Varopakorn Public Company Limited

BK:VARO Thailand Aluminum
Market Cap
$12.39 Million
฿429.58 Million THB
Market Cap Rank
#33802 Global
#796 in Thailand
Share Price
฿4.30
Change (1 day)
+0.47%
52-Week Range
฿4.20 - ฿5.30
All Time High
฿15.20
Categories
Companies in Thailand Aluminum
About

Varopakorn Public Company Limited engages in the manufacture and distribution of semi-finished aluminum products in Thailand, Asia, Oceania, the United States, and Europe. The company offers automotive finstocks for manufacturing radiator fins, intercoolers, condensers, and evaporator units in the automotive industry; precoated finstocks used for preventing water formation; bare finstocks to prod… Read more

Varopakorn Public Company Limited (VARO) - Net Assets

Latest net assets as of September 2025: ฿949.43 Million THB

Based on the latest financial reports, Varopakorn Public Company Limited (VARO) has net assets worth ฿949.43 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 (฿1.84 Billion) and total liabilities (฿886.04 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 ฿949.43 Million
% of Total Assets 51.73%
Annual Growth Rate 1.9%
5-Year Change 16.14%
10-Year Change -14.12%
Growth Volatility 9.9

Varopakorn Public Company Limited - Net Assets Trend (2000–2024)

This chart illustrates how Varopakorn 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 Varopakorn Public Company Limited (2000–2024)

The table below shows the annual net assets of Varopakorn Public Company Limited from 2000 to 2024.

Year Net Assets Change
2024-12-31 ฿901.96 Million +16.91%
2023-12-31 ฿771.53 Million -12.17%
2022-12-31 ฿878.46 Million +12.56%
2021-12-31 ฿780.46 Million +0.50%
2020-12-31 ฿776.59 Million -14.98%
2019-12-31 ฿913.38 Million -15.21%
2018-12-31 ฿1.08 Billion +0.71%
2017-12-31 ฿1.07 Billion -0.03%
2016-12-31 ฿1.07 Billion +1.87%
2015-12-31 ฿1.05 Billion -2.55%
2014-12-31 ฿1.08 Billion +0.34%
2013-12-31 ฿1.07 Billion -8.72%
2012-12-31 ฿1.18 Billion -7.03%
2011-12-31 ฿1.27 Billion +1.59%
2010-12-31 ฿1.25 Billion +1.15%
2009-12-31 ฿1.23 Billion +5.30%
2008-12-31 ฿1.17 Billion -0.86%
2007-12-31 ฿1.18 Billion +3.78%
2006-12-31 ฿1.14 Billion +8.32%
2005-12-31 ฿1.05 Billion +6.93%
2004-12-31 ฿981.64 Million +19.58%
2003-12-31 ฿820.93 Million +6.04%
2002-12-31 ฿774.18 Million +7.26%
2001-12-31 ฿721.76 Million +25.85%
2000-12-31 ฿573.53 Million --

Equity Component Analysis

This analysis shows how different components contribute to Varopakorn 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 decreased by 17873837700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components ฿1.08 Billion 119.82%
Total Equity ฿901.96 Million 100.00%

Varopakorn Public Company Limited Competitors by Market Cap

The table below lists competitors of Varopakorn Public Company Limited ranked by their market capitalization.

Company Market Cap
Citatah Tbk
JK:CTTH
 		$2.34 Million
Alvo Minerals Ltd
AU:ALV
 		$2.34 Million
Highway Holdings Limited
NASDAQ:HIHO
 		$2.34 Million
QEM Ltd
AU:QEM
 		$2.34 Million
AVRUPA MINERALS
F:8AMA
 		$2.34 Million
OHB (OHB.SG)
STU:OHB
 		$2.34 Million
AYR Strategies Inc Class A
OTCQX:AYRWF
 		$2.34 Million
Silver Mountain Resources Inc.
OTCQB:AGMRF
 		$2.33 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 771,532,017 to 901,962,898, a change of 130,430,881 (16.9%).
  • Net income of 130,430,881 contributed positively to equity growth.
  • Other comprehensive income decreased equity by 206,790,660.
  • Other factors increased equity by 206,790,660.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿130.43 Million +14.46%
Other Comprehensive Income ฿-206.79 Million -22.93%
Other Changes ฿206.79 Million +22.93%
Total Change ฿- 16.91%

