Company Summary
GULF GULF ENERGY DEVELOPMENT PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 11 Jun 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
34.50 39.05 / 27.50 63.97 5.76 11,733.15 404,793.67 579,014.12 4,064.85 35.34
News
Date/Time Subject
02 Jun 2021 08:57   Independent Financial Advisor's opinion on Asset Acquisition Transaction on the Investment in INTUCH and the Tender Offer for All Securities of ADVANC (Part 2/2)
02 Jun 2021 08:57   Independent Financial Advisor's opinion on Asset Acquisition Transaction on the Investment in INTUCH and the Tender Offer for All Securities of ADVANC (Part 1/2)
01 Jun 2021 22:23   Publication of the invitation to the Extraordinary General Meeting of Shareholders No.1/2021 through the Company website and channels for shareholders to submit queries in advance
28 May 2021 19:50   Notification of additional information regarding the investment in all ordinary shares in Intouch Holdings Public Company Limited (INTUCH) and the tender offer for all securities of Advanced Info Service Public Company Limited (ADVANC)
18 May 2021 12:44   Notification of Board's resolutions regarding the tender offer for the entire securities of INTUCH and ADVANC, and the scheduling of EGM of Shareholders (change of the meeting time and add venue of the meeting)
more

Company Profile
Address 87 M Thai Tower 11th floor All Seasons Place, Wireless Road, Lumpini, Pathumwan Bangkok 10330
Telephone 0-2080-4499
Fax 0-2080-4455
URL www.gulf.co.th
  Annual Report 2020
Establish Date 08/2011 Listed Date 06/12/2017
IPO Price (Baht) 45.00 @Par5.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
  • THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 5.00 : New 1.00 @ 16/04/2020

    Business
    Holding company that invests in a portfolio of conventional and renewable power generation and distribution businesses, as well as natural gas supply and distribution, infrastructure development projects, and other related businesses.

    Free Float 08 Mar 2021 06 Mar 2020
    % /Shareholders
    26.23% 48,132 26.71% 13,631
    Foreign Shareholders 37.27% (As of 11/06/2021) Foreign Limit 49.00%
    NVDR Shareholders  2.94% (As of 11/06/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - -0.92 -1.53
    20 Days 1.47 -1.69 -2.10
    60 Days 2.99 0.39 -0.88
    120 Days -4.17 -8.55 -13.18
    YTD 0.73 -6.40 -10.79
    P/E (X) 63.97 19.96 31.19
    P/BV (X) 5.76 1.64 1.79
    Turnover Ratio (%) 0.09 1.30 1.85

    Top 10 Major Shareholders(@14 May 2021) Share %
    1. นาย สารัชถ์ รัตนาวะดี 4,171,077,797 35.55
    2. UBS AG SINGAPORE BRANCH 1,473,809,119 12.56
    3. GULF CAPITAL HOLDINGS LIMITED 1,160,431,363 9.89
    4. GULF INVESTMENT AND TRADING PTE. LTD. 877,250,502 7.48
    5. บริษัท กัลฟ์ โฮลดิ้ง (ประเทศไทย) จำกัด 551,729,877 4.70
    6. BANK OF SINGAPORE LIMITED-THB SEG AC 364,710,545 3.11
    7. บริษัท Thai NVDR Company Limited 329,932,699 2.81
    8. บริษัท SINO-THAI ENGINEERING & CONSTRUCTION PUBLIC COMPANY LIMITED 220,000,000 1.88
    9. BANGKOK BANK PUBLIC COMPANY LIMITED 148,539,022 1.27
    10. ASIAN DEVELOPMENT BANK-SNA CUSTODY 144,000,000 1.23

