Permsin Steel Works Public Company Limited

BK:PERM Thailand Steel
Market Cap
$4.86 Million
฿168.66 Million THB
Market Cap Rank
#33563 Global
#780 in Thailand
Share Price
฿0.22
Change (1 day)
+4.76%
52-Week Range
฿0.16 - ฿0.42
All Time High
฿4.40
Categories
Companies in Thailand Steel
About

Permsin Steel Works Public Company Limited, together with its subsidiaries, manufactures and distributes steel products in Thailand. It operates in three segments: Distribution of Rolled Steel, Manufacturing and Distribution of Metal Sheet, and Manufacturing and Distribution of Pre-Painted Steel Coil segments. The company's product portfolio includes hot and cold rolled steel, electro-galvanized … Read more

Permsin Steel Works Public Company Limited (PERM) - Net Assets

Latest net assets as of September 2025: ฿336.08 Million THB

Based on the latest financial reports, Permsin Steel Works Public Company Limited (PERM) has net assets worth ฿336.08 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 (฿3.94 Billion) and total liabilities (฿3.60 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 ฿336.08 Million
% of Total Assets 8.54%
Annual Growth Rate 17.21%
5-Year Change -60.7%
10-Year Change -22.64%
Growth Volatility 460.29

Permsin Steel Works Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how Permsin Steel Works 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 Permsin Steel Works Public Company Limited (2003–2024)

The table below shows the annual net assets of Permsin Steel Works Public Company Limited from 2003 to 2024.

Year Net Assets Change
2024-12-31 ฿446.75 Million -41.66%
2023-12-31 ฿765.75 Million -33.82%
2022-12-31 ฿1.16 Billion -30.29%
2021-12-31 ฿1.66 Billion +46.00%
2020-12-31 ฿1.14 Billion +2.36%
2019-12-31 ฿1.11 Billion +13.99%
2018-12-31 ฿974.37 Million -8.46%
2017-12-31 ฿1.06 Billion +7.47%
2016-12-31 ฿990.51 Million +71.51%
2015-12-31 ฿577.53 Million -33.33%
2014-12-31 ฿866.27 Million +2.09%
2013-12-31 ฿848.57 Million -2.87%
2012-12-31 ฿873.67 Million +3.50%
2011-12-31 ฿844.12 Million +1.12%
2010-12-31 ฿834.78 Million +6.12%
2009-12-31 ฿786.64 Million -8.93%
2008-12-31 ฿863.78 Million -1.26%
2007-12-31 ฿874.82 Million +0.44%
2006-12-31 ฿870.98 Million -1.19%
2005-12-31 ฿881.44 Million +145.13%
2004-12-31 ฿359.58 Million +2160.32%
2003-12-31 ฿15.91 Million --

Equity Component Analysis

This analysis shows how different components contribute to Permsin Steel Works 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 6616.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock ฿766.66 Million 175.12%
Other Comprehensive Income ฿60.00 Million 13.71%
Other Components ฿256.78 Million 58.65%
Total Equity ฿437.79 Million 100.00%

Permsin Steel Works Public Company Limited Competitors by Market Cap

The table below lists competitors of Permsin Steel Works Public Company Limited ranked by their market capitalization.

Company Market Cap
Bright Packaging Industry Bhd
KLSE:9938
 		$2.53 Million
NORFOLK SOUTHERN (NFS.SG)
STU:NFS
 		$2.53 Million
Coast Copper Corp
PINK:COCCF
 		$2.53 Million
Wa Kaolin Ltd
AU:WAK
 		$2.53 Million
SU Group Holdings Limited Ordinary Shares
NASDAQ:SUGP
 		$2.53 Million
Bonso Electronics International Inc.
PINK:BNSOF
 		$2.52 Million
QMC Quantum Minerals Corp
PINK:QMCQF
 		$2.52 Million
Mycron Steel Bhd
KLSE:5087
 		$2.52 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Permsin Steel Works Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 744,408,113 to 437,786,680, a change of -306,621,433 (-41.2%).
  • Net loss of 310,725,544 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿-310.73 Million -70.98%
Other Changes ฿4.10 Million +0.94%
Total Change ฿- -41.19%

Book Value vs Market Value Analysis

This analysis compares Permsin Steel Works 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: 0.39x
  • 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 0.00x to 0.39x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-12-31 ฿226.41 ฿0.22 x
2004-12-31 ฿430.49 ฿0.22 x
2005-12-31 ฿1.65 ฿0.22 x
2006-12-31 ฿1.49 ฿0.22 x
2007-12-31 ฿1.49 ฿0.22 x
2008-12-31 ฿1.48 ฿0.22 x
2009-12-31 ฿1.34 ฿0.22 x
2010-12-31 ฿1.43 ฿0.22 x
2011-12-31 ฿1.43 ฿0.22 x
2012-12-31 ฿1.27 ฿0.22 x
2013-12-31 ฿1.23 ฿0.22 x
2014-12-31 ฿1.47 ฿0.22 x
2015-12-31 ฿0.85 ฿0.22 x
2016-12-31 ฿1.68 ฿0.22 x
2017-12-31 ฿1.84 ฿0.22 x
2018-12-31 ฿1.60 ฿0.22 x
2019-12-31 ฿1.69 ฿0.22 x
2020-12-31 ฿1.47 ฿0.22 x
2021-12-31 ฿2.00 ฿0.22 x
2022-12-31 ฿1.47 ฿0.22 x
2023-12-31 ฿0.97 ฿0.22 x
2024-12-31 ฿0.57 ฿0.22 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Permsin Steel Works 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): -70.98%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -8.53%
  • • Asset Turnover: 0.90x
  • • Equity Multiplier: 9.27x
  • Recent ROE (-70.98%) is below the historical average (-2.87%), 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 36.76% 0.48% 2.83x 26.96x ฿4.26 Million
2004 13.81% 2.99% 1.47x 3.14x ฿13.71 Million
2005 8.90% 3.39% 1.49x 1.76x ฿-9.74 Million
2006 3.39% 1.35% 1.15x 2.20x ฿-57.56 Million
2007 2.15% 0.97% 1.10x 2.01x ฿-68.65 Million
2008 -1.28% -0.50% 1.17x 2.17x ฿-97.42 Million
2009 -9.81% -3.28% 1.24x 2.41x ฿-155.80 Million
2010 5.77% 1.44% 1.67x 2.41x ฿-35.34 Million
2011 4.38% 0.79% 1.92x 2.90x ฿-47.40 Million
2012 7.05% 1.50% 1.60x 2.93x ฿-25.79 Million
2013 0.50% 0.08% 2.20x 2.76x ฿-80.57 Million
2014 2.08% 0.30% 1.32x 5.21x ฿-68.57 Million
2015 -45.67% -5.76% 1.39x 5.69x ฿-321.49 Million
2016 41.62% 7.90% 1.30x 4.04x ฿313.24 Million
2017 13.89% 2.76% 1.44x 3.48x ฿41.37 Million
2018 -5.33% -1.09% 1.12x 4.37x ฿-149.10 Million
2019 -13.89% -3.39% 1.17x 3.50x ฿-256.17 Million
2020 2.56% 0.69% 1.50x 2.50x ฿-81.81 Million
2021 32.50% 8.16% 1.36x 2.94x ฿365.88 Million
2022 -41.68% -8.54% 1.25x 3.89x ฿-575.99 Million
2023 -49.83% -10.27% 0.85x 5.71x ฿-445.35 Million
2024 -70.98% -8.53% 0.90x 9.27x ฿-354.50 Million

Industry Comparison

This section compares Permsin Steel Works Public Company Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $3,832,504,675
  • Average return on equity (ROE) among peers: 3.77%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Permsin Steel Works Public Company Limited (PERM) ฿336.08 Million 36.76% 10.72x $2.53 Million
2S Metal Public Company Limited (2S) $2.01 Billion 7.96% 0.08x $15.57 Million
Asia Metal Public Company Limited (AMC) $1.74 Billion -1.01% 1.31x $6.92 Million
Bangsaphan Barmill Public Company Limited (BSBM) $1.77 Billion -4.87% 0.15x $5.30 Million
Capital Engineering Network Public Company Limited (CEN) $2.12 Billion 6.05% 0.11x $5.35 Million
Chow Steel Industries Public Company Limited (CHOW) $1.35 Billion 2.41% 8.79x $8.20 Million
CSP Steel Center Public Company Limited (CSP) $776.65 Million 12.95% 2.02x $926.38K
G J Steel Public Company Limited (GJS) $11.94 Billion -0.06% 0.49x $33.84 Million
POSCO-Thainox Public Company Limited (INOX) $11.31 Billion 3.58% 0.35x $11.12 Million
Lohakit Metal Public Company Limited (LHK) $1.54 Billion 6.35% 0.44x $15.32 Million
M.C.S. Steel Public Company Limited (MCS) $3.76 Billion 4.37% 0.40x $112.11 Million