Thai Energy Storage Technology Public Company Limited
Thai Energy Storage Technology Public Company Limited, together with its subsidiaries, manufactures and distributes batteries in Thailand and internationally. It provides automotive batteries comprising low maintenance, maintenance-free, and EFB batteries; motorcycle batteries; traction batteries; EB batteries; lighting batteries; and golf cart batteries under the 3K, Tiger, KV, TSB, Tuflong, MAX… Read more
Thai Energy Storage Technology Public Company Limited (3K-BAT) - Net Assets
Latest net assets as of June 2024: ฿2.58 Billion THB
Based on the latest financial reports, Thai Energy Storage Technology Public Company Limited (3K-BAT) has net assets worth ฿2.58 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.87 Billion) and total liabilities (฿1.30 Billion). 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 | ฿2.58 Billion |
| % of Total Assets | 66.57% |
| Annual Growth Rate | 4.68% |
| 5-Year Change | 26.25% |
| 10-Year Change | N/A |
| Growth Volatility | 2.62 |
Thai Energy Storage Technology Public Company Limited - Net Assets Trend (2018–2023)
This chart illustrates how Thai Energy Storage Technology 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 Thai Energy Storage Technology Public Company Limited (2018–2023)
The table below shows the annual net assets of Thai Energy Storage Technology Public Company Limited from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿2.49 Billion | +5.31% |
| 2022-12-31 | ฿2.36 Billion | +6.42% |
| 2021-12-31 | ฿2.22 Billion | +6.54% |
| 2020-12-31 | ฿2.08 Billion | +5.75% |
| 2019-12-31 | ฿1.97 Billion | -0.46% |
| 2018-12-31 | ฿1.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Energy Storage Technology 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 64.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.35 Billion | 54.37% |
| Other Components | ฿1.13 Billion | 45.63% |
| Total Equity | ฿2.48 Billion | 100.00% |
Thai Energy Storage Technology Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Energy Storage Technology Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bradda Head Lithium Limited
PINK:BHLIF
|
$2.00 Million |
|
VPR Brands LP
PINK:VPRB
|
$2.00 Million |
|
Iconic Minerals Ltd.
OTCQB:ICMFF
|
$2.00 Million |
|
Rogue Resources Inc
PINK:GCRIF
|
$2.00 Million |
|
Lowland Investment Co
LSE:LWI
|
$2.00 Million |
|
Tarachi Gold Corp
OTCQB:TRGGF
|
$2.00 Million |
|
Vivakor Inc
NASDAQ:VIVK
|
$2.00 Million |
|
TONGDA GRP HLDGS
MU:TJC
|
$2.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Energy Storage Technology Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,351,918,104 to 2,476,460,241, a change of 124,542,137 (5.3%).
- Net income of 145,261,597 contributed positively to equity growth.
- Dividend payments of 19,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 44,443,183.
- Other factors increased equity by 43,323,723.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿145.26 Million | +5.87% |
| Dividends Paid | ฿19.60 Million | -0.79% |
| Other Comprehensive Income | ฿-44.44 Million | -1.79% |
| Other Changes | ฿43.32 Million | +1.75% |
| Total Change | ฿- | 5.30% |
Book Value vs Market Value Analysis
This analysis compares Thai Energy Storage Technology 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: 1.68x
- 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 2.10x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿25.20 | ฿53.00 | x |
| 2019-12-31 | ฿25.07 | ฿53.00 | x |
| 2020-12-31 | ฿26.42 | ฿53.00 | x |
| 2021-12-31 | ฿28.23 | ฿53.00 | x |
| 2022-12-31 | ฿30.03 | ฿53.00 | x |
| 2023-12-31 | ฿31.59 | ฿53.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Energy Storage Technology 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.95%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.51x
- Recent ROE (5.87%) is above the historical average (0.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -7.28% | -2.31% | 1.66x | 1.89x | ฿-341.39 Million |
| 2019 | 5.59% | 1.97% | 1.60x | 1.78x | ฿-86.74 Million |
| 2020 | -10.99% | -4.80% | 1.27x | 1.81x | ฿-436.36 Million |
| 2021 | 6.94% | 2.84% | 1.36x | 1.79x | ฿-67.60 Million |
| 2022 | 5.29% | 2.37% | 1.37x | 1.63x | ฿-110.67 Million |
| 2023 | 5.87% | 2.95% | 1.32x | 1.51x | ฿-102.38 Million |
Industry Comparison
This section compares Thai Energy Storage Technology Public Company Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,074,501,770
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Energy Storage Technology Public Company Limited (3K-BAT) | ฿2.58 Billion | -7.28% | 0.50x | $2.00 Million |
| Asian Insulators PCL (AI) | $3.41 Billion | 11.31% | 0.19x | $27.20 Million |
| Ekarat Engineering Public Company Limited (AKR) | $1.68 Billion | 16.66% | 0.42x | $23.80 Million |
| Asefa Public Company Limited (ASEFA) | $612.24 Million | 18.56% | 1.82x | $13.26 Million |
| C.I. Group Public Company Limited (CIG) | $362.41 Million | -35.87% | 1.41x | $1.58 Million |
| Cpt Drives & Power Pcl (CPT) | $493.86 Million | 22.89% | 0.85x | $7.81 Million |
| Charoong Thai Wire and Cable Public Company Limited (CTW) | $4.05 Billion | 4.35% | 0.89x | $14.38 Million |
| Delta Electronics (Thailand) Public Company Limited (DELTA) | $13.93 Billion | 29.02% | 0.54x | $36.09 Billion |
| QTC Energy Public Company Limited (QTC) | $1.69 Billion | 9.31% | 0.14x | $14.48 Million |
| SCI Electric Public Company Limited (SCI) | $1.45 Billion | 0.11% | 1.17x | $7.53 Million |