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 Generation of Electricity from Hydroelectric Power, Generation of Electricity from Solar Power, Generation of Electricity from Thermal Power, and Other segments. The company operates 3 hydro power plants with a capacity of 3,360… Read more
CK Power Public Company Limited (CKP-R) - Net Assets
Latest net assets as of June 2025: ฿40.48 Billion THB
Based on the latest financial reports, CK Power Public Company Limited (CKP-R) has net assets worth ฿40.48 Billion THB as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿75.66 Billion) and total liabilities (฿35.18 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 | ฿40.48 Billion |
| % of Total Assets | 53.5% |
| Annual Growth Rate | 3.49% |
| 5-Year Change | 14.54% |
| 10-Year Change | N/A |
| Growth Volatility | 3.92 |
CK Power Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how CK Power 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 CK Power Public Company Limited (2016–2024)
The table below shows the annual net assets of CK Power Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿40.13 Billion | +3.12% |
| 2023-12-31 | ฿38.92 Billion | +2.58% |
| 2022-12-31 | ฿37.94 Billion | +5.01% |
| 2021-12-31 | ฿36.13 Billion | +3.12% |
| 2020-12-31 | ฿35.04 Billion | -1.43% |
| 2019-12-31 | ฿35.55 Billion | +12.77% |
| 2018-12-31 | ฿31.52 Billion | +2.82% |
| 2017-12-31 | ฿30.66 Billion | +0.50% |
| 2016-12-31 | ฿30.51 Billion | -- |
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 533.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿6.77 Billion | 24.14% |
| Other Components | ฿21.28 Billion | 75.86% |
| Total Equity | ฿28.06 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 |
|---|---|
|
Dominion Lending Centres Inc
PINK:BRLGF
|
$184.06 Million |
|
TOA PAINT (THAILAND)
BK:TOA-R
|
$184.08 Million |
|
295310
KQ:295310
|
$184.11 Million |
|
The Lion Electric Company
PINK:LEVWQ
|
$184.18 Million |
|
EXMAR INH.
F:1EX
|
$184.02 Million |
|
Plum Acquisition Corp. IV Class A Ordinary Shares
NASDAQ:PLMK
|
$184.00 Million |
|
adesso SE
PINK:ADSGF
|
$184.00 Million |
|
Nouveau Monde Graphite Inc
NYSE:NMG
|
$183.97 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 2023 to 2024, total equity changed from 27,264,458,358 to 28,056,537,817, a change of 792,079,459 (2.9%).
- Net income of 1,344,536,441 contributed positively to equity growth.
- Dividend payments of 690,997,228 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.34 Billion | +4.79% |
| Dividends Paid | ฿691.00 Million | -2.46% |
| Other Changes | ฿138.54 Million | +0.49% |
| Total Change | ฿- | 2.91% |
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: 0.87x
- 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 1.25x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿2.41 | ฿3.00 | x |
| 2018-12-31 | ฿2.49 | ฿3.00 | x |
| 2019-12-31 | ฿2.90 | ฿3.00 | x |
| 2020-12-31 | ฿2.92 | ฿3.00 | x |
| 2021-12-31 | ฿3.05 | ฿3.00 | x |
| 2022-12-31 | ฿3.27 | ฿3.00 | x |
| 2023-12-31 | ฿3.35 | ฿3.00 | x |
| 2024-12-31 | ฿3.45 | ฿3.00 | 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): 4.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.17%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.58x
- Recent ROE (4.79%) is above the historical average (4.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.31% | 0.87% | 0.11x | 3.34x | ฿-1.72 Billion |
| 2017 | 0.89% | 2.31% | 0.11x | 3.41x | ฿-1.62 Billion |
| 2018 | 3.27% | 6.61% | 0.15x | 3.41x | ฿-1.23 Billion |
| 2019 | 3.27% | 9.18% | 0.13x | 2.73x | ฿-1.59 Billion |
| 2020 | 1.70% | 6.04% | 0.10x | 2.82x | ฿-1.97 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 |
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: $23,210,502,848
- Average return on equity (ROE) among peers: 10.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CK Power Public Company Limited (CKP-R) | ฿40.48 Billion | 0.31% | 0.87x | $184.04 Million |
| B.Grimm Power Public Company Limited (BGRIM) | $39.30 Billion | 9.55% | 2.33x | $264.68 Million |
| B GRIMM POWER PCL-NVDR (BGRIM-R) | $40.82 Billion | 8.37% | 2.66x | $305.79 Million |
| BANPU POWER (BPP-R) | $41.18 Billion | 9.26% | 0.25x | $144.89 Million |
| Electricity Generating Public Company Limited (EGCO) | $32.11 Billion | 12.74% | 0.91x | $766.57 Million |
| Green Tech Ventures PCL (GTV) | $3.21 Billion | -0.38% | 0.47x | $13.99 Million |
| Gulf Energy Development Public Company Limited (GULF) | $39.35 Billion | 8.77% | 1.56x | $7.28 Billion |
| Gunkul Engineering Public Company Limited (GUNKUL) | $3.36 Billion | 16.23% | 1.16x | $227.26 Million |
| Nava Nakorn Public Company Limited (NNCL) | $2.04 Billion | 16.18% | 0.66x | $24.00 Million |
| Rojana Industrial Park Public Company Limited (ROJNA) | $7.52 Billion | 10.07% | 1.76x | $92.64 Million |