Pico (Thailand) Public Company Limited
Pico (Thailand) Public Company Limited, together with its subsidiaries, provides exhibition management and services in Thailand. The company operates through five segments: Exhibition Business, Event Marketing Business, Learning Center and Museum Business, Knowledge Communication Business, and Other Business. It is also involved in the event marketing and branding, and knowledge communication bus… Read more
Pico (Thailand) Public Company Limited (PICO) - Net Assets
Latest net assets as of October 2025: ฿437.36 Million THB
Based on the latest financial reports, Pico (Thailand) Public Company Limited (PICO) has net assets worth ฿437.36 Million THB as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿851.94 Million) and total liabilities (฿414.58 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 | ฿437.36 Million |
| % of Total Assets | 51.34% |
| Annual Growth Rate | 5.98% |
| 5-Year Change | 30.17% |
| 10-Year Change | -2.34% |
| Growth Volatility | 22.46 |
Pico (Thailand) Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Pico (Thailand) 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 Pico (Thailand) Public Company Limited (2003–2025)
The table below shows the annual net assets of Pico (Thailand) Public Company Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | ฿437.36 Million | +0.57% |
| 2024-10-31 | ฿434.89 Million | +10.85% |
| 2023-10-31 | ฿392.33 Million | +6.19% |
| 2022-10-31 | ฿369.47 Million | +9.96% |
| 2021-10-31 | ฿335.99 Million | -7.87% |
| 2020-10-31 | ฿364.70 Million | -25.09% |
| 2019-10-31 | ฿486.85 Million | -3.74% |
| 2018-10-31 | ฿505.77 Million | +9.75% |
| 2017-10-31 | ฿460.81 Million | +2.90% |
| 2016-10-31 | ฿447.82 Million | -1.53% |
| 2015-10-31 | ฿454.78 Million | +5.56% |
| 2014-10-31 | ฿430.83 Million | -1.93% |
| 2013-10-31 | ฿439.32 Million | +3.67% |
| 2012-10-31 | ฿423.78 Million | +3.33% |
| 2011-10-31 | ฿410.14 Million | +18.16% |
| 2010-10-31 | ฿347.09 Million | +17.04% |
| 2009-10-31 | ฿296.56 Million | -14.37% |
| 2008-10-31 | ฿346.33 Million | +5.53% |
| 2007-10-31 | ฿328.17 Million | +3.34% |
| 2006-10-31 | ฿317.57 Million | +11.68% |
| 2005-10-31 | ฿284.37 Million | +16.55% |
| 2004-10-31 | ฿243.99 Million | +100.07% |
| 2003-10-31 | ฿121.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pico (Thailand) 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 43.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿51.92 Million | 11.97% |
| Other Components | ฿381.81 Million | 88.03% |
| Total Equity | ฿433.74 Million | 100.00% |
Pico (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Pico (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TPC Consolidated Ltd
AU:TPC
|
$5.95 Million |
|
Capitea S.A.
WAR:CAP
|
$5.95 Million |
|
Glycorex Transplantation AB (publ)
F:O33
|
$5.95 Million |
|
Maxindo Karya Anugerah
JK:MAXI
|
$5.95 Million |
|
Delorean Corporation Ltd
AU:DEL
|
$5.95 Million |
|
Standard Uranium Ltd.
OTCQB:STTDF
|
$5.95 Million |
|
Vibhor Steel Tubes Limited
NSE:VSTL
|
$5.94 Million |
|
Rougier S.A.
PA:ALRGR
|
$5.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pico (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 431,679,831 to 433,735,514, a change of 2,055,683 (0.5%).
- Net income of 19,698,964 contributed positively to equity growth.
- Dividend payments of 21,562,456 reduced retained earnings.
- Other comprehensive income decreased equity by 21,562,478.
