ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy Minerals

PTT Public Co., Ltd.

Company Background

PTT is a Thai state-owned oil and energy company with the largest market capitalization on the Stock Exchange of Thailand. As gas resources in the Gulf of Thailand are starting to run dry, the company is pushing for resource development overseas. In 2012, its subsidiary PTT Exploration and Production spent about $2 billion to acquire Britain's Cove Energy, which owned interests in Mozambique, winning the bidding against rival Royal Dutch Shell.

As Thailand's finance ministry holds a more than 50% share, the company tends to be influenced by politics. After the military coup in May 2014, former Chairman Pranpree Bahiddha-Nukura, who was once the deputy leader of the Pheu Thai Party which led the toppled government, resigned from his post after less than a year. Many other board members appointed during the former regime followed suit. The current chairman, Piyasvasti Amranand, was energy minister in an earlier military-appointed government.

PTT is one of the main targets of the military government's push for the reform of state-owned enterprises. PTT has agreed to spin off its natural gas pipeline business to a new subsidiary in response to the government's initiative. President and CEO Tevin Vongvanich took office in October 2015 after his predecessor fulfilled his four year tenure. Tevin was the former chief executive of PTT's core subsidiary PTT Exploration and Production and had also served as PTT's chief financial officer from 2009 to 2012.

Business Summary

PTT Public Co., Ltd. is a holding company, which engages in the development and exploration of gas properties. It operates through the following segments: Gas, Petro & Refine, Oil & Training, PTT Exploration and Production Public Company Limited (PTTEP), and Other. The Other segment offers coal. The company was founded on December 29, 1978 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Revenue1,615.66B51,626.69M
Gross Profit169,015.58M5,400.69M
Operating income59,626.48M1,905.29M
Income before tax60,938.53M1,947.22M
Net income37,611.23M1,201.82M
EBITDA199,506.48M6,374.99M
Diluted EPS1.310.04
Dividends Per Share10.03
Total Assets2,544.18B84,919.32M
Total liabilities1,258.33B42,000.59M
Total equity882,040.40M29,440.60M
Operating cash flow199,800.33M6,384.38M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,718.84B 1,995.72B 2,336.15B 2,219.73B 1,615.66B
Gross Profit 254,231.59M 307,260.61M 313,116.36M 252,209.66M 169,015.58M
Operating income 173,087.81M 192,784.30M 214,844.06M 141,751.17M 59,626.48M
Income before tax 151,152.88M 205,617.52M 210,505.08M 149,072.49M 60,938.53M
Net income 92,788.03M 133,516.58M 118,523.06M 91,458.92M 37,611.23M
EBITDA 301,821.61M 309,073.48M 338,437.03M 274,955.17M 199,506.48M
Diluted EPS 3.26 4.67 4.14 3.20 1.31
Dividends Per Share 1.60 2 2 2 1
Total Assets 2,232.33B 2,267.48B 2,353.68B 2,486.96B 2,544.18B
Total liabilities 1,060.73B 1,018.92B 1,036.11B 1,185.92B 1,258.33B
Total equity 762,947.64M 818,671.75M 874,325.24M 878,604.10M 882,040.40M
Operating cash flow 248,397.17M 236,563.71M 254,430.52M 250,857.26M 199,800.33M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 48,719.33M 58,812.68M 72,265.81M 71,501.16M 51,626.69M
Gross Profit 7,205.99M 9,054.77M 9,685.83M 8,124.05M 5,400.69M
Operating income 4,906.03M 5,681.23M 6,645.91M 4,566.02M 1,905.29M
Income before tax 4,284.30M 6,059.42M 6,511.69M 4,801.85M 1,947.22M
Net income 2,630.00M 3,934.65M 3,666.35M 2,946.03M 1,201.82M
EBITDA 8,554.89M 9,108.20M 10,469.09M 8,856.72M 6,374.99M
Diluted EPS 0.09 0.13 0.12 0.10 0.04
Dividends Per Share 0.04 0.05 0.06 0.06 0.03
Total Assets 62,337.33M 69,576.05M 72,287.53M 83,026.82M 84,919.32M
Total liabilities 29,620.75M 31,265.04M 31,821.76M 39,591.88M 42,000.59M
Total equity 21,305.13M 25,120.33M 26,852.74M 29,332.02M 29,440.60M
Operating cash flow 7,040.62M 6,971.38M 7,870.46M 8,080.49M 6,384.38M

Valuation Measures

Dec 2020
PER32.27
ROA1.49%
ROE4.27%
Operating margin3.69%
Profit margin2.32%

Key executives

  • President & Chief Executive Officer: Auttapol Rerkpiboon
  • Chief Operating Officer: Atikom Terbsiri
  • Chief Financial Officer: Pannalin Mahawongtikul
  • Senior Executive Vice President: Chawalit Tippawanich
  • Executive Vice President: Wanida Boonpiraks

Shareholders

  • Government of Thailand (51.1%)
  • Krung Thai Asset Management Public Co., Ltd. (6.0%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (6.0%)
  • Social Security Office of Thailand (1.9%)
  • EGAT Saving & Credit Cooperative Ltd. (0.6%)
  • Norges Bank Investment Management (0.6%)
  • GIC Pte Ltd. (Investment Management) (0.5%)
  • TMB Asset Management Co., Ltd. (0.2%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.1%)
  • The Caisse de depot et placement du Quebec (0.1%)

Contact Details

  • Website:http://www.pttplc.com
  • Address: 555 Vibhavadi Rangsit Road, Chatuchak, Bangkok, 10900, Thailand
  • Phone: +66.2.537.2000

Related Companies

  • PTTEP International Holding Co., Ltd.
  • PTT Treasury Center Co. Ltd.
  • PTT Public Co., Ltd. /Oil & Retail Bus/
  • PTT Oil & Retail Business Public Co., Ltd.
  • PTT International Trading Co. Ltd.
  • PTTEP Group
  • PTT International Trading London Ltd.
  • PTT Energy Resources Co. Ltd.
  • PTT Regional Treasury Center Pte Ltd.
  • SME Co., Ltd.
  • PTT Energy Solutions Co. Ltd.
  • Keloil-PTT LPG Sdn. Bhd.
  • JV Marine Ltd.
  • PTT Cambodia Ltd.
  • Subic Bay Energy Co. Ltd.
  • PTT International Trading Pte Ltd.
  • PTT Philippines Trading Corp.
  • PTT Retail Management Co. Ltd.
  • PTT Philippines, Inc.
  • PTT Philippines Corp.
  • PTT Retail Business Co., Ltd.
  • PTT International Co. Ltd.
  • ConocoPhillips /147 Gasoline Service Stations/
  • Bangkok Polyethylene Ltd
  • Subic Bay Group
  • PTT Natural Gas Distribution Co., Ltd.
  • BCP Sukhapiban 3 Service Station
  • PTT Exploration & Production Plc

Competitors

  • IRPC Public Co., Ltd.
  • Siamgas & Petrochemicals Public Co. Ltd.
  • RPCG Public Co., Ltd.
  • Sea Oil Public Co. Ltd.
  • Formosa Chemicals & Fibre Corporation
  • Pilipinas Shell Petroleum Corp.
  • Seven Utilities and Power Public Company Limited
  • Loxley Public Co. Ltd.
  • SUSCO Public Co. Ltd.
  • PTG Energy Public Co. Ltd.
  • Star Petroleum Refining Public Co. Ltd.
Last Updated on 9 Apr, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more