PP PRIME Public Company Limited
PP Prime Public Company Limited manufactures and distributes feeds for aquatic animals and pets foods in Thailand. It operates through Aquatic Animal Feed, Pet Food, and Electricity Generation and Distribution segments. The company offers black tiger and other shrimp feed products; and fish food, ornamental fish food, and frog food products. It also offers pig, cow, and elephant feed products; po… Read more
PP PRIME Public Company Limited (PPPM) - Net Assets
Latest net assets as of September 2025: ฿453.56 Million THB
Based on the latest financial reports, PP PRIME Public Company Limited (PPPM) has net assets worth ฿453.56 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿799.21 Million) and total liabilities (฿345.65 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 | ฿453.56 Million |
| % of Total Assets | 56.75% |
| Annual Growth Rate | -4.39% |
| 5-Year Change | 525.38% |
| 10-Year Change | -71.34% |
| Growth Volatility | 133.52 |
PP PRIME Public Company Limited - Net Assets Trend (2009–2024)
This chart illustrates how PP PRIME 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 PP PRIME Public Company Limited (2009–2024)
The table below shows the annual net assets of PP PRIME Public Company Limited from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿456.90 Million | -15.13% |
| 2023-12-31 | ฿538.36 Million | -11.18% |
| 2022-12-31 | ฿606.13 Million | +513.32% |
| 2021-12-31 | ฿98.83 Million | +35.27% |
| 2020-12-31 | ฿73.06 Million | -80.73% |
| 2019-12-31 | ฿379.12 Million | -53.37% |
| 2018-12-31 | ฿813.01 Million | -41.08% |
| 2017-12-31 | ฿1.38 Billion | -24.16% |
| 2016-12-31 | ฿1.82 Billion | +14.13% |
| 2015-12-31 | ฿1.59 Billion | +19.93% |
| 2014-12-31 | ฿1.33 Billion | -0.92% |
| 2013-12-31 | ฿1.34 Billion | +2.23% |
| 2012-12-31 | ฿1.31 Billion | +19.80% |
| 2011-12-31 | ฿1.10 Billion | +2.81% |
| 2010-12-31 | ฿1.07 Billion | +18.93% |
| 2009-12-31 | ฿895.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PP PRIME 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 244.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿953.40 Million | 208.67% |
| Total Equity | ฿456.90 Million | 100.00% |
PP PRIME Public Company Limited Competitors by Market Cap
The table below lists competitors of PP PRIME Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forza Land Indonesia Tbk PT
JK:FORZ
|
$4.26 Million |
|
AB Panevezio Statybos Trestas
STU:YK3
|
$4.27 Million |
|
Fresh Grapes LLC
NYSE MKT:VINE
|
$4.27 Million |
|
Living Cell Technologies Limited
PINK:LVCLF
|
$4.27 Million |
|
Minaean SP Construction Corp
V:MSP
|
$4.26 Million |
|
Direct Finance TA
TA:DIFI
|
$4.26 Million |
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$4.26 Million |
|
New Age Exploration Ltd
AU:NAE
|
$4.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PP PRIME Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 538,361,366 to 456,899,514, a change of -81,461,852 (-15.1%).
- Net loss of 224,587,091 reduced equity.
- Share repurchases of 924,772 reduced equity.
- New share issuances of 26,061,773 increased equity.
- Other comprehensive income decreased equity by 238,721,621.
