Better World Green Public Company Limited (BWG) - Net Assets
Based on the latest financial reports, Better World Green Public Company Limited (BWG) has net assets worth ฿6.76 Billion THB (≈ $210.79 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.30 Billion ≈ $289.89 Million USD) and total liabilities (฿2.54 Billion ≈ $79.09 Million 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 asset resilience ratio of Better World Green Public Company Limite to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿6.76 Billion |
| % of Total Assets | 72.72% |
| Annual Growth Rate | 17.35% |
| 5-Year Change | 15.92% |
| 10-Year Change | 132.19% |
| Growth Volatility | 31.17 |
Better World Green Public Company Limited - Net Assets Trend (2006–2024)
This chart illustrates how Better World Green Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore BWG total asset value for the complete picture of this company's asset base.
Annual Net Assets for Better World Green Public Company Limited (2006–2024)
The table below shows the annual net assets of Better World Green Public Company Limited from 2006 to 2024. For live valuation and market cap data, see BWG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿6.00 Billion ≈ $187.03 Million |
+7.07% |
| 2023-12-31 | ฿5.60 Billion ≈ $174.68 Million |
+4.17% |
| 2022-12-31 | ฿5.38 Billion ≈ $167.69 Million |
-1.02% |
| 2021-12-31 | ฿5.44 Billion ≈ $169.43 Million |
+5.01% |
| 2020-12-31 | ฿5.18 Billion ≈ $161.34 Million |
+43.91% |
| 2019-12-31 | ฿3.60 Billion ≈ $112.11 Million |
-7.22% |
| 2018-12-31 | ฿3.88 Billion ≈ $120.84 Million |
+4.65% |
| 2017-12-31 | ฿3.70 Billion ≈ $115.47 Million |
+5.37% |
| 2016-12-31 | ฿3.52 Billion ≈ $109.59 Million |
+36.04% |
| 2015-12-31 | ฿2.58 Billion ≈ $80.55 Million |
+37.29% |
| 2014-12-31 | ฿1.88 Billion ≈ $58.67 Million |
+13.98% |
| 2013-12-31 | ฿1.65 Billion ≈ $51.48 Million |
+23.39% |
| 2012-12-31 | ฿1.34 Billion ≈ $41.72 Million |
+4.46% |
| 2011-12-31 | ฿1.28 Billion ≈ $39.94 Million |
+84.66% |
| 2010-12-31 | ฿693.86 Million ≈ $21.63 Million |
+6.53% |
| 2009-12-31 | ฿651.33 Million ≈ $20.30 Million |
-10.97% |
| 2008-12-31 | ฿731.60 Million ≈ $22.80 Million |
+3.18% |
| 2007-12-31 | ฿709.03 Million ≈ $22.10 Million |
+110.54% |
| 2006-12-31 | ฿336.77 Million ≈ $10.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Better World Green 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 265.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿452.01 Million | 11.13% |
| Common Stock | ฿1.35 Billion | 33.26% |
| Other Comprehensive Income | ฿102.60 Million | 2.53% |
| Other Components | ฿2.16 Billion | 53.09% |
| Total Equity | ฿4.06 Billion | 100.00% |
Better World Green Public Company Limited Competitors by Market Cap
The table below lists competitors of Better World Green Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Indo Boga Sukses Tbk
JK:IBOS
|
$52.46 Million |
|
Tex-Ray Industrial Co Ltd
TW:1467
|
$52.48 Million |
|
Canterra Minerals Corporation
V:CTM
|
$52.49 Million |
|
Beforepay Group Ltd
AU:B4P
|
$52.50 Million |
|
MNC Vision Networks PT
JK:IPTV
|
$52.43 Million |
|
RYTHM, Inc.
NASDAQ:RYM
|
$52.42 Million |
|
Kelly Services B Inc
NASDAQ:KELYB
|
$52.41 Million |
|
Zegona Communications Plc
LSE:ZEG
|
$52.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Better World Green Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,740,190,437 to 4,060,396,541, a change of 320,206,104 (8.6%).
- Net income of 90,660,538 contributed positively to equity growth.
- New share issuances of 238,475,406 increased equity.
