Panjawattana Plastic Public Company Limited (PJW) - Net Assets
Based on the latest financial reports, Panjawattana Plastic Public Company Limited (PJW) has net assets worth ฿1.44 Billion THB (≈ $44.99 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.69 Billion ≈ $115.12 Million USD) and total liabilities (฿2.25 Billion ≈ $70.13 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 Panjawattana Plastic Public Company Limi tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.44 Billion |
| % of Total Assets | 39.08% |
| Annual Growth Rate | 10.6% |
| 5-Year Change | 21.28% |
| 10-Year Change | 32.88% |
| Growth Volatility | 39.31 |
Panjawattana Plastic Public Company Limited - Net Assets Trend (2010–2025)
This chart illustrates how Panjawattana Plastic Public Company Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Panjawattana Plastic Public Company Limi fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Panjawattana Plastic Public Company Limited (2010–2025)
The table below shows the annual net assets of Panjawattana Plastic Public Company Limited from 2010 to 2025. For live valuation and market cap data, see how much is Panjawattana Plastic Public Company Limi worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.44 Billion ≈ $44.99 Million |
+0.22% |
| 2024-12-31 | ฿1.44 Billion ≈ $44.89 Million |
+4.75% |
| 2023-12-31 | ฿1.37 Billion ≈ $42.85 Million |
+10.27% |
| 2022-12-31 | ฿1.25 Billion ≈ $38.86 Million |
+4.76% |
| 2021-12-31 | ฿1.19 Billion ≈ $37.09 Million |
+7.91% |
| 2020-12-31 | ฿1.10 Billion ≈ $34.37 Million |
+8.59% |
| 2019-12-31 | ฿1.02 Billion ≈ $31.65 Million |
-0.05% |
| 2018-12-31 | ฿1.02 Billion ≈ $31.67 Million |
-2.18% |
| 2017-12-31 | ฿1.04 Billion ≈ $32.38 Million |
-4.37% |
| 2016-12-31 | ฿1.09 Billion ≈ $33.85 Million |
+6.63% |
| 2015-12-31 | ฿1.02 Billion ≈ $31.75 Million |
+11.26% |
| 2014-12-31 | ฿915.60 Million ≈ $28.54 Million |
-2.07% |
| 2013-12-31 | ฿934.98 Million ≈ $29.14 Million |
+7.78% |
| 2012-12-31 | ฿867.52 Million ≈ $27.04 Million |
+160.62% |
| 2011-12-31 | ฿332.87 Million ≈ $10.38 Million |
+4.60% |
| 2010-12-31 | ฿318.25 Million ≈ $9.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Panjawattana Plastic 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 501.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿706.52 Million | 49.33% |
| Other Components | ฿725.76 Million | 50.67% |
| Total Equity | ฿1.43 Billion | 100.00% |
Panjawattana Plastic Public Company Limited Competitors by Market Cap
The table below lists competitors of Panjawattana Plastic Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Guijiu Co Ltd
SHG:600696
|
$37.20 Million |
|
Alpha Exploration Ltd
V:ALEX
|
$37.20 Million |
|
Virtualware 2007 S.A.
PA:MLVIR
|
$37.22 Million |
|
Recon Technology Ltd
NASDAQ:RCON
|
$37.22 Million |
|
Harn Engineering Solutions Public Company Limited
BK:HARN
|
$37.17 Million |
|
APS Energia S.A.
WAR:APE
|
$37.16 Million |
|
Haverty Furniture Companies Inc
NYSE:HVT-A
|
$37.15 Million |
|
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust
BK:WHABT
|
$37.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Panjawattana Plastic Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,430,305,699 to 1,432,277,914, a change of 1,972,215 (0.1%).
- Net income of 164,484,070 contributed positively to equity growth.
- Dividend payments of 53,232,114 reduced retained earnings.
- Share repurchases of 95,553,800 reduced equity.
- Other comprehensive income decreased equity by 32,202,651.
