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Banpu Public Co. Ltd.

Banpu Public Co. Ltd.

14.50
THB
+0.10
(+0.69%)
0.77EPS
23.18BMarket Cap
Dec 02Next Earn
Banpu Public Co. Ltd.
SET:BANPU
(Stock Exchange of Thailand)

Recent

price

14.50

P/E

ratio

- -

div

yld

65.93%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
1.32
2.18
2.31
1.1
1.03
2.94
0.95
0.94
1.14
0.9
0.75
1.35
2.52
1.67
1.69
1.73
1.64
Revenue per Share
0.5
0.39
0.17
0.03
0.03
-0.05
0.02
0.08
0.07
- -
-0.02
0.1
0.38
0.05
-0.01
-0.02
-0.01
Basic EPS, GAAP
-0.04
0.27
-0.02
-0.06
-0.01
0.07
-0.01
0.04
0.05
-0.06
-0.14
0.17
0.51
-0.07
0.06
-0.04
-0.06
Free Cash Flow per Basic Share
0.11
0.12
0.11
0.04
0.03
0.11
0.03
0.03
0.04
0.04
0.02
0.02
0.04
0.08
0.03
0.02
0.29
Dividend per Share
1.22
1.61
1.62
1.39
1.32
1.13
0.98
1.11
0.94
0.88
0.9
0.92
1.05
1
0.87
0.91
0.96
Book Value per Share
0.02
1.29
1.29
1.06
0.98
0.79
0.75
0.88
0.76
0.7
0.7
0.74
0.92
0.84
0.72
0.77
0.83
Tangible Book Value per Share
1,633
1,633
1,633
3,046
3,046
842
2,375
3,047
3,051
3,051
3,049
3,048
3,048
3,048
3,048
3,048
3,244
Basic Weighted Avg Shares
2,156
3,560
3,775
3,351
3,145
2,477
2,259
2,877
3,481
2,759
2,283
4,124
7,693
5,083
5,148
5,278
5,335
Sales/Revenue/Turnover
16.05
20.1
12.83
6.79
8.07
6.89
8.36
16.11
14.9
1.02
-3.84
23.32
36.53
9.5
5.9
4.09
3.9
Operating Margin (%)
85
197
234
226
221
188
182
205
326
339
433
497
633
573
604
623
658
Depreciation Expense
822
635
272
78
83
-43
47
234
205
-14
-56
304
1,162
160
-24
-61
-35
Net Income, GAAP
12.21
25.09
28.37
36.93
37.48
120.19
41.53
28.02
37.53
62.7
- -
28.68
24.3
24.2
46.52
- -
59.25
Effective Tax Rate (%)
38.11
17.85
7.2
2.33
2.63
-1.73
2.1
8.12
5.9
-0.52
-2.44
7.37
15.11
3.15
-0.46
-1.16
-0.66
Profit Margin (%)
620
866
833
-37
181
-23
-131
12
-315
-197
-636
-352
903
316
54
519
886
Working Capital
2,515
2,676
2,896
2,731
2,937
2,868
2,572
3,117
3,053
3,441
3,765
4,207
4,667
4,713
4,401
5,689
6,032
LT Debt
2,280
3,052
2,996
2,501
2,386
2,065
2,738
3,211
2,805
2,635
2,815
3,103
4,409
4,828
4,701
4,893
5,158
Total Equity
8.14
13.19
5.59
2.4
2.79
-0.62
1.94
5.1
3.87
0.15
- -
7.82
21.09
3.92
1.22
- -
21.79
Return on Invested Capital (%)
21.58
9.86
3.27
1.27
1.49
-1.7
1.28
3.41
2.91
-0.11
- -
2.75
9.14
2.12
0.39
- -
-0.04
Return on Capital (%)
47.6
27.41
10.3
3.25
3.93
-2.25
2.4
9.71
8.56
-0.69
-2.72
13.67
40.21
4.42
-0.66
-1.8
-1.02
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,977
1,799
1,680
LT Borrowings
4,878
5,651
5,991
LT Finance Leases
54
38
42
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,831
3,831
3,831
Market Capitalization
537
601
711

Working Capital

USD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,832
3,248
3,564
Cash, Cash Equivalents & STI
1,619
1,971
2,259
Accounts Receivable, Net
474
530
535
Inventories
242
262
252
Total Current Liabilities
2,918
2,729
2,678
Payables & Accruals
799
826
819
ST Debt
1,977
1,799
1,680
Deferred Revenue
2
10
15

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.13%
12.65%
4.08%
Free Cash Flow
-120.97%
-100.34%
-164.12%
Net Income, GAAP
-5.74%
-80.84%
159.66%
Sales/Revenue/Turnover
13.87%
27.42%
2.52%
Total Cash Common Dividend
10.97%
24.47%
-31.11%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,134
1,308
1,339
1,368
5,148
2025
1,284
1,237
1,358
1,399
5,278
2026
1,340
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
-0.01
-0.02
-0.01
2025
- -
-0.01
0.01
-0.01
-0.02
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.4
0.02
- -
0.03
2025
- -
0.3
0.01
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
Banpu Public Company Limited is a Thailand-based integrated energy company focused on energy resources, power generation, and energy technology solutions. Founded in 1983 and headquartered in Bangkok, the company operates across Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Japan, the United States, and Vietnam; its core businesses encompass coal and natural gas mining, thermal and renewable power generation including solar, wind, and battery energy storage systems (BESS), energy trading, net zero solutions such as rooftop solar installations, energy storage, electric vehicle fleet management, and consultation services; additional offerings include carbon capture utilization and storage (CCUS), battery manufacturing with 3.2 GWh capacity, AI-integrated mining operations, and emerging technologies in data centers and digital energy platforms. Banpu generates power through subsidiaries like Banpu Power Public Company Limited (BPP), with total capacity exceeding 4,900 MW from gas-fired, coal-fired, and renewables plants; it trades electricity serving thousands of customers in Japan; and advances closed-loop gas strategies via its NYSE-listed subsidiary BKV Corporation, integrating upstream gas production, power generation, and CCUS projects like Barnett Zero. In late 2025, Banpu advanced its Energy Symphonics strategy with a major restructuring, including the amalgamation of Banpu and BPP into a new listed entity (NewCo) by Q3 2026, a general offer for BPP shares at THB 13.00, and consolidation of 75% of its 1.5 GW U.S. gas-fired power assets under BKV for a strengthened closed-loop gas pillar; recent initiatives feature partnerships like Banpu NEXT's collaboration with enspired for AI-optimized BESS in Japan, a joint venture with Copenhagen Infrastructure Partners for U.S. CCUS development, 227 MW rooftop solar projects at Amata Industrial Parks in Vietnam, and ongoing construction of solar farms in China and large-scale BESS in Australia targeting commercial operation by 2026-2027. The realignment organizes operations into four pillars—Next-Gen Mining with AI modernization and strategic minerals, U.S. Closed-Loop Gas, Power+ encompassing thermal/renewables/BESS/trading/gas infrastructure, and Future Tech for data center-linked innovations—aiming to triple renewables capacity growth, achieve Net Zero by 2050, reduce Scope 1/2 emissions over 20% and coal earnings below 50% of EBITDA by 2030, while capitalizing on AI-driven energy demand.