PROEN Corp Public Company Limited
PROEN Corp Public Company Limited, together with its subsidiaries, engages in the distribution of IT equipment in Thailand. It operates through three segments: IT Equipment Distribution; Internet Data Center and Related Services; and Construction. The company provides internet data centers; PROEN multi-cloud; DevOps; database as a service, S3 storage, backup as a service, DR as a service, and dat… Read more
PROEN Corp Public Company Limited (PROEN) - Net Assets
Latest net assets as of September 2025: ฿599.12 Million THB
Based on the latest financial reports, PROEN Corp Public Company Limited (PROEN) has net assets worth ฿599.12 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.33 Billion) and total liabilities (฿729.50 Million). 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 | ฿599.12 Million |
| % of Total Assets | 45.09% |
| Annual Growth Rate | 23.95% |
| 5-Year Change | 285.32% |
| 10-Year Change | N/A |
| Growth Volatility | 56.93 |
PROEN Corp Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how PROEN Corp 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 PROEN Corp Public Company Limited (2016–2024)
The table below shows the annual net assets of PROEN Corp Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿579.82 Million | +3.67% |
| 2023-12-31 | ฿559.30 Million | +18.52% |
| 2022-12-31 | ฿471.89 Million | +12.41% |
| 2021-12-31 | ฿419.78 Million | +178.96% |
| 2020-12-31 | ฿150.48 Million | +36.72% |
| 2019-12-31 | ฿110.06 Million | -6.09% |
| 2018-12-31 | ฿117.21 Million | +16.48% |
| 2017-12-31 | ฿100.62 Million | -3.34% |
| 2016-12-31 | ฿104.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PROEN Corp 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 71.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿22.41 Million | 3.87% |
| Other Components | ฿557.38 Million | 96.13% |
| Total Equity | ฿579.79 Million | 100.00% |
PROEN Corp Public Company Limited Competitors by Market Cap
The table below lists competitors of PROEN Corp Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EV Resources Ltd
AU:EVR
|
$7.27 Million |
|
PT Hatten Bali Tbk
JK:WINE
|
$7.27 Million |
|
The Steel Public Company Limited
BK:THE
|
$7.27 Million |
|
Mudajaya Group Bhd
KLSE:5085
|
$7.27 Million |
|
NewHold Investment Corp III Warrants
NASDAQ:NHICW
|
$7.27 Million |
|
Electro-Sensors Inc
NASDAQ:ELSE
|
$7.27 Million |
|
EZZ Life Science Holdings Ltd
AU:EZZ
|
$7.27 Million |
|
Agricore CS Holdings Berhad
KLSE:0309
|
$7.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PROEN Corp Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 557,520,317 to 579,789,409, a change of 22,269,092 (4.0%).
- Net income of 29,228,690 contributed positively to equity growth.
- New share issuances of 46,253,848 increased equity.
- Other comprehensive income decreased equity by 12,088,498.
- Other factors decreased equity by 41,124,948.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿29.23 Million | +5.04% |
| Share Issuances | ฿46.25 Million | +7.98% |
| Other Comprehensive Income | ฿-12.09 Million | -2.08% |
| Other Changes | ฿-41.12 Million | -7.09% |
| Total Change | ฿- | 3.99% |
Book Value vs Market Value Analysis
This analysis compares PROEN Corp 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: 0.68x
- 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 0.96x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿1.05 | ฿1.01 | x |
| 2017-12-31 | ฿1.03 | ฿1.01 | x |
| 2018-12-31 | ฿1.21 | ฿1.01 | x |
| 2019-12-31 | ฿1.28 | ฿1.01 | x |
| 2020-12-31 | ฿1.75 | ฿1.01 | x |
| 2021-12-31 | ฿1.45 | ฿1.01 | x |
| 2022-12-31 | ฿1.33 | ฿1.01 | x |
| 2023-12-31 | ฿1.49 | ฿1.01 | x |
| 2024-12-31 | ฿1.48 | ฿1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PROEN Corp 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): 5.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.13%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.54x
- Recent ROE (5.04%) is below the historical average (15.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 26.55% | 9.18% | 1.52x | 1.90x | ฿16.94 Million |
| 2017 | 31.47% | 6.72% | 1.41x | 3.32x | ฿21.48 Million |
| 2018 | 20.13% | 3.31% | 1.73x | 3.52x | ฿11.87 Million |
| 2019 | 15.09% | 1.88% | 1.43x | 5.59x | ฿5.60 Million |
| 2020 | 16.79% | 2.52% | 1.50x | 4.43x | ฿10.22 Million |
| 2021 | 6.95% | 2.75% | 0.98x | 2.57x | ฿-12.82 Million |
| 2022 | 13.85% | 4.26% | 0.96x | 3.38x | ฿18.12 Million |
| 2023 | 2.83% | 2.06% | 0.42x | 3.23x | ฿-40.00 Million |
| 2024 | 5.04% | 4.13% | 0.48x | 2.54x | ฿-28.75 Million |
Industry Comparison
This section compares PROEN Corp Public Company Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $6,881,961,574
- Average return on equity (ROE) among peers: 10.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PROEN Corp Public Company Limited (PROEN) | ฿599.12 Million | 26.55% | 1.22x | $7.27 Million |
| Bliss-Tel PLC (BLISS) | $1.69 Billion | -9.78% | 0.31x | $8.24 |
| Forth Smart Service Public Company Limited (FSMART) | $1.02 Billion | 26.71% | 1.20x | $52.69 Million |
| Information and Communication Networks Public Company Limited (ICN) | $165.10 Million | 16.42% | 1.91x | $20.42 Million |
| Intouch Holdings Public Company Limited (INTUCH) | $44.14 Billion | 25.03% | 0.19x | $1.96 Billion |
| Interlink Telecom Public Company Limited (ITEL) | $1.71 Billion | 10.57% | 2.87x | $15.41 Million |
| Jasmine Telecom Systems Public Company Limited (JTS) | $1.75 Billion | 5.30% | 2.60x | $333.86 Million |
| Samart Telcoms Public Company Limited (SAMTEL) | $3.30 Billion | -8.70% | 1.11x | $11.78 Million |
| Symphony Communication Public Company Limited (SYMC) | $1.27 Billion | 19.32% | 0.77x | $14.45 Million |