Company Summary
TOP THAI OIL PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 27 Oct 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
56.25 66.00 / 32.75 8.53 0.99 20,400.28 114,751.57 293,782.45 11,813.77 10.42
News
Date/Time Subject
29 Sep 2021 17:16   Appointment of Board of Director
27 Sep 2021 08:05   Invitation to propose agenda and to nominate candidates for directorship for the 2022 Annual General Meeting of Shareholders
23 Sep 2021 07:18   Resignation of Director
17 Sep 2021 22:32   Notification of the completeness of liquidation of a subsidiary (Revised)
17 Sep 2021 19:05   Notification of the completeness of liquidation of a subsidiary
more

Company Profile
Address 555/1 Energy Complex Building A, 11th Floor, Vibhavadi Rangsit Road, Chatuchak Bangkok 10900
Telephone 0-2797-2999, 0-2299-0000
Fax 0-2797-2970
URL www.thaioilgroup.com
  Annual Report 2020
Establish Date 1961 Listed Date 26/10/2004
IPO Price (Baht) 32.00 @Par10.00 Baht
IPO Financial Advisory
  • FINANSA SECURITIES LIMITED
  • KIATNAKIN PHATRA SECURITIES PUBLIC COMPANY LIMITED
  • SCB SECURITIES COMPANY LIMITED
  • Par 10.00 Baht
    Last Par Change N/A

    Business
    Thaioil is Thailand?s largest refinery and supplier of petroleum products. Founded in 1961, we operate one of the most efficient refineries in Asia Pacific with the current capacity of 275,000 barrels per day. Thaioil operates under the Operational Excellence principle, operating as an integrated group of businesses in oil refinery, petrochemicals and lube base oil with supporting businesses, e.g. power generation, solvents, logistics and renewable energy generation, LAB: an intermediate in the production of surfactants, marine and pipeline transportation and storage services of crude, petroleum and petrochemical products, business in the area of International Head Quarter and Trasury Center etc.. Thaioil leads the Thai refinery industry through a well-planned and integrated production process, yielding optimum efficiency. Our products quality are high, rated in the top quartile of refineries in Asia Pacific at lower production costs, giving Thaioil a recognized competitive advantage.

    Free Float 01 Mar 2021 12 May 2020
    % /Shareholders
    51.96% 35,869 51.96% 39,972
    Foreign Shareholders 14.34% (As of 27/10/2021) Foreign Limit 40.00%
    NVDR Shareholders  8.91% (As of 27/10/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.32 -0.56 -1.15
    20 Days 7.14 6.86 6.64
    60 Days 21.62 12.15 14.90
    120 Days 2.27 -2.57 -2.02
    YTD 8.17 1.51 -3.67
    P/E (X) 8.53 17.03 20.85
    P/BV (X) 0.99 1.62 1.75
    Turnover Ratio (%) 0.63 0.52 1.39

    Top 10 Major Shareholders(@10 Sep 2021) Share %
    1. บริษัท PTT PUBLIC COMPANY LIMITED 918,565,183 45.03
    2. บริษัท Thai NVDR Company Limited 165,548,280 8.12
    3. บริษัท สยาม แมนเนจเม้นท์ โฮลดิ้ง จำกัด 61,200,000 3.00
    4. GIC PRIVATE LIMITED 59,903,003 2.94
    5. สำนักงานประกันสังคม 51,731,100 2.54
    6. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 46,357,234 2.27
    7. STATE STREET EUROPE LIMITED 38,146,284 1.87
    8. THE BANK OF NEW YORK MELLON 28,790,726 1.41
    9. MISS VARUNYA CHATPHIRIYAPHAN 15,500,000 0.76
    10. N.C.B.TRUST LIMITED-POLUNIN DEVELOPING COUNTRIES FUND, LLC 9,941,226 0.49

