Applicad Public Company Limited
Applicad Public Company Limited engages in the sale of computer programs primarily in Thailand and Indonesia. The company offers 2D/3D CAD, 3D printer, 3D scanner, animation and render, BIM, CAM, CAD viewer, cloud platform, communication design, management, simulation and checker, robot and automation, education and government, AI platform, and other products. It also provides various services, s… Read more
Applicad Public Company Limited (APP) - Net Assets
Latest net assets as of September 2025: ฿428.45 Million THB
Based on the latest financial reports, Applicad Public Company Limited (APP) has net assets worth ฿428.45 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿985.98 Million) and total liabilities (฿557.53 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 | ฿428.45 Million |
| % of Total Assets | 43.45% |
| Annual Growth Rate | 33.93% |
| 5-Year Change | 12.22% |
| 10-Year Change | N/A |
| Growth Volatility | 81.72 |
Applicad Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how Applicad 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 Applicad Public Company Limited (2015–2024)
The table below shows the annual net assets of Applicad Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿381.74 Million | +6.98% |
| 2023-12-31 | ฿356.83 Million | +3.22% |
| 2022-12-31 | ฿345.70 Million | -3.22% |
| 2021-12-31 | ฿357.21 Million | +5.01% |
| 2020-12-31 | ฿340.16 Million | +5.17% |
| 2019-12-31 | ฿323.43 Million | +248.31% |
| 2018-12-31 | ฿92.86 Million | +138.68% |
| 2017-12-31 | ฿38.90 Million | +11.75% |
| 2016-12-31 | ฿34.81 Million | +26.51% |
| 2015-12-31 | ฿27.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applicad 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 395.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿79.43 Million | 20.82% |
| Other Components | ฿302.12 Million | 79.18% |
| Total Equity | ฿381.55 Million | 100.00% |
Applicad Public Company Limited Competitors by Market Cap
The table below lists competitors of Applicad Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
482520
KQ:482520
|
$7.99 Million |
|
Toyota Caetano
LS:SCT
|
$7.99 Million |
|
Mistral Iberia Real Estate SOCIMI S.A.
MC:YMIB
|
$7.99 Million |
|
PT Wahana Interfood Nusantara Tbk
JK:COCO
|
$7.99 Million |
|
Terang Dunia Internusa Tbk Pt
JK:UNTD
|
$7.99 Million |
|
Strategic Elements Ltd
AU:SOR
|
$7.99 Million |
|
Quantum Critical Metals Corp.
V:LEAP
|
$7.99 Million |
|
JAPAN EXCELLENT INC.
F:81L
|
$7.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applicad Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 356,885,426 to 381,551,103, a change of 24,665,677 (6.9%).
- Net income of 66,873,163 contributed positively to equity growth.
- Dividend payments of 42,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,601,231.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿66.87 Million | +17.53% |
| Dividends Paid | ฿42.00 Million | -11.01% |
| Other Comprehensive Income | ฿-1.60 Million | -0.42% |
| Other Changes | ฿1.39 Million | +0.37% |
| Total Change | ฿- | 6.91% |
Book Value vs Market Value Analysis
This analysis compares Applicad 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: 1.94x
- 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 28.47x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.09 | ฿2.64 | x |
| 2016-12-31 | ฿0.12 | ฿2.64 | x |
| 2017-12-31 | ฿0.13 | ฿2.64 | x |
| 2018-12-31 | ฿0.33 | ฿2.64 | x |
| 2019-12-31 | ฿1.60 | ฿2.64 | x |
| 2020-12-31 | ฿1.22 | ฿2.64 | x |
| 2021-12-31 | ฿1.28 | ฿2.64 | x |
| 2022-12-31 | ฿1.24 | ฿2.64 | x |
| 2023-12-31 | ฿1.27 | ฿2.64 | x |
| 2024-12-31 | ฿1.36 | ฿2.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applicad 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): 17.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.73%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.36x
- Recent ROE (17.53%) is below the historical average (36.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 48.83% | 2.90% | 2.28x | 7.38x | ฿10.08 Million |
| 2016 | 70.71% | 4.38% | 1.98x | 8.17x | ฿20.30 Million |
| 2017 | 73.62% | 4.99% | 1.78x | 8.29x | ฿23.84 Million |
| 2018 | 81.33% | 10.36% | 1.92x | 4.09x | ฿66.23 Million |
| 2019 | 17.75% | 7.91% | 1.18x | 1.90x | ฿25.09 Million |
| 2020 | 13.21% | 6.94% | 0.98x | 1.94x | ฿10.93 Million |
| 2021 | 16.35% | 7.45% | 1.07x | 2.05x | ฿22.71 Million |
| 2022 | 13.43% | 5.31% | 1.13x | 2.23x | ฿11.88 Million |
| 2023 | 14.21% | 5.74% | 1.11x | 2.22x | ฿15.03 Million |
| 2024 | 17.53% | 6.73% | 1.10x | 2.36x | ฿28.72 Million |
Industry Comparison
This section compares Applicad Public Company Limited's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $444,677,817
- Average return on equity (ROE) among peers: 3.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applicad Public Company Limited (APP) | ฿428.45 Million | 48.83% | 1.30x | $7.99 Million |
| Humanica Public Company Limited (HUMAN) | $1.20 Billion | 12.28% | 0.15x | $51.19 Million |
| MEB Corp. PCL (MEB) | $145.04 Million | 43.06% | 0.42x | $35.64 Million |
| Netbay Public Company Limited (NETBAY) | $553.82 Million | 38.99% | 0.39x | $62.69 Million |
| News Network Corporation Public Company Limited (NEWS) | $269.48 Million | -210.65% | 4.12x | $17.40 Million |
| TBN Corp. PCL (TBN) | $57.86 Million | 135.13% | 1.95x | $3.87 Million |