United Palm Oil Industry Public Company Limited (UPOIC) - Net Assets

Latest as of September 2025: ฿1.67 Billion THB ≈ $52.16 Million USD

Based on the latest financial reports, United Palm Oil Industry Public Company Limited (UPOIC) has net assets worth ฿1.67 Billion THB (≈ $52.16 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 (฿1.91 Billion ≈ $59.38 Million USD) and total liabilities (฿231.90 Million ≈ $7.23 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 UPOIC financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.67 Billion
% of Total Assets	87.83%
Annual Growth Rate	2.65%
5-Year Change	45.45%
10-Year Change	55.39%
Growth Volatility	8.11

United Palm Oil Industry Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how United Palm Oil Industry Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore UPOIC current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for United Palm Oil Industry Public Company Limited (2000–2024)

The table below shows the annual net assets of United Palm Oil Industry Public Company Limited from 2000 to 2024. For live valuation and market cap data, see United Palm Oil Industry Public Company (UPOIC) market capitalisation.

Year	Net Assets	Change
2024-12-31	฿1.65 Billion ≈ $51.46 Million	+4.14%
2023-12-31	฿1.59 Billion ≈ $49.42 Million	+3.46%
2022-12-31	฿1.53 Billion ≈ $47.76 Million	+11.27%
2021-12-31	฿1.38 Billion ≈ $42.93 Million	+21.32%
2020-12-31	฿1.14 Billion ≈ $35.38 Million	+11.34%
2019-12-31	฿1.02 Billion ≈ $31.78 Million	-2.92%
2018-12-31	฿1.05 Billion ≈ $32.73 Million	-1.72%
2017-12-31	฿1.07 Billion ≈ $33.31 Million	-7.09%
2016-12-31	฿1.15 Billion ≈ $35.85 Million	+8.24%
2015-12-31	฿1.06 Billion ≈ $33.12 Million	-5.39%
2014-12-31	฿1.12 Billion ≈ $35.01 Million	+1.91%
2013-12-31	฿1.10 Billion ≈ $34.35 Million	+6.16%
2012-12-31	฿1.04 Billion ≈ $32.36 Million	-2.80%
2011-12-31	฿1.07 Billion ≈ $33.29 Million	+15.67%
2010-12-31	฿923.33 Million ≈ $28.78 Million	-0.76%
2009-12-31	฿930.40 Million ≈ $29.00 Million	-5.65%
2008-12-31	฿986.17 Million ≈ $30.74 Million	+4.30%
2007-12-31	฿945.55 Million ≈ $29.47 Million	+5.22%
2006-12-31	฿898.65 Million ≈ $28.01 Million	+11.29%
2005-12-31	฿807.52 Million ≈ $25.17 Million	+0.70%
2004-12-31	฿801.89 Million ≈ $24.99 Million	-0.87%
2003-12-31	฿808.96 Million ≈ $25.21 Million	+13.55%
2002-12-31	฿712.45 Million ≈ $22.21 Million	-10.20%
2001-12-31	฿793.35 Million ≈ $24.73 Million	-10.07%
2000-12-31	฿882.21 Million ≈ $27.50 Million	--

Equity Component Analysis

This analysis shows how different components contribute to United Palm Oil Industry 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 333.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿944.73 Million	57.22%
Other Components	฿706.40 Million	42.78%
Total Equity	฿1.65 Billion	100.00%

United Palm Oil Industry Public Company Limited Competitors by Market Cap

The table below lists competitors of United Palm Oil Industry Public Company Limited ranked by their market capitalization.

Company	Market Cap
DaChan Food (Asia) Limited F:3DS	$69.71 Million
South West Pinnacle Exploration Limited NSE:SOUTHWEST	$69.71 Million
Malee Group Public Company Limited BK:MALEE	$69.74 Million
Fire & Gas Detection Technologies Ltd TA:FGAS	$69.76 Million
SBI Investment KOREA Co. Ltd KQ:019550	$69.67 Million
Seres Therapeutics Inc NASDAQ:MCRB	$69.66 Million
NEOOTO Co. Ltd KQ:212560	$69.56 Million
ktcs corporation KO:058850	$69.55 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,585,508,150 to 1,651,134,111, a change of 65,625,961 (4.1%).
Net income of 162,824,881 contributed positively to equity growth.
Dividend payments of 97,198,920 reduced retained earnings.
Other comprehensive income decreased equity by 60,805,000.
Other factors increased equity by 60,805,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿162.82 Million	+9.86%
Dividends Paid	฿97.20 Million	-5.89%
Other Comprehensive Income	฿-60.80 Million	-3.68%
Other Changes	฿60.80 Million	+3.68%
Total Change	฿-	4.14%

Book Value vs Market Value Analysis

This analysis compares United Palm Oil Industry 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: 1.35x
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 2.76x to 1.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿2.50	฿6.90	x
2004-12-31	฿2.47	฿6.90	x
2005-12-31	฿2.49	฿6.90	x
2006-12-31	฿2.77	฿6.90	x
2007-12-31	฿2.92	฿6.90	x
2008-12-31	฿3.04	฿6.90	x
2009-12-31	฿2.87	฿6.90	x
2010-12-31	฿2.85	฿6.90	x
2011-12-31	฿3.30	฿6.90	x
2012-12-31	฿3.20	฿6.90	x
2013-12-31	฿3.40	฿6.90	x
2014-12-31	฿3.47	฿6.90	x
2015-12-31	฿3.28	฿6.90	x
2016-12-31	฿3.55	฿6.90	x
2017-12-31	฿3.30	฿6.90	x
2018-12-31	฿3.24	฿6.90	x
2019-12-31	฿3.15	฿6.90	x
2020-12-31	฿3.50	฿6.90	x
2021-12-31	฿4.25	฿6.90	x
2022-12-31	฿4.73	฿6.90	x
2023-12-31	฿4.89	฿6.90	x
2024-12-31	฿5.10	฿6.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently United Palm Oil Industry 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): 9.86%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.45%
• Asset Turnover: 0.97x
• Equity Multiplier: 1.07x
Recent ROE (9.86%) is below the historical average (14.86%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	16.76%	21.02%	0.75x	1.06x	฿59.62 Million
2001	13.13%	13.92%	0.91x	1.04x	฿24.84 Million
2002	6.60%	9.35%	0.68x	1.03x	฿-24.25 Million
2003	22.79%	30.64%	0.71x	1.05x	฿103.47 Million
2004	17.38%	19.64%	0.84x	1.06x	฿59.21 Million
2005	4.69%	8.88%	0.50x	1.05x	฿-42.85 Million
2006	17.28%	21.63%	0.74x	1.08x	฿65.43 Million
2007	21.90%	31.50%	0.64x	1.09x	฿112.54 Million
2008	33.62%	24.88%	1.24x	1.09x	฿232.91 Million
2009	18.39%	20.20%	0.83x	1.10x	฿78.03 Million
2010	13.27%	14.48%	0.85x	1.07x	฿30.21 Million
2011	36.30%	26.35%	1.21x	1.14x	฿280.89 Million
2012	31.45%	21.25%	1.31x	1.13x	฿222.72 Million
2013	20.02%	16.31%	0.90x	1.36x	฿110.38 Million
2014	16.76%	16.08%	0.75x	1.39x	฿75.93 Million
2015	-1.13%	-0.95%	0.80x	1.49x	฿-118.21 Million
2016	6.28%	7.63%	0.61x	1.35x	฿-42.81 Million
2017	-1.72%	-2.40%	0.50x	1.42x	฿-125.20 Million
2018	1.34%	2.23%	0.46x	1.30x	฿-90.98 Million
2019	-0.35%	-0.65%	0.41x	1.31x	฿-105.51 Million
2020	11.02%	13.54%	0.62x	1.31x	฿11.58 Million
2021	22.28%	14.79%	1.17x	1.28x	฿169.10 Million
2022	20.70%	14.18%	1.27x	1.15x	฿164.04 Million
2023	12.84%	13.74%	0.80x	1.16x	฿44.96 Million
2024	9.86%	9.45%	0.97x	1.07x	฿-2.29 Million

Industry Comparison

This section compares United Palm Oil Industry Public Company Limited's net assets metrics with peer companies in the Farm Products industry.

Industry Context

Industry: Farm Products
Average net assets among peers: $4,981,436,990
Average return on equity (ROE) among peers: 9.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
United Palm Oil Industry Public Company Limited (UPOIC)	฿1.67 Billion	16.76%	0.14x	$69.69 Million
Ai Energy Public Company Limited (AIE)	$2.02 Billion	1.08%	0.23x	$50.90 Million
Agripure Holdings Public Company Limited (APURE)	$1.65 Billion	7.23%	0.10x	$63.17 Million
Bangkok Ranch PCL (BR)	$1.62 Billion	-4.40%	0.41x	$46.69 Million
Charoen Pokphand Foods Public Company Limited (CPF)	$26.75 Billion	9.75%	1.14x	$4.58 Billion
Chumporn Palm Oil Industry Public Company Limited (CPI)	$1.77 Billion	-0.92%	1.70x	$69.03 Million
Lam Soon (Thailand) Public Company Limited (LST)	$3.96 Billion	9.64%	0.30x	$119.61 Million
Thaifoods Group Public Company Limited (TFG)	$3.90 Billion	23.66%	2.41x	$1.98 Billion
Thaifoods Group Public Company Limited (TFG-R)	$3.90 Billion	23.66%	2.41x	$907.52 Million
T S Flour Mill Public Company Limited (TMILL)	$547.26 Million	16.45%	0.88x	$26.59 Million
Thai Sugar Terminal Public Company Limited (TSTE)	$3.69 Billion	4.48%	0.38x	$121.87 Million

About United Palm Oil Industry Public Company Limited

BK:UPOIC Thailand Farm Products

Market Cap

$69.69 Million

฿2.24 Billion THB

Market Cap Rank

#20619 Global

#321 in Thailand

Share Price

฿6.90

Change (1 day)

+0.73%

52-Week Range

฿6.10 - ฿7.60

All Time High

฿8.63