Sermsang Power Corporation Public Company Limited
Sermsang Power Corporation Public Company Limited operates in the renewable energy business in Thailand, Japan, Vietnam, Mongolia, and Indonesia. The company produces electricity through solar farms, wind power plants, biomass power plants, etc. It also engages in the installation and services of solar roof systems. In addition, the company provides investment and consultancy services. Further, i… Read more
Sermsang Power Corporation Public Company Limited (SSP) - Net Assets
Latest net assets as of September 2025: ฿7.85 Billion THB
Based on the latest financial reports, Sermsang Power Corporation Public Company Limited (SSP) has net assets worth ฿7.85 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 (฿25.38 Billion) and total liabilities (฿17.53 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 | ฿7.85 Billion |
| % of Total Assets | 30.93% |
| Annual Growth Rate | 34.07% |
| 5-Year Change | 78.35% |
| 10-Year Change | 920.64% |
| Growth Volatility | 49.05 |
Sermsang Power Corporation Public Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how Sermsang Power Corporation 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 Sermsang Power Corporation Public Company Limited (2014–2024)
The table below shows the annual net assets of Sermsang Power Corporation Public Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿8.10 Billion | -4.33% |
| 2023-12-31 | ฿8.47 Billion | +2.29% |
| 2022-12-31 | ฿8.28 Billion | +29.85% |
| 2021-12-31 | ฿6.37 Billion | +40.34% |
| 2020-12-31 | ฿4.54 Billion | +13.64% |
| 2019-12-31 | ฿4.00 Billion | +3.60% |
| 2018-12-31 | ฿3.86 Billion | +12.76% |
| 2017-12-31 | ฿3.42 Billion | +163.83% |
| 2016-12-31 | ฿1.30 Billion | +63.41% |
| 2015-12-31 | ฿793.66 Million | +83.97% |
| 2014-12-31 | ฿431.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sermsang Power Corporation 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 433046861100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿4.29 Billion | 56.11% |
| Other Components | ฿3.36 Billion | 43.89% |
| Total Equity | ฿7.65 Billion | 100.00% |
Sermsang Power Corporation Public Company Limited Competitors by Market Cap
The table below lists competitors of Sermsang Power Corporation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apex Critical Metals Corp.
OTCQB:APXCF
|
$44.44 Million |
|
Tirupati Forge Limited
NSE:TIRUPATIFL
|
$44.46 Million |
|
Ion Electronic Materials Co., Ltd.
TWO:6959
|
$44.46 Million |
|
Kenorland Minerals Ltd
OTCQX:KLDCF
|
$44.47 Million |
|
BURELLE SA NOM. EO 15
F:7SP
|
$44.44 Million |
|
LIFETIME BRANDS DL-01
F:LH1
|
$44.41 Million |
|
L.P.N. Development Public Company Limited
BK:LPN
|
$44.41 Million |
|
Raute Oyj
HE:RAUTE
|
$44.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sermsang Power Corporation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,033,812,653 to 7,652,852,584, a change of -380,960,069 (-4.7%).
- Net income of 754,394,773 contributed positively to equity growth.
- Dividend payments of 128,627,327 reduced retained earnings.
- Other comprehensive income decreased equity by 261,214,706.
- Other factors decreased equity by 745,512,809.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿754.39 Million | +9.86% |
| Dividends Paid | ฿128.63 Million | -1.68% |
| Other Comprehensive Income | ฿-261.21 Million | -3.41% |
| Other Changes | ฿-745.51 Million | -9.74% |
| Total Change | ฿- | -4.74% |
Book Value vs Market Value Analysis
This analysis compares Sermsang Power Corporation 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: 0.57x
- 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 9.61x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿0.35 | ฿3.38 | x |
| 2015-12-31 | ฿0.65 | ฿3.38 | x |
| 2016-12-31 | ฿1.01 | ฿3.38 | x |
| 2017-12-31 | ฿3.30 | ฿3.38 | x |
| 2018-12-31 | ฿2.88 | ฿3.38 | x |
| 2019-12-31 | ฿3.08 | ฿3.38 | x |
| 2020-12-31 | ฿3.12 | ฿3.38 | x |
| 2021-12-31 | ฿4.76 | ฿3.38 | x |
| 2022-12-31 | ฿5.69 | ฿3.38 | x |
| 2023-12-31 | ฿5.85 | ฿3.38 | x |
| 2024-12-31 | ฿5.96 | ฿3.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sermsang Power Corporation 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: 21.77%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.23x
- Recent ROE (9.86%) is below the historical average (18.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -6.96% | -3337.57% | 0.00x | 7.09x | ฿-73.16 Million |
| 2015 | 62.81% | 170.19% | 0.08x | 4.57x | ฿419.13 Million |
| 2016 | 36.13% | 157.07% | 0.06x | 4.00x | ฿324.43 Million |
| 2017 | 10.27% | 38.98% | 0.11x | 2.50x | ฿9.05 Million |
| 2018 | 13.64% | 86.00% | 0.05x | 3.37x | ฿128.67 Million |
| 2019 | 14.45% | 61.84% | 0.07x | 3.45x | ฿167.97 Million |
| 2020 | 17.51% | 56.20% | 0.08x | 3.83x | ฿315.78 Million |
| 2021 | 14.60% | 42.15% | 0.08x | 4.09x | ฿270.60 Million |
| 2022 | 16.74% | 41.76% | 0.15x | 2.74x | ฿524.21 Million |
| 2023 | 10.11% | 26.44% | 0.15x | 2.62x | ฿8.97 Million |
| 2024 | 9.86% | 21.77% | 0.14x | 3.23x | ฿-10.89 Million |
Industry Comparison
This section compares Sermsang Power Corporation Public Company Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $7,074,167,484
- Average return on equity (ROE) among peers: 6.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sermsang Power Corporation Public Company Limited (SSP) | ฿7.85 Billion | -6.96% | 2.23x | $44.44 Million |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| Absolute Clean Energy PCL (ACE) | $14.18 Billion | 9.04% | 0.41x | $77.52 Million |
| ABSOLUTE CLEAN ENERGY (ACE-R) | $276.78 Million | -1.23% | 37.38x | $79.91 Million |
| BBGI PCL (BBGI) | $6.50 Billion | 12.99% | 0.96x | $41.12 Million |
| BCPG Public Company Limited (BCPG) | $27.23 Billion | 7.39% | 1.16x | $229.34 Million |
| Clover Power PCL (CV) | $590.77 Million | 33.82% | 2.29x | $553.20K |
| Energy Absolute Public Company Limited (EA) | $19.52 Billion | 25.49% | 2.03x | $424.82 Million |
| Earth Tech Environment Public Company Limited (ETC) | $222.14 Million | -9.24% | 1.12x | $13.55 Million |
| Green Resources Public Company Limited (GREEN) | $767.18 Million | -4.00% | 0.36x | $7.02 Million |
| Meta Corporation Public Company Limited (META) | $1.31 Billion | -8.12% | 0.39x | $2.59 Million |