Saha Pathanapibul Public Company Limited (SPC) - Net Assets

Latest as of December 2025: ฿28.92 Billion THB ≈ $901.42 Million USD

Based on the latest financial reports, Saha Pathanapibul Public Company Limited (SPC) has net assets worth ฿28.92 Billion THB (≈ $901.42 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿38.61 Billion ≈ $1.20 Billion USD) and total liabilities (฿9.69 Billion ≈ $302.00 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 SPC tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿28.92 Billion
% of Total Assets	74.9%
Annual Growth Rate	12.23%
5-Year Change	20.04%
10-Year Change	110.79%
Growth Volatility	144.49

Saha Pathanapibul Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Saha Pathanapibul Public Company Limited's net assets have evolved over time, based on quarterly financial data. See SPC defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Saha Pathanapibul Public Company Limited (2000–2025)

The table below shows the annual net assets of Saha Pathanapibul Public Company Limited from 2000 to 2025. For live valuation and market cap data, see Saha Pathanapibul Public Company Limited market cap and net worth.

Year	Net Assets	Change
2025-12-31	฿28.92 Billion ≈ $901.42 Million	+5.13%
2024-12-31	฿27.51 Billion ≈ $857.42 Million	+3.31%
2023-12-31	฿26.63 Billion ≈ $829.99 Million	+7.61%
2022-12-31	฿24.75 Billion ≈ $771.28 Million	+2.71%
2021-12-31	฿24.09 Billion ≈ $750.93 Million	+1.59%
2020-12-31	฿23.71 Billion ≈ $739.14 Million	+28.77%
2019-12-31	฿18.41 Billion ≈ $573.98 Million	+6.05%
2018-12-31	฿17.36 Billion ≈ $541.22 Million	+6.17%
2017-12-31	฿16.35 Billion ≈ $509.75 Million	+19.20%
2016-12-31	฿13.72 Billion ≈ $427.63 Million	+11.17%
2015-12-31	฿12.34 Billion ≈ $384.67 Million	+7.30%
2014-12-31	฿11.50 Billion ≈ $358.51 Million	+17.62%
2013-12-31	฿9.78 Billion ≈ $304.82 Million	+0.40%
2012-12-31	฿9.74 Billion ≈ $303.60 Million	+17.63%
2011-12-31	฿8.28 Billion ≈ $258.11 Million	+227.30%
2010-12-31	฿2.53 Billion ≈ $78.86 Million	-60.90%
2009-12-31	฿6.47 Billion ≈ $201.69 Million	+10.05%
2008-12-31	฿5.88 Billion ≈ $183.27 Million	+20.26%
2007-12-31	฿4.89 Billion ≈ $152.39 Million	+4.04%
2006-12-31	฿4.70 Billion ≈ $146.47 Million	+10.96%
2005-12-31	฿4.23 Billion ≈ $132.00 Million	+705.79%
2004-12-31	฿525.57 Million ≈ $16.38 Million	+3.52%
2003-12-31	฿507.68 Million ≈ $15.82 Million	-78.29%
2002-12-31	฿2.34 Billion ≈ $72.87 Million	+13.39%
2001-12-31	฿2.06 Billion ≈ $64.27 Million	+27.68%
2000-12-31	฿1.61 Billion ≈ $50.34 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Saha Pathanapibul 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 4756.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿20.74 Billion	72.98%
Other Components	฿7.68 Billion	27.02%
Total Equity	฿28.42 Billion	100.00%

Saha Pathanapibul Public Company Limited Competitors by Market Cap

The table below lists competitors of Saha Pathanapibul Public Company Limited ranked by their market capitalization.

Company	Market Cap
FIREWEED METALS CORP. F:M0G	$568.32 Million
Octopus Apollo VCT PLC LSE:OAP3	$568.34 Million
VP Bank AG F:3VFN	$568.46 Million
Tian Jin Global Magnetic Card Co Ltd SHG:600800	$568.52 Million
Hangzhou Dadi Haiyang Environmental Protection Co. Ltd. SHE:301068	$568.26 Million
China Railway Harbin Group of Technology Corp. A SHG:688459	$568.23 Million
Zhejiang Orient Gene Biotech Co Ltd SHG:688298	$567.59 Million
Northfield Bancorp Inc NASDAQ:NFBK	$567.57 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Saha Pathanapibul Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 27,091,817,958 to 28,418,613,755, a change of 1,326,795,797 (4.9%).
Net income of 2,652,794,691 contributed positively to equity growth.
Dividend payments of 801,091,480 reduced retained earnings.
New share issuances of 52,199,811 increased equity.
Other comprehensive income decreased equity by 120,784,810.
Other factors decreased equity by 456,322,415.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿2.65 Billion	+9.33%
Dividends Paid	฿801.09 Million	-2.82%
Share Issuances	฿52.20 Million	+0.18%
Other Comprehensive Income	฿-120.78 Million	-0.43%
Other Changes	฿-456.32 Million	-1.61%
Total Change	฿-	4.90%

