Plus Tech Innovation PCL

BK:PTECH Thailand Business Equipment & Supplies
Market Cap
$18.01 Million
฿624.42 Million THB
Market Cap Rank
#33020 Global
#762 in Thailand
Share Price
฿1.70
Change (1 day)
+0.59%
52-Week Range
฿0.71 - ฿2.78
All Time High
฿43.00
Categories
Companies in Thailand Business Equipment & Supplies
About

Plus Tech Innovation Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of plastic cards and vending machines in Thailand and rest of Asia. The company offers plastic cards, such as EMV, smart, near field communication business, top up, member, and specialty cards; produces credit cards; and fingerprint card and dynamic card verification value, as well as … Read more

Plus Tech Innovation PCL (PTECH) - Net Assets

Latest net assets as of September 2025: ฿300.63 Million THB

Based on the latest financial reports, Plus Tech Innovation PCL (PTECH) has net assets worth ฿300.63 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 (฿532.61 Million) and total liabilities (฿231.97 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 ฿300.63 Million
% of Total Assets 56.45%
Annual Growth Rate -1.92%
5-Year Change -49.6%
10-Year Change -27.06%
Growth Volatility 20.65

Plus Tech Innovation PCL - Net Assets Trend (2007–2024)

This chart illustrates how Plus Tech Innovation 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 Plus Tech Innovation PCL (2007–2024)

The table below shows the annual net assets of Plus Tech Innovation PCL from 2007 to 2024.

Year Net Assets Change
2024-12-31 ฿461.96 Million -56.70%
2023-12-31 ฿1.07 Billion -1.73%
2022-12-31 ฿1.09 Billion -15.05%
2021-12-31 ฿1.28 Billion +39.41%
2020-12-31 ฿916.60 Million +42.98%
2019-12-31 ฿641.09 Million +10.53%
2018-12-31 ฿579.99 Million -12.46%
2017-12-31 ฿662.53 Million +3.47%
2016-12-31 ฿640.32 Million +1.11%
2015-12-31 ฿633.31 Million -6.26%
2014-12-31 ฿675.58 Million -6.83%
2013-12-31 ฿725.13 Million +0.98%
2012-12-31 ฿718.11 Million +5.09%
2011-12-31 ฿683.31 Million +1.70%
2010-12-31 ฿671.91 Million -0.90%
2009-12-31 ฿677.99 Million +2.25%
2008-12-31 ฿663.04 Million +3.22%
2007-12-31 ฿642.36 Million --

Equity Component Analysis

This analysis shows how different components contribute to Plus Tech Innovation 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 decreased by 80.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿70.17 Million 14.66%
Other Components ฿408.59 Million 85.34%
Total Equity ฿478.76 Million 100.00%

Plus Tech Innovation PCL Competitors by Market Cap

The table below lists competitors of Plus Tech Innovation PCL ranked by their market capitalization.

Company Market Cap
XAU Resources Inc.
V:GIG
 		$2.97 Million
City Steel Public Company Limited
BK:CITY
 		$2.98 Million
ImagineAR Inc
OTCQB:IPNFF
 		$2.98 Million
APPLIED MATERIALS (AP2.SG)
STU:AP2
 		$2.98 Million
FalconStor Software Inc
PINK:FALC
 		$2.97 Million
Sygnia Ltd
JSE:SYG
 		$2.97 Million
Linkers Industries Limited Class A Ordinary Shares
NASDAQ:LNKS
 		$2.97 Million
Audeara Ltd
AU:AUA
 		$2.97 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Plus Tech Innovation PCL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,029,363,251 to 478,761,907, a change of -550,601,344 (-53.5%).
  • Net loss of 547,141,064 reduced equity.
  • Other comprehensive income decreased equity by 24,506,443.
  • Other factors increased equity by 21,046,163.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿-547.14 Million -114.28%
Other Comprehensive Income ฿-24.51 Million -5.12%
Other Changes ฿21.05 Million +4.4%
Total Change ฿- -53.49%

Book Value vs Market Value Analysis

This analysis compares Plus Tech Innovation 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: 0.87x
  • 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 3.44x to 0.87x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2007-12-31 ฿0.49 ฿1.70 x
2008-12-31 ฿5.07 ฿1.70 x
2009-12-31 ฿5.24 ฿1.70 x
2010-12-31 ฿5.20 ฿1.70 x
2011-12-31 ฿5.30 ฿1.70 x
2012-12-31 ฿5.56 ฿1.70 x
2013-12-31 ฿5.60 ฿1.70 x
2014-12-31 ฿5.20 ฿1.70 x
2015-12-31 ฿4.86 ฿1.70 x
2016-12-31 ฿4.91 ฿1.70 x
2017-12-31 ฿5.08 ฿1.70 x
2018-12-31 ฿4.57 ฿1.70 x
2019-12-31 ฿5.06 ฿1.70 x
2020-12-31 ฿4.80 ฿1.70 x
2021-12-31 ฿5.43 ฿1.70 x
2022-12-31 ฿4.42 ฿1.70 x
2023-12-31 ฿4.20 ฿1.70 x
2024-12-31 ฿1.96 ฿1.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Plus Tech Innovation 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): -114.28%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -81.21%
  • • Asset Turnover: 0.50x
  • • Equity Multiplier: 2.84x
  • Recent ROE (-114.28%) is below the historical average (0.83%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2007 11.86% 8.35% 1.14x 1.24x ฿11.65 Million
2008 10.61% 7.19% 1.21x 1.22x ฿3.94 Million
2009 10.35% 7.65% 1.15x 1.18x ฿2.32 Million
2010 6.76% 4.97% 1.14x 1.19x ฿-21.40 Million
2011 13.81% 9.77% 1.12x 1.27x ฿25.58 Million
2012 12.47% 8.90% 1.15x 1.22x ฿17.43 Million
2013 10.79% 7.49% 1.16x 1.24x ฿5.61 Million
2014 14.18% 9.11% 1.12x 1.40x ฿27.56 Million
2015 9.56% 5.33% 1.29x 1.39x ฿-2.70 Million
2016 13.71% 6.87% 1.25x 1.60x ฿23.09 Million
2017 15.57% 7.52% 1.30x 1.59x ฿35.89 Million
2018 0.53% 0.29% 0.88x 2.07x ฿-54.91 Million
2019 20.67% 11.96% 0.88x 1.96x ฿68.40 Million
2020 -1.84% -1.05% 0.84x 2.11x ฿-108.55 Million
2021 -31.40% -33.27% 0.82x 1.15x ฿-529.00 Million
2022 13.18% 11.93% 0.59x 1.87x ฿33.26 Million
2023 -1.64% -1.22% 0.67x 2.00x ฿-119.83 Million
2024 -114.28% -81.21% 0.50x 2.84x ฿-595.02 Million

Industry Comparison

This section compares Plus Tech Innovation PCL's net assets metrics with peer companies in the Business Equipment & Supplies industry.

Industry Context

  • Industry: Business Equipment & Supplies
  • Average net assets among peers: $5,867,523,166
  • Average return on equity (ROE) among peers: 1.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Plus Tech Innovation PCL (PTECH) ฿300.63 Million 11.86% 0.77x $2.97 Million
D.T.C. Industries Public Company Limited (DTCI) $302.17 Million 5.54% 0.81x $1.40 Million
Sabuy Technology Public Company Limited (SABUY) $10.96 Billion -1.73% 0.90x $14.01 Million
Sun Vending Technology PCL (SVT) $1.24 Billion 4.77% 0.39x $9.44 Million
WSOL Public Company Limited (WSOL) $10.96 Billion -1.73% 0.90x $7.64 Million