United Paper Public Company Limited (UTP) - Net Assets
Based on the latest financial reports, United Paper Public Company Limited (UTP) has net assets worth ฿4.70 Billion THB (≈ $146.43 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 (฿5.17 Billion ≈ $161.01 Million USD) and total liabilities (฿467.78 Million ≈ $14.58 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. Explore United Paper Public Company Limited (UTP) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.70 Billion |
| % of Total Assets | 90.94% |
| Annual Growth Rate | 9.9% |
| 5-Year Change | 35.69% |
| 10-Year Change | 140.53% |
| Growth Volatility | 15.91 |
United Paper Public Company Limited - Net Assets Trend (2003–2024)
This chart illustrates how United Paper Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore UTP long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Net Assets for United Paper Public Company Limited (2003–2024)
The table below shows the annual net assets of United Paper Public Company Limited from 2003 to 2024. For live valuation and market cap data, see United Paper Public Company Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿4.69 Billion ≈ $146.15 Million |
+1.82% |
| 2023-12-31 | ฿4.61 Billion ≈ $143.53 Million |
+11.81% |
| 2022-12-31 | ฿4.12 Billion ≈ $128.38 Million |
+6.69% |
| 2021-12-31 | ฿3.86 Billion ≈ $120.33 Million |
+11.72% |
| 2020-12-31 | ฿3.46 Billion ≈ $107.71 Million |
+9.72% |
| 2019-12-31 | ฿3.15 Billion ≈ $98.16 Million |
+17.68% |
| 2018-12-31 | ฿2.68 Billion ≈ $83.41 Million |
+18.36% |
| 2017-12-31 | ฿2.26 Billion ≈ $70.48 Million |
+10.66% |
| 2016-12-31 | ฿2.04 Billion ≈ $63.69 Million |
+4.82% |
| 2015-12-31 | ฿1.95 Billion ≈ $60.76 Million |
+5.45% |
| 2014-12-31 | ฿1.85 Billion ≈ $57.62 Million |
+4.39% |
| 2013-12-31 | ฿1.77 Billion ≈ $55.20 Million |
+39.43% |
| 2012-12-31 | ฿1.27 Billion ≈ $39.59 Million |
+3.20% |
| 2011-12-31 | ฿1.23 Billion ≈ $38.36 Million |
-1.45% |
| 2010-12-31 | ฿1.25 Billion ≈ $38.93 Million |
+1.50% |
| 2009-12-31 | ฿1.23 Billion ≈ $38.35 Million |
+0.36% |
| 2008-12-31 | ฿1.23 Billion ≈ $38.21 Million |
+13.03% |
| 2007-12-31 | ฿1.08 Billion ≈ $33.81 Million |
-2.28% |
| 2006-12-31 | ฿1.11 Billion ≈ $34.60 Million |
+2.40% |
| 2005-12-31 | ฿1.08 Billion ≈ $33.78 Million |
-0.77% |
| 2004-12-31 | ฿1.09 Billion ≈ $34.05 Million |
+69.13% |
| 2003-12-31 | ฿645.86 Million ≈ $20.13 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to United Paper 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 379930596377.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.80 Billion | 81.03% |
| Other Components | ฿889.46 Million | 18.97% |
| Total Equity | ฿4.69 Billion | 100.00% |
United Paper Public Company Limited Competitors by Market Cap
The table below lists competitors of United Paper Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thryv Holdings Inc
NASDAQ:THRY
|
$159.05 Million |
|
Shane Global Holding Inc
TW:8482
|
$159.08 Million |
|
Asara Resources Ltd
AU:AS1
|
$159.11 Million |
|
Piedmont Lithium Ltd ADR
NASDAQ:PLL
|
$159.11 Million |
|
Anterogen.Co.Ltd
KQ:065660
|
$159.01 Million |
|
Quipt Home Medical Corp
NASDAQ:QIPT
|
$158.74 Million |
|
Fabryka Obrabiarek RAFAMET S.A.
WAR:RAF
|
$158.63 Million |
|
Syncom Formulations (India) Limited
NSE:SYNCOMF
|
$158.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Paper Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,605,010,110 to 4,688,770,814, a change of 83,760,704 (1.8%).
- Net income of 619,690,997 contributed positively to equity growth.
- Dividend payments of 539,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 65,000,000.
