Sea Oil Public Company Limited
Sea Oil Public Company Limited engages in the retail sale of fuel and lubricant oils, and related products in Thailand and internationally. It offers highspeed diesel oil, marine fuels, lubricants, and benzene. The company also provides catering and supply management, and other services for sea habitation and marine and offshore oil rigs and gas for onshore and offshore; and leases solvent and pe… Read more
Sea Oil Public Company Limited (SEAOIL) - Net Assets
Latest net assets as of September 2025: ฿2.69 Billion THB
Based on the latest financial reports, Sea Oil Public Company Limited (SEAOIL) has net assets worth ฿2.69 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 (฿1.64 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 | ฿2.69 Billion |
| % of Total Assets | 62.06% |
| Annual Growth Rate | 23.57% |
| 5-Year Change | 81.07% |
| 10-Year Change | 138.48% |
| Growth Volatility | 40.57 |
Sea Oil Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Sea Oil 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 Sea Oil Public Company Limited (2011–2024)
The table below shows the annual net assets of Sea Oil Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.57 Billion | +5.60% |
| 2023-12-31 | ฿2.44 Billion | +14.84% |
| 2022-12-31 | ฿2.12 Billion | +26.47% |
| 2021-12-31 | ฿1.68 Billion | +18.06% |
| 2020-12-31 | ฿1.42 Billion | +0.63% |
| 2019-12-31 | ฿1.41 Billion | +4.24% |
| 2018-12-31 | ฿1.35 Billion | +0.08% |
| 2017-12-31 | ฿1.35 Billion | +17.29% |
| 2016-12-31 | ฿1.15 Billion | +6.97% |
| 2015-12-31 | ฿1.08 Billion | +0.03% |
| 2014-12-31 | ฿1.08 Billion | +128.64% |
| 2013-12-31 | ฿471.64 Million | +111.72% |
| 2012-12-31 | ฿222.76 Million | +35.66% |
| 2011-12-31 | ฿164.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sea Oil 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 1455.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿843.49 Million | 32.79% |
| Common Stock | ฿738.98 Million | 28.73% |
| Other Comprehensive Income | ฿51.01 Million | 1.98% |
| Other Components | ฿938.97 Million | 36.50% |
| Total Equity | ฿2.57 Billion | 100.00% |
Sea Oil Public Company Limited Competitors by Market Cap
The table below lists competitors of Sea Oil Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loulis Mills S.A.
AT:KYLO
|
$31.66 Million |
|
Nickel 28 Capital Corp
PINK:CONXF
|
$31.66 Million |
|
The London Tunnels PLC
AS:TLT
|
$31.66 Million |
|
Immobiliere Dassault SA
PA:IMDA
|
$31.66 Million |
|
EnviroGold Global Limited
OTCQB:ESGLF
|
$31.65 Million |
|
VISIOMED GROUP EO 001
F:7V91
|
$31.65 Million |
|
Affluent Medical SAS
PA:AFME
|
$31.64 Million |
|
9M00
F:9M00
|
$31.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea Oil Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,435,968,000 to 2,572,452,000, a change of 136,484,000 (5.6%).
- Net income of 357,226,000 contributed positively to equity growth.
- Dividend payments of 221,694,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,057,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿357.23 Million | +13.89% |
| Dividends Paid | ฿221.69 Million | -8.62% |
| Other Comprehensive Income | ฿5.06 Million | +0.2% |
| Other Changes | ฿-4.11 Million | -0.16% |
| Total Change | ฿- | 5.60% |
Book Value vs Market Value Analysis
This analysis compares Sea Oil 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: 1.07x
- 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 7.07x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿0.53 | ฿3.74 | x |
| 2012-12-31 | ฿1.03 | ฿3.74 | x |
| 2013-12-31 | ฿1.39 | ฿3.74 | x |
| 2014-12-31 | ฿2.68 | ฿3.74 | x |
| 2015-12-31 | ฿2.05 | ฿3.74 | x |
| 2016-12-31 | ฿2.10 | ฿3.74 | x |
| 2017-12-31 | ฿1.90 | ฿3.74 | x |
| 2018-12-31 | ฿1.82 | ฿3.74 | x |
| 2019-12-31 | ฿1.89 | ฿3.74 | x |
| 2020-12-31 | ฿1.90 | ฿3.74 | x |
| 2021-12-31 | ฿2.09 | ฿3.74 | x |
| 2022-12-31 | ฿2.66 | ฿3.74 | x |
| 2023-12-31 | ฿3.30 | ฿3.74 | x |
| 2024-12-31 | ฿3.48 | ฿3.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea Oil 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): 13.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 4.54x
- • Equity Multiplier: 1.50x
- Recent ROE (13.89%) is above the historical average (10.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 27.79% | 1.80% | 6.46x | 2.39x | ฿29.21 Million |
| 2012 | 28.46% | 2.36% | 6.70x | 1.80x | ฿41.12 Million |
| 2013 | 17.08% | 2.96% | 5.23x | 1.10x | ฿33.37 Million |
| 2014 | 7.92% | 2.78% | 2.50x | 1.14x | ฿-22.40 Million |
| 2015 | 0.60% | 0.23% | 1.28x | 2.01x | ฿-101.37 Million |
| 2016 | -2.09% | -0.63% | 1.62x | 2.04x | ฿-138.62 Million |
| 2017 | -7.74% | -2.74% | 1.46x | 1.93x | ฿-239.65 Million |
| 2018 | -0.06% | -0.02% | 1.74x | 2.04x | ฿-135.42 Million |
| 2019 | 4.36% | 0.94% | 2.18x | 2.13x | ฿-78.70 Million |
| 2020 | 0.65% | 0.17% | 2.39x | 1.57x | ฿-131.21 Million |
| 2021 | 14.01% | 2.04% | 3.66x | 1.88x | ฿66.15 Million |
| 2022 | 21.01% | 2.03% | 6.08x | 1.70x | ฿230.84 Million |
| 2023 | 14.24% | 2.51% | 4.46x | 1.27x | ฿103.24 Million |
| 2024 | 13.89% | 2.04% | 4.54x | 1.50x | ฿99.98 Million |
Industry Comparison
This section compares Sea Oil 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: $38,972,070,734
- Average return on equity (ROE) among peers: 14.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea Oil Public Company Limited (SEAOIL) | ฿2.69 Billion | 27.79% | 0.61x | $31.65 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 and Retail Business Public Company Limited (OR) | $99.87 Billion | 11.49% | 1.08x | $937.47 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 |
| 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 |