- Other factors increased equity by 25,481,653.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿19.70 Million | +4.54% |
| Dividends Paid | ฿21.56 Million | -4.97% |
| Other Comprehensive Income | ฿-21.56 Million | -4.97% |
| Other Changes | ฿25.48 Million | +5.87% |
| Total Change | ฿- | 0.48% |
Book Value vs Market Value Analysis
This analysis compares Pico (Thailand) 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: 2.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.85x to 2.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-10-31 | ฿2.30 | ฿4.26 | x |
| 2004-10-31 | ฿1.54 | ฿4.26 | x |
| 2005-10-31 | ฿1.60 | ฿4.26 | x |
| 2006-10-31 | ฿1.79 | ฿4.26 | x |
| 2007-10-31 | ฿1.88 | ฿4.26 | x |
| 2008-10-31 | ฿1.99 | ฿4.26 | x |
| 2009-10-31 | ฿1.69 | ฿4.26 | x |
| 2010-10-31 | ฿1.99 | ฿4.26 | x |
| 2011-10-31 | ฿3.53 | ฿4.26 | x |
| 2012-10-31 | ฿1.94 | ฿4.26 | x |
| 2013-10-31 | ฿2.00 | ฿4.26 | x |
| 2014-10-31 | ฿1.98 | ฿4.26 | x |
| 2015-10-31 | ฿2.09 | ฿4.26 | x |
| 2016-10-31 | ฿2.06 | ฿4.26 | x |
| 2017-10-31 | ฿2.12 | ฿4.26 | x |
| 2018-10-31 | ฿2.33 | ฿4.26 | x |
| 2019-10-31 | ฿2.24 | ฿4.26 | x |
| 2020-10-31 | ฿1.69 | ฿4.26 | x |
| 2021-10-31 | ฿1.56 | ฿4.26 | x |
| 2022-10-31 | ฿1.71 | ฿4.26 | x |
| 2023-10-31 | ฿1.81 | ฿4.26 | x |
| 2024-10-31 | ฿2.01 | ฿4.26 | x |
| 2025-10-31 | ฿2.01 | ฿4.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pico (Thailand) 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): 4.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.54%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 1.96x
- Recent ROE (4.54%) is below the historical average (9.35%), 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 | 25.92% | 6.71% | 1.91x | 2.02x | ฿18.51 Million |
| 2004 | 17.40% | 6.41% | 1.74x | 1.56x | ฿17.50 Million |
| 2005 | 15.14% | 5.79% | 1.68x | 1.56x | ฿14.16 Million |
| 2006 | 23.17% | 6.41% | 2.11x | 1.71x | ฿40.50 Million |
| 2007 | 15.51% | 4.81% | 1.66x | 1.94x | ฿17.82 Million |
| 2008 | 18.87% | 6.30% | 1.71x | 1.75x | ฿30.32 Million |
| 2009 | -10.26% | -5.07% | 1.40x | 1.44x | ฿-58.99 Million |
| 2010 | 14.41% | 5.48% | 1.12x | 2.34x | ฿15.07 Million |
| 2011 | 18.33% | 5.44% | 1.55x | 2.18x | ฿33.66 Million |
| 2012 | 15.53% | 5.04% | 1.57x | 1.96x | ฿23.13 Million |
| 2013 | 8.68% | 3.59% | 1.43x | 1.69x | ฿-5.70 Million |
| 2014 | -1.14% | -0.50% | 1.34x | 1.70x | ฿-47.51 Million |
| 2015 | 14.83% | 5.34% | 1.31x | 2.13x | ฿21.74 Million |
| 2016 | 7.81% | 2.47% | 1.56x | 2.03x | ฿-9.71 Million |
| 2017 | 9.71% | 3.22% | 1.48x | 2.03x | ฿-1.30 Million |
| 2018 | 14.46% | 3.59% | 1.78x | 2.26x | ฿22.34 Million |
| 2019 | 10.42% | 3.27% | 1.63x | 1.95x | ฿2.01 Million |
| 2020 | -17.42% | -8.69% | 1.12x | 1.79x | ฿-99.88 Million |
| 2021 | -8.55% | -4.52% | 0.97x | 1.94x | ฿-62.33 Million |
| 2022 | 5.40% | 1.80% | 1.44x | 2.08x | ฿-16.97 Million |
| 2023 | 5.53% | 2.08% | 1.42x | 1.87x | ฿-17.45 Million |
| 2024 | 6.82% | 2.25% | 1.64x | 1.85x | ฿-13.74 Million |
| 2025 | 4.54% | 1.54% | 1.51x | 1.96x | ฿-23.67 Million |
Industry Comparison
This section compares Pico (Thailand) Public Company Limited's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $1,840,106,675
- Average return on equity (ROE) among peers: 21.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pico (Thailand) Public Company Limited (PICO) | ฿437.36 Million | 25.92% | 0.95x | $5.95 Million |
| AddTech Hub Public Company Limited (ADD) | $25.41 Million | 103.83% | 1.76x | $7.07 Million |
| Aqua Corporation Public Company Limited (AQUA) | $846.18 Million | 3.69% | 0.23x | $10.21 Million |
| CMO Public Company Limited (CMO) | $500.06 Million | 10.58% | 1.31x | $4.46 Million |
| Far East Fame Line DDB Public Company Limited (FE) | $1.42 Billion | 5.35% | 0.25x | $9.47 Million |
| Grand Prix International Public Company Limited (GPI) | $783.43 Million | 16.79% | 0.28x | $11.33 Million |
| LTMH Public Company Limited (LTMH) | $80.09 Million | 38.93% | 0.63x | $1.27K |
| MCA_MARKET CONNECTIONS ASIA (MCA) | $85.03 Million | 3.22% | 0.63x | $2.32 Million |
| M Vision Public Company Limited (MVP) | $229.29 Million | 2.43% | 0.76x | $747.17K |
| Plan B Media PCL (PLANB) | $12.59 Billion | 8.78% | 0.55x | $245.64 Million |