Banpu Public Company Limited
Banpu Public Company Limited engages in the coal mining and power businesses. It operates through Next-Gen Mining, U.S. Closed-Loop Gas, Power+, and Future Tech segments. The company operates coal projects in Indonesia, China, Australia, and Mongolia; natural gas projects in the United States; thermal power plants in Thailand, Lao PDR, and China; and renewable energy power plants in Japan, China,… Read more
Banpu Public Company Limited (BANPU) - Net Assets
Latest net assets as of December 2025: ฿4.89 Billion THB
Based on the latest financial reports, Banpu Public Company Limited (BANPU) has net assets worth ฿4.89 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 (฿13.94 Billion) and total liabilities (฿9.05 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 | ฿4.89 Billion |
| % of Total Assets | 35.1% |
| Annual Growth Rate | -1.15% |
| 5-Year Change | 57.7% |
| 10-Year Change | 78.72% |
| Growth Volatility | 32.36 |
Banpu Public Company Limited - Net Assets Trend (1999–2025)
This chart illustrates how Banpu 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 Banpu Public Company Limited (1999–2025)
The table below shows the annual net assets of Banpu Public Company Limited from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.89 Billion | +4.08% |
| 2024-12-31 | ฿4.70 Billion | -2.62% |
| 2023-12-31 | ฿4.83 Billion | +9.51% |
| 2022-12-31 | ฿4.41 Billion | +42.08% |
| 2021-12-31 | ฿3.10 Billion | +10.22% |
| 2020-12-31 | ฿2.82 Billion | -6.19% |
| 2019-12-31 | ฿3.00 Billion | -5.48% |
| 2018-12-31 | ฿3.17 Billion | -1.13% |
| 2017-12-31 | ฿3.21 Billion | +17.27% |
| 2016-12-31 | ฿2.74 Billion | +32.58% |
| 2015-12-31 | ฿2.07 Billion | -13.95% |
| 2014-12-31 | ฿2.40 Billion | -7.41% |
| 2013-12-31 | ฿2.59 Billion | -9.00% |
| 2012-12-31 | ฿2.85 Billion | +1.45% |
| 2011-12-31 | ฿2.81 Billion | +21.99% |
| 2010-12-31 | ฿2.30 Billion | +37.20% |
| 2009-12-31 | ฿1.68 Billion | +25.72% |
| 2008-12-31 | ฿1.33 Billion | +2.00% |
| 2007-12-31 | ฿1.31 Billion | +111.06% |
| 2006-12-31 | ฿619.89 Million | +15.92% |
| 2005-12-31 | ฿534.76 Million | -10.16% |
| 2004-12-31 | ฿595.23 Million | +5.45% |
| 2003-12-31 | ฿564.48 Million | -93.62% |
| 2002-12-31 | ฿8.85 Billion | +29.94% |
| 2001-12-31 | ฿6.81 Billion | -12.31% |
| 2000-12-31 | ฿7.77 Billion | +17.55% |
| 1999-12-31 | ฿6.61 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banpu 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 242447000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.42 Billion | 69.27% |
| Other Components | ฿1.08 Billion | 30.73% |
| Total Equity | ฿3.50 Billion | 100.00% |
Banpu Public Company Limited Competitors by Market Cap
The table below lists competitors of Banpu Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Encore Capital Group Inc
NASDAQ:ECPG
|
$1.41 Billion |
|
Dürr Aktiengesellschaft
PINK:DUERF
|
$1.41 Billion |
|
CAIRN HOMES (WI) EO -001
F:C5H
|
$1.41 Billion |
|
DO & CO Aktiengesellschaft
VI:DOC
|
$1.41 Billion |
|
MAKINO MILLG MACH.
F:95B
|
$1.41 Billion |
|
Perrigo Company PLC
NYSE:PRGO
|
$1.41 Billion |
|
Kohl's Corporation
NYSE:KSS
|
$1.41 Billion |
|
ANI Pharmaceuticals Inc
NASDAQ:ANIP
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banpu Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,321,864,000 to 3,500,017,000, a change of 178,153,000 (5.4%).
- Net loss of 61,452,000 reduced equity.
- Dividend payments of 72,609,000 reduced retained earnings.
- Share repurchases of 9,588,000 reduced equity.
- New share issuances of 170,134,000 increased equity.
- Other comprehensive income decreased equity by 321,340,000.
