Esso (Thailand) Public Company Limited (BSRC) - Net Assets
Based on the latest financial reports, Esso (Thailand) Public Company Limited (BSRC) has net assets worth ฿23.21 Billion THB (≈ $723.29 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿59.89 Billion ≈ $1.87 Billion USD) and total liabilities (฿36.69 Billion ≈ $1.14 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 BSRC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿23.21 Billion |
| % of Total Assets | 38.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | 75.36% |
| 10-Year Change | 82.88% |
| Growth Volatility | 25.41 |
Esso (Thailand) Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Esso (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Esso (Thailand) Public Company Limited (BSRC) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Esso (Thailand) Public Company Limited (2005–2024)
The table below shows the annual net assets of Esso (Thailand) Public Company Limited from 2005 to 2024. For live valuation and market cap data, see BSRC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿25.18 Billion ≈ $784.87 Million |
-9.95% |
| 2023-12-31 | ฿27.96 Billion ≈ $871.58 Million |
+2.79% |
| 2022-12-31 | ฿27.20 Billion ≈ $847.93 Million |
+41.63% |
| 2021-12-31 | ฿19.21 Billion ≈ $598.71 Million |
+33.77% |
| 2020-12-31 | ฿14.36 Billion ≈ $447.57 Million |
-35.08% |
| 2019-12-31 | ฿22.12 Billion ≈ $689.40 Million |
-14.38% |
| 2018-12-31 | ฿25.83 Billion ≈ $805.16 Million |
-8.34% |
| 2017-12-31 | ฿28.18 Billion ≈ $878.42 Million |
+35.80% |
| 2016-12-31 | ฿20.75 Billion ≈ $646.83 Million |
+50.72% |
| 2015-12-31 | ฿13.77 Billion ≈ $429.17 Million |
+11.58% |
| 2014-12-31 | ฿12.34 Billion ≈ $384.64 Million |
-45.35% |
| 2013-12-31 | ฿22.58 Billion ≈ $703.77 Million |
-1.54% |
| 2012-12-31 | ฿22.93 Billion ≈ $714.77 Million |
-6.55% |
| 2011-12-31 | ฿24.54 Billion ≈ $764.86 Million |
-1.56% |
| 2010-12-31 | ฿24.93 Billion ≈ $777.00 Million |
+3.55% |
| 2009-12-31 | ฿24.07 Billion ≈ $750.40 Million |
+17.90% |
| 2008-12-31 | ฿20.42 Billion ≈ $636.47 Million |
-16.29% |
| 2007-12-31 | ฿24.39 Billion ≈ $760.34 Million |
+791.24% |
| 2006-12-31 | ฿-3.53 Billion ≈ $-110.00 Million |
+34.50% |
| 2005-12-31 | ฿-5.39 Billion ≈ $-167.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Esso (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 decreased by 76.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿2.61 Billion | 10.37% |
| Common Stock | ฿17.08 Billion | 67.81% |
| Other Comprehensive Income | ฿1.37 Billion | 5.42% |
| Other Components | ฿4.13 Billion | 16.40% |
| Total Equity | ฿25.18 Billion | 100.00% |
Esso (Thailand) Public Company Limited Competitors by Market Cap
The table below lists competitors of Esso (Thailand) Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maui Land & Pineapple Company Inc
NYSE:MLP
|
$332.27 Million |
|
ADD Industry Zhejiang Co Ltd
SHG:603089
|
$332.63 Million |
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$332.73 Million |
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$332.73 Million |
|
China Bicycle Co Holdings Ltd
SHE:000017
|
$332.21 Million |
|
Xinjiang Talimu Agriculture Development Co Ltd
SHG:600359
|
$332.17 Million |
|
Lowland Investment Co
LSE:LWI
|
$332.16 Million |
|
MPS Limited
NSE:MPSLTD
|
$332.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Esso (Thailand) Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,955,584,000 to 25,180,931,000, a change of -2,774,653,000 (-9.9%).
- Net loss of 1,688,643,000 reduced equity.
