President Bakery Public Company Limited
President Bakery Public Company Limited manufactures and sells bakery products in Thailand. The company's bakery products include sliced and snack bread, burger and hot dog buns, snack buns, pastries, and confectioneries; sandwich and snack cakes; fried products; and fast food and catering products, as well as hot dog and hamburger buns. It also retails its products under the Deliya by Farmhouse,… Read more
President Bakery Public Company Limited (PB) - Net Assets
Latest net assets as of September 2025: ฿12.59 Billion THB
Based on the latest financial reports, President Bakery Public Company Limited (PB) has net assets worth ฿12.59 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿13.72 Billion) and total liabilities (฿1.13 Billion). 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 | ฿12.59 Billion |
| % of Total Assets | 91.78% |
| Annual Growth Rate | 13.81% |
| 5-Year Change | 34.52% |
| 10-Year Change | 133.65% |
| Growth Volatility | 13.44 |
President Bakery Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how President Bakery 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 Bakery Public Company Limited (2002–2024)
The table below shows the annual net assets of President Bakery Public Company Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿12.44 Billion | +5.98% |
| 2023-12-31 | ฿11.74 Billion | +7.39% |
| 2022-12-31 | ฿10.93 Billion | +7.83% |
| 2021-12-31 | ฿10.14 Billion | +9.63% |
| 2020-12-31 | ฿9.25 Billion | +10.52% |
| 2019-12-31 | ฿8.37 Billion | +12.78% |
| 2018-12-31 | ฿7.42 Billion | +10.64% |
| 2017-12-31 | ฿6.71 Billion | +10.15% |
| 2016-12-31 | ฿6.09 Billion | +14.35% |
| 2015-12-31 | ฿5.33 Billion | +15.11% |
| 2014-12-31 | ฿4.63 Billion | +13.37% |
| 2013-12-31 | ฿4.08 Billion | +14.55% |
| 2012-12-31 | ฿3.56 Billion | +12.69% |
| 2011-12-31 | ฿3.16 Billion | +16.56% |
| 2010-12-31 | ฿2.71 Billion | +14.51% |
| 2009-12-31 | ฿2.37 Billion | +12.77% |
| 2008-12-31 | ฿2.10 Billion | +12.79% |
| 2007-12-31 | ฿1.86 Billion | +7.85% |
| 2006-12-31 | ฿1.73 Billion | +74.64% |
| 2005-12-31 | ฿988.61 Million | +14.34% |
| 2004-12-31 | ฿864.63 Million | +9.45% |
| 2003-12-31 | ฿789.95 Million | +9.31% |
| 2002-12-31 | ฿722.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to President Bakery 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 6542.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿11.16 Billion | 89.72% |
| Common Stock | ฿450.00 Million | 3.62% |
| Other Comprehensive Income | ฿45.00 Million | 0.36% |
| Other Components | ฿784.07 Million | 6.30% |
| Total Equity | ฿12.44 Billion | 100.00% |
President Bakery Public Company Limited Competitors by Market Cap
The table below lists competitors of President Bakery Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shelf Drilling Ltd
PINK:SHLLF
|
$77.26 Million |
|
Evertop Wire Cable Corp
TW:1616
|
$77.29 Million |
|
Power Metals Corp
OTCQB:PWRMF
|
$77.30 Million |
|
3-D Matrix Ltd
PINK:DMTRF
|
$77.30 Million |
|
Crimson Wine
OTCQB:CWGL
|
$77.26 Million |
|
Kintor Pharmaceutical Limited
PINK:KNTPF
|
$77.25 Million |
|
Arverne Group S.A.
F:5H1
|
$77.25 Million |
|
Kangstem Biotech Co. Ltd
KQ:217730
|
$77.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in President Bakery Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,741,679,102 to 12,443,327,107, a change of 701,648,005 (6.0%).
- Net income of 1,590,585,080 contributed positively to equity growth.
