Gunkul Engineering Public Company Limited
Gunkul Engineering Public Company Limited, together with its subsidiaries, engages in manufacturing, distribution, import, and export of equipment for electrical systems in Thailand, Japan, Vietnam, and internationally. It operates through four segments: Manufacturing and Selling of Equipments for Electrical Systems; Generating and Selling Electricity; Construction Service; and Maintenance Servic… Read more
Gunkul Engineering Public Company Limited (GUNKUL-R) - Net Assets
Latest net assets as of September 2024: ฿13.50 Billion THB
Based on the latest financial reports, Gunkul Engineering Public Company Limited (GUNKUL-R) has net assets worth ฿13.50 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 (฿32.99 Billion) and total liabilities (฿19.49 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 | ฿13.50 Billion |
| % of Total Assets | 40.91% |
| Annual Growth Rate | 23.05% |
| 5-Year Change | 23.45% |
| 10-Year Change | 316.42% |
| Growth Volatility | 59.6 |
Gunkul Engineering Public Company Limited - Net Assets Trend (2008–2023)
This chart illustrates how Gunkul Engineering 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 Gunkul Engineering Public Company Limited (2008–2023)
The table below shows the annual net assets of Gunkul Engineering Public Company Limited from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿13.99 Billion | -1.06% |
| 2022-12-31 | ฿14.14 Billion | +6.45% |
| 2021-12-31 | ฿13.28 Billion | +6.48% |
| 2020-12-31 | ฿12.48 Billion | +10.08% |
| 2019-12-31 | ฿11.33 Billion | +19.29% |
| 2018-12-31 | ฿9.50 Billion | -3.09% |
| 2017-12-31 | ฿9.80 Billion | +0.55% |
| 2016-12-31 | ฿9.75 Billion | +13.49% |
| 2015-12-31 | ฿8.59 Billion | +155.68% |
| 2014-12-31 | ฿3.36 Billion | +7.66% |
| 2013-12-31 | ฿3.12 Billion | +169.12% |
| 2012-12-31 | ฿1.16 Billion | -2.03% |
| 2011-12-31 | ฿1.18 Billion | +4.54% |
| 2010-12-31 | ฿1.13 Billion | +124.11% |
| 2009-12-31 | ฿505.21 Million | -18.93% |
| 2008-12-31 | ฿623.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gunkul Engineering 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 5439.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿8.22 Billion | 59.01% |
| Common Stock | ฿2.22 Billion | 15.94% |
| Other Comprehensive Income | ฿401.57 Million | 2.88% |
| Other Components | ฿3.09 Billion | 22.17% |
| Total Equity | ฿13.93 Billion | 100.00% |
Gunkul Engineering Public Company Limited Competitors by Market Cap
The table below lists competitors of Gunkul Engineering Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NWTN Inc. Class B Ordinary Shares
NASDAQ:NWTN
|
$241.94 Million |
|
Insight Acquisition Corp. Units
NASDAQ:INAQU
|
$241.97 Million |
|
Zhongjin Irradiation Incorporated Company
SHE:300962
|
$242.00 Million |
|
FPT Securities JSC
VN:FTS
|
$242.02 Million |
|
Excelsior Medical Co Ltd
TW:4104
|
$241.81 Million |
|
Hangzhou Alltest Biotech Co. Ltd. A
SHG:688606
|
$241.75 Million |
|
Shanghai Prisemi Electronics Co Ltd
SHG:688230
|
$241.72 Million |
|
Actron Technology
TWO:8255
|
$241.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gunkul Engineering Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,077,000,728 to 13,932,787,522, a change of -144,213,206 (-1.0%).
- Net income of 1,474,468,974 contributed positively to equity growth.
- Dividend payments of 1,065,759,918 reduced retained earnings.
- Share repurchases of 179,007,014 reduced equity.
- Other comprehensive income increased equity by 179,007,014.
