Pan Asia Footwear Public Company Limited
Pan Asia Footwear Public Company Limited manufactures, distributes, and exports footwear and bags in Thailand. The company engages in the production of soles and parts for footwear; plastic parts and injection; and polypropylene cutting boards and eyelets, as well as manufacture and repair of molds; and dyeing of fabrics. It is also involved in organic farming business activities. Pan Asia Footwe… Read more
Pan Asia Footwear Public Company Limited (PAF) - Net Assets
Latest net assets as of September 2025: ฿660.83 Million THB
Based on the latest financial reports, Pan Asia Footwear Public Company Limited (PAF) has net assets worth ฿660.83 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 (฿1.13 Billion) and total liabilities (฿469.08 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 | ฿660.83 Million |
| % of Total Assets | 58.49% |
| Annual Growth Rate | -2.87% |
| 5-Year Change | 0.3% |
| 10-Year Change | 127.64% |
| Growth Volatility | 81.13 |
Pan Asia Footwear Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Pan Asia Footwear 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 Pan Asia Footwear Public Company Limited (2000–2024)
The table below shows the annual net assets of Pan Asia Footwear Public Company Limited from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿624.64 Million | -1.71% |
| 2023-12-31 | ฿635.52 Million | +1.57% |
| 2022-12-31 | ฿625.67 Million | +2.29% |
| 2021-12-31 | ฿611.67 Million | -1.78% |
| 2020-12-31 | ฿622.79 Million | +15.04% |
| 2019-12-31 | ฿541.35 Million | +10.65% |
| 2018-12-31 | ฿489.24 Million | +13.03% |
| 2017-12-31 | ฿432.86 Million | -10.67% |
| 2016-12-31 | ฿484.57 Million | +76.59% |
| 2015-12-31 | ฿274.40 Million | +316.90% |
| 2014-12-31 | ฿65.82 Million | +88.81% |
| 2013-12-31 | ฿34.86 Million | +113.24% |
| 2012-12-31 | ฿-263.24 Million | -152.93% |
| 2011-12-31 | ฿497.37 Million | +0.52% |
| 2010-12-31 | ฿494.78 Million | -59.51% |
| 2009-12-31 | ฿1.22 Billion | -28.62% |
| 2008-12-31 | ฿1.71 Billion | -32.11% |
| 2007-12-31 | ฿2.52 Billion | +0.25% |
| 2006-12-31 | ฿2.51 Billion | +53.00% |
| 2005-12-31 | ฿1.64 Billion | -21.01% |
| 2004-12-31 | ฿2.08 Billion | +23.48% |
| 2003-12-31 | ฿1.69 Billion | -48.53% |
| 2002-12-31 | ฿3.27 Billion | +61.11% |
| 2001-12-31 | ฿2.03 Billion | +61.72% |
| 2000-12-31 | ฿1.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pan Asia Footwear 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 100.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿299.79 Million | 50.50% |
| Common Stock | ฿275.40 Million | 46.39% |
| Other Comprehensive Income | ฿44.16 Million | 7.44% |
| Total Equity | ฿593.60 Million | 100.00% |
Pan Asia Footwear Public Company Limited Competitors by Market Cap
The table below lists competitors of Pan Asia Footwear Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Redsense Medical AB (publ)
OTCGREY:RDSNF
|
$5.24 Million |
|
Cazaly Resources Ltd
AU:CAZ
|
$5.24 Million |
|
EV RESOURCES LTD.
F:R1EA
|
$5.24 Million |
|
Comet Industries Ltd
V:CMU
|
$5.24 Million |
|
NINtec Systems Limited
NSE:NINSYS
|
$5.24 Million |
|
ISE Commerce Company Limited
KQ:069920
|
$5.23 Million |
|
REABOLD RESOURCES LS-001
F:AWL1
|
$5.23 Million |
|
Superior Resources Ltd
AU:SPQ
|
$5.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pan Asia Footwear Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 605,765,296 to 593,599,140, a change of -12,166,156 (-2.0%).
- Net loss of 5,441,598 reduced equity.
- Dividend payments of 5,505,104 reduced retained earnings.
