Panjawattana Plastic Public Company Limited (PJW) - Net Assets
Based on the latest financial reports, Panjawattana Plastic Public Company Limited (PJW) has net assets worth ฿1.42 Billion THB (≈ $44.22 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.66 Billion ≈ $114.15 Million USD) and total liabilities (฿2.24 Billion ≈ $69.93 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 PJW asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.42 Billion |
| % of Total Assets | 38.74% |
| Annual Growth Rate | 11.38% |
| 5-Year Change | 30.58% |
| 10-Year Change | 41.37% |
| Growth Volatility | 40.49 |
Panjawattana Plastic Public Company Limited - Net Assets Trend (2010–2024)
This chart illustrates how Panjawattana Plastic Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Panjawattana Plastic Public Company Limi (PJW) total assets for the complete picture of this company's asset base.
Annual Net Assets for Panjawattana Plastic Public Company Limited (2010–2024)
The table below shows the annual net assets of Panjawattana Plastic Public Company Limited from 2010 to 2024. For live valuation and market cap data, see how much is Panjawattana Plastic Public Company Limi worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 491.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿694.70 Million | 48.57% |
| Common Stock | ฿312.03 Million | 21.82% |
| Other Comprehensive Income | ฿32.20 Million | 2.25% |
| Other Components | ฿391.37 Million | 27.36% |
| 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 |
|---|---|
|
Eastern Star Real Estate Public Company Limited
BK:ESTAR
|
$37.57 Million |
|
Cellumed Co. Ltd
KQ:049180
|
$37.57 Million |
|
Petrolia SE
OL:PSE
|
$37.58 Million |
|
Gamehaus Holdings Inc. Class A Ordinary Shares
NASDAQ:GMHS
|
$37.59 Million |
|
Tourindo Guide Indonesia Pt
JK:PGJO
|
$37.54 Million |
|
Unitron Tech Co Ltd
KQ:142210
|
$37.54 Million |
|
Feerum S.A.
WAR:FEE
|
$37.54 Million |
|
Ostim Endustriyel Yatirimlar ve Isletme AS
IS:OSTIM
|
$37.53 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 2023 to 2024, total equity changed from 1,374,769,784 to 1,430,305,699, a change of 55,535,915 (4.0%).
- Net income of 127,795,266 contributed positively to equity growth.
- Dividend payments of 74,451,901 reduced retained earnings.
- Share repurchases of 4,605,986 reduced equity.
- New share issuances of 10,366,693 increased equity.
- Other comprehensive income increased equity by 5,295,880.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿127.80 Million | +8.93% |
| Dividends Paid | ฿74.45 Million | -5.21% |
| Share Repurchases | ฿4.61 Million | -0.32% |
| Share Issuances | ฿10.37 Million | +0.72% |
| Other Comprehensive Income | ฿5.30 Million | +0.37% |
| Other Changes | ฿-8.86 Million | -0.62% |
| Total Change | ฿- | 4.04% |
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: 0.91x
- 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 1.96x to 0.91x 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 | ฿2.08 | x |
| 2011-12-31 | ฿0.68 | ฿2.08 | x |
| 2012-12-31 | ฿1.47 | ฿2.08 | x |
| 2013-12-31 | ฿1.54 | ฿2.08 | x |
| 2014-12-31 | ฿1.51 | ฿2.08 | x |
| 2015-12-31 | ฿1.68 | ฿2.08 | x |
| 2016-12-31 | ฿1.80 | ฿2.08 | x |
| 2017-12-31 | ฿1.72 | ฿2.08 | x |
| 2018-12-31 | ฿1.69 | ฿2.08 | x |
| 2019-12-31 | ฿1.68 | ฿2.08 | x |
| 2020-12-31 | ฿1.83 | ฿2.08 | x |
| 2021-12-31 | ฿1.90 | ฿2.08 | x |
| 2022-12-31 | ฿1.87 | ฿2.08 | x |
| 2023-12-31 | ฿2.06 | ฿2.08 | x |
| 2024-12-31 | ฿2.29 | ฿2.08 | 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): 8.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.43%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.53x
- Recent ROE (8.93%) is below the historical average (13.79%), 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 |
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: $1,570,374,421
- Average return on equity (ROE) among peers: 6.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Panjawattana Plastic Public Company Limited (PJW) | ฿1.42 Billion | 37.22% | 1.58x | $37.55 Million |
| A.J. Plast Public Company Limited (AJ) | $4.28 Billion | -12.92% | 2.21x | $53.17 Million |
| Crown Seal Public Company Limited (CSC) | $443.56 Million | 23.76% | 3.81x | $68.48 Million |
| Multibax Public Company Limited (MBAX) | $594.89 Million | 29.60% | 1.43x | $10.66 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $567.12 Million | -6.67% | 0.06x | $14.50 Million |
| Prodigy Public Company Limited (PDG) | $626.18 Million | 13.29% | 0.19x | $28.33 Million |
| Srithai Superware Public Company Limited (SITHAI) | $4.08 Billion | 6.91% | 0.98x | $83.83 Million |
| S. Pack & Print Public Company Limited (SPACK) | $506.65 Million | -7.12% | 1.49x | $10.66 Million |
| Thai Coating Industrial Public Company Limited (TCOAT) | $239.75 Million | 15.05% | 1.20x | $9.25 Million |
| Thai Film Industries Public Company Limited (TFI) | $2.79 Billion | 0.00% | 1.70x | $26.22 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, fresh milk and y… Read more