President Automobile Industries Public Company Limited
President Automobile Industries Public Company Limited produces and distributes automotive air conditioning components in the Middle East, Thailand, Southeast Asia, North America, South Asia, South America, Europe, Australia, and internationally. The company offers condensers, evaporators, refrigerants, compressors, intercoolers, oil coolers, air conditioning electrical parts, and other accessori… Read more
President Automobile Industries Public Company Limited (PACO) - Net Assets
Latest net assets as of September 2025: ฿956.80 Million THB
Based on the latest financial reports, President Automobile Industries Public Company Limited (PACO) has net assets worth ฿956.80 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 (฿1.22 Billion) and total liabilities (฿262.21 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 | ฿956.80 Million |
| % of Total Assets | 78.49% |
| Annual Growth Rate | 8.96% |
| 5-Year Change | 115.49% |
| 10-Year Change | N/A |
| Growth Volatility | 31.71 |
President Automobile Industries Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how President Automobile Industries 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 President Automobile Industries Public Company Limited (2016–2024)
The table below shows the annual net assets of President Automobile Industries Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.01 Billion | +0.34% |
| 2023-12-31 | ฿1.01 Billion | +7.84% |
| 2022-12-31 | ฿933.81 Million | +3.61% |
| 2021-12-31 | ฿901.31 Million | +92.23% |
| 2020-12-31 | ฿468.87 Million | -24.01% |
| 2019-12-31 | ฿617.02 Million | +6.34% |
| 2018-12-31 | ฿580.26 Million | +5.31% |
| 2017-12-31 | ฿551.01 Million | +8.32% |
| 2016-12-31 | ฿508.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to President Automobile Industries 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 71.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿237.96 Million | 23.55% |
| Other Components | ฿772.44 Million | 76.45% |
| Total Equity | ฿1.01 Billion | 100.00% |
President Automobile Industries Public Company Limited Competitors by Market Cap
The table below lists competitors of President Automobile Industries Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PIL ITALICA LIFESTYLE LIMITED
NSE:PILITA
|
$8.59 Million |
|
Envar Holding AB (publ)
F:LD5
|
$8.60 Million |
|
PT Ingria Pratama Capitalindo Tbk
JK:GRIA
|
$8.60 Million |
|
Gouverneur Bancorp
OTCQB:GOVB
|
$8.60 Million |
|
Kvutzat Acro Ltd.
TA:ACRO
|
$8.59 Million |
|
CORESTATE Capital Holding S.A
XETRA:CCAP
|
$8.59 Million |
|
Chai Watana Tannery Group Public Company Limited
BK:CWT
|
$8.58 Million |
|
Pelikan International Corp
KLSE:5231
|
$8.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in President Automobile Industries Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,007,005,801 to 1,010,399,190, a change of 3,393,389 (0.3%).
- Net income of 147,496,015 contributed positively to equity growth.
- Dividend payments of 89,937,392 reduced retained earnings.
- Other comprehensive income decreased equity by 39,977,368.
- Other factors decreased equity by 14,187,866.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿147.50 Million | +14.6% |
| Dividends Paid | ฿89.94 Million | -8.9% |
| Other Comprehensive Income | ฿-39.98 Million | -3.96% |
| Other Changes | ฿-14.19 Million | -1.4% |
| Total Change | ฿- | 0.34% |
Book Value vs Market Value Analysis
This analysis compares President Automobile Industries 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: 1.26x
- 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 1.85x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.69 | ฿1.27 | x |
| 2017-12-31 | ฿1.86 | ฿1.27 | x |
| 2018-12-31 | ฿1.96 | ฿1.27 | x |
| 2019-12-31 | ฿0.62 | ฿1.27 | x |
| 2020-12-31 | ฿0.47 | ฿1.27 | x |
| 2021-12-31 | ฿0.95 | ฿1.27 | x |
| 2022-12-31 | ฿0.93 | ฿1.27 | x |
| 2023-12-31 | ฿1.01 | ฿1.27 | x |
| 2024-12-31 | ฿1.01 | ฿1.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently President Automobile Industries 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): 14.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.43%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.32x
- Recent ROE (14.60%) is above the historical average (9.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.51% | 2.84% | 0.75x | 2.10x | ฿-27.91 Million |
| 2017 | 7.73% | 5.43% | 0.85x | 1.68x | ฿-12.53 Million |
| 2018 | 5.00% | 4.50% | 0.62x | 1.80x | ฿-29.01 Million |
| 2019 | 4.97% | 4.52% | 0.71x | 1.55x | ฿-31.04 Million |
| 2020 | 16.39% | 11.52% | 0.65x | 2.19x | ฿29.97 Million |
| 2021 | 11.95% | 15.46% | 0.61x | 1.27x | ฿17.55 Million |
| 2022 | 8.83% | 9.25% | 0.63x | 1.51x | ฿-10.88 Million |
| 2023 | 7.27% | 7.13% | 0.75x | 1.35x | ฿-27.50 Million |
| 2024 | 14.60% | 14.43% | 0.77x | 1.32x | ฿46.46 Million |
Industry Comparison
This section compares President Automobile Industries Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,824,130,983
- Average return on equity (ROE) among peers: 5.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| President Automobile Industries Public Company Limited (PACO) | ฿956.80 Million | 4.51% | 0.27x | $8.59 Million |
| AAPICO Hitech Public Company Limited (AH) | $4.52 Billion | 5.09% | 1.05x | $75.69 Million |
| CPR Gomu Industrial PCL (CPR) | $475.50 Million | 13.62% | 0.18x | $3.23 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $755.29 Million | 3.98% | 1.02x | $8.58 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $1.33 Billion | 15.39% | 1.11x | $17.95 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $2.88 Billion | 8.09% | 0.26x | $7.46 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $1.19 Billion | 0.00% | 0.28x | $37.35 Million |
| Interhides Public Company Limited (IHL) | $1.64 Billion | 3.49% | 1.44x | $6.94 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.46 Billion | -3.09% | 0.68x | $4.95 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $2.05 Billion | 7.34% | 0.80x | $15.61 Million |
| N.D. Rubber Public Company Limited (NDR) | $946.85 Million | 0.86% | 0.29x | $8.48 Million |