GULF ENERGY DEVELOPMENT-NVDR
Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. The company generates electricity through gas-fired, solar, biomass, and wind power projects under the independent power producers and small power producers. It undertakes infrastructure projects; distributes, supplies, and sells natural gas; and operate… Read more
GULF ENERGY DEVELOPMENT-NVDR (GULF-R) - Net Assets
Latest net assets as of September 2024: ฿148.42 Billion THB
Based on the latest financial reports, GULF ENERGY DEVELOPMENT-NVDR (GULF-R) has net assets worth ฿148.42 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 (฿486.84 Billion) and total liabilities (฿338.42 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 | ฿148.42 Billion |
| % of Total Assets | 30.49% |
| Annual Growth Rate | 50.4% |
| 5-Year Change | 193.85% |
| 10-Year Change | N/A |
| Growth Volatility | 289.85 |
GULF ENERGY DEVELOPMENT-NVDR - Net Assets Trend (2014–2023)
This chart illustrates how GULF ENERGY DEVELOPMENT-NVDR's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GULF ENERGY DEVELOPMENT-NVDR (2014–2023)
The table below shows the annual net assets of GULF ENERGY DEVELOPMENT-NVDR from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿144.10 Billion | +6.11% |
| 2022-12-31 | ฿135.80 Billion | +26.32% |
| 2021-12-31 | ฿107.51 Billion | +49.15% |
| 2020-12-31 | ฿72.08 Billion | +46.98% |
| 2019-12-31 | ฿49.04 Billion | +9.49% |
| 2018-12-31 | ฿44.79 Billion | +13.83% |
| 2017-12-31 | ฿39.35 Billion | +940.30% |
| 2016-12-31 | ฿3.78 Billion | +51.60% |
| 2015-12-31 | ฿2.49 Billion | -31.85% |
| 2014-12-31 | ฿3.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GULF ENERGY DEVELOPMENT-NVDR'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 5190625719800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿50.89 Billion | 43.65% |
| Common Stock | ฿11.73 Billion | 10.06% |
| Other Comprehensive Income | ฿2.14 Billion | 1.83% |
| Other Components | ฿51.82 Billion | 44.45% |
| Total Equity | ฿116.58 Billion | 100.00% |
GULF ENERGY DEVELOPMENT-NVDR Competitors by Market Cap
The table below lists competitors of GULF ENERGY DEVELOPMENT-NVDR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Commerce Bancshares Inc
NASDAQ:CBSH
|
$6.05 Billion |
|
Repligen Corporation
NASDAQ:RGEN
|
$6.06 Billion |
|
Lear Corporation
NYSE:LEA
|
$6.07 Billion |
|
Hyundai Glovis
KO:086280
|
$6.07 Billion |
|
R1 RCM Inc
NASDAQ:RCM
|
$6.04 Billion |
|
SSAB AB ser. B
HE:SSABBH
|
$6.04 Billion |
|
IMI plc
PINK:IMIAF
|
$6.04 Billion |
|
Jefferies Financial Group Inc
NYSE:JEF
|
$6.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GULF ENERGY DEVELOPMENT-NVDR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 110,786,964,697 to 116,584,981,970, a change of 5,798,017,273 (5.2%).
- Net income of 14,857,733,913 contributed positively to equity growth.
- Dividend payments of 7,039,692,461 reduced retained earnings.
- Share repurchases of 1,378,342,800 reduced equity.
- Other comprehensive income decreased equity by 1,716,226,469.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿14.86 Billion | +12.74% |
| Dividends Paid | ฿7.04 Billion | -6.04% |
| Share Repurchases | ฿1.38 Billion | -1.18% |
| Other Comprehensive Income | ฿-1.72 Billion | -1.47% |
| Other Changes | ฿1.07 Billion | +0.92% |
| Total Change | ฿- | 5.23% |
Book Value vs Market Value Analysis
This analysis compares GULF ENERGY DEVELOPMENT-NVDR'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: 4.70x
- 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 181.19x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.26 | ฿46.75 | x |
| 2015-12-31 | ฿0.16 | ฿46.75 | x |
| 2016-12-31 | ฿0.22 | ฿46.75 | x |
| 2017-12-31 | ฿3.20 | ฿46.75 | x |
| 2018-12-31 | ฿3.43 | ฿46.75 | x |
| 2019-12-31 | ฿3.56 | ฿46.75 | x |
| 2020-12-31 | ฿5.84 | ฿46.75 | x |
| 2021-12-31 | ฿8.23 | ฿46.75 | x |
| 2022-12-31 | ฿9.44 | ฿46.75 | x |
| 2023-12-31 | ฿9.94 | ฿46.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GULF ENERGY DEVELOPMENT-NVDR 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): 12.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.03%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 3.94x
- Recent ROE (12.74%) is above the historical average (2.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -15.66% | -55.75% | 0.08x | 3.73x | ฿-706.27 Million |
| 2015 | -47.94% | -118.08% | 0.03x | 12.30x | ฿-980.64 Million |
| 2016 | 17.99% | 173.27% | 0.00x | 25.77x | ฿185.45 Million |
| 2017 | 9.99% | 79.33% | 0.04x | 2.91x | ฿-5.06 Million |
| 2018 | 8.29% | 17.62% | 0.14x | 3.38x | ฿-625.56 Million |
| 2019 | 12.72% | 16.27% | 0.22x | 3.49x | ฿1.04 Billion |
| 2020 | 6.69% | 13.04% | 0.13x | 3.84x | ฿-2.12 Billion |
| 2021 | 7.94% | 16.16% | 0.13x | 3.75x | ฿-1.99 Billion |
| 2022 | 10.31% | 12.13% | 0.23x | 3.77x | ฿338.86 Million |
| 2023 | 12.74% | 13.03% | 0.25x | 3.94x | ฿3.20 Billion |
Industry Comparison
This section compares GULF ENERGY DEVELOPMENT-NVDR's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GULF ENERGY DEVELOPMENT-NVDR (GULF-R) | ฿148.42 Billion | -15.66% | 2.28x | $6.05 Billion |
| BURIRAM SUGAR GROUP POWER PLANT INFRASTRUCTURE FUND (BRRGIF) | $3.01 Billion | 5.46% | 0.00x | $1.01K |
| BTS Rail Mass Transit Growth (BTSGIF) | $66.78 Billion | 8.10% | 0.00x | $733.85 |
| CPN Commercial Growth Leasehold Property Fund (CPNCG) | $4.91 Billion | 7.45% | 0.11x | $55.23 Million |
| C.P. Tower Growth Leasehold Property Fund (CPTGF) | $10.31 Billion | 7.08% | 0.00x | $83.24 Million |
| Centara Hotels & Resorts Leasehold Property Fund (CTARAF) | $2.04 Billion | 5.98% | 0.00x | $31.56 Million |
| Digital Telecommunications Infrastructure Fund (DIF) | $172.61 Billion | 4.32% | 0.26x | $2.71K |
| North Bangkok Power Plant (EGATIF) | $21.22 Billion | 2.80% | 0.00x | $1.59K |
| Food and Drinks Public Company Limited (F&D) | $585.01 Million | -7.26% | 0.60x | $1.80 Million |
| Future Park Leasehold Property Fund (FUTUREPF) | $6.83 Billion | 11.26% | 0.07x | $91.63 Million |