- Other factors increased equity by 473,008,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-61.45 Million | -1.76% |
| Dividends Paid | ฿72.61 Million | -2.07% |
| Share Repurchases | ฿9.59 Million | -0.27% |
| Share Issuances | ฿170.13 Million | +4.86% |
| Other Comprehensive Income | ฿-321.34 Million | -9.18% |
| Other Changes | ฿473.01 Million | +13.51% |
| Total Change | ฿- | 5.36% |
Book Value vs Market Value Analysis
This analysis compares Banpu 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: 16.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 43.59x to 16.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ฿0.14 | ฿5.90 | x |
| 2004-12-31 | ฿0.14 | ฿5.90 | x |
| 2005-12-31 | ฿0.12 | ฿5.90 | x |
| 2006-12-31 | ฿0.14 | ฿5.90 | x |
| 2007-12-31 | ฿0.27 | ฿5.90 | x |
| 2008-12-31 | ฿0.28 | ฿5.90 | x |
| 2009-12-31 | ฿0.34 | ฿5.90 | x |
| 2010-12-31 | ฿0.47 | ฿5.90 | x |
| 2011-12-31 | ฿0.56 | ฿5.90 | x |
| 2012-12-31 | ฿0.58 | ฿5.90 | x |
| 2013-12-31 | ฿0.55 | ฿5.90 | x |
| 2014-12-31 | ฿0.51 | ฿5.90 | x |
| 2015-12-31 | ฿0.43 | ฿5.90 | x |
| 2016-12-31 | ฿0.50 | ฿5.90 | x |
| 2017-12-31 | ฿0.43 | ฿5.90 | x |
| 2018-12-31 | ฿0.42 | ฿5.90 | x |
| 2019-12-31 | ฿0.39 | ฿5.90 | x |
| 2020-12-31 | ฿0.35 | ฿5.90 | x |
| 2021-12-31 | ฿0.36 | ฿5.90 | x |
| 2022-12-31 | ฿0.52 | ฿5.90 | x |
| 2023-12-31 | ฿0.43 | ฿5.90 | x |
| 2024-12-31 | ฿0.39 | ฿5.90 | x |
| 2025-12-31 | ฿0.35 | ฿5.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banpu 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): -1.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.16%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 3.98x
- Recent ROE (-1.76%) is below the historical average (14.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 30.30% | 40.36% | 0.33x | 2.24x | ฿1.55 Billion |
| 2001 | 3.26% | 8.29% | 0.17x | 2.36x | ฿-450.93 Million |
| 2002 | 16.63% | 13.29% | 0.46x | 2.72x | ฿577.73 Million |
| 2003 | 9.20% | 16.39% | 0.37x | 1.53x | ฿-4.48 Million |
| 2004 | 15.89% | 21.16% | 0.44x | 1.72x | ฿34.79 Million |
| 2005 | 25.69% | 22.08% | 0.56x | 2.08x | ฿83.04 Million |
| 2006 | 16.46% | 10.82% | 0.68x | 2.25x | ฿39.31 Million |
| 2007 | 19.40% | 20.51% | 0.50x | 1.90x | ฿109.55 Million |
| 2008 | 22.79% | 18.26% | 0.57x | 2.21x | ฿151.79 Million |
| 2009 | 29.38% | 24.59% | 0.57x | 2.09x | ฿281.46 Million |
| 2010 | 40.55% | 37.88% | 0.34x | 3.17x | ฿615.16 Million |
| 2011 | 26.43% | 17.85% | 0.50x | 2.96x | ฿394.99 Million |
| 2012 | 12.02% | 7.92% | 0.53x | 2.87x | ฿50.25 Million |
| 2013 | 4.61% | 3.06% | 0.46x | 3.24x | ฿-120.25 Million |
| 2014 | 4.00% | 2.62% | 0.46x | 3.36x | ฿-123.36 Million |
| 2015 | -2.44% | -1.73% | 0.38x | 3.74x | ฿-217.92 Million |
| 2016 | 2.16% | 2.10% | 0.32x | 3.17x | ฿-172.65 Million |
| 2017 | 8.95% | 8.12% | 0.35x | 3.15x | ฿-27.48 Million |
| 2018 | 8.03% | 5.90% | 0.41x | 3.30x | ฿-50.49 Million |
| 2019 | 1.73% | 1.50% | 0.32x | 3.57x | ฿-198.02 Million |
| 2020 | -0.81% | -0.73% | 0.24x | 4.52x | ฿-224.29 Million |
| 2021 | 20.76% | 11.94% | 0.38x | 4.61x | ฿255.27 Million |
| 2022 | 47.60% | 21.09% | 0.61x | 3.71x | ฿1.28 Billion |
| 2023 | 4.19% | 3.10% | 0.40x | 3.40x | ฿-222.28 Million |
| 2024 | -0.71% | -0.46% | 0.42x | 3.73x | ฿-355.85 Million |
| 2025 | -1.76% | -1.16% | 0.38x | 3.98x | ฿-411.45 Million |
Industry Comparison
This section compares Banpu 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: $2,249,195,544
- Average return on equity (ROE) among peers: -11.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banpu Public Company Limited (BANPU) | ฿4.89 Billion | 30.30% | 1.85x | $1.41 Billion |
| Asia Green Energy Public Company Limited (AGE) | $509.57 Million | 24.95% | 3.37x | $21.00 Million |
| Lanna Resources Public Company Limited (LANNA) | $6.03 Billion | 6.82% | 0.54x | $75.08 Million |
| Unique Mining Services Public Company Limited (UMS) | $207.71 Million | -66.09% | 5.24x | $1.21 Million |