PSG Corp. PCL
PSG Corporation Public Company Limited, together with its subsidiary, engages in turnkey engineering, procurement, and construction (EPC), and large-scale construction projects in Thailand and the Lao People's Democratic Republic. It offers construction services for projects, such as civil engineering, industrial construction, superstructure, installation, mechanical and electrical engineering pr… Read more
PSG Corp. PCL (PSG) - Net Assets
Latest net assets as of September 2025: ฿4.78 Billion THB
Based on the latest financial reports, PSG Corp. PCL (PSG) has net assets worth ฿4.78 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 (฿5.48 Billion) and total liabilities (฿702.46 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 | ฿4.78 Billion |
| % of Total Assets | 87.19% |
| Annual Growth Rate | 23.48% |
| 5-Year Change | 2658.88% |
| 10-Year Change | 490.35% |
| Growth Volatility | 2710.48 |
PSG Corp. PCL - Net Assets Trend (2007–2024)
This chart illustrates how PSG Corp. PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PSG Corp. PCL (2007–2024)
The table below shows the annual net assets of PSG Corp. PCL from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.49 Billion | +46.88% |
| 2023-12-31 | ฿3.06 Billion | +75.88% |
| 2022-12-31 | ฿1.74 Billion | +44.81% |
| 2021-12-31 | ฿1.20 Billion | +637.51% |
| 2020-12-31 | ฿162.76 Million | -2.63% |
| 2019-12-31 | ฿167.15 Million | -36.77% |
| 2018-12-31 | ฿264.37 Million | -41.02% |
| 2017-12-31 | ฿448.24 Million | -23.29% |
| 2016-12-31 | ฿584.30 Million | -23.18% |
| 2015-12-31 | ฿760.60 Million | +11543.20% |
| 2014-12-31 | ฿6.53 Million | -96.77% |
| 2013-12-31 | ฿202.03 Million | +1.72% |
| 2012-12-31 | ฿198.61 Million | +1529.80% |
| 2011-12-31 | ฿12.19 Million | +295.53% |
| 2010-12-31 | ฿3.08 Million | +1.55% |
| 2009-12-31 | ฿3.03 Million | -95.40% |
| 2008-12-31 | ฿65.93 Million | -46.99% |
| 2007-12-31 | ฿124.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PSG Corp. PCL'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 180981498901.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.67 Billion | 37.14% |
| Other Components | ฿2.82 Billion | 62.86% |
| Total Equity | ฿4.49 Billion | 100.00% |
PSG Corp. PCL Competitors by Market Cap
The table below lists competitors of PSG Corp. PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino BiologicalInc.
SHE:301047
|
$400.87 Million |
|
Beijing Career International Co Ltd
SHE:300662
|
$400.92 Million |
|
Helgeland Sparebank
OL:HELG
|
$400.97 Million |
|
TRI CHEMICAL LABORAT.INC.
F:22E
|
$400.98 Million |
|
Yan Tai Shuang Ta Food Co Ltd
SHE:002481
|
$400.18 Million |
|
Pansoft Company Limited
SHE:300996
|
$400.16 Million |
|
Chromadex Corp
NASDAQ:CDXC
|
$400.11 Million |
|
Compass Diversified Holdings
NYSE:CODI
|
$400.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PSG Corp. PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,057,006,282 to 4,490,229,161, a change of 1,433,222,879 (46.9%).
- Net income of 1,438,754,519 contributed positively to equity growth.
- Other comprehensive income decreased equity by 37,398,452.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.44 Billion | +32.04% |
| Other Comprehensive Income | ฿-37.40 Million | -0.83% |
| Other Changes | ฿31.87 Million | +0.71% |
| Total Change | ฿- | 46.88% |
Book Value vs Market Value Analysis
This analysis compares PSG Corp. PCL'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: 11.29x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.20x to 11.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | ฿0.60 | ฿3.12 | x |
| 2008-12-31 | ฿0.48 | ฿3.12 | x |
| 2009-12-31 | ฿0.01 | ฿3.12 | x |
| 2010-12-31 | ฿0.01 | ฿3.12 | x |
| 2011-12-31 | ฿0.05 | ฿3.12 | x |
| 2012-12-31 | ฿0.78 | ฿3.12 | x |
| 2013-12-31 | ฿0.40 | ฿3.12 | x |
| 2014-12-31 | ฿0.01 | ฿3.12 | x |
| 2015-12-31 | ฿0.10 | ฿3.12 | x |
| 2016-12-31 | ฿0.06 | ฿3.12 | x |
| 2017-12-31 | ฿0.04 | ฿3.12 | x |
| 2018-12-31 | ฿0.03 | ฿3.12 | x |
| 2019-12-31 | ฿0.02 | ฿3.12 | x |
| 2020-12-31 | ฿0.02 | ฿3.12 | x |
| 2021-12-31 | ฿0.06 | ฿3.12 | x |
| 2022-12-31 | ฿0.03 | ฿3.12 | x |
| 2023-12-31 | ฿0.05 | ฿3.12 | x |
| 2024-12-31 | ฿0.28 | ฿3.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PSG Corp. PCL 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): 32.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.96%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.09x
- Recent ROE (32.04%) is above the historical average (-851.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -174.21% | -13.56% | 1.92x | 6.68x | ฿-229.10 Million |
| 2008 | -88.63% | -4.98% | 1.83x | 9.71x | ฿-65.03 Million |
| 2009 | -3726.00% | -13.46% | 1.45x | 190.49x | ฿-113.35 Million |
| 2010 | -744.39% | -2.03% | 1.56x | 235.59x | ฿-23.24 Million |
| 2011 | 74.72% | 0.62% | 1.34x | 89.31x | ฿7.89 Million |
| 2012 | 14.08% | 1.44% | 1.81x | 5.39x | ฿8.11 Million |
| 2013 | -22.67% | -2.99% | 1.04x | 7.28x | ฿-66.00 Million |
| 2014 | -10547.55% | -64.08% | 0.88x | 187.08x | ฿-689.68 Million |
| 2015 | 3.58% | 5.30% | 0.38x | 1.76x | ฿-48.85 Million |
| 2016 | -51.17% | -84.24% | 0.32x | 1.92x | ฿-357.42 Million |
| 2017 | -26.59% | -22.95% | 0.57x | 2.02x | ฿-164.00 Million |
| 2018 | -70.66% | -28.02% | 0.78x | 3.22x | ฿-213.23 Million |
| 2019 | -54.45% | -30.42% | 0.46x | 3.89x | ฿-107.72 Million |
| 2020 | -21.92% | -58.67% | 0.21x | 1.77x | ฿-51.95 Million |
| 2021 | -5.26% | -341.35% | 0.01x | 1.08x | ฿-183.16 Million |
| 2022 | 31.09% | 52.48% | 0.53x | 1.12x | ฿366.64 Million |
| 2023 | 43.06% | 48.14% | 0.70x | 1.29x | ฿1.01 Billion |
| 2024 | 32.04% | 40.96% | 0.72x | 1.09x | ฿989.73 Million |
Industry Comparison
This section compares PSG Corp. PCL's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PSG Corp. PCL (PSG) | ฿4.78 Billion | -174.21% | 0.15x | $400.54 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |