Pico (Thailand) Public Company Limited (PICO) - Net Assets

Latest as of October 2025: ฿437.36 Million THB ≈ $13.63 Million USD

Based on the latest financial reports, Pico (Thailand) Public Company Limited (PICO) has net assets worth ฿437.36 Million THB (≈ $13.63 Million USD) 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 ≈ $26.55 Million USD) and total liabilities (฿414.58 Million ≈ $12.92 Million USD). 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. Check Pico (Thailand) Public Company Limited (PICO) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Pico (Thailand) Public Company Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is Pico (Thailand) Public Company Limited worth.

Year Net Assets Change
2025-10-31 ฿437.36 Million
≈ $13.63 Million		 +0.57%
2024-10-31 ฿434.89 Million
≈ $13.56 Million		 +10.85%
2023-10-31 ฿392.33 Million
≈ $12.23 Million		 +6.19%
2022-10-31 ฿369.47 Million
≈ $11.52 Million		 +9.96%
2021-10-31 ฿335.99 Million
≈ $10.47 Million		 -7.87%
2020-10-31 ฿364.70 Million
≈ $11.37 Million		 -25.09%
2019-10-31 ฿486.85 Million
≈ $15.17 Million		 -3.74%
2018-10-31 ฿505.77 Million
≈ $15.76 Million		 +9.75%
2017-10-31 ฿460.81 Million
≈ $14.36 Million		 +2.90%
2016-10-31 ฿447.82 Million
≈ $13.96 Million		 -1.53%
2015-10-31 ฿454.78 Million
≈ $14.18 Million		 +5.56%
2014-10-31 ฿430.83 Million
≈ $13.43 Million		 -1.93%
2013-10-31 ฿439.32 Million
≈ $13.69 Million		 +3.67%
2012-10-31 ฿423.78 Million
≈ $13.21 Million		 +3.33%
2011-10-31 ฿410.14 Million
≈ $12.78 Million		 +18.16%
2010-10-31 ฿347.09 Million
≈ $10.82 Million		 +17.04%
2009-10-31 ฿296.56 Million
≈ $9.24 Million		 -14.37%
2008-10-31 ฿346.33 Million
≈ $10.79 Million		 +5.53%
2007-10-31 ฿328.17 Million
≈ $10.23 Million		 +3.34%
2006-10-31 ฿317.57 Million
≈ $9.90 Million		 +11.68%
2005-10-31 ฿284.37 Million
≈ $8.86 Million		 +16.55%
2004-10-31 ฿243.99 Million
≈ $7.60 Million		 +100.07%
2003-10-31 ฿121.95 Million
≈ $3.80 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
Progressive Planet Solutions Inc
V:PLAN
 $28.19 Million
Inuvo Inc
NYSE MKT:INUV
 $28.19 Million
Softing AG
XETRA:SYT
 $28.19 Million
Binero Group AB
ST:BINERO
 $28.19 Million
Pato Chemical Industry Public Company Limited
BK:PATO
 $28.18 Million
Aquaron Acquisition Corp. Common Stock
NASDAQ:AQU
 $28.17 Million
Emdeki Utama Tbk PT
JK:MDKI
 $28.17 Million
Eagon Ind
KO:008250
 $28.17 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: 2.08x
  • 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 1.83x to 2.08x 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 ฿4.20 x
2004-10-31 ฿1.54 ฿4.20 x
2005-10-31 ฿1.60 ฿4.20 x
2006-10-31 ฿1.79 ฿4.20 x
2007-10-31 ฿1.88 ฿4.20 x
2008-10-31 ฿1.99 ฿4.20 x
2009-10-31 ฿1.69 ฿4.20 x
2010-10-31 ฿1.99 ฿4.20 x
2011-10-31 ฿3.53 ฿4.20 x
2012-10-31 ฿1.94 ฿4.20 x
2013-10-31 ฿2.00 ฿4.20 x
2014-10-31 ฿1.98 ฿4.20 x
2015-10-31 ฿2.09 ฿4.20 x
2016-10-31 ฿2.06 ฿4.20 x
2017-10-31 ฿2.12 ฿4.20 x
2018-10-31 ฿2.33 ฿4.20 x
2019-10-31 ฿2.24 ฿4.20 x
2020-10-31 ฿1.69 ฿4.20 x
2021-10-31 ฿1.56 ฿4.20 x
2022-10-31 ฿1.71 ฿4.20 x
2023-10-31 ฿1.81 ฿4.20 x
2024-10-31 ฿2.01 ฿4.20 x
2025-10-31 ฿2.01 ฿4.20 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: $1,699,496,918
  • Average return on equity (ROE) among peers: 12.39%

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 $28.18 Million
Aqua Corporation Public Company Limited (AQUA) $846.18 Million 3.69% 0.23x $19.59 Million
CMO Public Company Limited (CMO) $472.43 Million -8.78% 1.44x $9.43 Million
Far East Fame Line DDB Public Company Limited (FE) $406.57 Million 9.65% 0.47x $41.95 Million
Plan B Media PCL (PLANB) $429.59 Million 45.95% 1.75x $619.43 Million
Plan B Media Public Company Limited (PLANB-R) $7.36 Billion 0.87% 0.87x $714.07 Million
Prakit Holdings Public Company Limited (PRAKIT) $682.01 Million 22.96% 0.42x $22.23 Million

About Pico (Thailand) Public Company Limited

BK:PICO Thailand Advertising Agencies
Market Cap
$28.18 Million
฿904.24 Million THB
Market Cap Rank
#23907 Global
#442 in Thailand
Share Price
฿4.20
Change (1 day)
+0.00%
52-Week Range
฿3.68 - ฿4.46
All Time High
฿6.95
Categories
Companies in Thailand Advertising Agencies
About

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