Thai Oil Public Company Limited (LQZ) - Net Assets
Based on the latest financial reports, Thai Oil Public Company Limited (LQZ) has net assets worth €174.72 Billion EUR (≈ $204.26 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€394.48 Billion ≈ $461.18 Billion USD) and total liabilities (€219.76 Billion ≈ $256.92 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 asset resilience ratio of Thai Oil Public Company Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €174.72 Billion |
| % of Total Assets | 44.29% |
| Annual Growth Rate | 5.1% |
| 5-Year Change | 38.35% |
| 10-Year Change | N/A |
| Growth Volatility | 10.25 |
Thai Oil Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Thai Oil Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore LQZ total assets for the complete picture of this company's asset base.
Annual Net Assets for Thai Oil Public Company Limited (2016–2024)
The table below shows the annual net assets of Thai Oil Public Company Limited from 2016 to 2024. For live valuation and market cap data, see LQZ market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 69.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €142.42 Billion | 87.14% |
| Other Components | €21.02 Billion | 12.86% |
| Total Equity | €163.45 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 |
|---|---|
|
Tongyang 3PB Preffered
KO:001529
|
$13.48K |
|
Alpine 4 Holdings Inc
NASDAQ:ALPP
|
$13.53K |
|
TomCo Energy Plc
LSE:TOM
|
$13.87K |
|
Thai Oil PCL
STU:LQZ
|
$13.99K |
|
Hornby PLC
LSE:HRN
|
$13.31K |
|
AGROSERV MARIUTA
RO:MILK
|
$13.29K |
|
HYGEIA HC HLDGS DL-00001
F:50I
|
$13.25K |
|
Orient Europharma Co Ltd
TWO:4120
|
$13.24K |
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 2023 to 2024, total equity changed from 165,567,758,875 to 163,446,333,052, a change of -2,121,425,823 (-1.3%).
- Net income of 9,958,627,917 contributed positively to equity growth.
- Dividend payments of 8,822,982,512 reduced retained earnings.
- Other factors decreased equity by 3,257,071,228.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €9.96 Billion | +6.09% |
| Dividends Paid | €8.82 Billion | -5.4% |
| Other Changes | €-3.26 Billion | -1.99% |
| Total Change | €- | -1.28% |
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 | €1.23 | x |
| 2018-12-31 | €59.66 | €1.23 | x |
| 2019-12-31 | €58.81 | €1.23 | x |
| 2020-12-31 | €56.97 | €1.23 | x |
| 2021-12-31 | €59.25 | €1.23 | x |
| 2022-12-31 | €69.85 | €1.23 | x |
| 2023-12-31 | €74.12 | €1.23 | x |
| 2024-12-31 | €73.17 | €1.23 | 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): 6.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.18%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.50x
- Recent ROE (6.09%) is below the historical average (11.12%), 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 |
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: $1,038,512,762,423
- Average return on equity (ROE) among peers: 8.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Oil Public Company Limited (LQZ) | €174.72 Billion | 19.86% | 1.26x | $13.40K |
| BANGCHAK CORP. -FGN- BA 1 (7BP) | $84.14 Billion | 3.42% | 2.55x | $10.17K |
| PTT OIL+RET.BUS.-FOR-BA10 (7F8) | $109.51 Billion | 10.13% | 1.01x | $3.44K |
| PTT OIL+RET.BUS.-NVDR- 10 (7F80) | $103.76 Billion | 9.99% | 1.17x | $3.60 Billion |
| COSAN S.A. SP.ADR 1/4 (9CI0) | $48.17 Billion | 2.44% | 1.79x | $3.56 Billion |
| RUBIS (BYN) | $2.76 Billion | 12.80% | 1.30x | $3.64 Billion |
| Reliance Industries Limited (RLI) | $8.89 Trillion | 6.83% | 0.69x | $203.30 Billion |
| Sinopec Shanghai Petrochemical Company Limited (SGJH) | $20.14 Billion | 16.12% | 0.39x | $512.87 Million |
| IRPC Public Company Limited (TPIG) | $76.12 Billion | -3.84% | 1.53x | $532.09 |
| Ultrapar Participações S.A (UGR) | $12.17 Billion | 14.79% | 1.99x | $3.65 Billion |
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 and internationally. It operates through Oil Refinery, Lube Base Oil Refinery, Aromatics and LAB, Power Generation, Solvent, Ethanol, Olefins, and Others segments. The company produces gasoline, diesel/gas oil, jet fuel, ke… Read more