Bluebik Group PCL
Bluebik Group Public Company Limited is a service provider for software design and development, management strategic consulting, strategic project management, big data implementation and data analytics in Thailand and Laos. It operates through Management Consulting, Digital Excellence and Delivery, Strategic Project Management Office, and Big Data and Advanced Analytics segments. The company offe… Read more
Bluebik Group PCL (BBIK) - Net Assets
Latest net assets as of December 2025: ฿2.14 Billion THB
Based on the latest financial reports, Bluebik Group PCL (BBIK) has net assets worth ฿2.14 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 (฿2.65 Billion) and total liabilities (฿501.25 Million). 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 | ฿2.14 Billion |
| % of Total Assets | 81.05% |
| Annual Growth Rate | 84.32% |
| 5-Year Change | 294.22% |
| 10-Year Change | N/A |
| Growth Volatility | 124.41 |
Bluebik Group PCL - Net Assets Trend (2017–2025)
This chart illustrates how Bluebik Group PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bluebik Group PCL (2017–2025)
The table below shows the annual net assets of Bluebik Group PCL from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.14 Billion | +6.89% |
| 2024-12-31 | ฿2.01 Billion | +2.02% |
| 2023-12-31 | ฿1.97 Billion | +209.05% |
| 2022-12-31 | ฿636.16 Million | +16.97% |
| 2021-12-31 | ฿543.89 Million | +394.06% |
| 2020-12-31 | ฿110.08 Million | +89.54% |
| 2019-12-31 | ฿58.08 Million | +117.79% |
| 2018-12-31 | ฿26.67 Million | +65.69% |
| 2017-12-31 | ฿16.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bluebik Group PCL'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 5588.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿858.60 Million | 40.27% |
| Other Components | ฿1.27 Billion | 59.73% |
| Total Equity | ฿2.13 Billion | 100.00% |
Bluebik Group PCL Competitors by Market Cap
The table below lists competitors of Bluebik Group PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Condor Petroleum Inc
PINK:CNPRF
|
$52.60 Million |
|
meerecompany Incorporated
KQ:049950
|
$52.60 Million |
|
Drone Delivery Canada Corp
OTCQX:TAKOF
|
$52.61 Million |
|
Daechang Forgi
KO:015230
|
$52.62 Million |
|
Sambu Const
KO:001470
|
$52.59 Million |
|
Truong Thanh Development & Construction Investment JSC
VN:TTA
|
$52.56 Million |
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$52.56 Million |
|
Hyundai Everdigm Corp
KQ:041440
|
$52.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bluebik Group PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,978,163,584 to 2,132,270,898, a change of 154,107,314 (7.8%).
- Net income of 340,734,500 contributed positively to equity growth.
- Dividend payments of 43,994,447 reduced retained earnings.
- Other factors decreased equity by 142,632,739.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿340.73 Million | +15.98% |
| Dividends Paid | ฿43.99 Million | -2.06% |
| Other Changes | ฿-142.63 Million | -6.69% |
| Total Change | ฿- | 7.79% |
Book Value vs Market Value Analysis
This analysis compares Bluebik Group PCL'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: 1.86x
- 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 123.02x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿0.16 | ฿19.80 | x |
| 2018-12-31 | ฿0.27 | ฿19.80 | x |
| 2019-12-31 | ฿0.58 | ฿19.80 | x |
| 2020-12-31 | ฿1.10 | ฿19.80 | x |
| 2021-12-31 | ฿7.31 | ฿19.80 | x |
| 2022-12-31 | ฿6.32 | ฿19.80 | x |
| 2023-12-31 | ฿17.90 | ฿19.80 | x |
| 2024-12-31 | ฿9.89 | ฿19.80 | x |
| 2025-12-31 | ฿10.66 | ฿19.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bluebik Group PCL 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): 15.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.05%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.24x
- Recent ROE (15.98%) is below the historical average (33.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 56.41% | 25.00% | 1.72x | 1.31x | ฿7.47 Million |
| 2018 | 72.06% | 14.47% | 2.15x | 2.32x | ฿16.55 Million |
| 2019 | 55.81% | 18.94% | 1.55x | 1.91x | ฿26.60 Million |
| 2020 | 39.88% | 21.89% | 1.20x | 1.52x | ฿32.89 Million |
| 2021 | 12.23% | 21.90% | 0.47x | 1.20x | ฿12.11 Million |
| 2022 | 20.12% | 22.54% | 0.70x | 1.28x | ฿63.94 Million |
| 2023 | 14.45% | 21.21% | 0.54x | 1.26x | ฿85.75 Million |
| 2024 | 15.22% | 19.99% | 0.60x | 1.26x | ฿103.29 Million |
| 2025 | 15.98% | 22.05% | 0.58x | 1.24x | ฿127.51 Million |
Industry Comparison
This section compares Bluebik Group PCL's net assets metrics with peer companies in the Consulting Services industry.
Industry Context
- Industry: Consulting Services
- Average net assets among peers: $403,109,431
- Average return on equity (ROE) among peers: 18.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bluebik Group PCL (BBIK) | ฿2.14 Billion | 56.41% | 0.23x | $52.60 Million |
| Business Online PCL (BOL) | $403.11 Million | 18.01% | 0.43x | $34.57 Million |