Energy Absolute Public Company Limited (EA) - Net Assets

Latest as of December 2025: ฿34.48 Billion THB ≈ $1.07 Billion USD

Based on the latest financial reports, Energy Absolute Public Company Limited (EA) has net assets worth ฿34.48 Billion THB (≈ $1.07 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 (฿90.55 Billion ≈ $2.82 Billion USD) and total liabilities (฿56.08 Billion ≈ $1.75 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 Energy Absolute Public Company Limited (EA) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿34.48 Billion
% of Total Assets	38.07%
Annual Growth Rate	32.46%
5-Year Change	-1.78%
10-Year Change	202.71%
Growth Volatility	64.85

Energy Absolute Public Company Limited - Net Assets Trend (2008–2025)

This chart illustrates how Energy Absolute Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Energy Absolute Public Company Limited balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Energy Absolute Public Company Limited (2008–2025)

The table below shows the annual net assets of Energy Absolute Public Company Limited from 2008 to 2025. For live valuation and market cap data, see Energy Absolute Public Company Limited stock valuation.

Year	Net Assets	Change
2025-12-31	฿34.48 Billion ≈ $1.07 Billion	+14.41%
2024-12-31	฿30.14 Billion ≈ $939.30 Million	-31.52%
2023-12-31	฿44.01 Billion ≈ $1.37 Billion	+6.55%
2022-12-31	฿41.30 Billion ≈ $1.29 Billion	+17.67%
2021-12-31	฿35.10 Billion ≈ $1.09 Billion	+18.48%
2020-12-31	฿29.63 Billion ≈ $923.44 Million	+19.14%
2019-12-31	฿24.87 Billion ≈ $775.07 Million	+27.41%
2018-12-31	฿19.52 Billion ≈ $608.35 Million	+32.38%
2017-12-31	฿14.74 Billion ≈ $459.55 Million	+29.45%
2016-12-31	฿11.39 Billion ≈ $355.00 Million	+33.84%
2015-12-31	฿8.51 Billion ≈ $265.25 Million	+44.30%
2014-12-31	฿5.90 Billion ≈ $183.82 Million	+35.18%
2013-12-31	฿4.36 Billion ≈ $135.98 Million	+282.07%
2012-12-31	฿1.14 Billion ≈ $35.59 Million	+12.28%
2011-12-31	฿1.02 Billion ≈ $31.70 Million	+89.00%
2010-12-31	฿538.03 Million ≈ $16.77 Million	+61.22%
2009-12-31	฿333.71 Million ≈ $10.40 Million	+15.13%
2008-12-31	฿289.85 Million ≈ $9.03 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Energy Absolute 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 78946.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿31.50 Billion	94.67%
Other Components	฿1.77 Billion	5.33%
Total Equity	฿33.27 Billion	100.00%

Energy Absolute Public Company Limited Competitors by Market Cap

The table below lists competitors of Energy Absolute Public Company Limited ranked by their market capitalization.

Company	Market Cap
SUNIC SYSTEM Co. Ltd KQ:171090	$611.13 Million
Sellas Life Sciences Group Inc NASDAQ:SLS	$611.31 Million
Suzhou Xingye Material Tech SHG:603928	$611.69 Million
Shanghai HIUV New Materials Co Ltd SHG:688680	$611.69 Million
Qingdao Citymedia Co Ltd SHG:600229	$611.03 Million
Smartgen (Zhengzhou) Technology Co. Ltd. A SHE:301361	$610.81 Million
Cass Information Systems Inc NASDAQ:CASS	$610.56 Million
Chengdu Road & Bridge Engineering Co Ltd SHE:002628	$610.44 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 31,378,040,120 to 33,267,808,918, a change of 1,889,768,798 (6.0%).
Net loss of 4,856,799,558 reduced equity.
New share issuances of 7,422,154,799 increased equity.
Other comprehensive income decreased equity by 40,200,000.
Other factors decreased equity by 635,386,443.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿-4.86 Billion	-14.6%
Share Issuances	฿7.42 Billion	+22.31%
Other Comprehensive Income	฿-40.20 Million	-0.12%
Other Changes	฿-635.39 Million	-1.91%
Total Change	฿-	6.02%

