Sermsang Power Corporation Public Company Limited (SSP) - Net Assets
Based on the latest financial reports, Sermsang Power Corporation Public Company Limited (SSP) has net assets worth ฿7.85 Billion THB (≈ $244.65 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 (฿25.38 Billion ≈ $791.08 Million USD) and total liabilities (฿17.53 Billion ≈ $546.43 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 Sermsang Power Corporation Public Compan (SSP) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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. See SSP days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Sermsang Power Corporation Public Compan market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿8.10 Billion ≈ $252.48 Million |
-4.33% |
| 2023-12-31 | ฿8.47 Billion ≈ $263.90 Million |
+2.29% |
| 2022-12-31 | ฿8.28 Billion ≈ $257.99 Million |
+29.85% |
| 2021-12-31 | ฿6.37 Billion ≈ $198.68 Million |
+40.34% |
| 2020-12-31 | ฿4.54 Billion ≈ $141.57 Million |
+13.64% |
| 2019-12-31 | ฿4.00 Billion ≈ $124.58 Million |
+3.60% |
| 2018-12-31 | ฿3.86 Billion ≈ $120.26 Million |
+12.76% |
| 2017-12-31 | ฿3.42 Billion ≈ $106.65 Million |
+163.83% |
| 2016-12-31 | ฿1.30 Billion ≈ $40.42 Million |
+63.41% |
| 2015-12-31 | ฿793.66 Million ≈ $24.74 Million |
+83.97% |
| 2014-12-31 | ฿431.40 Million ≈ $13.45 Million |
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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 |
|---|---|
|
New Fortress Energy LLC
NASDAQ:NFE
|
$151.04 Million |
|
Sahamitr Pressure Container Public Company Limited
BK:SMPC
|
$151.06 Million |
|
Thong Guan Industries Bhd
KLSE:7034
|
$151.16 Million |
|
Stratus Properties Inc
NASDAQ:STRS
|
$151.18 Million |
|
Comstock Holding Companies Inc
NASDAQ:CHCI
|
$150.99 Million |
|
Thor Medical ASA
OL:TRMED
|
$150.96 Million |
|
Byggmästare Anders J Ahlström Holding AB (publ)
ST:AJA-B
|
$150.94 Million |
|
COPRD
NYSE MKT:COPRD
|
$150.91 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: 0.65x
- 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 11.04x to 0.65x 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 | ฿3.88 | x |
| 2015-12-31 | ฿0.65 | ฿3.88 | x |
| 2016-12-31 | ฿1.01 | ฿3.88 | x |
| 2017-12-31 | ฿3.30 | ฿3.88 | x |
| 2018-12-31 | ฿2.88 | ฿3.88 | x |
| 2019-12-31 | ฿3.08 | ฿3.88 | x |
| 2020-12-31 | ฿3.12 | ฿3.88 | x |
| 2021-12-31 | ฿4.76 | ฿3.88 | x |
| 2022-12-31 | ฿5.69 | ฿3.88 | x |
| 2023-12-31 | ฿5.85 | ฿3.88 | x |
| 2024-12-31 | ฿5.96 | ฿3.88 | 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: $9,918,874,976
- Average return on equity (ROE) among peers: 7.46%
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 | $151.02 Million |
| BCPG Public Company Limited (BCPG) | $15.56 Billion | 11.58% | 1.39x | $639.62 Million |
| Energy Absolute Public Company Limited (EA) | $1.14 Billion | 9.38% | 1.23x | $689.83 Million |
| Green Resources Public Company Limited (GREEN) | $859.69 Million | -0.30% | 0.32x | $18.61 Million |
| SPCG Public Company Limited (SPCG) | $11.21 Billion | 22.52% | 1.05x | $289.59 Million |
| Super Energy Corporation Public Company Limited (SUPER) | $16.22 Billion | 7.92% | 1.89x | $110.82 Million |
| Super Energy Corporation Public Company Limited (SUPER-R) | $12.25 Billion | -5.82% | 2.22x | $127.87 Million |
| TPC Power Holding Public Company Limited (TPCH) | $657.74 Million | 1.88% | 0.80x | $17.38 Million |
| TPI Polene Power Public Company Limited (TPIPP) | $25.05 Billion | 14.77% | 0.26x | $458.19 Million |
| TPI POLENE POWER (TPIPP-R) | $6.33 Billion | 5.21% | 0.29x | $596.95 Million |
About 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