B.Grimm Power Public Company Limited
B.Grimm Power Public Company Limited, an energy company, with its subsidiaries, engages in the development, financing, construction, and operation of green-field power plants in Thailand and internationally. It operates in two segments, Electricity Generating and Other Businesses. The Electricity Generation segment generates and distributes electricity for the government sectors and industrial us… Read more
B.Grimm Power Public Company Limited (BGRIM) - Net Assets
Latest net assets as of September 2025: ฿50.02 Billion THB
Based on the latest financial reports, B.Grimm Power Public Company Limited (BGRIM) has net assets worth ฿50.02 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿180.77 Billion) and total liabilities (฿130.75 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 | ฿50.02 Billion |
| % of Total Assets | 27.67% |
| Annual Growth Rate | 14.92% |
| 5-Year Change | 31.47% |
| 10-Year Change | 628.79% |
| Growth Volatility | 40.4 |
B.Grimm Power Public Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how B.Grimm Power 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 B.Grimm Power Public Company Limited (2013–2024)
The table below shows the annual net assets of B.Grimm Power Public Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿51.67 Billion | -1.96% |
| 2023-12-31 | ฿52.70 Billion | +24.98% |
| 2022-12-31 | ฿42.17 Billion | +3.31% |
| 2021-12-31 | ฿40.82 Billion | +3.85% |
| 2020-12-31 | ฿39.30 Billion | +1.62% |
| 2019-12-31 | ฿38.68 Billion | +39.43% |
| 2018-12-31 | ฿27.74 Billion | +7.75% |
| 2017-12-31 | ฿25.74 Billion | +123.20% |
| 2016-12-31 | ฿11.53 Billion | +62.68% |
| 2015-12-31 | ฿7.09 Billion | -35.95% |
| 2014-12-31 | ฿11.07 Billion | -1.11% |
| 2013-12-31 | ฿11.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to B.Grimm Power 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 124.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿5.18 Billion | 14.35% |
| Common Stock | ฿5.21 Billion | 14.45% |
| Other Comprehensive Income | ฿585.03 Million | 1.62% |
| Other Components | ฿25.11 Billion | 69.58% |
| Total Equity | ฿36.09 Billion | 100.00% |
B.Grimm Power Public Company Limited Competitors by Market Cap
The table below lists competitors of B.Grimm Power Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tellgen Corp
SHE:300642
|
$264.70 Million |
|
Zhejiang Wellsun Intelligent Tech
SHE:300882
|
$264.71 Million |
|
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A
SHG:603173
|
$264.71 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$264.73 Million |
|
PYC Therapeutics Ltd
AU:PYC
|
$264.67 Million |
|
Jiangsu Feymer Technology Co Ltd
SHG:688350
|
$264.42 Million |
|
MARAVAI LIFESC.HLD.A -01
F:MAR
|
$264.39 Million |
|
Ginwa Enterprise Group Inc
SHG:600080
|
$264.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in B.Grimm Power Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 38,128,073,343 to 36,086,179,750, a change of -2,041,893,593 (-5.4%).
- Net income of 1,556,871,224 contributed positively to equity growth.
- Dividend payments of 938,484,000 reduced retained earnings.
- Other factors decreased equity by 2,660,280,817.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.56 Billion | +4.31% |
| Dividends Paid | ฿938.48 Million | -2.6% |
| Other Changes | ฿-2.66 Billion | -7.37% |
| Total Change | ฿- | -5.36% |
Book Value vs Market Value Analysis
This analysis compares B.Grimm Power 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: 0.85x
- 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 7.28x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿1.61 | ฿11.70 | x |
| 2014-12-31 | ฿1.73 | ฿11.70 | x |
| 2015-12-31 | ฿1.43 | ฿11.70 | x |
| 2016-12-31 | ฿3.08 | ฿11.70 | x |
| 2017-12-31 | ฿8.43 | ฿11.70 | x |
| 2018-12-31 | ฿7.39 | ฿11.70 | x |
| 2019-12-31 | ฿10.80 | ฿11.70 | x |
| 2020-12-31 | ฿10.54 | ฿11.70 | x |
| 2021-12-31 | ฿11.31 | ฿11.70 | x |
| 2022-12-31 | ฿11.40 | ฿11.70 | x |
| 2023-12-31 | ฿14.63 | ฿11.70 | x |
| 2024-12-31 | ฿13.84 | ฿11.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently B.Grimm Power 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): 4.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.79%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 5.01x
- Recent ROE (4.31%) is below the historical average (8.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -0.42% | -0.09% | 0.40x | 11.16x | ฿-320.09 Million |
| 2014 | 6.95% | 1.16% | 0.43x | 14.03x | ฿-100.67 Million |
| 2015 | 1.32% | 0.15% | 0.38x | 22.88x | ฿-238.16 Million |
| 2016 | 23.39% | 4.97% | 0.36x | 12.89x | ฿790.23 Million |
| 2017 | 11.40% | 6.76% | 0.35x | 4.78x | ฿261.39 Million |
| 2018 | 9.68% | 5.09% | 0.36x | 5.23x | ฿-62.54 Million |
| 2019 | 14.13% | 9.01% | 0.36x | 4.32x | ฿1.16 Billion |
| 2020 | 13.67% | 8.52% | 0.34x | 4.76x | ฿1.01 Billion |
| 2021 | 11.60% | 7.33% | 0.31x | 5.06x | ฿470.08 Million |
| 2022 | -3.02% | -1.44% | 0.37x | 5.74x | ฿-3.87 Billion |
| 2023 | 4.94% | 3.30% | 0.32x | 4.64x | ฿-1.93 Billion |
| 2024 | 4.31% | 2.79% | 0.31x | 5.01x | ฿-2.05 Billion |
Industry Comparison
This section compares B.Grimm Power Public Company Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $22,736,492,325
- Average return on equity (ROE) among peers: 9.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| B.Grimm Power Public Company Limited (BGRIM) | ฿50.02 Billion | -0.42% | 2.61x | $264.68 Million |
| B GRIMM POWER PCL-NVDR (BGRIM-R) | $40.82 Billion | 8.37% | 2.66x | $305.79 Million |
| BANPU POWER (BPP-R) | $41.18 Billion | 9.26% | 0.25x | $144.89 Million |
| CK Power Public Company Limited (CKP-R) | $35.04 Billion | 1.16% | 0.91x | $184.04 Million |
| Electricity Generating Public Company Limited (EGCO) | $32.11 Billion | 12.74% | 0.91x | $766.57 Million |
| Green Tech Ventures PCL (GTV) | $3.21 Billion | -0.38% | 0.47x | $13.99 Million |
| Gulf Energy Development Public Company Limited (GULF) | $39.35 Billion | 8.77% | 1.56x | $7.28 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $3.36 Billion | 16.23% | 1.16x | $227.26 Million |
| Nava Nakorn Public Company Limited (NNCL) | $2.04 Billion | 16.18% | 0.66x | $24.00 Million |
| Rojana Industrial Park Public Company Limited (ROJNA) | $7.52 Billion | 10.07% | 1.76x | $92.64 Million |