S. Pack & Print Public Company Limited
S. Pack & Print Public Company Limited, together with its subsidiary Sahakij Packaging Co., Ltd., operates an offset printing business in Thailand. It manufactures corrugated and duplex board packaging products. The company was founded in 1982 and is headquartered in Songkhla, Thailand. S. Pack & Print Public Company Limited is a subsidiary of Oji Holdings Corporation Company Limited.
S. Pack & Print Public Company Limited (SPACK) - Net Assets
Latest net assets as of September 2025: ฿707.16 Million THB
Based on the latest financial reports, S. Pack & Print Public Company Limited (SPACK) has net assets worth ฿707.16 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 (฿1.27 Billion) and total liabilities (฿558.33 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 | ฿707.16 Million |
| % of Total Assets | 55.88% |
| Annual Growth Rate | 2.3% |
| 5-Year Change | 29.75% |
| 10-Year Change | 34.81% |
| Growth Volatility | 13.95 |
S. Pack & Print Public Company Limited - Net Assets Trend (2002–2024)
This chart illustrates how S. Pack & Print 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 S. Pack & Print Public Company Limited (2002–2024)
The table below shows the annual net assets of S. Pack & Print Public Company Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿683.03 Million | +9.00% |
| 2023-12-31 | ฿626.60 Million | +3.44% |
| 2022-12-31 | ฿605.74 Million | +1.67% |
| 2021-12-31 | ฿595.80 Million | +13.18% |
| 2020-12-31 | ฿526.44 Million | +17.76% |
| 2019-12-31 | ฿447.05 Million | +1.26% |
| 2018-12-31 | ฿441.50 Million | -1.12% |
| 2017-12-31 | ฿446.51 Million | -5.11% |
| 2016-12-31 | ฿470.56 Million | -7.12% |
| 2015-12-31 | ฿506.65 Million | -8.03% |
| 2014-12-31 | ฿550.91 Million | -14.07% |
| 2013-12-31 | ฿641.14 Million | -2.68% |
| 2012-12-31 | ฿658.78 Million | -10.40% |
| 2011-12-31 | ฿735.28 Million | -1.38% |
| 2010-12-31 | ฿745.55 Million | -13.89% |
| 2009-12-31 | ฿865.77 Million | -7.02% |
| 2008-12-31 | ฿931.14 Million | -2.41% |
| 2007-12-31 | ฿954.16 Million | +4.42% |
| 2006-12-31 | ฿913.81 Million | +21.92% |
| 2005-12-31 | ฿749.52 Million | +3.27% |
| 2004-12-31 | ฿725.79 Million | +48.76% |
| 2003-12-31 | ฿487.88 Million | +17.82% |
| 2002-12-31 | ฿414.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to S. Pack & Print 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 119.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿60.86 Million | 8.91% |
| Common Stock | ฿300.00 Million | 43.92% |
| Other Comprehensive Income | ฿30.00 Million | 4.39% |
| Other Components | ฿292.16 Million | 42.77% |
| Total Equity | ฿683.03 Million | 100.00% |
S. Pack & Print Public Company Limited Competitors by Market Cap
The table below lists competitors of S. Pack & Print Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BOA Resources Ltd
AU:BOA
|
$2.32 Million |
|
Parvis Invest Inc.
V:PVIS
|
$2.32 Million |
|
OSI SYSTEMS - Dusseldorf Stock Exchang
DU:OS2
|
$2.32 Million |
|
AleAnna, Inc. Warrant
NASDAQ:ANNAW
|
$2.32 Million |
|
Pan Malaysia Corporation Bhd
KLSE:4081
|
$2.32 Million |
|
Société Hôtelière et Immobilière de Nice S.A
PA:MLHIN
|
$2.31 Million |
|
INSULET
BE:GOV
|
$2.31 Million |
|
Millennium Silver Corp
V:MSC
|
$2.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S. Pack & Print Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 626,602,795 to 683,026,153, a change of 56,423,358 (9.0%).
- Net income of 56,983,527 contributed positively to equity growth.
- Other comprehensive income decreased equity by 14,347,672.
