Pylon Public Company Limited (PYLON) - Net Assets
Based on the latest financial reports, Pylon Public Company Limited (PYLON) has net assets worth ฿1.20 Billion THB (≈ $37.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.67 Billion ≈ $52.00 Million USD) and total liabilities (฿467.28 Million ≈ $14.56 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. Check Pylon Public Company Limited (PYLON) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿1.20 Billion |
| % of Total Assets | 71.99% |
| Annual Growth Rate | 11.78% |
| 5-Year Change | 14.96% |
| 10-Year Change | 42.09% |
| Growth Volatility | 28.3 |
Pylon Public Company Limited - Net Assets Trend (2004–2025)
This chart illustrates how Pylon Public Company Limited's net assets have evolved over time, based on quarterly financial data. See PYLON cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pylon Public Company Limited (2004–2025)
The table below shows the annual net assets of Pylon Public Company Limited from 2004 to 2025. For live valuation and market cap data, see PYLON market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.12 Billion ≈ $35.03 Million |
+19.17% |
| 2024-12-31 | ฿942.91 Million ≈ $29.39 Million |
-9.87% |
| 2023-12-31 | ฿1.05 Billion ≈ $32.61 Million |
-0.58% |
| 2022-12-31 | ฿1.05 Billion ≈ $32.80 Million |
+7.65% |
| 2021-12-31 | ฿977.51 Million ≈ $30.47 Million |
-6.59% |
| 2020-12-31 | ฿1.05 Billion ≈ $32.62 Million |
-1.93% |
| 2019-12-31 | ฿1.07 Billion ≈ $33.26 Million |
+23.14% |
| 2018-12-31 | ฿866.57 Million ≈ $27.01 Million |
+14.40% |
| 2017-12-31 | ฿757.51 Million ≈ $23.61 Million |
-4.21% |
| 2016-12-31 | ฿790.83 Million ≈ $24.65 Million |
-13.19% |
| 2015-12-31 | ฿911.04 Million ≈ $28.40 Million |
+3.07% |
| 2014-12-31 | ฿883.94 Million ≈ $27.55 Million |
+40.99% |
| 2013-12-31 | ฿626.94 Million ≈ $19.54 Million |
+49.91% |
| 2012-12-31 | ฿418.22 Million ≈ $13.04 Million |
+5.33% |
| 2011-12-31 | ฿397.07 Million ≈ $12.38 Million |
+16.19% |
| 2010-12-31 | ฿341.74 Million ≈ $10.65 Million |
+0.30% |
| 2009-12-31 | ฿340.72 Million ≈ $10.62 Million |
+0.07% |
| 2008-12-31 | ฿340.47 Million ≈ $10.61 Million |
+32.56% |
| 2007-12-31 | ฿256.85 Million ≈ $8.01 Million |
+2.96% |
| 2006-12-31 | ฿249.46 Million ≈ $7.78 Million |
+5.08% |
| 2005-12-31 | ฿237.40 Million ≈ $7.40 Million |
+118.83% |
| 2004-12-31 | ฿108.49 Million ≈ $3.38 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 2921.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿556.97 Million | 49.57% |
| Common Stock | ฿374.94 Million | 33.37% |
| Other Comprehensive Income | ฿37.98 Million | 3.38% |
| Other Components | ฿153.83 Million | 13.69% |
| Total Equity | ฿1.12 Billion | 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 |
|---|---|
|
South West Pinnacle Exploration Limited
NSE:SOUTHWEST
|
$80.41 Million |
|
Heng Sheng Holding Group Limited
KQ:900270
|
$80.41 Million |
|
DTF Tax Free Income Closed Fund
NYSE:DTF
|
$80.42 Million |
|
Brompton Lifeco Split Corp
TO:LCS
|
$80.46 Million |
|
Outcrop Gold Corp
V:OCG
|
$80.38 Million |
|
Gogoro Inc
NASDAQ:GGR
|
$80.29 Million |
|
Amarin Printing and Publishing Public Company Limited
BK:AMARIN
|
$80.28 Million |
|
ENERGY TRANSITION MINERAL
F:G7PA
|
$80.23 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 2024 to 2025, total equity changed from 942,914,616 to 1,123,714,103, a change of 180,799,487 (19.2%).
- Net income of 210,794,407 contributed positively to equity growth.
- Dividend payments of 29,994,920 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿210.79 Million | +18.76% |
| Dividends Paid | ฿29.99 Million | -2.67% |
| Total Change | ฿- | 19.17% |
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: 2.30x
- 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 10.87x to 2.30x 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 | ฿0.32 | ฿3.44 | x |
| 2006-12-31 | ฿0.33 | ฿3.44 | x |
| 2007-12-31 | ฿0.34 | ฿3.44 | x |
| 2008-12-31 | ฿0.41 | ฿3.44 | x |
| 2009-12-31 | ฿0.47 | ฿3.44 | x |
| 2010-12-31 | ฿0.44 | ฿3.44 | x |
| 2011-12-31 | ฿0.77 | ฿3.44 | x |
| 2012-12-31 | ฿0.71 | ฿3.44 | x |
| 2013-12-31 | ฿0.95 | ฿3.44 | x |
| 2014-12-31 | ฿1.50 | ฿3.44 | x |
| 2015-12-31 | ฿1.24 | ฿3.44 | x |
| 2016-12-31 | ฿1.05 | ฿3.44 | x |
| 2017-12-31 | ฿1.01 | ฿3.44 | x |
| 2018-12-31 | ฿1.16 | ฿3.44 | x |
| 2019-12-31 | ฿1.42 | ฿3.44 | x |
| 2020-12-31 | ฿1.40 | ฿3.44 | x |
| 2021-12-31 | ฿1.30 | ฿3.44 | x |
| 2022-12-31 | ฿1.40 | ฿3.44 | x |
| 2023-12-31 | ฿1.40 | ฿3.44 | x |
| 2024-12-31 | ฿1.26 | ฿3.44 | x |
| 2025-12-31 | ฿1.50 | ฿3.44 | 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): 18.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.16%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.37x
- Recent ROE (18.76%) is above the historical average (15.12%), indicating improving 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 |
| 2025 | 18.76% | 14.16% | 0.97x | 1.37x | ฿98.42 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: $6,898,441,325
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pylon Public Company Limited (PYLON) | ฿1.20 Billion | 16.46% | 0.39x | $80.40 Million |
| Asia Precision Public Company Limited (APCS) | $1.73 Billion | -3.33% | 0.98x | $29.62 Million |
| CH. Karnchang PCL (CK) | $23.87 Billion | 7.58% | 2.32x | $1.02 Billion |
| CH. Karnchang Public Company Limited (CK-R) | $26.11 Billion | 3.47% | 2.20x | $874.67 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $2.09 Billion | 3.50% | 2.22x | $52.54 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $485.68 Million | 6.18% | 0.87x | $6.55 Million |
| Demco Public Company Limited (DEMCO) | $3.17 Billion | 1.10% | 0.89x | $70.22 Million |
| EMC Public Company Limited (EMC) | $597.06 Million | 3.60% | 1.29x | $7.84 Million |
| Floyd Public Company Limited (FLOYD) | $429.43 Million | 7.65% | 0.18x | $14.27 Million |
| Hydrotek Public Company Limited (HYDRO) | $137.82 Million | 61.64% | 4.46x | $6.02 Million |
| Italian-Thai Development Public Company Limited (ITD) | $10.37 Billion | -10.34% | 10.30x | $59.24 Million |
About Pylon Public Company Limited
Pylon Public Company Limited, together with its subsidiary, Excelon Co., Ltd., provides construction services in Thailand. The company 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.