CP ALL Public Company Limited (CPALL) - Net Assets

Latest as of September 2025: ฿325.02 Billion THB

Based on the latest financial reports, CP ALL Public Company Limited (CPALL) has net assets worth ฿325.02 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 (฿947.11 Billion) and total liabilities (฿622.09 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	฿325.02 Billion
% of Total Assets	34.32%
Annual Growth Rate	18.68%
5-Year Change	186.4%
10-Year Change	666.9%
Growth Volatility	42.05

CP ALL Public Company Limited - Net Assets Trend (2003–2024)

This chart illustrates how CP ALL 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 CP ALL Public Company Limited (2003–2024)

The table below shows the annual net assets of CP ALL Public Company Limited from 2003 to 2024.

Year	Net Assets	Change
2024-12-31	฿319.61 Billion	+5.97%
2023-12-31	฿301.60 Billion	+3.89%
2022-12-31	฿290.30 Billion	-0.86%
2021-12-31	฿292.81 Billion	+162.38%
2020-12-31	฿111.60 Billion	+2.98%
2019-12-31	฿108.37 Billion	+8.56%
2018-12-31	฿99.82 Billion	+24.42%
2017-12-31	฿80.23 Billion	+34.60%
2016-12-31	฿59.60 Billion	+43.02%
2015-12-31	฿41.68 Billion	+18.88%
2014-12-31	฿35.06 Billion	+6.21%
2013-12-31	฿33.01 Billion	+22.31%
2012-12-31	฿26.99 Billion	+24.37%
2011-12-31	฿21.70 Billion	+20.83%
2010-12-31	฿17.96 Billion	-5.17%
2009-12-31	฿18.94 Billion	+12.05%
2008-12-31	฿16.90 Billion	+126.31%
2007-12-31	฿7.47 Billion	-7.08%
2006-12-31	฿8.04 Billion	-23.63%
2005-12-31	฿10.52 Billion	+5.98%
2004-12-31	฿9.93 Billion	+13.35%
2003-12-31	฿8.76 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to CP ALL 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 2993.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿105.83 Billion	83.42%
Common Stock	฿8.98 Billion	7.08%
Other Comprehensive Income	฿900.00 Million	0.71%
Other Components	฿11.15 Billion	8.79%
Total Equity	฿126.86 Billion	100.00%

CP ALL Public Company Limited Competitors by Market Cap

The table below lists competitors of CP ALL Public Company Limited ranked by their market capitalization.

Company	Market Cap
The Siam Commercial Bank Public Company Limited BK:SCB-R	$13.22 Billion
Sino Biopharmaceutical Limited F:SMZ1	$13.26 Billion
ALTEOGEN Inc KQ:196170	$13.27 Billion
Toll Brothers Inc NYSE:TOL	$13.29 Billion
CNH Industrial N.V. NYSE:CNH	$13.20 Billion
CG Power and Industrial Solutions Limited NSE:CGPOWER	$13.20 Billion
Han'S Laser Tech A SHE:002008	$13.19 Billion
EDP Renovaveis LS:EDPR	$13.16 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 110,995,450,610 to 126,860,243,054, a change of 15,864,792,444 (14.3%).
Net income of 25,345,840,862 contributed positively to equity growth.
Dividend payments of 8,982,255,753 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿25.35 Billion	+19.98%
Dividends Paid	฿8.98 Billion	-7.08%
Other Changes	฿-498.79 Million	-0.39%
Total Change	฿-	14.29%

Book Value vs Market Value Analysis

This analysis compares CP ALL 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: 3.36x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 55.76x to 3.36x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿0.85	฿47.50	x
2004-12-31	฿0.88	฿47.50	x
2005-12-31	฿0.99	฿47.50	x
2006-12-31	฿0.98	฿47.50	x
2007-12-31	฿1.02	฿47.50	x
2008-12-31	฿1.87	฿47.50	x
2009-12-31	฿2.09	฿47.50	x
2010-12-31	฿1.98	฿47.50	x
2011-12-31	฿2.39	฿47.50	x
2012-12-31	฿2.98	฿47.50	x
2013-12-31	฿3.20	฿47.50	x
2014-12-31	฿3.43	฿47.50	x
2015-12-31	฿4.16	฿47.50	x
2016-12-31	฿6.14	฿47.50	x
2017-12-31	฿8.39	฿47.50	x
2018-12-31	฿9.44	฿47.50	x
2019-12-31	฿10.44	฿47.50	x
2020-12-31	฿10.77	฿47.50	x
2021-12-31	฿11.59	฿47.50	x
2022-12-31	฿11.21	฿47.50	x
2023-12-31	฿12.36	฿47.50	x
2024-12-31	฿14.12	฿47.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently CP ALL 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): 19.98%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.64%
• Asset Turnover: 1.02x
• Equity Multiplier: 7.44x
Recent ROE (19.98%) is below the historical average (24.36%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	19.19%	2.29%	2.69x	3.11x	฿641.58 Million
2004	21.59%	2.27%	2.57x	3.69x	฿910.51 Million
2005	17.18%	1.60%	2.35x	4.58x	฿630.16 Million
2006	15.30%	1.34%	2.32x	4.93x	฿461.61 Million
2007	15.94%	1.27%	2.55x	4.93x	฿544.12 Million
2008	13.68%	1.77%	3.22x	2.40x	฿615.75 Million
2009	26.64%	4.24%	2.65x	2.37x	฿3.12 Billion
2010	37.53%	4.72%	2.95x	2.70x	฿4.89 Billion
2011	37.26%	5.15%	2.81x	2.58x	฿5.86 Billion
2012	41.22%	5.84%	2.63x	2.68x	฿8.35 Billion
2013	36.61%	3.87%	0.94x	10.03x	฿7.66 Billion
2014	32.99%	2.84%	1.10x	10.60x	฿7.08 Billion
2015	36.63%	3.49%	1.19x	8.81x	฿9.95 Billion
2016	30.21%	3.84%	1.23x	6.38x	฿11.16 Billion
2017	26.43%	4.23%	1.31x	4.78x	฿12.37 Billion
2018	24.67%	4.12%	1.36x	4.41x	฿12.45 Billion
2019	23.84%	4.06%	1.47x	4.01x	฿12.97 Billion
2020	16.64%	3.06%	1.00x	5.41x	฿6.43 Billion
2021	12.47%	2.30%	0.61x	8.95x	฿2.57 Billion
2022	13.18%	1.60%	0.90x	9.17x	฿3.20 Billion
2023	16.65%	2.06%	0.97x	8.35x	฿7.38 Billion
2024	19.98%	2.64%	1.02x	7.44x	฿12.66 Billion

Industry Comparison

This section compares CP ALL Public Company Limited's net assets metrics with peer companies in the Grocery Stores industry.

Industry Context

Industry: Grocery Stores
Average net assets among peers: $155,270,084
Average return on equity (ROE) among peers: 16.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CP ALL Public Company Limited (CPALL)	฿325.02 Billion	19.19%	1.91x	$13.20 Billion
K&K Superstore Southern Public Company Limited (KK)	$90.09 Million	12.80%	2.58x	$7.53 Million
Thanapiriya Public Company Limited (TNP)	$220.45 Million	20.58%	0.74x	$71.81 Million

About CP ALL Public Company Limited

BK:CPALL Thailand Grocery Stores

Market Cap

$13.20 Billion

฿423.49 Billion THB

Market Cap Rank

#1639 Global

#10 in Thailand

Share Price

฿47.50

Change (1 day)

-0.52%

52-Week Range

฿41.00 - ฿54.50

All Time High

฿81.69