CK Power Public Company Limited (CKP) - Net Assets
Based on the latest financial reports, CK Power Public Company Limited (CKP) has net assets worth ฿43.08 Billion THB (≈ $1.34 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿76.82 Billion ≈ $2.39 Billion USD) and total liabilities (฿33.74 Billion ≈ $1.05 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 CKP financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿43.08 Billion |
| % of Total Assets | 56.08% |
| Annual Growth Rate | 59.73% |
| 5-Year Change | 19.23% |
| 10-Year Change | 41.21% |
| Growth Volatility | 9350.33 |
CK Power Public Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how CK Power Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore CKP current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for CK Power Public Company Limited (2011–2025)
The table below shows the annual net assets of CK Power Public Company Limited from 2011 to 2025. For live valuation and market cap data, see CKP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿43.08 Billion ≈ $1.34 Billion |
+7.34% |
| 2024-12-31 | ฿40.13 Billion ≈ $1.25 Billion |
+3.12% |
| 2023-12-31 | ฿38.92 Billion ≈ $1.21 Billion |
+2.58% |
| 2022-12-31 | ฿37.94 Billion ≈ $1.18 Billion |
+5.01% |
| 2021-12-31 | ฿36.13 Billion ≈ $1.13 Billion |
+3.12% |
| 2020-12-31 | ฿35.04 Billion ≈ $1.09 Billion |
-1.43% |
| 2019-12-31 | ฿35.55 Billion ≈ $1.11 Billion |
+12.77% |
| 2018-12-31 | ฿31.52 Billion ≈ $982.51 Million |
+2.82% |
| 2017-12-31 | ฿30.66 Billion ≈ $955.60 Million |
+0.50% |
| 2016-12-31 | ฿30.51 Billion ≈ $950.85 Million |
-4.11% |
| 2015-12-31 | ฿31.81 Billion ≈ $991.56 Million |
+21.87% |
| 2014-12-31 | ฿26.10 Billion ≈ $813.63 Million |
+2.71% |
| 2013-12-31 | ฿25.41 Billion ≈ $792.12 Million |
+14.10% |
| 2012-12-31 | ฿22.27 Billion ≈ $694.22 Million |
+36311.82% |
| 2011-12-31 | ฿61.17 Million ≈ $1.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CK Power 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 887192262300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿8.83 Billion | 28.86% |
| Other Components | ฿21.77 Billion | 71.14% |
| Total Equity | ฿30.61 Billion | 100.00% |
CK Power Public Company Limited Competitors by Market Cap
The table below lists competitors of CK Power Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jilin University Zhengyuan Info Tech
SHE:003029
|
$593.00 Million |
|
BRASKEM PFD ADR/2 O.N.
F:BRD
|
$593.02 Million |
|
Anhui Wantong Technology Co Ltd
SHE:002331
|
$593.08 Million |
|
HIVE Digital Technologies Ltd
NASDAQ:HIVE
|
$593.09 Million |
|
Tainan Spinning Co Ltd
TW:1440
|
$592.46 Million |
|
Zhejiang Yilida Ventilator Co Ltd
SHE:002686
|
$592.44 Million |
|
BizConf Telecom Co Ltd
SHE:300578
|
$592.16 Million |
|
Joyware Electronics Co Ltd
SHE:300270
|
$591.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CK Power Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,056,537,817 to 30,606,504,382, a change of 2,549,966,565 (9.1%).
- Net income of 2,781,824,820 contributed positively to equity growth.
- Dividend payments of 690,997,271 reduced retained earnings.
- Other comprehensive income decreased equity by 286,317,461.
