Wp Energy Public Company Limited (WP) - Net Assets

Latest as of December 2025: ฿1.29 Billion THB ≈ $40.27 Million USD

Based on the latest financial reports, Wp Energy Public Company Limited (WP) has net assets worth ฿1.29 Billion THB (≈ $40.27 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 (฿6.81 Billion ≈ $212.18 Million USD) and total liabilities (฿5.52 Billion ≈ $171.91 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 Wp Energy Public Company Limited (WP) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿1.29 Billion
% of Total Assets	18.98%
Annual Growth Rate	-4.99%
5-Year Change	-2.66%
10-Year Change	141.03%
Growth Volatility	30.94

Wp Energy Public Company Limited - Net Assets Trend (2013–2025)

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

Annual Net Assets for Wp Energy Public Company Limited (2013–2025)

The table below shows the annual net assets of Wp Energy Public Company Limited from 2013 to 2025. For live valuation and market cap data, see WP stock market capitalisation.

Year	Net Assets	Change
2025-12-31	฿1.29 Billion ≈ $40.27 Million	-2.07%
2024-12-31	฿1.32 Billion ≈ $41.12 Million	-0.16%
2023-12-31	฿1.32 Billion ≈ $41.18 Million	-2.94%
2022-12-31	฿1.36 Billion ≈ $42.43 Million	+2.56%
2021-12-31	฿1.33 Billion ≈ $41.37 Million	+2.58%
2020-12-31	฿1.29 Billion ≈ $40.33 Million	-0.09%
2019-12-31	฿1.30 Billion ≈ $40.37 Million	+30.47%
2018-12-31	฿992.61 Million ≈ $30.94 Million	+47.90%
2017-12-31	฿671.12 Million ≈ $20.92 Million	+25.21%
2016-12-31	฿536.02 Million ≈ $16.71 Million	+11.68%
2015-12-31	฿479.94 Million ≈ $14.96 Million	+25.92%
2014-12-31	฿381.14 Million ≈ $11.88 Million	-84.05%
2013-12-31	฿2.39 Billion ≈ $74.46 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wp Energy 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 566070757800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿213.12 Million	16.49%
Other Components	฿1.08 Billion	83.51%
Total Equity	฿1.29 Billion	100.00%

Wp Energy Public Company Limited Competitors by Market Cap

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

Company	Market Cap
SYLA Technologies Co., Ltd. American Depositary Shares NASDAQ:SYT	$60.16 Million
tsh biopharmoration Ltd TWO:8432	$60.18 Million
Itera ASA OL:ITERA	$60.19 Million
Tplex Co. Ltd KQ:081150	$60.19 Million
Iskandar Waterfront City Bhd KLSE:1589	$60.13 Million
Bound and Beyond PCL BK:BEYOND-R	$60.12 Million
Evertex Fabrinology Ltd TW:1470	$60.12 Million
CTI Traffic Industries Co Ltd TWO:2230	$60.12 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,313,026,961 to 1,292,077,439, a change of -20,949,522 (-1.6%).
Net income of 154,181,565 contributed positively to equity growth.
Dividend payments of 153,134,046 reduced retained earnings.
Other factors decreased equity by 21,997,041.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿154.18 Million	+11.93%
Dividends Paid	฿153.13 Million	-11.85%
Other Changes	฿-22.00 Million	-1.7%
Total Change	฿-	-1.60%

Book Value vs Market Value Analysis

This analysis compares Wp Energy 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: 1.49x
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 0.82x to 1.49x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	฿4.61	฿3.78	x
2014-12-31	฿0.14	฿3.78	x
2015-12-31	฿0.17	฿3.78	x
2016-12-31	฿1.03	฿3.78	x
2017-12-31	฿1.29	฿3.78	x
2018-12-31	฿1.91	฿3.78	x
2019-12-31	฿2.46	฿3.78	x
2020-12-31	฿2.48	฿3.78	x
2021-12-31	฿2.54	฿3.78	x
2022-12-31	฿2.60	฿3.78	x
2023-12-31	฿2.54	฿3.78	x
2024-12-31	฿2.57	฿3.78	x
2025-12-31	฿2.53	฿3.78	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wp Energy 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): 11.93%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.89%
• Asset Turnover: 2.54x
• Equity Multiplier: 5.27x
Recent ROE (11.93%) is below the historical average (12.35%), 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	-5.70%	-0.67%	2.74x	3.08x	฿-375.17 Million
2014	-2.27%	-0.37%	0.41x	15.15x	฿-46.75 Million
2015	20.97%	0.46%	4.12x	11.07x	฿52.65 Million
2016	10.63%	0.35%	3.11x	9.84x	฿3.40 Million
2017	19.66%	0.85%	2.76x	8.36x	฿64.85 Million
2018	32.39%	2.18%	2.58x	5.76x	฿222.22 Million
2019	22.75%	2.05%	2.34x	4.74x	฿162.78 Million
2020	13.39%	1.43%	1.89x	4.94x	฿43.06 Million
2021	7.52%	0.86%	1.80x	4.89x	฿-32.56 Million
2022	8.83%	0.78%	2.18x	5.20x	฿-15.87 Million
2023	9.55%	0.70%	2.50x	5.46x	฿-5.92 Million
2024	10.95%	0.77%	2.72x	5.26x	฿12.42 Million
2025	11.93%	0.89%	2.54x	5.27x	฿24.97 Million

Industry Comparison

This section compares Wp Energy Public Company Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

Industry: Utilities - Regulated Gas
Average net assets among peers: $2,615,901,000
Average return on equity (ROE) among peers: 6.85%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wp Energy Public Company Limited (WP)	฿1.29 Billion	-5.70%	4.27x	$60.15 Million
Scan Inter PCL (SCN)	$2.62 Billion	6.85%	1.31x	$13.62 Million

About Wp Energy Public Company Limited

BK:WP Thailand Utilities - Regulated Gas

Market Cap

$60.15 Million

฿1.93 Billion THB

Market Cap Rank

#21161 Global

#341 in Thailand

Share Price

฿3.78

Change (1 day)

-0.53%

52-Week Range

฿3.22 - ฿4.00

All Time High

฿9.45