Vichitbhan Palmoil Public Company Limited (VPO) - Net Assets
Based on the latest financial reports, Vichitbhan Palmoil Public Company Limited (VPO) has net assets worth ฿507.02 Million THB (≈ $15.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿904.54 Million ≈ $28.19 Million USD) and total liabilities (฿397.52 Million ≈ $12.39 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 VPO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿507.02 Million |
| % of Total Assets | 56.05% |
| 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. See defensive interval ratio of Vichitbhan Palmoil Public Company Limite to measure how many days the company can operate on defensive assets alone.
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 |
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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 196.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿940.00 Million | 171.24% |
| Other Comprehensive Income | ฿25.30 Million | 4.61% |
| Other Components | ฿227.89 Million | 41.51% |
| 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 |
|---|---|
|
Euro Kapital Yatirim Ortakligi AS
IS:EUKYO
|
$13.77 Million |
|
RONSHINE CH.HLD.HD-00001
F:1R7
|
$13.78 Million |
|
SemiLEDS Corporation
F:6LD1
|
$13.79 Million |
|
Baru Gold Corp
V:BARU
|
$13.80 Million |
|
Country Heights Holdings Bhd
KLSE:5738
|
$13.77 Million |
|
Allurion Technologies, Inc.
NYSE:ALUR
|
$13.77 Million |
|
Dolphin Entertainment Inc
NASDAQ:DLPN
|
$13.76 Million |
|
Kuk Young G&M Co. Ltd
KQ:006050
|
$13.76 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: 0.80x
- 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 increased from 0.43x to 0.80x 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 | ฿0.47 | x |
| 2013-12-31 | ฿1.15 | ฿0.47 | x |
| 2014-12-31 | ฿1.57 | ฿0.47 | x |
| 2015-12-31 | ฿1.18 | ฿0.47 | x |
| 2016-12-31 | ฿0.96 | ฿0.47 | x |
| 2017-12-31 | ฿0.75 | ฿0.47 | x |
| 2018-12-31 | ฿0.66 | ฿0.47 | x |
| 2019-12-31 | ฿0.61 | ฿0.47 | x |
| 2020-12-31 | ฿0.57 | ฿0.47 | x |
| 2021-12-31 | ฿0.62 | ฿0.47 | x |
| 2022-12-31 | ฿0.63 | ฿0.47 | x |
| 2023-12-31 | ฿0.51 | ฿0.47 | x |
| 2024-12-31 | ฿0.56 | ฿0.47 | x |
| 2025-12-31 | ฿0.58 | ฿0.47 | 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: $3,019,525,434
- Average return on equity (ROE) among peers: 1.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vichitbhan Palmoil Public Company Limited (VPO) | ฿507.02 Million | 7.04% | 0.78x | $13.77 Million |
| Asian Sea Corporation Public Company Limited (ASIAN) | $1.17 Billion | -38.64% | 2.90x | $178.46 Million |
| Seafresh Industry Public Company Limited (CFRESH) | $1.28 Billion | 11.16% | 0.06x | $30.92 Million |
| Kiang Huat Sea Gull Trading Frozen Food Public Company Limited (CHOTI) | $810.43 Million | -18.22% | 0.46x | $16.07 Million |
| Chiangmai Frozen Foods Public Company Limited (CM) | $1.27 Billion | 12.45% | 0.07x | $18.65 Million |
| GFPT Public Company Limited (GFPT) | $17.74 Billion | 7.76% | 0.43x | $336.09 Million |
| J.S.P. Property Public Company Limited (JSP) | $930.50 Million | -0.14% | 0.44x | $25.15 Million |
| Thai Ha Public Company Limited (KASET) | $236.43 Million | -29.19% | 1.83x | $5.98 Million |
| Lee Feed Mill Public Company Limited (LEE) | $2.18 Billion | 12.47% | 0.14x | $70.59 Million |
| Malee Group Public Company Limited (MALEE) | $1.02 Billion | 30.22% | 1.95x | $69.06 Million |
| President Bakery Public Company Limited (PB) | $3.56 Billion | 23.97% | 0.34x | $673.25 Million |
About Vichitbhan Palmoil Public Company Limited
Vichitbhan Palmoil Public Company Limited engages in palm plantation and palm oil extraction in Thailand. The company operates in two segments: Crude Palm Oil and Kernel Production, and Kidney Dialysis. It offers crude palm oil for palm oil refineries to be used in the food industries, such as in the production of biscuits, creamers, and ice cream, as well as for the shampoo manufacturing industr… Read more