Bangchak Corporation Public Company Limited
Bangchak Corporation Public Company Limited, an energy company, engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally. It operates through six segments: Refinery and Oil Trading, Marketing, Electricity, Bio-Based Product, Natural Resource, BSRC, and Others. The company explores and produces petroleum products; produces biodies… Read more
Bangchak Corporation Public Company Limited (BCP-R) - Net Assets
Latest net assets as of June 2024: ฿104.41 Billion THB
Based on the latest financial reports, Bangchak Corporation Public Company Limited (BCP-R) has net assets worth ฿104.41 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿353.12 Billion) and total liabilities (฿248.71 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 | ฿104.41 Billion |
| % of Total Assets | 29.57% |
| Annual Growth Rate | 12.49% |
| 5-Year Change | 70.08% |
| 10-Year Change | N/A |
| Growth Volatility | 10.11 |
Bangchak Corporation Public Company Limited - Net Assets Trend (2016–2023)
This chart illustrates how Bangchak Corporation 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 Bangchak Corporation Public Company Limited (2016–2023)
The table below shows the annual net assets of Bangchak Corporation Public Company Limited from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿100.03 Billion | +19.97% |
| 2022-12-31 | ฿83.38 Billion | +19.87% |
| 2021-12-31 | ฿69.56 Billion | +19.28% |
| 2020-12-31 | ฿58.32 Billion | -0.85% |
| 2019-12-31 | ฿58.82 Billion | +18.73% |
| 2018-12-31 | ฿49.54 Billion | -4.98% |
| 2017-12-31 | ฿52.13 Billion | +18.73% |
| 2016-12-31 | ฿43.91 Billion | -- |
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 93.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿48.58 Billion | 67.37% |
| Other Components | ฿23.53 Billion | 32.63% |
| Total Equity | ฿72.11 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 |
|---|---|
|
Pilot Corporation
OTCGREY:POGHF
|
$1.02 Billion |
|
Lincoln Educational Services
NASDAQ:LINC
|
$1.02 Billion |
|
Micro Tech Nanjing Co Ltd
SHG:688029
|
$1.02 Billion |
|
Chengdu Kanghong Pharmaceuticals Group Co Ltd
SHE:002773
|
$1.02 Billion |
|
China Meheco Co Ltd
SHG:600056
|
$1.02 Billion |
|
EVEREST MED.LTD DL-0001
F:6HN
|
$1.02 Billion |
|
Juventus Football Club S.p.A
PINK:JVTSF
|
$1.02 Billion |
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$1.02 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 2022 to 2023, total equity changed from 62,703,826,016 to 72,111,706,863, a change of 9,407,880,847 (15.0%).
- Net income of 13,233,276,878 contributed positively to equity growth.
- Dividend payments of 3,222,447,316 reduced retained earnings.
- New share issuances of 558,397,086 increased equity.
- Other factors decreased equity by 1,161,345,801.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿13.23 Billion | +18.35% |
| Dividends Paid | ฿3.22 Billion | -4.47% |
| Share Issuances | ฿558.40 Million | +0.77% |
| Other Changes | ฿-1.16 Billion | -1.61% |
| Total Change | ฿- | 15.00% |
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: 0.62x
- 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 0.97x to 0.62x 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 | ฿33.15 | ฿32.25 | x |
| 2018-12-31 | ฿31.02 | ฿32.25 | x |
| 2019-12-31 | ฿37.92 | ฿32.25 | x |
| 2020-12-31 | ฿34.14 | ฿32.25 | x |
| 2021-12-31 | ฿39.37 | ฿32.25 | x |
| 2022-12-31 | ฿46.18 | ฿32.25 | x |
| 2023-12-31 | ฿52.37 | ฿32.25 | 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): 18.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.53%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 4.72x
- Recent ROE (18.35%) is above the historical average (8.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 | 3.36% | 0.91% | 1.49x | 2.48x | ฿-3.43 Billion |
| 2020 | -15.03% | -5.11% | 0.92x | 3.20x | ฿-11.60 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% | 3.53% | 1.10x | 4.72x | ฿6.02 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: $32,455,311,470
- Average return on equity (ROE) among peers: 17.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangchak Corporation Public Company Limited (BCP-R) | ฿104.41 Billion | 12.07% | 2.38x | $1.02 Billion |
| ATLAS (ATLAS) | $1.44 Billion | 19.77% | 4.80x | $22.20 Million |
| Esso (Thailand) Public Company Limited (BSRC) | $20.75 Billion | 32.04% | 1.85x | $53.08 Million |
| IRPC Public Company Limited (IRPC) | $83.40 Billion | -1.37% | 1.13x | $411.27 Million |
| PTT Oil and Retail Business Public Company Limited (OR) | $99.87 Billion | 11.49% | 1.08x | $937.47 Million |
| PTT OIL & RETAIL BUSINE-NVDR (OR-R) | $38.71 Billion | 28.15% | 2.93x | $1.16 Billion |
| Premier Tank Corp. PCL (PTC) | $902.73 Million | 5.20% | 0.02x | $3.24 Million |
| Sea Oil Public Company Limited (SEAOIL) | $164.21 Million | 27.79% | 1.39x | $31.65 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $10.13 Billion | 8.60% | 2.53x | $103.31 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $36.72 Billion | 22.40% | 0.66x | $367.39 Million |