿3.31	฿2.92	x
2023-12-31	฿3.16	฿2.92	x
2024-12-31	฿3.47	฿2.92	x
2025-12-31	฿3.27	฿2.92	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asian Insulators PCL 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): 2.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.80%
• Asset Turnover: 2.23x
• Equity Multiplier: 1.60x
Recent ROE (2.85%) is below the historical average (14.95%), 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	51.45%	38.04%	0.93x	1.45x	฿205.13 Million
2004	19.28%	39.34%	0.48x	1.03x	฿145.96 Million
2005	14.57%	22.53%	0.59x	1.09x	฿67.71 Million
2006	2.05%	3.58%	0.48x	1.18x	฿-120.43 Million
2007	12.94%	13.40%	0.76x	1.28x	฿47.68 Million
2008	10.40%	5.56%	0.98x	1.91x	฿5.18 Million
2009	7.72%	4.54%	0.87x	1.96x	฿-31.82 Million
2010	15.64%	9.73%	0.94x	1.72x	฿86.30 Million
2011	3.08%	1.46%	0.90x	2.35x	฿-98.35 Million
2012	12.80%	4.40%	1.18x	2.47x	฿41.65 Million
2013	46.16%	22.22%	1.18x	1.76x	฿878.23 Million
2014	14.37%	5.34%	1.48x	1.82x	฿88.75 Million
2015	8.41%	4.21%	1.20x	1.66x	฿-34.78 Million
2016	12.23%	6.31%	1.32x	1.47x	฿53.55 Million
2017	11.28%	7.81%	1.03x	1.40x	฿29.01 Million
2018	13.09%	12.48%	0.76x	1.38x	฿76.20 Million
2019	9.72%	7.79%	0.84x	1.48x	฿-6.87 Million
2020	26.41%	11.27%	1.60x	1.47x	฿465.65 Million
2021	22.74%	8.36%	1.67x	1.63x	฿339.52 Million
2022	5.50%	1.46%	2.35x	1.60x	฿-104.31 Million
2023	5.41%	1.37%	2.38x	1.66x	฿-101.38 Million
2024	15.86%	4.21%	2.25x	1.67x	฿142.29 Million
2025	2.85%	0.80%	2.23x	1.60x	฿-163.69 Million

Industry Comparison

This section compares Asian Insulators PCL's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $2,711,808,910
Average return on equity (ROE) among peers: 8.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asian Insulators PCL (AI)	฿3.13 Billion	51.45%	0.17x	$63.71 Million
Ekarat Engineering Public Company Limited (AKR)	$390.49 Million	28.45%	4.50x	$43.13 Million
Asefa Public Company Limited (ASEFA)	$1.61 Billion	8.58%	0.53x	$67.34 Million
C.I. Group Public Company Limited (CIG)	$616.69 Million	-17.22%	1.60x	$2.33 Million
Cpt Drives & Power Pcl (CPT)	$444.53 Million	19.24%	0.77x	$32.54 Million
Charoong Thai Wire and Cable Public Company Limited (CTW)	$1.98 Billion	0.00%	0.48x	$44.65 Million
Delta Electronics (Thailand) Public Company Limited (DELTA)	$15.95 Billion	24.23%	0.56x	$122.86 Billion
QTC Energy Public Company Limited (QTC)	$1.74 Billion	7.33%	0.14x	$34.45 Million
SCI Electric Public Company Limited (SCI)	$1.45 Billion	0.11%	1.17x	$22.68 Million
Teera-Mongkol Industry Public Company Limited (TMI)	$232.93 Million	3.12%	2.05x	$10.46 Million

About Asian Insulators PCL

BK:AI Thailand Electrical Equipment & Parts

Market Cap

$63.71 Million

฿2.04 Billion THB

Market Cap Rank

#20945 Global

#334 in Thailand

Share Price

฿2.92

Change (1 day)

+0.69%

52-Week Range

฿2.88 - ฿3.60

All Time High

฿11.16