PTT Public Co., Ltd.
- 46.25 THB
- +0.50
- +1.09%
Thailand
May 23, 2019Ticker
BKK(PTT)Prev. close
45.75Market cap (THB)
1,306.75BMarket cap (USD)
40,845.70MShares
28,562.99M
In the news
- Vietnam state oil retailer tweaks search plans for foreign strategic partner Dec 20, 2018
- Thailand's PTTEP to expand gas investment in Africa Dec 20, 2018
- Nikkei Asia300 falls in May on Sino-US tensions, geopolitics May 31, 2018
- Siam Cement sees opportunities along Belt & Road Mar 19, 2018
- Thailand's largest company PTT names new CEO Mar 16, 2018 See more articles on 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
Financial Highlights
| Dec 2018 | THB | USD |
| Revenue | 2,336.15B | 72,265.81M |
| Gross Profit | 313,153.06M | 9,686.96M |
| Operating income | 214,880.76M | 6,647.04M |
| Income before tax | 210,541.78M | 6,512.82M |
| Net income | 118,559.75M | 3,667.48M |
| EBITDA | 338,437.03M | 10,469.09M |
| Diluted EPS | 4.15 | 0.12 |
| Dividends Per Share | 2 | 0.06 |
| Total Assets | 2,436.49B | 74,830.87M |
| Total liabilities | 1,117.99B | 34,336.57M |
| Total equity | 875,083.82M | 26,876.03M |
| Operating cash flow | 252,826.22M | 7,820.83M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 2,605.06B | 2,025.55B | 1,718.84B | 1,995.72B | 2,336.15B |
| Gross Profit | 220,221.98M | 216,927.57M | 253,208.37M | 307,260.61M | 313,153.06M |
| Operating income | 124,469.32M | 129,037.73M | 173,087.82M | 192,784.30M | 214,880.76M |
| Income before tax | 104,973.09M | 50,877.20M | 151,152.89M | 205,617.52M | 210,541.78M |
| Net income | 58,106.39M | 19,939.67M | 92,788.03M | 133,516.58M | 118,559.75M |
| EBITDA | 260,032.61M | 272,373.84M | 301,821.62M | 309,073.48M | 338,437.03M |
| Diluted EPS | 2.03 | 0.67 | 3.26 | 4.67 | 4.15 |
| Dividends Per Share | 1.10 | 1 | 1.60 | 2 | 2 |
| Total Assets | 2,273.57B | 2,208.55B | 2,269.07B | 2,267.48B | 2,436.49B |
| Total liabilities | 1,218.87B | 1,120.87B | 1,097.48B | 1,018.92B | 1,117.99B |
| Total equity | 683,286.52M | 697,147.03M | 762,947.65M | 818,671.75M | 875,083.82M |
| Operating cash flow | 291,476.53M | 275,534.24M | 248,397.15M | 292,724.19M | 252,826.22M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 80,196.32M | 59,101.10M | 48,719.33M | 58,812.68M | 72,265.81M |
| Gross Profit | 6,779.48M | 6,329.46M | 7,176.99M | 9,054.77M | 9,686.96M |
| Operating income | 3,831.76M | 3,765.03M | 4,906.03M | 5,681.23M | 6,647.04M |
| Income before tax | 3,231.57M | 1,484.48M | 4,284.30M | 6,059.42M | 6,512.82M |
| Net income | 1,788.79M | 581.79M | 2,630.00M | 3,934.65M | 3,667.48M |
| EBITDA | 8,005.05M | 7,947.26M | 8,554.89M | 9,108.20M | 10,469.09M |
| Diluted EPS | 0.06 | 0.01 | 0.09 | 0.13 | 0.12 |
| Dividends Per Share | 0.03 | 0.02 | 0.04 | 0.05 | 0.06 |
| Total Assets | 69,105.50M | 61,374.43M | 63,363.50M | 69,576.05M | 74,830.87M |
| Total liabilities | 37,047.93M | 31,148.30M | 30,646.92M | 31,265.04M | 34,336.57M |
| Total equity | 20,768.58M | 19,373.26M | 21,305.13M | 25,120.33M | 26,876.03M |
| Operating cash flow | 8,973.04M | 8,039.47M | 7,040.62M | 8,626.40M | 7,820.83M |
Valuation Measures
| Dec 2018 | |
| PER | 11.08 |
| ROA | 5.04% |
| ROE | 13.99% |
| Operating margin | 9.19% |
| Profit margin | 5.07% |
Key executives
- President, CEO, Secretary & Director: Chansin Treenuchagron
- COO-Downstream Petroleum Business Group: Auttapol Rerkpiboon
- Chief Financial Officer: Pannalin Mahawongtikul
- Executive Vice President: Somkiat Masunthasuwun
- Vice President: Sasitorn Stithit
Shareholders
- Government of Thailand (51.1%)
- Krung Thai Asset Management Public Co., Ltd. (6.1%)
- MFC Asset Management Public Co., Ltd. (Investment Management) (6.1%)
- Social Security Office of Thailand (1.2%)
- GIC Pte Ltd. (Investment Management) (0.8%)
- Dimensional Fund Advisors LP (0.7%)
- Norges Bank Investment Management (0.5%)
- SEB Investment Management AB (0.1%)
- TMB Asset Management Co., 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
- PTT Public Co., Ltd. /Oil & Retail Bus/
- PTT International Trading Co. Ltd.
- PTTEP Group
- 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
- Chevron Corporation
- Royal Dutch Shell Plc Class B
- Esso Thailand Public Co. Ltd.
- Bangchak Corporation Public Company Ltd
- Phoenix Petroleum Philippines Inc.
- IRPC Public Co., Ltd.
- Pilipinas Shell Petroleum Corp.
- Siamgas & Petrochemicals Public Co. Ltd.
- Sea Oil Public Co. Ltd.
- PTG Energy Public Co. Ltd.
- Loxley Public Co. Ltd.
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Last Updated on 23 May, 2019