Bangchak Corporation Public Company Limited (BCP) - Net Assets

Latest as of March 2026: ฿92.23 Billion THB ≈ $2.87 Billion USD

Based on the latest financial reports, Bangchak Corporation Public Company Limited (BCP) has net assets worth ฿92.23 Billion THB (≈ $2.87 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿339.84 Billion ≈ $10.59 Billion USD) and total liabilities (฿247.60 Billion ≈ $7.72 Billion 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 tangible net worth ratio of Bangchak Corporation Public Company Limi to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿92.23 Billion
% of Total Assets	27.14%
Annual Growth Rate	15.91%
5-Year Change	20.96%
10-Year Change	91.63%
Growth Volatility	47.06

Bangchak Corporation Public Company Limited - Net Assets Trend (2001–2025)

This chart illustrates how Bangchak Corporation Public Company Limited's net assets have evolved over time, based on quarterly financial data. See BCP days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Bangchak Corporation Public Company Limited (2001–2025)

The table below shows the annual net assets of Bangchak Corporation Public Company Limited from 2001 to 2025. For live valuation and market cap data, see BCP company net worth.

Year	Net Assets	Change
2025-12-31	฿84.14 Billion ≈ $2.62 Billion	-2.70%
2024-12-31	฿86.47 Billion ≈ $2.70 Billion	-13.55%
2023-12-31	฿100.03 Billion ≈ $3.12 Billion	+19.97%
2022-12-31	฿83.38 Billion ≈ $2.60 Billion	+19.87%
2021-12-31	฿69.56 Billion ≈ $2.17 Billion	+19.28%
2020-12-31	฿58.32 Billion ≈ $1.82 Billion	-0.85%
2019-12-31	฿58.82 Billion ≈ $1.83 Billion	+18.73%
2018-12-31	฿49.54 Billion ≈ $1.54 Billion	-4.98%
2017-12-31	฿52.13 Billion ≈ $1.62 Billion	+18.73%
2016-12-31	฿43.91 Billion ≈ $1.37 Billion	+22.02%
2015-12-31	฿35.98 Billion ≈ $1.12 Billion	+5.94%
2014-12-31	฿33.97 Billion ≈ $1.06 Billion	-2.90%
2013-12-31	฿34.98 Billion ≈ $1.09 Billion	+8.22%
2012-12-31	฿32.32 Billion ≈ $1.01 Billion	+8.18%
2011-12-31	฿29.88 Billion ≈ $931.32 Million	+10.45%
2010-12-31	฿27.05 Billion ≈ $843.18 Million	+4.23%
2009-12-31	฿25.95 Billion ≈ $808.94 Million	+31.32%
2008-12-31	฿19.76 Billion ≈ $616.00 Million	-6.89%
2007-12-31	฿21.22 Billion ≈ $661.55 Million	+13.81%
2006-12-31	฿18.65 Billion ≈ $581.26 Million	+44.90%
2005-12-31	฿12.87 Billion ≈ $401.16 Million	+31.59%
2004-12-31	฿9.78 Billion ≈ $304.86 Million	+219.92%
2003-12-31	฿3.06 Billion ≈ $95.29 Million	-33.34%
2002-12-31	฿4.59 Billion ≈ $142.95 Million	+88.64%
2001-12-31	฿2.43 Billion ≈ $75.78 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bangchak Corporation 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 5803606643200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿49.68 Billion	74.22%
Common Stock	฿1.47 Billion	2.20%
Other Comprehensive Income	฿8.38 Billion	12.52%
Other Components	฿7.40 Billion	11.06%
Total Equity	฿66.94 Billion	100.00%

Bangchak Corporation Public Company Limited Competitors by Market Cap

The table below lists competitors of Bangchak Corporation Public Company Limited ranked by their market capitalization.

Company	Market Cap
RPC Inc NYSE:RES	$1.48 Billion
Tellhow Sci-Tech Co Ltd SHG:600590	$1.49 Billion
Ouster, Inc. Common Stock NYSE:OUST	$1.49 Billion
Shenzhen Edadoc Technology Co. Ltd. A SHE:301366	$1.49 Billion
Perenti Ltd AU:PRN	$1.48 Billion
Hillman Solutions Corp NASDAQ:HLMN	$1.48 Billion
Resilient Property Income Fund Ltd JSE:RES	$1.48 Billion
Inner Mongolia Lantai Industrial Co Ltd SHG:600328	$1.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bangchak Corporation Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 59,744,520,000 to 66,936,390,000, a change of 7,191,870,000 (12.0%).
Net income of 2,879,701,000 contributed positively to equity growth.
Dividend payments of 1,053,002,000 reduced retained earnings.
Other comprehensive income increased equity by 4,026,441,000.
Other factors increased equity by 1,338,730,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿2.88 Billion	+4.3%
Dividends Paid	฿1.05 Billion	-1.57%
Other Comprehensive Income	฿4.03 Billion	+6.02%
Other Changes	฿1.34 Billion	+2.0%
Total Change	฿-	12.04%

