PTT GLOBAL CHEMICAL |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37 THB | 0.00% |
|
-4.52% | -3.90% |
| Apr. 09 | PTT Global Chemical Public Company Limited Announces Committee Changes | CI |
| Apr. 09 | PTT Global Chemical Public Company Limited Announces Company Secretary, Effective from May 16, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 255,733 | 262,463 | 264,895 | 213,043 | 173,591 | 166,827 | - | - |
| Enterprise Value (EV) 1 | 337,261 | 356,888 | 465,276 | 482,935 | 173,591 | 386,963 | 360,752 | 341,523 |
| P/E ratio | 22 x | 1,463 x | 5.87 x | -24.4 x | 175 x | 19.4 x | 10.4 x | 11.5 x |
| Yield | 3.51% | 1.71% | 6.38% | - | - | 2.75% | 4.13% | 4.53% |
| Capitalization / Revenue | 0.62 x | 0.8 x | 0.56 x | 0.31 x | 0.28 x | 0.26 x | 0.27 x | 0.27 x |
| EV / Revenue | 0.82 x | 1.08 x | 0.99 x | 0.71 x | 0.28 x | 0.61 x | 0.57 x | 0.55 x |
| EV / EBITDA | 13.5 x | 20.3 x | 7.73 x | 11.3 x | 4.29 x | 8.44 x | 6.93 x | 6.36 x |
| EV / FCF | -34.9 x | -122 x | 8.85 x | -19.5 x | - | 15.4 x | 11.8 x | 12 x |
| FCF Yield | -2.86% | -0.82% | 11.3% | -5.13% | - | 6.51% | 8.46% | 8.33% |
| Price to Book | 0.9 x | 0.93 x | 0.83 x | 0.73 x | - | 0.56 x | 0.54 x | 0.53 x |
| Nbr of stocks (in thousands) | 4,486,549 | 4,486,549 | 4,508,849 | 4,508,849 | 4,508,849 | 4,508,849 | - | - |
| Reference price 2 | 57.00 | 58.50 | 58.75 | 47.25 | 38.50 | 37.00 | 37.00 | 37.00 |
| Announcement Date | 2/17/20 | 2/15/21 | 2/14/22 | 2/13/23 | 2/12/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 412,810 | 329,291 | 468,953 | 683,954 | 621,631 | 630,822 | 628,660 | 618,207 |
| EBITDA 1 | 24,920 | 17,608 | 60,181 | 42,592 | 40,449 | 45,875 | 52,055 | 53,696 |
| EBIT 1 | 5,722 | -2,683 | 37,443 | 15,029 | 3,220 | 18,439 | 23,354 | 25,058 |
| Operating Margin | 1.39% | -0.81% | 7.98% | 2.2% | 0.52% | 2.92% | 3.71% | 4.05% |
| Earnings before Tax (EBT) 1 | 12,999 | 542.6 | 52,778 | -9,909 | 2,217 | 10,116 | 20,067 | 20,853 |
| Net income 1 | 11,682 | 199.6 | 44,982 | -8,752 | 999.1 | 8,471 | 16,557 | 15,713 |
| Net margin | 2.83% | 0.06% | 9.59% | -1.28% | 0.16% | 1.34% | 2.63% | 2.54% |
| EPS 2 | 2.590 | 0.0400 | 10.01 | -1.940 | 0.2200 | 1.908 | 3.544 | 3.207 |
| Free Cash Flow 1 | -9,653 | -2,914 | 52,576 | -24,798 | - | 25,181 | 30,519 | 28,457 |
| FCF margin | -2.34% | -0.88% | 11.21% | -3.63% | - | 3.99% | 4.85% | 4.6% |
| FCF Conversion (EBITDA) | - | - | 87.36% | - | - | 54.89% | 58.63% | 53% |
| FCF Conversion (Net income) | - | - | 116.88% | - | - | 297.25% | 184.33% | 181.11% |
| Dividend per Share 2 | 2.000 | 1.000 | 3.750 | - | - | 1.016 | 1.527 | 1.678 |
| Announcement Date | 2/17/20 | 2/15/21 | 2/14/22 | 2/13/23 | 2/12/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 163,782 | - | 113,189 | 140,461 | 176,767 | 197,603 | - | 183,141 | 126,442 | 148,147 | 147,949 | 296,095 | 161,678 | 163,858 | 163,566 | - | - | - |
