Plan B Media PCL (PLANB) - Net Assets
Based on the latest financial reports, Plan B Media PCL (PLANB) has net assets worth ฿12.90 Billion THB (≈ $402.18 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿19.96 Billion ≈ $622.03 Million USD) and total liabilities (฿7.05 Billion ≈ $219.85 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 Plan B Media PCL (PLANB) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿12.90 Billion |
| % of Total Assets | 64.66% |
| Annual Growth Rate | 43.41% |
| 5-Year Change | 71.08% |
| 10-Year Change | 296.45% |
| Growth Volatility | 79.92 |
Plan B Media PCL - Net Assets Trend (2009–2025)
This chart illustrates how Plan B Media PCL's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Plan B Media PCL.
Annual Net Assets for Plan B Media PCL (2009–2025)
The table below shows the annual net assets of Plan B Media PCL from 2009 to 2025. Also explore Plan B Media PCL equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿12.59 Billion ≈ $392.47 Million |
+26.39% |
| 2024-12-31 | ฿9.96 Billion ≈ $310.53 Million |
+11.32% |
| 2023-12-31 | ฿8.95 Billion ≈ $278.96 Million |
+8.83% |
| 2022-12-31 | ฿8.22 Billion ≈ $256.33 Million |
+11.73% |
| 2021-12-31 | ฿7.36 Billion ≈ $229.41 Million |
+30.16% |
| 2020-12-31 | ฿5.65 Billion ≈ $176.25 Million |
-17.93% |
| 2019-12-31 | ฿6.89 Billion ≈ $214.75 Million |
+58.58% |
| 2018-12-31 | ฿4.34 Billion ≈ $135.43 Million |
+19.42% |
| 2017-12-31 | ฿3.64 Billion ≈ $113.40 Million |
+14.55% |
| 2016-12-31 | ฿3.18 Billion ≈ $99.00 Million |
+6.58% |
| 2015-12-31 | ฿2.98 Billion ≈ $92.88 Million |
+294.05% |
| 2014-12-31 | ฿756.25 Million ≈ $23.57 Million |
-11.45% |
| 2013-12-31 | ฿854.02 Million ≈ $26.62 Million |
+98.80% |
| 2012-12-31 | ฿429.59 Million ≈ $13.39 Million |
+102.40% |
| 2011-12-31 | ฿212.24 Million ≈ $6.62 Million |
+187.84% |
| 2010-12-31 | ฿73.74 Million ≈ $2.30 Million |
+87.49% |
| 2009-12-31 | ฿39.33 Million ≈ $1.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Plan B Media PCL'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 9945.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.95 Billion | 25.17% |
| Common Stock | ฿460.03 Million | 3.93% |
| Other Comprehensive Income | ฿46.00 Million | 0.39% |
| Other Components | ฿8.25 Billion | 70.51% |
| Total Equity | ฿11.71 Billion | 100.00% |
Plan B Media PCL Competitors by Market Cap
The table below lists competitors of Plan B Media PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Summit
TA:SMT
|
$860.35 Million |
|
Zhejiang Tongxing Technology Co. Ltd. A
SHE:301252
|
$860.51 Million |
|
Orient Semiconductor Electronics Ltd
TW:2329
|
$860.52 Million |
|
Zhejiang Tiantie Industry Co Ltd
SHE:300587
|
$860.60 Million |
|
Guangzhou Dongfang Hotel Co Ltd
SHE:000524
|
$860.10 Million |
|
Shenzhen Farben Information Technology Co.Ltd.
SHE:300925
|
$860.08 Million |
|
Black Diamond Group Limited
TO:BDI
|
$860.06 Million |
|
Savencia SA
PA:SAVE
|
$860.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plan B Media PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,722,540,186 to 11,705,969,542, a change of 1,983,429,356 (20.4%).
- Net income of 1,105,335,576 contributed positively to equity growth.
- Dividend payments of 748,413,919 reduced retained earnings.
- New share issuances of 1,200,000,138 increased equity.
- Other comprehensive income increased equity by 1,678,032.
