Sea Oil Public Company Limited (SEAOIL) - Net Assets

Latest as of September 2025: ฿2.69 Billion THB ≈ $83.76 Million USD

Based on the latest financial reports, Sea Oil Public Company Limited (SEAOIL) has net assets worth ฿2.69 Billion THB (≈ $83.76 Million USD) 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 ≈ $134.97 Million USD) and total liabilities (฿1.64 Billion ≈ $51.21 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 liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore SEAOIL asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Sea Oil Public Company Limited (SEAOIL) market capitalisation.

Year	Net Assets	Change
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	--

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
Savezone I C KO:067830	$81.08 Million
Cheer Time Enterprise Co Ltd TW:3229	$81.09 Million
Noble Development Public Company Limited BK:NOBLE	$81.10 Million
Golden Bridge Electech Inc TW:6133	$81.10 Million
Gopeng Bhd KLSE:2135	$81.04 Million
CORA GOLD LTD O.N. F:C0J	$81.04 Million
Eastern Platinum Limited TO:ELR	$80.96 Million
Macroblock TWO:3527	$80.94 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: 1.01x
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 6.65x to 1.01x 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	฿3.52	x
2012-12-31	฿1.03	฿3.52	x
2013-12-31	฿1.39	฿3.52	x
2014-12-31	฿2.68	฿3.52	x
2015-12-31	฿2.05	฿3.52	x
2016-12-31	฿2.10	฿3.52	x
2017-12-31	฿1.90	฿3.52	x
2018-12-31	฿1.82	฿3.52	x
2019-12-31	฿1.89	฿3.52	x
2020-12-31	฿1.90	฿3.52	x
2021-12-31	฿2.09	฿3.52	x
2022-12-31	฿2.66	฿3.52	x
2023-12-31	฿3.30	฿3.52	x
2024-12-31	฿3.48	฿3.52	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: $33,658,209,228
Average return on equity (ROE) among peers: 1.35%

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	$81.08 Million
Bangchak Corporation Public Company Limited (BCP)	$18.65 Billion	1.05%	1.02x	$1.64 Billion
Esso (Thailand) Public Company Limited (BSRC)	$12.34 Billion	-83.52%	4.18x	$332.25 Million
IRPC Public Company Limited (IRPC)	$75.93 Billion	5.41%	0.74x	$1.35 Billion
IRPC Public Company Limited (IRPC-R)	$76.12 Billion	-3.84%	1.53x	$814.31 Million
Siamgas and Petrochemicals Public Company Limited (SGP)	$4.21 Billion	25.98%	0.90x	$486.92 Million
Siamgas and Petrochemicals Public Company Limited (SGP-R)	$909.37 Million	24.68%	5.57x	$378.08 Million
Star Petroleum Refining Co Ltd (SPRC)	$41.72 Billion	20.83%	0.44x	$993.33 Million
Susco Public Company Limited (SUSCO)	$1.36 Billion	4.70%	0.47x	$59.81 Million
Thai Oil Public Company Limited (TOP)	$71.69 Billion	16.83%	0.92x	$3.34 Billion

About Sea Oil Public Company Limited

BK:SEAOIL Thailand Oil & Gas Refining & Marketing

Market Cap

$81.08 Million

฿2.60 Billion THB

Market Cap Rank

#20000 Global

#299 in Thailand

Share Price

฿3.52

Change (1 day)

+0.57%

52-Week Range

฿2.26 - ฿3.94

All Time High

฿4.55