BCPG Public Company Limited (BCPG) - Net Assets
Based on the latest financial reports, BCPG Public Company Limited (BCPG) has net assets worth ฿28.42 Billion THB (≈ $885.95 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿57.58 Billion ≈ $1.79 Billion USD) and total liabilities (฿29.15 Billion ≈ $908.63 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 BCPG financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿28.42 Billion |
| % of Total Assets | 49.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | 4.39% |
| 10-Year Change | 110.29% |
| Growth Volatility | 35.57 |
BCPG Public Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how BCPG Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore BCPG Public Company Limited (BCPG) total assets for the complete picture of this company's asset base.
Annual Net Assets for BCPG Public Company Limited (2013–2025)
The table below shows the annual net assets of BCPG Public Company Limited from 2013 to 2025. For live valuation and market cap data, see BCPG Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿28.42 Billion ≈ $885.95 Million |
-8.09% |
| 2024-12-31 | ฿30.93 Billion ≈ $963.94 Million |
+4.44% |
| 2023-12-31 | ฿29.61 Billion ≈ $922.97 Million |
+1.15% |
| 2022-12-31 | ฿29.28 Billion ≈ $912.51 Million |
+7.52% |
| 2021-12-31 | ฿27.23 Billion ≈ $848.68 Million |
+20.75% |
| 2020-12-31 | ฿22.55 Billion ≈ $702.83 Million |
+44.96% |
| 2019-12-31 | ฿15.56 Billion ≈ $484.84 Million |
+2.73% |
| 2018-12-31 | ฿15.14 Billion ≈ $471.97 Million |
+5.38% |
| 2017-12-31 | ฿14.37 Billion ≈ $447.87 Million |
+6.30% |
| 2016-12-31 | ฿13.52 Billion ≈ $421.30 Million |
-- |
| 2015-12-31 | ฿0.00 ≈ $0.00 |
-- |
| 2014-12-31 | ฿4.80 Billion ≈ $149.71 Million |
-- |
| 2013-12-31 | ฿0.00 ≈ $0.00 |
-- |
Equity Component Analysis
This analysis shows how different components contribute to BCPG 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 722885847500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿7.23 Billion | 25.66% |
| Other Components | ฿20.94 Billion | 74.34% |
| Total Equity | ฿28.17 Billion | 100.00% |
BCPG Public Company Limited Competitors by Market Cap
The table below lists competitors of BCPG Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zheshang Development Group Co Ltd
SHE:000906
|
$658.38 Million |
|
Zhejiang Orient Gene Biotech Co Ltd
SHG:688298
|
$658.74 Million |
|
PIMCO Access Income Fund
NYSE:PAXS
|
$658.93 Million |
|
Merlin, Inc.
NASDAQ:MRLN
|
$658.94 Million |
|
Wiscom System Co Ltd
SHE:002090
|
$658.27 Million |
|
Sunny Loan Top Co Ltd
SHG:600830
|
$658.17 Million |
|
PRINC.PR.EQ.HLDGS EO-001
F:PEYA
|
$658.08 Million |
|
BCI Minerals Limited
F:BC3
|
$658.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BCPG Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,711,164,787 to 28,169,116,633, a change of -2,542,048,154 (-8.3%).
- Net income of 855,451,144 contributed positively to equity growth.
- Dividend payments of 838,805,043 reduced retained earnings.
- Other comprehensive income decreased equity by 784,912,344.