- Other factors increased equity by 18,476,709.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿164.48 Million | +11.48% |
| Dividends Paid | ฿53.23 Million | -3.72% |
| Share Repurchases | ฿95.55 Million | -6.67% |
| Other Comprehensive Income | ฿-32.20 Million | -2.25% |
| Other Changes | ฿18.48 Million | +1.29% |
| Total Change | ฿- | 0.14% |
Book Value vs Market Value Analysis
This analysis compares Panjawattana Plastic 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: 0.83x
- 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 1.94x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿1.06 | ฿2.06 | x |
| 2011-12-31 | ฿0.68 | ฿2.06 | x |
| 2012-12-31 | ฿1.47 | ฿2.06 | x |
| 2013-12-31 | ฿1.54 | ฿2.06 | x |
| 2014-12-31 | ฿1.51 | ฿2.06 | x |
| 2015-12-31 | ฿1.68 | ฿2.06 | x |
| 2016-12-31 | ฿1.80 | ฿2.06 | x |
| 2017-12-31 | ฿1.72 | ฿2.06 | x |
| 2018-12-31 | ฿1.69 | ฿2.06 | x |
| 2019-12-31 | ฿1.68 | ฿2.06 | x |
| 2020-12-31 | ฿1.83 | ฿2.06 | x |
| 2021-12-31 | ฿1.90 | ฿2.06 | x |
| 2022-12-31 | ฿1.87 | ฿2.06 | x |
| 2023-12-31 | ฿2.06 | ฿2.06 | x |
| 2024-12-31 | ฿2.29 | ฿2.06 | x |
| 2025-12-31 | ฿2.47 | ฿2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Panjawattana Plastic 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): 11.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.36%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.58x
- Recent ROE (11.48%) is below the historical average (13.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 37.22% | 8.18% | 1.78x | 2.56x | ฿82.07 Million |
| 2011 | 44.29% | 8.85% | 1.38x | 3.63x | ฿112.45 Million |
| 2012 | 23.50% | 10.09% | 1.38x | 1.69x | ฿116.45 Million |
| 2013 | 15.56% | 6.86% | 1.03x | 2.19x | ฿51.69 Million |
| 2014 | 3.90% | 1.55% | 0.96x | 2.62x | ฿-55.60 Million |
| 2015 | 9.71% | 3.62% | 1.08x | 2.47x | ฿-2.92 Million |
| 2016 | 12.98% | 5.13% | 1.13x | 2.23x | ฿32.37 Million |
| 2017 | 3.27% | 1.26% | 1.05x | 2.46x | ฿-69.91 Million |
| 2018 | -1.16% | -0.39% | 1.03x | 2.84x | ฿-113.35 Million |
| 2019 | 6.24% | 2.02% | 1.07x | 2.90x | ฿-38.23 Million |
| 2020 | 10.43% | 4.12% | 0.97x | 2.61x | ฿4.76 Million |
| 2021 | 14.24% | 5.52% | 1.01x | 2.54x | ฿50.46 Million |
| 2022 | 6.70% | 2.49% | 1.07x | 2.51x | ฿-41.14 Million |
| 2023 | 11.08% | 4.38% | 1.03x | 2.47x | ฿14.82 Million |
| 2024 | 8.93% | 3.43% | 1.03x | 2.53x | ฿-15.24 Million |
| 2025 | 11.48% | 4.36% | 1.02x | 2.58x | ฿21.26 Million |
Industry Comparison
This section compares Panjawattana Plastic Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,008,116,095
- Average return on equity (ROE) among peers: 5.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Panjawattana Plastic Public Company Limited (PJW) | ฿1.44 Billion | 37.22% | 1.56x | $37.19 Million |
| A.J. Plast Public Company Limited (AJ) | $4.28 Billion | -12.92% | 2.21x | $50.57 Million |
| Crown Seal Public Company Limited (CSC) | $3.95 Billion | 6.23% | 0.19x | $71.32 Million |
| Multibax Public Company Limited (MBAX) | $317.76 Million | 10.34% | 2.33x | $11.71 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $617.27 Million | -4.54% | 0.36x | $14.50 Million |
| Prodigy Public Company Limited (PDG) | $566.95 Million | 13.12% | 0.20x | $29.44 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.38 Billion | 7.99% | 0.86x | $84.65 Million |
| Sahamitr Pressure Container Public Company Limited (SMPC) | $3.28 Billion | 18.31% | 0.15x | $151.06 Million |
| S. Pack & Print Public Company Limited (SPACK) | $446.51 Million | -3.93% | 1.86x | $11.22 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $239.75 Million | 15.05% | 1.20x | $9.49 Million |
About Panjawattana Plastic Public Company Limited
Panjawattana Plastic Public Company Limited, together with its subsidiaries, manufactures and distributes plastic packaging and industrial plastic parts in Thailand and internationally. It operates through Plant " Samuthsakhon; Plant " Chonburi; Plant " Bangkok; Plant - Tianjin (China); Plant - Jiangsu (China); Business Trading; and Service segments. The company offers lubricant, milk and yoghurt… Read more