Book Value vs Market Value Analysis

This analysis compares Energy Absolute 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: 0.59x
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 8.34x to 0.59x 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	฿0.32	฿2.64	x
2012-12-31	฿0.36	฿2.64	x
2013-12-31	฿1.18	฿2.64	x
2014-12-31	฿1.58	฿2.64	x
2015-12-31	฿2.28	฿2.64	x
2016-12-31	฿3.05	฿2.64	x
2017-12-31	฿3.93	฿2.64	x
2018-12-31	฿4.86	฿2.64	x
2019-12-31	฿6.26	฿2.64	x
2020-12-31	฿7.46	฿2.64	x
2021-12-31	฿8.71	฿2.64	x
2022-12-31	฿10.44	฿2.64	x
2023-12-31	฿11.18	฿2.64	x
2024-12-31	฿8.19	฿2.64	x
2025-12-31	฿4.48	฿2.64	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Energy Absolute 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): -14.60%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -37.08%
• Asset Turnover: 0.14x
• Equity Multiplier: 2.72x
Recent ROE (-14.60%) is below the historical average (15.65%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	6.40%	1.16%	3.14x	1.75x	฿-35.47 Million
2012	9.39%	2.41%	1.74x	2.23x	฿-6.91 Million
2013	6.15%	7.05%	0.33x	2.63x	฿-168.03 Million
2014	27.29%	21.21%	0.39x	3.28x	฿1.02 Billion
2015	31.59%	29.21%	0.28x	3.89x	฿1.84 Billion
2016	28.56%	31.29%	0.25x	3.65x	฿2.11 Billion
2017	26.03%	32.97%	0.26x	3.04x	฿2.35 Billion
2018	27.43%	43.07%	0.20x	3.26x	฿3.16 Billion
2019	26.03%	40.85%	0.21x	3.01x	฿3.75 Billion
2020	18.71%	30.47%	0.22x	2.82x	฿2.42 Billion
2021	18.77%	30.24%	0.24x	2.63x	฿2.85 Billion
2022	19.53%	29.99%	0.25x	2.66x	฿3.71 Billion
2023	18.24%	25.29%	0.26x	2.74x	฿3.44 Billion
2024	-14.76%	-25.54%	0.19x	3.07x	฿-7.77 Billion
2025	-14.60%	-37.08%	0.14x	2.72x	฿-8.18 Billion

Industry Comparison

This section compares Energy Absolute Public Company Limited's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

Industry: Utilities - Renewable
Average net assets among peers: $8,985,514,175
Average return on equity (ROE) among peers: 17.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Energy Absolute Public Company Limited (EA)	฿34.48 Billion	6.40%	1.63x	$611.13 Million
BCPG Public Company Limited (BCPG)	$0.00	0.00%	0.00x	$658.30 Million
Green Resources Public Company Limited (GREEN)	$546.85 Million	17.08%	0.06x	$18.10 Million
SPCG Public Company Limited (SPCG)	$55.54 Million	34.46%	1.77x	$291.24 Million
Sermsang Power Corporation Public Company Limited (SSP)	$793.66 Million	62.81%	3.57x	$157.24 Million
Super Energy Corporation Public Company Limited (SUPER)	$21.50 Billion	3.09%	2.90x	$93.77 Million
Super Energy Corporation Public Company Limited (SUPER-R)	$14.70 Billion	2.46%	2.27x	$127.87 Million
TPC Power Holding Public Company Limited (TPCH)	$4.05 Billion	10.50%	1.14x	$21.26 Million
TPI Polene Power Public Company Limited (TPIPP)	$33.20 Billion	11.00%	0.80x	$502.70 Million
TPI POLENE POWER (TPIPP-R)	$6.03 Billion	12.32%	0.19x	$596.95 Million

About Energy Absolute Public Company Limited

BK:EA Thailand Utilities - Renewable

Market Cap

$611.13 Million

฿19.61 Billion THB

Market Cap Rank

#11509 Global

#109 in Thailand

Share Price

฿2.64

Change (1 day)

-0.75%

52-Week Range

฿2.24 - ฿3.68

All Time High

฿98.74