Polyplex (Thailand) Public Company Limited (PKW) - Net Assets
Based on the latest financial reports, Polyplex (Thailand) Public Company Limited (PKW) has net assets worth €19.49 Billion EUR (≈ $22.78 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€25.46 Billion ≈ $29.76 Billion USD) and total liabilities (€5.97 Billion ≈ $6.98 Billion 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 Polyplex (Thailand) Public Company Limit (PKW) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.49 Billion |
| % of Total Assets | 76.54% |
| Annual Growth Rate | 9.32% |
| 5-Year Change | 28.58% |
| 10-Year Change | N/A |
| Growth Volatility | 6.33 |
Polyplex (Thailand) Public Company Limited - Net Assets Trend (2017–2025)
This chart illustrates how Polyplex (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore PKW total asset value for the complete picture of this company's asset base.
Annual Net Assets for Polyplex (Thailand) Public Company Limited (2017–2025)
The table below shows the annual net assets of Polyplex (Thailand) Public Company Limited from 2017 to 2025. For live valuation and market cap data, see PKW stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €19.72 Billion ≈ $23.06 Billion |
-3.15% |
| 2024-03-31 | €20.36 Billion ≈ $23.81 Billion |
+5.69% |
| 2023-03-31 | €19.27 Billion ≈ $22.53 Billion |
+7.51% |
| 2022-03-31 | €17.92 Billion ≈ $20.95 Billion |
+16.84% |
| 2021-03-31 | €15.34 Billion ≈ $17.93 Billion |
+18.71% |
| 2020-03-31 | €12.92 Billion ≈ $15.11 Billion |
+11.30% |
| 2019-03-31 | €11.61 Billion ≈ $13.57 Billion |
+10.16% |
| 2018-03-31 | €10.54 Billion ≈ $12.32 Billion |
+9.03% |
| 2017-03-31 | €9.67 Billion ≈ $11.30 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Polyplex (Thailand) 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 129.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €17.73 Billion | 91.08% |
| Other Components | €1.74 Billion | 8.92% |
| Total Equity | €19.47 Billion | 100.00% |
Polyplex (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Polyplex (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TTW Public Company Limited
F:F1P
|
$2.71K |
|
Taiwan Styrene Monomer Corp
TW:1310
|
$2.72K |
|
BurgerFi International, Inc.
NASDAQ:BFICQ
|
$2.74K |
|
Weiss Korea Opportunity Fund
LSE:WKOF
|
$2.97K |
|
Ordinary Fully Paid Deferred Settlement
AU:IMUDA
|
$2.66K |
|
TTW PCL
STU:F1P
|
$2.63K |
|
Conn's, Inc.
NASDAQ:CONNQ
|
$2.49K |
|
CI Com SA
SW:CIE
|
$2.47K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polyplex (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,141,000,879 to 19,465,111,361, a change of -675,889,518 (-3.4%).
- Net income of 1,155,031,733 contributed positively to equity growth.
- Dividend payments of 351,000,000 reduced retained earnings.
- Other factors decreased equity by 1,479,921,251.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.16 Billion | +5.93% |
| Dividends Paid | €351.00 Million | -1.8% |
| Other Changes | €-1.48 Billion | -7.6% |
| Total Change | €- | -3.36% |
Book Value vs Market Value Analysis
This analysis compares Polyplex (Thailand) 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: 0.01x
- 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 |
|---|---|---|---|
| 2017-03-31 | €10.71 | €0.25 | x |
| 2018-03-31 | €11.68 | €0.25 | x |
| 2019-03-31 | €12.87 | €0.25 | x |
| 2020-03-31 | €14.32 | €0.25 | x |
| 2021-03-31 | €16.97 | €0.25 | x |
| 2022-03-31 | €19.81 | €0.25 | x |
| 2023-03-31 | €21.23 | €0.25 | x |
| 2024-03-31 | €22.38 | €0.25 | x |
| 2025-03-31 | €21.63 | €0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polyplex (Thailand) 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): 5.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.17%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.34x
- Recent ROE (5.93%) is below the historical average (13.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.17% | 11.84% | 0.80x | 1.49x | €402.15 Million |
| 2018 | 11.13% | 9.23% | 0.84x | 1.44x | €118.58 Million |
| 2019 | 20.07% | 15.76% | 0.93x | 1.37x | €1.17 Billion |
| 2020 | 13.99% | 12.83% | 0.80x | 1.36x | €514.35 Million |
| 2021 | 19.44% | 19.61% | 0.76x | 1.31x | €1.44 Billion |
| 2022 | 19.91% | 16.48% | 0.84x | 1.43x | €1.77 Billion |
| 2023 | 10.97% | 7.96% | 1.02x | 1.35x | €185.48 Million |
| 2024 | 1.49% | 1.44% | 0.78x | 1.33x | €-1.71 Billion |
| 2025 | 5.93% | 5.17% | 0.86x | 1.34x | €-791.48 Million |
Industry Comparison
This section compares Polyplex (Thailand) Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,071,504,005
- Average return on equity (ROE) among peers: -30.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polyplex (Thailand) Public Company Limited (PKW) | €19.49 Billion | 14.17% | 0.31x | $2.70K |
| GRAPHENE MANUFACT.GROUP (0GF) | $10.10 Million | -116.54% | 0.65x | $152.93 Million |
| Orion Engineered Carbons SA (0OE) | $478.50 Million | 21.63% | 2.83x | $318.41 Million |
| H&R GmbH & Co. KGaA (2HRA) | $189.16 Million | -7.42% | 2.14x | $183.88 Million |
| Dotz Nano Ltd (57N) | $3.79 Million | -160.22% | 0.25x | $3.81 Million |
| EXPLOS. PROD. CHIM.EO 31 (9Z50) | $106.13 Million | 5.52% | 2.43x | $536.15 Million |
| Altech Chemicals Ltd (A3Y) | $20.44 Million | -57.36% | 0.80x | $27.76 Million |
| AlzChem Group AG (ACT) | $0.00 | 0.00% | 0.00x | $1.83 Billion |
| AIR LIQUIDE ADR 1/5/EO 11 (AILA) | $25.04 Billion | 12.29% | 0.93x | $103.86 Billion |
| AKZO NOBEL SPONS.ADRS 1/3 (AKUP) | $4.82 Billion | 13.17% | 1.89x | $8.57 Billion |
| BRAIN Biotech AG (BNN) | $41.83 Million | -11.89% | 0.86x | $51.56 Million |
About Polyplex (Thailand) Public Company Limited
Polyplex (Thailand) Public Company Limited manufactures and distributes polyester films and chips, metalized films, extrusion coated films, cast polypropylene films, silicone coated films, blown films, holographic films, and PET resins in Thailand and internationally. The company offers Sarafil range of plastic films, including BOPET, a polyester resin film; BOPP, a transparent bi-oriented polypr… Read more