Book Value vs Market Value Analysis

This analysis compares Saha Pathanapibul 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: 0.64x
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 13.60x to 0.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿4.06	฿55.25	x
2004-12-31	฿4.12	฿55.25	x
2007-12-31	฿17.67	฿55.25	x
2008-12-31	฿20.02	฿55.25	x
2009-12-31	฿20.32	฿55.25	x
2010-12-31	฿23.06	฿55.25	x
2011-12-31	฿25.90	฿55.25	x
2012-12-31	฿30.47	฿55.25	x
2013-12-31	฿30.40	฿55.25	x
2014-12-31	฿35.27	฿55.25	x
2015-12-31	฿37.13	฿55.25	x
2016-12-31	฿41.21	฿55.25	x
2017-12-31	฿49.09	฿55.25	x
2018-12-31	฿52.13	฿55.25	x
2019-12-31	฿55.22	฿55.25	x
2020-12-31	฿71.34	฿55.25	x
2021-12-31	฿72.59	฿55.25	x
2022-12-31	฿74.73	฿55.25	x
2023-12-31	฿80.33	฿55.25	x
2024-12-31	฿82.51	฿55.25	x
2025-12-31	฿86.12	฿55.25	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Saha Pathanapibul 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): 9.33%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.45%
• Asset Turnover: 1.07x
• Equity Multiplier: 1.36x
Recent ROE (9.33%) is below the historical average (11.23%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	9.91%	1.69%	1.98x	2.96x	฿-1.50 Million
2001	9.41%	1.94%	1.92x	2.53x	฿-12.20 Million
2002	5.95%	1.44%	1.70x	2.44x	฿-94.80 Million
2003	36.86%	17.95%	0.38x	5.33x	฿136.34 Million
2004	29.43%	15.63%	0.61x	3.09x	฿102.11 Million
2005	9.76%	3.10%	1.77x	1.78x	฿-10.02 Million
2006	7.87%	2.39%	1.87x	1.76x	฿-100.11 Million
2007	9.79%	2.96%	1.85x	1.79x	฿-10.34 Million
2008	9.75%	3.30%	1.71x	1.73x	฿-14.57 Million
2009	10.95%	3.53%	1.83x	1.70x	฿61.77 Million
2010	10.24%	3.37%	3.04x	1.00x	฿17.94 Million
2011	11.28%	3.82%	1.71x	1.72x	฿105.45 Million
2012	9.89%	3.79%	1.55x	1.69x	฿-10.35 Million
2013	10.64%	3.92%	1.61x	1.69x	฿61.98 Million
2014	10.75%	4.63%	1.40x	1.65x	฿86.04 Million
2015	11.43%	4.80%	1.42x	1.67x	฿175.57 Million
2016	10.02%	4.15%	1.42x	1.70x	฿3.06 Million
2017	9.47%	4.87%	1.22x	1.59x	฿-85.73 Million
2018	10.13%	5.30%	1.23x	1.55x	฿23.12 Million
2019	9.38%	5.18%	1.22x	1.49x	฿-112.48 Million
2020	7.26%	5.26%	0.95x	1.45x	฿-643.43 Million
2021	7.33%	5.18%	0.97x	1.46x	฿-637.10 Million
2022	6.66%	4.62%	1.00x	1.45x	฿-816.32 Million
2023	8.51%	5.90%	1.00x	1.44x	฿-392.27 Million
2024	10.00%	6.61%	1.08x	1.40x	฿466.04K
2025	9.33%	6.45%	1.07x	1.36x	฿-189.07 Million

Industry Comparison

This section compares Saha Pathanapibul Public Company Limited's net assets metrics with peer companies in the Food Distribution industry.

Industry Context

Industry: Food Distribution
Average net assets among peers: $1,340,158,503
Average return on equity (ROE) among peers: 30.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Saha Pathanapibul Public Company Limited (SPC)	฿28.92 Billion	9.91%	0.34x	$568.29 Million
Premier Marketing Public Company Limited (PM)	$1.34 Billion	30.50%	0.52x	$186.14 Million

About Saha Pathanapibul Public Company Limited

BK:SPC Thailand Food Distribution

Market Cap

$568.29 Million

฿18.23 Billion THB

Market Cap Rank

#11730 Global

#122 in Thailand

Share Price

฿55.25

Change (1 day)

+0.00%

52-Week Range

฿54.75 - ฿59.00

All Time High

฿65.30