- Other factors increased equity by 356,709,859.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-224.59 Million | -49.15% |
| Share Repurchases | ฿924.77K | -0.2% |
| Share Issuances | ฿26.06 Million | +5.7% |
| Other Comprehensive Income | ฿-238.72 Million | -52.25% |
| Other Changes | ฿356.71 Million | +78.07% |
| Total Change | ฿- | -15.13% |
Book Value vs Market Value Analysis
This analysis compares PP PRIME 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: 0.40x
- 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 increased from 0.00x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | ฿850.52 | ฿0.24 | x |
| 2010-12-31 | ฿961.37 | ฿0.24 | x |
| 2011-12-31 | ฿831.84 | ฿0.24 | x |
| 2012-12-31 | ฿1134.11 | ฿0.24 | x |
| 2013-12-31 | ฿1156.82 | ฿0.24 | x |
| 2014-12-31 | ฿1210.48 | ฿0.24 | x |
| 2015-12-31 | ฿1154.33 | ฿0.24 | x |
| 2016-12-31 | ฿1292.49 | ฿0.24 | x |
| 2017-12-31 | ฿980.24 | ฿0.24 | x |
| 2018-12-31 | ฿577.57 | ฿0.24 | x |
| 2019-12-31 | ฿243.29 | ฿0.24 | x |
| 2020-12-31 | ฿42.47 | ฿0.24 | x |
| 2021-12-31 | ฿28.58 | ฿0.24 | x |
| 2022-12-31 | ฿37.21 | ฿0.24 | x |
| 2023-12-31 | ฿0.94 | ฿0.24 | x |
| 2024-12-31 | ฿0.59 | ฿0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PP PRIME 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): -49.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.96%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.74x
- Recent ROE (-49.15%) is above the historical average (-72.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 12.20% | 4.21% | 2.13x | 1.36x | ฿19.32 Million |
| 2010 | 22.56% | 7.95% | 2.08x | 1.36x | ฿131.71 Million |
| 2011 | 16.05% | 6.48% | 1.70x | 1.46x | ฿65.76 Million |
| 2012 | 12.64% | 5.24% | 1.72x | 1.40x | ฿34.57 Million |
| 2013 | 3.25% | 1.73% | 1.43x | 1.31x | ฿-90.51 Million |
| 2014 | -0.80% | -0.50% | 1.28x | 1.25x | ฿-143.49 Million |
| 2015 | -2.45% | -1.99% | 0.85x | 1.46x | ฿-196.95 Million |
| 2016 | 13.03% | 15.68% | 0.42x | 1.96x | ฿55.04 Million |
| 2017 | -18.09% | -13.69% | 0.46x | 2.85x | ฿-387.55 Million |
| 2018 | -13.54% | -5.34% | 0.62x | 4.11x | ฿-191.39 Million |
| 2019 | -385.26% | -68.91% | 0.89x | 6.27x | ฿-1.50 Billion |
| 2020 | -451.11% | -19.81% | 0.88x | 25.99x | ฿-336.88 Million |
| 2021 | -188.48% | -28.67% | 0.40x | 16.35x | ฿-196.15 Million |
| 2022 | -80.49% | -40.79% | 0.84x | 2.36x | ฿-548.50 Million |
| 2023 | -46.71% | -19.28% | 1.15x | 2.11x | ฿-305.33 Million |
| 2024 | -49.15% | -30.96% | 0.91x | 1.74x | ฿-270.28 Million |
Industry Comparison
This section compares PP PRIME Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,744,237,767
- Average return on equity (ROE) among peers: 12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PP PRIME Public Company Limited (PPPM) | ฿453.56 Million | 12.20% | 0.76x | $4.26 Million |
| Asian Alliance International PCL (AAI) | $4.88 Billion | 7.84% | 0.15x | $43.65 Million |
| ASIAN PALM OIL PUBLIC COMPANY LIMITED (APO) | $237.14 Million | 5.48% | 0.40x | $9.36 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $3.50 Billion | 23.39% | 0.78x | $49.87 Million |
| Bioscience Animal Health PCL (BIS) | $790.50 Million | 6.41% | 0.55x | $4.82 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $2.07 Billion | 0.95% | 1.32x | $8.09 Million |
| Chin Huay PCL (CH) | $1.37 Billion | 9.31% | 0.40x | $13.66 Million |
| CHAOSUA FOODS INDUSTRY PUBLIC COMPANY LIMITED (CHAO) | $597.83 Million | 27.03% | 0.46x | $12.59 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $1.39 Billion | 14.18% | 0.11x | $3.48 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.37 Billion | 7.17% | 0.11x | $6.08 Million |
| Thai Coconut Public Company Limited (COCOCO) | $1.24 Billion | 19.55% | 1.47x | $49.18 Million |