- Other comprehensive income increased equity by 149,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-5.44 Million | -0.92% |
| Dividends Paid | ฿5.51 Million | -0.93% |
| Other Comprehensive Income | ฿149.00K | +0.03% |
| Other Changes | ฿-1.37 Million | -0.23% |
| Total Change | ฿- | -2.01% |
Book Value vs Market Value Analysis
This analysis compares Pan Asia Footwear 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: 0.61x
- 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 increased from 0.13x to 0.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿5.00 | ฿0.67 | x |
| 2007-12-31 | ฿4.50 | ฿0.67 | x |
| 2008-12-31 | ฿4.49 | ฿0.67 | x |
| 2009-12-31 | ฿3.21 | ฿0.67 | x |
| 2010-12-31 | ฿1.30 | ฿0.67 | x |
| 2011-12-31 | ฿0.90 | ฿0.67 | x |
| 2012-12-31 | ฿-0.50 | ฿0.67 | x |
| 2013-12-31 | ฿0.05 | ฿0.67 | x |
| 2014-12-31 | ฿0.11 | ฿0.67 | x |
| 2015-12-31 | ฿0.40 | ฿0.67 | x |
| 2016-12-31 | ฿0.84 | ฿0.67 | x |
| 2017-12-31 | ฿0.72 | ฿0.67 | x |
| 2018-12-31 | ฿0.84 | ฿0.67 | x |
| 2019-12-31 | ฿0.89 | ฿0.67 | x |
| 2020-12-31 | ฿1.10 | ฿0.67 | x |
| 2021-12-31 | ฿1.09 | ฿0.67 | x |
| 2022-12-31 | ฿1.11 | ฿0.67 | x |
| 2023-12-31 | ฿1.12 | ฿0.67 | x |
| 2024-12-31 | ฿1.10 | ฿0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pan Asia Footwear 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): -0.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.21%
- • Asset Turnover: 2.54x
- • Equity Multiplier: 1.69x
- Recent ROE (-0.92%) is below the historical average (44.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.18% | 5.14% | 0.99x | 3.19x | ฿74.60 Million |
| 2002 | 4.75% | 2.01% | 1.20x | 1.97x | ฿-157.89 Million |
| 2004 | 13.79% | 3.78% | 1.29x | 2.83x | ฿77.53 Million |
| 2006 | 9.54% | 1.68% | 1.57x | 3.63x | ฿-7.04 Million |
| 2007 | -10.03% | -1.97% | 1.33x | 3.82x | ฿-276.67 Million |
| 2008 | -4.92% | -0.97% | 1.44x | 3.55x | ฿-205.63 Million |
| 2009 | -30.88% | -5.80% | 1.35x | 3.94x | ฿-402.17 Million |
| 2010 | -146.65% | -19.70% | 0.85x | 8.73x | ฿-641.84 Million |
| 2011 | -35.31% | -3.93% | 1.20x | 7.46x | ฿-182.98 Million |
| 2012 | 0.00% | -47.26% | 1.16x | 0.00x | ฿-965.33 Million |
| 2013 | 946.85% | 24.28% | 1.24x | 31.35x | ฿229.81 Million |
| 2014 | 55.69% | 5.93% | 0.75x | 12.60x | ฿25.32 Million |
| 2015 | 74.62% | 30.57% | 0.71x | 3.45x | ฿141.11 Million |
| 2016 | 53.40% | 32.02% | 1.00x | 1.68x | ฿196.98 Million |
| 2017 | -11.10% | -5.54% | 1.10x | 1.83x | ฿-83.41 Million |
| 2018 | 11.91% | 7.01% | 1.02x | 1.67x | ฿8.50 Million |
| 2019 | 7.83% | 4.97% | 1.03x | 1.53x | ฿-10.47 Million |
| 2020 | 15.02% | 14.75% | 0.71x | 1.43x | ฿29.95 Million |
| 2021 | -0.33% | -0.28% | 0.78x | 1.47x | ฿-60.55 Million |
| 2022 | 3.54% | 1.49% | 1.24x | 1.91x | ฿-38.67 Million |
| 2023 | -0.43% | -0.09% | 2.63x | 1.79x | ฿-63.18 Million |
| 2024 | -0.92% | -0.21% | 2.54x | 1.69x | ฿-64.80 Million |
Industry Comparison
This section compares Pan Asia Footwear Public Company Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $686,833,500
- Average return on equity (ROE) among peers: 29.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan Asia Footwear Public Company Limited (PAF) | ฿660.83 Million | 16.18% | 0.71x | $5.24 Million |
| CPL Group Public Company Limited (CPL) | $712.72 Million | 13.89% | 0.14x | $1.41 Million |
| Rich Sport Public Company Limited (RSP) | $660.95 Million | 45.20% | 0.32x | $6.16 Million |