Bangkok Airways Public Company Limited
Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services. It operates through Airline, Airport, and Supporting Airline Business segments. The Airline segment engages in the sale of tickets, as well as the provision of services for passengers. The Airport segment offers location services for passengers and airlines. The Supporting Air… Read more
Bangkok Airways Public Company Limited (BA) - Net Assets
Latest net assets as of September 2025: ฿13.98 Billion THB
Based on the latest financial reports, Bangkok Airways Public Company Limited (BA) has net assets worth ฿13.98 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 (฿50.16 Billion) and total liabilities (฿36.18 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 | ฿13.98 Billion |
| % of Total Assets | 27.87% |
| Annual Growth Rate | 11.2% |
| 5-Year Change | -19.12% |
| 10-Year Change | -49.01% |
| Growth Volatility | 73.0 |
Bangkok Airways Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Bangkok Airways Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bangkok Airways Public Company Limited (2011–2024)
The table below shows the annual net assets of Bangkok Airways Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿15.86 Billion | -6.22% |
| 2023-12-31 | ฿16.91 Billion | +0.86% |
| 2022-12-31 | ฿16.76 Billion | +27.36% |
| 2021-12-31 | ฿13.16 Billion | -32.87% |
| 2020-12-31 | ฿19.61 Billion | -34.66% |
| 2019-12-31 | ฿30.00 Billion | -2.51% |
| 2018-12-31 | ฿30.78 Billion | +8.43% |
| 2017-12-31 | ฿28.39 Billion | -11.26% |
| 2016-12-31 | ฿31.99 Billion | +2.87% |
| 2015-12-31 | ฿31.10 Billion | +22.27% |
| 2014-12-31 | ฿25.43 Billion | +253.63% |
| 2013-12-31 | ฿7.19 Billion | -6.84% |
| 2012-12-31 | ฿7.72 Billion | +93.50% |
| 2011-12-31 | ฿3.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bangkok Airways 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 616261765900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.48 Billion | 15.59% |
| Common Stock | ฿2.10 Billion | 13.18% |
| Other Comprehensive Income | ฿210.00 Million | 1.32% |
| Other Components | ฿11.14 Billion | 69.91% |
| Total Equity | ฿15.93 Billion | 100.00% |
Bangkok Airways Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Airways Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
0N01
LSE:0N01
|
$304.75 Million |
|
Takamatsu Construction Group Co., Ltd.
PINK:TAKMF
|
$304.85 Million |
|
Viva Biotech Holdings
PINK:VBIZF
|
$304.96 Million |
|
Suzhou YourBest New-type Materials Co.Ltd.
SHE:301266
|
$305.02 Million |
|
The Marcus Corporation
F:3L1
|
$304.72 Million |
|
RITES Limited
NSE:RITES
|
$304.66 Million |
|
Newron Pharmaceuticals SpA
SW:NWRN
|
$304.62 Million |
|
LDR Turizm AS
IS:LIDER
|
$304.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Airways Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,984,028,340 to 15,931,051,164, a change of -1,052,977,176 (-6.2%).
- Net income of 3,787,662,240 contributed positively to equity growth.
- Dividend payments of 2,309,565,462 reduced retained earnings.
- Other comprehensive income decreased equity by 13,428,685,499.
- Other factors increased equity by 10,897,611,545.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.79 Billion | +23.78% |
| Dividends Paid | ฿2.31 Billion | -14.5% |
| Other Comprehensive Income | ฿-13.43 Billion | -84.29% |
| Other Changes | ฿10.90 Billion | +68.4% |
| Total Change | ฿- | -6.20% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Airways 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: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.26x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿3.21 | ฿13.70 | x |
| 2012-12-31 | ฿6.22 | ฿13.70 | x |
| 2013-12-31 | ฿4.69 | ฿13.70 | x |
| 2014-12-31 | ฿15.13 | ฿13.70 | x |
| 2015-12-31 | ฿14.74 | ฿13.70 | x |
| 2016-12-31 | ฿15.20 | ฿13.70 | x |
| 2017-12-31 | ฿13.48 | ฿13.70 | x |
| 2018-12-31 | ฿14.66 | ฿13.70 | x |
| 2019-12-31 | ฿14.53 | ฿13.70 | x |
| 2020-12-31 | ฿9.51 | ฿13.70 | x |
| 2021-12-31 | ฿6.41 | ฿13.70 | x |
| 2022-12-31 | ฿8.02 | ฿13.70 | x |
| 2023-12-31 | ฿8.09 | ฿13.70 | x |
| 2024-12-31 | ฿7.59 | ฿13.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Airways 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): 23.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.78%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.51x
- Recent ROE (23.78%) is above the historical average (-0.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.30% | 2.00% | 0.51x | 7.12x | ฿-104.05 Million |
| 2012 | 23.55% | 10.02% | 0.55x | 4.26x | ฿1.02 Billion |
| 2013 | 13.17% | 4.69% | 0.65x | 4.29x | ฿224.44 Million |
| 2014 | 1.39% | 1.67% | 0.43x | 1.92x | ฿-2.18 Billion |
| 2015 | 5.80% | 7.77% | 0.41x | 1.84x | ฿-1.30 Billion |
| 2016 | 5.54% | 7.16% | 0.41x | 1.89x | ฿-1.42 Billion |
| 2017 | 2.78% | 3.16% | 0.43x | 2.05x | ฿-2.04 Billion |
| 2018 | 0.81% | 0.99% | 0.41x | 2.02x | ฿-2.82 Billion |
| 2019 | 1.17% | 1.46% | 0.39x | 2.07x | ฿-2.64 Billion |
| 2020 | -27.19% | -69.50% | 0.15x | 2.58x | ฿-7.29 Billion |
| 2021 | -65.16% | -316.53% | 0.06x | 3.71x | ฿-9.92 Billion |
| 2022 | -12.64% | -18.81% | 0.18x | 3.70x | ฿-3.81 Billion |
| 2023 | 18.31% | 15.80% | 0.34x | 3.41x | ฿1.41 Billion |
| 2024 | 23.78% | 15.78% | 0.43x | 3.51x | ฿2.19 Billion |
Industry Comparison
This section compares Bangkok Airways Public Company Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $31,453,102,003
- Average return on equity (ROE) among peers: 4.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Airways Public Company Limited (BA) | ฿13.98 Billion | 7.30% | 2.59x | $304.73 Million |
| Asia Aviation Public Company Limited (AAV-R) | $31.45 Billion | 4.70% | 1.00x | $186.91 Million |