Valuation Star Petroleum Refining Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 28/09/2026			5-day change	1st Jan Change
14.50 ^THB	+2.11%		+2.11%	+145.76%

09-09	Innovest X Securities Upgrades Star Petroleum Refining to Outperform from Neutral; Price Target is THB16.70	MT
08-17	Daol Securities Downgrades Star Petroleum Refining to Hold from Buy; Price Target is THB12	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	42,492	46,394	35,771	28,400	25,582	62,871	-	-
Change	-	9.18%	-22.9%	-20.61%	-9.92%	145.76%	-	-
Enterprise Value (EV) ¹	47,601	56,049	48,346	37,279	27,712	55,365	54,936	50,084
Change	-	17.75%	-13.74%	-22.89%	-25.66%	99.79%	-0.77%	-8.83%
P/E	8.99x	6.05x	-29.5x	12.6x	10x	3.63x	10.6x	10.9x
PBR	1.24x	1.2x	0.98x	0.73x	0.67x	1.24x	1.19x	1.13x
PEG	-	0.1x	0x	-0x	0.7x	0x	-0.2x	-4.4x
Capitalization / Revenue	0.25x	0.16x	0.15x	0.1x	0.11x	0.22x	0.24x	0.23x
EV / Revenue	0.28x	0.2x	0.2x	0.14x	0.11x	0.2x	0.21x	0.19x
EV / EBITDA	5.42x	4.58x	31.6x	7.37x	4.59x	2.37x	4.82x	5.34x
EV / EBIT	7.76x	5.81x	-52.1x	15.6x	11.8x	2.9x	7.74x	8.8x
EV / FCF	12.9x	-457x	-74.3x	3.16x	4.61x	4.28x	8.32x	8.17x
FCF Yield	7.73%	-0.22%	-1.35%	31.7%	21.7%	23.4%	12%	12.2%
Dividend per Share ²	-	1.11	-	0.4	0.45	1.471	0.8716	0.7518
Rate of return	-	10.4%	-	6.11%	7.63%	10.1%	6.01%	5.18%
EPS ²	1.09	1.77	-0.28	0.52	0.59	3.99	1.37	1.336
Distribution rate	-	62.7%	-	76.9%	76.3%	36.9%	63.6%	56.3%
Net sales ¹	172,484	285,264	238,284	270,606	241,882	280,977	267,447	269,341
EBITDA ¹	8,781	12,243	1,531	5,059	6,043	23,350	11,392	9,386
EBIT ¹	6,137	9,640	-928.5	2,386	2,357	19,115	7,094	5,693
Net income ¹	4,746	7,674	-1,230	2,235	2,570	17,270	5,926	5,387
Net Debt ¹	5,109	9,655	12,575	8,878	2,130	-7,506	-7,934	-12,787
Reference price ²	9.80	10.70	8.25	6.55	5.90	14.50	14.50	14.50
Nbr of stocks (in thousands)	4,335,902	4,335,902	4,335,902	4,335,902	4,335,902	4,335,902	-	-
Announcement Date	22/02/22	24/02/23	20/02/24	19/02/25	12/02/26	-	-	-

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.($)
ORLEN SPÓLKA AKCYJNA	6.06x	0.62x	3.45x	5.49%	44.98B
TÜRKIYE PETROL RAFINERILERI	9.62x	0.49x	4.93x	11.15%	15.98B
IDEMITSU KOSAN CO.,LTD.	17.73x	0.35x	8.63x	2.44%	12.67B
MOTOR OIL HELLAS CORINTH REFINERIES S.A.	4.6x	0.53x	3.17x	6.22%	8.25B
HELLENIQ ENERGY HOLDINGS S.A.	4.16x	0.47x	3.92x	6.21%	5.98B
CVR ENERGY, INC.	312.24x	0.69x	7.69x	0.78%	5.18B
CALUMET, INC.	-22.64x	1.32x	9.61x	-.--%	4.72B
DELEK US HOLDINGS, INC.	6.69x	0.41x	2.84x	1.49%	4.15B
Average	42.31x	0.61x	5.53x	4.22%	12.74B
Weighted average by Cap.	22.10x	0.58x	4.81x	5.44%