- Other factors decreased equity by 1,773,781,911.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿855.45 Million | +3.04% |
| Dividends Paid | ฿838.81 Million | -2.98% |
| Other Comprehensive Income | ฿-784.91 Million | -2.79% |
| Other Changes | ฿-1.77 Billion | -6.3% |
| Total Change | ฿- | -8.28% |
Book Value vs Market Value Analysis
This analysis compares BCPG 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: 0.75x
- 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 2.98x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿2.37 | ฿7.05 | x |
| 2015-12-31 | ฿29.89 | ฿7.05 | x |
| 2016-12-31 | ฿6.70 | ฿7.05 | x |
| 2017-12-31 | ฿7.07 | ฿7.05 | x |
| 2018-12-31 | ฿7.42 | ฿7.05 | x |
| 2019-12-31 | ฿7.66 | ฿7.05 | x |
| 2020-12-31 | ฿10.00 | ฿7.05 | x |
| 2021-12-31 | ฿9.87 | ฿7.05 | x |
| 2022-12-31 | ฿9.97 | ฿7.05 | x |
| 2023-12-31 | ฿10.10 | ฿7.05 | x |
| 2024-12-31 | ฿10.25 | ฿7.05 | x |
| 2025-12-31 | ฿9.40 | ฿7.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BCPG 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): 3.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.07%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.04x
- Recent ROE (3.04%) is below the historical average (15.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 38.74% | 69.11% | 0.22x | 2.55x | ฿1.38 Billion |
| 2015 | 53.02% | 68.91% | 0.39x | 1.97x | ฿1.69 Billion |
| 2016 | 11.40% | 49.98% | 0.12x | 1.89x | ฿189.67 Million |
| 2017 | 14.03% | 60.68% | 0.10x | 2.23x | ฿579.27 Million |
| 2018 | 14.66% | 66.84% | 0.11x | 2.08x | ฿705.02 Million |
| 2019 | 11.62% | 52.57% | 0.09x | 2.40x | ฿250.85 Million |
| 2020 | 8.51% | 45.20% | 0.08x | 2.28x | ฿-335.76 Million |
| 2021 | 7.40% | 43.07% | 0.08x | 2.16x | ฿-705.15 Million |
| 2022 | 9.00% | 48.66% | 0.10x | 1.92x | ฿-292.42 Million |
| 2023 | 3.74% | 21.67% | 0.07x | 2.51x | ฿-1.85 Billion |
| 2024 | 5.92% | 42.09% | 0.07x | 2.02x | ฿-1.25 Billion |
| 2025 | 3.04% | 24.07% | 0.06x | 2.04x | ฿-1.96 Billion |
Industry Comparison
This section compares BCPG Public Company Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $10,251,009,239
- Average return on equity (ROE) among peers: 20.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BCPG Public Company Limited (BCPG) | ฿28.42 Billion | 38.74% | 1.03x | $658.30 Million |
| Energy Absolute Public Company Limited (EA) | $11.39 Billion | 28.55% | 2.64x | $611.13 Million |
| Green Resources Public Company Limited (GREEN) | $546.85 Million | 17.08% | 0.06x | $18.10 Million |
| SPCG Public Company Limited (SPCG) | $55.54 Million | 34.46% | 1.77x | $291.24 Million |
| Sermsang Power Corporation Public Company Limited (SSP) | $793.66 Million | 62.81% | 3.57x | $157.24 Million |
| Super Energy Corporation Public Company Limited (SUPER) | $21.50 Billion | 3.09% | 2.90x | $93.77 Million |
| Super Energy Corporation Public Company Limited (SUPER-R) | $14.70 Billion | 2.46% | 2.27x | $127.87 Million |
| TPC Power Holding Public Company Limited (TPCH) | $4.05 Billion | 10.50% | 1.14x | $21.26 Million |
| TPI Polene Power Public Company Limited (TPIPP) | $33.20 Billion | 11.00% | 0.80x | $502.70 Million |
| TPI POLENE POWER (TPIPP-R) | $6.03 Billion | 12.32% | 0.19x | $596.95 Million |
About BCPG Public Company Limited
BCPG Public Company Limited, a renewable energy company, engages in the solar power, hydropower, wind power, and natural gas businesses in Thailand, Japan, Laos, and Taiwan. It operates through Production and Distribution of Electricity; and Oil Storage and Seaport Service segments. The company offers smart energy solutions, including blockchain-based peer-to-peer energy trading project; energy m… Read more