Delta Paint PCL
Delta Paint Public Company Limited, together with its subsidiaries, engages in the production and distribution of paints and chemicals in Thailand and Cambodia. It offers paint for house; spray paints; wood color; chemical; and other products. The company was incorporated in 1999 and is headquartered in Bangkok, Thailand.
Delta Paint PCL (DPAINT) - Net Assets
Latest net assets as of September 2025: ฿402.08 Million THB
Based on the latest financial reports, Delta Paint PCL (DPAINT) has net assets worth ฿402.08 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 (฿888.19 Million) and total liabilities (฿486.11 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 | ฿402.08 Million |
| % of Total Assets | 45.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | 126.27% |
| 10-Year Change | N/A |
| Growth Volatility | 462.34 |
Delta Paint PCL - Net Assets Trend (2017–2024)
This chart illustrates how Delta Paint PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Delta Paint PCL (2017–2024)
The table below shows the annual net assets of Delta Paint PCL from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿464.20 Million | -26.27% |
| 2023-12-31 | ฿629.60 Million | -3.71% |
| 2022-12-31 | ฿653.83 Million | +9.15% |
| 2021-12-31 | ฿599.04 Million | +191.99% |
| 2020-12-31 | ฿205.16 Million | +217.99% |
| 2019-12-31 | ฿64.52 Million | +1291.58% |
| 2018-12-31 | ฿4.64 Million | +150.65% |
| 2017-12-31 | ฿-9.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Delta Paint 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 588379281.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿583.14 Million | 124.57% |
| Total Equity | ฿468.11 Million | 100.00% |
Delta Paint PCL Competitors by Market Cap
The table below lists competitors of Delta Paint PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
White Fox Ventures Inc
PINK:AWAW
|
$154.54K |
|
USANA HEALTH SC
MU:USJ
|
$154.58K |
|
CO2 Gro Inc
PINK:BLONF
|
$154.65K |
|
Maj Invest Pension
CO:MAJPEN
|
$154.70K |
|
BankInvest Select Small Cap DK Aktier KL
CO:BSKSMCDKAKL
|
$154.38K |
|
Herzfeld Credit Income Fund, Inc
NASDAQ:HERZ
|
$154.38K |
|
Wealth Invest Secure Select Aktier
CO:WEISSA
|
$154.32K |
|
CPI Europe AG
VI:CPI
|
$154.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Delta Paint PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 631,742,992 to 468,107,977, a change of -163,635,015 (-25.9%).
- Net loss of 165,041,355 reduced equity.
- Other comprehensive income decreased equity by 9,568,910.
- Other factors increased equity by 10,975,250.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-165.04 Million | -35.26% |
| Other Comprehensive Income | ฿-9.57 Million | -2.04% |
| Other Changes | ฿10.98 Million | +2.34% |
| Total Change | ฿- | -25.90% |
Book Value vs Market Value Analysis
This analysis compares Delta Paint 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: 0.31x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿-0.04 | ฿0.63 | x |
| 2018-12-31 | ฿0.02 | ฿0.63 | x |
| 2019-12-31 | ฿0.28 | ฿0.63 | x |
| 2020-12-31 | ฿0.90 | ฿0.63 | x |
| 2021-12-31 | ฿2.61 | ฿0.63 | x |
| 2022-12-31 | ฿2.85 | ฿0.63 | x |
| 2023-12-31 | ฿2.75 | ฿0.63 | x |
| 2024-12-31 | ฿2.04 | ฿0.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Delta Paint 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): -35.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.82%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.13x
- Recent ROE (-35.26%) is below the historical average (47.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -9.56% | 1.26x | 0.00x | ฿-47.25 Million |
| 2018 | 316.77% | 2.31% | 1.12x | 122.70x | ฿11.70 Million |
| 2019 | 56.23% | 6.18% | 1.13x | 8.02x | ฿29.76 Million |
| 2020 | 20.82% | 7.20% | 0.89x | 3.24x | ฿22.29 Million |
| 2021 | 8.77% | 7.02% | 0.76x | 1.65x | ฿-7.38 Million |
| 2022 | 8.49% | 6.18% | 0.83x | 1.66x | ฿-9.92 Million |
| 2023 | 2.17% | 1.35% | 0.83x | 1.94x | ฿-49.48 Million |
| 2024 | -35.26% | -23.82% | 0.69x | 2.13x | ฿-211.85 Million |
Industry Comparison
This section compares Delta Paint PCL's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,944,065,381
- Average return on equity (ROE) among peers: 7.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Delta Paint PCL (DPAINT) | ฿402.08 Million | 0.00% | 1.21x | $154.45K |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 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 |
| 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 |