Principal Capital Public Company Limited (PRINC) - Net Assets

Latest as of September 2025: ฿9.55 Billion THB ≈ $297.54 Million USD

Based on the latest financial reports, Principal Capital Public Company Limited (PRINC) has net assets worth ฿9.55 Billion THB (≈ $297.54 Million USD) 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 ≈ $467.96 Million USD) and total liabilities (฿5.47 Billion ≈ $170.42 Million USD). 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. Check PRINC cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Principal Capital Public Company Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Principal Capital Public Company Limited market capitalisation.

Year	Net Assets	Change
2024-12-31	฿9.88 Billion ≈ $307.90 Million	+3.25%
2023-12-31	฿9.57 Billion ≈ $298.21 Million	-7.30%
2022-12-31	฿10.32 Billion ≈ $321.69 Million	-4.97%
2021-12-31	฿10.86 Billion ≈ $338.51 Million	+16.47%
2020-12-31	฿9.32 Billion ≈ $290.65 Million	-3.98%
2019-12-31	฿9.71 Billion ≈ $302.69 Million	+9.84%
2018-12-31	฿8.84 Billion ≈ $275.59 Million	-0.92%
2017-12-31	฿8.92 Billion ≈ $278.16 Million	+13.96%
2016-12-31	฿7.83 Billion ≈ $244.08 Million	+294.33%
2015-12-31	฿1.99 Billion ≈ $61.90 Million	+1.49%
2014-12-31	฿1.96 Billion ≈ $60.99 Million	+1.52%
2013-12-31	฿1.93 Billion ≈ $60.07 Million	+94.12%
2012-12-31	฿992.84 Million ≈ $30.95 Million	-5.56%
2011-12-31	฿1.05 Billion ≈ $32.77 Million	-8.02%
2010-12-31	฿1.14 Billion ≈ $35.63 Million	+5.69%
2009-12-31	฿1.08 Billion ≈ $33.71 Million	-16.08%
2008-12-31	฿1.29 Billion ≈ $40.17 Million	+32.31%
2007-12-31	฿973.97 Million ≈ $30.36 Million	-6.56%
2006-12-31	฿1.04 Billion ≈ $32.49 Million	-3.59%
2005-12-31	฿1.08 Billion ≈ $33.70 Million	+216.45%
2004-12-31	฿341.67 Million ≈ $10.65 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
Bastas Baskent Cimento Sanayi ve Ticaret AS IS:BASCM	$204.29 Million
Finwise Bancorp NASDAQ:FINW	$204.29 Million
Mold-Tek Packaging Limited NSE:MOLDTKPAC	$204.38 Million
Gunung Raja Paksi JK:GGRP	$204.39 Million
Eaton Vance Municipal Income Term Closed Fund NYSE:ETX	$204.16 Million
Remedy Entertainment Oyj HE:REMEDY	$204.01 Million
Linedata Services S.A. PA:LIN	$203.94 Million
GTS Internasional Tbk PT JK:GTSI	$203.93 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: 0.72x
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 0.84x to 0.72x 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	฿1.72	x
2007-12-31	฿1.94	฿1.72	x
2008-12-31	฿2.51	฿1.72	x
2009-12-31	฿2.08	฿1.72	x
2010-12-31	฿2.22	฿1.72	x
2011-12-31	฿2.04	฿1.72	x
2012-12-31	฿1.93	฿1.72	x
2013-12-31	฿3.70	฿1.72	x
2014-12-31	฿2.09	฿1.72	x
2015-12-31	฿1.57	฿1.72	x
2016-12-31	฿5.29	฿1.72	x
2017-12-31	฿2.55	฿1.72	x
2018-12-31	฿2.49	฿1.72	x
2019-12-31	฿2.70	฿1.72	x
2020-12-31	฿2.40	฿1.72	x
2021-12-31	฿2.67	฿1.72	x
2022-12-31	฿2.50	฿1.72	x
2023-12-31	฿2.31	฿1.72	x
2024-12-31	฿2.40	฿1.72	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: $5,288,381,762
Average return on equity (ROE) among peers: 15.80%

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	$204.18 Million
Aikchol Hospital Public Company Limited (AHC)	$2.07 Billion	13.11%	0.19x	$64.48 Million
Bangkok Chain Hospital Public Company Limited (BCH)	$13.70 Billion	10.26%	0.29x	$722.94 Million
Bangkok Chain Hospital Public Company Limited (BCH-R)	$4.67 Billion	11.18%	1.14x	$1.03 Billion
Bangkok Dusit Medical Services Public Company Limited (BDMS)	$1.96 Billion	9.18%	1.26x	$9.06 Billion
Bumrungrad Hospital PCL (BH)	$4.87 Billion	24.48%	0.67x	$4.47 Billion
Bumrungrad Hospital Public Company Limited (BH-R)	$16.70 Billion	23.61%	0.41x	$4.61 Billion
Chularat Hospital Public Company Limited (CHG)	$4.19 Billion	20.91%	0.48x	$490.29 Million
Chularat Hospital Public Company Limited (CHG-R)	$2.97 Billion	18.13%	0.20x	$589.72 Million
Chiang Mai Ram Medical Business Public Company Limited (CMR)	$1.67 Billion	12.28%	0.76x	$163.69 Million
Dental Corporation Public Company Limited (D)	$82.57 Million	14.90%	1.80x	$30.08 Million

About Principal Capital Public Company Limited

BK:PRINC Thailand Medical Care Facilities

Market Cap

$204.18 Million

฿6.55 Billion THB

Market Cap Rank

#16463 Global

#196 in Thailand

Share Price

฿1.72

Change (1 day)

+0.58%

52-Week Range

฿1.66 - ฿2.20

All Time High

฿9.50