PTT Public Co., Ltd.
In the news
- Thai Airways picks former PTT oil chief as acting president Jul 2, 2020
- Cash crunch fears rise in Thai corporate bond market on pandemic Jun 9, 2020
- Coronavirus is crushing Cambodia's dreams of oil wealth Jun 8, 2020
- Thai Airways on financial brink as government debates rescue Apr 23, 2020
- Southeast Asian stocks hammered by oil price fall and coronavirus Mar 9, 2020 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 2020 | THB | USD |
| Revenue | 1,615.66B | 51,626.69M |
| Gross Profit | 169,015.58M | 5,400.69M |
| Operating income | 59,626.48M | 1,905.29M |
| Income before tax | 60,938.53M | 1,947.22M |
| Net income | 37,611.23M | 1,201.82M |
| EBITDA | 199,506.48M | 6,374.99M |
| Diluted EPS | 1.31 | 0.04 |
| Dividends Per Share | 1 | 0.03 |
| Total Assets | 2,544.18B | 84,919.32M |
| Total liabilities | 1,258.33B | 42,000.59M |
| Total equity | 882,040.40M | 29,440.60M |
| Operating cash flow | 199,800.33M | 6,384.38M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 | |
| PER | 32.27 |
| ROA | 1.49% |
| ROE | 4.27% |
| Operating margin | 3.69% |
| Profit margin | 2.32% |
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.
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Last Updated on 9 Apr, 2021
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