ABSOLUTE CLEAN ENERGY
Absolute Clean Energy Public Company Limited, together with its subsidiaries, produces and distributes electricity from renewable energy in Thailand. It operates through four segments: Biomass Power Plants, Solid Waste Power Plants, Natural Gas Power Plants, and Solar Energy Power Plants. The company holds 24 COD powerplants with a total of 277.57 megawatts. The company was founded in 1979 and is… Read more
ABSOLUTE CLEAN ENERGY (ACE-R) - Net Assets
Latest net assets as of September 2024: ฿15.91 Billion THB
Based on the latest financial reports, ABSOLUTE CLEAN ENERGY (ACE-R) has net assets worth ฿15.91 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿24.56 Billion) and total liabilities (฿8.65 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 | ฿15.91 Billion |
| % of Total Assets | 64.78% |
| Annual Growth Rate | 9.63% |
| 5-Year Change | 41.78% |
| 10-Year Change | N/A |
| Growth Volatility | 492.36 |
ABSOLUTE CLEAN ENERGY - Net Assets Trend (2014–2023)
This chart illustrates how ABSOLUTE CLEAN ENERGY'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 (2014–2023)
The table below shows the annual net assets of ABSOLUTE CLEAN ENERGY from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 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'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 608429675000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.08 Billion | 40.04% |
| Common Stock | ฿5.09 Billion | 33.48% |
| Other Comprehensive Income | ฿419.94 Million | 2.76% |
| Other Components | ฿3.61 Billion | 23.72% |
| Total Equity | ฿15.20 Billion | 100.00% |
ABSOLUTE CLEAN ENERGY Competitors by Market Cap
The table below lists competitors of ABSOLUTE CLEAN ENERGY ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C-Media Electronics
TWO:6237
|
$79.92 Million |
|
Norsk Titanium AS
OTCQX:NORSF
|
$79.93 Million |
|
Affinity Bancshares Inc
NASDAQ:AFBI
|
$79.94 Million |
|
Yoma Strategic Holdings Ltd
PINK:YMAIF
|
$79.95 Million |
|
Nobia AB (publ)
F:NI8
|
$79.90 Million |
|
OM Holdings Limited
PINK:OMHLF
|
$79.89 Million |
|
Oxford Square Capital Corp
NASDAQ:OXSQ
|
$79.88 Million |
|
Jaguar Mining Inc
OTCQX:JAGGF
|
$79.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ABSOLUTE CLEAN ENERGY's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,125,136,935 to 15,197,342,581, a change of 1,072,205,646 (7.6%).
- Net income of 1,072,511,099 contributed positively to equity growth.
- Dividend payments of 6,188 reduced retained earnings.
- Share repurchases of 94,438,170 reduced equity.
- Other comprehensive income increased equity by 10,100,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.07 Billion | +7.06% |
| Dividends Paid | ฿6.19K | -0.0% |
| Share Repurchases | ฿94.44 Million | -0.62% |
| Other Comprehensive Income | ฿10.10 Million | +0.07% |
| Other Changes | ฿84.04 Million | +0.55% |
| Total Change | ฿- | 7.59% |
Book Value vs Market Value Analysis
This analysis compares ABSOLUTE CLEAN ENERGY'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: 0.87x
- 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 1.79x to 0.87x 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 | ฿1.31 | x |
| 2015-12-31 | ฿0.03 | ฿1.31 | x |
| 2016-12-31 | ฿0.50 | ฿1.31 | x |
| 2017-12-31 | ฿0.56 | ฿1.31 | x |
| 2018-12-31 | ฿0.61 | ฿1.31 | x |
| 2019-12-31 | ฿1.16 | ฿1.31 | x |
| 2020-12-31 | ฿1.18 | ฿1.31 | x |
| 2021-12-31 | ฿1.31 | ฿1.31 | x |
| 2022-12-31 | ฿1.39 | ฿1.31 | x |
| 2023-12-31 | ฿1.51 | ฿1.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ABSOLUTE CLEAN ENERGY 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): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.29%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.43x
- Recent ROE (7.06%) is above the historical average (6.90%), indicating improving 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 |
Industry Comparison
This section compares ABSOLUTE CLEAN ENERGY's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $7,829,432,960
- Average return on equity (ROE) among peers: 7.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ABSOLUTE CLEAN ENERGY (ACE-R) | ฿15.91 Billion | 1.63% | 0.54x | $79.91 Million |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| Absolute Clean Energy PCL (ACE) | $14.18 Billion | 9.04% | 0.41x | $77.52 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 |