Valuation Thai Oil

Stocks

End-of-day quote Thailand S.E. 2026-09-15			5-day change	1st Jan Change
66.00 ^THB	+0.38%		-1.12%	+83.33%

Sep. 11	Krungsri Securities Upgrades Thai Oil to Buy from Neutral; Price Target is THB83	MT
Sep. 09	Innovest X Securities Upgrades Thai Oil to Outperform from Neutral; Price Target is THB85	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	100,981	125,653	120,069	63,106	80,418	147,433	-	-
Change	-	24.43%	-4.44%	-47.44%	27.43%	83.33%	-	-
Enterprise Value (EV) ¹	269,433	257,808	269,900	197,723	145,510	226,061	234,501	227,882
Change	-	-4.31%	4.69%	-26.74%	-26.41%	55.36%	3.73%	-2.82%
P/E	8.02x	3.6x	6.18x	6.33x	5.51x	4.04x	9.33x	8.27x
PBR	0.84x	0.83x	0.73x	0.39x	0.47x	0.71x	0.68x	0.63x
PEG	-	0x	-0.1x	-0.1x	0.1x	0x	-0.2x	0.6x
Capitalization / Revenue	0.29x	0.24x	0.26x	0.14x	0.2x	0.3x	0.34x	0.31x
EV / Revenue	0.78x	0.49x	0.58x	0.42x	0.37x	0.46x	0.55x	0.48x
EV / EBITDA	8.89x	4.96x	7.22x	9.42x	8.23x	4.04x	6.83x	5.75x
EV / EBIT	11.8x	5.82x	9.13x	15.3x	15.1x	4.6x	10.1x	8.45x
EV / FCF	-10.9x	22.8x	19.9x	6.5x	3.79x	34.7x	60.3x	10.3x
FCF Yield	-9.15%	4.39%	5.03%	15.4%	26.4%	2.88%	1.66%	9.69%
Dividend per Share ²	2.6	4	3.4	1.9	1.8	4.831	2.859	3.81
Rate of return	5.25%	7.11%	6.33%	6.73%	5%	7.32%	4.33%	5.77%
EPS ²	6.17	15.63	8.7	4.46	6.53	16.35	7.073	7.977
Distribution rate	42.1%	25.6%	39.1%	42.6%	27.6%	29.5%	40.4%	47.8%
Net sales ¹	345,496	529,589	469,244	466,777	395,682	489,794	427,543	477,079
EBITDA ¹	30,309	52,014	37,359	20,999	17,686	55,947	34,326	39,611
EBIT ¹	22,885	44,270	29,560	12,893	9,621	49,160	23,256	26,971
Net income ¹	12,578	32,668	19,443	9,959	11,852	36,379	16,361	18,435
Net Debt ¹	168,451	132,155	149,832	134,617	65,092	78,628	87,068	80,449
Reference price ²	49.50	56.25	53.75	28.25	36.00	66.00	66.00	66.00
Nbr of stocks (in thousands)	2,040,028	2,233,836	2,233,836	2,233,836	2,233,836	2,233,836	-	-
Announcement Date	2/15/22	2/10/23	2/14/24	2/14/25	2/12/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THAI OIL	4.02x	0.46x	4.03x	7.35%	4.43B
EXXONMOBIL HOLDINGS CORPORATION	14.42x	1.72x	7.34x	2.51%	696B
RELIANCE INDUSTRIES LTD	19.6x	1.61x	9.44x	0.47%	174B
BP PLC	7.61x	0.6x	2.76x	4.43%	121B
MARATHON PETROLEUM CORPORATION	7.6x	0.81x	5.21x	1.03%	115B
VALERO ENERGY CORPORATION	8.91x	0.75x	5.41x	1.26%	114B
PHILLIPS 66	9.59x	0.7x	6.63x	1.98%	106B
CHINA PETROLEUM & CHEMICAL CORPORATION	11.28x	0.38x	5.94x	6.24%	90.45B
SUNCOR ENERGY INC.	9.63x	1.88x	4.82x	2.53%	84.03B
IMPERIAL OIL LIMITED	12.33x	1.53x	8.12x	1.88%	65.41B
Average	10.50x	1.04x	5.97x	2.97%	157.11B
Weighted average by Cap.	12.69x	1.34x	6.68x	2.4%