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Siam Pan Group PCL's quarterly net PPE
declined
from Sep. 2025 (฿295 Mil) to Dec. 2025 (฿281 Mil) and
declined
from Dec. 2025 (฿281 Mil) to Mar. 2026 (฿271 Mil).
Siam Pan Group PCL's annual net PPE
declined
from Dec. 2023 (฿385 Mil) to Dec. 2024 (฿337 Mil) and
declined
from Dec. 2024 (฿337 Mil) to Dec. 2025 (฿281 Mil).
Siam Pan Group PCL (BKK:SPG) Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Siam Pan Group PCL Property, Plant and Equipment Related Terms
Siam Pan Group PCL Property, Plant and Equipment Historical Data
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The historical data trend for Siam Pan Group PCL's Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Siam Pan Group PCL Property, Plant and Equipment Chart
Siam Pan Group PCL Property, Plant and Equipment Calculation
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
What does a Property, Plant and Equipment of ฿271 Mil mean?
Siam Pan Group PCL (BKK:SPG) has a Property, Plant and Equipment of ฿271 Mil as of Mar. 2026. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Siam Pan Group PCL and its competitors.
Is Siam Pan Group PCL's Property, Plant and Equipment too high?
Siam Pan Group PCL's current Property, Plant and Equipment is ฿271 Mil. Overall, Siam Pan Group PCL has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's Property, Plant and Equipment compare to LIN and SHW?
Siam Pan Group PCL's Property, Plant and Equipment of ฿271 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Property, Plant and Equipment for a Chemicals company?
A good Property, Plant and Equipment depends on the Chemicals industry context. However, Property, Plant and Equipment should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Property, Plant and Equipment mean?
A high Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Siam Pan Group PCL and its competitors. Siam Pan Group PCL's current Property, Plant and Equipment is ฿271 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿13.84, compared to a current price of ฿11.00 — trading 20.5% below its estimated fair value. The current Property, Plant and Equipment is ฿271 Mil. Siam Pan Group PCL's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Property, Plant and Equipment calculated?
Property, Plant and Equipment is calculated from a company's financial statements. For Siam Pan Group PCL (BKK:SPG), the current Property, Plant and Equipment is ฿271 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Siam Pan Group PCL (BKK:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued.
The current stock price of ฿11.00 is trading 20.5% below its estimated GF Value™ of ฿13.84.
GuruFocus considers Siam Pan Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:SPG:
Property, Plant and Equipment: ฿271 Mil
GF Value™: ฿13.84 vs. price of ฿11.00 (20.5% below fair value)
No single metric tells the full story. See the BKK:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
75GF Score
Get the complete analysis for BKK:SPG
Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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