Union Plastic Public Company Limited
Union Plastic Public Company Limited manufactures and sells thermoplastics in Thailand. The company provides various plastic parts for automobiles, motorcycles, electrical appliances, household products, and vacuum bottles; and molds for automotive parts, motorcycle parts, electrical appliances, sanitary wares, and others. It offers contract manufacture and repair of molds; and technical support … Read more
Union Plastic Public Company Limited (UP) - Net Assets
Latest net assets as of September 2025: ฿618.32 Million THB
Based on the latest financial reports, Union Plastic Public Company Limited (UP) has net assets worth ฿618.32 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 (฿765.93 Million) and total liabilities (฿147.61 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 | ฿618.32 Million |
| % of Total Assets | 80.73% |
| Annual Growth Rate | 0.79% |
| 5-Year Change | 27.8% |
| 10-Year Change | 10.57% |
| Growth Volatility | 5.7 |
Union Plastic Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how Union Plastic 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 Plastic Public Company Limited (2003–2024)
The table below shows the annual net assets of Union Plastic Public Company Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿611.91 Million | +4.14% |
| 2023-12-31 | ฿587.59 Million | +9.48% |
| 2022-12-31 | ฿536.69 Million | +8.13% |
| 2021-12-31 | ฿496.32 Million | +3.66% |
| 2020-12-31 | ฿478.80 Million | +3.02% |
| 2019-12-31 | ฿464.75 Million | -7.07% |
| 2018-12-31 | ฿500.11 Million | -9.87% |
| 2017-12-31 | ฿554.89 Million | -0.77% |
| 2016-12-31 | ฿559.21 Million | +1.05% |
| 2015-12-31 | ฿553.42 Million | -4.10% |
| 2014-12-31 | ฿577.08 Million | -3.97% |
| 2013-12-31 | ฿600.92 Million | -1.91% |
| 2012-12-31 | ฿612.64 Million | +5.04% |
| 2011-12-31 | ฿583.25 Million | +3.27% |
| 2010-12-31 | ฿564.77 Million | +3.31% |
| 2009-12-31 | ฿546.68 Million | -10.62% |
| 2008-12-31 | ฿611.66 Million | +0.34% |
| 2007-12-31 | ฿609.56 Million | -1.08% |
| 2006-12-31 | ฿616.24 Million | +11.74% |
| 2005-12-31 | ฿551.50 Million | +4.11% |
| 2004-12-31 | ฿529.73 Million | +2.23% |
| 2003-12-31 | ฿518.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Plastic 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 41.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿60.48 Million | 9.88% |
| Other Components | ฿551.43 Million | 90.12% |
| Total Equity | ฿611.91 Million | 100.00% |
Union Plastic Public Company Limited Competitors by Market Cap
The table below lists competitors of Union Plastic Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burnpur Cement Limited
NSE:BURNPUR
|
$6.21 Million |
|
Obiz Concept SAS
PA:ALBIZ
|
$6.21 Million |
|
Bicicletas Monark S.A
SA:BMKS3
|
$6.21 Million |
|
Battery Age Minerals Ltd
AU:BM8
|
$6.21 Million |
|
CSP ITL FASHION GP EO-52
F:IIT
|
$6.20 Million |
|
Crescita Therapeutics Inc
PINK:CRRTF
|
$6.20 Million |
|
Altenergy Acquisition Corp
NASDAQ:AEAE
|
$6.20 Million |
|
MITSUI FUDOSAN LOG.PARK
F:85L
|
$6.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Plastic Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 587,591,288 to 611,912,027, a change of 24,320,739 (4.1%).
- Net income of 50,096,517 contributed positively to equity growth.
- Dividend payments of 29,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 130,506,284.
- Other factors increased equity by 134,230,506.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿50.10 Million | +8.19% |
| Dividends Paid | ฿29.50 Million | -4.82% |
| Other Comprehensive Income | ฿-130.51 Million | -21.33% |
| Other Changes | ฿134.23 Million | +21.94% |
| Total Change | ฿- | 4.14% |
Book Value vs Market Value Analysis
This analysis compares Union Plastic 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: 0.94x
- 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 decreased from 1.09x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿20.94 | ฿22.90 | x |
| 2006-12-31 | ฿23.28 | ฿22.90 | x |
| 2007-12-31 | ฿21.59 | ฿22.90 | x |
| 2008-12-31 | ฿23.33 | ฿22.90 | x |
| 2009-12-31 | ฿21.34 | ฿22.90 | x |
| 2010-12-31 | ฿22.21 | ฿22.90 | x |
| 2011-12-31 | ฿23.59 | ฿22.90 | x |
| 2012-12-31 | ฿24.52 | ฿22.90 | x |
| 2013-12-31 | ฿24.07 | ฿22.90 | x |
| 2014-12-31 | ฿23.13 | ฿22.90 | x |
| 2015-12-31 | ฿22.07 | ฿22.90 | x |
| 2016-12-31 | ฿22.34 | ฿22.90 | x |
| 2017-12-31 | ฿22.25 | ฿22.90 | x |
| 2018-12-31 | ฿19.99 | ฿22.90 | x |
| 2019-12-31 | ฿18.59 | ฿22.90 | x |
| 2020-12-31 | ฿19.15 | ฿22.90 | x |
| 2021-12-31 | ฿19.85 | ฿22.90 | x |
| 2022-12-31 | ฿21.47 | ฿22.90 | x |
| 2023-12-31 | ฿23.50 | ฿22.90 | x |
| 2024-12-31 | ฿24.48 | ฿22.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Plastic 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): 8.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.04%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.25x
- Recent ROE (8.19%) is above the historical average (6.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 10.21% | 5.94% | 1.15x | 1.49x | ฿1.05 Million |
| 2004 | 7.88% | 3.56% | 1.12x | 1.98x | ฿-10.84 Million |
| 2005 | 8.02% | 3.56% | 1.23x | 1.83x | ฿-10.37 Million |
| 2006 | 14.26% | 7.50% | 1.23x | 1.54x | ฿24.82 Million |
| 2007 | 10.02% | 5.53% | 1.23x | 1.48x | ฿94.82K |
| 2008 | 11.81% | 6.23% | 1.37x | 1.38x | ฿10.56 Million |
| 2009 | 2.56% | 1.86% | 1.00x | 1.37x | ฿-39.67 Million |
| 2010 | 9.09% | 5.45% | 1.25x | 1.33x | ฿-5.05 Million |
| 2011 | 10.03% | 7.29% | 1.09x | 1.27x | ฿144.84K |
| 2012 | 15.10% | 8.55% | 1.34x | 1.31x | ฿31.25 Million |
| 2013 | 12.22% | 7.59% | 1.27x | 1.27x | ฿13.31 Million |
| 2014 | 8.22% | 6.31% | 1.02x | 1.27x | ฿-10.30 Million |
| 2015 | 5.12% | 3.78% | 1.07x | 1.27x | ฿-27.01 Million |
| 2016 | 6.00% | 4.93% | 0.97x | 1.26x | ฿-22.38 Million |
| 2017 | 5.26% | 4.33% | 0.97x | 1.26x | ฿-26.31 Million |
| 2018 | -5.60% | -4.31% | 0.99x | 1.32x | ฿-78.03 Million |
| 2019 | -7.53% | -5.30% | 1.05x | 1.35x | ฿-81.45 Million |
| 2020 | -5.48% | -5.38% | 0.77x | 1.32x | ฿-74.10 Million |
| 2021 | 0.30% | 0.27% | 0.88x | 1.24x | ฿-48.16 Million |
| 2022 | 5.22% | 4.66% | 0.89x | 1.26x | ฿-25.66 Million |
| 2023 | 7.57% | 6.76% | 0.89x | 1.25x | ฿-14.28 Million |
| 2024 | 8.19% | 8.04% | 0.82x | 1.25x | ฿-11.09 Million |
Industry Comparison
This section compares Union Plastic Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,824,130,983
- Average return on equity (ROE) among peers: 5.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Plastic Public Company Limited (UP) | ฿618.32 Million | 10.21% | 0.24x | $6.20 Million |
| AAPICO Hitech Public Company Limited (AH) | $4.52 Billion | 5.09% | 1.05x | $75.69 Million |
| CPR Gomu Industrial PCL (CPR) | $475.50 Million | 13.62% | 0.18x | $3.23 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $755.29 Million | 3.98% | 1.02x | $8.58 Million |
| Fortune Parts Industry Public Company Limited (FPI) | $1.33 Billion | 15.39% | 1.11x | $17.95 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $2.88 Billion | 8.09% | 0.26x | $7.46 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $1.19 Billion | 0.00% | 0.28x | $37.35 Million |
| Interhides Public Company Limited (IHL) | $1.64 Billion | 3.49% | 1.44x | $6.94 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.46 Billion | -3.09% | 0.68x | $4.95 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $2.05 Billion | 7.34% | 0.80x | $15.61 Million |
| N.D. Rubber Public Company Limited (NDR) | $946.85 Million | 0.86% | 0.29x | $8.48 Million |