Siamgas and Petrochemicals Public Company Limited
Siamgas and Petrochemicals Public Company Limited, together with its subsidiaries, trades in petroleum and petrochemical products in Thailand and internationally. It operates through Petroleum and Petrochemical Products, Transportation Services, and Other segments. The company is involved in trading of petroleum for household cooking, industry, and transportation businesses; and distribution of p… Read more
Siamgas and Petrochemicals Public Company Limited (SGP) - Net Assets
Latest net assets as of September 2025: ฿15.36 Billion THB
Based on the latest financial reports, Siamgas and Petrochemicals Public Company Limited (SGP) has net assets worth ฿15.36 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 (฿52.68 Billion) and total liabilities (฿37.32 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 | ฿15.36 Billion |
| % of Total Assets | 29.16% |
| Annual Growth Rate | 18.46% |
| 5-Year Change | 33.1% |
| 10-Year Change | 75.16% |
| Growth Volatility | 71.25 |
Siamgas and Petrochemicals Public Company Limited - Net Assets Trend (2005–2024)
This chart illustrates how Siamgas and Petrochemicals 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 Siamgas and Petrochemicals Public Company Limited (2005–2024)
The table below shows the annual net assets of Siamgas and Petrochemicals Public Company Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿17.12 Billion | +7.59% |
| 2023-12-31 | ฿15.91 Billion | +0.21% |
| 2022-12-31 | ฿15.88 Billion | -5.44% |
| 2021-12-31 | ฿16.79 Billion | +30.55% |
| 2020-12-31 | ฿12.86 Billion | +8.20% |
| 2019-12-31 | ฿11.89 Billion | +17.37% |
| 2018-12-31 | ฿10.13 Billion | -10.43% |
| 2017-12-31 | ฿11.31 Billion | +15.39% |
| 2016-12-31 | ฿9.80 Billion | +0.26% |
| 2015-12-31 | ฿9.77 Billion | +16.80% |
| 2014-12-31 | ฿8.37 Billion | -7.87% |
| 2013-12-31 | ฿9.08 Billion | +28.28% |
| 2012-12-31 | ฿7.08 Billion | +3.80% |
| 2011-12-31 | ฿6.82 Billion | +25.22% |
| 2010-12-31 | ฿5.45 Billion | -1.97% |
| 2009-12-31 | ฿5.56 Billion | +32.13% |
| 2008-12-31 | ฿4.21 Billion | +324.51% |
| 2007-12-31 | ฿990.79 Million | +8.95% |
| 2006-12-31 | ฿909.37 Million | +32.78% |
| 2005-12-31 | ฿684.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Siamgas and Petrochemicals 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 1317461088200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿13.17 Billion | 78.58% |
| Common Stock | ฿918.93 Million | 5.48% |
| Other Comprehensive Income | ฿162.09 Million | 0.97% |
| Other Components | ฿2.51 Billion | 14.97% |
| Total Equity | ฿16.76 Billion | 100.00% |
Siamgas and Petrochemicals Public Company Limited Competitors by Market Cap
The table below lists competitors of Siamgas and Petrochemicals Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiyen Biotech Co Ltd
TW:1737
|
$103.31 Million |
|
DIAMOND BIOFUND INC
TW:6901
|
$103.34 Million |
|
Shanghai Broadband Technology Co Ltd
SHG:600608
|
$103.35 Million |
|
Bonduelle S.C.A.
PA:BON
|
$103.35 Million |
|
AROAF
PINK:AROAF
|
$103.30 Million |
|
Namsun Alumini
KO:008350
|
$103.30 Million |
|
Apollo Pipes Limited
NSE:APOLLOPIPE
|
$103.29 Million |
|
Talga Group Ltd
PINK:TLGRF
|
$103.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siamgas and Petrochemicals Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,575,359,291 to 16,755,998,516, a change of 1,180,639,225 (7.6%).
- Net income of 1,318,923,777 contributed positively to equity growth.
- Dividend payments of 555,541,934 reduced retained earnings.
- Other comprehensive income decreased equity by 58,413,601.
