Global Power Synergy Public Company Limited
Global Power Synergy Public Company Limited, together with its subsidiaries, engages in the production and distribution of electricity, steam, cooling, and water for industrial, government and industrial customers in Thailand. The company operates through three segments: Independent Power Producer, Small Power Producer, and Others. It generates electricity through solar, wind, hydropower, and the… Read more
Global Power Synergy Public Company Limited (GPSC-R) - Net Assets
Latest net assets as of September 2024: ฿116.95 Billion THB
Based on the latest financial reports, Global Power Synergy Public Company Limited (GPSC-R) has net assets worth ฿116.95 Billion THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿280.34 Billion) and total liabilities (฿163.40 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 | ฿116.95 Billion |
| % of Total Assets | 41.72% |
| Annual Growth Rate | 17.04% |
| 5-Year Change | 6.67% |
| 10-Year Change | 351.7% |
| Growth Volatility | 47.27 |
Global Power Synergy Public Company Limited - Net Assets Trend (2013–2023)
This chart illustrates how Global Power Synergy 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 Global Power Synergy Public Company Limited (2013–2023)
The table below shows the annual net assets of Global Power Synergy Public Company Limited from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿117.52 Billion | +2.11% |
| 2022-12-31 | ฿115.10 Billion | -2.25% |
| 2021-12-31 | ฿117.75 Billion | +5.26% |
| 2020-12-31 | ฿111.87 Billion | +1.54% |
| 2019-12-31 | ฿110.18 Billion | +160.16% |
| 2018-12-31 | ฿42.35 Billion | +4.89% |
| 2017-12-31 | ฿40.37 Billion | +4.18% |
| 2016-12-31 | ฿38.75 Billion | +4.38% |
| 2015-12-31 | ฿37.13 Billion | +42.70% |
| 2014-12-31 | ฿26.02 Billion | +6.80% |
| 2013-12-31 | ฿24.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Power Synergy 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 145.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿25.01 Billion | 23.55% |
| Common Stock | ฿28.20 Billion | 26.55% |
| Other Comprehensive Income | ฿2.31 Billion | 2.17% |
| Other Components | ฿50.68 Billion | 47.73% |
| Total Equity | ฿106.20 Billion | 100.00% |
Global Power Synergy Public Company Limited Competitors by Market Cap
The table below lists competitors of Global Power Synergy Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KRUNGTHAI CARD FGN BA 1
F:KRTA
|
$801.94 Million |
|
Sinopep-Allsino Biopharmaceutical Co. Ltd. A
SHG:688076
|
$802.48 Million |
|
Tansun Technology Co Ltd
SHE:300872
|
$802.51 Million |
|
Banca IFIS S.p.A.
LSE:0NBX
|
$802.81 Million |
|
Yantai China Pet Foods Co Ltd
SHE:002891
|
$801.80 Million |
|
KPC Pharmaceuticals Inc
SHG:600422
|
$801.78 Million |
|
SJM Holdings Ltd
PINK:SJMHF
|
$801.54 Million |
|
Alphawave IP Group plc
PINK:AWEVF
|
$801.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Power Synergy Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 104,729,955,720 to 106,195,036,399, a change of 1,465,080,679 (1.4%).
- Net income of 3,694,215,573 contributed positively to equity growth.
- Dividend payments of 1,691,837,615 reduced retained earnings.
- Other comprehensive income increased equity by 39,554,892.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿3.69 Billion | +3.48% |
| Dividends Paid | ฿1.69 Billion | -1.59% |
| Other Comprehensive Income | ฿39.55 Million | +0.04% |
| Other Changes | ฿-576.85 Million | -0.54% |
| Total Change | ฿- | 1.40% |
Book Value vs Market Value Analysis
This analysis compares Global Power Synergy 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: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.99x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿14.23 | ฿42.50 | x |
| 2014-12-31 | ฿15.03 | ฿42.50 | x |
| 2015-12-31 | ฿23.55 | ฿42.50 | x |
| 2016-12-31 | ฿22.09 | ฿42.50 | x |
| 2017-12-31 | ฿22.92 | ฿42.50 | x |
| 2018-12-31 | ฿26.69 | ฿42.50 | x |
| 2019-12-31 | ฿55.99 | ฿42.50 | x |
| 2020-12-31 | ฿36.50 | ฿42.50 | x |
| 2021-12-31 | ฿38.43 | ฿42.50 | x |
| 2022-12-31 | ฿37.15 | ฿42.50 | x |
| 2023-12-31 | ฿37.67 | ฿42.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Power Synergy 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): 3.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.09%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.65x
- Recent ROE (3.48%) is below the historical average (5.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.80% | 4.47% | 0.59x | 1.81x | ฿-1.24 Billion |
| 2014 | 6.25% | 6.65% | 0.55x | 1.70x | ฿-947.92 Million |
| 2015 | 5.29% | 8.45% | 0.40x | 1.55x | ฿-1.69 Billion |
| 2016 | 7.27% | 13.00% | 0.36x | 1.56x | ฿-1.02 Billion |
| 2017 | 8.24% | 15.85% | 0.33x | 1.56x | ฿-680.11 Million |
| 2018 | 8.40% | 13.50% | 0.39x | 1.61x | ฿-640.01 Million |
| 2019 | 5.95% | 9.02% | 0.26x | 2.50x | ฿-4.09 Billion |
| 2020 | 7.30% | 10.79% | 0.27x | 2.49x | ฿-2.78 Billion |
| 2021 | 6.76% | 9.77% | 0.28x | 2.50x | ฿-3.51 Billion |
| 2022 | 1.39% | 1.18% | 0.43x | 2.76x | ฿-9.02 Billion |
| 2023 | 3.48% | 4.09% | 0.32x | 2.65x | ฿-6.93 Billion |
Industry Comparison
This section compares Global Power Synergy Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $14,699,723,175
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Power Synergy Public Company Limited (GPSC-R) | ฿116.95 Billion | 4.80% | 1.40x | $801.90 Million |
| Global Power Synergy PCL (GPSC) | $26.02 Billion | 6.07% | 0.65x | $626.46 Million |
| Ratch Group Public Company Limited (RATCH) | $16.19 Billion | 0.00% | 1.29x | $899.39 Million |
| Sahacogen (Chonburi) Public Company Limited (SCG) | $1.89 Billion | 16.48% | 1.60x | $11.35 Million |