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 2021 | THB | USD |
Revenue | 2,258.81B | 70,552.28M |
Gross Profit | 376,566.97M | 11,761.75M |
Operating income | 248,298.06M | 7,755.37M |
Income before tax | 210,648.06M | 6,579.41M |
Net income | 108,137.90M | 3,377.59M |
EBITDA | 395,088.06M | 12,340.24M |
Diluted EPS | 3.78 | 0.11 |
Dividends Per Share | 2 | 0.06 |
Total Assets | 3,078.01B | 92,142.46M |
Total liabilities | 1,605.07B | 48,049.06M |
Total equity | 1,006.69B | 30,136.09M |
Operating cash flow | 299,874.52M | 9,366.32M |
Currency in THB | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 1,995.72B | 2,336.15B | 2,219.73B | 1,615.66B | 2,258.81B |
Gross Profit | 307,260.61M | 313,116.36M | 252,209.66M | 169,015.58M | 376,566.97M |
Operating income | 192,784.30M | 214,844.06M | 141,751.17M | 59,626.48M | 248,298.06M |
Income before tax | 205,617.52M | 210,505.08M | 149,072.49M | 60,938.53M | 210,648.06M |
Net income | 133,516.58M | 118,523.06M | 91,458.92M | 37,611.23M | 108,137.90M |
EBITDA | 309,073.48M | 338,437.03M | 274,955.17M | 199,506.48M | 395,088.06M |
Diluted EPS | 4.67 | 4.14 | 3.20 | 1.31 | 3.78 |
Dividends Per Share | 2 | 2 | 2 | 1 | 2 |
Total Assets | 2,267.48B | 2,353.68B | 2,486.96B | 2,544.18B | 3,078.01B |
Total liabilities | 1,018.92B | 1,036.11B | 1,185.92B | 1,258.33B | 1,605.07B |
Total equity | 818,671.75M | 874,325.24M | 878,604.10M | 882,040.40M | 1,006.69B |
Operating cash flow | 292,724.19M | 254,430.52M | 250,857.26M | 199,800.33M | 299,874.52M |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 58,812.68M | 72,265.81M | 71,501.16M | 51,626.69M | 70,552.28M |
Gross Profit | 9,054.77M | 9,685.83M | 8,124.05M | 5,400.69M | 11,761.75M |
Operating income | 5,681.23M | 6,645.91M | 4,566.02M | 1,905.29M | 7,755.37M |
Income before tax | 6,059.42M | 6,511.69M | 4,801.85M | 1,947.22M | 6,579.41M |
Net income | 3,934.65M | 3,666.35M | 2,946.03M | 1,201.82M | 3,377.59M |
EBITDA | 9,108.20M | 10,469.09M | 8,856.72M | 6,374.99M | 12,340.24M |
Diluted EPS | 0.13 | 0.12 | 0.10 | 0.04 | 0.11 |
Dividends Per Share | 0.05 | 0.06 | 0.06 | 0.03 | 0.06 |
Total Assets | 69,576.05M | 72,287.53M | 83,026.82M | 84,919.32M | 92,142.46M |
Total liabilities | 31,265.04M | 31,821.76M | 39,591.88M | 42,000.59M | 48,049.06M |
Total equity | 25,120.33M | 26,852.74M | 29,332.02M | 29,440.60M | 30,136.09M |
Operating cash flow | 8,626.40M | 7,870.46M | 8,080.49M | 6,384.38M | 9,366.32M |
Valuation Measures
Dec 2021 | |
PER | 10.03 |
ROA | 3.84% |
ROE | 11.45% |
Operating margin | 10.99% |
Profit margin | 4.78% |
Key executives
- President, CEO, Secretary & Director: Auttapol Rerkpiboon
- Chief Financial Officer: Pannalin Mahawongtikul
- Chief Technology & Engineering Officer: Wittawat Svasti-Xuto
- Senior Executive Vice President: Worawat Pitayasiri
- 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 (2.1%)
- EGAT Saving & Credit Cooperative Ltd. (0.8%)
- Krungsri Asset Management Co., Ltd. (0.5%)
- Norges Bank Investment Management (0.3%)
- TMB Asset Management Co., Ltd. (0.2%)
- The Caisse de depot et placement du Quebec (0.0%)
- APG Asset Management NV (0.0%)
Contact Details
- Website:http://www.pttplc.com
- Address: 555 Vibhavadi Rangsit Road, Chatuchak, Bangkok, 10900, Thailand
- Phone: +66.2.537.2000
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Competitors
- IRPC Public Co., Ltd.
- 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.
- SUSCO Public Co. Ltd.
- Seven Utilities and Power Public Company Limited
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