- Other factors increased equity by 424,829,529.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.11 Billion | +9.44% |
| Dividends Paid | ฿748.41 Million | -6.39% |
| Share Issuances | ฿1.20 Billion | +10.25% |
| Other Comprehensive Income | ฿1.68 Million | +0.01% |
| Other Changes | ฿424.83 Million | +3.63% |
| Total Change | ฿- | 20.40% |
Book Value vs Market Value Analysis
This analysis compares Plan B Media PCL'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: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 545.57x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | ฿0.01 | ฿6.00 | x |
| 2010-12-31 | ฿0.02 | ฿6.00 | x |
| 2011-12-31 | ฿0.06 | ฿6.00 | x |
| 2012-12-31 | ฿0.12 | ฿6.00 | x |
| 2013-12-31 | ฿0.24 | ฿6.00 | x |
| 2014-12-31 | ฿0.21 | ฿6.00 | x |
| 2015-12-31 | ฿0.85 | ฿6.00 | x |
| 2016-12-31 | ฿0.87 | ฿6.00 | x |
| 2017-12-31 | ฿0.99 | ฿6.00 | x |
| 2018-12-31 | ฿1.12 | ฿6.00 | x |
| 2019-12-31 | ฿1.64 | ฿6.00 | x |
| 2020-12-31 | ฿1.33 | ฿6.00 | x |
| 2021-12-31 | ฿1.77 | ฿6.00 | x |
| 2022-12-31 | ฿1.86 | ฿6.00 | x |
| 2023-12-31 | ฿2.02 | ฿6.00 | x |
| 2024-12-31 | ฿2.27 | ฿6.00 | x |
| 2025-12-31 | ฿2.64 | ฿6.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plan B Media PCL 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): 9.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.60%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.66x
- Recent ROE (9.44%) is below the historical average (18.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 29.27% | 4.56% | 1.95x | 3.28x | ฿7.58 Million |
| 2010 | 46.67% | 9.02% | 1.20x | 4.32x | ฿27.04 Million |
| 2011 | 30.40% | 9.52% | 1.00x | 3.18x | ฿43.29 Million |
| 2012 | 45.95% | 19.54% | 0.86x | 2.75x | ฿154.44 Million |
| 2013 | 19.51% | 12.08% | 0.61x | 2.66x | ฿81.21 Million |
| 2014 | 27.32% | 14.10% | 0.62x | 3.13x | ฿130.96 Million |
| 2015 | 13.53% | 18.58% | 0.63x | 1.15x | ฿104.41 Million |
| 2016 | 11.22% | 14.52% | 0.66x | 1.17x | ฿38.10 Million |
| 2017 | 12.89% | 15.45% | 0.71x | 1.18x | ฿103.35 Million |
| 2018 | 15.85% | 16.02% | 0.70x | 1.41x | ฿237.15 Million |
| 2019 | 11.66% | 15.29% | 0.61x | 1.25x | ฿105.66 Million |
| 2020 | 2.66% | 3.77% | 0.30x | 2.32x | ฿-387.78 Million |
| 2021 | -0.15% | -0.23% | 0.32x | 1.95x | ฿-715.69 Million |
| 2022 | 8.66% | 10.41% | 0.43x | 1.94x | ฿-106.31 Million |
| 2023 | 10.51% | 10.89% | 0.51x | 1.87x | ฿44.08 Million |
| 2024 | 10.80% | 11.50% | 0.55x | 1.72x | ฿78.13 Million |
| 2025 | 9.44% | 11.60% | 0.49x | 1.66x | ฿-65.26 Million |
Industry Comparison
This section compares Plan B Media PCL's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $2,121,185,450
- Average return on equity (ROE) among peers: 10.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plan B Media PCL (PLANB) | ฿12.90 Billion | 29.27% | 0.55x | $860.32 Million |
| Aqua Corporation Public Company Limited (AQUA) | $1.33 Billion | 21.83% | 0.16x | $19.59 Million |
| CMO Public Company Limited (CMO) | $302.35 Million | 0.17% | 0.80x | $8.37 Million |
| Far East Fame Line DDB Public Company Limited (FE) | $1.02 Billion | 10.05% | 0.45x | $39.37 Million |
| Pico (Thailand) Public Company Limited (PICO) | $423.78 Million | 15.32% | 0.93x | $28.18 Million |
| Plan B Media Public Company Limited (PLANB-R) | $8.95 Billion | 10.18% | 0.82x | $714.07 Million |
| Prakit Holdings Public Company Limited (PRAKIT) | $701.53 Million | 6.56% | 0.32x | $19.60 Million |
About Plan B Media PCL
Plan B Media Public Company Limited, together with its subsidiaries, provides advertising media production services in Thailand. The company operates in two segments, Out-of-Home Media and Engagement Marketing. The Out-of-Home Media segment offers advertising media production, advertising space, and airtime rental services. The Engagement Marketing segment provides sports marketing and artist man… Read more