Principal Capital Public Company Limited (PRINC) - Net Assets
Based on the latest financial reports, Principal Capital Public Company Limited (PRINC) has net assets worth ฿9.61 Billion THB (≈ $299.58 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿16.51 Billion ≈ $514.65 Million USD) and total liabilities (฿6.90 Billion ≈ $215.07 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 Principal Capital Public Company Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿9.61 Billion |
| % of Total Assets | 58.21% |
| Annual Growth Rate | 17.15% |
| 5-Year Change | -12.7% |
| 10-Year Change | 21.08% |
| Growth Volatility | 77.37 |
Principal Capital Public Company Limited - Net Assets Trend (2004–2025)
This chart illustrates how Principal Capital Public Company Limited's net assets have evolved over time, based on quarterly financial data. See PRINC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Principal Capital Public Company Limited (2004–2025)
The table below shows the annual net assets of Principal Capital Public Company Limited from 2004 to 2025. For live valuation and market cap data, see Principal Capital Public Company Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿9.48 Billion ≈ $295.53 Million |
-4.02% |
| 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 3454.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿3.81 Billion | 43.64% |
| Other Comprehensive Income | ฿82.91 Million | 0.95% |
| Other Components | ฿6.23 Billion | 71.43% |
| Total Equity | ฿8.73 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 |
|---|---|
|
KlaraBo Sverige AB Series B
ST:KLARA-B
|
$204.18 Million |
|
Perma-Fix Environmental Svcs Inc
NASDAQ:PESI
|
$204.21 Million |
|
Namhae Chemical
KO:025860
|
$204.39 Million |
|
Pyrophyte Acquisition Corp. II
NYSE:PAII
|
$204.47 Million |
|
Xingguang Agricultural Mach
SHG:603789
|
$204.14 Million |
|
Yatsen Holding
NYSE:YSG
|
$204.09 Million |
|
CviLux Corp
TW:8103
|
$203.96 Million |
|
Kingstone Companies Inc
NASDAQ:KINS
|
$203.95 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 2024 to 2025, total equity changed from 9,146,819,272 to 8,726,993,713, a change of -419,825,559 (-4.6%).
- Net loss of 406,048,328 reduced equity.
- Dividend payments of 36,661,384 reduced retained earnings.
- Other comprehensive income increased equity by 9,909,679.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-406.05 Million | -4.65% |
| Dividends Paid | ฿36.66 Million | -0.42% |
| Other Comprehensive Income | ฿9.91 Million | +0.11% |
| Other Changes | ฿12.97 Million | +0.15% |
| Total Change | ฿- | -4.59% |
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: 0.75x
- 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.
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 |
| 2025-12-31 | ฿2.29 | ฿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): -4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.70%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.75x
- Recent ROE (-4.65%) is below the historical average (0.76%), suggesting potential challenges in 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 |
| 2025 | -4.65% | -6.70% | 0.40x | 1.75x | ฿-1.28 Billion |
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: $8,950,789,602
- Average return on equity (ROE) among peers: 19.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Principal Capital Public Company Limited (PRINC) | ฿9.61 Billion | 21.63% | 0.72x | $204.18 Million |
| Aikchol Hospital Public Company Limited (AHC) | $794.85 Million | 10.66% | 0.24x | $59.81 Million |
| Bangkok Chain Hospital Public Company Limited (BCH) | $2.45 Billion | 11.45% | 0.64x | $726.76 Million |
| Bangkok Chain Hospital Public Company Limited (BCH-R) | $3.68 Billion | 17.34% | 0.49x | $1.03 Billion |
| Bangkok Dusit Medical Services Public Company Limited (BDMS) | $56.18 Billion | 14.09% | 0.82x | $9.06 Billion |
| Bumrungrad Hospital PCL (BH) | $4.35 Billion | 36.92% | 0.72x | $4.61 Billion |
| Bumrungrad Hospital Public Company Limited (BH-R) | $14.79 Billion | 24.52% | 0.44x | $4.61 Billion |
| Chularat Hospital Public Company Limited (CHG) | $3.47 Billion | 16.28% | 0.43x | $517.72 Million |
| Chularat Hospital Public Company Limited (CHG-R) | $3.47 Billion | 16.28% | 0.43x | $589.72 Million |
| Chiang Mai Ram Medical Business Public Company Limited (CMR) | $213.61 Million | 10.76% | 0.17x | $162.42 Million |
| Dental Corporation Public Company Limited (D) | $106.33 Million | 39.99% | 1.05x | $30.93 Million |
About Principal Capital Public Company Limited
Principal Capital Public Company Limited, together with its subsidiaries, operates and manages hospitals that provide healthcare services in Thailand. It operates through Healthcare Services Business, Property Development and Rental Business, and Other Business segments. The company also engages in the provision of property development services; and operation of nursing homes. The company was for… Read more