    Management Position
    1. Mr. VISET CHOOPIBAN CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. SARATH RATANAVADI CHIEF EXECUTIVE OFFICER / VICE CHAIRMAN
    3. Mrs. PORNTIPA CHINVETKITVANIT PRESIDENT / DIRECTOR
    4. Mr. BOONCHAI THIRATI DIRECTOR
    5. Miss YUPAPIN WANGVIWAT DIRECTOR
    6. Mrs. CHOTIKUL SOOKPIROMKASEM DIRECTOR
    7. Mr. KASEM SNIDVONGS NA AYUDHYA INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    8. Mr. SANTI BOONPRAKUB INDEPENDENT DIRECTOR
    9. Mrs. RAWEPORN KUHIRUN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. SOMMAI PHASEE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    11 Jun 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 11,733.15  11,733.15  2,133.30 
    Market Cap (MB.) 404,793.67  401,860.39  354,127.80 
    Price (B./share) 34.50  34.25  32.82 
    BVPS (B./Share) 5.99  4.98  17.71 
    P/BV (X) 5.76  6.88  9.37 
    P/E (X) 63.97  120.22  78.09 
    Turnover Ratio (%) 21.74  84.55  97.56 
    Value Trade/Day (MB.) 836.00  1,568.21  1,103.96 
    Beta 1.03  1.08  1.44 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 0.73  4.34  103.68 
    Dividend Yield (%) 1.10  0.69  0.72 
    Payout Ratio 0.70  0.83  0.56 
    Dividend Policy No less than 30% of the Company?s separate net profit, after deducting tax, legal reserve and other obligations under financing agreements (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2020 - 31 Dec 2020 0.38 Baht 28 Apr 2021 Cash
    01 Jan 2019 - 31 Dec 2019 1.30 Baht 28 Apr 2020 Cash
    01 Jan 2018 - 31 Dec 2018 1.20 Baht 21 May 2019 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MR. WAIYAWAT KORSAMARNCHAIYAKIJ/KPMG PHOOMCHAI AUDIT LIMITED
    MR. NATTHAPHONG TANTICHATTANON/KPMG PHOOMCHAI AUDIT LIMITED
    MS. SOPHIT PROMPOL/KPMG PHOOMCHAI AUDIT LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Cash And Cash Equivalents 11,920.06 14,036.93 15,902.24 14,389.80 16,698.46
    A/R Net 5,838.07 5,736.60 6,336.88 5,205.16 3,516.09
    Inventories 717.51 190.46 331.02 156.88 49.69
    Current Assets 27,924.19 23,565.18 30,354.37 22,416.88 25,865.55
    PP&E Net 120,088.28 84,659.53 129,718.34 80,960.73 67,664.24
    Non-Current Assets 228,521.96 118,263.28 215,226.14 111,860.67 97,803.10
    Total Assets 256,446.16 141,828.46 245,580.51 134,277.54 123,668.66
    OD 15,500.00 1,058.20 11,500.00 68.00 880.00
    A/P Net 3,720.57 6,316.61 9,550.16 5,096.76 7,184.28
    Current portion of LT 9,227.68 2,775.16 6,786.72 2,821.24 8,444.28
    Current Liabilities 31,657.32 11,765.15 29,642.63 9,808.95 18,408.29
    Non-Current Liabilities 144,837.40 98,511.34 143,858.06 75,428.65 60,472.12
    Total Liabilities 176,494.72 110,276.48 173,500.69 85,237.60 78,880.41
    Authorized Capital 11,733.15 10,666.50 11,733.15 10,666.50 10,666.50
    Paid-Up Capital 11,733.15 10,666.50 11,733.15 10,666.50 10,666.50
    Premium (Discount) on Share Capital 51,822.14 20,889.30 51,822.14 20,889.30 20,889.30
    Retained Earnings (Deficit) 9,592.48 6,013.68 7,967.85 6,488.09 4,172.72
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -2,842.12 -12,409.30 -7,496.00 383.22 808.43
     - Surplus (Deficits) 1,173.51 1,173.51 1,173.51 1,173.51 808.43
    Shareholders' Equity 70,305.65 25,160.18 64,027.15 38,427.11 36,536.94
    Minority Interest 9,645.78 6,391.79 8,052.67 10,612.84 8,251.30
    more
    Statement of Comprehensive Income (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Revenue From Operations 9,035.15 7,868.50 32,827.13 30,039.67 17,181.12
    Other Income 1.21 6.69 19.86 14.27 9.43
    Total Revenues 9,730.96 7,905.93 33,370.44 30,343.36 17,479.01
    Costs 6,028.67 5,961.81 23,702.24 22,791.05 12,680.75
    Selling And Administrative Expenses 483.65 394.11 2,079.91 1,713.10 1,489.59
    Total Cost And Expenses 6,512.33 6,355.93 25,782.15 24,504.15 14,170.35
    EBITDA 4,064.85 1,029.49 13,347.99 12,482.05 7,450.54
    Depre. & Amor. 1,200.88 722.17 3,431.38 2,433.92 1,391.66
    EBIT 2,863.97 307.32 9,916.60 10,048.13 6,058.89
    Net Profit : Owners Of The Parent 1,632.16 -413.25 4,282.11 4,886.56 3,028.13
    EPS (B.) 0.14 -0.04 0.39 2.29 1.42
    more
    Statement of Cash Flow (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Operating Cash Flow 4,566.79 1,716.64 10,578.78 8,048.44 2,401.68
    Investing Cash Flow -18,176.35 -6,575.37 -70,410.16 -12,572.65 -16,143.82
    Financing Cash Flow 9,620.93 4,497.18 63,100.59 2,220.54 10,218.25
    Net Cash Flow -3,988.63 -361.56 3,269.20 -2,303.67 -3,523.89
    more
    Annualized: ROE, ROA
    Ratios 3M/2021  3M/2020  2020  2019 
    Current Ratio (X) 0.88 2.00 1.02 2.29
    ROE (%) 13.26 10.12 8.36 13.04
    ROA (%) 6.26 5.80 5.22 7.79
    D/E (X) 2.21 3.50 2.41 1.74
    Total Asset Turnover (X) 0.18 0.23 0.18 0.24
    Gross Profit Margin (%) 33.28 24.23 27.80 24.13
    EBIT Margin (%) 29.43 3.89 29.72 33.11
    Net Profit Margin (%) 18.40 -6.36 18.41 23.62

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    18 Sep 2020 XR 1,066,649,998 11,733,149,998 1.00

    Growth Rate (%) 3M/2021  3M/2020  2020  2019 
    Sales Growth 14.83 20.06 9.28 74.84
    COGs Growth 1.12 19.46 4.00 79.73
    Total Revenue Growth 23.08 19.77 9.98 73.60
    Total Expense Growth 2.46 18.65 5.22 72.93
    Net Profit Growth N/A N/A -12.37 61.37

    Annualized
    Cash Cycle 3M/2021  3M/2020  2020  2019 
    A/R Turnover (Times) 5.87 6.15 5.69 6.89
    Avg. Collection Period (Days) 62.14 59.39 64.17 52.98
    Inventory Turnover (Times) 52.36 174.30 97.16 220.66
    Avg. Inventory Period (Days) 6.97 2.09 3.76 1.65
    A/P Turnover (Times) 4.74 3.82 3.24 3.71
    Avg. Payment Period (Days) 77.07 95.60 112.78 98.34
    Cash Cycle (Days) -7.95 -34.12 -44.85 -43.70


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    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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