Vichitbhan Palmoil Public Company Limited (VPO) - Net Assets

Latest as of December 2025: ฿549.66 Million THB ≈ $17.13 Million USD

Based on the latest financial reports, Vichitbhan Palmoil Public Company Limited (VPO) has net assets worth ฿549.66 Million THB (≈ $17.13 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿753.86 Million ≈ $23.50 Million USD) and total liabilities (฿204.20 Million ≈ $6.36 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 Vichitbhan Palmoil Public Company Limite liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿549.66 Million
% of Total Assets	72.91%
Annual Growth Rate	-4.98%
5-Year Change	-5.46%
10-Year Change	-39.07%
Growth Volatility	16.08

Vichitbhan Palmoil Public Company Limited - Net Assets Trend (2012–2025)

This chart illustrates how Vichitbhan Palmoil Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore VPO asset base for the complete picture of this company's asset base.

Annual Net Assets for Vichitbhan Palmoil Public Company Limited (2012–2025)

The table below shows the annual net assets of Vichitbhan Palmoil Public Company Limited from 2012 to 2025. For live valuation and market cap data, see Vichitbhan Palmoil Public Company Limite market cap and net worth.

Year	Net Assets	Change
2025-12-31	฿549.66 Million ≈ $17.13 Million	+3.87%
2024-12-31	฿529.19 Million ≈ $16.49 Million	+9.42%
2023-12-31	฿483.64 Million ≈ $15.07 Million	-19.01%
2022-12-31	฿597.14 Million ≈ $18.61 Million	+2.71%
2021-12-31	฿581.38 Million ≈ $18.12 Million	+8.64%
2020-12-31	฿535.15 Million ≈ $16.68 Million	-5.99%
2019-12-31	฿569.26 Million ≈ $17.74 Million	-7.69%
2018-12-31	฿616.71 Million ≈ $19.22 Million	-13.07%
2017-12-31	฿709.42 Million ≈ $22.11 Million	-21.36%
2016-12-31	฿902.09 Million ≈ $28.12 Million	-18.53%
2015-12-31	฿1.11 Billion ≈ $34.51 Million	-13.45%
2014-12-31	฿1.28 Billion ≈ $39.87 Million	+39.42%
2013-12-31	฿917.51 Million ≈ $28.60 Million	-14.10%
2012-12-31	฿1.07 Billion ≈ $33.29 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vichitbhan Palmoil 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 185.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	฿1.12 Billion	204.29%
Total Equity	฿548.94 Million	100.00%

Vichitbhan Palmoil Public Company Limited Competitors by Market Cap

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

Company	Market Cap
Pinehill Pacific Bhd KLSE:1902	$17.30 Million
SILVER DOLLAR RES F:4YW	$17.31 Million
Vizione Holdings Bhd KLSE:7070	$17.33 Million
Mega Perintis Tbk PT JK:ZONE	$17.34 Million
INCREDIBLE INDUSTRIES LIMITED NSE:INCREDIBLE	$17.28 Million
Blue Sky Uranium Corp V:BSK	$17.28 Million
Nosa Med AB ST:NOSA	$17.28 Million
Intelligent Protection Management Corp NASDAQ:IPM	$17.26 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 529,943,897 to 548,939,810, a change of 18,995,913 (3.6%).
Net income of 27,274,061 contributed positively to equity growth.
Other factors decreased equity by 8,278,148.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿27.27 Million	+4.97%
Other Changes	฿-8.28 Million	-1.51%
Total Change	฿-	3.58%

Book Value vs Market Value Analysis

This analysis compares Vichitbhan Palmoil 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: 1.01x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.54x to 1.01x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	฿1.09	฿0.59	x
2013-12-31	฿1.15	฿0.59	x
2014-12-31	฿1.57	฿0.59	x
2015-12-31	฿1.18	฿0.59	x
2016-12-31	฿0.96	฿0.59	x
2017-12-31	฿0.75	฿0.59	x
2018-12-31	฿0.66	฿0.59	x
2019-12-31	฿0.61	฿0.59	x
2020-12-31	฿0.57	฿0.59	x
2021-12-31	฿0.62	฿0.59	x
2022-12-31	฿0.63	฿0.59	x
2023-12-31	฿0.51	฿0.59	x
2024-12-31	฿0.56	฿0.59	x
2025-12-31	฿0.58	฿0.59	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vichitbhan Palmoil 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): 4.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.20%
• Asset Turnover: 3.02x
• Equity Multiplier: 1.37x
Recent ROE (4.97%) is above the historical average (-4.48%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	7.04%	1.68%	1.56x	2.69x	฿-25.71 Million
2013	13.19%	3.74%	1.57x	2.25x	฿29.26 Million
2014	7.33%	4.10%	1.15x	1.56x	฿-34.10 Million
2015	-11.29%	-8.47%	0.85x	1.56x	฿-235.72 Million
2016	-23.54%	-17.97%	0.69x	1.89x	฿-302.58 Million
2017	-27.61%	-14.11%	0.93x	2.09x	฿-266.83 Million
2018	-15.03%	-7.32%	1.03x	2.00x	฿-154.37 Million
2019	-8.34%	-4.40%	0.97x	1.95x	฿-104.38 Million
2020	-5.48%	-2.64%	1.13x	1.84x	฿-82.85 Million
2021	7.95%	3.38%	1.57x	1.50x	฿-11.91 Million
2022	2.75%	0.70%	3.17x	1.24x	฿-43.20 Million
2023	-23.70%	-9.67%	1.69x	1.45x	฿-162.39 Million
2024	9.07%	2.81%	2.72x	1.19x	฿-4.95 Million
2025	4.97%	1.20%	3.02x	1.37x	฿-27.62 Million

Industry Comparison

This section compares Vichitbhan Palmoil Public Company Limited's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $3,044,840,456
Average return on equity (ROE) among peers: 0.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vichitbhan Palmoil Public Company Limited (VPO)	฿549.66 Million	7.04%	0.37x	$17.29 Million
Asian Sea Corporation Public Company Limited (ASIAN)	$1.17 Billion	-38.64%	2.90x	$180.99 Million
Seafresh Industry Public Company Limited (CFRESH)	$1.43 Billion	7.92%	0.26x	$23.98 Million
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI)	$1.21 Billion	1.06%	0.70x	$15.02 Million
Chiangmai Frozen Foods Public Company Limited (CM)	$1.35 Billion	8.86%	0.10x	$19.01 Million
GFPT Public Company Limited (GFPT)	$3.78 Billion	28.67%	0.98x	$357.59 Million
J.S.P. Property Public Company Limited (JSP)	$5.18 Billion	9.40%	0.76x	$28.10 Million
Thai Ha Public Company Limited (KASET)	$325.04 Million	-11.22%	0.97x	$7.19 Million
Lee Feed Mill Public Company Limited (LEE)	$2.73 Billion	6.85%	0.15x	$69.45 Million
Malee Group Public Company Limited (MALEE)	$839.63 Million	-24.17%	3.77x	$69.74 Million
President Bakery Public Company Limited (PB)	$12.44 Billion	12.78%	0.11x	$680.27 Million

About Vichitbhan Palmoil Public Company Limited

BK:VPO Thailand Packaged Foods

Market Cap

$17.29 Million

฿554.60 Million THB

Market Cap Rank

#25465 Global

#512 in Thailand

Share Price

฿0.59

Change (1 day)

+0.00%

52-Week Range

฿0.39 - ฿0.76

All Time High

฿2.58