Principal Capital Public Company Limited
Principal Capital Public Company Limited operates and manages hospitals in Thailand. The company engages in operating hotels and serviced apartments; office building rental; and rental activities. It offers office building management services; and medical services. The company was formerly known as Metro Star Property Public Company Limited and changed its name to Principal Capital Public Company… Read more
Principal Capital Public Company Limited (PRINC) - Net Assets
Latest net assets as of September 2025: ฿9.55 Billion THB
Based on the latest financial reports, Principal Capital Public Company Limited (PRINC) has net assets worth ฿9.55 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 (฿15.01 Billion) and total liabilities (฿5.47 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 | ฿9.55 Billion |
| % of Total Assets | 63.58% |
| Annual Growth Rate | 18.32% |
| 5-Year Change | 5.93% |
| 10-Year Change | 397.44% |
| Growth Volatility | 78.9 |
Principal Capital Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Principal Capital 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 Principal Capital Public Company Limited (2004–2024)
The table below shows the annual net assets of Principal Capital Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿9.88 Billion | +3.25% |
| 2023-12-31 | ฿9.57 Billion | -7.30% |
| 2022-12-31 | ฿10.32 Billion | -4.97% |
| 2021-12-31 | ฿10.86 Billion | +16.47% |
| 2020-12-31 | ฿9.32 Billion | -3.98% |
| 2019-12-31 | ฿9.71 Billion | +9.84% |
| 2018-12-31 | ฿8.84 Billion | -0.92% |
| 2017-12-31 | ฿8.92 Billion | +13.96% |
| 2016-12-31 | ฿7.83 Billion | +294.33% |
| 2015-12-31 | ฿1.99 Billion | +1.49% |
| 2014-12-31 | ฿1.96 Billion | +1.52% |
| 2013-12-31 | ฿1.93 Billion | +94.12% |
| 2012-12-31 | ฿992.84 Million | -5.56% |
| 2011-12-31 | ฿1.05 Billion | -8.02% |
| 2010-12-31 | ฿1.14 Billion | +5.69% |
| 2009-12-31 | ฿1.08 Billion | -16.08% |
| 2008-12-31 | ฿1.29 Billion | +32.31% |
| 2007-12-31 | ฿973.97 Million | -6.56% |
| 2006-12-31 | ฿1.04 Billion | -3.59% |
| 2005-12-31 | ฿1.08 Billion | +216.45% |
| 2004-12-31 | ฿341.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Principal Capital 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 2858.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿3.81 Billion | 41.64% |
| Other Comprehensive Income | ฿73.00 Million | 0.80% |
| Other Components | ฿6.41 Billion | 70.13% |
| Total Equity | ฿9.15 Billion | 100.00% |
Principal Capital Public Company Limited Competitors by Market Cap
The table below lists competitors of Principal Capital Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zimmite Taiwan Ltd
TWO:8435
|
$39.69 Million |
|
Taiwan Takisawa Technology Co Ltd
TWO:6609
|
$39.70 Million |
|
Grace Therapeutics, Inc.
NASDAQ:GRCE
|
$39.72 Million |
|
Seafco Public Company Limited
BK:SEAFCO
|
$39.72 Million |
|
Whiting Petroleum Corporation
PINK:WLLBW
|
$39.68 Million |
|
Brinova Fastigheter AB (publ)
ST:BRIN-B
|
$39.66 Million |
|
Multilaser Industrial SA
SA:MLAS3
|
$39.66 Million |
|
Makina Takim Endustrisi AS
IS:MAKTK
|
$39.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Principal Capital Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,790,006,621 to 9,146,819,272, a change of 356,812,651 (4.1%).
