Absolute Clean Energy PCL
Absolute Clean Energy Public Company Limited, together with its subsidiaries, produces and distributes electricity and steam from renewable energy in Thailand. The company operates through four segments: Biomass Power Plants, Solid Waste Power Plants, Natural Gas Power Plants, and Solar Energy Power Plants. It holds 45 COD powerplants with a total of 440.22 megawatts. Absolute Clean Energy Public… Read more
Absolute Clean Energy PCL (ACE) - Net Assets
Latest net assets as of September 2025: ฿16.32 Billion THB
Based on the latest financial reports, Absolute Clean Energy PCL (ACE) has net assets worth ฿16.32 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿25.83 Billion) and total liabilities (฿9.51 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 | ฿16.32 Billion |
| % of Total Assets | 63.2% |
| Annual Growth Rate | 9.22% |
| 5-Year Change | 34.75% |
| 10-Year Change | 5738.86% |
| Growth Volatility | 470.02 |
Absolute Clean Energy PCL - Net Assets Trend (2014–2024)
This chart illustrates how Absolute Clean Energy PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Absolute Clean Energy PCL (2014–2024)
The table below shows the annual net assets of Absolute Clean Energy PCL from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿16.16 Billion | +5.61% |
| 2023-12-31 | ฿15.30 Billion | +7.88% |
| 2022-12-31 | ฿14.18 Billion | +6.11% |
| 2021-12-31 | ฿13.37 Billion | +11.47% |
| 2020-12-31 | ฿11.99 Billion | +11.12% |
| 2019-12-31 | ฿10.79 Billion | +93.71% |
| 2018-12-31 | ฿5.57 Billion | +8.96% |
| 2017-12-31 | ฿5.11 Billion | +10.84% |
| 2016-12-31 | ฿4.61 Billion | +1566.93% |
| 2015-12-31 | ฿276.78 Million | -95.86% |
| 2014-12-31 | ฿6.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Absolute Clean Energy PCL'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 690529338800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.91 Billion | 43.06% |
| Other Components | ฿9.13 Billion | 56.94% |
| Total Equity | ฿16.04 Billion | 100.00% |
Absolute Clean Energy PCL Competitors by Market Cap
The table below lists competitors of Absolute Clean Energy PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orior AG
SW:ORON
|
$77.53 Million |
|
Catella AB A
ST:CAT-A
|
$77.53 Million |
|
MaxCyte Inc
NASDAQ:MXCT
|
$77.55 Million |
|
Telia Lietuva AB
F:ZWS
|
$77.57 Million |
|
Anhui Chaoyue Environmental Protection Technology Co. Ltd.
SHE:301049
|
$77.50 Million |
|
Lotte Data Communication Company
KO:286940
|
$77.50 Million |
|
Chargeurs SA
F:GET
|
$77.49 Million |
|
American Riviera Bank
OTCQX:ARBV
|
$77.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Absolute Clean Energy PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,197,342,581 to 16,036,939,219, a change of 839,596,638 (5.5%).
- Net income of 838,716,830 contributed positively to equity growth.
- Other comprehensive income decreased equity by 419,936,394.
- Other factors increased equity by 420,816,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿838.72 Million | +5.23% |
| Other Comprehensive Income | ฿-419.94 Million | -2.62% |
| Other Changes | ฿420.82 Million | +2.62% |
| Total Change | ฿- | 5.52% |
Book Value vs Market Value Analysis
This analysis compares Absolute Clean Energy PCL'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: 0.81x
- 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 1.77x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.73 | ฿1.29 | x |
| 2015-12-31 | ฿0.03 | ฿1.29 | x |
| 2016-12-31 | ฿0.50 | ฿1.29 | x |
| 2017-12-31 | ฿0.56 | ฿1.29 | x |
| 2018-12-31 | ฿0.61 | ฿1.29 | x |
| 2019-12-31 | ฿1.16 | ฿1.29 | x |
| 2020-12-31 | ฿1.18 | ฿1.29 | x |
| 2021-12-31 | ฿1.31 | ฿1.29 | x |
| 2022-12-31 | ฿1.39 | ฿1.29 | x |
| 2023-12-31 | ฿1.51 | ฿1.29 | x |
| 2024-12-31 | ฿1.59 | ฿1.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Absolute Clean Energy PCL 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): 5.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.00%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.57x
- Recent ROE (5.23%) is below the historical average (6.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.63% | 8.31% | 0.11x | 1.75x | ฿-559.91 Million |
| 2015 | -1.23% | -0.16% | 0.20x | 38.38x | ฿-31.09 Million |
| 2016 | 2.91% | 6.23% | 0.16x | 2.90x | ฿-327.33 Million |
| 2017 | 8.31% | 9.98% | 0.30x | 2.75x | ฿-86.44 Million |
| 2018 | 9.81% | 11.31% | 0.35x | 2.49x | ฿-10.60 Million |
| 2019 | 7.55% | 16.47% | 0.35x | 1.31x | ฿-264.00 Million |
| 2020 | 12.57% | 25.74% | 0.36x | 1.37x | ฿308.36 Million |
| 2021 | 11.31% | 26.29% | 0.31x | 1.41x | ฿174.15 Million |
| 2022 | 9.08% | 18.53% | 0.34x | 1.42x | ฿-130.53 Million |
| 2023 | 7.06% | 16.29% | 0.30x | 1.43x | ฿-447.22 Million |
| 2024 | 5.23% | 13.00% | 0.26x | 1.57x | ฿-764.98 Million |
Industry Comparison
This section compares Absolute Clean Energy PCL's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $6,284,101,104
- Average return on equity (ROE) among peers: 5.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Absolute Clean Energy PCL (ACE) | ฿16.32 Billion | 1.63% | 0.58x | $77.52 Million |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| ABSOLUTE CLEAN ENERGY (ACE-R) | $276.78 Million | -1.23% | 37.38x | $79.91 Million |
| BBGI PCL (BBGI) | $6.50 Billion | 12.99% | 0.96x | $41.12 Million |
| BCPG Public Company Limited (BCPG) | $27.23 Billion | 7.39% | 1.16x | $229.34 Million |
| Clover Power PCL (CV) | $590.77 Million | 33.82% | 2.29x | $553.20K |
| Energy Absolute Public Company Limited (EA) | $19.52 Billion | 25.49% | 2.03x | $424.82 Million |
| Earth Tech Environment Public Company Limited (ETC) | $222.14 Million | -9.24% | 1.12x | $13.55 Million |
| Green Resources Public Company Limited (GREEN) | $767.18 Million | -4.00% | 0.36x | $7.02 Million |
| Meta Corporation Public Company Limited (META) | $1.31 Billion | -8.12% | 0.39x | $2.59 Million |