- Other factors increased equity by 745,456,477.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.78 Billion | +9.09% |
| Dividends Paid | ฿691.00 Million | -2.26% |
| Other Comprehensive Income | ฿-286.32 Million | -0.94% |
| Other Changes | ฿745.46 Million | +2.44% |
| Total Change | ฿- | 9.09% |
Book Value vs Market Value Analysis
This analysis compares CK Power 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: 0.62x
- 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 210.40x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.01 | ฿2.34 | x |
| 2012-12-31 | ฿2.00 | ฿2.34 | x |
| 2013-12-31 | ฿2.31 | ฿2.34 | x |
| 2014-12-31 | ฿2.19 | ฿2.34 | x |
| 2015-12-31 | ฿2.69 | ฿2.34 | x |
| 2016-12-31 | ฿2.41 | ฿2.34 | x |
| 2017-12-31 | ฿2.41 | ฿2.34 | x |
| 2018-12-31 | ฿2.49 | ฿2.34 | x |
| 2019-12-31 | ฿3.05 | ฿2.34 | x |
| 2020-12-31 | ฿2.92 | ฿2.34 | x |
| 2021-12-31 | ฿3.05 | ฿2.34 | x |
| 2022-12-31 | ฿3.27 | ฿2.34 | x |
| 2023-12-31 | ฿3.35 | ฿2.34 | x |
| 2024-12-31 | ฿3.45 | ฿2.34 | x |
| 2025-12-31 | ฿3.76 | ฿2.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CK Power 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): 9.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.52%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.51x
- Recent ROE (9.09%) is above the historical average (-0.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -63.48% | 0.00% | 0.00x | 106.18x | ฿-44.95 Million |
| 2012 | 0.60% | 2.20% | 0.06x | 4.90x | ฿-866.94 Million |
| 2013 | 1.89% | 3.93% | 0.11x | 4.36x | ฿-940.09 Million |
| 2014 | 3.92% | 6.80% | 0.14x | 4.09x | ฿-733.00 Million |
| 2015 | 2.32% | 6.15% | 0.12x | 3.07x | ฿-1.36 Billion |
| 2016 | 0.31% | 0.88% | 0.11x | 3.34x | ฿-1.72 Billion |
| 2017 | 0.89% | 2.34% | 0.11x | 3.41x | ฿-1.62 Billion |
| 2018 | 3.27% | 6.69% | 0.14x | 3.41x | ฿-1.23 Billion |
| 2019 | 4.60% | 13.17% | 0.13x | 2.73x | ฿-1.27 Billion |
| 2020 | 0.83% | 3.03% | 0.10x | 2.82x | ฿-2.18 Billion |
| 2021 | 8.77% | 25.62% | 0.12x | 2.78x | ฿-304.36 Million |
| 2022 | 9.18% | 22.99% | 0.15x | 2.63x | ฿-218.80 Million |
| 2023 | 5.36% | 14.21% | 0.15x | 2.52x | ฿-1.26 Billion |
| 2024 | 4.79% | 13.17% | 0.14x | 2.58x | ฿-1.46 Billion |
| 2025 | 9.09% | 27.52% | 0.13x | 2.51x | ฿-278.83 Million |
Industry Comparison
This section compares CK Power Public Company Limited'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: $65,715,836,336
- Average return on equity (ROE) among peers: 8.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CK Power Public Company Limited (CKP) | ฿43.08 Billion | -63.48% | 0.78x | $592.92 Million |
| B.Grimm Power Public Company Limited (BGRIM) | $39.30 Billion | 9.55% | 2.33x | $1.09 Billion |
| Banpu Power Public Company Limited (BPP) | $7.01 Billion | 0.00% | 0.79x | $1.14 Billion |
| BANPU POWER (BPP-R) | $41.98 Billion | 8.82% | 0.18x | $821.71 Million |
| CK Power Public Company Limited (CKP-R) | $30.66 Billion | 0.52% | 0.97x | $689.15 Million |
| Electricity Generating Public Company Limited (EGCO) | $82.60 Billion | 10.07% | 1.39x | $1.90 Billion |
| Gulf Energy Development Public Company Limited (GULF) | $365.90 Billion | 0.00% | 1.11x | $28.29 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $3.12 Billion | 28.29% | 0.47x | $965.18 Million |
| Nava Nakorn Public Company Limited (NNCL) | $1.85 Billion | 13.04% | 0.66x | $99.59 Million |
| Rojana Industrial Park Public Company Limited (ROJNA) | $19.03 Billion | 10.18% | 1.52x | $330.62 Million |
About CK Power Public Company Limited
CK Power Public Company Limited, through its subsidiaries, generates and sells electricity and steam in Thailand and Lao People's Democratic Republic. It operates through three segments: Generation of Electricity from Hydroelectric Power, Generation of Electricity from Solar Power, Generation of Electricity from Thermal Power. The company operates 3 hydro power plants with a capacity of 3,360 meg… Read more