Union Petrochemical Public Company Limited (UKEM) - Net Assets

Latest as of September 2025: ฿799.29 Million THB ≈ $24.91 Million USD

Based on the latest financial reports, Union Petrochemical Public Company Limited (UKEM) has net assets worth ฿799.29 Million THB (≈ $24.91 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 (฿1.74 Billion ≈ $54.30 Million USD) and total liabilities (฿942.85 Million ≈ $29.39 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 asset resilience ratio of Union Petrochemical Public Company Limit to evaluate the company's liquid asset resilience ratio.

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. Also explore UKEM total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Union Petrochemical Public Company Limit market capitalisation.

Year	Net Assets	Change
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 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
First Graphene Ltd AU:FGR	$39.87 Million
SK Chemicals Co Ltd Pref KO:28513K	$39.91 Million
Staatl. Mineralbrunnen AG MU:SLB	$39.92 Million
TREJHARA SOLUTIONS LIMITED NSE:TREJHARA	$39.92 Million
Merko Gida Sanayi ve Ticaret AS IS:MERKO	$39.86 Million
Compumedics Ltd AU:CMP	$39.86 Million
Prime Oil Chemical Service Corp TW:2904	$39.85 Million
Latrobe Magnesium Ltd AU:LMG	$39.84 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: 1.71x
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 3.67x to 1.71x 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	฿1.18	x
2009-12-31	฿0.35	฿1.18	x
2010-12-31	฿0.37	฿1.18	x
2011-12-31	฿0.54	฿1.18	x
2012-12-31	฿0.50	฿1.18	x
2013-12-31	฿0.55	฿1.18	x
2014-12-31	฿6.63	฿1.18	x
2015-12-31	฿0.62	฿1.18	x
2016-12-31	฿0.73	฿1.18	x
2017-12-31	฿0.81	฿1.18	x
2018-12-31	฿0.74	฿1.18	x
2019-12-31	฿0.80	฿1.18	x
2020-12-31	฿0.83	฿1.18	x
2021-12-31	฿0.88	฿1.18	x
2022-12-31	฿0.72	฿1.18	x
2023-12-31	฿0.70	฿1.18	x
2024-12-31	฿0.69	฿1.18	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: $72,165,664,142
Average return on equity (ROE) among peers: 3.37%

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	$39.87 Million
Global Green Chemicals Public Company Limited (GGC)	$9.82 Billion	-2.05%	0.39x	$125.71 Million
Indorama Ventures PCL (IVL)	$138.93 Billion	-13.86%	2.90x	$4.51 Billion
PTT Global Chemical Public Company Limited (PTTGC)	$280.26 Billion	14.87%	0.55x	$5.55 Billion
Golden Lime PCL (SUTHA)	$1.01 Billion	4.56%	1.19x	$25.75 Million
Thai Agro Energy Public Company Limited (TAE)	$1.70 Billion	14.34%	0.90x	$35.22 Million
UAC Global Public Company Limited (UAC)	$1.27 Billion	2.34%	1.35x	$55.35 Million

About Union Petrochemical Public Company Limited

BK:UKEM Thailand Chemicals

Market Cap

$39.87 Million

฿1.28 Billion THB

Market Cap Rank

#22700 Global

#398 in Thailand

Share Price

฿1.18

Change (1 day)

-3.28%

52-Week Range

฿0.44 - ฿1.22

All Time High

฿4.36