Book Value vs Market Value Analysis

This analysis compares Varopakorn 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: 0.48x
  • 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.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 ฿11.38 ฿4.30 x
2007-12-31 ฿11.81 ฿4.30 x
2008-12-31 ฿11.71 ฿4.30 x
2009-12-31 ฿12.33 ฿4.30 x
2010-12-31 ฿12.47 ฿4.30 x
2011-12-31 ฿12.67 ฿4.30 x
2012-12-31 ฿11.78 ฿4.30 x
2013-12-31 ฿10.75 ฿4.30 x
2014-12-31 ฿10.79 ฿4.30 x
2015-12-31 ฿10.51 ฿4.30 x
2016-12-31 ฿10.71 ฿4.30 x
2017-12-31 ฿10.71 ฿4.30 x
2018-12-31 ฿10.78 ฿4.30 x
2019-12-31 ฿9.14 ฿4.30 x
2020-12-31 ฿7.77 ฿4.30 x
2021-12-31 ฿7.81 ฿4.30 x
2022-12-31 ฿8.79 ฿4.30 x
2023-12-31 ฿7.72 ฿4.30 x
2024-12-31 ฿9.03 ฿4.30 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Varopakorn 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): 14.46%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.37%
  • • Asset Turnover: 1.19x
  • • Equity Multiplier: 2.78x
  • Recent ROE (14.46%) is above the historical average (2.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 11.50% 6.23% 0.93x 1.99x ฿8.61 Million
2001 20.54% 10.78% 1.18x 1.61x ฿76.06 Million
2002 10.26% 7.19% 0.85x 1.67x ฿2.00 Million
2003 6.35% 4.77% 0.80x 1.66x ฿-29.94 Million
2004 19.40% 10.51% 1.10x 1.67x ฿92.25 Million
2005 9.59% 5.80% 0.90x 1.85x ฿-4.28 Million
2006 9.56% 5.30% 0.93x 1.95x ฿-4.97 Million
2007 4.97% 2.78% 1.00x 1.78x ฿-59.38 Million
2008 0.24% 0.15% 0.93x 1.75x ฿-114.20 Million
2009 5.03% 4.26% 0.70x 1.69x ฿-61.21 Million
2010 2.59% 1.62% 0.93x 1.71x ฿-92.31 Million
2011 4.21% 2.82% 0.89x 1.68x ฿-73.31 Million
2012 -5.91% -3.89% 0.79x 1.94x ฿-187.21 Million
2013 -8.99% -6.74% 0.76x 1.77x ฿-204.00 Million
2014 0.27% 0.19% 0.80x 1.83x ฿-104.83 Million
2015 -2.62% -1.84% 0.92x 1.54x ฿-132.51 Million
2016 1.73% 1.26% 0.86x 1.60x ฿-88.53 Million
2017 1.09% 0.75% 0.83x 1.77x ฿-95.27 Million
2018 2.56% 1.54% 0.95x 1.75x ฿-80.13 Million
2019 -16.30% -9.49% 0.91x 1.88x ฿-240.21 Million
2020 -17.80% -13.54% 0.62x 2.12x ฿-215.86 Million
2021 0.50% 0.15% 0.91x 3.64x ฿-74.17 Million
2022 -6.69% -1.57% 1.61x 2.66x ฿-146.64 Million
2023 -14.06% -4.32% 1.20x 2.72x ฿-185.66 Million
2024 14.46% 4.37% 1.19x 2.78x ฿40.23 Million

Industry Comparison

This section compares Varopakorn Public Company Limited's net assets metrics with peer companies in the Aluminum industry.

Industry Context

  • Industry: Aluminum
  • Average net assets among peers: $7,510,859,586
  • Average return on equity (ROE) among peers: 13.51%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Varopakorn Public Company Limited (VARO) ฿949.43 Million 11.50% 0.93x $2.34 Million
Alucon Public Company Limited (ALUCON) $7.51 Billion 13.51% 0.13x $41.60 Million