Valuation Thai Oil

Stocks

End-of-day quote Thailand S.E. 11/09/2026			5-day change	1st Jan Change
67.00 ^THB	0.00%		+4.69%	+86.11%

01:45pm	Krungsri Securities Upgrades Thai Oil to Buy from Neutral; Price Target is THB83	MT
09-09	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	149,667	-	-
Change	-	24.43%	-4.44%	-47.44%	27.43%	86.11%	-	-
Enterprise Value (EV) ¹	269,433	257,808	269,900	197,723	145,510	228,295	236,735	230,116
Change	-	-4.31%	4.69%	-26.74%	-26.41%	56.89%	3.7%	-2.8%
P/E	8.02x	3.6x	6.18x	6.33x	5.51x	4.1x	9.47x	8.4x
PBR	0.84x	0.83x	0.73x	0.39x	0.47x	0.72x	0.69x	0.64x
PEG	-	0x	-0.1x	-0.1x	0.1x	0x	-0.2x	0.7x
Capitalization / Revenue	0.29x	0.24x	0.26x	0.14x	0.2x	0.31x	0.35x	0.31x
EV / Revenue	0.78x	0.49x	0.58x	0.42x	0.37x	0.47x	0.55x	0.48x
EV / EBITDA	8.89x	4.96x	7.22x	9.42x	8.23x	4.08x	6.9x	5.81x
EV / EBIT	11.8x	5.82x	9.13x	15.3x	15.1x	4.64x	10.2x	8.53x
EV / FCF	-10.9x	22.8x	19.9x	6.5x	3.79x	35.1x	60.9x	10.4x
FCF Yield	-9.15%	4.39%	5.03%	15.4%	26.4%	2.85%	1.64%	9.59%
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%	7.21%	4.27%	5.69%
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	67.00	67.00	67.00
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	15/02/22	10/02/23	14/02/24	14/02/25	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.($)
THAI OIL	4.13x	0.47x	4.1x	7.1%	4.53B
EXXONMOBIL HOLDINGS CORPORATION	14.43x	1.72x	7.35x	2.51%	679B
RELIANCE INDUSTRIES LTD	19.85x	1.63x	9.55x	0.46%	180B
BP PLC	7.55x	0.6x	2.75x	4.46%	118B
MARATHON PETROLEUM CORPORATION	7.52x	0.8x	5.17x	1.04%	110B
VALERO ENERGY CORPORATION	8.97x	0.76x	5.53x	1.26%	111B
PHILLIPS 66	9.64x	0.7x	6.86x	1.96%	103B
CHINA PETROLEUM & CHEMICAL CORPORATION	11.55x	0.39x	6.05x	6.12%	95.05B
SUNCOR ENERGY INC.	9.6x	1.88x	4.81x	2.54%	80.67B
IMPERIAL OIL LIMITED	12.04x	1.45x	7.95x	1.89%	63.41B
Average	10.53x	1.04x	6.01x	2.93%	154.59B
Weighted average by Cap.	12.78x	1.33x	6.74x	2.4%