Banpu Public Company Limited (BANPU) - Net Assets
Based on the latest financial reports, Banpu Public Company Limited (BANPU) has net assets worth ฿5.18 Billion THB (≈ $161.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿14.57 Billion ≈ $454.04 Million USD) and total liabilities (฿9.39 Billion ≈ $292.56 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 BANPU PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿5.18 Billion |
| % of Total Assets | 35.57% |
| Annual Growth Rate | -1.14% |
| 5-Year Change | 57.89% |
| 10-Year Change | 78.93% |
| 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. For live market cap and overall valuation, see BANPU market cap overview.
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. Also explore BANPU year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.90 Billion ≈ $152.70 Million |
+4.21% |
| 2024-12-31 | ฿4.70 Billion ≈ $146.53 Million |
-2.62% |
| 2023-12-31 | ฿4.83 Billion ≈ $150.48 Million |
+9.51% |
| 2022-12-31 | ฿4.41 Billion ≈ $137.41 Million |
+42.08% |
| 2021-12-31 | ฿3.10 Billion ≈ $96.71 Million |
+10.22% |
| 2020-12-31 | ฿2.82 Billion ≈ $87.74 Million |
-6.19% |
| 2019-12-31 | ฿3.00 Billion ≈ $93.53 Million |
-5.48% |
| 2018-12-31 | ฿3.17 Billion ≈ $98.95 Million |
-1.13% |
| 2017-12-31 | ฿3.21 Billion ≈ $100.08 Million |
+17.27% |
| 2016-12-31 | ฿2.74 Billion ≈ $85.34 Million |
+32.58% |
| 2015-12-31 | ฿2.07 Billion ≈ $64.37 Million |
-13.95% |
| 2014-12-31 | ฿2.40 Billion ≈ $74.81 Million |
-7.41% |
| 2013-12-31 | ฿2.59 Billion ≈ $80.80 Million |
-9.00% |
| 2012-12-31 | ฿2.85 Billion ≈ $88.79 Million |
+1.45% |
| 2011-12-31 | ฿2.81 Billion ≈ $87.52 Million |
+21.99% |
| 2010-12-31 | ฿2.30 Billion ≈ $71.75 Million |
+37.20% |
| 2009-12-31 | ฿1.68 Billion ≈ $52.29 Million |
+25.72% |
| 2008-12-31 | ฿1.33 Billion ≈ $41.60 Million |
+2.00% |
| 2007-12-31 | ฿1.31 Billion ≈ $40.78 Million |
+111.06% |
| 2006-12-31 | ฿619.89 Million ≈ $19.32 Million |
+15.92% |
| 2005-12-31 | ฿534.76 Million ≈ $16.67 Million |
-10.16% |
| 2004-12-31 | ฿595.23 Million ≈ $18.55 Million |
+5.45% |
| 2003-12-31 | ฿564.48 Million ≈ $17.59 Million |
-93.62% |
| 2002-12-31 | ฿8.85 Billion ≈ $275.87 Million |
+29.94% |
| 2001-12-31 | ฿6.81 Billion ≈ $212.30 Million |
-12.31% |
| 2000-12-31 | ฿7.77 Billion ≈ $242.10 Million |
+17.55% |
| 1999-12-31 | ฿6.61 Billion ≈ $205.96 Million |
-- |
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 311387277200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.11 Billion | 88.86% |
| Common Stock | ฿317.60 Million | 9.06% |
| Other Comprehensive Income | ฿-1.17 Billion | -33.26% |
| Other Components | ฿1.24 Billion | 35.34% |
| 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 |
|---|---|
|
Alimak Hek Group AB
ST:ALIG
|
$1.39 Billion |
|
Jiangsu Zijin Rural Commercial Bank Co Ltd
SHG:601860
|
$1.39 Billion |
|
TriMas Corporation
NASDAQ:TRS
|
$1.39 Billion |
|
Guangzhou Risong Intelligent Technology Holding Co Ltd
SHG:688090
|
$1.39 Billion |
|
Jiangsu Evergreen New Material Technology Inc. Co. A
SHG:603125
|
$1.39 Billion |
|
Xinjiang Machinery Research Inst
SHE:300159
|
$1.39 Billion |
|
Anhui Guangxin Agrochemical Co Ltd
SHG:603599
|
$1.39 Billion |
|
Hubei Jianghan New Materials Co. Ltd. A
SHG:603281
|
$1.39 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 3,504,106,936, a change of 182,242,936 (5.5%).
