PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED
Panelesmatic Solutions Public Company Limited designs, manufactures, sells, and installs door and wall products in Thailand and internationally. The company offers panelés operable walls, manusa automatic and hermetic doors, panelés acoustic glazing partition systems, panelés silence booths, acoustic panelés and felts, carpet tiles, motion 4 automatic doors, door hardware, lead sheets, and lead g… Read more
PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED (PANEL) - Net Assets
Latest net assets as of September 2025: ฿288.98 Million THB
Based on the latest financial reports, PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED (PANEL) has net assets worth ฿288.98 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 (฿320.27 Million) and total liabilities (฿31.29 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 | ฿288.98 Million |
| % of Total Assets | 90.23% |
| Annual Growth Rate | 29.46% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 89.55 |
PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED - Net Assets Trend (2020–2024)
This chart illustrates how PANELESMATIC SOLUTIONS 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 PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED (2020–2024)
The table below shows the annual net assets of PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿278.88 Million | +203.51% |
| 2023-12-31 | ฿91.89 Million | -10.66% |
| 2022-12-31 | ฿102.85 Million | -10.55% |
| 2021-12-31 | ฿114.98 Million | +15.82% |
| 2020-12-31 | ฿99.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PANELESMATIC SOLUTIONS 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 decreased by 13.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿27.84 Million | 9.98% |
| Other Components | ฿251.04 Million | 90.02% |
| Total Equity | ฿278.88 Million | 100.00% |
PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED Competitors by Market Cap
The table below lists competitors of PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capelli SA
PA:ALCAP
|
$1.77 Million |
|
LULULEMON ATHL
BE:33L
|
$1.77 Million |
|
Flexidynamic Holdings Bhd
KLSE:0231
|
$1.77 Million |
|
SONASID
BC:SONASID
|
$1.77 Million |
|
Max Resource Corp
PINK:MXROF
|
$1.77 Million |
|
INTACT FINANCIAL
BE:I5U
|
$1.77 Million |
|
Afyren SAS
PA:ALAFY
|
$1.77 Million |
|
Courtois S.A
PA:COUR
|
$1.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 91,886,650 to 278,883,731, a change of 186,997,081 (203.5%).
- Net income of 20,026,570 contributed positively to equity growth.
- Dividend payments of 7,600,000 reduced retained earnings.
- New share issuances of 175,280,486 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿20.03 Million | +7.18% |
| Dividends Paid | ฿7.60 Million | -2.73% |
| Share Issuances | ฿175.28 Million | +62.85% |
| Other Changes | ฿-709.98K | -0.25% |
| Total Change | ฿- | 203.51% |
Book Value vs Market Value Analysis
This analysis compares PANELESMATIC SOLUTIONS 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: 0.83x
- 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 1.94x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ฿0.63 | ฿1.22 | x |
| 2021-12-31 | ฿0.54 | ฿1.22 | x |
| 2022-12-31 | ฿0.54 | ฿1.22 | x |
| 2023-12-31 | ฿0.48 | ฿1.22 | x |
| 2024-12-31 | ฿1.47 | ฿1.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PANELESMATIC SOLUTIONS 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): 7.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.43%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.12x
- Recent ROE (7.18%) is below the historical average (13.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.58% | 15.90% | 0.49x | 1.35x | ฿597.25K |
| 2022 | 15.49% | 14.46% | 0.80x | 1.34x | ฿5.65 Million |
| 2023 | 19.63% | 13.65% | 0.90x | 1.60x | ฿8.85 Million |
| 2024 | 7.18% | 13.43% | 0.48x | 1.12x | ฿-7.86 Million |
Industry Comparison
This section compares PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED (PANEL) | ฿288.98 Million | 10.58% | 0.11x | $1.77 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |