Utility Business Alliance PCL
Utility Business Alliance Public Company Limited provides technical engineering and other related services in Thailand. It undertakes the contracts for wastewater treatment system operation, which includes wastewater treatment system maintenance services. The company also offers integrated operation and maintenance services, including startup and commissioning, operation and water management, mai… Read more
Utility Business Alliance PCL (UBA) - Net Assets
Latest net assets as of September 2025: ฿626.39 Million THB
Based on the latest financial reports, Utility Business Alliance PCL (UBA) has net assets worth ฿626.39 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿706.67 Million) and total liabilities (฿80.28 Million). 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 | ฿626.39 Million |
| % of Total Assets | 88.64% |
| Annual Growth Rate | 27.47% |
| 5-Year Change | 225.05% |
| 10-Year Change | N/A |
| Growth Volatility | 43.98 |
Utility Business Alliance PCL - Net Assets Trend (2018–2024)
This chart illustrates how Utility Business Alliance PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Utility Business Alliance PCL (2018–2024)
The table below shows the annual net assets of Utility Business Alliance PCL from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿646.63 Million | +7.10% |
| 2023-12-31 | ฿603.75 Million | +7.68% |
| 2022-12-31 | ฿560.68 Million | +130.54% |
| 2021-12-31 | ฿243.21 Million | +22.25% |
| 2020-12-31 | ฿198.94 Million | +17.57% |
| 2019-12-31 | ฿169.21 Million | +12.31% |
| 2018-12-31 | ฿150.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Utility Business Alliance PCL'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 19.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿132.29 Million | 20.46% |
| Other Components | ฿514.34 Million | 79.54% |
| Total Equity | ฿646.63 Million | 100.00% |
Utility Business Alliance PCL Competitors by Market Cap
The table below lists competitors of Utility Business Alliance PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
A-Smart Holdings Ltd.
F:IOTA
|
$4.72 Million |
|
SMD100_SAINTMED
BK:SMD100
|
$4.72 Million |
|
Ramlosa Shipping Ab
ST:RAMSH
|
$4.72 Million |
|
Shinkin Central Bank
PINK:SKCBY
|
$4.73 Million |
|
Great Divide Mining Ltd
AU:GDM
|
$4.71 Million |
|
Pharmsville Co. Ltd
KQ:318010
|
$4.71 Million |
|
Crown Lifters Limited
NSE:CROWN
|
$4.70 Million |
|
Phapros Tbk PT
JK:PEHA
|
$4.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Utility Business Alliance PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 603,751,452 to 646,629,854, a change of 42,878,402 (7.1%).
- Net income of 72,182,918 contributed positively to equity growth.
- Dividend payments of 28,794,653 reduced retained earnings.
- Other comprehensive income decreased equity by 14,000,000.
- Other factors increased equity by 13,490,137.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿72.18 Million | +11.16% |
| Dividends Paid | ฿28.79 Million | -4.45% |
| Other Comprehensive Income | ฿-14.00 Million | -2.17% |
| Other Changes | ฿13.49 Million | +2.09% |
| Total Change | ฿- | 7.10% |
Book Value vs Market Value Analysis
This analysis compares Utility Business Alliance PCL'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: 0.99x
- 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 0.57x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿1.88 | ฿1.07 | x |
| 2019-12-31 | ฿2.12 | ฿1.07 | x |
| 2020-12-31 | ฿49.73 | ฿1.07 | x |
| 2021-12-31 | ฿42.12 | ฿1.07 | x |
| 2022-12-31 | ฿1.26 | ฿1.07 | x |
| 2023-12-31 | ฿1.01 | ฿1.07 | x |
| 2024-12-31 | ฿1.08 | ฿1.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Utility Business Alliance PCL 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): 11.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.85%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.13x
- Recent ROE (11.16%) is below the historical average (14.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 14.09% | 4.03% | 1.42x | 2.45x | ฿6.16 Million |
| 2019 | 9.95% | 3.57% | 1.44x | 1.94x | ฿-84.23K |
| 2020 | 21.83% | 8.21% | 1.43x | 1.86x | ฿23.54 Million |
| 2021 | 21.53% | 9.87% | 0.96x | 2.26x | ฿28.03 Million |
| 2022 | 12.13% | 10.25% | 0.82x | 1.44x | ฿11.94 Million |
| 2023 | 11.85% | 13.54% | 0.74x | 1.18x | ฿11.15 Million |
| 2024 | 11.16% | 12.85% | 0.77x | 1.13x | ฿7.52 Million |
Industry Comparison
This section compares Utility Business Alliance PCL's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,301,819,118
- Average return on equity (ROE) among peers: 7.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Utility Business Alliance PCL (UBA) | ฿626.39 Million | 14.09% | 0.13x | $4.71 Million |
| Akkhie Prakarn Public Company Limited (AKP) | $197.07 Million | 24.39% | 0.53x | $3.79 Million |
| Better World Green Public Company Limited (BWG) | $5.38 Billion | -0.95% | 0.60x | $46.84 Million |
| General Environmental Conservation Public Company Limited (GENCO) | $1.33 Billion | -1.75% | 0.16x | $5.44 Million |