ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Energy Minerals

Banpu Public Co. Ltd.

  • 14.20 THB
  • -0.20
  • -1.39%
  • Thailand
    May 24, 2019
  • Ticker
    BKK(BANPU)
  • Prev. close
    14.40
  • Market cap (THB)
    74,331.70M
  • Market cap (USD)
    2,333.81M
  • Shares
    5,161.93M

Company Background

Banpu is one of the largest coal miners in Southeast Asia. It owns stakes in more than 20 coal assets around the world, including Indonesia, Australia, Mongolia and China. Its coal mining operations in Thailand have been closed due to depletion. It has diversified into coal-fired power generation since 1993 and operates power plants in and outside of Thailand. It is expecting to start operations of the Hongsa power plant in Laos in 2015, through a joint venture with independent power producer Ratchaburi Electricity Generating Holding and Lao Holding State Enterprise.

CEO Chanin Vongkusolkit founded Banpu in 1983 as a coal-mining venture in Thailand with the Auapinyakul family. Chanin is the youngest son of the Vongkusolkit family that runs Thailand's largest sugar producer, Mitr Phol Sugar. He decided to start a different business of his own. Banpu was listed on the Thai bourse in 1989. Mitr Phol is its second-largest shareholder with a more than 5% stake.

Banpu controls a roughly 15% stake in Ratchaburi Electricity Generating Holding, which was spun off from state-owned electricity giant Electricity Generating Authority of Thailand.

Business Summary

Banpu Public Co. Ltd. engages in the generation and distribution of electric energy. Its projects include coal mining operations, power generation, and alternative energy production. The company was founded Metee Auapinyakul and Ongart Auapinyakul on May 16, 1983 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018 THBUSD
Revenue112,770.51M3,488.40M
Gross Profit39,809.64M1,231.45M
Operating income26,250.34M812.01M
Income before tax7,846.07M242.70M
Net income6,693.73M207.06M
EBITDA55,620.95M1,720.55M
Diluted EPS1.290.04
Dividends Per Share0.700.02
Total Assets274,317.39M8,424.98M
Total liabilities171,304.58M5,261.19M
Total equity83,060.46M2,550.99M
Operating cash flow18,523.07M572.98M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 102,121.73M 84,649.68M 79,737.47M 97,323.75M 112,770.51M
Gross Profit 32,705.52M 27,461.76M 26,413.16M 37,531.39M 39,809.64M
Operating income 18,142.16M 13,904.03M 14,396.94M 24,791.68M 26,250.34M
Income before tax 5,339.06M 955.78M 1,694.01M 9,173.97M 7,846.07M
Net income 2,695.52M -1,534.24M 1,677.11M 7,900.24M 6,693.73M
EBITDA 57,087.51M 43,092.39M 37,190.04M 52,662.10M 55,620.95M
Diluted EPS 0.78 -0.44 0.45 1.53 1.29
Dividends Per Share 0.90 0.75 0.50 0.65 0.70
Total Assets 227,541.06M 236,484.81M 249,849.88M 268,751.36M 274,317.39M
Total liabilities 148,903.97M 161,955.84M 151,747.43M 163,822.09M 171,304.58M
Total equity 67,461.93M 63,206.92M 78,875.00M 85,314.88M 83,060.46M
Operating cash flow 9,221.45M 10,770.23M 20,868.73M 12,117.52M 18,523.07M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,143.79M 2,469.89M 2,260.09M 2,868.07M 3,488.40M
Gross Profit 1,006.83M 801.27M 748.66M 1,106.02M 1,231.45M
Operating income 558.50M 405.68M 408.06M 730.59M 812.01M
Income before tax 164.36M 27.88M 48.01M 270.35M 242.70M
Net income 82.98M -44.76M 47.53M 232.81M 207.06M
EBITDA 1,757.42M 1,257.34M 1,054.12M 1,551.91M 1,720.55M
Diluted EPS 0.02 -0.01 0.01 0.04 0.04
Dividends Per Share 0.02 0.02 0.01 0.01 0.02
Total Assets 6,916.14M 6,571.76M 6,977.00M 8,246.43M 8,424.98M
Total liabilities 4,525.95M 4,500.64M 4,237.51M 5,026.75M 5,261.19M
Total equity 2,050.51M 1,756.47M 2,202.56M 2,617.82M 2,550.99M
Operating cash flow 283.88M 314.25M 591.50M 357.09M 572.98M

Valuation Measures

Dec 2018
PER11.41
ROA2.46%
ROE7.95%
Operating margin23.27%
Profit margin5.93%

Key executives

  • Chairman & President: Chanin Vongkusolkit
  • Chief Executive Officer & Director: Somruedee Chaimongkol
  • Chief Operating Officer: Sutee Sukruan
  • Chief Financial Officer: Peter Parry
  • Deputy CEO-Strategy & Business Development: Akaraphong Dayananda

Shareholders

  • VONGKUSOLKIT FAMILY (10.2%)
  • The Vanguard Group, Inc. (2.5%)
  • VONGKUSOLKIT ISARA (2.2%)
  • Social Security Office of Thailand (2.2%)
  • VONGKUSOLKIT KAMOL (1.8%)
  • Krungsri Asset Management Co., Ltd. (1.4%)
  • Dimensional Fund Advisors LP (0.9%)
  • WONGKUTSALAKIT SUPHAWI (0.7%)
  • VONGKUSOLKIT VITOON (0.7%)
  • VONGKUSOLKIT LUCKSAMEE (0.6%)

Contact Details

  • Website:http://www.banpu.com
  • Address: Thanapoom Tower, 1550 New Petchburi Road, Bangkok, 10400, Thailand
  • Phone: +66.2.694.6600

Related Companies

  • Mineral Resources Development Co. Ltd. (Thailand)
  • Banpu Infinergy Co. Ltd.
  • AACI SAADEC (BVI) Holdings Ltd.
  • Banpu Power Investment Co. Ltd.
  • Banpu Power Development Co. Ltd.
  • Banpu International Ltd.
  • Banpu Singapore Pte Ltd.
  • Hunnu Coal Ltd.
  • Banpu Power Public Co. Ltd.
  • BP Overseas Development Co. Ltd.
  • Banpu Coal Power Ltd.
  • PT Nusantara Thai Mining Services
  • Banpu China Pte Ltd.
  • Banpu Power Vietnam
  • Amata Power (Bienhua)
  • PT Indo Tambangraya Megah Tbk
  • PT Indominco Mandiri
  • Banpu Minerals Co. Ltd.
  • Centennial Coal Co. Ltd.

Competitors

  • Lanna Resources Public Co., Ltd.
  • Ratch Group Public Co. Ltd.
  • B.Grimm Power Public Company Ltd
  • Electricity Generating Public Co., Ltd.
  • PT Indika Energy Tbk
  • Glencore plc
  • PT Bumi Resources Tbk Class A
  • Yancoal Australia Ltd.
  • Global Power Synergy Public Company Ltd
  • Glow Energy Public Co., Ltd.
  • PT Bukit Asam Tbk
  • Asia Green Energy PCL
  • PT Adaro Energy Tbk
  • PT Golden Energy Mines Tbk
  • Siam Cement Public Co. Ltd.
  • Thoresen Thai Agencies Public Co. Ltd.
Last Updated on 24 May, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends May 26th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media