| EBITDA 1 | 1,014 | 33,648 | 16,608 | 9,929 | 18,757 | 23,745 | - | - | - | 9,115 | 6,835 | 16,365 | 14,684 | 12,585 | 10,722 | - | - | - |
| EBIT 1 | -8,918 | 22,602 | 10,770 | 4,075 | 11,920 | 16,963 | 28,882 | -5,954 | -7,900 | 727.7 | -3,185 | - | 7,484 | -1,808 | 3,381 | - | - | - |
| Operating Margin | -5.44% | - | 9.52% | 2.9% | 6.74% | 8.58% | - | -3.25% | -6.25% | 0.49% | -2.15% | - | 4.63% | -1.1% | 2.07% | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | 7,965 | 3,499 | 4,865 | 1,502 | - | -13,285 | - | 16.46 | -5,878 | - | 1,864 | 6,215 | -898 | - | - | - |
| Net income 1 | -7,113 | - | 7,005 | 3,248 | 4,212 | 1,388 | 5,600 | -13,384 | -968 | 82.45 | -5,591 | -5,509 | 1,427 | 5,081 | 222.5 | 2,049 | - | - |
| Net margin | -4.34% | - | 6.19% | 2.31% | 2.38% | 0.7% | - | -7.31% | -0.77% | 0.06% | -3.78% | -1.86% | 0.88% | 3.1% | 0.14% | - | - | - |
| EPS | -1.590 | - | 1.560 | 0.7100 | 0.9300 | 0.3100 | 1.240 | -2.970 | -0.2100 | 0.0200 | -1.240 | -1.220 | 0.3200 | 1.130 | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 0.7500 | - | - | - | - | - | - | - | - | - | 0.6384 | - | - |
| Announcement Date | 8/7/20 | 8/9/21 | 11/10/21 | 2/14/22 | 5/11/22 | 8/10/22 | 8/10/22 | 11/9/22 | 2/13/23 | 5/10/23 | 8/9/23 | 8/9/23 | 11/8/23 | 2/12/24 | - | - | - | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 81,527 | 94,425 | 200,381 | 269,892 | - | 220,135 | 193,925 | 174,695 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.272 x | 5.362 x | 3.33 x | 6.337 x | - | 4.799 x | 3.725 x | 3.253 x |
| Free Cash Flow 1 | -9,653 | -2,914 | 52,576 | -24,798 | - | 25,181 | 30,519 | 28,457 |
| ROE (net income / shareholders' equity) | 4.02% | 0.07% | 15% | 3.04% | - | 3.16% | 5.3% | 5.46% |
| ROA (Net income/ Total Assets) | 2.53% | 0.04% | 7.23% | 1.26% | - | 1.49% | 2.17% | 2.65% |
| Assets 1 | 460,886 | 470,770 | 621,750 | -692,421 | - | 567,593 | 763,828 | 592,630 |
| Book Value Per Share 2 | 63.40 | 62.60 | 70.60 | 64.60 | - | 65.70 | 67.90 | 69.80 |
| Cash Flow per Share 2 | 6.700 | 4.940 | 15.30 | -0.7600 | - | 4.800 | 7.880 | 8.250 |
| Capex 1 | 39,828 | 25,059 | 16,074 | 21,372 | - | 19,383 | 18,365 | 17,353 |
| Capex / Sales | 9.65% | 7.61% | 3.43% | 3.12% | - | 3.07% | 2.92% | 2.81% |
| Announcement Date | 2/17/20 | 2/15/21 | 2/14/22 | 2/13/23 | 2/12/24 | - | - | - |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
37
THB
Average target price
39.36
THB
Spread / Average Target
+6.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.90% | 4.5B | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +7.73% | 15.03B | |
| +16.93% | 14.96B |
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