Banpu Power Public Company Limited
Banpu Power Public Company Limited engages in the generation and distribution of thermal and renewable power in Thailand, Laos, China, Japan, Vietnam, Indonesia, Australia, and the United States. It produces and sells power using solar, wind, coal, and natural gas. The company is also involved in the production and trading of steam and power; provision of solar rooftops, electric vehicles, energy… Read more
Banpu Power Public Company Limited (BPP) - Net Assets
Latest net assets as of September 2025: ฿55.17 Billion THB
Based on the latest financial reports, Banpu Power Public Company Limited (BPP) has net assets worth ฿55.17 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 (฿96.62 Billion) and total liabilities (฿41.44 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 | ฿55.17 Billion |
| % of Total Assets | 57.11% |
| Annual Growth Rate | 17.09% |
| 5-Year Change | 29.81% |
| 10-Year Change | 375.08% |
| Growth Volatility | 63.35 |
Banpu Power Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Banpu 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 Banpu Power Public Company Limited (2011–2024)
The table below shows the annual net assets of Banpu Power Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿54.49 Billion | -0.34% |
| 2023-12-31 | ฿54.68 Billion | +3.57% |
| 2022-12-31 | ฿52.79 Billion | +6.48% |
| 2021-12-31 | ฿49.58 Billion | +18.11% |
| 2020-12-31 | ฿41.98 Billion | +5.43% |
| 2019-12-31 | ฿39.82 Billion | -3.32% |
| 2018-12-31 | ฿41.18 Billion | +3.51% |
| 2017-12-31 | ฿39.78 Billion | +5.03% |
| 2016-12-31 | ฿37.88 Billion | +230.27% |
| 2015-12-31 | ฿11.47 Billion | -16.68% |
| 2014-12-31 | ฿13.77 Billion | +4.85% |
| 2013-12-31 | ฿13.13 Billion | +86.51% |
| 2012-12-31 | ฿7.04 Billion | +0.46% |
| 2011-12-31 | ฿7.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banpu 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 2131.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿16.39 Billion | 33.02% |
| Common Stock | ฿30.48 Billion | 61.41% |
| Other Comprehensive Income | ฿2.36 Billion | 4.76% |
| Other Components | ฿401.57 Million | 0.81% |
| Total Equity | ฿49.63 Billion | 100.00% |
Banpu Power Public Company Limited Competitors by Market Cap
The table below lists competitors of Banpu Power Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurotek Corp
TW:6215
|
$203.44 Million |
|
Nanjing Railway New Technology Co.Ltd.
SHE:301016
|
$203.48 Million |
|
Nanchang Mineral Systems Co. Ltd. A
SHE:001360
|
$203.49 Million |
|
GR Engineering Services Ltd
AU:GNG
|
$203.49 Million |
|
UNID Company Ltd
KO:014830
|
$203.26 Million |
|
Guangdong Jinming Machinery Co Ltd
SHE:300281
|
$203.23 Million |
|
Hung Sheng Construction Ltd
TW:2534
|
$203.16 Million |
|
Barrett Business Services Inc
NASDAQ:BBSI
|
$203.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banpu Power Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,184,700,000 to 49,628,943,000, a change of -555,757,000 (-1.1%).
- Net income of 1,746,321,000 contributed positively to equity growth.
- Dividend payments of 2,133,412,000 reduced retained earnings.
- Other comprehensive income increased equity by 498,000,000.
- Other factors decreased equity by 666,666,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.75 Billion | +3.52% |
| Dividends Paid | ฿2.13 Billion | -4.3% |
| Other Comprehensive Income | ฿498.00 Million | +1.0% |
| Other Changes | ฿-666.67 Million | -1.34% |
| Total Change | ฿- | -1.11% |
Book Value vs Market Value Analysis
This analysis compares Banpu 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: 0.75x
- 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 1.06x 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 |
|---|---|---|---|
| 2012-12-31 | ฿11.46 | ฿12.20 | x |
| 2013-12-31 | ฿1.90 | ฿12.20 | x |
| 2014-12-31 | ฿1.81 | ฿12.20 | x |
| 2015-12-31 | ฿12.88 | ฿12.20 | x |
| 2016-12-31 | ฿15.65 | ฿12.20 | x |
| 2017-12-31 | ฿12.80 | ฿12.20 | x |
| 2018-12-31 | ฿13.24 | ฿12.20 | x |
| 2019-12-31 | ฿12.81 | ฿12.20 | x |
| 2020-12-31 | ฿13.48 | ฿12.20 | x |
| 2021-12-31 | ฿14.97 | ฿12.20 | x |
| 2022-12-31 | ฿15.91 | ฿12.20 | x |
| 2023-12-31 | ฿16.47 | ฿12.20 | x |
| 2024-12-31 | ฿16.28 | ฿12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banpu 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): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.76%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.97x
- Recent ROE (3.52%) is below the historical average (14.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 20.95% | 4021.68% | 0.00x | 1.90x | ฿770.82 Million |
| 2013 | 30.83% | 31.41% | 0.30x | 3.31x | ฿1.21 Billion |
| 2014 | 38.02% | 40.23% | 0.25x | 3.79x | ฿1.54 Billion |
| 2015 | 19.13% | 36.70% | 0.19x | 2.69x | ฿990.10 Million |
| 2016 | 11.13% | 74.67% | 0.13x | 1.16x | ฿421.01 Million |
| 2017 | 10.65% | 64.72% | 0.13x | 1.22x | ฿254.01 Million |
| 2018 | 9.44% | 60.31% | 0.12x | 1.28x | ฿-228.30 Million |
| 2019 | 7.60% | 52.21% | 0.12x | 1.25x | ฿-938.92 Million |
| 2020 | 9.01% | 67.25% | 0.11x | 1.21x | ฿-408.39 Million |
| 2021 | 6.85% | 46.09% | 0.09x | 1.64x | ฿-1.44 Billion |
| 2022 | 11.84% | 23.42% | 0.32x | 1.60x | ฿890.56 Million |
| 2023 | 10.60% | 17.47% | 0.31x | 1.97x | ฿300.73 Million |
| 2024 | 3.52% | 6.76% | 0.26x | 1.97x | ฿-3.22 Billion |
Industry Comparison
This section compares Banpu 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: $24,927,492,754
- Average return on equity (ROE) among peers: 13.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banpu Power Public Company Limited (BPP) | ฿55.17 Billion | 20.95% | 0.75x | $203.29 Million |
| B.Grimm Power Public Company Limited (BGRIM) | $27.74 Billion | 6.72% | 2.63x | $260.15 Million |
| B GRIMM POWER PCL-NVDR (BGRIM-R) | $42.17 Billion | -2.13% | 3.05x | $305.79 Million |
| BANPU POWER (BPP-R) | $37.88 Billion | 10.92% | 0.13x | $144.89 Million |
| CK Power Public Company Limited (CKP-R) | $30.51 Billion | 0.18% | 0.94x | $184.04 Million |
| Green Tech Ventures PCL (GTV) | $3.21 Billion | -0.38% | 0.47x | $13.99 Million |
| Gulf Energy Development Public Company Limited (GULF) | $72.08 Billion | 8.52% | 2.41x | $7.31 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $1.16 Billion | 67.23% | 5.00x | $221.06 Million |
| Nava Nakorn Public Company Limited (NNCL) | $3.61 Billion | 11.05% | 0.25x | $24.15 Million |
| Rojana Industrial Park Public Company Limited (ROJNA) | $5.99 Billion | 15.41% | 2.29x | $93.57 Million |