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Energy Minerals

PTT Public Co., Ltd.

  • 50.50 THB
  • 0.00
  • 0.00%
  • Thailand
    Aug 16, 2018
  • Ticker
    BKK(PTT)
  • Prev. close
    50.50
  • Market cap (THB)
    1,442.43B
  • Market cap (USD)
    43,329.28M
  • Shares
    28,562.99M

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 October 1, 2001 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue1,995.72B58,812.68M
Gross Profit307,260.61M9,054.77M
Operating income192,784.30M5,681.23M
Income before tax205,617.52M6,059.42M
Net income133,516.58M3,934.65M
EBITDA309,073.48M9,108.20M
Diluted EPS4.670.13
Dividends Per Share20.05
Total Assets2,267.48B69,576.05M
Total liabilities1,018.92B31,265.04M
Total equity818,671.75M25,120.33M
Operating cash flow292,724.19M8,626.40M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,842.40B 2,605.06B 2,025.55B 1,718.84B 1,995.72B
Gross Profit 218,874.95M 220,221.98M 216,927.57M 253,208.37M 307,260.61M
Operating income 141,634.01M 124,469.32M 129,037.73M 173,087.82M 192,784.30M
Income before tax 134,857.59M 104,973.09M 50,877.20M 151,152.89M 205,617.52M
Net income 92,900.92M 58,106.39M 19,939.67M 92,788.03M 133,516.58M
EBITDA 217,877.90M 260,032.61M 272,373.84M 301,821.62M 309,073.48M
Diluted EPS 3.25 2.03 0.67 3.26 4.67
Dividends Per Share 1.30 1.10 1 1.60 2
Total Assets 1,805.03B 2,273.57B 2,208.55B 2,269.07B 2,267.48B
Total liabilities 982,196.71M 1,218.87B 1,120.87B 1,097.48B 1,018.92B
Total equity 682,310.87M 683,286.52M 697,147.03M 762,947.65M 818,671.75M
Operating cash flow 163,906.09M 291,476.53M 275,534.24M 248,397.15M 292,724.19M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 92,498.48M 80,196.32M 59,101.10M 48,719.33M 58,812.68M
Gross Profit 7,122.69M 6,779.48M 6,329.46M 7,176.99M 9,054.77M
Operating income 4,609.09M 3,831.76M 3,765.03M 4,906.03M 5,681.23M
Income before tax 4,388.57M 3,231.57M 1,484.48M 4,284.30M 6,059.42M
Net income 3,023.20M 1,788.79M 581.79M 2,630.00M 3,934.65M
EBITDA 7,090.24M 8,005.05M 7,947.26M 8,554.89M 9,108.20M
Diluted EPS 0.10 0.06 0.01 0.09 0.13
Dividends Per Share 0.04 0.03 0.02 0.04 0.05
Total Assets 54,931.19M 69,105.50M 61,374.43M 63,363.50M 69,576.05M
Total liabilities 29,890.34M 37,047.93M 31,148.30M 30,646.92M 31,265.04M
Total equity 20,764.17M 20,768.58M 19,373.26M 21,305.13M 25,120.33M
Operating cash flow 5,333.87M 8,973.04M 8,039.47M 7,040.62M 8,626.40M

Valuation Measures

Dec 2017
PER9.41
ROA5.88%
ROE16.88%
Operating margin9.65%
Profit margin6.69%

Key executives

  • President, Chief Executive Officer & Secretary: Tevin Vongvanich
  • COO-Downstream Petroleum Business Group: Auttapol Rerkpiboon
  • Chief Financial Officer & Executive Vice President: Nitima Thepvanangkul
  • Chief Technology & Engineering Officer: Chansin Treenuchagron
  • Executive Vice President: Somkiat Masunthasuwun

Shareholders

  • Government of Thailand (51.1%)
  • Krung Thai Asset Management Public Co., Ltd. (6.5%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (6.5%)
  • The Vanguard Group, Inc. (1.3%)
  • Social Security Office of Thailand (1.2%)
  • GIC Pte Ltd. (Investment Management) (0.9%)
  • Dimensional Fund Advisors LP (0.9%)
  • APG Asset Management NV (0.4%)
  • Norges Bank Investment Management (0.4%)
  • Investec Asset Management Ltd. (0.2%)

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.
  • Loxley Public Co. Ltd.
  • Pilipinas Shell Petroleum Corp.
  • Siamgas & Petrochemicals Public Co. Ltd.
  • PTG Energy Public Co. Ltd.
  • Vanoil Energy Ltd.
  • Sea Oil Public Co. Ltd.
Last Updated on 16 Aug, 2018

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