Pylon Public Company Limited
Pylon Public Company Limited, together with its subsidiary, Excelon Co., Ltd., provides construction services in Thailand. It offers foundation services, including circular bored piles, ground improvement, and diaphragm walls/barrette pile. Pylon Public Company Limited company was incorporated in 2002 and is headquartered in Bangkok, Thailand.
Pylon Public Company Limited (PYLON) - Net Assets
Latest net assets as of September 2025: ฿1.05 Billion THB
Based on the latest financial reports, Pylon Public Company Limited (PYLON) has net assets worth ฿1.05 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 (฿1.38 Billion) and total liabilities (฿328.92 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 | ฿1.05 Billion |
| % of Total Assets | 76.18% |
| Annual Growth Rate | 11.42% |
| 5-Year Change | -9.9% |
| 10-Year Change | 3.5% |
| Growth Volatility | 28.97 |
Pylon Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Pylon 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 Pylon Public Company Limited (2004–2024)
The table below shows the annual net assets of Pylon Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿942.91 Million | -9.87% |
| 2023-12-31 | ฿1.05 Billion | -0.58% |
| 2022-12-31 | ฿1.05 Billion | +7.65% |
| 2021-12-31 | ฿977.51 Million | -6.59% |
| 2020-12-31 | ฿1.05 Billion | -1.93% |
| 2019-12-31 | ฿1.07 Billion | +23.14% |
| 2018-12-31 | ฿866.57 Million | +14.40% |
| 2017-12-31 | ฿757.51 Million | -4.21% |
| 2016-12-31 | ฿790.83 Million | -13.19% |
| 2015-12-31 | ฿911.04 Million | +3.07% |
| 2014-12-31 | ฿883.94 Million | +40.99% |
| 2013-12-31 | ฿626.94 Million | +49.91% |
| 2012-12-31 | ฿418.22 Million | +5.33% |
| 2011-12-31 | ฿397.07 Million | +16.19% |
| 2010-12-31 | ฿341.74 Million | +0.30% |
| 2009-12-31 | ฿340.72 Million | +0.07% |
| 2008-12-31 | ฿340.47 Million | +32.56% |
| 2007-12-31 | ฿256.85 Million | +2.96% |
| 2006-12-31 | ฿249.46 Million | +5.08% |
| 2005-12-31 | ฿237.40 Million | +118.83% |
| 2004-12-31 | ฿108.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pylon 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 1971.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿381.87 Million | 40.50% |
| Common Stock | ฿374.94 Million | 39.76% |
| Other Comprehensive Income | ฿37.98 Million | 4.03% |
| Other Components | ฿148.13 Million | 15.71% |
| Total Equity | ฿942.91 Million | 100.00% |
Pylon Public Company Limited Competitors by Market Cap
The table below lists competitors of Pylon Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ONUR TEKNOLOJI
IS:ONRYT
|
$24.36 Million |
|
Angkor Resources Corp
OTCQB:ANKOF
|
$24.36 Million |
|
AWILCO LNG NK -10
F:AWQ
|
$24.37 Million |
|
GEOMEGA RES
MU:92G
|
$24.37 Million |
|
Chin Yang Ind
KO:003780
|
$24.34 Million |
|
Everfuel AS
OL:EFUEL
|
$24.34 Million |
|
Cyclopharm Ltd
AU:CYC
|
$24.34 Million |
|
Media Prima Bhd
KLSE:4502
|
$24.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pylon Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,046,166,506 to 942,914,616, a change of -103,251,890 (-9.9%).
- Net income of 501,238 contributed positively to equity growth.
