Union Petrochemical Public Company Limited (UKEM) - Net Assets
Based on the latest financial reports, Union Petrochemical Public Company Limited (UKEM) has net assets worth ฿897.69 Million THB (≈ $27.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.84 Billion ≈ $57.39 Million USD) and total liabilities (฿943.43 Million ≈ $29.41 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 tangible net worth ratio of Union Petrochemical Public Company Limit to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿897.69 Million |
| % of Total Assets | 48.76% |
| Annual Growth Rate | 5.56% |
| 5-Year Change | -34.12% |
| 10-Year Change | -29.15% |
| Growth Volatility | 16.14 |
Union Petrochemical Public Company Limited - Net Assets Trend (2008–2025)
This chart illustrates how Union Petrochemical Public Company Limited's net assets have evolved over time, based on quarterly financial data. See Union Petrochemical Public Company Limit defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Union Petrochemical Public Company Limited (2008–2025)
The table below shows the annual net assets of Union Petrochemical Public Company Limited from 2008 to 2025. For live valuation and market cap data, see Union Petrochemical Public Company Limit market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿797.67 Million ≈ $24.86 Million |
+5.95% |
| 2024-12-31 | ฿752.86 Million ≈ $23.47 Million |
-8.22% |
| 2023-12-31 | ฿820.31 Million ≈ $25.57 Million |
-18.80% |
| 2022-12-31 | ฿1.01 Billion ≈ $31.49 Million |
-16.56% |
| 2021-12-31 | ฿1.21 Billion ≈ $37.74 Million |
-0.83% |
| 2020-12-31 | ฿1.22 Billion ≈ $38.05 Million |
-9.85% |
| 2019-12-31 | ฿1.35 Billion ≈ $42.21 Million |
+4.60% |
| 2018-12-31 | ฿1.29 Billion ≈ $40.36 Million |
-0.11% |
| 2017-12-31 | ฿1.30 Billion ≈ $40.40 Million |
+15.13% |
| 2016-12-31 | ฿1.13 Billion ≈ $35.09 Million |
+17.05% |
| 2015-12-31 | ฿961.89 Million ≈ $29.98 Million |
+8.49% |
| 2014-12-31 | ฿886.62 Million ≈ $27.64 Million |
+16.96% |
| 2013-12-31 | ฿758.04 Million ≈ $23.63 Million |
+8.56% |
| 2012-12-31 | ฿698.29 Million ≈ $21.77 Million |
+11.48% |
| 2011-12-31 | ฿626.38 Million ≈ $19.52 Million |
+53.59% |
| 2010-12-31 | ฿407.81 Million ≈ $12.71 Million |
+17.28% |
| 2009-12-31 | ฿347.74 Million ≈ $10.84 Million |
+9.36% |
| 2008-12-31 | ฿317.99 Million ≈ $9.91 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 317.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿382.40 Million | 48.27% |
| Common Stock | ฿290.51 Million | 36.67% |
| Other Comprehensive Income | ฿97.55 Million | 12.31% |
| Other Components | ฿21.82 Million | 2.75% |
| Total Equity | ฿792.28 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 |
|---|---|
|
Zedge Inc
NYSE MKT:ZDGE
|
$31.42 Million |
|
GoviEx Uranium Inc
V:GXU
|
$31.42 Million |
|
Kayee International Group Co Ltd
TW:2939
|
$31.43 Million |
|
Monks Investment Trust PLC
LSE:MNKS
|
$31.43 Million |
|
Axe Compute Inc.
NASDAQ:AGPU
|
$31.41 Million |
|
Groupe Canal Plus
LSE:CAN
|
$31.38 Million |
|
Nordic Iron Ore
ST:NIO
|
$31.35 Million |
|
Micro Digital Co. Ltd
KQ:305090
|
$31.35 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 2024 to 2025, total equity changed from 748,530,570 to 792,282,983, a change of 43,752,413 (5.8%).
- Net income of 54,354,897 contributed positively to equity growth.
- Dividend payments of 10,835,949 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿54.35 Million | +6.86% |
| Dividends Paid | ฿10.84 Million | -1.37% |
| Other Changes | ฿233.47K | +0.03% |
| Total Change | ฿- | 5.85% |
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: 1.27x
- 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 2.90x to 1.27x 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 | ฿0.93 | x |
| 2009-12-31 | ฿0.35 | ฿0.93 | x |
| 2010-12-31 | ฿0.37 | ฿0.93 | x |
| 2011-12-31 | ฿0.54 | ฿0.93 | x |
| 2012-12-31 | ฿0.50 | ฿0.93 | x |
| 2013-12-31 | ฿0.55 | ฿0.93 | x |
| 2014-12-31 | ฿0.60 | ฿0.93 | x |
| 2015-12-31 | ฿0.62 | ฿0.93 | x |
| 2016-12-31 | ฿0.73 | ฿0.93 | x |
| 2017-12-31 | ฿0.81 | ฿0.93 | x |
| 2018-12-31 | ฿0.74 | ฿0.93 | x |
| 2019-12-31 | ฿0.80 | ฿0.93 | x |
| 2020-12-31 | ฿0.83 | ฿0.93 | x |
| 2021-12-31 | ฿0.88 | ฿0.93 | x |
| 2022-12-31 | ฿0.72 | ฿0.93 | x |
| 2023-12-31 | ฿0.70 | ฿0.93 | x |
| 2024-12-31 | ฿0.68 | ฿0.93 | x |
| 2025-12-31 | ฿0.73 | ฿0.93 | 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): 6.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.07%
- • Asset Turnover: 1.55x
- • Equity Multiplier: 2.15x
- Recent ROE (6.86%) is below the historical average (10.42%), 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 |
| 2025 | 6.86% | 2.07% | 1.55x | 2.15x | ฿-24.87 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: $19,830,740,950
- Average return on equity (ROE) among peers: 5.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Petrochemical Public Company Limited (UKEM) | ฿897.69 Million | 14.89% | 1.05x | $31.42 Million |
| Global Green Chemicals Public Company Limited (GGC) | $7.79 Billion | 13.71% | 0.34x | $114.86 Million |
| Indorama Ventures PCL (IVL) | $82.95 Billion | 7.97% | 1.67x | $3.87 Billion |
| PTT Global Chemical Public Company Limited (PTTGC) | $24.17 Billion | 0.00% | 0.23x | $4.53 Billion |
| Golden Lime PCL (SUTHA) | $1.01 Billion | 6.12% | 1.15x | $31.63 Million |
| Thai Agro Energy Public Company Limited (TAE) | $1.62 Billion | -5.31% | 1.23x | $44.88 Million |
| UAC Global Public Company Limited (UAC) | $1.44 Billion | 11.35% | 1.11x | $54.52 Million |
About Union Petrochemical Public Company Limited
Union Petrochemical Public Company Limited engages in the 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 isoparaffinic hydrocarbons; l… Read more