Banpu Public Co. Ltd.

In the news

Glove makers and net stocks see COVID-19 boom in bear market Jul 1, 2020
Thai coal major Banpu buys US shale gas assets for $770m Dec 19, 2019
Asian stocks rise, with trade and Hong Kong unrest watched Nov 12, 2019
Southeast Asia's energy majors pivot sharply to green power Apr 15, 2019
Thailand's Banpu sees a bright future in solar business Apr 5, 2018

See more articles on Banpu Public Co. Ltd.

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 2021	THB	USD
Revenue	133,190.08M	4,160.07M
Gross Profit	56,273.99M	1,757.67M
Operating income	40,981.43M	1,280.02M
Income before tax	15,054.27M	470.20M
Net income	9,851.79M	307.71M
EBITDA	69,297.50M	2,164.44M
Diluted EPS	1.49	0.04
Dividends Per Share	0.45	0.01
Total Assets	365,799.39M	10,950.43M
Total liabilities	262,102.26M	7,846.19M
Total equity	79,277.25M	2,373.21M
Operating cash flow	27,569.74M	861.11M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	97,323.75M	112,770.51M	85,717.84M	71,331.75M	133,190.08M
Gross Profit	37,531.39M	39,809.64M	21,981.11M	14,342.13M	56,273.99M
Operating income	24,791.68M	26,250.34M	8,395.98M	2,922.99M	40,981.43M
Income before tax	9,173.97M	7,846.07M	-2,499.04M	-4,538.36M	15,054.27M
Net income	7,900.24M	6,693.73M	-395.26M	-1,786.31M	9,851.79M
EBITDA	52,662.10M	55,620.95M	40,086.24M	29,398.12M	69,297.50M
Diluted EPS	1.29	1.09	-0.06	-0.29	1.49
Dividends Per Share	0.54	0.58	0.50	0.25	0.45
Total Assets	268,751.36M	274,317.39M	243,312.10M	281,647.62M	365,799.39M
Total liabilities	163,822.09M	171,304.58M	163,858.84M	197,092.36M	262,102.26M
Total equity	85,314.88M	83,060.46M	61,166.99M	62,343.95M	79,277.25M
Operating cash flow	12,117.52M	18,523.07M	17,028.43M	8,513.91M	27,569.74M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	2,868.07M	3,488.40M	2,761.10M	2,279.32M	4,160.07M
Gross Profit	1,106.02M	1,231.45M	708.04M	458.28M	1,757.67M
Operating income	730.59M	812.01M	270.44M	93.40M	1,280.02M
Income before tax	270.35M	242.70M	-80.49M	-145.01M	470.20M
Net income	232.81M	207.06M	-12.73M	-57.07M	307.71M
EBITDA	1,551.91M	1,720.55M	1,291.23M	939.38M	2,164.44M
Diluted EPS	0.03	0.03	-0.00	-0.00	0.04
Dividends Per Share	0.01	0.01	0.01	0.00	0.01
Total Assets	8,246.43M	8,424.98M	8,122.92M	9,400.78M	10,950.43M
Total liabilities	5,026.75M	5,261.19M	5,470.39M	6,578.51M	7,846.19M
Total equity	2,617.82M	2,550.99M	2,042.04M	2,080.90M	2,373.21M
Operating cash flow	357.09M	572.98M	548.51M	272.05M	861.11M

Valuation Measures

Dec 2021
PER	6.66
ROA	3.04%
ROE	13.91%
Operating margin	30.76%
Profit margin	7.39%

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 (7.1%)
Social Security Office of Thailand (2.1%)
TANGMATITHAM PRATEEP (1.4%)
Krungsri Asset Management Co., Ltd. (0.7%)
TISCO Asset Management Co., Ltd. (0.2%)
Polunin Capital Partners Ltd. (0.2%)
TMB Asset Management Co., Ltd. (0.1%)
Dimensional Fund Advisors Ltd. (0.0%)
Dimensional Fund Advisors LP (0.0%)
Aberdeen Asset Investments Ltd. (0.0%)

Contact Details

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

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Competitors

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Last Updated on 1 Jul, 2022