- Other factors increased equity by 13,787,503.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿56.98 Million | +8.34% |
| Other Comprehensive Income | ฿-14.35 Million | -2.1% |
| Other Changes | ฿13.79 Million | +2.02% |
| Total Change | ฿- | 9.00% |
Book Value vs Market Value Analysis
This analysis compares S. Pack & Print 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: 0.54x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿2.58 | ฿1.22 | x |
| 2007-12-31 | ฿2.71 | ฿1.22 | x |
| 2008-12-31 | ฿2.87 | ฿1.22 | x |
| 2009-12-31 | ฿2.89 | ฿1.22 | x |
| 2010-12-31 | ฿2.49 | ฿1.22 | x |
| 2011-12-31 | ฿2.49 | ฿1.22 | x |
| 2012-12-31 | ฿2.20 | ฿1.22 | x |
| 2013-12-31 | ฿2.12 | ฿1.22 | x |
| 2014-12-31 | ฿1.84 | ฿1.22 | x |
| 2015-12-31 | ฿1.69 | ฿1.22 | x |
| 2016-12-31 | ฿1.57 | ฿1.22 | x |
| 2017-12-31 | ฿1.49 | ฿1.22 | x |
| 2018-12-31 | ฿1.47 | ฿1.22 | x |
| 2019-12-31 | ฿1.49 | ฿1.22 | x |
| 2020-12-31 | ฿1.75 | ฿1.22 | x |
| 2021-12-31 | ฿1.99 | ฿1.22 | x |
| 2022-12-31 | ฿2.02 | ฿1.22 | x |
| 2023-12-31 | ฿2.09 | ฿1.22 | x |
| 2024-12-31 | ฿2.28 | ฿1.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S. Pack & Print 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): 8.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.35%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.92x
- Recent ROE (8.34%) is above the historical average (6.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 16.92% | 7.06% | 1.22x | 1.97x | ฿28.66 Million |
| 2003 | 23.58% | 10.94% | 1.29x | 1.67x | ฿66.27 Million |
| 2004 | 13.76% | 10.06% | 1.05x | 1.30x | ฿27.31 Million |
| 2005 | 12.49% | 9.23% | 0.93x | 1.46x | ฿18.70 Million |
| 2006 | 16.72% | 11.39% | 0.98x | 1.50x | ฿52.00 Million |
| 2007 | 16.73% | 11.58% | 0.98x | 1.47x | ฿54.80 Million |
| 2008 | 14.60% | 10.88% | 1.03x | 1.30x | ฿39.54 Million |
| 2009 | 14.48% | 12.15% | 0.93x | 1.29x | ฿38.75 Million |
| 2010 | 16.87% | 10.59% | 1.30x | 1.23x | ฿51.23 Million |
| 2011 | 10.03% | 6.70% | 0.92x | 1.63x | ฿202.06K |
| 2012 | 4.75% | 2.60% | 0.74x | 2.49x | ฿-34.58 Million |
| 2013 | -7.55% | -5.15% | 0.61x | 2.42x | ฿-112.53 Million |
| 2014 | -16.52% | -9.51% | 0.70x | 2.48x | ฿-146.12 Million |
| 2015 | -7.12% | -3.84% | 0.75x | 2.49x | ฿-86.75 Million |
| 2016 | -7.46% | -3.93% | 0.73x | 2.62x | ฿-82.18 Million |
| 2017 | -3.93% | -1.73% | 0.80x | 2.86x | ฿-62.19 Million |
| 2018 | 0.30% | 0.12% | 0.89x | 2.81x | ฿-42.84 Million |
| 2019 | 1.99% | 0.82% | 0.89x | 2.71x | ฿-35.82 Million |
| 2020 | 14.63% | 6.39% | 0.96x | 2.38x | ฿24.36 Million |
| 2021 | 10.71% | 5.00% | 0.89x | 2.40x | ฿4.21 Million |
| 2022 | 1.13% | 0.52% | 0.91x | 2.38x | ฿-53.73 Million |
| 2023 | 2.80% | 1.41% | 0.92x | 2.14x | ฿-45.13 Million |
| 2024 | 8.34% | 4.35% | 1.00x | 1.92x | ฿-11.32 Million |
Industry Comparison
This section compares S. Pack & Print Public Company Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $18,176,686,362
- Average return on equity (ROE) among peers: 10.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S. Pack & Print Public Company Limited (SPACK) | ฿707.16 Million | 16.92% | 0.79x | $2.32 Million |
| A.J. Plast Public Company Limited (AJ) | $4.49 Billion | -8.17% | 2.18x | $16.76 Million |
| BG Container Glass Public Company Limited (BGC) | $5.49 Billion | 9.54% | 2.41x | $20.50 Million |
| Crown Seal Public Company Limited (CSC) | $3.09 Billion | 8.09% | 0.19x | $21.57 Million |
| Multibax Public Company Limited (MBAX) | $145.76 Million | 53.71% | 4.54x | $5.52 Million |
| NEP Realty and Industry Public Company Limited (NEP) | $814.10 Million | 9.96% | 1.69x | $4.02 Million |
| Prodigy Public Company Limited (PDG) | $594.82 Million | 4.86% | 0.18x | $9.16 Million |
| Panjawattana Plastic Public Company Limited (PJW) | $1.10 Billion | 10.43% | 1.61x | $19.20 Million |
| PMC LABEL MATERIALS PUBLIC COMPANY LIMITED (PMC) | $547.95 Million | 7.39% | 0.94x | $2.85 Million |
| SCG Packaging Public Company Limited (SCGP) | $109.84 Billion | 5.88% | 0.57x | $553.20 Million |
| SCG PACKAGING PCL-NVDR (SCGP-R) | $55.65 Billion | 7.95% | 0.64x | $544.28 Million |