- Other comprehensive income increased equity by 4,700,421.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿90.66 Million | +2.23% |
| Share Issuances | ฿238.48 Million | +5.87% |
| Other Comprehensive Income | ฿4.70 Million | +0.12% |
| Other Changes | ฿-13.63 Million | -0.34% |
| Total Change | ฿- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares Better World Green 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: 0.38x
- 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 0.72x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿0.40 | ฿0.29 | x |
| 2007-12-31 | ฿0.60 | ฿0.29 | x |
| 2008-12-31 | ฿0.48 | ฿0.29 | x |
| 2009-12-31 | ฿0.42 | ฿0.29 | x |
| 2010-12-31 | ฿0.43 | ฿0.29 | x |
| 2011-12-31 | ฿0.61 | ฿0.29 | x |
| 2012-12-31 | ฿0.43 | ฿0.29 | x |
| 2013-12-31 | ฿0.51 | ฿0.29 | x |
| 2014-12-31 | ฿0.55 | ฿0.29 | x |
| 2015-12-31 | ฿0.55 | ฿0.29 | x |
| 2016-12-31 | ฿0.83 | ฿0.29 | x |
| 2017-12-31 | ฿0.82 | ฿0.29 | x |
| 2018-12-31 | ฿0.86 | ฿0.29 | x |
| 2019-12-31 | ฿0.80 | ฿0.29 | x |
| 2020-12-31 | ฿0.89 | ฿0.29 | x |
| 2021-12-31 | ฿0.84 | ฿0.29 | x |
| 2022-12-31 | ฿0.78 | ฿0.29 | x |
| 2023-12-31 | ฿0.76 | ฿0.29 | x |
| 2024-12-31 | ฿0.76 | ฿0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Better World Green 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): 2.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.48%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.48x
- Recent ROE (2.23%) is below the historical average (6.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 20.83% | 15.00% | 0.81x | 1.70x | ฿36.47 Million |
| 2007 | 15.07% | 18.41% | 0.63x | 1.29x | ฿35.96 Million |
| 2008 | 9.66% | 11.51% | 0.64x | 1.31x | ฿-2.47 Million |
| 2009 | -6.75% | -7.45% | 0.57x | 1.60x | ฿-108.74 Million |
| 2010 | 5.94% | 5.75% | 0.64x | 1.61x | ฿-28.00 Million |
| 2011 | 7.93% | 9.27% | 0.57x | 1.51x | ฿-25.46 Million |
| 2012 | 5.98% | 7.17% | 0.57x | 1.47x | ฿-51.02 Million |
| 2013 | 11.15% | 12.24% | 0.54x | 1.69x | ฿16.80 Million |
| 2014 | 12.07% | 13.49% | 0.53x | 1.68x | ฿34.82 Million |
| 2015 | 13.54% | 18.83% | 0.43x | 1.66x | ฿80.66 Million |
| 2016 | 11.50% | 19.34% | 0.33x | 1.78x | ฿45.77 Million |
| 2017 | 8.04% | 12.49% | 0.34x | 1.89x | ฿-61.62 Million |
| 2018 | 7.14% | 9.53% | 0.36x | 2.09x | ฿-93.76 Million |
| 2019 | 0.55% | 0.89% | 0.26x | 2.41x | ฿-288.68 Million |
| 2020 | -1.47% | -2.73% | 0.22x | 2.49x | ฿-407.07 Million |
| 2021 | -0.88% | -1.48% | 0.26x | 2.26x | ฿-400.07 Million |
| 2022 | -1.45% | -2.05% | 0.29x | 2.42x | ฿-405.32 Million |
| 2023 | -4.40% | -6.73% | 0.25x | 2.66x | ฿-538.64 Million |
| 2024 | 2.23% | 3.48% | 0.26x | 2.48x | ฿-315.38 Million |
Industry Comparison
This section compares Better World Green Public Company Limited's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $943,558,518
- Average return on equity (ROE) among peers: 3.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Better World Green Public Company Limited (BWG) | ฿6.76 Billion | 20.83% | 0.38x | $52.44 Million |
| Akkhie Prakarn Public Company Limited (AKP) | $554.09 Million | 6.25% | 0.26x | $9.57 Million |
| General Environmental Conservation Public Company Limited (GENCO) | $1.33 Billion | 0.43% | 0.13x | $10.71 Million |
About Better World Green Public Company Limited
Better World Green Public Company Limited, together with its subsidiaries, engages in integrated waste treatment and disposal of the industrial waste in Thailand. The company offers landfill disposal systems; integrated wastewater treatment systems; industrial waste water processing systems; analysis laboratory systems; and waste management consulting services. It provides engineering, transporta… Read more