Thai Agro Energy Public Company Limited
Thai Agro Energy Public Company Limited produces and distributes ethanol for fuel and soil conditioner in Thailand. It also offers potassium humate. The company was founded in 2001 and is headquartered in Bangkok, Thailand. Thai Agro Energy Public Company Limited operates as a subsidiary of Lanna Resources Public Company Limited.
Thai Agro Energy Public Company Limited (TAE) - Net Assets
Latest net assets as of September 2025: ฿1.65 Billion THB
Based on the latest financial reports, Thai Agro Energy Public Company Limited (TAE) has net assets worth ฿1.65 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 (฿2.79 Billion) and total liabilities (฿1.14 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 | ฿1.65 Billion |
| % of Total Assets | 59.07% |
| Annual Growth Rate | 4.69% |
| 5-Year Change | -6.81% |
| 10-Year Change | -1.61% |
| Growth Volatility | 13.61 |
Thai Agro Energy Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how Thai Agro Energy 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 Thai Agro Energy Public Company Limited (2011–2024)
The table below shows the annual net assets of Thai Agro Energy Public Company Limited from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿1.68 Billion | +1.36% |
| 2023-12-31 | ฿1.65 Billion | +2.23% |
| 2022-12-31 | ฿1.62 Billion | -5.14% |
| 2021-12-31 | ฿1.71 Billion | -5.19% |
| 2020-12-31 | ฿1.80 Billion | -7.08% |
| 2019-12-31 | ฿1.94 Billion | +9.23% |
| 2018-12-31 | ฿1.77 Billion | +8.86% |
| 2017-12-31 | ฿1.63 Billion | -5.99% |
| 2016-12-31 | ฿1.73 Billion | +1.65% |
| 2015-12-31 | ฿1.70 Billion | +5.86% |
| 2014-12-31 | ฿1.61 Billion | +46.15% |
| 2013-12-31 | ฿1.10 Billion | +1.26% |
| 2012-12-31 | ฿1.09 Billion | +17.77% |
| 2011-12-31 | ฿923.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Agro Energy 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 58.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿194.80 Million | 11.62% |
| Common Stock | ฿1.00 Billion | 59.66% |
| Other Comprehensive Income | ฿292.56 Million | 17.45% |
| Other Components | ฿188.80 Million | 11.26% |
| Total Equity | ฿1.68 Billion | 100.00% |
Thai Agro Energy Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Agro Energy Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COSTCO WHSL
MU:CTO
|
$8.47 Million |
|
N.D. Rubber Public Company Limited
BK:NDR
|
$8.48 Million |
|
Poulaillon SA
PA:ALPOU
|
$8.48 Million |
|
IDT Australia Ltd
AU:IDT
|
$8.48 Million |
|
Rocketdna Ltd
AU:RKT
|
$8.46 Million |
|
Vrancart Adjud
RO:VNC
|
$8.46 Million |
|
PLANETEL SPA
F:0A7
|
$8.46 Million |
|
Sama Resources Inc
PINK:SAMMF
|
$8.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Agro Energy Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,653,694,660 to 1,676,152,895, a change of 22,458,235 (1.4%).
- Net income of 22,458,235 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿22.46 Million | +1.34% |
| Total Change | ฿- | 1.36% |
Book Value vs Market Value Analysis
This analysis compares Thai Agro Energy 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: 0.46x
- 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 0.57x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿1.36 | ฿0.77 | x |
| 2013-12-31 | ฿1.38 | ฿0.77 | x |
| 2014-12-31 | ฿1.76 | ฿0.77 | x |
| 2015-12-31 | ฿1.70 | ฿0.77 | x |
| 2016-12-31 | ฿1.73 | ฿0.77 | x |
| 2017-12-31 | ฿1.63 | ฿0.77 | x |
| 2018-12-31 | ฿1.77 | ฿0.77 | x |
| 2019-12-31 | ฿1.94 | ฿0.77 | x |
| 2020-12-31 | ฿1.80 | ฿0.77 | x |
| 2021-12-31 | ฿1.71 | ฿0.77 | x |
| 2022-12-31 | ฿1.62 | ฿0.77 | x |
| 2023-12-31 | ฿1.65 | ฿0.77 | x |
| 2024-12-31 | ฿1.68 | ฿0.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Agro Energy 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): 1.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.99%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.73x
- Recent ROE (1.34%) is below the historical average (8.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.09% | 12.15% | 0.56x | 2.23x | ฿55.33 Million |
| 2013 | 10.69% | 7.09% | 0.57x | 2.62x | ฿7.57 Million |
| 2014 | 13.63% | 8.79% | 0.74x | 2.10x | ฿58.39 Million |
| 2015 | 14.34% | 9.39% | 0.80x | 1.90x | ฿73.92 Million |
| 2016 | 10.29% | 7.37% | 0.75x | 1.86x | ฿4.94 Million |
| 2017 | 3.00% | 1.98% | 0.87x | 1.74x | ฿-113.93 Million |
| 2018 | 16.61% | 10.92% | 0.71x | 2.13x | ฿117.06 Million |
| 2019 | 26.53% | 20.27% | 0.61x | 2.14x | ฿320.04 Million |
| 2020 | 3.90% | 2.92% | 0.72x | 1.87x | ฿-109.70 Million |
| 2021 | -3.43% | -2.65% | 0.65x | 1.99x | ฿-228.94 Million |
| 2022 | -5.31% | -4.29% | 0.56x | 2.23x | ฿-247.64 Million |
| 2023 | 1.83% | 1.14% | 0.86x | 1.87x | ฿-135.09 Million |
| 2024 | 1.34% | 0.99% | 0.78x | 1.73x | ฿-145.16 Million |
Industry Comparison
This section compares Thai Agro Energy Public Company Limited's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $18,909,339,934
- Average return on equity (ROE) among peers: 13.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Agro Energy Public Company Limited (TAE) | ฿1.65 Billion | 15.09% | 0.69x | $8.47 Million |
| Global Green Chemicals Public Company Limited (GGC) | $9.52 Billion | -2.78% | 0.19x | $20.03 Million |
| Indorama Ventures PCL (IVL) | $82.95 Billion | 7.97% | 1.67x | $1.18 Billion |
| Golden Lime PCL (SUTHA) | $287.13 Million | 35.13% | 1.76x | $3.90 Million |
| UAC Global Public Company Limited (UAC) | $1.44 Billion | 11.35% | 1.11x | $15.35 Million |
| Union Petrochemical Public Company Limited (UKEM) | $347.74 Million | 14.25% | 2.05x | $11.72 Million |