BANPU POWER

BK:BPP-R Thailand Utilities - Independent Power Producers
Market Cap
$760.28 Million
฿26.36 Billion THB
Market Cap Rank
#16607 Global
#122 in Thailand
Share Price
฿8.65
Change (1 day)
+0.58%
52-Week Range
฿6.35 - ฿12.21
All Time High
฿15.27
Categories
Companies in Thailand Utilities - Independent Power Producers
About

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 (BPP-R) - Net Assets

Latest net assets as of September 2024: ฿54.65 Billion THB

Based on the latest financial reports, BANPU POWER (BPP-R) has net assets worth ฿54.65 Billion THB as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿97.35 Billion) and total liabilities (฿42.69 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 ฿54.65 Billion
% of Total Assets 56.14%
Annual Growth Rate 20.49%
5-Year Change 37.32%
10-Year Change 297.19%
Growth Volatility 67.78

BANPU POWER - Net Assets Trend (2012–2023)

This chart illustrates how BANPU POWER'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 (2012–2023)

The table below shows the annual net assets of BANPU POWER from 2012 to 2023.

Year Net Assets Change
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 --

Equity Component Analysis

This analysis shows how different components contribute to BANPU POWER'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 2624.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings ฿19.17 Billion 38.19%
Common Stock ฿30.48 Billion 60.73%
Other Comprehensive Income ฿1.87 Billion 3.72%
Total Equity ฿50.18 Billion 100.00%

BANPU POWER Competitors by Market Cap

The table below lists competitors of BANPU POWER ranked by their market capitalization.

Company Market Cap
BioInvent International AB (publ)
PINK:BOVNF
 		$144.95 Million
Ramkhamhaeng Hospital Public Company Limited
BK:RAM
 		$144.99 Million
DS DANSUK CO., LTD.
KO:017860
 		$145.02 Million
Dong-A St
KO:170900
 		$145.02 Million
Brightcove Inc
NASDAQ:BCOV
 		$144.80 Million
Repro Med Systems Inc
NASDAQ:KRMD
 		$144.79 Million
Tongyang Inc
KO:001525
 		$144.72 Million
Bin Chuan Enterprise Co Ltd
TWO:1569
 		$144.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BANPU POWER's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 48,481,217,000 to 50,184,700,000, a change of 1,703,483,000 (3.5%).
  • Net income of 5,319,199,000 contributed positively to equity growth.
  • Dividend payments of 2,133,408,000 reduced retained earnings.
  • Other comprehensive income increased equity by 136,420,000.
  • Other factors decreased equity by 1,618,728,000.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income ฿5.32 Billion +10.6%
Dividends Paid ฿2.13 Billion -4.25%
Other Comprehensive Income ฿136.42 Million +0.27%
Other Changes ฿-1.62 Billion -3.23%
Total Change ฿- 3.51%

Book Value vs Market Value Analysis

This analysis compares BANPU POWER'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: 0.53x
  • 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 0.76x to 0.53x 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 ฿8.65 x
2013-12-31 ฿1.90 ฿8.65 x
2014-12-31 ฿1.81 ฿8.65 x
2015-12-31 ฿12.88 ฿8.65 x
2016-12-31 ฿15.65 ฿8.65 x
2017-12-31 ฿12.80 ฿8.65 x
2018-12-31 ฿13.24 ฿8.65 x
2019-12-31 ฿12.81 ฿8.65 x
2020-12-31 ฿13.48 ฿8.65 x
2021-12-31 ฿14.97 ฿8.65 x
2022-12-31 ฿15.91 ฿8.65 x
2023-12-31 ฿16.47 ฿8.65 x

Capital Efficiency Dashboard

This dashboard shows how efficiently BANPU POWER 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): 10.60%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 17.47%
  • • Asset Turnover: 0.31x
  • • Equity Multiplier: 1.97x
  • Recent ROE (10.60%) is below the historical average (15.50%), 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

Industry Comparison

This section compares BANPU POWER'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: $22,527,930,128
  • Average return on equity (ROE) among peers: 9.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
BANPU POWER (BPP-R) ฿54.65 Billion 20.95% 0.78x $144.89 Million
B.Grimm Power Public Company Limited (BGRIM) $39.30 Billion 9.55% 2.33x $264.68 Million
B GRIMM POWER PCL-NVDR (BGRIM-R) $40.82 Billion 8.37% 2.66x $305.79 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