Prima Marine Public Company Limited
Prima Marine Public Company Limited provides marine transportation of petroleum and chemical products in Thailand, Singapore, and internationally. The company transports and stores crude oil, petroleum products, semi-petroleum products, and liquefied petroleum gas. It also offers oil tankers for supporting offshore exploration and petroleum production; and transport and floating storage unit serv… Read more
Prima Marine Public Company Limited (PRM) - Net Assets
Latest net assets as of September 2025: ฿11.61 Billion THB
Based on the latest financial reports, Prima Marine Public Company Limited (PRM) has net assets worth ฿11.61 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 (฿23.74 Billion) and total liabilities (฿12.13 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 | ฿11.61 Billion |
| % of Total Assets | 48.9% |
| Annual Growth Rate | 23.29% |
| 5-Year Change | 40.94% |
| 10-Year Change | 455.41% |
| Growth Volatility | 37.95 |
Prima Marine Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Prima Marine 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 Prima Marine Public Company Limited (2014–2024)
The table below shows the annual net assets of Prima Marine Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿11.73 Billion | -2.55% |
| 2023-12-31 | ฿12.04 Billion | +11.34% |
| 2022-12-31 | ฿10.81 Billion | +18.68% |
| 2021-12-31 | ฿9.11 Billion | +9.44% |
| 2020-12-31 | ฿8.32 Billion | +14.34% |
| 2019-12-31 | ฿7.28 Billion | +4.44% |
| 2018-12-31 | ฿6.97 Billion | +11.59% |
| 2017-12-31 | ฿6.25 Billion | +134.87% |
| 2016-12-31 | ฿2.66 Billion | +25.92% |
| 2015-12-31 | ฿2.11 Billion | +46.10% |
| 2014-12-31 | ฿1.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prima Marine 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 842.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿5.39 Billion | 47.64% |
| Other Components | ฿5.92 Billion | 52.36% |
| Total Equity | ฿11.31 Billion | 100.00% |
Prima Marine Public Company Limited Competitors by Market Cap
The table below lists competitors of Prima Marine Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai New Centurion Network Information Technology Co Ltd
SHG:605398
|
$190.20 Million |
|
ClearSign Technologies Corp.
LSE:0I0B
|
$190.24 Million |
|
Jiangsu Yida Chemical Co Ltd Class A
SHE:300721
|
$190.27 Million |
|
CUSTODIAN PROP.INC.LS-01
F:IT3
|
$190.36 Million |
|
Zhongyan Technology Co Ltd
SHE:003001
|
$190.11 Million |
|
Alvopetro Energy
V:ALV
|
$190.03 Million |
|
LifeSemantics Corp.
KQ:347700
|
$189.97 Million |
|
First Community Corporation
NASDAQ:FCCO
|
$189.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prima Marine Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,620,905,000 to 11,313,512,000, a change of -307,393,000 (-2.6%).
- Net income of 2,120,190,000 contributed positively to equity growth.
- Dividend payments of 1,170,371,000 reduced retained earnings.
- Share repurchases of 1,214,138,000 reduced equity.
- Other comprehensive income decreased equity by 312,670,000.
- Other factors increased equity by 269,596,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.12 Billion | +18.74% |
| Dividends Paid | ฿1.17 Billion | -10.34% |
| Share Repurchases | ฿1.21 Billion | -10.73% |
| Other Comprehensive Income | ฿-312.67 Million | -2.76% |
| Other Changes | ฿269.60 Million | +2.38% |
| Total Change | ฿- | -2.65% |
Book Value vs Market Value Analysis
This analysis compares Prima Marine 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: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.97x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.32 | ฿7.60 | x |
| 2015-12-31 | ฿0.39 | ฿7.60 | x |
| 2016-12-31 | ฿1.01 | ฿7.60 | x |
| 2017-12-31 | ฿2.85 | ฿7.60 | x |
| 2018-12-31 | ฿2.64 | ฿7.60 | x |
| 2019-12-31 | ฿2.77 | ฿7.60 | x |
| 2020-12-31 | ฿3.14 | ฿7.60 | x |
| 2021-12-31 | ฿3.51 | ฿7.60 | x |
| 2022-12-31 | ฿4.16 | ฿7.60 | x |
| 2023-12-31 | ฿4.65 | ฿7.60 | x |
| 2024-12-31 | ฿4.86 | ฿7.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prima Marine 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): 18.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.12%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.04x
- Recent ROE (18.74%) is below the historical average (22.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 51.43% | 11.71% | 0.55x | 7.99x | ฿328.37 Million |
| 2015 | 38.48% | 9.73% | 0.59x | 6.67x | ฿280.40 Million |
| 2016 | 31.23% | 18.33% | 0.51x | 3.32x | ฿535.46 Million |
| 2017 | 11.72% | 15.95% | 0.42x | 1.74x | ฿105.60 Million |
| 2018 | 10.80% | 15.89% | 0.41x | 1.64x | ฿52.77 Million |
| 2019 | 14.80% | 19.14% | 0.41x | 1.89x | ฿331.85 Million |
| 2020 | 19.51% | 25.87% | 0.43x | 1.74x | ฿747.43 Million |
| 2021 | 15.97% | 23.86% | 0.34x | 1.98x | ฿524.54 Million |
| 2022 | 21.27% | 28.71% | 0.37x | 1.98x | ฿1.17 Billion |
| 2023 | 18.29% | 26.28% | 0.39x | 1.78x | ฿963.30 Million |
| 2024 | 18.74% | 24.12% | 0.38x | 2.04x | ฿988.84 Million |
Industry Comparison
This section compares Prima Marine Public Company Limited's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $4,352,872,932
- Average return on equity (ROE) among peers: 9.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prima Marine Public Company Limited (PRM) | ฿11.61 Billion | 51.43% | 1.04x | $190.18 Million |
| Pilatus Marine PCL (PLT) | $411.55 Million | 15.12% | 0.96x | $4.38 Million |
| PRIMA MARINE PCL-NVDR (PRM-R) | $7.28 Billion | 14.06% | 0.79x | $145.66 Million |
| Power Solution Technologies Public Company Limited (PSTC) | $5.37 Billion | -1.91% | 0.36x | $15.99 Million |