A.J. Plast Public Company Limited (AJ) - Net Assets

Latest as of December 2025: ฿4.28 Billion THB ≈ $133.43 Million USD

Based on the latest financial reports, A.J. Plast Public Company Limited (AJ) has net assets worth ฿4.28 Billion THB (≈ $133.43 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 (฿13.72 Billion ≈ $427.64 Million USD) and total liabilities (฿9.44 Billion ≈ $294.21 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 AJ financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿4.28 Billion
% of Total Assets	31.2%
Annual Growth Rate	12.64%
5-Year Change	-12.41%
10-Year Change	30.05%
Growth Volatility	25.32

A.J. Plast Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how A.J. Plast Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore AJ asset base for the complete picture of this company's asset base.

Annual Net Assets for A.J. Plast Public Company Limited (2000–2025)

The table below shows the annual net assets of A.J. Plast Public Company Limited from 2000 to 2025. For live valuation and market cap data, see A.J. Plast Public Company Limited (AJ) market capitalisation.

Year	Net Assets	Change
2025-12-31	฿4.28 Billion ≈ $133.43 Million	-12.19%
2024-12-31	฿4.88 Billion ≈ $151.95 Million	+8.49%
2023-12-31	฿4.49 Billion ≈ $140.06 Million	-7.07%
2022-12-31	฿4.84 Billion ≈ $150.71 Million	-1.06%
2021-12-31	฿4.89 Billion ≈ $152.33 Million	+4.29%
2020-12-31	฿4.69 Billion ≈ $146.07 Million	+30.33%
2019-12-31	฿3.60 Billion ≈ $112.08 Million	+5.46%
2018-12-31	฿3.41 Billion ≈ $106.27 Million	-2.90%
2017-12-31	฿3.51 Billion ≈ $109.45 Million	+6.68%
2016-12-31	฿3.29 Billion ≈ $102.60 Million	+4.42%
2015-12-31	฿3.15 Billion ≈ $98.26 Million	+0.09%
2014-12-31	฿3.15 Billion ≈ $98.17 Million	-7.38%
2013-12-31	฿3.40 Billion ≈ $105.99 Million	-4.44%
2012-12-31	฿3.56 Billion ≈ $110.91 Million	+4.40%
2011-12-31	฿3.41 Billion ≈ $106.23 Million	+53.15%
2010-12-31	฿2.23 Billion ≈ $69.37 Million	+47.98%
2009-12-31	฿1.50 Billion ≈ $46.88 Million	+9.68%
2008-12-31	฿1.37 Billion ≈ $42.74 Million	-0.37%
2007-12-31	฿1.38 Billion ≈ $42.90 Million	+1.48%
2006-12-31	฿1.36 Billion ≈ $42.27 Million	-0.82%
2005-12-31	฿1.37 Billion ≈ $42.62 Million	+48.34%
2004-12-31	฿921.87 Million ≈ $28.73 Million	+25.68%
2003-12-31	฿733.53 Million ≈ $22.86 Million	+12.91%
2002-12-31	฿649.66 Million ≈ $20.25 Million	+95.72%
2001-12-31	฿331.94 Million ≈ $10.35 Million	+51.87%
2000-12-31	฿218.57 Million ≈ $6.81 Million	--

Equity Component Analysis

This analysis shows how different components contribute to A.J. Plast 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 86016857200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿860.17 Million	22.74%
Other Components	฿2.92 Billion	77.26%
Total Equity	฿3.78 Billion	100.00%

A.J. Plast Public Company Limited Competitors by Market Cap

The table below lists competitors of A.J. Plast Public Company Limited ranked by their market capitalization.

Company	Market Cap
Enegex Ltd AU:ENX	$50.95 Million
Banxa Holdings Inc V:BNXA	$50.95 Million
SRG HOUSING FINANCE ORD (BSE) NSE:SRGHFL	$50.97 Million
Italian-Thai Development Public Company Limited BK:ITD	$51.02 Million
Suparma Tbk JK:SPMA	$50.94 Million
Greenland Mines Ltd NASDAQ:GRML	$50.92 Million
Hae In KO:003010	$50.91 Million
Ai Energy Public Company Limited BK:AIE	$50.90 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in A.J. Plast Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,327,974,839 to 3,782,446,778, a change of -545,528,061 (-12.6%).
Net loss of 553,012,699 reduced equity.
Other comprehensive income decreased equity by 60,000,000.
Other factors increased equity by 67,484,638.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-553.01 Million	-14.62%
Other Comprehensive Income	฿-60.00 Million	-1.59%
Other Changes	฿67.48 Million	+1.78%
Total Change	฿-	-12.60%