- Net loss of 64,185,462 reduced equity.
- Dividend payments of 76,222,142 reduced retained earnings.
- Share repurchases of 7,998,766 reduced equity.
- New share issuances of 170,134,000 increased equity.
- Other comprehensive income decreased equity by 1,486,957,051.
- Other factors increased equity by 1,647,472,357.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-64.19 Million | -1.83% |
| Dividends Paid | ฿76.22 Million | -2.18% |
| Share Repurchases | ฿8.00 Million | -0.23% |
| Share Issuances | ฿170.13 Million | +4.86% |
| Other Comprehensive Income | ฿-1.49 Billion | -42.43% |
| Other Changes | ฿1.65 Billion | +47.02% |
| Total Change | ฿- | 5.49% |
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: 41.74x
- 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 107.86x to 41.74x 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 | ฿14.60 | x |
| 2004-12-31 | ฿0.14 | ฿14.60 | x |
| 2005-12-31 | ฿0.12 | ฿14.60 | x |
| 2006-12-31 | ฿0.14 | ฿14.60 | x |
| 2007-12-31 | ฿0.27 | ฿14.60 | x |
| 2008-12-31 | ฿0.28 | ฿14.60 | x |
| 2009-12-31 | ฿0.34 | ฿14.60 | x |
| 2010-12-31 | ฿0.47 | ฿14.60 | x |
| 2011-12-31 | ฿0.56 | ฿14.60 | x |
| 2012-12-31 | ฿0.58 | ฿14.60 | x |
| 2013-12-31 | ฿0.55 | ฿14.60 | x |
| 2014-12-31 | ฿0.51 | ฿14.60 | x |
| 2015-12-31 | ฿0.43 | ฿14.60 | x |
| 2016-12-31 | ฿0.50 | ฿14.60 | x |
| 2017-12-31 | ฿0.43 | ฿14.60 | x |
| 2018-12-31 | ฿0.42 | ฿14.60 | x |
| 2019-12-31 | ฿0.39 | ฿14.60 | x |
| 2020-12-31 | ฿0.35 | ฿14.60 | x |
| 2021-12-31 | ฿0.36 | ฿14.60 | x |
| 2022-12-31 | ฿0.52 | ฿14.60 | x |
| 2023-12-31 | ฿0.43 | ฿14.60 | x |
| 2024-12-31 | ฿0.39 | ฿14.60 | x |
| 2025-12-31 | ฿0.35 | ฿14.60 | 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): -1.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.17%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.98x
- Recent ROE (-1.83%) 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 | -1.83% | -1.17% | 0.39x | 3.98x | ฿-414.60 Million |
Industry Comparison
This section compares Banpu Public Company Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $25,237,623,069
- Average return on equity (ROE) among peers: 5.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banpu Public Company Limited (BANPU) | ฿5.18 Billion | 30.30% | 1.81x | $1.39 Billion |
| B.Grimm Power Public Company Limited (BGRIM) | $11.07 Billion | 2.07% | 3.19x | $1.52 Billion |
| Banpu Power Public Company Limited (BPP) | $39.82 Billion | 7.46% | 0.23x | $1.14 Billion |
| BANPU POWER (BPP-R) | $49.58 Billion | 6.31% | 0.51x | $821.71 Million |
| CK Power Public Company Limited (CKP) | $40.13 Billion | 3.35% | 0.80x | $608.13 Million |
| CK Power Public Company Limited (CKP-R) | $35.04 Billion | 1.16% | 0.91x | $689.15 Million |
| Electricity Generating Public Company Limited (EGCO) | $32.11 Billion | 12.74% | 0.91x | $2.07 Billion |
| Gulf Energy Development Public Company Limited (GULF) | $3.66 Billion | -11.77% | 1.80x | $28.41 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $13.88 Billion | 11.97% | 1.36x | $1.35 Billion |
| Nava Nakorn Public Company Limited (NNCL) | $1.85 Billion | 13.04% | 0.66x | $109.17 Million |
About 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