- Other factors decreased equity by 103,753,128.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿501.24K | +0.05% |
| Other Changes | ฿-103.75 Million | -11.0% |
| Total Change | ฿- | -9.87% |
Book Value vs Market Value Analysis
This analysis compares Pylon 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: 2.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.98x to 2.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿0.44 | ฿3.10 | x |
| 2006-12-31 | ฿0.33 | ฿3.10 | x |
| 2007-12-31 | ฿0.34 | ฿3.10 | x |
| 2008-12-31 | ฿0.41 | ฿3.10 | x |
| 2009-12-31 | ฿0.47 | ฿3.10 | x |
| 2010-12-31 | ฿0.44 | ฿3.10 | x |
| 2011-12-31 | ฿0.77 | ฿3.10 | x |
| 2012-12-31 | ฿0.71 | ฿3.10 | x |
| 2013-12-31 | ฿0.95 | ฿3.10 | x |
| 2014-12-31 | ฿1.50 | ฿3.10 | x |
| 2015-12-31 | ฿1.24 | ฿3.10 | x |
| 2016-12-31 | ฿1.05 | ฿3.10 | x |
| 2017-12-31 | ฿1.01 | ฿3.10 | x |
| 2018-12-31 | ฿1.16 | ฿3.10 | x |
| 2019-12-31 | ฿1.42 | ฿3.10 | x |
| 2020-12-31 | ฿1.40 | ฿3.10 | x |
| 2021-12-31 | ฿1.30 | ฿3.10 | x |
| 2022-12-31 | ฿1.40 | ฿3.10 | x |
| 2023-12-31 | ฿1.40 | ฿3.10 | x |
| 2024-12-31 | ฿1.26 | ฿3.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pylon 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): 0.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.06%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.16x
- Recent ROE (0.05%) is below the historical average (14.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.46% | 8.21% | 1.11x | 1.80x | ฿7.01 Million |
| 2005 | 15.06% | 12.35% | 0.74x | 1.65x | ฿12.01 Million |
| 2006 | 7.24% | 3.47% | 1.30x | 1.60x | ฿-6.88 Million |
| 2007 | 4.33% | 2.93% | 0.93x | 1.58x | ฿-14.55 Million |
| 2008 | 19.08% | 8.09% | 1.31x | 1.80x | ฿27.80 Million |
| 2009 | 6.63% | 3.60% | 1.20x | 1.54x | ฿-10.82 Million |
| 2010 | 9.84% | 5.16% | 1.04x | 1.82x | ฿-542.56K |
| 2011 | 19.70% | 8.01% | 1.30x | 1.90x | ฿37.25 Million |
| 2012 | 15.73% | 5.89% | 1.29x | 2.06x | ฿23.40 Million |
| 2013 | 25.94% | 12.29% | 1.31x | 1.61x | ฿97.75 Million |
| 2014 | 22.40% | 14.30% | 1.08x | 1.45x | ฿108.26 Million |
| 2015 | 22.03% | 16.53% | 1.05x | 1.27x | ฿110.24 Million |
| 2016 | 21.78% | 16.21% | 1.05x | 1.28x | ฿93.13 Million |
| 2017 | 13.37% | 14.15% | 0.77x | 1.22x | ฿25.51 Million |
| 2018 | 25.13% | 15.16% | 1.16x | 1.44x | ฿131.13 Million |
| 2019 | 26.02% | 17.86% | 0.92x | 1.58x | ฿170.90 Million |
| 2020 | 17.44% | 12.89% | 1.07x | 1.26x | ฿77.89 Million |
| 2021 | 4.07% | 5.06% | 0.65x | 1.24x | ฿-57.99 Million |
| 2022 | 11.38% | 10.45% | 0.90x | 1.22x | ฿14.56 Million |
| 2023 | 10.16% | 7.17% | 1.17x | 1.21x | ฿1.72 Million |
| 2024 | 0.05% | 0.06% | 0.74x | 1.16x | ฿-93.79 Million |
Industry Comparison
This section compares Pylon Public Company Limited'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 |
|---|---|---|---|---|
| Pylon Public Company Limited (PYLON) | ฿1.05 Billion | 16.46% | 0.31x | $24.36 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 |