Book Value vs Market Value Analysis

This analysis compares A.J. Plast 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: 0.43x
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 0.81x to 0.43x 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	฿3.40	฿2.74	x
2007-12-31	฿3.45	฿2.74	x
2008-12-31	฿1.56	฿2.74	x
2009-12-31	฿3.76	฿2.74	x
2010-12-31	฿6.19	฿2.74	x
2011-12-31	฿8.74	฿2.74	x
2012-12-31	฿8.91	฿2.74	x
2013-12-31	฿8.51	฿2.74	x
2014-12-31	฿7.88	฿2.74	x
2015-12-31	฿7.89	฿2.74	x
2016-12-31	฿8.24	฿2.74	x
2017-12-31	฿8.79	฿2.74	x
2018-12-31	฿8.54	฿2.74	x
2019-12-31	฿9.00	฿2.74	x
2020-12-31	฿11.70	฿2.74	x
2021-12-31	฿10.82	฿2.74	x
2022-12-31	฿10.28	฿2.74	x
2023-12-31	฿8.93	฿2.74	x
2024-12-31	฿7.26	฿2.74	x
2025-12-31	฿6.34	฿2.74	x

Capital Efficiency Dashboard

This dashboard shows how efficiently A.J. Plast 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): -14.62%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.06%
• Asset Turnover: 0.57x
• Equity Multiplier: 3.63x
Recent ROE (-14.62%) is below the historical average (9.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	45.88%	11.34%	0.90x	4.49x	฿119.11 Million
2002	54.32%	22.86%	0.89x	2.68x	฿287.90 Million
2003	34.85%	15.61%	0.76x	2.96x	฿182.30 Million
2004	26.13%	11.25%	0.64x	3.65x	฿148.73 Million
2005	12.64%	6.56%	0.62x	3.09x	฿36.09 Million
2006	7.53%	3.05%	0.76x	3.26x	฿-33.55 Million
2007	9.42%	3.07%	0.91x	3.39x	฿-7.98 Million
2008	-3.47%	-2.03%	0.47x	3.64x	฿-184.66 Million
2009	-16.34%	-17.02%	0.30x	3.22x	฿-396.18 Million
2010	44.26%	16.43%	1.09x	2.48x	฿762.38 Million
2011	25.78%	13.48%	1.08x	1.76x	฿537.78 Million
2012	5.34%	3.69%	0.84x	1.72x	฿-165.82 Million
2013	-2.88%	-1.81%	0.72x	2.22x	฿-438.01 Million
2014	-7.87%	-3.86%	0.78x	2.62x	฿-562.81 Million
2015	0.12%	0.06%	0.75x	2.62x	฿-311.45 Million
2016	3.68%	1.75%	0.81x	2.58x	฿-207.91 Million
2017	12.63%	5.76%	0.90x	2.43x	฿92.31 Million
2018	0.53%	0.23%	0.85x	2.67x	฿-322.97 Million
2019	3.74%	1.96%	0.79x	2.41x	฿-225.12 Million
2020	11.36%	7.32%	0.76x	2.03x	฿63.62 Million
2021	9.00%	4.59%	0.90x	2.18x	฿-47.49 Million
2022	-1.26%	-0.63%	0.69x	2.92x	฿-509.39 Million
2023	-8.83%	-4.81%	0.53x	3.44x	฿-782.60 Million
2024	-16.74%	-9.21%	0.54x	3.37x	฿-1.16 Billion
2025	-14.62%	-7.06%	0.57x	3.63x	฿-931.26 Million

Industry Comparison

This section compares A.J. Plast Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.

Industry Context

Industry: Packaging & Containers
Average net assets among peers: $1,233,250,306
Average return on equity (ROE) among peers: 9.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
A.J. Plast Public Company Limited (AJ)	฿4.28 Billion	45.88%	2.21x	$50.94 Million
Crown Seal Public Company Limited (CSC)	$443.56 Million	23.76%	3.81x	$70.91 Million
Multibax Public Company Limited (MBAX)	$594.89 Million	29.60%	1.43x	$10.78 Million
NEP Realty and Industry Public Company Limited (NEP)	$567.12 Million	-6.67%	0.06x	$14.50 Million
Prodigy Public Company Limited (PDG)	$626.18 Million	13.29%	0.19x	$27.96 Million
Panjawattana Plastic Public Company Limited (PJW)	$1.25 Billion	6.70%	1.51x	$36.46 Million
Srithai Superware Public Company Limited (SITHAI)	$4.08 Billion	6.91%	0.98x	$82.19 Million
S. Pack & Print Public Company Limited (SPACK)	$506.65 Million	-7.12%	1.49x	$10.85 Million
Thai Coating Industrial Public Company Limited (TCOAT)	$239.75 Million	15.05%	1.20x	$9.25 Million
Thai Film Industries Public Company Limited (TFI)	$2.79 Billion	0.00%	1.70x	$26.22 Million

About A.J. Plast Public Company Limited

BK:AJ Thailand Packaging & Containers

Market Cap

$50.94 Million

฿1.63 Billion THB

Market Cap Rank

#21857 Global

#365 in Thailand

Share Price

฿2.74

Change (1 day)

+1.48%

52-Week Range

฿1.54 - ฿3.72

All Time High

฿26.16