- Dividend payments of 913,500,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.59 Billion | +12.78% |
| Dividends Paid | ฿913.50 Million | -7.34% |
| Other Changes | ฿24.56 Million | +0.2% |
| Total Change | ฿- | 5.98% |
Book Value vs Market Value Analysis
This analysis compares President Bakery 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: 1.75x
- 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 147.18x to 1.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿0.33 | ฿48.50 | x |
| 2006-12-31 | ฿4.52 | ฿48.50 | x |
| 2007-12-31 | ฿4.14 | ฿48.50 | x |
| 2008-12-31 | ฿4.67 | ฿48.50 | x |
| 2009-12-31 | ฿5.26 | ฿48.50 | x |
| 2010-12-31 | ฿6.03 | ฿48.50 | x |
| 2011-12-31 | ฿7.02 | ฿48.50 | x |
| 2012-12-31 | ฿7.92 | ฿48.50 | x |
| 2013-12-31 | ฿9.07 | ฿48.50 | x |
| 2014-12-31 | ฿10.28 | ฿48.50 | x |
| 2015-12-31 | ฿11.83 | ฿48.50 | x |
| 2016-12-31 | ฿13.53 | ฿48.50 | x |
| 2017-12-31 | ฿14.91 | ฿48.50 | x |
| 2018-12-31 | ฿16.49 | ฿48.50 | x |
| 2019-12-31 | ฿18.60 | ฿48.50 | x |
| 2020-12-31 | ฿20.56 | ฿48.50 | x |
| 2021-12-31 | ฿22.53 | ฿48.50 | x |
| 2022-12-31 | ฿24.30 | ฿48.50 | x |
| 2023-12-31 | ฿26.09 | ฿48.50 | x |
| 2024-12-31 | ฿27.65 | ฿48.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently President Bakery 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): 12.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.26%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.11x
- Recent ROE (12.78%) is below the historical average (19.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.03% | 7.14% | 1.39x | 1.41x | ฿31.81 Million |
| 2004 | 15.58% | 7.45% | 1.51x | 1.39x | ฿48.22 Million |
| 2005 | 19.37% | 8.92% | 1.34x | 1.62x | ฿92.62 Million |
| 2006 | 16.17% | 11.03% | 1.10x | 1.33x | ฿106.49 Million |
| 2007 | 15.01% | 10.10% | 1.11x | 1.34x | ฿93.37 Million |
| 2008 | 19.03% | 10.95% | 1.23x | 1.42x | ฿189.62 Million |
| 2009 | 21.53% | 13.00% | 1.24x | 1.33x | ฿273.04 Million |
| 2010 | 22.74% | 13.37% | 1.23x | 1.39x | ฿345.59 Million |
| 2011 | 26.07% | 14.89% | 1.28x | 1.37x | ฿507.96 Million |
| 2012 | 23.97% | 14.37% | 1.25x | 1.34x | ฿497.51 Million |
| 2013 | 23.14% | 14.73% | 1.21x | 1.30x | ฿536.25 Million |
| 2014 | 22.50% | 15.19% | 1.15x | 1.29x | ฿578.53 Million |
| 2015 | 24.50% | 17.76% | 1.09x | 1.26x | ฿772.09 Million |
| 2016 | 24.02% | 19.33% | 1.01x | 1.24x | ฿853.98 Million |
| 2017 | 19.91% | 17.93% | 0.93x | 1.19x | ฿664.77 Million |
| 2018 | 19.29% | 19.10% | 0.86x | 1.17x | ฿689.24 Million |
| 2019 | 20.32% | 21.96% | 0.82x | 1.13x | ฿863.80 Million |
| 2020 | 18.15% | 23.50% | 0.69x | 1.11x | ฿753.68 Million |
| 2021 | 16.64% | 23.57% | 0.64x | 1.11x | ฿673.63 Million |
| 2022 | 15.61% | 22.67% | 0.62x | 1.12x | ฿613.57 Million |
| 2023 | 14.54% | 22.65% | 0.58x | 1.10x | ฿533.60 Million |
| 2024 | 12.78% | 21.26% | 0.54x | 1.11x | ฿346.25 Million |
Industry Comparison
This section compares President Bakery Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,391,064,045
- Average return on equity (ROE) among peers: 10.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| President Bakery Public Company Limited (PB) | ฿12.59 Billion | 14.03% | 0.09x | $77.26 Million |
| Asian Alliance International PCL (AAI) | $5.03 Billion | 17.07% | 0.21x | $44.94 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $223.79 Million | 12.62% | 0.53x | $9.36 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.73 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.23 Billion | 20.55% | 1.36x | $7.74 Million |
| Chin Huay PCL (CH) | $1.26 Billion | 4.46% | 0.41x | $13.50 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $705.27 Million | 12.28% | 0.37x | $12.54 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.08 Billion | 4.18% | 0.16x | $3.81 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.35 Billion | 8.86% | 0.10x | $6.01 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $48.75 Million |
| DOD Biotech Public Company Limited (DOD) | $-1.44 Million | 0.00% | 0.00x | $13.94 Million |