TPC Power Holding Public Company Limited (TPCH) - Net Assets
Based on the latest financial reports, TPC Power Holding Public Company Limited (TPCH) has net assets worth ฿3.49 Billion THB (≈ $108.67 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 (฿7.30 Billion ≈ $227.66 Million USD) and total liabilities (฿3.82 Billion ≈ $118.99 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 TPC Power Holding Public Company Limited (TPCH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿3.49 Billion |
| % of Total Assets | 47.73% |
| Annual Growth Rate | 29.63% |
| 5-Year Change | -6.86% |
| 10-Year Change | 76.54% |
| Growth Volatility | 67.49 |
TPC Power Holding Public Company Limited - Net Assets Trend (2011–2024)
This chart illustrates how TPC Power Holding Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore TPC Power Holding Public Company Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for TPC Power Holding Public Company Limited (2011–2024)
The table below shows the annual net assets of TPC Power Holding Public Company Limited from 2011 to 2024. For live valuation and market cap data, see TPC Power Holding Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.77 Billion ≈ $117.60 Million |
-2.87% |
| 2023-12-31 | ฿3.88 Billion ≈ $121.07 Million |
-0.84% |
| 2022-12-31 | ฿3.92 Billion ≈ $122.09 Million |
+4.49% |
| 2021-12-31 | ฿3.75 Billion ≈ $116.84 Million |
-7.46% |
| 2020-12-31 | ฿4.05 Billion ≈ $126.25 Million |
+9.26% |
| 2019-12-31 | ฿3.71 Billion ≈ $115.55 Million |
+13.42% |
| 2018-12-31 | ฿3.27 Billion ≈ $101.88 Million |
+18.68% |
| 2017-12-31 | ฿2.75 Billion ≈ $85.84 Million |
+12.99% |
| 2016-12-31 | ฿2.44 Billion ≈ $75.97 Million |
+14.05% |
| 2015-12-31 | ฿2.14 Billion ≈ $66.61 Million |
+9.72% |
| 2014-12-31 | ฿1.95 Billion ≈ $60.71 Million |
+196.15% |
| 2013-12-31 | ฿657.74 Million ≈ $20.50 Million |
+188.53% |
| 2012-12-31 | ฿227.96 Million ≈ $7.11 Million |
+76.51% |
| 2011-12-31 | ฿129.15 Million ≈ $4.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TPC Power Holding 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 137259843800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.37 Billion | 42.50% |
| Common Stock | ฿401.20 Million | 12.43% |
| Other Comprehensive Income | ฿191.95 Million | 5.94% |
| Other Components | ฿1.26 Billion | 39.13% |
| Total Equity | ฿3.23 Billion | 100.00% |
TPC Power Holding Public Company Limited Competitors by Market Cap
The table below lists competitors of TPC Power Holding Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blackrock World Mining Trust Plc
LSE:BRWM
|
$21.26 Million |
|
Sah Polymers Limited
NSE:SAH
|
$21.26 Million |
|
Neometals Ltd
AU:NMT
|
$21.26 Million |
|
Bannari Amman Spinning Mills Limited
NSE:BASML
|
$21.26 Million |
|
Murano Global Investments PLC Ordinary Shares
NASDAQ:MRNO
|
$21.26 Million |
|
Invoicery Group AB
ST:FRILAN
|
$21.26 Million |
|
Pavonine Co Ltd
KQ:177830
|
$21.25 Million |
|
Sungchang Autotech Co. Ltd
KQ:080470
|
$21.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPC Power Holding Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,270,573,479 to 3,228,927,047, a change of -41,646,432 (-1.3%).
- Net income of 234,303,365 contributed positively to equity growth.
- Dividend payments of 304,109,035 reduced retained earnings.