Book Value vs Market Value Analysis

This analysis compares Bangchak Corporation 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: 0.67x
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.
The price-to-book ratio has decreased from 6.98x to 0.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	฿4.66	฿32.50	x
2002-12-31	฿8.77	฿32.50	x
2003-12-31	฿5.86	฿32.50	x
2004-12-31	฿10.87	฿32.50	x
2005-12-31	฿15.26	฿32.50	x
2006-12-31	฿16.37	฿32.50	x
2007-12-31	฿16.16	฿32.50	x
2008-12-31	฿15.05	฿32.50	x
2009-12-31	฿19.70	฿32.50	x
2010-12-31	฿20.48	฿32.50	x
2011-12-31	฿22.46	฿32.50	x
2012-12-31	฿23.34	฿32.50	x
2013-12-31	฿25.22	฿32.50	x
2014-12-31	฿24.19	฿32.50	x
2015-12-31	฿25.77	฿32.50	x
2016-12-31	฿28.72	฿32.50	x
2017-12-31	฿33.15	฿32.50	x
2018-12-31	฿31.02	฿32.50	x
2019-12-31	฿37.50	฿32.50	x
2020-12-31	฿34.14	฿32.50	x
2021-12-31	฿39.37	฿32.50	x
2022-12-31	฿46.17	฿32.50	x
2023-12-31	฿52.52	฿32.50	x
2024-12-31	฿43.39	฿32.50	x
2025-12-31	฿48.40	฿32.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bangchak Corporation 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): 4.30%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.57%
• Asset Turnover: 1.69x
• Equity Multiplier: 4.46x
Recent ROE (4.30%) is above the historical average (3.36%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	-122.87%	-6.15%	1.84x	10.86x	฿-3.23 Billion
2002	11.63%	1.03%	1.80x	6.30x	฿74.98 Million
2003	-42.50%	-2.09%	2.17x	9.35x	฿-1.60 Billion
2004	26.96%	3.29%	2.33x	3.51x	฿1.66 Billion
2005	22.74%	3.38%	2.53x	2.66x	฿1.64 Billion
2006	1.05%	0.21%	2.54x	2.02x	฿-1.67 Billion
2007	8.31%	1.85%	2.12x	2.12x	฿-358.66 Million
2008	-3.81%	-0.58%	3.03x	2.15x	฿-2.73 Billion
2009	29.09%	6.92%	2.02x	2.08x	฿4.94 Billion
2010	10.46%	2.06%	2.18x	2.32x	฿124.03 Million
2011	18.87%	3.54%	2.57x	2.07x	฿2.64 Billion
2012	13.29%	2.59%	2.33x	2.20x	฿1.06 Billion
2013	13.40%	2.49%	2.58x	2.08x	฿1.18 Billion
2014	2.14%	0.39%	2.38x	2.31x	฿-2.62 Billion
2015	11.70%	2.75%	1.84x	2.31x	฿602.67 Million
2016	12.07%	3.30%	1.42x	2.57x	฿819.11 Million
2017	12.66%	3.36%	1.51x	2.50x	฿1.21 Billion
2018	5.77%	1.28%	1.64x	2.75x	฿-1.81 Billion
2019	4.82%	1.31%	1.49x	2.48x	฿-2.67 Billion
2020	-12.44%	-4.23%	0.92x	3.20x	฿-10.41 Billion
2021	14.26%	3.82%	0.99x	3.77x	฿2.28 Billion
2022	20.05%	4.03%	1.29x	3.86x	฿6.30 Billion
2023	18.35%	3.43%	1.13x	4.72x	฿6.02 Billion
2024	3.66%	0.38%	1.82x	5.30x	฿-3.79 Billion
2025	4.30%	0.57%	1.69x	4.46x	฿-3.81 Billion

Industry Comparison

This section compares Bangchak Corporation Public Company Limited'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: $49,032,770,751
Average return on equity (ROE) among peers: 4.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bangchak Corporation Public Company Limited (BCP)	฿92.23 Billion	-122.87%	2.68x	$1.48 Billion
Esso (Thailand) Public Company Limited (BSRC)	$14.36 Billion	-55.09%	3.29x	$332.25 Million
IRPC Public Company Limited (IRPC)	$70.11 Billion	-7.41%	1.63x	$1.08 Billion
IRPC Public Company Limited (IRPC-R)	$87.65 Billion	12.95%	1.11x	$814.31 Million
Sea Oil Public Company Limited (SEAOIL)	$2.57 Billion	13.89%	0.50x	$71.40 Million
Siamgas and Petrochemicals Public Company Limited (SGP)	$9.77 Billion	11.42%	1.98x	$486.92 Million
Siamgas and Petrochemicals Public Company Limited (SGP-R)	$17.12 Billion	7.70%	2.32x	$378.08 Million
Star Petroleum Refining Co Ltd (SPRC)	$42.10 Billion	21.13%	0.42x	$932.51 Million
Susco Public Company Limited (SUSCO)	$4.58 Billion	26.85%	1.15x	$61.59 Million
Thai Oil Public Company Limited (TOP)	$193.03 Billion	7.56%	1.21x	$3.05 Billion

About Bangchak Corporation Public Company Limited

BK:BCP Thailand Oil & Gas Refining & Marketing

Market Cap

$1.48 Billion

฿47.61 Billion THB

Market Cap Rank

#7431 Global

#53 in Thailand

Share Price

฿32.50

Change (1 day)

-0.76%

52-Week Range

฿25.00 - ฿40.00

All Time High

฿45.99