    Management Position
    1. Mr. SUPOT TEACHAVORASINSKUN CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR
    2. Mr. WIRAT UANARUMIT CHIEF EXECUTIVE OFFICER AND PRESIDENT / DIRECTOR
    3. Miss PHANNALIN MAHAWONGTIKUL DIRECTOR
    4. Mr. PRASERT SINSUKPRASERT DIRECTOR
    5. Mr. BURANIN RATTANASOMBAT DIRECTOR
    6. Mr. TERDKIAT PROMMOOL DIRECTOR
    7. Mr. SOMPOP PATTANARIYANKOOL DIRECTOR
    8. Mr. SUCHAT RAMARCH DIRECTOR
    9. POL. GEN. AEK ANGSANANONT INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    10. Mr. PAILIN CHUCHOTTAWORN INDEPENDENT DIRECTOR
    11. AM SUTTIPONG INSEEYONG INDEPENDENT DIRECTOR
    12. Mr. PRAPHAISITH TANKEYURA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. GEN. KUKIAT SRINAKA INDEPENDENT DIRECTOR
    14. Mr. PASU DECHARIN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    15. Mr. PLAKORN WANGLEE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    27 Oct 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 2,040.03  2,040.03  2,040.03 
    Market Cap (MB.) 114,751.57  106,081.45  142,291.94 
    Price (B./share) 56.25  52.00  69.75 
    BVPS (B./Share) 56.76  52.84  58.08 
    P/BV (X) 0.99  0.98  1.20 
    P/E (X) 8.53  N/A  N/A 
    Turnover Ratio (%) 129.34  217.16  139.04 
    Value Trade/Day (MB.) 726.73  792.32  792.17 
    Beta 1.44  1.61  1.65 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 8.17  -25.45  5.28 
    Dividend Yield (%) 1.24  2.88  3.80 
    Payout Ratio 0.20  N/A  N/A 
    Dividend Policy Not less than 25% of its consolidated net profit after deduction of all specified reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 0.60 Baht 23 Sep 2021 Cash
    - 0.70 Baht 26 Apr 2021 Cash
    - 0.50 Baht 21 Apr 2020 Cash
    - 1.00 Baht 27 Sep 2019 Cash
    - 1.15 Baht 26 Apr 2019 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MR. BOONRUENG LERDWISESWIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PONGTHAVEE RATANAKOSES/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Mr. KAN TANTHAWIRAT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 25,488.71 37,364.32 53,570.83 75,179.72 34,041.47
    A/R Net 21,760.92 17,906.40 14,712.11 24,357.30 27,129.59
    Inventories 37,797.91 15,601.56 22,461.14 30,292.42 28,738.50
    Current Assets 104,850.38 115,089.57 114,229.16 134,676.29 164,743.46
    PP&E Net 164,910.57 140,088.01 159,954.23 106,559.16 79,929.02
    Non-Current Assets 215,465.96 183,080.77 191,958.50 148,768.24 103,869.49
    Total Assets 320,316.34 298,170.35 306,187.66 283,444.53 268,612.95
    OD 1,530.90 2,454.08 713.47 1,576.14 -
    A/P Net 28,469.91 10,968.84 13,755.42 32,330.18 25,716.07
    Current portion of LT 4,095.50 4,040.70 7,951.82 1,335.89 4,548.63
    Current Liabilities 38,703.26 23,473.20 28,620.22 38,666.70 38,020.05
    Non-Current Liabilities 163,049.38 163,865.48 157,449.01 120,854.32 104,120.52
    Total Liabilities 201,752.64 187,338.68 186,069.23 159,521.02 142,140.57
    Authorized Capital 20,400.28 20,400.28 20,400.28 20,400.28 20,400.28
    Paid-Up Capital 20,400.28 20,400.28 20,400.28 20,400.28 20,400.28
    Premium (Discount) on Share Capital 2,456.26 2,456.26 2,456.26 2,456.26 2,456.26
    Retained Earnings (Deficit) 100,085.07 88,019.18 95,929.85 100,281.12 98,684.78
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -7,144.86 -3,919.24 -2,557.42 -3,164.92 170.70
     - Surplus (Deficits) -7,350.93 -3,361.23 -2,869.78 -3,325.07 303.60
    Shareholders' Equity 115,796.75 106,956.47 116,228.96 119,972.74 121,712.02
    Minority Interest 2,766.96 3,875.20 3,889.47 3,950.77 4,760.36
    more
    Statement of Comprehensive Income (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 155,093.86 126,023.27 247,913.17 364,326.71 389,343.53
    Other Income 146.90 3,043.88 417.53 397.10 1,718.92
    Total Revenues 155,454.91 129,081.57 249,027.83 366,055.04 391,219.82
    Costs 142,159.03 140,847.01 255,300.04 355,756.27 373,127.97
    Selling And Administrative Expenses 1,215.98 1,176.13 2,406.23 2,517.53 2,781.72
    Total Cost And Expenses 143,387.89 142,075.42 257,768.05 358,325.04 375,909.69
    EBITDA 11,813.77 -7,767.10 8,603.78 18,147.85 23,572.96
    Depre. & Amor. 3,634.03 4,237.69 7,554.00 7,084.55 7,263.78
    EBIT 8,179.74 -12,004.79 1,049.77 11,063.30 16,309.18
    Net Profit : Owners Of The Parent 5,482.68 -11,274.13 -3,301.41 6,276.68 10,149.04
    EPS (B.) 2.69 -5.53 -1.62 3.08 4.97
    more
    Statement of Cash Flow (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow 1,059.35 -899.14 2,434.75 13,087.20 18,313.05
    Investing Cash Flow -11,744.94 -66,440.26 -47,490.25 23,343.42 -25,846.28
    Financing Cash Flow -17,889.92 26,893.80 20,575.47 8,129.24 25,565.58
    Net Cash Flow -28,575.51 -40,445.59 -24,480.03 44,559.87 18,032.35
    more
    Annualized: ROE, ROA
    Ratios 6M/2021  6M/2020  2020  2019 
    Current Ratio (X) 2.71 4.90 3.99 3.48
    ROE (%) 12.08 -8.74 -2.80 5.19
    ROA (%) 6.87 -3.44 0.36 4.01
    D/E (X) 1.70 1.69 1.55 1.29
    Total Asset Turnover (X) 0.89 1.12 0.84 1.33
    Gross Profit Margin (%) 8.34 -11.76 -2.98 2.35
    EBIT Margin (%) 5.26 -9.30 0.42 3.02
    Net Profit Margin (%) 3.64 -8.58 -1.16 1.78

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 6M/2021  6M/2020  2020  2019 
    Sales Growth 23.07 -31.36 -31.95 -6.43
    COGs Growth 0.93 -20.77 -28.24 -4.66
    Total Revenue Growth 20.43 -30.55 -31.97 -6.43
    Total Expense Growth 0.92 -20.68 -28.06 -4.68
    Net Profit Growth N/A N/A N/A -38.15

    Annualized
    Cash Cycle 6M/2021  6M/2020  2020  2019 
    A/R Turnover (Times) 14.49 15.98 12.69 14.15
    Avg. Collection Period (Days) 25.19 22.84 28.76 25.79
    Inventory Turnover (Times) 9.61 13.78 9.68 12.05
    Avg. Inventory Period (Days) 37.98 26.48 37.71 30.28
    A/P Turnover (Times) 15.60 19.17 11.08 12.26
    Avg. Payment Period (Days) 23.40 19.04 32.94 29.78
    Cash Cycle (Days) 39.77 30.28 33.53 26.30


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
    more

    Only Preferred Share and Warrants
    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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