Asia Green Energy Public Company Limited (AGE) - Net Assets

Latest as of September 2025: ฿3.54 Billion THB ≈ $110.46 Million USD

Based on the latest financial reports, Asia Green Energy Public Company Limited (AGE) has net assets worth ฿3.54 Billion THB (≈ $110.46 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿8.60 Billion ≈ $267.98 Million USD) and total liabilities (฿5.05 Billion ≈ $157.52 Million 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 Asia Green Energy Public Company Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿3.54 Billion
% of Total Assets	41.22%
Annual Growth Rate	18.04%
5-Year Change	76.96%
10-Year Change	144.92%
Growth Volatility	31.85

Asia Green Energy Public Company Limited - Net Assets Trend (2008–2024)

This chart illustrates how Asia Green Energy Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Asia Green Energy Public Company Limited (AGE) total assets for the complete picture of this company's asset base.

Annual Net Assets for Asia Green Energy Public Company Limited (2008–2024)

The table below shows the annual net assets of Asia Green Energy Public Company Limited from 2008 to 2024. For live valuation and market cap data, see market cap of Asia Green Energy Public Company Limited.

Year	Net Assets	Change
2024-12-31	฿3.30 Billion ≈ $102.87 Million	-1.78%
2023-12-31	฿3.36 Billion ≈ $104.74 Million	+0.54%
2022-12-31	฿3.34 Billion ≈ $104.18 Million	+34.59%
2021-12-31	฿2.48 Billion ≈ $77.40 Million	+33.14%
2020-12-31	฿1.87 Billion ≈ $58.13 Million	+2.73%
2019-12-31	฿1.82 Billion ≈ $56.59 Million	+17.62%
2018-12-31	฿1.54 Billion ≈ $48.11 Million	+8.89%
2017-12-31	฿1.42 Billion ≈ $44.18 Million	-0.16%
2016-12-31	฿1.42 Billion ≈ $44.26 Million	+5.37%
2015-12-31	฿1.35 Billion ≈ $42.00 Million	+8.75%
2014-12-31	฿1.24 Billion ≈ $38.62 Million	-0.25%
2013-12-31	฿1.24 Billion ≈ $38.72 Million	+11.58%
2012-12-31	฿1.11 Billion ≈ $34.70 Million	-1.78%
2011-12-31	฿1.13 Billion ≈ $35.33 Million	+122.46%
2010-12-31	฿509.57 Million ≈ $15.88 Million	+30.87%
2009-12-31	฿389.38 Million ≈ $12.14 Million	+67.69%
2008-12-31	฿232.21 Million ≈ $7.24 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Asia Green Energy 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 1243.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿1.71 Billion	59.50%
Common Stock	฿598.26 Million	20.83%
Other Comprehensive Income	฿59.83 Million	2.08%
Other Components	฿505.03 Million	17.59%
Total Equity	฿2.87 Billion	100.00%

Asia Green Energy Public Company Limited Competitors by Market Cap

The table below lists competitors of Asia Green Energy Public Company Limited ranked by their market capitalization.

Company	Market Cap
AGROB Immobilien AG F:AGR3	$46.25 Million
Perdana Bangun Pusaka Tbk PT JK:KONI	$46.25 Million
Freelancer Ltd AU:FLN	$46.26 Million
Maoye International Holdings Limited F:5MIA	$46.26 Million
Duxton Farms Ltd AU:DBF	$46.24 Million
Logindo Samudramakmur Tbk JK:LEAD	$46.22 Million
KCI Limited KQ:036670	$46.21 Million
Dexter Co Ltd KQ:206560	$46.20 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Asia Green Energy Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,342,289,065 to 2,871,794,304, a change of -470,494,761 (-14.1%).
Net loss of 221,183,425 reduced equity.
Dividend payments of 238,114,629 reduced retained earnings.
Other comprehensive income decreased equity by 16,895,900.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-221.18 Million	-7.7%
Dividends Paid	฿238.11 Million	-8.29%
Other Comprehensive Income	฿-16.90 Million	-0.59%
Other Changes	฿5.70 Million	+0.2%
Total Change	฿-	-14.08%

Book Value vs Market Value Analysis

This analysis compares Asia Green Energy 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: 0.44x
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 2.47x to 0.44x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	฿0.50	฿1.24	x
2009-12-31	฿0.57	฿1.24	x
2010-12-31	฿0.76	฿1.24	x
2011-12-31	฿1.04	฿1.24	x
2012-12-31	฿0.96	฿1.24	x
2013-12-31	฿0.97	฿1.24	x
2014-12-31	฿1.04	฿1.24	x
2015-12-31	฿1.12	฿1.24	x
2016-12-31	฿1.19	฿1.24	x
2017-12-31	฿1.18	฿1.24	x
2018-12-31	฿1.29	฿1.24	x
2019-12-31	฿1.52	฿1.24	x
2020-12-31	฿1.56	฿1.24	x
2021-12-31	฿2.06	฿1.24	x
2022-12-31	฿2.77	฿1.24	x
2023-12-31	฿2.79	฿1.24	x
2024-12-31	฿2.85	฿1.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asia Green Energy 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): -7.70%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1.50%
• Asset Turnover: 1.62x
• Equity Multiplier: 3.16x
Recent ROE (-7.70%) is below the historical average (13.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	53.27%	5.24%	1.76x	5.78x	฿100.45 Million
2009	2.64%	0.48%	1.38x	3.99x	฿-28.67 Million
2010	24.95%	4.51%	1.27x	4.37x	฿76.18 Million
2011	22.97%	4.96%	1.65x	2.80x	฿147.01 Million
2012	-2.19%	-0.56%	1.35x	2.92x	฿-135.55 Million
2013	7.68%	1.89%	1.34x	3.03x	฿-28.78 Million
2014	-2.91%	-0.54%	2.01x	2.66x	฿-159.67 Million
2015	8.20%	2.61%	1.56x	2.01x	฿-24.25 Million
2016	10.82%	3.31%	1.14x	2.88x	฿11.65 Million
2017	8.51%	2.03%	1.42x	2.95x	฿-21.11 Million
2018	8.25%	1.61%	1.60x	3.20x	฿-27.00 Million
2019	15.03%	4.40%	1.31x	2.61x	฿91.34 Million
2020	13.29%	3.14%	1.46x	2.90x	฿61.26 Million
2021	25.93%	4.95%	1.70x	3.08x	฿391.94 Million
2022	37.59%	6.63%	2.10x	2.70x	฿915.97 Million
2023	8.53%	2.16%	1.75x	2.26x	฿-49.13 Million
2024	-7.70%	-1.50%	1.62x	3.16x	฿-508.36 Million

Industry Comparison

This section compares Asia Green Energy Public Company Limited's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $3,373,101,679
Average return on equity (ROE) among peers: -5.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asia Green Energy Public Company Limited (AGE)	฿3.54 Billion	53.27%	1.43x	$46.25 Million
Banpu Public Company Limited (BANPU)	$6.61 Billion	0.00%	1.08x	$1.84 Billion
Lanna Resources Public Company Limited (LANNA)	$6.03 Billion	6.82%	0.54x	$238.91 Million
Thai Capital Corporation Public Company Limited (TCC)	$133.62 Million	12.94%	2.84x	$15.66 Million
Unique Mining Services Public Company Limited (UMS)	$720.74 Million	-40.00%	2.81x	$19.36 Million

About Asia Green Energy Public Company Limited

BK:AGE Thailand Thermal Coal

Market Cap

$46.25 Million

฿1.48 Billion THB

Market Cap Rank

#22182 Global

#376 in Thailand

Share Price

฿1.24

Change (1 day)

+0.81%

52-Week Range

฿0.75 - ฿1.50

All Time High

฿3.98