Premier Quality Starch PCL
Premier Quality Starch Public Company Limited engages in the industrial factory business of starch, modified starch, and all kinds of processed starch in Thailand. It also produces and distributes electricity generated from biogas and rooftop solar power. The company was incorporated in 2005 and is headquartered in Mukdahan, Thailand.
Premier Quality Starch PCL (PQS) - Net Assets
Latest net assets as of June 2024: ฿2.11 Billion THB
Based on the latest financial reports, Premier Quality Starch PCL (PQS) has net assets worth ฿2.11 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.80 Billion) and total liabilities (฿688.34 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 | ฿2.11 Billion |
| % of Total Assets | 75.38% |
| Annual Growth Rate | 21.56% |
| 5-Year Change | 158.49% |
| 10-Year Change | N/A |
| Growth Volatility | 43.24 |
Premier Quality Starch PCL - Net Assets Trend (2018–2023)
This chart illustrates how Premier Quality Starch PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Premier Quality Starch PCL (2018–2023)
The table below shows the annual net assets of Premier Quality Starch PCL from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿2.03 Billion | +101.14% |
| 2022-12-31 | ฿1.01 Billion | +8.68% |
| 2021-12-31 | ฿930.78 Million | +50.87% |
| 2020-12-31 | ฿616.96 Million | -21.62% |
| 2019-12-31 | ฿787.17 Million | +2.67% |
| 2018-12-31 | ฿766.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Premier Quality Starch 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 74.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿399.27 Million | 19.62% |
| Common Stock | ฿670.00 Million | 32.93% |
| Other Comprehensive Income | ฿59.28 Million | 2.91% |
| Other Components | ฿906.21 Million | 44.54% |
| Total Equity | ฿2.03 Billion | 100.00% |
Premier Quality Starch PCL Competitors by Market Cap
The table below lists competitors of Premier Quality Starch PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mongolia Energy Corporation Limited
PINK:MOAEF
|
$9.66 Million |
|
Tempus Resources Limited
PINK:TMRFF
|
$9.67 Million |
|
Lahontan Gold Corp.
OTCQB:LGCXF
|
$9.67 Million |
|
Shemaroo Entertainment Limited
NSE:SHEMAROO
|
$9.67 Million |
|
BEDFORD METALS CORP.
F:O8D
|
$9.66 Million |
|
Goldenstone Acquisition Ltd
NASDAQ:GDST
|
$9.66 Million |
|
Pinnacle Silver and Gold Corp.
V:PINN
|
$9.66 Million |
|
Live Ventures Inc
NASDAQ:LIVE
|
$9.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Premier Quality Starch PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,006,460,986 to 2,034,752,302, a change of 1,028,291,316 (102.2%).
- Net income of 135,825,670 contributed positively to equity growth.
- Dividend payments of 100,485,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,940,061.
- Other factors increased equity by 985,010,585.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿135.83 Million | +6.68% |
| Dividends Paid | ฿100.48 Million | -4.94% |
| Other Comprehensive Income | ฿7.94 Million | +0.39% |
| Other Changes | ฿985.01 Million | +48.41% |
| Total Change | ฿- | 102.17% |
Book Value vs Market Value Analysis
This analysis compares Premier Quality Starch 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: 0.47x
- 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 1.32x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿1.12 | ฿1.48 | x |
| 2019-12-31 | ฿1.16 | ฿1.48 | x |
| 2020-12-31 | ฿0.92 | ฿1.48 | x |
| 2021-12-31 | ฿1.39 | ฿1.48 | x |
| 2022-12-31 | ฿1.50 | ฿1.48 | x |
| 2023-12-31 | ฿3.12 | ฿1.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premier Quality Starch 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): 6.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.84%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.23x
- Recent ROE (6.68%) is below the historical average (17.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 16.65% | 10.59% | 0.96x | 1.63x | ฿49.99 Million |
| 2019 | 8.65% | 5.48% | 0.91x | 1.73x | ฿-10.47 Million |
| 2020 | 13.30% | 6.57% | 0.92x | 2.20x | ฿20.39 Million |
| 2021 | 33.72% | 14.24% | 1.41x | 1.68x | ฿220.74 Million |
| 2022 | 28.18% | 11.43% | 1.39x | 1.77x | ฿183.00 Million |
| 2023 | 6.68% | 5.84% | 0.93x | 1.23x | ฿-67.65 Million |
Industry Comparison
This section compares Premier Quality Starch PCL's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $4,116,143,157
- Average return on equity (ROE) among peers: 4.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Premier Quality Starch PCL (PQS) | ฿2.11 Billion | 16.65% | 0.33x | $9.66 Million |
| Ai Energy Public Company Limited (AIE) | $1.84 Billion | -3.93% | 0.07x | $14.62 Million |
| Agripure Holdings Public Company Limited (APURE) | $2.61 Billion | 10.67% | 0.16x | $10.13 Million |
| Bangkok Ranch PCL (BR) | $4.74 Billion | 2.56% | 1.22x | $25.27 Million |
| Betagro PCL (BTG) | $16.00 Billion | -6.68% | 1.82x | $368.54 Million |
| CHUWIT FARM (2019) PUBLIC COMPANY LIMITED (CFARM) | $425.82 Million | 5.16% | 0.81x | $3.25 Million |
| Chumporn Palm Oil Industry Public Company Limited (CPI) | $2.89 Billion | 11.09% | 0.38x | $27.76 Million |
| Food Moments PCL (FM) | $2.07 Billion | 12.23% | 0.67x | $40.04 Million |
| Lam Soon (Thailand) Public Company Limited (LST) | $3.09 Billion | 12.30% | 0.66x | $33.07 Million |
| PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITED (PCE) | $3.37 Billion | -4.59% | 0.97x | $47.27 Million |