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Energy Minerals

PTT Public Co., Ltd.

  • 42.50 THB
  • 0.00
  • 0.00%
  • Thailand
    Aug 23, 2019
  • Ticker
    BKK(PTT)
  • Prev. close
    42.50
  • Market cap (THB)
    1,213.93B
  • Market cap (USD)
    39,522.30M
  • Shares
    28,563M

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 2018 THBUSD
Revenue2,336.15B72,265.81M
Gross Profit313,153.06M9,686.96M
Operating income214,880.76M6,647.04M
Income before tax210,541.78M6,512.82M
Net income118,559.75M3,667.48M
EBITDA338,437.03M10,469.09M
Diluted EPS4.150.12
Dividends Per Share20.06
Total Assets2,436.49B74,830.87M
Total liabilities1,117.99B34,336.57M
Total equity875,083.82M26,876.03M
Operating cash flow252,826.22M7,820.83M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 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 2014Dec 2015Dec 2016Dec 2017Dec 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
PER11.08
ROA5.04%
ROE13.99%
Operating margin9.19%
Profit margin5.07%

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%)
  • TMB Asset Management Co., Ltd. (0.2%)
  • The Caisse de depot et placement du Quebec (0.1%)
  • Acadian Asset Management LLC (0.0%)

Contact Details

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

Related Companies

  • PTT Treasury Center Co. Ltd.
  • PTT Public Co., Ltd. /Oil & Retail Bus/
  • 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

  • Chevron Corporation
  • Royal Dutch Shell Plc Class B
  • Esso Thailand Public Co. Ltd.
  • Bangchak Corporation Public Company Ltd
  • RPCG Public Co., Ltd.
  • IRPC Public Co., Ltd.
  • Formosa Chemicals & Fibre Corporation
  • Pilipinas Shell Petroleum Corp.
  • Siamgas & Petrochemicals Public Co. Ltd.
  • Sea Oil Public Co. Ltd.
  • PTG Energy Public Co. Ltd.
  • Loxley Public Co. Ltd.
  • Star Petroleum Refining Public Co. Ltd.
Last Updated on 23 Aug, 2019

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