Carabao Group Public Company Limited

BK:CBG Thailand Beverages - Non-Alcoholic
Market Cap
$1.06 Billion
฿36.75 Billion THB
Market Cap Rank
#12828 Global
#71 in Thailand
Share Price
฿36.75
Change (1 day)
+3.52%
52-Week Range
฿34.25 - ฿64.25
All Time High
฿146.80
Categories
Companies in Thailand Beverages - Non-Alcoholic
About

Carabao Group Public Company Limited, through its subsidiaries, manufactures, markets, distributes, and sells beverages in Thailand and internationally. The company's products primarily include carbonated and non-carbonated energy drinks, vitamin C drinks, and sport drinks, ready-to-drink coffee, and drinking water under the Carabao, Carabao Sport, and Woody C+ Lock brands. It also manufactures a… Read more

Carabao Group Public Company Limited (CBG) - Net Assets

Latest net assets as of September 2025: ฿13.96 Billion THB

Based on the latest financial reports, Carabao Group Public Company Limited (CBG) has net assets worth ฿13.96 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 (฿19.53 Billion) and total liabilities (฿5.57 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 ฿13.96 Billion
% of Total Assets 71.46%
Annual Growth Rate 25.31%
5-Year Change 28.88%
10-Year Change 106.7%
Growth Volatility 107.59

Carabao Group Public Company Limited - Net Assets Trend (2010–2024)

This chart illustrates how Carabao Group 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 Carabao Group Public Company Limited (2010–2024)

The table below shows the annual net assets of Carabao Group Public Company Limited from 2010 to 2024.

Year Net Assets Change
2024-12-31 ฿13.09 Billion +15.72%
2023-12-31 ฿11.31 Billion +7.07%
2022-12-31 ฿10.57 Billion +4.49%
2021-12-31 ฿10.11 Billion -0.46%
2020-12-31 ฿10.16 Billion +16.50%
2019-12-31 ฿8.72 Billion +18.38%
2018-12-31 ฿7.36 Billion +5.13%
2017-12-31 ฿7.01 Billion -1.33%
2016-12-31 ฿7.10 Billion +12.10%
2015-12-31 ฿6.33 Billion +5.05%
2014-12-31 ฿6.03 Billion +425.28%
2013-12-31 ฿1.15 Billion +73.63%
2012-12-31 ฿661.00 Million +20.83%
2011-12-31 ฿547.05 Million -1.61%
2010-12-31 ฿555.99 Million --

Equity Component Analysis

This analysis shows how different components contribute to Carabao Group 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 2276.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿8.46 Billion 64.05%
Common Stock ฿1.00 Billion 7.57%
Other Comprehensive Income ฿100.00 Million 0.76%
Other Components ฿3.65 Billion 27.63%
Total Equity ฿13.21 Billion 100.00%

Carabao Group Public Company Limited Competitors by Market Cap

The table below lists competitors of Carabao Group Public Company Limited ranked by their market capitalization.

Company Market Cap
Ningbo Marine Co Ltd
SHG:600798
 		$302.30 Million
Shanghai Bloom Technology Inc
SHG:603325
 		$302.30 Million
Shoe Carnival Inc
NASDAQ:SCVL
 		$302.35 Million
Wuhan Langold Real Estate Co Ltd
SHE:002305
 		$302.41 Million
HEG Limited
NSE:HEG
 		$302.12 Million
Happy Forgings Limited
NSE:HAPPYFORGE
 		$302.09 Million
Hey-Song Corp
TW:1234
 		$302.07 Million
Guangdong Green Precision Components Co. Ltd.
SHE:300968
 		$302.05 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Carabao Group Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,490,787,786 to 13,209,264,891, a change of 1,718,477,105 (15.0%).
  • Net income of 2,842,676,257 contributed positively to equity growth.
  • Dividend payments of 1,100,000,000 reduced retained earnings.
  • Other comprehensive income increased equity by 395,809,964.
  • Other factors decreased equity by 420,009,116.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿2.84 Billion +21.52%
Dividends Paid ฿1.10 Billion -8.33%
Other Comprehensive Income ฿395.81 Million +3.0%
Other Changes ฿-420.01 Million -3.18%
Total Change ฿- 14.96%

Book Value vs Market Value Analysis

This analysis compares Carabao Group 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: 2.78x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 72.17x to 2.78x 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 ฿0.51 ฿36.75 x
2013-12-31 ฿0.94 ฿36.75 x
2014-12-31 ฿8.04 ฿36.75 x
2015-12-31 ฿6.33 ฿36.75 x
2016-12-31 ฿6.87 ฿36.75 x
2017-12-31 ฿7.11 ฿36.75 x
2018-12-31 ฿7.18 ฿36.75 x
2019-12-31 ฿8.57 ฿36.75 x
2020-12-31 ฿9.96 ฿36.75 x
2021-12-31 ฿10.21 ฿36.75 x
2022-12-31 ฿10.68 ฿36.75 x
2023-12-31 ฿11.49 ฿36.75 x
2024-12-31 ฿13.21 ฿36.75 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Carabao Group 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): 21.52%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.56%
  • • Asset Turnover: 1.14x
  • • Equity Multiplier: 1.39x
  • Recent ROE (21.52%) is below the historical average (24.99%), 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 27.67% 2.84% 1.19x 8.21x ฿89.98 Million
2013 54.31% 7.46% 1.29x 5.63x ฿417.81 Million
2014 15.15% 12.26% 1.05x 1.17x ฿310.28 Million
2015 19.82% 16.19% 1.05x 1.16x ฿622.20 Million
2016 21.68% 14.95% 1.02x 1.42x ฿802.45 Million
2017 17.51% 9.65% 1.03x 1.76x ฿534.43 Million
2018 16.14% 8.01% 1.01x 2.00x ฿440.89 Million
2019 29.26% 16.78% 1.01x 1.73x ฿1.65 Billion
2020 35.41% 20.46% 1.01x 1.72x ฿2.53 Billion
2021 28.22% 16.59% 0.91x 1.88x ฿1.86 Billion
2022 21.40% 11.90% 0.96x 1.88x ฿1.22 Billion
2023 16.75% 10.21% 0.96x 1.70x ฿775.16 Million
2024 21.52% 13.56% 1.14x 1.39x ฿1.52 Billion

Industry Comparison

This section compares Carabao Group Public Company Limited's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.

Industry Context

  • Industry: Beverages - Non-Alcoholic
  • Average net assets among peers: $1,607,511,549
  • Average return on equity (ROE) among peers: 44.49%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Carabao Group Public Company Limited (CBG) ฿13.96 Billion 27.67% 0.40x $302.26 Million
Ichitan Group Public Company Limited (ICHI-R) $1.07 Billion 64.97% 4.00x $240.16 Million
OSOTSPA PCL-NVDR (OSP-R) $3.44 Billion 82.39% 3.42x $870.97 Million
Royal Plus PCL (PLUS) $361.20 Million 23.71% 1.01x $9.40 Million
Sappe Public Company Limited (SAPPE) $1.56 Billion 23.17% 0.34x $68.07 Million
Sermsuk Public Company Limited (SSC) $4.46 Billion 10.98% 0.67x $131.25 Million
T.A.C. Consumer Public Company Limited (TACC) $44.62 Million 58.03% 4.26x $72.94 Million
Tipco Foods Public Company Limited (TIPCO) $314.50 Million 48.16% 5.92x $12.02 Million