BANPU POWER (BPP-R) - Net Assets

Latest as of September 2024: ฿54.65 Billion THB ≈ $1.70 Billion USD

Based on the latest financial reports, BANPU POWER (BPP-R) has net assets worth ฿54.65 Billion THB (≈ $1.70 Billion USD) 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 ≈ $3.03 Billion USD) and total liabilities (฿42.69 Billion ≈ $1.33 Billion 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 BPP-R cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore BPP-R current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for BANPU POWER (2012–2023)

The table below shows the annual net assets of BANPU POWER from 2012 to 2023. For live valuation and market cap data, see BANPU POWER (BPP-R) total market value.

Year	Net Assets	Change
2023-12-31	฿54.68 Billion ≈ $1.70 Billion	+3.57%
2022-12-31	฿52.79 Billion ≈ $1.65 Billion	+6.48%
2021-12-31	฿49.58 Billion ≈ $1.55 Billion	+18.11%
2020-12-31	฿41.98 Billion ≈ $1.31 Billion	+5.43%
2019-12-31	฿39.82 Billion ≈ $1.24 Billion	-3.32%
2018-12-31	฿41.18 Billion ≈ $1.28 Billion	+3.51%
2017-12-31	฿39.78 Billion ≈ $1.24 Billion	+5.03%
2016-12-31	฿37.88 Billion ≈ $1.18 Billion	+230.27%
2015-12-31	฿11.47 Billion ≈ $357.50 Million	-16.68%
2014-12-31	฿13.77 Billion ≈ $429.07 Million	+4.85%
2013-12-31	฿13.13 Billion ≈ $409.21 Million	+86.51%
2012-12-31	฿7.04 Billion ≈ $219.40 Million	--

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
Guangdong Insight Brand Marketing Group Co Ltd SHE:300781	$822.10 Million
Haoxiangni Jujube Co Ltd SHE:002582	$822.20 Million
YoungPoong KO:000670	$822.21 Million
Yan Tai Shuang Ta Food Co Ltd SHE:002481	$823.21 Million
MLP SE XETRA:MLP	$821.56 Million
Aeva Technologies, Inc. Common Stock NASDAQ:AEVA	$821.47 Million
KMW Inc. KQ:032500	$821.46 Million
Indus Holding AG XETRA:INH	$821.23 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: $29,340,442,656
Average return on equity (ROE) among peers: 6.57%

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	$821.71 Million
B.Grimm Power Public Company Limited (BGRIM)	$42.17 Billion	-2.13%	3.05x	$1.05 Billion
Banpu Power Public Company Limited (BPP)	$49.58 Billion	6.31%	0.51x	$1.13 Billion
CK Power Public Company Limited (CKP)	$26.10 Billion	1.81%	0.89x	$587.86 Million
CK Power Public Company Limited (CKP-R)	$37.94 Billion	6.42%	0.84x	$689.15 Million
Electricity Generating Public Company Limited (EGCO)	$42.00 Billion	20.01%	0.28x	$1.85 Billion
Gulf Energy Development Public Company Limited (GULF)	$44.79 Billion	6.76%	1.76x	$26.78 Billion
Gunkul Engineering Public Company Limited (GUNKUL)	$12.48 Billion	27.35%	2.69x	$782.87 Million
Nava Nakorn Public Company Limited (NNCL)	$2.70 Billion	5.92%	0.45x	$100.23 Million
Rojana Industrial Park Public Company Limited (ROJNA)	$6.31 Billion	-13.27%	3.11x	$294.73 Million

About BANPU POWER

BK:BPP-R Thailand Utilities - Independent Power Producers

Market Cap

$821.71 Million

฿26.36 Billion THB

Market Cap Rank

#10013 Global

#85 in Thailand

Share Price

฿8.65

Change (1 day)

+0.58%

52-Week Range

฿6.35 - ฿12.21

All Time High

฿15.27