PTT Oil and Retail Business Public Company Limited
PTT Oil and Retail Business Public Company Limited, together with its subsidiaries, engages in the commercial and retail marketing of petroleum products and other services in Thailand and internationally. It operates through Mobility Business, Lifestyle Business, and Global Business segments. The company provides lube oil blending and bottling, fuel-related services, human resources management se… Read more
PTT Oil and Retail Business Public Company Limited (OR) - Net Assets
Latest net assets as of December 2025: ฿113.82 Billion THB
Based on the latest financial reports, PTT Oil and Retail Business Public Company Limited (OR) has net assets worth ฿113.82 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿197.93 Billion) and total liabilities (฿84.11 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 | ฿113.82 Billion |
| % of Total Assets | 57.51% |
| Annual Growth Rate | 15.11% |
| 5-Year Change | 13.97% |
| 10-Year Change | N/A |
| Growth Volatility | 53.0 |
PTT Oil and Retail Business Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how PTT Oil and Retail Business 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 PTT Oil and Retail Business Public Company Limited (2016–2025)
The table below shows the annual net assets of PTT Oil and Retail Business Public Company Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿113.82 Billion | +4.46% |
| 2024-12-31 | ฿108.96 Billion | -0.50% |
| 2023-12-31 | ฿109.51 Billion | +5.54% |
| 2022-12-31 | ฿103.76 Billion | +3.89% |
| 2021-12-31 | ฿99.87 Billion | +163.40% |
| 2020-12-31 | ฿37.92 Billion | -2.05% |
| 2019-12-31 | ฿38.71 Billion | +38.52% |
| 2018-12-31 | ฿27.94 Billion | -32.60% |
| 2017-12-31 | ฿41.46 Billion | +29.29% |
| 2016-12-31 | ฿32.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PTT Oil and Retail Business 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 58.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿37.22 Billion | 32.72% |
| Other Components | ฿76.53 Billion | 67.28% |
| Total Equity | ฿113.76 Billion | 100.00% |
PTT Oil and Retail Business Public Company Limited Competitors by Market Cap
The table below lists competitors of PTT Oil and Retail Business Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ambea AB (publ)
F:6MA
|
$937.47 Million |
|
Samsung Card Co. Ltd.
KO:029780
|
$937.49 Million |
|
Go Digit General Insurance Ltd
NSE:GODIGIT
|
$937.59 Million |
|
Hitachi Zosen Corporation
F:HZS
|
$937.94 Million |
|
53N
F:53N
|
$937.43 Million |
|
Zhejiang Runtu Co Ltd
SHE:002440
|
$937.39 Million |
|
NWS Holdings Limited
PINK:NWSZF
|
$936.89 Million |
|
Danaos Corporation
NYSE:DAC
|
$936.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PTT Oil and Retail Business Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 108,897,245,577 to 113,757,575,624, a change of 4,860,330,047 (4.5%).
- Net income of 11,303,568,552 contributed positively to equity growth.
- Dividend payments of 5,148,915,576 reduced retained earnings.
- Other factors decreased equity by 1,294,322,929.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿11.30 Billion | +9.94% |
| Dividends Paid | ฿5.15 Billion | -4.53% |
| Other Changes | ฿-1.29 Billion | -1.14% |
| Total Change | ฿- | 4.46% |
Book Value vs Market Value Analysis
This analysis compares PTT Oil and Retail Business 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: 1.23x
- 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 4.38x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿2.67 | ฿11.70 | x |
| 2017-12-31 | ฿3.46 | ฿11.70 | x |
| 2018-12-31 | ฿2.41 | ฿11.70 | x |
| 2019-12-31 | ฿3.23 | ฿11.70 | x |
| 2020-12-31 | ฿3.15 | ฿11.70 | x |
| 2021-12-31 | ฿8.57 | ฿11.70 | x |
| 2022-12-31 | ฿8.64 | ฿11.70 | x |
| 2023-12-31 | ฿9.08 | ฿11.70 | x |
| 2024-12-31 | ฿9.07 | ฿11.70 | x |
| 2025-12-31 | ฿9.48 | ฿11.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PTT Oil and Retail Business 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): 9.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.72%
- • Asset Turnover: 3.33x
- • Equity Multiplier: 1.74x
- Recent ROE (9.94%) is below the historical average (11.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.23% | 0.21% | 6.08x | 2.49x | ฿-2.17 Billion |
| 2017 | 1.80% | 0.14% | 5.69x | 2.32x | ฿-3.40 Billion |
| 2018 | 10.76% | 0.51% | 4.12x | 5.17x | ฿211.37 Million |
| 2019 | 28.15% | 1.89% | 3.79x | 3.93x | ฿7.03 Billion |
| 2020 | 23.24% | 2.05% | 2.96x | 3.83x | ฿5.01 Billion |
| 2021 | 11.49% | 2.24% | 2.46x | 2.08x | ฿1.49 Billion |
| 2022 | 10.00% | 1.31% | 3.50x | 2.17x | ฿295.94K |
| 2023 | 10.14% | 1.44% | 3.49x | 2.01x | ฿149.78 Million |
| 2024 | 7.03% | 1.06% | 3.49x | 1.91x | ฿-3.24 Billion |
| 2025 | 9.94% | 1.72% | 3.33x | 1.74x | ฿-72.19 Million |
Industry Comparison
This section compares PTT Oil and Retail Business Public Company Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $27,893,405,573
- Average return on equity (ROE) among peers: 16.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PTT Oil and Retail Business Public Company Limited (OR) | ฿113.82 Billion | 3.23% | 0.74x | $937.47 Million |
| ATLAS (ATLAS) | $1.44 Billion | 19.77% | 4.80x | $22.20 Million |
| Bangchak Corporation Public Company Limited (BCP-R) | $58.82 Billion | 2.94% | 1.17x | $1.02 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $20.75 Billion | 32.04% | 1.85x | $53.08 Million |
| IRPC Public Company Limited (IRPC) | $83.40 Billion | -1.37% | 1.13x | $411.27 Million |
| PTT OIL & RETAIL BUSINE-NVDR (OR-R) | $38.71 Billion | 28.15% | 2.93x | $1.16 Billion |
| Premier Tank Corp. PCL (PTC) | $902.73 Million | 5.20% | 0.02x | $3.24 Million |
| Sea Oil Public Company Limited (SEAOIL) | $164.21 Million | 27.79% | 1.39x | $31.65 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $10.13 Billion | 8.60% | 2.53x | $103.31 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $36.72 Billion | 22.40% | 0.66x | $367.39 Million |