Primo Service Solutions PCL
Primo Service Solutions Public Company Limited provides property management services in Thailand. The company operates through four segments: Engineering Consultation and Design, Real Estate Management, Real Estate After Sales Service, and Others. It provides project management, design studio, inspection, laboratory, property sales, luxury management, hotel and residence management, cleaning, and… Read more
Primo Service Solutions PCL (PRI) - Net Assets
Latest net assets as of September 2025: ฿1.61 Billion THB
Based on the latest financial reports, Primo Service Solutions PCL (PRI) has net assets worth ฿1.61 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.17 Billion) and total liabilities (฿565.94 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 | ฿1.61 Billion |
| % of Total Assets | 73.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.41 |
Primo Service Solutions PCL - Net Assets Trend (2018–2024)
This chart illustrates how Primo Service Solutions 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 Primo Service Solutions PCL (2018–2024)
The table below shows the annual net assets of Primo Service Solutions PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.55 Billion | -11.09% |
| 2023-12-31 | ฿1.75 Billion | +17.73% |
| 2022-12-31 | ฿1.48 Billion | +2048.93% |
| 2021-12-31 | ฿-76.11 Million | -56.64% |
| 2020-12-31 | ฿-48.59 Million | -35.70% |
| 2019-12-31 | ฿-35.81 Million | -- |
| 2018-12-31 | ฿0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primo Service Solutions 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 991.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿211.95 Million | 13.91% |
| Other Components | ฿1.31 Billion | 86.09% |
| Total Equity | ฿1.52 Billion | 100.00% |
Primo Service Solutions PCL Competitors by Market Cap
The table below lists competitors of Primo Service Solutions PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NUEPF
PINK:NUEPF
|
$9.01 Million |
|
Chin Well Holdings Bhd
KLSE:5007
|
$9.01 Million |
|
Lung Pien Vacuum Industry Co., Ltd.
TWO:5267
|
$9.02 Million |
|
NOMURA REAL EST.MAS.FD
F:8BQ
|
$9.02 Million |
|
Sikko Industries Limited
NSE:SIKKO
|
$9.00 Million |
|
KENEDIX OFFICE INV. CORP.
F:K9R
|
$9.00 Million |
|
Greystone Logistics
OTCQB:GLGI
|
$9.00 Million |
|
Suratwwala Business Group Limited
NSE:SBGLP
|
$9.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primo Service Solutions PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,722,496,267 to 1,524,033,520, a change of -198,462,747 (-11.5%).
- Net income of 255,849,838 contributed positively to equity growth.
- Dividend payments of 449,997,525 reduced retained earnings.
- Other comprehensive income decreased equity by 31,449,955.
- Other factors increased equity by 27,134,895.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿255.85 Million | +16.79% |
| Dividends Paid | ฿450.00 Million | -29.53% |
| Other Comprehensive Income | ฿-31.45 Million | -2.06% |
| Other Changes | ฿27.13 Million | +1.78% |
| Total Change | ฿- | -11.52% |
Book Value vs Market Value Analysis
This analysis compares Primo Service Solutions 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: 0.85x
- 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 16.20x to 0.85x 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 | ฿0.25 | ฿4.04 | x |
| 2019-12-31 | ฿1.45 | ฿4.04 | x |
| 2020-12-31 | ฿1.20 | ฿4.04 | x |
| 2021-12-31 | ฿2.36 | ฿4.04 | x |
| 2022-12-31 | ฿8.95 | ฿4.04 | x |
| 2023-12-31 | ฿5.38 | ฿4.04 | x |
| 2024-12-31 | ฿4.76 | ฿4.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primo Service Solutions 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): 16.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.95%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.36x
- Recent ROE (16.79%) is below the historical average (29.54%), 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 | 22.34% | 9.76% | 725.77x | 0.00x | ฿9.85 Million |
| 2019 | 29.67% | 13.76% | 946.27x | 0.00x | ฿22.89 Million |
| 2020 | 41.72% | 15.09% | 812.92x | 0.00x | ฿30.45 Million |
| 2021 | 58.84% | 22.91% | 2272.63x | 0.00x | ฿92.34 Million |
| 2022 | 16.19% | 26.29% | 0.56x | 1.10x | ฿91.78 Million |
| 2023 | 21.20% | 19.09% | 0.77x | 1.45x | ฿192.99 Million |
| 2024 | 16.79% | 15.95% | 0.78x | 1.36x | ฿103.45 Million |
Industry Comparison
This section compares Primo Service Solutions PCL's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $4,647,512,623
- Average return on equity (ROE) among peers: 3.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primo Service Solutions PCL (PRI) | ฿1.61 Billion | 22.34% | 0.35x | $9.01 Million |
| Amata VN PCL (AMATAV) | $6.03 Billion | 17.34% | 1.06x | $10.95 Million |
| B-52 Capital Public Company Limited (B52) | $594.95 Million | -18.27% | 0.85x | $2.52 Million |
| Grand Canal Land Public Company Limited (GLAND) | $15.49 Billion | 3.71% | 0.89x | $3.56 Million |
| JAS Asset PCL (J) | $1.34 Billion | 4.22% | 1.42x | $6.43 Million |
| Krungdhep Sophon Public Company Limited (KWC) | $264.74 Million | 1.86% | 0.17x | $29.35 Million |
| Nirvana Daii Public Company Limited (NVD) | $235.77 Million | -6.61% | 0.38x | $15.88 Million |
| The Platinum Group Public Company Limited (PLAT) | $2.64 Billion | 16.63% | 0.56x | $39.02 Million |
| Sammakorn Public Company Limited (SAMCO) | $1.41 Billion | 5.20% | 0.27x | $5.68 Million |
| Saha Pathana Inter-Holding PCL (SPI) | $13.83 Billion | 7.39% | 0.08x | $302.59 Million |