Earth Tech Environment Public Company Limited
Earth Tech Environment Public Company Limited engages in the generation and distribution of electricity from industrial waste in Thailand. It operates through Power Business and Construction segments. The company operates power plants with an installed capacity of 7.0 MW in NakornLuang Industrial Estate, Nakhon Luang district, Phra Nakhon Si Ayutthaya Province; and 4.0 MW installed capacity locat… Read more
Earth Tech Environment Public Company Limited (ETC) - Net Assets
Latest net assets as of September 2025: ฿3.49 Billion THB
Based on the latest financial reports, Earth Tech Environment Public Company Limited (ETC) has net assets worth ฿3.49 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 (฿4.33 Billion) and total liabilities (฿841.10 Million). 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 | ฿3.49 Billion |
| % of Total Assets | 80.59% |
| Annual Growth Rate | 33.68% |
| 5-Year Change | 17.94% |
| 10-Year Change | N/A |
| Growth Volatility | 68.73 |
Earth Tech Environment Public Company Limited - Net Assets Trend (2015–2024)
This chart illustrates how Earth Tech Environment 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 Earth Tech Environment Public Company Limited (2015–2024)
The table below shows the annual net assets of Earth Tech Environment Public Company Limited from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.03 Billion | +3.36% |
| 2023-12-31 | ฿2.93 Billion | +1.12% |
| 2022-12-31 | ฿2.90 Billion | +4.95% |
| 2021-12-31 | ฿2.76 Billion | +7.53% |
| 2020-12-31 | ฿2.57 Billion | +187.53% |
| 2019-12-31 | ฿893.49 Million | +6.81% |
| 2018-12-31 | ฿836.56 Million | +9.43% |
| 2017-12-31 | ฿764.43 Million | +33.58% |
| 2016-12-31 | ฿572.25 Million | +157.61% |
| 2015-12-31 | ฿222.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Earth Tech Environment 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 71064151900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿682.28 Million | 22.80% |
| Other Components | ฿2.31 Billion | 77.20% |
| Total Equity | ฿2.99 Billion | 100.00% |
Earth Tech Environment Public Company Limited Competitors by Market Cap
The table below lists competitors of Earth Tech Environment Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Isofol Medical AB
ST:ISOFOL
|
$13.56 Million |
|
Painchek Ltd
AU:PCK
|
$13.56 Million |
|
Ynvisible Interactive Inc
OTCQB:YNVYF
|
$13.56 Million |
|
FM Global Logistics Holdings Bhd
KLSE:7210
|
$13.56 Million |
|
LGMS Berhad
KLSE:0249
|
$13.55 Million |
|
Opter AB
ST:OPTER
|
$13.55 Million |
|
Izotropic Corporation
OTCQB:IZOZF
|
$13.55 Million |
|
Bayview Acquisition Corp Unit
NASDAQ:BAYAU
|
$13.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Earth Tech Environment Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,900,098,975 to 2,992,643,005, a change of 92,544,030 (3.2%).
- Net income of 93,385,758 contributed positively to equity growth.
- Other comprehensive income decreased equity by 16,776,549.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿93.39 Million | +3.12% |
| Other Comprehensive Income | ฿-16.78 Million | -0.56% |
| Other Changes | ฿15.93 Million | +0.53% |
| Total Change | ฿- | 3.19% |
Book Value vs Market Value Analysis
This analysis compares Earth Tech Environment 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: 0.46x
- 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 0.95x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | ฿0.65 | ฿0.62 | x |
| 2016-12-31 | ฿0.25 | ฿0.62 | x |
| 2017-12-31 | ฿0.34 | ฿0.62 | x |
| 2018-12-31 | ฿0.37 | ฿0.62 | x |
| 2019-12-31 | ฿0.39 | ฿0.62 | x |
| 2020-12-31 | ฿1.36 | ฿0.62 | x |
| 2021-12-31 | ฿1.22 | ฿0.62 | x |
| 2022-12-31 | ฿1.28 | ฿0.62 | x |
| 2023-12-31 | ฿1.29 | ฿0.62 | x |
| 2024-12-31 | ฿1.34 | ฿0.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Earth Tech Environment 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): 3.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.41%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.72x
- Recent ROE (3.12%) is above the historical average (2.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -9.24% | -904.20% | 0.00x | 2.12x | ฿-42.74 Million |
| 2016 | -4.96% | -2026.84% | 0.00x | 2.49x | ฿-85.43 Million |
| 2017 | -0.25% | -1.03% | 0.09x | 2.68x | ฿-77.36 Million |
| 2018 | 8.12% | 20.59% | 0.14x | 2.83x | ฿-15.55 Million |
| 2019 | 6.52% | 15.88% | 0.14x | 2.94x | ฿-30.74 Million |
| 2020 | 7.62% | 29.00% | 0.17x | 1.58x | ฿-60.71 Million |
| 2021 | 6.84% | 25.66% | 0.18x | 1.45x | ฿-86.60 Million |
| 2022 | 4.57% | 17.75% | 0.16x | 1.59x | ฿-156.04 Million |
| 2023 | 1.07% | 4.38% | 0.14x | 1.76x | ฿-259.01 Million |
| 2024 | 3.12% | 12.41% | 0.15x | 1.72x | ฿-205.88 Million |
Industry Comparison
This section compares Earth Tech Environment 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: $7,835,504,032
- Average return on equity (ROE) among peers: 7.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Earth Tech Environment Public Company Limited (ETC) | ฿3.49 Billion | -9.24% | 0.24x | $13.55 Million |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| Absolute Clean Energy PCL (ACE) | $14.18 Billion | 9.04% | 0.41x | $77.52 Million |
| ABSOLUTE CLEAN ENERGY (ACE-R) | $276.78 Million | -1.23% | 37.38x | $79.91 Million |
| BBGI PCL (BBGI) | $6.50 Billion | 12.99% | 0.96x | $41.12 Million |
| BCPG Public Company Limited (BCPG) | $27.23 Billion | 7.39% | 1.16x | $229.34 Million |
| Clover Power PCL (CV) | $590.77 Million | 33.82% | 2.29x | $553.20K |
| Energy Absolute Public Company Limited (EA) | $19.52 Billion | 25.49% | 2.03x | $424.82 Million |
| Green Resources Public Company Limited (GREEN) | $767.18 Million | -4.00% | 0.36x | $7.02 Million |
| Meta Corporation Public Company Limited (META) | $1.31 Billion | -8.12% | 0.39x | $2.59 Million |