Prime Road Power Public Company Limited
Prime Road Power Public Company Limited, together with its subsidiaries, engages in the generation of electricity from renewable energy and distributes electricity in Thailand, Taiwan, Cambodia, and internationally. The company operates solar power plants with total installed capacity of 299.65 megawatts; and builds, operates, and installs solar rooftop systems. It also provides engineering, proc… Read more
Prime Road Power Public Company Limited (PRIME) - Net Assets
Latest net assets as of September 2025: ฿1.97 Billion THB
Based on the latest financial reports, Prime Road Power Public Company Limited (PRIME) has net assets worth ฿1.97 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 (฿7.08 Billion) and total liabilities (฿5.11 Billion). 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 | ฿1.97 Billion |
| % of Total Assets | 27.79% |
| Annual Growth Rate | 19.55% |
| 5-Year Change | -26.4% |
| 10-Year Change | 18.81% |
| Growth Volatility | 422.12 |
Prime Road Power Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Prime Road Power 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 Prime Road Power Public Company Limited (2004–2024)
The table below shows the annual net assets of Prime Road Power Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.07 Billion | -11.71% |
| 2023-12-31 | ฿2.35 Billion | -27.78% |
| 2022-12-31 | ฿3.25 Billion | +5.36% |
| 2021-12-31 | ฿3.09 Billion | +9.55% |
| 2020-12-31 | ฿2.82 Billion | +20.52% |
| 2019-12-31 | ฿2.34 Billion | +1929.29% |
| 2018-12-31 | ฿115.18 Million | -72.28% |
| 2017-12-31 | ฿415.48 Million | -67.97% |
| 2016-12-31 | ฿1.30 Billion | -25.67% |
| 2015-12-31 | ฿1.74 Billion | +7.56% |
| 2014-12-31 | ฿1.62 Billion | +12.36% |
| 2013-12-31 | ฿1.44 Billion | +7.22% |
| 2012-12-31 | ฿1.35 Billion | +70.56% |
| 2011-12-31 | ฿789.55 Million | +1.69% |
| 2010-12-31 | ฿776.41 Million | +57.47% |
| 2009-12-31 | ฿493.06 Million | +0.89% |
| 2008-12-31 | ฿488.72 Million | +38.32% |
| 2007-12-31 | ฿353.32 Million | +276.25% |
| 2006-12-31 | ฿93.91 Million | -20.12% |
| 2005-12-31 | ฿117.56 Million | +101.54% |
| 2004-12-31 | ฿58.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prime Road Power 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 10504.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.72 Billion | 90.67% |
| Other Components | ฿177.04 Million | 9.33% |
| Total Equity | ฿1.90 Billion | 100.00% |
Prime Road Power Public Company Limited Competitors by Market Cap
The table below lists competitors of Prime Road Power Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patkol Public Company Limited
BK:PK
|
$2.36 Million |
|
Graf Industrial Corp. Warrants (each warrant exercisable for one-half of one share of common stock each at an exercise price of $11.50 per share)
NASDAQ:GRAF-WT
|
$2.36 Million |
|
Prime Meridian Resources Corp
PINK:PMDRF
|
$2.36 Million |
|
Doppler S.A.
AT:DOPPLER
|
$2.36 Million |
|
Green Shift Commodities Ltd.
OTCQB:GRCMF
|
$2.36 Million |
|
Perak Corporation Bhd
KLSE:8346
|
$2.36 Million |
|
Sipa Resources Ltd
AU:SRI
|
$2.36 Million |
|
Vivid Games S.A
WAR:VVD
|
$2.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prime Road Power Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,157,567,000 to 1,898,207,000, a change of -259,360,000 (-12.0%).
- Net loss of 190,090,000 reduced equity.
- Other comprehensive income decreased equity by 17,193,000.
