Union Petrochemical Public Company Limited

BK:UKEM Thailand Chemicals
Market Cap
$21.88 Million
฿758.73 Million THB
Market Cap Rank
#27836 Global
#486 in Thailand
Share Price
฿0.70
Change (1 day)
+1.45%
52-Week Range
฿0.41 - ฿0.75
All Time High
฿4.36
Categories
Companies in Thailand Chemicals
About

Union Petrochemical Public Company Limited engages in import and distribution of chemical products in Thailand. It operates through three segments: Commodity Chemicals, Specialty Chemicals, and Other. The company offers solvents, including oxygenated alcohols, glycols, ketones, esters, and glycol ethers; aromatic and non-dearomatized, saturated, dearomatized, and isoparaffins hydrocarbon; liquid … Read more

Union Petrochemical Public Company Limited (UKEM) - Net Assets

Latest net assets as of September 2025: ฿799.29 Million THB

Based on the latest financial reports, Union Petrochemical Public Company Limited (UKEM) has net assets worth ฿799.29 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 (฿1.74 Billion) and total liabilities (฿942.85 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 ฿799.29 Million
% of Total Assets 45.88%
Annual Growth Rate 5.53%
5-Year Change -38.34%
10-Year Change -21.73%
Growth Volatility 16.63

Union Petrochemical Public Company Limited - Net Assets Trend (2008–2024)

This chart illustrates how Union Petrochemical 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 Union Petrochemical Public Company Limited (2008–2024)

The table below shows the annual net assets of Union Petrochemical Public Company Limited from 2008 to 2024.

Year Net Assets Change
2024-12-31 ฿752.86 Million -8.22%
2023-12-31 ฿820.31 Million -18.80%
2022-12-31 ฿1.01 Billion -16.56%
2021-12-31 ฿1.21 Billion -0.83%
2020-12-31 ฿1.22 Billion -9.85%
2019-12-31 ฿1.35 Billion +4.60%
2018-12-31 ฿1.29 Billion -0.11%
2017-12-31 ฿1.30 Billion +15.13%
2016-12-31 ฿1.13 Billion +17.05%
2015-12-31 ฿961.89 Million +8.49%
2014-12-31 ฿886.62 Million +16.96%
2013-12-31 ฿758.04 Million +8.56%
2012-12-31 ฿698.29 Million +11.48%
2011-12-31 ฿626.38 Million +53.59%
2010-12-31 ฿407.81 Million +17.28%
2009-12-31 ฿347.74 Million +9.36%
2008-12-31 ฿317.99 Million --

Equity Component Analysis

This analysis shows how different components contribute to Union Petrochemical 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 270.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿338.65 Million 45.24%
Other Components ฿409.88 Million 54.76%
Total Equity ฿748.53 Million 100.00%

Union Petrochemical Public Company Limited Competitors by Market Cap

The table below lists competitors of Union Petrochemical Public Company Limited ranked by their market capitalization.

Company Market Cap
Silver Ridge Holdings Bhd
KLSE:0129
 		$11.73 Million
Tulikivi Oyj A
HE:TULAV
 		$11.74 Million
Lipidor Ab
ST:LIPI
 		$11.74 Million
24SevenOffice Scandinavia AB
ST:247
 		$11.74 Million
Barloworld Ltd
JSE:BAW
 		$11.72 Million
Gem Diamonds Limited
PINK:GMDMF
 		$11.72 Million
Trivarx Ltd
AU:TRI
 		$11.72 Million
Autopedia Sukses Lestari Tbk PT
JK:ASLC
 		$11.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Union Petrochemical Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 816,985,423 to 748,530,570, a change of -68,454,853 (-8.4%).
  • Net income of 6,263,956 contributed positively to equity growth.
  • Dividend payments of 11,219,701 reduced retained earnings.
  • Share repurchases of 63,499,108 reduced equity.
  • Other comprehensive income decreased equity by 34,052,100.
  • Other factors increased equity by 34,052,100.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿6.26 Million +0.84%
Dividends Paid ฿11.22 Million -1.5%
Share Repurchases ฿63.50 Million -8.48%
Other Comprehensive Income ฿-34.05 Million -4.55%
Other Changes ฿34.05 Million +4.55%
Total Change ฿- -8.38%

Book Value vs Market Value Analysis

This analysis compares Union Petrochemical 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: 1.01x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 2.18x to 1.01x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 ฿0.32 ฿0.70 x
2009-12-31 ฿0.35 ฿0.70 x
2010-12-31 ฿0.37 ฿0.70 x
2011-12-31 ฿0.54 ฿0.70 x
2012-12-31 ฿0.50 ฿0.70 x
2013-12-31 ฿0.55 ฿0.70 x
2014-12-31 ฿6.63 ฿0.70 x
2015-12-31 ฿0.62 ฿0.70 x
2016-12-31 ฿0.73 ฿0.70 x
2017-12-31 ฿0.81 ฿0.70 x
2018-12-31 ฿0.74 ฿0.70 x
2019-12-31 ฿0.80 ฿0.70 x
2020-12-31 ฿0.83 ฿0.70 x
2021-12-31 ฿0.88 ฿0.70 x
2022-12-31 ฿0.72 ฿0.70 x
2023-12-31 ฿0.70 ฿0.70 x
2024-12-31 ฿0.69 ฿0.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Union Petrochemical 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): 0.84%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.20%
  • • Asset Turnover: 1.84x
  • • Equity Multiplier: 2.32x
  • Recent ROE (0.84%) is below the historical average (10.62%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 14.89% 1.87% 2.83x 2.82x ฿15.54 Million
2009 14.25% 2.41% 1.93x 3.05x ฿14.77 Million
2010 20.17% 3.22% 1.91x 3.28x ฿41.45 Million
2011 24.16% 4.64% 1.98x 2.63x ฿88.70 Million
2012 18.80% 3.06% 1.89x 3.26x ฿51.77 Million
2013 10.56% 1.83% 1.82x 3.17x ฿3.52 Million
2014 8.84% 1.72% 1.88x 2.74x ฿-8.48 Million
2015 9.78% 2.49% 1.59x 2.48x ฿-1.71 Million
2016 15.88% 5.05% 1.42x 2.21x ฿53.01 Million
2017 12.60% 4.14% 1.39x 2.19x ฿25.96 Million
2018 3.88% 1.15% 1.38x 2.46x ฿-58.05 Million
2019 11.93% 4.22% 1.27x 2.23x ฿19.31 Million
2020 9.50% 3.82% 1.26x 1.98x ฿-5.14 Million
2021 11.27% 3.83% 1.31x 2.24x ฿13.08 Million
2022 -7.50% -2.03% 1.50x 2.46x ฿-145.68 Million
2023 0.79% 0.23% 1.68x 2.06x ฿-75.24 Million
2024 0.84% 0.20% 1.84x 2.32x ฿-68.59 Million

Industry Comparison

This section compares Union Petrochemical Public Company Limited's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $19,199,530,875
  • Average return on equity (ROE) among peers: 11.11%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Union Petrochemical Public Company Limited (UKEM) ฿799.29 Million 14.89% 1.18x $11.72 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
Thai Agro Energy Public Company Limited (TAE) $1.80 Billion 3.90% 0.87x $8.47 Million
UAC Global Public Company Limited (UAC) $1.44 Billion 11.35% 1.11x $15.35 Million