- Other factors increased equity by 475,670,983.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.32 Billion | +7.87% |
| Dividends Paid | ฿555.54 Million | -3.32% |
| Other Comprehensive Income | ฿-58.41 Million | -0.35% |
| Other Changes | ฿475.67 Million | +2.84% |
| Total Change | ฿- | 7.58% |
Book Value vs Market Value Analysis
This analysis compares Siamgas and Petrochemicals 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: 0.84x
- 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 14.69x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿0.52 | ฿7.70 | x |
| 2006-12-31 | ฿0.68 | ฿7.70 | x |
| 2007-12-31 | ฿0.74 | ฿7.70 | x |
| 2008-12-31 | ฿2.43 | ฿7.70 | x |
| 2009-12-31 | ฿2.52 | ฿7.70 | x |
| 2010-12-31 | ฿2.93 | ฿7.70 | x |
| 2011-12-31 | ฿3.69 | ฿7.70 | x |
| 2012-12-31 | ฿3.84 | ฿7.70 | x |
| 2013-12-31 | ฿4.88 | ฿7.70 | x |
| 2014-12-31 | ฿4.49 | ฿7.70 | x |
| 2015-12-31 | ฿5.25 | ฿7.70 | x |
| 2016-12-31 | ฿5.26 | ฿7.70 | x |
| 2017-12-31 | ฿6.06 | ฿7.70 | x |
| 2018-12-31 | ฿5.43 | ฿7.70 | x |
| 2019-12-31 | ฿6.03 | ฿7.70 | x |
| 2020-12-31 | ฿6.78 | ฿7.70 | x |
| 2021-12-31 | ฿8.93 | ฿7.70 | x |
| 2022-12-31 | ฿8.44 | ฿7.70 | x |
| 2023-12-31 | ฿8.47 | ฿7.70 | x |
| 2024-12-31 | ฿9.12 | ฿7.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siamgas and Petrochemicals 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): 7.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.57%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 3.40x
- Recent ROE (7.87%) is below the historical average (15.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.04% | 0.00% | 1.40x | 8.56x | ฿-68.24 Million |
| 2006 | 24.68% | 1.73% | 2.18x | 6.57x | ฿133.54 Million |
| 2007 | 44.65% | 2.97% | 2.57x | 5.84x | ฿343.34 Million |
| 2008 | 26.66% | 5.42% | 2.52x | 1.95x | ฿682.74 Million |
| 2009 | 26.53% | 6.45% | 2.05x | 2.01x | ฿781.62 Million |
| 2010 | 21.91% | 5.39% | 1.39x | 2.92x | ฿641.11 Million |
| 2011 | 14.68% | 2.62% | 1.63x | 3.44x | ฿316.90 Million |
| 2012 | 11.59% | 1.73% | 1.71x | 3.94x | ฿112.16 Million |
| 2013 | 17.85% | 2.46% | 2.20x | 3.30x | ฿704.71 Million |
| 2014 | -6.23% | -0.83% | 2.19x | 3.42x | ฿-1.34 Billion |
| 2015 | 11.56% | 1.92% | 2.00x | 3.01x | ฿150.30 Million |
| 2016 | 11.56% | 2.32% | 1.69x | 2.95x | ฿151.07 Million |
| 2017 | 25.24% | 4.75% | 1.88x | 2.82x | ฿1.70 Billion |
| 2018 | 8.72% | 1.27% | 1.91x | 3.59x | ฿-127.48 Million |
| 2019 | 12.27% | 2.03% | 1.62x | 3.74x | ฿251.88 Million |
| 2020 | 16.53% | 3.74% | 1.33x | 3.32x | ฿814.84 Million |
| 2021 | 23.21% | 4.85% | 1.54x | 3.10x | ฿2.17 Billion |
| 2022 | 6.90% | 1.05% | 2.17x | 3.03x | ฿-481.42 Million |
| 2023 | 6.53% | 1.12% | 1.71x | 3.39x | ฿-539.95 Million |
| 2024 | 7.87% | 1.57% | 1.48x | 3.40x | ฿-356.68 Million |
Industry Comparison
This section compares Siamgas and Petrochemicals 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: $37,864,893,006
- Average return on equity (ROE) among peers: 16.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Siamgas and Petrochemicals Public Company Limited (SGP) | ฿15.36 Billion | 0.04% | 2.43x | $103.31 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 |
| Sea Oil Public Company Limited (SEAOIL) | $164.21 Million | 27.79% | 1.39x | $31.65 Million |
| Star Petroleum Refining Co Ltd (SPRC) | $36.72 Billion | 22.40% | 0.66x | $367.39 Million |