Birla Carbon (Thailand) Public Company Limited
Birla Carbon (Thailand) Public Company Limited engages in the manufacture and sale of carbon black. The company's carbon solutions are used in tires, mechanical rubber goods, plastics, inks, coatings, energy systems, adhesives and sealants, and nonocyl applications. It operates in Thailand, Vietnam, Japan, the Philippines, Indonesia, Malaysia, Pakistan, Australia, and internationally. The company… Read more
Birla Carbon (Thailand) Public Company Limited (BCT) - Net Assets
Latest net assets as of December 2025: ฿34.45 Billion THB
Based on the latest financial reports, Birla Carbon (Thailand) Public Company Limited (BCT) has net assets worth ฿34.45 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 (฿38.74 Billion) and total liabilities (฿4.29 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 | ฿34.45 Billion |
| % of Total Assets | 88.93% |
| Annual Growth Rate | 10.23% |
| 5-Year Change | 60.88% |
| 10-Year Change | 174.83% |
| Growth Volatility | 5.74 |
Birla Carbon (Thailand) Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Birla Carbon (Thailand) 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 Birla Carbon (Thailand) Public Company Limited (2003–2024)
The table below shows the annual net assets of Birla Carbon (Thailand) Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿33.48 Billion | +1.21% |
| 2023-12-31 | ฿33.08 Billion | +17.56% |
| 2022-12-31 | ฿28.14 Billion | +12.44% |
| 2021-12-31 | ฿25.02 Billion | +20.25% |
| 2020-12-31 | ฿20.81 Billion | +3.59% |
| 2019-12-31 | ฿20.09 Billion | +9.36% |
| 2018-12-31 | ฿18.37 Billion | +12.43% |
| 2017-12-31 | ฿16.34 Billion | +13.83% |
| 2016-12-31 | ฿14.35 Billion | +17.83% |
| 2015-12-31 | ฿12.18 Billion | +6.09% |
| 2014-12-31 | ฿11.48 Billion | +0.78% |
| 2013-12-31 | ฿11.39 Billion | +14.04% |
| 2012-12-31 | ฿9.99 Billion | +7.57% |
| 2011-12-31 | ฿9.29 Billion | +1.33% |
| 2010-12-31 | ฿9.17 Billion | +12.36% |
| 2009-12-31 | ฿8.16 Billion | +13.45% |
| 2008-12-31 | ฿7.19 Billion | +2.84% |
| 2007-12-31 | ฿6.99 Billion | +17.13% |
| 2006-12-31 | ฿5.97 Billion | +12.65% |
| 2005-12-31 | ฿5.30 Billion | +11.54% |
| 2004-12-31 | ฿4.75 Billion | +9.80% |
| 2003-12-31 | ฿4.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Birla Carbon (Thailand) 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 1072.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿35.18 Billion | 105.10% |
| Total Equity | ฿33.48 Billion | 100.00% |
Birla Carbon (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Birla Carbon (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AptaBio Therapeutics Inc
KQ:293780
|
$87.79 Million |
|
Kuen Chaang Uppertech
TWO:6265
|
$87.80 Million |
|
Complete Logistic Services Bhd
KLSE:5136
|
$87.86 Million |
|
AXIOS Sustainable Growth
NYSE:AXAC
|
$87.86 Million |
|
Unifique Telecomunicações S.A.
SA:FIQE3
|
$87.71 Million |
|
Korvest Ltd
AU:KOV
|
$87.70 Million |
|
VENTURE LIFE GRP LS -003
F:17V
|
$87.65 Million |
|
Panram International
TWO:8088
|
$87.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Birla Carbon (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,076,467,142 to 33,478,209,348, a change of 401,742,206 (1.2%).
- Net income of 2,457,707,103 contributed positively to equity growth.
- Dividend payments of 419,152,498 reduced retained earnings.
- Other comprehensive income decreased equity by 30,000,000.
