WHA UTILITIES AND PO (WHAUP-R) - Net Assets
Based on the latest financial reports, WHA UTILITIES AND PO (WHAUP-R) has net assets worth ฿13.65 Billion THB (≈ $425.58 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿31.15 Billion ≈ $970.79 Million USD) and total liabilities (฿17.49 Billion ≈ $545.21 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. Also explore WHAUP-R asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿13.65 Billion |
| % of Total Assets | 43.84% |
| Annual Growth Rate | 33.05% |
| 5-Year Change | 0.05% |
| 10-Year Change | 1576.69% |
| Growth Volatility | 343.43 |
WHA UTILITIES AND PO - Net Assets Trend (2013–2023)
This chart illustrates how WHA UTILITIES AND PO's net assets have evolved over time, based on quarterly financial data. Check WHAUP-R intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for WHA UTILITIES AND PO (2013–2023)
The table below shows the annual net assets of WHA UTILITIES AND PO from 2013 to 2023. For live valuation and market cap data, see WHAUP-R company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿13.57 Billion ≈ $422.86 Million |
+7.49% |
| 2022-12-31 | ฿12.62 Billion ≈ $393.40 Million |
+1.92% |
| 2021-12-31 | ฿12.38 Billion ≈ $386.00 Million |
+1.87% |
| 2020-12-31 | ฿12.16 Billion ≈ $378.93 Million |
-10.34% |
| 2019-12-31 | ฿13.56 Billion ≈ $422.63 Million |
-3.49% |
| 2018-12-31 | ฿14.05 Billion ≈ $437.90 Million |
+11.71% |
| 2017-12-31 | ฿12.58 Billion ≈ $392.01 Million |
+69.51% |
| 2016-12-31 | ฿7.42 Billion ≈ $231.26 Million |
-26.54% |
| 2015-12-31 | ฿10.10 Billion ≈ $314.81 Million |
+1148.27% |
| 2014-12-31 | ฿809.14 Million ≈ $25.22 Million |
+3.63% |
| 2013-12-31 | ฿780.82 Million ≈ $24.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WHA UTILITIES AND PO'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 3496.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.96 Billion | 29.22% |
| Common Stock | ฿3.83 Billion | 28.19% |
| Other Comprehensive Income | ฿3.22 Billion | 23.73% |
| Other Components | ฿2.56 Billion | 18.85% |
| Total Equity | ฿13.57 Billion | 100.00% |
WHA UTILITIES AND PO Competitors by Market Cap
The table below lists competitors of WHA UTILITIES AND PO ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YG-1 Co. Ltd
KQ:019210
|
$469.84 Million |
|
Phat Dat Real Estate Development Corp
VN:PDR
|
$470.09 Million |
|
Ho Tung Chemical Corp
TW:1714
|
$470.11 Million |
|
Evolent Health Inc
NYSE:EVH
|
$470.17 Million |
|
Soft-World International
TWO:5478
|
$469.68 Million |
|
Pansoft Company Limited
SHE:300996
|
$469.65 Million |
|
China Haisum Engineering Co Ltd
SHE:002116
|
$469.62 Million |
|
Ningbo MedicalSystem Biotechnology Co Ltd
SHE:300439
|
$469.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WHA UTILITIES AND PO's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,621,424,544 to 13,566,723,029, a change of 945,298,485 (7.5%).
- Net income of 1,631,256,406 contributed positively to equity growth.
- Dividend payments of 611,951,690 reduced retained earnings.
- Other comprehensive income increased equity by 2,880,715,993.
- Other factors decreased equity by 2,954,722,224.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.63 Billion | +12.02% |
| Dividends Paid | ฿611.95 Million | -4.51% |
| Other Comprehensive Income | ฿2.88 Billion | +21.23% |
| Other Changes | ฿-2.95 Billion | -21.78% |
| Total Change | ฿- | 7.49% |
Book Value vs Market Value Analysis
This analysis compares WHA UTILITIES AND PO'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: 1.11x
- 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 3.25x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿1.21 | ฿3.94 | x |
| 2014-12-31 | ฿0.21 | ฿3.94 | x |
| 2015-12-31 | ฿0.24 | ฿3.94 | x |
| 2016-12-31 | ฿3.18 | ฿3.94 | x |
| 2017-12-31 | ฿3.43 | ฿3.94 | x |
| 2018-12-31 | ฿3.67 | ฿3.94 | x |
| 2019-12-31 | ฿3.54 | ฿3.94 | x |
| 2020-12-31 | ฿3.18 | ฿3.94 | x |
| 2021-12-31 | ฿3.24 | ฿3.94 | x |
| 2022-12-31 | ฿3.30 | ฿3.94 | x |
| 2023-12-31 | ฿3.55 | ฿3.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WHA UTILITIES AND PO 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): 12.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 58.64%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.20x
- Recent ROE (12.02%) is below the historical average (38.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.31% | 16.16% | 0.45x | 2.11x | ฿41.43 Million |
| 2014 | 193.08% | 107.83% | 0.76x | 2.35x | ฿1.48 Billion |
| 2015 | 130.69% | 78.64% | 0.13x | 12.41x | ฿1.13 Billion |
| 2016 | 13.05% | 60.48% | 0.09x | 2.51x | ฿225.96 Million |
| 2017 | 15.75% | 121.25% | 0.08x | 1.70x | ฿723.22 Million |
| 2018 | 16.03% | 131.82% | 0.07x | 1.69x | ฿846.97 Million |
| 2019 | 15.76% | 115.07% | 0.07x | 1.95x | ฿781.28 Million |
| 2020 | 6.69% | 47.86% | 0.06x | 2.15x | ฿-402.98 Million |
| 2021 | 5.94% | 33.73% | 0.08x | 2.09x | ฿-502.88 Million |
| 2022 | 3.60% | 18.59% | 0.09x | 2.19x | ฿-808.00 Million |
| 2023 | 12.02% | 58.64% | 0.09x | 2.20x | ฿274.58 Million |
Industry Comparison
This section compares WHA UTILITIES AND PO's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $11,256,598,062
- Average return on equity (ROE) among peers: 16.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WHA UTILITIES AND PO (WHAUP-R) | ฿13.65 Billion | 15.31% | 1.28x | $469.73 Million |
| Eastern Water Resources Development and Management Public Company Limited (EASTW) | $7.93 Billion | 16.60% | 0.70x | $272.25 Million |
| TTW Public Company Limited (TTW) | $10.19 Billion | 20.73% | 1.13x | $1.31 Billion |
| TTW Public Company Limited (TTW-R) | $14.75 Billion | 20.12% | 0.46x | $1.15 Billion |
| WHA Utilities and Power Public Company Limited (WHAUP) | $12.16 Billion | 6.69% | 1.15x | $929.93 Million |
About WHA UTILITIES AND PO
WHA Utilities and Power Public Company Limited provides utilities and water solutions in Thailand and internationally. It produces and distributes industrial water; and provides waste water treatment and management services to industrial estates. The company engages in the solar power business; investment in water and power businesses; natural gas distribution; and coal, gas, hydro, solar, and al… Read more