P.S.P. Specialties Public Company Limited
P.S.P. Specialties Public Company Limited, together with its subsidiaries, manufactures and sells lubricant and grease oils in Thailand and internationally. It operates through Sales and Services segments. The company offers automotive and industrial lubricants, such as passenger car motor, motorcycle, heavy-duty diesel engine, marine engine, hydraulic, industrial engine and gear, turbine, heat t… Read more
P.S.P. Specialties Public Company Limited (PSP) - Net Assets
Latest net assets as of June 2024: ฿3.46 Billion THB
Based on the latest financial reports, P.S.P. Specialties Public Company Limited (PSP) has net assets worth ฿3.46 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.08 Billion) and total liabilities (฿3.62 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 | ฿3.46 Billion |
| % of Total Assets | 48.89% |
| Annual Growth Rate | -50.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.37 |
P.S.P. Specialties Public Company Limited - Net Assets Trend (2019–2022)
This chart illustrates how P.S.P. Specialties 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 P.S.P. Specialties Public Company Limited (2019–2022)
The table below shows the annual net assets of P.S.P. Specialties Public Company Limited from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ฿442.69 Million | -88.78% |
| 2021-12-31 | ฿3.94 Billion | +6.91% |
| 2020-12-31 | ฿3.69 Billion | +3.69% |
| 2019-12-31 | ฿3.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to P.S.P. Specialties 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 75.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿811.97 Million | 183.42% |
| Total Equity | ฿442.69 Million | 100.00% |
P.S.P. Specialties Public Company Limited Competitors by Market Cap
The table below lists competitors of P.S.P. Specialties Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Martin Midstream Partners LP
NASDAQ:MMLP
|
$81.68 Million |
|
Anglo Asian Mining PLC
PINK:AGXKF
|
$81.69 Million |
|
Steel Strips Wheels Limited
NSE:SSWL
|
$81.71 Million |
|
Singer Thailand Public Company Limited
BK:SINGER-R
|
$81.71 Million |
|
Citra Putra Realty Tbk PT
JK:CLAY
|
$81.67 Million |
|
ADAMS RES. EN. INC.DL-10
F:5QT
|
$81.59 Million |
|
Genovis AB (publ.)
ST:GENO
|
$81.58 Million |
|
Salim Ivomas Pratama Tbk
JK:SIMP
|
$81.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P.S.P. Specialties Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 3,675,126,856 to 442,693,097, a change of -3,232,433,759 (-88.0%).
- Net income of 537,264,375 contributed positively to equity growth.
- Dividend payments of 3,105,096,200 reduced retained earnings.
- New share issuances of 522,000,000 increased equity.
- Other factors decreased equity by 1,186,601,934.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿537.26 Million | +121.36% |
| Dividends Paid | ฿3.11 Billion | -701.41% |
| Share Issuances | ฿522.00 Million | +117.91% |
| Other Changes | ฿-1.19 Billion | -268.04% |
| Total Change | ฿- | -87.95% |
Book Value vs Market Value Analysis
This analysis compares P.S.P. Specialties 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: 14.10x
- 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 1.75x to 14.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ฿2.54 | ฿4.46 | x |
| 2020-12-31 | ฿2.55 | ฿4.46 | x |
| 2021-12-31 | ฿2.63 | ฿4.46 | x |
| 2022-12-31 | ฿0.32 | ฿4.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P.S.P. Specialties 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): 121.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.07%
- • Asset Turnover: 1.80x
- • Equity Multiplier: 16.55x
- Recent ROE (121.36%) is above the historical average (37.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.31% | 3.47% | 1.83x | 1.31x | ฿-60.04 Million |
| 2020 | 8.38% | 4.29% | 1.46x | 1.34x | ฿-57.78 Million |
| 2021 | 10.73% | 3.66% | 1.69x | 1.73x | ฿26.84 Million |
| 2022 | 121.36% | 4.07% | 1.80x | 16.55x | ฿493.00 Million |
Industry Comparison
This section compares P.S.P. Specialties Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,670,174,555
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| P.S.P. Specialties Public Company Limited (PSP) | ฿3.46 Billion | 8.31% | 1.05x | $81.67 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |