Thai Oil Public Company Limited (LQZ) - Net Assets
Based on the latest financial reports, Thai Oil Public Company Limited (LQZ) has net assets worth €243.41 Billion EUR (≈ $284.57 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€452.69 Billion ≈ $529.24 Billion USD) and total liabilities (€209.28 Billion ≈ $244.67 Billion 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 LQZ strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €243.41 Billion |
| % of Total Assets | 53.77% |
| Annual Growth Rate | 6.28% |
| 5-Year Change | 56.82% |
| 10-Year Change | N/A |
| Growth Volatility | 10.22 |
Thai Oil Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Thai Oil Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Thai Oil Public Company Limited.
Annual Net Assets for Thai Oil Public Company Limited (2016–2025)
The table below shows the annual net assets of Thai Oil Public Company Limited from 2016 to 2025. Also explore LQZ year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €193.03 Billion ≈ $225.67 Billion |
+16.15% |
| 2024-12-31 | €166.18 Billion ≈ $194.29 Billion |
-1.26% |
| 2023-12-31 | €168.31 Billion ≈ $196.77 Billion |
+6.09% |
| 2022-12-31 | €158.66 Billion ≈ $185.49 Billion |
+28.89% |
| 2021-12-31 | €123.09 Billion ≈ $143.91 Billion |
+2.48% |
| 2020-12-31 | €120.12 Billion ≈ $140.43 Billion |
-3.07% |
| 2019-12-31 | €123.92 Billion ≈ $144.88 Billion |
-2.02% |
| 2018-12-31 | €126.47 Billion ≈ $147.86 Billion |
-0.53% |
| 2017-12-31 | €127.15 Billion ≈ $148.65 Billion |
+13.93% |
| 2016-12-31 | €111.60 Billion ≈ $130.47 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Oil 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 82.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €152.98 Billion | 88.97% |
| Other Components | €18.97 Billion | 11.03% |
| Total Equity | €171.95 Billion | 100.00% |
Thai Oil Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Oil Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vestand Inc.
NASDAQ:VSTD
|
$18.36K |
|
Phoenix Global Mining Ltd
LSE:PXC
|
$18.40K |
|
MONTEGO RESOURCES INC.
F:4MO
|
$18.41K |
|
Thai Oil PCL
STU:LQZ
|
$18.58K |
|
Surface Transforms Plc
LSE:SCE
|
$18.22K |
|
BloomZ Inc. Ordinary Shares
NASDAQ:BLMZ
|
$18.02K |
|
Airports of Thailand Public Company Limited
F:TX3A
|
$17.76K |
|
SunPower Corporation
NASDAQ:SPWRQ
|
$17.55K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Oil Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 163,446,333,052 to 171,952,733,507, a change of 8,506,400,455 (5.2%).
- Net income of 14,584,200,646 contributed positively to equity growth.
- Dividend payments of 3,350,648,814 reduced retained earnings.
- Other factors decreased equity by 2,727,151,377.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €14.58 Billion | +8.48% |
| Dividends Paid | €3.35 Billion | -1.95% |
| Other Changes | €-2.73 Billion | -1.59% |
| Total Change | €- | 5.20% |
Book Value vs Market Value Analysis
This analysis compares Thai Oil 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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €59.91 | €1.68 | x |
| 2018-12-31 | €59.66 | €1.68 | x |
| 2019-12-31 | €58.81 | €1.68 | x |
| 2020-12-31 | €56.97 | €1.68 | x |
| 2021-12-31 | €59.25 | €1.68 | x |
| 2022-12-31 | €69.85 | €1.68 | x |
| 2023-12-31 | €74.12 | €1.68 | x |
| 2024-12-31 | €73.17 | €1.68 | x |
| 2025-12-31 | €76.98 | €1.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Oil 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): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.48x
- Recent ROE (8.48%) is below the historical average (10.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 19.86% | 7.72% | 1.26x | 2.04x | €10.54 Billion |
| 2017 | 20.34% | 7.37% | 1.48x | 1.87x | €12.63 Billion |
| 2018 | 8.34% | 2.61% | 1.45x | 2.21x | €-2.02 Billion |
| 2019 | 5.23% | 1.73% | 1.28x | 2.36x | €-5.72 Billion |
| 2020 | -2.84% | -1.36% | 0.79x | 2.63x | €-14.92 Billion |
| 2021 | 10.41% | 3.75% | 0.93x | 3.00x | €489.95 Million |
| 2022 | 20.94% | 6.46% | 1.14x | 2.85x | €17.06 Billion |
| 2023 | 11.74% | 4.23% | 1.09x | 2.54x | €2.89 Billion |
| 2024 | 6.09% | 2.18% | 1.11x | 2.50x | €-6.39 Billion |
| 2025 | 8.48% | 3.70% | 0.92x | 2.48x | €-2.61 Billion |
Industry Comparison
This section compares Thai Oil Public Company Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,587,037,076,698
- Average return on equity (ROE) among peers: 4.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Oil Public Company Limited (LQZ) | €243.41 Billion | 19.86% | 0.86x | $18.32K |
| BANGCHAK CORP. -FGN- BA 1 (7BP) | $84.14 Billion | 3.42% | 2.55x | $15.81K |
| PTT OIL+RET.BUS.-FOR-BA10 (7F8) | $108.96 Billion | 7.02% | 0.90x | $3.18K |
| PTT OIL+RET.BUS.-NVDR- 10 (7F80) | $113.82 Billion | 9.93% | 0.74x | $3.60 Billion |
| COSAN S.A. SP.ADR 1/4 (9CI0) | $39.40 Billion | -23.92% | 2.59x | $3.56 Billion |
| RUBIS (BYN) | $2.92 Billion | 10.58% | 1.27x | $3.57 Billion |
| MOL NA A ADR REG.S 1/2 (MOGG) | $4.56 Trillion | 6.53% | 0.80x | $7.83 Billion |
| NWF GROUP PLC LS-25 (NYY) | $85.40 Million | 10.66% | 1.86x | $71.42 Million |
| Reliance Industries Limited (RLI) | $9.34 Trillion | 7.14% | 0.83x | $166.45 Billion |
| Sinopec Shanghai Petrochemical Company Limited (SGJH) | $29.99 Billion | 7.39% | 0.52x | $446.36 Million |
About Thai Oil Public Company Limited
Thai Oil Public Company Limited, together with its subsidiaries, engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand, Indonesia, and internationally. It operates through Oil Refinery, Lube Base Oil Refinery, Aromatics and LAB, Power Generation, Solvent, Ethanol, Olefins, and Others segments. The company offers refined fuels, including gas… Read more