- Other factors decreased equity by 52,077,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-190.09 Million | -10.01% |
| Other Comprehensive Income | ฿-17.19 Million | -0.91% |
| Other Changes | ฿-52.08 Million | -2.74% |
| Total Change | ฿- | -12.02% |
Book Value vs Market Value Analysis
This analysis compares Prime Road Power 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: 0.11x
- 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 0.01x to 0.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿5.69 | ฿0.05 | x |
| 2005-12-31 | ฿6.77 | ฿0.05 | x |
| 2006-12-31 | ฿4.95 | ฿0.05 | x |
| 2007-12-31 | ฿4.16 | ฿0.05 | x |
| 2008-12-31 | ฿2.14 | ฿0.05 | x |
| 2009-12-31 | ฿2.97 | ฿0.05 | x |
| 2010-12-31 | ฿3.60 | ฿0.05 | x |
| 2011-12-31 | ฿4.50 | ฿0.05 | x |
| 2012-12-31 | ฿7.18 | ฿0.05 | x |
| 2013-12-31 | ฿4.38 | ฿0.05 | x |
| 2014-12-31 | ฿4.22 | ฿0.05 | x |
| 2015-12-31 | ฿3.50 | ฿0.05 | x |
| 2016-12-31 | ฿2.59 | ฿0.05 | x |
| 2017-12-31 | ฿0.81 | ฿0.05 | x |
| 2018-12-31 | ฿0.02 | ฿0.05 | x |
| 2019-12-31 | ฿0.57 | ฿0.05 | x |
| 2020-12-31 | ฿0.64 | ฿0.05 | x |
| 2021-12-31 | ฿0.70 | ฿0.05 | x |
| 2022-12-31 | ฿0.73 | ฿0.05 | x |
| 2023-12-31 | ฿0.51 | ฿0.05 | x |
| 2024-12-31 | ฿0.45 | ฿0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prime Road Power 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): -10.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.80%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.93x
- Recent ROE (-10.01%) is above the historical average (-46.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 45.11% | 21.75% | 1.70x | 1.22x | ฿20.48 Million |
| 2005 | 2.55% | 2.04% | 1.07x | 1.17x | ฿-8.76 Million |
| 2006 | -25.20% | -29.22% | 0.78x | 1.11x | ฿-33.06 Million |
| 2007 | -25.79% | -175.02% | 0.14x | 1.03x | ฿-126.44 Million |
| 2008 | -29.82% | -285.12% | 0.09x | 1.12x | ฿-192.88 Million |
| 2009 | 0.67% | 2.07% | 0.31x | 1.06x | ฿-45.51 Million |
| 2010 | 11.17% | 27.28% | 0.35x | 1.16x | ฿9.08 Million |
| 2011 | 2.43% | 12.10% | 0.17x | 1.15x | ฿-59.77 Million |
| 2012 | 2.36% | 17.12% | 0.12x | 1.19x | ฿-100.92 Million |
| 2013 | -6.21% | -19.41% | 0.25x | 1.30x | ฿-230.09 Million |
| 2014 | -15.87% | -54.40% | 0.22x | 1.33x | ฿-410.60 Million |
| 2015 | -16.51% | -38.40% | 0.32x | 1.34x | ฿-449.06 Million |
| 2016 | -33.38% | -61.93% | 0.31x | 1.76x | ฿-550.18 Million |
| 2017 | -222.17% | -134.19% | 0.48x | 3.45x | ฿-985.79 Million |
| 2018 | -644.77% | -71.15% | 0.58x | 15.69x | ฿-512.24 Million |
| 2019 | 11.83% | 79.28% | 0.06x | 2.36x | ฿40.95 Million |
| 2020 | 10.66% | 58.27% | 0.08x | 2.16x | ฿17.97 Million |
| 2021 | 4.39% | 22.91% | 0.09x | 2.17x | ฿-166.52 Million |
| 2022 | 4.43% | 12.29% | 0.11x | 3.39x | ฿-172.15 Million |
| 2023 | -41.79% | -55.98% | 0.17x | 4.28x | ฿-1.12 Billion |
| 2024 | -10.01% | -15.80% | 0.16x | 3.93x | ฿-379.91 Million |
Industry Comparison
This section compares Prime Road Power Public Company Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $7,074,167,484
- Average return on equity (ROE) among peers: 6.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prime Road Power Public Company Limited (PRIME) | ฿1.97 Billion | 45.11% | 2.60x | $2.36 Million |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| Absolute Clean Energy PCL (ACE) | $14.18 Billion | 9.04% | 0.41x | $77.52 Million |
| ABSOLUTE CLEAN ENERGY (ACE-R) | $276.78 Million | -1.23% | 37.38x | $79.91 Million |
| BBGI PCL (BBGI) | $6.50 Billion | 12.99% | 0.96x | $41.12 Million |
| BCPG Public Company Limited (BCPG) | $27.23 Billion | 7.39% | 1.16x | $229.34 Million |
| Clover Power PCL (CV) | $590.77 Million | 33.82% | 2.29x | $553.20K |
| Energy Absolute Public Company Limited (EA) | $19.52 Billion | 25.49% | 2.03x | $424.82 Million |
| Earth Tech Environment Public Company Limited (ETC) | $222.14 Million | -9.24% | 1.12x | $13.55 Million |
| Green Resources Public Company Limited (GREEN) | $767.18 Million | -4.00% | 0.36x | $7.02 Million |
| Meta Corporation Public Company Limited (META) | $1.31 Billion | -8.12% | 0.39x | $2.59 Million |