- Net income of 351,438,843 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿351.44 Million | +3.84% |
| Other Changes | ฿5.37 Million | +0.06% |
| Total Change | ฿- | 4.06% |
Book Value vs Market Value Analysis
This analysis compares Principal Capital 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: 0.73x
- 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 0.86x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿2.04 | ฿1.75 | x |
| 2007-12-31 | ฿1.94 | ฿1.75 | x |
| 2008-12-31 | ฿2.51 | ฿1.75 | x |
| 2009-12-31 | ฿2.08 | ฿1.75 | x |
| 2010-12-31 | ฿2.22 | ฿1.75 | x |
| 2011-12-31 | ฿2.04 | ฿1.75 | x |
| 2012-12-31 | ฿1.93 | ฿1.75 | x |
| 2013-12-31 | ฿3.70 | ฿1.75 | x |
| 2014-12-31 | ฿2.09 | ฿1.75 | x |
| 2015-12-31 | ฿1.57 | ฿1.75 | x |
| 2016-12-31 | ฿5.29 | ฿1.75 | x |
| 2017-12-31 | ฿2.55 | ฿1.75 | x |
| 2018-12-31 | ฿2.49 | ฿1.75 | x |
| 2019-12-31 | ฿2.70 | ฿1.75 | x |
| 2020-12-31 | ฿2.40 | ฿1.75 | x |
| 2021-12-31 | ฿2.67 | ฿1.75 | x |
| 2022-12-31 | ฿2.50 | ฿1.75 | x |
| 2023-12-31 | ฿2.31 | ฿1.75 | x |
| 2024-12-31 | ฿2.40 | ฿1.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Principal Capital 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): 3.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.16%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.64x
- Recent ROE (3.84%) is above the historical average (1.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 21.63% | 21.01% | 0.23x | 4.40x | ฿39.75 Million |
| 2005 | 21.45% | 27.43% | 0.31x | 2.49x | ฿123.83 Million |
| 2006 | 3.83% | 7.25% | 0.18x | 2.98x | ฿-64.35 Million |
| 2007 | -9.81% | -22.85% | 0.13x | 3.28x | ฿-192.91 Million |
| 2008 | 26.97% | 36.22% | 0.28x | 2.63x | ฿218.71 Million |
| 2009 | -19.16% | -59.70% | 0.12x | 2.62x | ฿-315.37 Million |
| 2010 | 5.38% | 19.24% | 0.15x | 1.92x | ฿-52.78 Million |
| 2011 | -8.72% | -59.57% | 0.08x | 1.88x | ฿-196.80 Million |
| 2012 | -5.89% | -30.74% | 0.10x | 1.95x | ฿-157.75 Million |
| 2013 | -0.06% | -0.42% | 0.14x | 1.06x | ฿-193.92 Million |
| 2014 | 0.66% | 3.56% | 0.18x | 1.04x | ฿-182.70 Million |
| 2015 | 0.88% | 4.13% | 0.20x | 1.05x | ฿-181.05 Million |
| 2016 | -0.66% | -14.46% | 0.04x | 1.22x | ฿-834.37 Million |
| 2017 | -4.18% | -15.42% | 0.17x | 1.59x | ฿-1.17 Billion |
| 2018 | -2.15% | -6.36% | 0.19x | 1.77x | ฿-981.15 Million |
| 2019 | -1.77% | -5.42% | 0.20x | 1.66x | ฿-1.04 Billion |
| 2020 | -6.48% | -20.28% | 0.17x | 1.86x | ฿-1.37 Billion |
| 2021 | 0.83% | 1.61% | 0.29x | 1.78x | ฿-899.60 Million |
| 2022 | 2.52% | 3.59% | 0.38x | 1.87x | ฿-710.51 Million |
| 2023 | -7.85% | -12.24% | 0.32x | 2.03x | ฿-1.57 Billion |
| 2024 | 3.84% | 6.16% | 0.38x | 1.64x | ฿-563.24 Million |
Industry Comparison
This section compares Principal Capital Public Company Limited's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $2,892,225,945
- Average return on equity (ROE) among peers: 25.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Principal Capital Public Company Limited (PRINC) | ฿9.55 Billion | 21.63% | 0.57x | $39.68 Million |
| Aikchol Hospital Public Company Limited (AHC) | $1.55 Billion | 9.07% | 0.19x | $29.59 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $6.40 Billion | 17.03% | 0.97x | $429.99 Million |
| Bumrungrad Hospital PCL (BH) | $13.10 Billion | 26.23% | 0.63x | $3.50 Billion |
| Chularat Hospital Public Company Limited (CHG) | $1.12 Billion | 29.84% | 0.38x | $205.50 Million |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $5.27 Billion | 8.36% | 0.67x | $21.67 Million |
| Dental Corporation Public Company Limited (D) | $106.33 Million | 39.99% | 1.05x | $9.07 Million |
| Ekachai Medical Care Public Company Limited (EKH) | $953.94 Million | 16.80% | 0.15x | $56.66 Million |
| Genesis Fertility Center Public Company Limited (GFC) | $123.73 Million | 56.28% | 0.53x | $4.77 Million |
| Mukdahan International Hospital Public Company Limited (HANN) | $176.84 Million | 15.70% | 0.95x | $5.00 Million |
| Intermedical Care and Lab Hospital Public Company Limited (IMH) | $123.08 Million | 37.33% | 0.31x | $7.20 Million |