WHA Utilities and Power Public Company Limited
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
WHA Utilities and Power Public Company Limited (WHAUP) - Net Assets
Latest net assets as of September 2025: ฿13.53 Billion THB
Based on the latest financial reports, WHA Utilities and Power Public Company Limited (WHAUP) has net assets worth ฿13.53 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿31.44 Billion) and total liabilities (฿17.90 Billion). 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 | ฿13.53 Billion |
| % of Total Assets | 43.05% |
| Annual Growth Rate | 29.63% |
| 5-Year Change | 11.56% |
| 10-Year Change | 34.28% |
| Growth Volatility | 329.27 |
WHA Utilities and Power Public Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how WHA Utilities and Power 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 WHA Utilities and Power Public Company Limited (2013–2024)
The table below shows the annual net assets of WHA Utilities and Power Public Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿13.56 Billion | -0.03% |
| 2023-12-31 | ฿13.57 Billion | +7.49% |
| 2022-12-31 | ฿12.62 Billion | +1.92% |
| 2021-12-31 | ฿12.38 Billion | +1.87% |
| 2020-12-31 | ฿12.16 Billion | -10.34% |
| 2019-12-31 | ฿13.56 Billion | -3.49% |
| 2018-12-31 | ฿14.05 Billion | +11.71% |
| 2017-12-31 | ฿12.58 Billion | +69.51% |
| 2016-12-31 | ฿7.42 Billion | -26.54% |
| 2015-12-31 | ฿10.10 Billion | +1148.27% |
| 2014-12-31 | ฿809.14 Million | +3.63% |
| 2013-12-31 | ฿780.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WHA Utilities and Power 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 3288.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.73 Billion | 27.54% |
| Other Components | ฿9.83 Billion | 72.46% |
| Total Equity | ฿13.56 Billion | 100.00% |
WHA Utilities and Power Public Company Limited Competitors by Market Cap
The table below lists competitors of WHA Utilities and Power Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stereotaxis Inc
NYSE MKT:STXS
|
$124.84 Million |
|
Cogstate Ltd
AU:CGS
|
$124.86 Million |
|
PrimeEnergy Corporation
NASDAQ:PNRG
|
$124.92 Million |
|
Jyoti Structures Limited
NSE:JYOTISTRUC
|
$124.94 Million |
|
Bank Yudha Bhakti Tbk
JK:BBYB
|
$124.83 Million |
|
innoscripta SE
XETRA:1INN
|
$124.83 Million |
|
Don Muang Tollway Public Company Limited
BK:DMT
|
$124.78 Million |
|
TPI Polene Power Public Company Limited
BK:TPIPP
|
$124.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WHA Utilities and Power Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,566,723,029 to 13,562,019,755, a change of -4,703,274 (-0.0%).
- Net income of 1,118,857,756 contributed positively to equity growth.
- Dividend payments of 965,795,008 reduced retained earnings.
- Other comprehensive income decreased equity by 3,219,896,997.
- Other factors increased equity by 3,062,130,975.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.12 Billion | +8.25% |
| Dividends Paid | ฿965.80 Million | -7.12% |
| Other Comprehensive Income | ฿-3.22 Billion | -23.74% |
| Other Changes | ฿3.06 Billion | +22.58% |
| Total Change | ฿- | -0.03% |
Book Value vs Market Value Analysis
This analysis compares WHA Utilities and Power 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: 1.25x
- 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 3.65x to 1.25x 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 | ฿4.42 | x |
| 2014-12-31 | ฿0.21 | ฿4.42 | x |
| 2015-12-31 | ฿0.24 | ฿4.42 | x |
| 2016-12-31 | ฿3.18 | ฿4.42 | x |
| 2017-12-31 | ฿3.43 | ฿4.42 | x |
| 2018-12-31 | ฿3.67 | ฿4.42 | x |
| 2019-12-31 | ฿3.54 | ฿4.42 | x |
| 2020-12-31 | ฿3.18 | ฿4.42 | x |
| 2021-12-31 | ฿3.24 | ฿4.42 | x |
| 2022-12-31 | ฿3.30 | ฿4.42 | x |
| 2023-12-31 | ฿3.55 | ฿4.42 | x |
| 2024-12-31 | ฿3.55 | ฿4.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WHA Utilities and Power 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): 8.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.24%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.30x
- Recent ROE (8.25%) is below the historical average (36.35%), 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 |
| 2024 | 8.25% | 38.24% | 0.09x | 2.30x | ฿-237.34 Million |
Industry Comparison
This section compares WHA Utilities and Power Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $6,291,912,932
- Average return on equity (ROE) among peers: 36.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WHA Utilities and Power Public Company Limited (WHAUP) | ฿13.53 Billion | 15.31% | 1.32x | $124.84 Million |
| Eastern Water Resources Development and Management Public Company Limited (EASTW) | $7.32 Billion | 16.94% | 0.70x | $44.15 Million |
| More Return Public Company Limited (MORE) | $1.46 Billion | 79.63% | 0.12x | $4.65 Million |
| WHA UTILITIES AND PO (WHAUP-R) | $10.10 Billion | 12.09% | 0.15x | $111.29 Million |