- Other factors increased equity by 68,569,707.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿619.69 Million | +13.22% |
| Dividends Paid | ฿539.50 Million | -11.51% |
| Other Comprehensive Income | ฿-65.00 Million | -1.39% |
| Other Changes | ฿68.57 Million | +1.46% |
| Total Change | ฿- | 1.82% |
Book Value vs Market Value Analysis
This analysis compares United Paper 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: 1.09x
- 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 4.60x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ฿1.71 | ฿7.85 | x |
| 2007-12-31 | ฿1.67 | ฿7.85 | x |
| 2008-12-31 | ฿1.89 | ฿7.85 | x |
| 2009-12-31 | ฿1.89 | ฿7.85 | x |
| 2010-12-31 | ฿1.92 | ฿7.85 | x |
| 2011-12-31 | ฿1.89 | ฿7.85 | x |
| 2012-12-31 | ฿1.95 | ฿7.85 | x |
| 2013-12-31 | ฿2.72 | ฿7.85 | x |
| 2014-12-31 | ฿2.84 | ฿7.85 | x |
| 2015-12-31 | ฿3.00 | ฿7.85 | x |
| 2016-12-31 | ฿3.14 | ฿7.85 | x |
| 2017-12-31 | ฿3.48 | ฿7.85 | x |
| 2018-12-31 | ฿4.12 | ฿7.85 | x |
| 2019-12-31 | ฿4.85 | ฿7.85 | x |
| 2020-12-31 | ฿5.32 | ฿7.85 | x |
| 2021-12-31 | ฿5.94 | ฿7.85 | x |
| 2022-12-31 | ฿6.34 | ฿7.85 | x |
| 2023-12-31 | ฿7.08 | ฿7.85 | x |
| 2024-12-31 | ฿7.21 | ฿7.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Paper 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): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.76%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.10x
- Recent ROE (13.22%) is below the historical average (13.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 61.78% | 27.60% | 0.76x | 2.94x | ฿334.45 Million |
| 2004 | 12.04% | 8.60% | 0.69x | 2.02x | ฿22.28 Million |
| 2005 | 2.22% | 1.51% | 0.75x | 1.96x | ฿-84.33 Million |
| 2006 | 4.37% | 2.98% | 0.77x | 1.90x | ฿-62.45 Million |
| 2007 | 0.08% | 0.06% | 0.76x | 1.82x | ฿-107.63 Million |
| 2008 | -2.80% | -1.94% | 0.89x | 1.61x | ฿-156.87 Million |
| 2009 | 0.36% | 0.32% | 0.75x | 1.49x | ฿-118.58 Million |
| 2010 | 5.38% | 3.71% | 1.02x | 1.41x | ฿-57.66 Million |
| 2011 | 0.83% | 0.59% | 1.12x | 1.25x | ฿-112.92 Million |
| 2012 | 6.94% | 4.53% | 1.23x | 1.24x | ฿-38.82 Million |
| 2013 | 12.17% | 10.67% | 0.93x | 1.23x | ฿38.43 Million |
| 2014 | 10.79% | 9.91% | 0.91x | 1.19x | ฿14.54 Million |
| 2015 | 8.41% | 8.94% | 0.71x | 1.32x | ฿-30.95 Million |
| 2016 | 9.37% | 10.33% | 0.57x | 1.60x | ฿-12.87 Million |
| 2017 | 13.94% | 12.35% | 0.69x | 1.64x | ฿89.15 Million |
| 2018 | 29.04% | 20.90% | 1.05x | 1.32x | ฿509.55 Million |
| 2019 | 27.41% | 25.36% | 0.98x | 1.10x | ฿548.19 Million |
| 2020 | 29.27% | 28.34% | 0.91x | 1.13x | ฿665.87 Million |
| 2021 | 23.76% | 19.94% | 1.08x | 1.11x | ฿531.38 Million |
| 2022 | 17.94% | 14.89% | 1.08x | 1.12x | ฿327.13 Million |
| 2023 | 19.03% | 21.46% | 0.81x | 1.10x | ฿415.84 Million |
| 2024 | 13.22% | 15.76% | 0.76x | 1.10x | ฿150.81 Million |
Industry Comparison
This section compares United Paper Public Company Limited's net assets metrics with peer companies in the Paper & Paper Products industry.
No peer company data available for comparison.
About United Paper Public Company Limited
United Paper Public Company Limited engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand. It offers Kraft paper for making box surfaces and Kraft papers for making corrugating medium. United Paper Public Company Limited was incorporated in 1990 and is headquartered in Bangkok, Thailand.