Sea Oil Public Company Limited (SEAOIL) - Net Assets
Based on the latest financial reports, Sea Oil Public Company Limited (SEAOIL) has net assets worth ฿2.67 Billion THB (≈ $83.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.21 Billion ≈ $131.24 Million USD) and total liabilities (฿1.54 Billion ≈ $47.97 Million USD). 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. Check Sea Oil Public Company Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.67 Billion |
| % of Total Assets | 63.44% |
| Annual Growth Rate | 22.04% |
| 5-Year Change | 59.27% |
| 10-Year Change | 131.52% |
| Growth Volatility | 39.61 |
Sea Oil Public Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how Sea Oil Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Sea Oil Public Company Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sea Oil Public Company Limited (2011–2025)
The table below shows the annual net assets of Sea Oil Public Company Limited from 2011 to 2025. For live valuation and market cap data, see Sea Oil Public Company Limited (SEAOIL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿2.67 Billion ≈ $83.26 Million |
+3.84% |
| 2024-12-31 | ฿2.57 Billion ≈ $80.18 Million |
+5.60% |
| 2023-12-31 | ฿2.44 Billion ≈ $75.93 Million |
+14.84% |
| 2022-12-31 | ฿2.12 Billion ≈ $66.12 Million |
+26.47% |
| 2021-12-31 | ฿1.68 Billion ≈ $52.28 Million |
+18.06% |
| 2020-12-31 | ฿1.42 Billion ≈ $44.28 Million |
+0.63% |
| 2019-12-31 | ฿1.41 Billion ≈ $44.01 Million |
+4.24% |
| 2018-12-31 | ฿1.35 Billion ≈ $42.22 Million |
+0.08% |
| 2017-12-31 | ฿1.35 Billion ≈ $42.18 Million |
+17.29% |
| 2016-12-31 | ฿1.15 Billion ≈ $35.96 Million |
+6.97% |
| 2015-12-31 | ฿1.08 Billion ≈ $33.62 Million |
+0.03% |
| 2014-12-31 | ฿1.08 Billion ≈ $33.61 Million |
+128.64% |
| 2013-12-31 | ฿471.64 Million ≈ $14.70 Million |
+111.72% |
| 2012-12-31 | ฿222.76 Million ≈ $6.94 Million |
+35.66% |
| 2011-12-31 | ฿164.21 Million ≈ $5.12 Million |
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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 1650.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿948.82 Million | 35.52% |
| Other Components | ฿1.72 Billion | 64.48% |
| Total Equity | ฿2.67 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 |
|---|---|
|
Consolidated Construction Consortium Limited
NSE:CCCL
|
$71.41 Million |
|
Aura Energy Ltd
AU:AEE
|
$71.41 Million |
|
HYUNGJI INNOVATION & CREATIVE Co.Ltd
KQ:011080
|
$71.41 Million |
|
NWF GROUP PLC LS-25
F:NYY
|
$71.42 Million |
|
Titijaya Land Bhd
KLSE:5239
|
$71.38 Million |
|
Manba Finance Ltd
NSE:MANBA
|
$71.37 Million |
|
Comtech Telecommunications Corp
NASDAQ:CMTL
|
$71.36 Million |
|
Teuton Resources Corp.
V:TUO
|
$71.35 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 2024 to 2025, total equity changed from 2,572,452,000 to 2,671,327,000, a change of 98,875,000 (3.8%).
- Net income of 263,308,000 contributed positively to equity growth.
- Dividend payments of 147,792,000 reduced retained earnings.
- Other comprehensive income decreased equity by 51,010,000.
- Other factors increased equity by 34,369,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿263.31 Million | +9.86% |
| Dividends Paid | ฿147.79 Million | -5.53% |
| Other Comprehensive Income | ฿-51.01 Million | -1.91% |
| Other Changes | ฿34.37 Million | +1.29% |
| Total Change | ฿- | 3.84% |
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: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.86x to 0.86x 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 | ฿3.10 | x |
| 2012-12-31 | ฿1.03 | ฿3.10 | x |
| 2013-12-31 | ฿1.39 | ฿3.10 | x |
| 2014-12-31 | ฿2.68 | ฿3.10 | x |
| 2015-12-31 | ฿2.05 | ฿3.10 | x |
| 2016-12-31 | ฿2.10 | ฿3.10 | x |
| 2017-12-31 | ฿1.90 | ฿3.10 | x |
| 2018-12-31 | ฿1.82 | ฿3.10 | x |
| 2019-12-31 | ฿1.89 | ฿3.10 | x |
| 2020-12-31 | ฿1.90 | ฿3.10 | x |
| 2021-12-31 | ฿2.09 | ฿3.10 | x |
| 2022-12-31 | ฿2.66 | ฿3.10 | x |
| 2023-12-31 | ฿3.30 | ฿3.10 | x |
| 2024-12-31 | ฿3.48 | ฿3.10 | x |
| 2025-12-31 | ฿3.61 | ฿3.10 | 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): 9.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.33%
- • Asset Turnover: 4.70x
- • Equity Multiplier: 1.58x
- Recent ROE (9.86%) is below the historical average (10.00%), suggesting potential challenges in 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 |
| 2025 | 9.86% | 1.33% | 4.70x | 1.58x | ฿-3.82 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: $55,281,947,341
- Average return on equity (ROE) among peers: 3.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea Oil Public Company Limited (SEAOIL) | ฿2.67 Billion | 27.79% | 0.58x | $71.40 Million |
| Bangchak Corporation Public Company Limited (BCP) | $58.82 Billion | 4.23% | 1.17x | $1.52 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $14.36 Billion | -55.09% | 3.29x | $332.25 Million |
| IRPC Public Company Limited (IRPC) | $70.11 Billion | -7.41% | 1.63x | $1.07 Billion |
| IRPC Public Company Limited (IRPC-R) | $87.65 Billion | 12.95% | 1.11x | $814.31 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP) | $9.77 Billion | 11.42% | 1.98x | $472.60 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP-R) | $17.12 Billion | 7.70% | 2.32x | $378.08 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $42.10 Billion | 21.13% | 0.42x | $946.02 Million |
| Susco Public Company Limited (SUSCO) | $4.58 Billion | 26.85% | 1.15x | $61.59 Million |
| Thai Oil Public Company Limited (TOP) | $193.03 Billion | 7.56% | 1.21x | $3.10 Billion |
About 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 high-speed 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 a solvent an… Read more