Asia300

PTT Public Co., Ltd.

Thailand

  • 1m
  • 3m
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  • 1y
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Dec 12, 2017
Prev close: 428
Dec 12, 2017
Market cap:
Market cap(USD):
1,222.49B
37,505.63M
Shares: 2,856.29M

Currency in THB

Company profile

Market(Ticker): BKK(PTT)
Sector:
Industry:
Energy Minerals
Oil Refining/Marketing
Full time employees: --

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: Upstream Petroleum and Natural Gas; Downstream Petroleum; Coal Business; and Others. The Upstream Petroleum and Natural Gas procures, transmits, and distributes petroleum and natural gas. The Downstream Petroleum segment refines and markets lube oil and petrochemical products. The Coal Business segment explores, produces, and distributes coal. The Other segment pertains to the operations of the group that does not constitute in the business of coal, petroleum, and natural gas. The company was founded on October 1, 2001 and is headquartered in Bangkok, Thailand.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 1,718.84B
Gross profit 253,208.37M
Operating income 173,087.82M
Income before tax 151,152.89M
Net income 92,788.03M
EBITDA 301,821.62M
Diluted EPS 32.68
Dividends per share 16
Total assets 2,269.07B
Total liabilities 1,097.48B
Total equity 762,947.65M
Operating cash flow 248,397.15M

Currency in THB

Revenue 48,719.33M
Gross profit 7,176.99M
Operating income 4,906.03M
Income before tax 4,284.30M
Net income 2,630.00M
EBITDA 8,554.89M
Diluted EPS 0.92
Dividends per share 0.45
Total assets 63,363.50M
Total liabilities 30,646.92M
Total equity 21,305.13M
Operating cash flow 7,040.62M

Currency in USD

Valuation measures

Dec 2016

PER 11.38
ROA 4.14%
ROE 12.70%
Operating margin 10.07%
Profit margin 5.39%

Key executive

  • President, CEO, Secretary & Director: Tevin Vongvanich
  • COO-Infrastructure & Sustainability Management: Chansin Treenuchagron
  • COO-Upstream Petroleum & Gas Business Group: Wirat Uanarumit
  • Chief Financial Officer: Nitima Thepvanangkul
  • Vice President: Sasitorn Stithit

Share holders

  • 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.(1.6%)
  • Social Security Office of Thailand(1.2%)
  • Dimensional Fund Advisors LP(0.9%)
  • GIC Pte Ltd. (Investment Management)(0.9%)
  • Norges Bank Investment Management(0.2%)
  • Causeway Capital Management LLC(0.2%)
  • APG Asset Management NV(0.2%)

Address

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

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