- Other factors decreased equity by 1,606,812,399.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.46 Billion | +7.34% |
| Dividends Paid | ฿419.15 Million | -1.25% |
| Other Comprehensive Income | ฿-30.00 Million | -0.09% |
| Other Changes | ฿-1.61 Billion | -4.8% |
| Total Change | ฿- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares Birla Carbon (Thailand) 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: 0.39x
- 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 3.10x to 0.39x 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 | ฿13.88 | ฿43.00 | x |
| 2004-12-31 | ฿15.26 | ฿43.00 | x |
| 2005-12-31 | ฿17.46 | ฿43.00 | x |
| 2006-12-31 | ฿19.85 | ฿43.00 | x |
| 2007-12-31 | ฿23.14 | ฿43.00 | x |
| 2008-12-31 | ฿23.90 | ฿43.00 | x |
| 2009-12-31 | ฿27.17 | ฿43.00 | x |
| 2010-12-31 | ฿30.55 | ฿43.00 | x |
| 2011-12-31 | ฿30.98 | ฿43.00 | x |
| 2012-12-31 | ฿33.26 | ฿43.00 | x |
| 2013-12-31 | ฿37.98 | ฿43.00 | x |
| 2014-12-31 | ฿38.27 | ฿43.00 | x |
| 2015-12-31 | ฿40.61 | ฿43.00 | x |
| 2016-12-31 | ฿47.84 | ฿43.00 | x |
| 2017-12-31 | ฿54.46 | ฿43.00 | x |
| 2018-12-31 | ฿61.23 | ฿43.00 | x |
| 2019-12-31 | ฿66.96 | ฿43.00 | x |
| 2020-12-31 | ฿69.36 | ฿43.00 | x |
| 2021-12-31 | ฿83.41 | ฿43.00 | x |
| 2022-12-31 | ฿93.79 | ฿43.00 | x |
| 2023-12-31 | ฿110.25 | ฿43.00 | x |
| 2024-12-31 | ฿111.59 | ฿43.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Birla Carbon (Thailand) 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): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.48%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.11x
- Recent ROE (7.34%) is below the historical average (12.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 12.97% | 14.14% | 0.77x | 1.19x | ฿124.00 Million |
| 2004 | 13.83% | 14.31% | 0.80x | 1.20x | ฿175.49 Million |
| 2005 | 16.95% | 16.73% | 0.80x | 1.26x | ฿363.85 Million |
| 2006 | 15.67% | 12.92% | 1.00x | 1.22x | ฿337.05 Million |
| 2007 | 18.67% | 17.39% | 0.93x | 1.16x | ฿602.59 Million |
| 2008 | 6.28% | 4.86% | 1.10x | 1.18x | ฿-266.64 Million |
| 2009 | 13.18% | 18.90% | 0.61x | 1.14x | ฿259.19 Million |
| 2010 | 13.95% | 13.72% | 0.82x | 1.25x | ฿362.28 Million |
| 2011 | 8.68% | 7.45% | 0.62x | 1.88x | ฿-122.39 Million |
| 2012 | 8.27% | 8.55% | 0.59x | 1.65x | ฿-172.54 Million |
| 2013 | 9.90% | 14.48% | 0.50x | 1.37x | ฿-11.55 Million |
| 2014 | 8.65% | 15.04% | 0.45x | 1.29x | ฿-154.68 Million |
| 2015 | 7.61% | 19.17% | 0.28x | 1.39x | ฿-290.91 Million |
| 2016 | 15.97% | 45.49% | 0.26x | 1.34x | ฿857.34 Million |
| 2017 | 13.97% | 31.16% | 0.41x | 1.10x | ฿647.99 Million |
| 2018 | 14.07% | 30.23% | 0.43x | 1.08x | ฿748.03 Million |
| 2019 | 11.92% | 31.95% | 0.35x | 1.07x | ฿385.41 Million |
| 2020 | 4.98% | 20.19% | 0.23x | 1.08x | ฿-1.04 Billion |
| 2021 | 17.13% | 41.51% | 0.37x | 1.11x | ฿1.79 Billion |
| 2022 | 14.39% | 31.54% | 0.41x | 1.10x | ฿1.24 Billion |
| 2023 | 13.89% | 35.40% | 0.35x | 1.12x | ฿1.29 Billion |
| 2024 | 7.34% | 20.48% | 0.32x | 1.11x | ฿-890.11 Million |
Industry Comparison
This section compares Birla Carbon (Thailand) Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,934,894,256
- Average return on equity (ROE) among peers: 8.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Birla Carbon (Thailand) Public Company Limited (BCT) | ฿34.45 Billion | 12.97% | 0.12x | $87.76 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |
| Global Connections Public Company Limited (GC) | $366.31 Million | 29.61% | 1.58x | $20.11 Million |