Pioneer Motor Public Company Limited
Pioneer Motor Public Company Limited engages in the manufacturing and distribution of electric motors in Thailand. The company offers air-conditioning motors, industrial motors, dewatering and centrifugal pumps, motors for pools and spas, submersible pumps, and motor home pumps, as well as swimming pool pump motors. The company was founded in 2001 and is based in Nakhon Pathom, Thailand.
Pioneer Motor Public Company Limited (PIMO) - Net Assets
Latest net assets as of September 2025: ฿1.08 Billion THB
Based on the latest financial reports, Pioneer Motor Public Company Limited (PIMO) has net assets worth ฿1.08 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 (฿1.33 Billion) and total liabilities (฿255.68 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 | ฿1.08 Billion |
| % of Total Assets | 80.83% |
| Annual Growth Rate | 19.48% |
| 5-Year Change | 115.47% |
| 10-Year Change | 293.56% |
| Growth Volatility | 14.04 |
Pioneer Motor Public Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Pioneer Motor 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 Pioneer Motor Public Company Limited (2013–2024)
The table below shows the annual net assets of Pioneer Motor Public Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.10 Billion | +7.48% |
| 2023-12-31 | ฿1.03 Billion | +23.27% |
| 2022-12-31 | ฿831.89 Million | +22.97% |
| 2021-12-31 | ฿676.50 Million | +32.25% |
| 2020-12-31 | ฿511.54 Million | +12.46% |
| 2019-12-31 | ฿454.85 Million | +41.76% |
| 2018-12-31 | ฿320.86 Million | +2.40% |
| 2017-12-31 | ฿313.35 Million | +1.07% |
| 2016-12-31 | ฿310.02 Million | +10.70% |
| 2015-12-31 | ฿280.06 Million | +42.82% |
| 2014-12-31 | ฿196.10 Million | +26.09% |
| 2013-12-31 | ฿155.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pioneer Motor 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 580.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿377.92 Million | 34.29% |
| Common Stock | ฿189.41 Million | 17.18% |
| Other Comprehensive Income | ฿115.55 Million | 10.48% |
| Other Components | ฿419.33 Million | 38.04% |
| Total Equity | ฿1.10 Billion | 100.00% |
Pioneer Motor Public Company Limited Competitors by Market Cap
The table below lists competitors of Pioneer Motor Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CreditRiskMonitor.Com Inc
OTCQX:CRMZ
|
$10.52 Million |
|
9FS1
F:9FS1
|
$10.52 Million |
|
California Nanotechnologies Corp
PINK:CANOF
|
$10.52 Million |
|
Vivien Corp
KO:002070
|
$10.53 Million |
|
Casa Emtia Petrol Kimyevi ve Turevleri Sanayi ve Ticaret AS
IS:CASA
|
$10.52 Million |
|
Kriti Industries (India) Limited
NSE:KRITI
|
$10.51 Million |
|
IROYAL_INTERROYAL ENGINEERING
BK:IROYAL
|
$10.51 Million |
|
Starco Brands Inc
OTCQB:STCB
|
$10.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneer Motor Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,025,488,343 to 1,102,211,530, a change of 76,723,187 (7.5%).
- Net income of 113,563,928 contributed positively to equity growth.
- Dividend payments of 37,873,227 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿113.56 Million | +10.3% |
| Dividends Paid | ฿37.87 Million | -3.44% |
| Other Changes | ฿1.03 Million | +0.09% |
| Total Change | ฿- | 7.48% |
Book Value vs Market Value Analysis
This analysis compares Pioneer Motor 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: 0.69x
- 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 2.63x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.38 | ฿1.01 | x |
| 2014-12-31 | ฿0.38 | ฿1.01 | x |
| 2015-12-31 | ฿0.62 | ฿1.01 | x |
| 2016-12-31 | ฿0.60 | ฿1.01 | x |
| 2017-12-31 | ฿0.55 | ฿1.01 | x |
| 2018-12-31 | ฿0.55 | ฿1.01 | x |
| 2019-12-31 | ฿0.78 | ฿1.01 | x |
| 2020-12-31 | ฿0.83 | ฿1.01 | x |
| 2021-12-31 | ฿0.95 | ฿1.01 | x |
| 2022-12-31 | ฿1.18 | ฿1.01 | x |
| 2023-12-31 | ฿1.40 | ฿1.01 | x |
| 2024-12-31 | ฿1.45 | ฿1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneer Motor 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): 10.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.77%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.26x
- Recent ROE (10.30%) is below the historical average (11.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.52% | 6.44% | 1.57x | 1.93x | ฿14.81 Million |
| 2014 | 20.53% | 8.23% | 1.38x | 1.81x | ฿20.65 Million |
| 2015 | 8.61% | 4.92% | 1.16x | 1.50x | ฿-3.88 Million |
| 2016 | 13.02% | 7.21% | 1.27x | 1.42x | ฿9.36 Million |
| 2017 | 7.49% | 4.09% | 1.26x | 1.45x | ฿-7.86 Million |
| 2018 | 5.14% | 2.98% | 1.22x | 1.42x | ฿-15.58 Million |
| 2019 | 6.26% | 4.41% | 1.00x | 1.42x | ฿-17.01 Million |
| 2020 | 15.53% | 9.98% | 1.05x | 1.48x | ฿28.29 Million |
| 2021 | 15.09% | 10.30% | 0.97x | 1.50x | ฿34.44 Million |
| 2022 | 12.65% | 8.81% | 1.07x | 1.34x | ฿22.09 Million |
| 2023 | 7.18% | 7.67% | 0.75x | 1.24x | ฿-28.97 Million |
| 2024 | 10.30% | 9.77% | 0.84x | 1.26x | ฿3.34 Million |
Industry Comparison
This section compares Pioneer Motor Public Company Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $333,222,368
- Average return on equity (ROE) among peers: 19.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneer Motor Public Company Limited (PIMO) | ฿1.08 Billion | 19.52% | 0.24x | $10.52 Million |
| Getabec Public Company Limited (GTB) | $635.11 Million | 6.80% | 0.66x | $5.16 Million |
| IROYAL_INTERROYAL ENGINEERING (IROYAL) | $135.14 Million | 15.85% | 0.27x | $10.51 Million |
| Kulthorn Kirby Public Company Limited (KKC) | $735.97 Million | 60.48% | 1.83x | $565.96K |
| Patkol Public Company Limited (PK) | $91.23 Million | 46.04% | 10.80x | $2.36 Million |
| Shrinkflex (Thailand) Public Company Limited (SFT) | $190.98 Million | 10.23% | 0.52x | $3.65 Million |
| Eureka Design Public Company Limited (UREKA) | $210.91 Million | -22.06% | 0.69x | $9.64 Million |