ATLAS
Atlas Energy Public Company Limited trades cooking gas products in Thailand. It operates three segments: Automotive; Household and Industrial; and Management services and others. The company operates gas service stations; provides oil distribution management services; and trades supplies and equipment for gas service stations. It also trades liquefied petroleum gas (LPG) for household, transporta… Read more
ATLAS (ATLAS) - Net Assets
Latest net assets as of December 2025: ฿2.83 Billion THB
Based on the latest financial reports, ATLAS (ATLAS) has net assets worth ฿2.83 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.15 Billion) and total liabilities (฿6.31 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 | ฿2.83 Billion |
| % of Total Assets | 30.99% |
| Annual Growth Rate | 96.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
ATLAS - Net Assets Trend (2024–2025)
This chart illustrates how ATLAS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ATLAS (2024–2025)
The table below shows the annual net assets of ATLAS from 2024 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.83 Billion | +96.48% |
| 2024-12-31 | ฿1.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ATLAS'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 15.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.06 Billion | 37.48% |
| Other Components | ฿1.77 Billion | 62.52% |
| Total Equity | ฿2.83 Billion | 100.00% |
ATLAS Competitors by Market Cap
The table below lists competitors of ATLAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENSILICA PLC LS-001
F:F0Z
|
$22.21 Million |
|
Just Eat Takeaway
PINK:TKAYF
|
$22.21 Million |
|
Hunt Electronic Co Ltd
TWO:3297
|
$22.22 Million |
|
Respiri Ltd
AU:RSH
|
$22.22 Million |
|
Elmer Bancorp Inc
PINK:ELMA
|
$22.20 Million |
|
PT Jakarta International Hotels & Development Tbk
MU:JAK1
|
$22.20 Million |
|
Chen Hsong Holdings Limited
PINK:CHHGF
|
$22.19 Million |
|
Carelabs Co.Ltd
KQ:263700
|
$22.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ATLAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,442,680,187 to 2,834,517,642, a change of 1,391,837,455 (96.5%).
- Net income of 301,190,207 contributed positively to equity growth.
- Dividend payments of 141,842,000 reduced retained earnings.
- New share issuances of 1,229,569,918 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿301.19 Million | +10.63% |
| Dividends Paid | ฿141.84 Million | -5.0% |
| Share Issuances | ฿1.23 Billion | +43.38% |
| Other Changes | ฿2.92 Million | +0.1% |
| Total Change | ฿- | 96.48% |
Book Value vs Market Value Analysis
This analysis compares ATLAS'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: 0.92x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2025-12-31 | ฿2.00 | ฿1.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ATLAS 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): 10.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 3.23x
- Recent ROE (10.63%) is below the historical average (15.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2024 | 19.77% | 1.55% | 2.20x | 5.80x | ฿140.97 Million |
| 2025 | 10.63% | 2.59% | 1.27x | 3.23x | ฿17.74 Million |
Industry Comparison
This section compares ATLAS's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $38,830,018,595
- Average return on equity (ROE) among peers: 15.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ATLAS (ATLAS) | ฿2.83 Billion | 19.77% | 2.23x | $22.20 Million |
| Bangchak Corporation Public Company Limited (BCP-R) | $58.82 Billion | 2.94% | 1.17x | $1.02 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $20.75 Billion | 32.04% | 1.85x | $53.08 Million |
| IRPC Public Company Limited (IRPC) | $83.40 Billion | -1.37% | 1.13x | $411.27 Million |
| PTT Oil and Retail Business Public Company Limited (OR) | $99.87 Billion | 11.49% | 1.08x | $937.47 Million |
| PTT OIL & RETAIL BUSINE-NVDR (OR-R) | $38.71 Billion | 28.15% | 2.93x | $1.16 Billion |
| Premier Tank Corp. PCL (PTC) | $902.73 Million | 5.20% | 0.02x | $3.24 Million |
| Sea Oil Public Company Limited (SEAOIL) | $164.21 Million | 27.79% | 1.39x | $31.65 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $10.13 Billion | 8.60% | 2.53x | $103.31 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $36.72 Billion | 22.40% | 0.66x | $367.39 Million |