- Other factors decreased equity by 552,922,262.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.47 Billion | +10.58% |
| Dividends Paid | ฿1.07 Billion | -7.65% |
| Share Repurchases | ฿179.01 Million | -1.28% |
| Other Comprehensive Income | ฿179.01 Million | +1.28% |
| Other Changes | ฿-552.92 Million | -3.97% |
| Total Change | ฿- | -1.02% |
Book Value vs Market Value Analysis
This analysis compares Gunkul Engineering 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: 1.47x
- 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 7.42x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ฿0.31 | ฿2.32 | x |
| 2009-12-31 | ฿0.09 | ฿2.32 | x |
| 2010-12-31 | ฿0.19 | ฿2.32 | x |
| 2011-12-31 | ฿0.16 | ฿2.32 | x |
| 2012-12-31 | ฿0.15 | ฿2.32 | x |
| 2013-12-31 | ฿0.39 | ฿2.32 | x |
| 2014-12-31 | ฿0.45 | ฿2.32 | x |
| 2015-12-31 | ฿1.05 | ฿2.32 | x |
| 2016-12-31 | ฿1.03 | ฿2.32 | x |
| 2017-12-31 | ฿1.03 | ฿2.32 | x |
| 2018-12-31 | ฿1.01 | ฿2.32 | x |
| 2019-12-31 | ฿1.22 | ฿2.32 | x |
| 2020-12-31 | ฿1.41 | ฿2.32 | x |
| 2021-12-31 | ฿1.49 | ฿2.32 | x |
| 2022-12-31 | ฿1.58 | ฿2.32 | x |
| 2023-12-31 | ฿1.58 | ฿2.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gunkul Engineering 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): 10.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.39%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.36x
- Recent ROE (10.58%) is below the historical average (18.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 21.03% | 7.33% | 1.32x | 2.18x | ฿53.14 Million |
| 2009 | 10.52% | 6.09% | 1.02x | 1.70x | ฿2.65 Million |
| 2010 | 10.88% | 9.47% | 0.73x | 1.58x | ฿9.96 Million |
| 2011 | 7.56% | 3.38% | 0.48x | 4.68x | ฿-28.84 Million |
| 2012 | 72.00% | 18.11% | 0.62x | 6.43x | ฿671.28 Million |
| 2013 | 30.99% | 43.59% | 0.44x | 1.61x | ฿598.03 Million |
| 2014 | 16.24% | 18.40% | 0.41x | 2.16x | ฿209.56 Million |
| 2015 | 8.50% | 15.40% | 0.24x | 2.33x | ฿-121.20 Million |
| 2016 | 5.90% | 17.23% | 0.12x | 2.82x | ฿-373.08 Million |
| 2017 | 6.90% | 13.33% | 0.16x | 3.30x | ฿-285.09 Million |
| 2018 | 12.18% | 17.42% | 0.17x | 4.00x | ฿194.12 Million |
| 2019 | 20.05% | 30.25% | 0.18x | 3.64x | ฿1.08 Billion |
| 2020 | 27.63% | 39.45% | 0.19x | 3.73x | ฿2.18 Billion |
| 2021 | 16.99% | 23.92% | 0.22x | 3.24x | ฿917.11 Million |
| 2022 | 21.39% | 40.11% | 0.23x | 2.30x | ฿1.60 Billion |
| 2023 | 10.58% | 19.39% | 0.23x | 2.36x | ฿81.19 Million |
Industry Comparison
This section compares Gunkul Engineering Public Company Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $25,603,103,868
- Average return on equity (ROE) among peers: 2.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gunkul Engineering Public Company Limited (GUNKUL-R) | ฿13.50 Billion | 21.03% | 1.44x | $241.85 Million |
| B.Grimm Power Public Company Limited (BGRIM) | $51.67 Billion | 3.01% | 2.50x | $257.89 Million |
| B GRIMM POWER PCL-NVDR (BGRIM-R) | $11.07 Billion | 2.07% | 3.19x | $305.79 Million |
| Banpu Power Public Company Limited (BPP) | $54.49 Billion | 3.20% | 0.79x | $206.62 Million |
| BANPU POWER (BPP-R) | $37.88 Billion | 10.92% | 0.13x | $144.89 Million |
| CK Power Public Company Limited (CKP) | $38.92 Billion | 3.76% | 0.77x | $126.76 Million |
| Electricity Generating Public Company Limited (EGCO) | $26.70 Billion | 22.45% | 1.11x | $773.57 Million |
| Green Tech Ventures PCL (GTV) | $4.12 Billion | -5.13% | 0.34x | $10.50 Million |
| Gulf Energy Development Public Company Limited (GULF) | $2.49 Billion | -32.52% | 7.35x | $7.50 Billion |
| Nava Nakorn Public Company Limited (NNCL) | $3.08 Billion | 12.17% | 0.40x | $23.69 Million |