- Dividend payments of 1,142,083,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-1.69 Billion | -6.71% |
| Dividends Paid | ฿1.14 Billion | -4.54% |
| Other Changes | ฿56.07 Million | +0.22% |
| Total Change | ฿- | -9.93% |
Book Value vs Market Value Analysis
This analysis compares Esso (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: 0.42x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿5.99 | ฿3.08 | x |
| 2017-12-31 | ฿8.14 | ฿3.08 | x |
| 2018-12-31 | ฿7.46 | ฿3.08 | x |
| 2019-12-31 | ฿6.39 | ฿3.08 | x |
| 2020-12-31 | ฿4.15 | ฿3.08 | x |
| 2021-12-31 | ฿5.55 | ฿3.08 | x |
| 2022-12-31 | ฿7.86 | ฿3.08 | x |
| 2023-12-31 | ฿8.08 | ฿3.08 | x |
| 2024-12-31 | ฿7.28 | ฿3.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Esso (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): -6.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.71%
- • Asset Turnover: 3.63x
- • Equity Multiplier: 2.61x
- Recent ROE (-6.71%) is below the historical average (2.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 28.92% | 3.53% | 2.82x | 2.90x | ฿4.61 Billion |
| 2009 | 18.49% | 2.73% | 2.63x | 2.58x | ฿2.04 Billion |
| 2010 | 6.63% | 0.92% | 2.69x | 2.68x | ฿-838.83 Million |
| 2011 | 3.83% | 0.46% | 2.79x | 3.01x | ฿-1.51 Billion |
| 2013 | -1.68% | -0.16% | 3.27x | 3.28x | ฿-2.64 Billion |
| 2014 | -83.57% | -4.72% | 3.42x | 5.18x | ฿-11.54 Billion |
| 2015 | 12.35% | 1.00% | 2.99x | 4.12x | ฿324.06 Million |
| 2016 | 32.05% | 4.40% | 2.56x | 2.85x | ฿4.57 Billion |
| 2017 | 25.87% | 4.08% | 3.01x | 2.11x | ฿4.47 Billion |
| 2018 | 8.62% | 1.11% | 3.24x | 2.40x | ฿-357.30 Million |
| 2019 | -13.87% | -1.81% | 2.54x | 3.01x | ฿-5.28 Billion |
| 2020 | -55.12% | -6.25% | 2.05x | 4.30x | ฿-9.35 Billion |
| 2021 | 23.14% | 2.57% | 2.46x | 3.66x | ฿2.52 Billion |
| 2022 | 34.96% | 3.62% | 3.07x | 3.15x | ฿6.79 Billion |
| 2023 | 7.66% | 0.93% | 3.24x | 2.53x | ฿-654.03 Million |
| 2024 | -6.71% | -0.71% | 3.63x | 2.61x | ฿-4.21 Billion |
Industry Comparison
This section compares Esso (Thailand) Public Company Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $53,972,272,786
- Average return on equity (ROE) among peers: 10.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Esso (Thailand) Public Company Limited (BSRC) | ฿23.21 Billion | 28.92% | 1.58x | $332.25 Million |
| Bangchak Corporation Public Company Limited (BCP) | $58.82 Billion | 4.23% | 1.17x | $1.52 Billion |
| IRPC Public Company Limited (IRPC) | $70.11 Billion | -7.41% | 1.63x | $1.07 Billion |
| IRPC Public Company Limited (IRPC-R) | $87.65 Billion | 12.95% | 1.11x | $814.31 Million |
| Sea Oil Public Company Limited (SEAOIL) | $2.57 Billion | 13.89% | 0.50x | $71.40 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $9.77 Billion | 11.42% | 1.98x | $472.60 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP-R) | $17.12 Billion | 7.70% | 2.32x | $378.08 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $42.10 Billion | 21.13% | 0.42x | $946.02 Million |
| Susco Public Company Limited (SUSCO) | $4.58 Billion | 26.85% | 1.15x | $61.59 Million |
| Thai Oil Public Company Limited (TOP) | $193.03 Billion | 7.56% | 1.21x | $3.10 Billion |
About Esso (Thailand) Public Company Limited
Bangchak Sriracha Public Company Limited refines and markets petroleum products in Thailand. The company provides liquefied petroleum gas, gasoline, jet fuel, kerosene, diesel, fuel oil, asphalt, and lubricants, as well as marine fuels. It sells refined petroleum products through retail service stations under the Bangchak brand; and directly to commercial customers in the industrial, wholesale, a… Read more