Star Petroleum Refining Public Company Limited
Star Petroleum Refining Public Company Limited operates a petroleum refinery in the Rayong Province of Thailand. It also produces and sells petroleum products, including liquefied petroleum gas, gasoline, diesel, jet fuel, fuel oil, petrochemical feedstocks; and polymer grade propylene, chemical grade naphtha, asphalt, and other products. The company exports its petroleum products to Laos, Cambod… Read more
Star Petroleum Refining Public Company Limited (SPRC-R) - Net Assets
Latest net assets as of June 2024: ฿45.35 Billion THB
Based on the latest financial reports, Star Petroleum Refining Public Company Limited (SPRC-R) has net assets worth ฿45.35 Billion THB as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿79.77 Billion) and total liabilities (฿34.42 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 | ฿45.35 Billion |
| % of Total Assets | 56.85% |
| Annual Growth Rate | -1.91% |
| 5-Year Change | 12.27% |
| 10-Year Change | N/A |
| Growth Volatility | 15.85 |
Star Petroleum Refining Public Company Limited - Net Assets Trend (2016–2023)
This chart illustrates how Star Petroleum Refining 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 Star Petroleum Refining Public Company Limited (2016–2023)
The table below shows the annual net assets of Star Petroleum Refining Public Company Limited from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿36.46 Billion | -5.80% |
| 2022-12-31 | ฿38.71 Billion | +12.62% |
| 2021-12-31 | ฿34.37 Billion | +30.06% |
| 2020-12-31 | ฿26.43 Billion | -18.63% |
| 2019-12-31 | ฿32.48 Billion | -15.71% |
| 2018-12-31 | ฿38.53 Billion | -8.49% |
| 2017-12-31 | ฿42.10 Billion | +0.92% |
| 2016-12-31 | ฿41.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Petroleum Refining 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 decreased by 53.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿5.45 Billion | 14.96% |
| Other Components | ฿31.00 Billion | 85.04% |
| Total Equity | ฿36.46 Billion | 100.00% |
Star Petroleum Refining Public Company Limited Competitors by Market Cap
The table below lists competitors of Star Petroleum Refining Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Morguard North American Residential Real Estate Investment Trust
PINK:MNARF
|
$328.60 Million |
|
Yalla Group Ltd
NYSE:YALA
|
$328.64 Million |
|
Chengdu Bright Eye Hospital Co. Ltd.
SHE:301239
|
$328.66 Million |
|
Tectonic Therapeutic, Inc.
NASDAQ:TECX
|
$328.68 Million |
|
Nano Dimension Ltd
NASDAQ:NNDM
|
$328.37 Million |
|
Guangzhou Hexin Instrument Co Ltd
SHG:688622
|
$328.36 Million |
|
Zhejiang Tiancheng Control Co
SHG:603085
|
$328.29 Million |
|
Beijing Water Business Doctor
SHE:300055
|
$328.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Petroleum Refining Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 38,707,045,474 to 36,456,583,992, a change of -2,250,461,482 (-5.8%).
- Net loss of 1,229,930,739 reduced equity.
- Dividend payments of 650,385,319 reduced retained earnings.
- New share issuances of 5,202,000 increased equity.
- Other factors decreased equity by 375,347,424.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-1.23 Billion | -3.37% |
| Dividends Paid | ฿650.39 Million | -1.78% |
| Share Issuances | ฿5.20 Million | +0.01% |
| Other Changes | ฿-375.35 Million | -1.03% |
| Total Change | ฿- | -5.81% |
Book Value vs Market Value Analysis
This analysis compares Star Petroleum Refining 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: 0.80x
- 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 increased from 0.70x to 0.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿9.71 | ฿6.75 | x |
| 2018-12-31 | ฿8.89 | ฿6.75 | x |
| 2019-12-31 | ฿7.49 | ฿6.75 | x |
| 2020-12-31 | ฿6.09 | ฿6.75 | x |
| 2021-12-31 | ฿7.93 | ฿6.75 | x |
| 2022-12-31 | ฿8.93 | ฿6.75 | x |
| 2023-12-31 | ฿8.41 | ฿6.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Petroleum Refining 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): -3.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.52%
- • Asset Turnover: 3.61x
- • Equity Multiplier: 1.80x
- Recent ROE (-3.37%) is below the historical average (5.84%), 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 | 20.83% | 5.61% | 2.57x | 1.44x | ฿4.52 Billion |
| 2017 | 21.13% | 5.24% | 2.84x | 1.42x | ฿4.69 Billion |
| 2018 | 5.87% | 1.09% | 3.78x | 1.43x | ฿-1.59 Billion |
| 2019 | -8.65% | -1.67% | 3.11x | 1.67x | ฿-6.06 Billion |
| 2020 | -22.72% | -4.63% | 2.78x | 1.76x | ฿-8.65 Billion |
| 2021 | 13.81% | 2.79% | 2.90x | 1.71x | ฿1.31 Billion |
| 2022 | 19.83% | 2.73% | 4.44x | 1.64x | ฿3.80 Billion |
| 2023 | -3.37% | -0.52% | 3.61x | 1.80x | ฿-4.88 Billion |
Industry Comparison
This section compares Star Petroleum Refining 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: $27,196,274,381
- Average return on equity (ROE) among peers: 7.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Petroleum Refining Public Company Limited (SPRC-R) | ฿45.35 Billion | 20.83% | 0.76x | $328.43 Million |
| ATLAS (ATLAS) | $2.83 Billion | 10.63% | 2.23x | $21.60 Million |
| Bangchak Corporation Public Company Limited (BCP-R) | $58.32 Billion | -11.95% | 1.54x | $1.02 Billion |
| Esso (Thailand) Public Company Limited (BSRC) | $19.21 Billion | 23.13% | 2.66x | $53.08 Million |
| IRPC Public Company Limited (IRPC-R) | $75.67 Billion | -8.13% | 1.29x | $376.02 Million |
| PTT Oil and Retail Business Public Company Limited (OR) | $32.07 Billion | 3.23% | 1.49x | $905.42 Million |
| PTT OIL & RETAIL BUSINE-NVDR (OR-R) | $37.92 Billion | 23.19% | 2.82x | $1.16 Billion |
| Premier Tank Corp. PCL (PTC) | $884.71 Million | 8.49% | 0.02x | $3.18 Million |
| Sea Oil Public Company Limited (SEAOIL) | $1.08 Billion | 0.60% | 1.01x | $30.81 Million |
| Siamgas and Petrochemicals Public Company Limited (SGP-R) | $16.79 Billion | 22.68% | 2.03x | $83.64 Million |