Precious Shipping Public Company Limited (PSL-R) - Net Assets
Based on the latest financial reports, Precious Shipping Public Company Limited (PSL-R) has net assets worth ฿15.20 Billion THB (≈ $473.90 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿24.41 Billion ≈ $760.83 Million USD) and total liabilities (฿9.21 Billion ≈ $286.94 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. Also explore PSL-R current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿15.20 Billion |
| % of Total Assets | 62.29% |
| Annual Growth Rate | 2.69% |
| 5-Year Change | 66.4% |
| 10-Year Change | N/A |
| Growth Volatility | 16.52 |
Precious Shipping Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Precious Shipping Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see PSL-R market cap overview.
Annual Net Assets for Precious Shipping Public Company Limited (2016–2024)
The table below shows the annual net assets of Precious Shipping Public Company Limited from 2016 to 2024. Explore Precious Shipping Public Company Limited (PSL-R) cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿16.86 Billion ≈ $525.62 Million |
+3.80% |
| 2023-12-31 | ฿16.25 Billion ≈ $506.37 Million |
-1.32% |
| 2022-12-31 | ฿16.46 Billion ≈ $513.13 Million |
+14.60% |
| 2021-12-31 | ฿14.37 Billion ≈ $447.75 Million |
+41.75% |
| 2020-12-31 | ฿10.13 Billion ≈ $315.88 Million |
-12.33% |
| 2019-12-31 | ฿11.56 Billion ≈ $360.29 Million |
-8.95% |
| 2018-12-31 | ฿12.70 Billion ≈ $395.71 Million |
+2.92% |
| 2017-12-31 | ฿12.34 Billion ≈ $384.49 Million |
-9.51% |
| 2016-12-31 | ฿13.63 Billion ≈ $424.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Precious Shipping 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 34.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿12.69 Billion | 75.27% |
| Other Components | ฿4.17 Billion | 24.73% |
| Total Equity | ฿16.86 Billion | 100.00% |
Precious Shipping Public Company Limited Competitors by Market Cap
The table below lists competitors of Precious Shipping Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cognor S.A.
WAR:COG
|
$312.48 Million |
|
Nepes Ark Corp.
KQ:330860
|
$312.53 Million |
|
Svedbergs i Dalstorp AB (publ)
ST:SVED-B
|
$312.53 Million |
|
Canada Nickel Company Inc
V:CNC
|
$312.56 Million |
|
DEE Development Eng Ltd
NSE:DEEDEV
|
$312.36 Million |
|
Marie Brizard Wine & Spirits
PA:MBWS
|
$312.08 Million |
|
Eaton Vance Senior Floating Rate Closed Fund
NYSE:EFR
|
$312.06 Million |
|
Tang Eng Iron Works Co Ltd
TWO:2035
|
$312.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Precious Shipping Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,245,709,015 to 16,863,489,315, a change of 617,780,300 (3.8%).
- Net income of 1,468,280,515 contributed positively to equity growth.
- Dividend payments of 623,635,013 reduced retained earnings.
- Other factors decreased equity by 226,865,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.47 Billion | +8.71% |
| Dividends Paid | ฿623.64 Million | -3.7% |
| Other Changes | ฿-226.87 Million | -1.35% |
| Total Change | ฿- | 3.80% |
Book Value vs Market Value Analysis
This analysis compares Precious Shipping 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: 0.62x
- 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 0.85x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿7.91 | ฿6.75 | x |
| 2018-12-31 | ฿8.14 | ฿6.75 | x |
| 2019-12-31 | ฿7.41 | ฿6.75 | x |
| 2020-12-31 | ฿6.50 | ฿6.75 | x |
| 2021-12-31 | ฿9.21 | ฿6.75 | x |
| 2022-12-31 | ฿10.56 | ฿6.75 | x |
| 2023-12-31 | ฿10.42 | ฿6.75 | x |
| 2024-12-31 | ฿10.81 | ฿6.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Precious Shipping 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): 8.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.53%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.55x
- Recent ROE (8.71%) is above the historical average (4.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -19.55% | -72.22% | 0.11x | 2.37x | ฿-4.03 Billion |
| 2017 | -1.05% | -2.99% | 0.15x | 2.34x | ฿-1.36 Billion |
| 2018 | 3.59% | 9.25% | 0.18x | 2.19x | ฿-813.34 Million |
| 2019 | -1.98% | -5.50% | 0.17x | 2.17x | ฿-1.38 Billion |
| 2020 | -12.78% | -34.71% | 0.17x | 2.11x | ฿-2.31 Billion |
| 2021 | 31.15% | 51.94% | 0.37x | 1.64x | ฿3.04 Billion |
| 2022 | 29.47% | 53.14% | 0.38x | 1.48x | ฿3.20 Billion |
| 2023 | 4.37% | 13.92% | 0.21x | 1.50x | ฿-914.97 Million |
| 2024 | 8.71% | 24.53% | 0.23x | 1.55x | ฿-218.07 Million |
Industry Comparison
This section compares Precious Shipping Public Company Limited's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,928,608,808
- Average return on equity (ROE) among peers: 13.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Precious Shipping Public Company Limited (PSL-R) | ฿15.20 Billion | -19.55% | 0.61x | $312.37 Million |
| Ama Marine Public Company Limited (AMA) | $2.96 Billion | 7.82% | 0.43x | $62.63 Million |
| Namyong Terminal PCL (NYT) | $3.75 Billion | 10.35% | 0.16x | $165.42 Million |
| Sahathai Terminal Public Company Limited (PORT) | $921.58 Million | 6.70% | 1.54x | $9.46 Million |
| Precious Shipping Public Company Limited (PSL) | $12.34 Billion | -1.05% | 1.34x | $314.68 Million |
| Regional Container Lines Public Company Limited (RCL) | $25.91 Billion | 69.36% | 0.49x | $794.32 Million |
| Regional Container Lines Public Company Limited (RCL-R) | $9.07 Billion | 19.23% | 0.98x | $697.45 Million |
| Raja Ferry Port Public Company Limited (RP) | $544.17 Million | -16.37% | 1.22x | $3.07 Million |
About Precious Shipping Public Company Limited
Precious Shipping Public Company Limited, a holding company, owns and operates dry bulk ships on a tramp shipping basis in Thailand and internationally. The company involved in the chartering and owning of ships, as well as invests in marine transportation and manages ships. It also owns and operates 40 ships, including 8 Supramax, 8 Ultramax, 20 Handysize, and 4 Cement carriers with a total capa… Read more