Asia Green Energy Public Company Limited (AGE) - Net Assets
Based on the latest financial reports, Asia Green Energy Public Company Limited (AGE) has net assets worth ฿3.56 Billion THB (≈ $111.12 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿8.31 Billion ≈ $259.06 Million USD) and total liabilities (฿4.75 Billion ≈ $147.94 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 AGE tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.56 Billion |
| % of Total Assets | 42.89% |
| Annual Growth Rate | 17.43% |
| 5-Year Change | 43.56% |
| 10-Year Change | 151.07% |
| Growth Volatility | 31.06 |
Asia Green Energy Public Company Limited - Net Assets Trend (2008–2025)
This chart illustrates how Asia Green Energy Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Asia Green Energy Public Company Limited (AGE) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Asia Green Energy Public Company Limited (2008–2025)
The table below shows the annual net assets of Asia Green Energy Public Company Limited from 2008 to 2025. For live valuation and market cap data, see market cap of Asia Green Energy Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿3.56 Billion ≈ $111.12 Million |
+8.01% |
| 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 1488.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.02 Billion | 63.35% |
| Other Components | ฿1.17 Billion | 36.65% |
| Total Equity | ฿3.19 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 |
|---|---|
|
Strategic Investments A/S
CO:STRINV
|
$45.88 Million |
|
Mawana Sugars Limited
NSE:MAWANASUG
|
$45.88 Million |
|
SVOA Public Company Limited
BK:SVOA
|
$45.89 Million |
|
Salazar Resources Limited
V:SRL
|
$45.92 Million |
|
Caprice Resources Limited
F:C3F
|
$45.84 Million |
|
Sensus Healthcare Inc
NASDAQ:SRTS
|
$45.83 Million |
|
LGL Group Inc
NYSE MKT:LGL
|
$45.78 Million |
|
Mercal Inmuebles Socimi SA
MC:YMEI
|
$45.78 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 2024 to 2025, total equity changed from 2,871,794,304 to 3,189,391,638, a change of 317,597,334 (11.1%).
- Net income of 302,085,581 contributed positively to equity growth.
- Other comprehensive income decreased equity by 59,826,309.
- Other factors increased equity by 75,338,062.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿302.09 Million | +9.47% |
| Other Comprehensive Income | ฿-59.83 Million | -1.88% |
| Other Changes | ฿75.34 Million | +2.36% |
| Total Change | ฿- | 11.06% |
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: 0.46x
- 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 2.45x to 0.46x 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 | ฿1.23 | x |
| 2009-12-31 | ฿0.57 | ฿1.23 | x |
| 2010-12-31 | ฿0.76 | ฿1.23 | x |
| 2011-12-31 | ฿1.04 | ฿1.23 | x |
| 2012-12-31 | ฿0.96 | ฿1.23 | x |
| 2013-12-31 | ฿0.97 | ฿1.23 | x |
| 2014-12-31 | ฿1.04 | ฿1.23 | x |
| 2015-12-31 | ฿1.12 | ฿1.23 | x |
| 2016-12-31 | ฿1.19 | ฿1.23 | x |
| 2017-12-31 | ฿1.18 | ฿1.23 | x |
| 2018-12-31 | ฿1.29 | ฿1.23 | x |
| 2019-12-31 | ฿1.52 | ฿1.23 | x |
| 2020-12-31 | ฿1.56 | ฿1.23 | x |
| 2021-12-31 | ฿2.06 | ฿1.23 | x |
| 2022-12-31 | ฿2.77 | ฿1.23 | x |
| 2023-12-31 | ฿2.79 | ฿1.23 | x |
| 2024-12-31 | ฿2.85 | ฿1.23 | x |
| 2025-12-31 | ฿2.67 | ฿1.23 | 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): 9.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.97%
- • Asset Turnover: 1.84x
- • Equity Multiplier: 2.61x
- Recent ROE (9.47%) is below the historical average (13.57%), 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 |
| 2025 | 9.47% | 1.97% | 1.84x | 2.61x | ฿-16.85 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: $3,135,346,233
- Average return on equity (ROE) among peers: -6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Green Energy Public Company Limited (AGE) | ฿3.56 Billion | 53.27% | 1.33x | $45.87 Million |
| Banpu Public Company Limited (BANPU) | $4.90 Billion | -1.31% | 1.85x | $1.69 Billion |
| Lanna Resources Public Company Limited (LANNA) | $6.03 Billion | 6.82% | 0.54x | $234.00 Million |
| Thai Capital Corporation Public Company Limited (TCC) | $891.34 Million | 8.51% | 0.35x | $14.35 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
Asia Green Energy Public Company Limited engages in the distribution of coal for industrial use in Thailand and internationally. It offers river transportation, trucking, port, stockpile, and waste management services. The company also provides cargo services and extraction of coal; hire purchase and leasing services for assets and related services; warehousing and storage services; transportatio… Read more