- Other comprehensive income increased equity by 15,481,970.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿234.30 Million | +7.26% |
| Dividends Paid | ฿304.11 Million | -9.42% |
| Other Comprehensive Income | ฿15.48 Million | +0.48% |
| Other Changes | ฿12.68 Million | +0.39% |
| Total Change | ฿- | -1.27% |
Book Value vs Market Value Analysis
This analysis compares TPC Power Holding 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: 0.21x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ฿10.01 | ฿1.70 | x |
| 2013-12-31 | ฿2.06 | ฿1.70 | x |
| 2014-12-31 | ฿5.52 | ฿1.70 | x |
| 2015-12-31 | ฿4.42 | ฿1.70 | x |
| 2016-12-31 | ฿4.92 | ฿1.70 | x |
| 2017-12-31 | ฿5.41 | ฿1.70 | x |
| 2018-12-31 | ฿6.24 | ฿1.70 | x |
| 2019-12-31 | ฿6.98 | ฿1.70 | x |
| 2020-12-31 | ฿7.40 | ฿1.70 | x |
| 2021-12-31 | ฿7.19 | ฿1.70 | x |
| 2022-12-31 | ฿7.59 | ฿1.70 | x |
| 2023-12-31 | ฿8.15 | ฿1.70 | x |
| 2024-12-31 | ฿8.05 | ฿1.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPC Power Holding 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): 7.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.91%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.42x
- Recent ROE (7.26%) is below the historical average (8.51%), 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 | -0.21% | 0.00% | 0.00x | 4.43x | ฿-15.63 Million |
| 2013 | 2.15% | 6.86% | 0.15x | 2.06x | ฿-45.06 Million |
| 2014 | 1.65% | 11.03% | 0.08x | 1.79x | ฿-143.78 Million |
| 2015 | 2.63% | 15.29% | 0.09x | 1.86x | ฿-130.55 Million |
| 2016 | 10.18% | 29.92% | 0.15x | 2.25x | ฿3.59 Million |
| 2017 | 9.59% | 19.05% | 0.21x | 2.37x | ฿-9.00 Million |
| 2018 | 14.14% | 22.68% | 0.26x | 2.38x | ฿103.58 Million |
| 2019 | 20.53% | 35.03% | 0.21x | 2.79x | ฿295.07 Million |
| 2020 | 14.34% | 23.94% | 0.20x | 2.93x | ฿128.73 Million |
| 2021 | 9.95% | 11.62% | 0.26x | 3.30x | ฿-1.46 Million |
| 2022 | 9.62% | 11.05% | 0.29x | 3.04x | ฿-11.69 Million |
| 2023 | 8.82% | 10.12% | 0.37x | 2.37x | ฿-38.62 Million |
| 2024 | 7.26% | 9.91% | 0.30x | 2.42x | ฿-88.59 Million |
Industry Comparison
This section compares TPC Power Holding 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: $9,800,941,462
- Average return on equity (ROE) among peers: 19.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPC Power Holding Public Company Limited (TPCH) | ฿3.49 Billion | -0.21% | 1.10x | $21.26 Million |
| BCPG Public Company Limited (BCPG) | $0.00 | 0.00% | 0.00x | $658.30 Million |
| Energy Absolute Public Company Limited (EA) | $11.39 Billion | 28.55% | 2.64x | $611.13 Million |
| Green Resources Public Company Limited (GREEN) | $546.85 Million | 17.08% | 0.06x | $18.10 Million |
| SPCG Public Company Limited (SPCG) | $55.54 Million | 34.46% | 1.77x | $291.24 Million |
| Sermsang Power Corporation Public Company Limited (SSP) | $793.66 Million | 62.81% | 3.57x | $157.24 Million |
| Super Energy Corporation Public Company Limited (SUPER) | $21.50 Billion | 3.09% | 2.90x | $93.77 Million |
| Super Energy Corporation Public Company Limited (SUPER-R) | $14.70 Billion | 2.46% | 2.27x | $127.87 Million |
| TPI Polene Power Public Company Limited (TPIPP) | $33.20 Billion | 11.00% | 0.80x | $502.70 Million |
| TPI POLENE POWER (TPIPP-R) | $6.03 Billion | 12.32% | 0.19x | $596.95 Million |
About TPC Power Holding Public Company Limited
TPC Power Holding Public Company Limited, together with its subsidiaries, generates and distributes electricity in Thailand. It produces electricity from biomass, hydro, solar, wind, waste, and biogas power plants. TPC Power Holding Public Company Limited was incorporated in 2012 and is based in Bangkok, Thailand.