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Energy Minerals

Banpu Public Co. Ltd.

  • 19.60 THB
  • 0.00
  • 0.00%
  • Thailand
    Apr 20, 2018
  • Ticker
    BKK(BANPU)
  • Prev. close
    19.60
  • Market cap (THB)
    101,174M
  • Market cap (USD)
    3,230.32M
  • 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 2017 THBUSD
Revenue97,323.75M2,868.07M
Gross Profit37,531.39M1,106.02M
Operating income24,791.68M730.59M
Income before tax9,173.97M270.35M
Net income7,900.24M232.81M
EBITDA52,662.10M1,551.91M
Diluted EPS1.530.04
Dividends Per Share0.650.01
Total Assets268,751.36M8,246.43M
Total liabilities163,822.09M5,026.75M
Total equity85,314.88M2,617.82M
Operating cash flow12,117.52M357.09M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 102,943.78M 102,121.73M 84,649.68M 79,737.47M 97,323.75M
Gross Profit 32,215.63M 32,705.52M 27,461.76M 26,413.16M 37,531.39M
Operating income 7,200.82M 18,142.16M 13,904.03M 14,396.94M 24,791.68M
Income before tax 4,771.85M 5,339.06M 955.78M 1,694.01M 9,173.97M
Net income 2,324.84M 2,695.52M -1,534.24M 1,677.11M 7,900.24M
EBITDA 43,014.03M 57,087.51M 43,092.39M 37,190.04M 52,662.10M
Diluted EPS 0.67 0.78 -0.44 0.45 1.53
Dividends Per Share 0.56 0.90 0.75 0.50 0.65
Total Assets 233,926.97M 227,541.06M 236,484.81M 249,849.88M 268,751.36M
Total liabilities 151,611.75M 148,903.97M 161,955.84M 151,747.43M 163,822.09M
Total equity 71,570.94M 67,461.93M 63,206.92M 78,875.00M 85,314.88M
Operating cash flow 4,980.74M 9,221.45M 10,770.23M 20,868.73M 12,117.52M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,350.02M 3,143.79M 2,469.89M 2,260.09M 2,868.07M
Gross Profit 1,048.37M 1,006.83M 801.27M 748.66M 1,106.02M
Operating income 234.33M 558.50M 405.68M 408.06M 730.59M
Income before tax 155.28M 164.36M 27.88M 48.01M 270.35M
Net income 75.65M 82.98M -44.76M 47.53M 232.81M
EBITDA 1,399.77M 1,757.42M 1,257.34M 1,054.12M 1,551.91M
Diluted EPS 0.02 0.02 -0.01 0.01 0.04
Dividends Per Share 0.01 0.02 0.02 0.01 0.01
Total Assets 7,118.89M 6,916.14M 6,571.76M 6,977.00M 8,246.43M
Total liabilities 4,613.86M 4,525.95M 4,500.64M 4,237.51M 5,026.75M
Total equity 2,178.05M 2,050.51M 1,756.47M 2,202.56M 2,617.82M
Operating cash flow 162.08M 283.88M 314.25M 591.50M 357.09M

Valuation Measures

Dec 2017
PER12.58
ROA3.04%
ROE9.62%
Operating margin25.47%
Profit margin8.11%

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 (9.2%)
  • The Vanguard Group, Inc. (2.3%)
  • VONGKUSOLKIT ISARA (2.2%)
  • Social Security Office of Thailand (2.1%)
  • VONGKUSOLKIT KAMOL (1.8%)
  • BBL Asset Management Co., Ltd. (0.8%)
  • WONGKUTSALAKIT SUPHAWI (0.7%)
  • Dimensional Fund Advisors LP (0.7%)
  • Electricity Generating Authority Employees Provident Fund (0.6%)
  • 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

  • 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

  • Yanzhou Coal Mining Co. Ltd. Class H
  • China Coal Energy Co. Ltd. Class H
  • Whitehaven Coal Limited
  • Peabody Energy Corporation
  • PT Adaro Energy Tbk
  • China Shenhua Energy Co. Ltd. Class H
  • PT Bukit Asam Tbk
  • PT Bumi Resources Tbk Class A
  • PT Indo Tambangraya Megah Tbk
  • Lanna Resources Public Co., Ltd.
  • Thoresen Thai Agency Public Co. Ltd.
Last Updated on 20 Apr, 2018

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