Company Summary
TOP THAI OIL PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETHD / SETTHSI
CG Report:   
 
  Data as of 22 Apr 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
73.00 96.25 / 62.75 14.67 1.22 20,400.28 148,922.03 261,781.49 23,572.96 11.11
News
Date/Time Subject
10 Apr 2019 17:18   Resolutions of the 2019 Annual General Meeting of Shareholders
06 Mar 2019 17:38   The Opinion of the Independent Financial Advisor Regarding the Connected Transaction of Disposal of Assets to Transfer Ownership in the Energy Recovery Unit which is a part of the Clean Fuel Project
06 Mar 2019 17:21   Disclosure of Invitation Notice to the 2019 Annual General Meeting of Shareholders (AGM)
20 Feb 2019 19:05   Management Discussion and Analysis Yearly Ending 31 Dec 2018
15 Feb 2019 19:03   Resolutions of the BOD' Meeting regarding Dividend payment proposal for the year 2018 and the determination of the date and agendas of 2019 AGM
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 2018
Establish Date 1961 Listed Date 26/10/2004
IPO Price (Baht) 32.00 @Par10.00 Baht
IPO Financial Advisory
  • FINANSA SECURITIES LIMITED
  • 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 02 Mar 2018 02 Mar 2017
    % /Shareholders
    44.64% 22,233 50.19% 24,465
    Foreign Shareholders 17.91% (As of 22/04/2019) Foreign Limit 40.00%
    NVDR Shareholders  11.49% (As of 22/04/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 1.39 -0.33 0.52
    20 Days 1.39 -1.57 -0.26
    60 Days - -3.67 -4.29
    120 Days -9.60 -10.38 -10.40
    YTD 10.19 -0.73 2.97
    P/E (X) 14.67 14.64 17.50
    P/BV (X) 1.22 1.72 1.86
    Turnover Ratio (%) 0.67 0.35 0.66

    Top 10 Major Shareholders(@01 Mar 2019) Share %
    1. บริษัท ปตท. จำกัด (มหาชน) 979,765,183 48.03
    2. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 267,705,669 13.12
    3. STATE STREET EUROPE LIMITED 70,959,650 3.48
    4. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 59,187,140 2.90
    5. สำนักงานประกันสังคม 33,528,000 1.64
    6. THE BANK OF NEW YORK (NOMINEES) LIMITED 25,802,342 1.26
    7. BNY MELLON NOMINEES LIMITED 17,369,297 0.85
    8. SOUTH EAST ASIA UK (TYPE A) NOMINEES LIMITED 16,265,688 0.80
    9. GIC PRIVATE LIMITED 13,279,700 0.65
    10. EAST FOURTEEN LIMITED-DFA EMERG MARKET CORE EQ PORT 11,163,700 0.55

    Management Position
    1. Mr. THOSAPORN SIRISUMPHAND CHAIRMAN OF THE BOARD
    2. Mr. ATIKOM TERBSIRI CHIEF EXECUTIVE OFFICER AND PRESIDENT / DIRECTOR
    3. Mr. AUTTAPOL RERKPIBOON DIRECTOR
    4. Mr. YONGYUT JANTARAROTAI DIRECTOR
    5. Miss PHANNALIN MAHAWONGTIKUL DIRECTOR
    6. Miss DUANGPORN THIENGWATANATHAM DIRECTOR
    7. Mr. PRAPHON WONGTHARUA DIRECTOR
    8. Mr. PREECHA POCATANAWAT DIRECTOR
    9. Miss CHULARAT SUTEETHORN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    10. Mr. CHEN NAMCHAISIRI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. PASU DECHARIN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. AM SUTTIPONG INSEEYONG INDEPENDENT DIRECTOR
    13. POL. GEN. AEK ANGSANANONT INDEPENDENT DIRECTOR
    14. Mr. KANIT SI INDEPENDENT DIRECTOR
    15. GEN. KUKIAT SRINAKA INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    22 Apr 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 2,040.03  2,040.03  2,040.03 
    Market Cap (MB.) 148,922.03  135,151.85  211,142.88 
    Price (B./share) 73.00  66.25  103.50 
    BVPS (B./Share) 59.66  62.04  56.67 
    P/BV (X) 1.22  1.07  1.83 
    P/E (X) 14.67  6.17  8.90 
    Turnover Ratio (%) 46.88  88.42  70.92 
    Value Trade/Day (MB.) 909.23  628.60  511.45 
    Beta 1.56  1.43  1.31 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 10.19  -35.99  43.25 
    Dividend Yield (%) 3.63  7.92  4.35 
    Payout Ratio 0.53  0.49  0.39 
    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
    - 1.15 Baht 26 Apr 2019 Cash
    - 1.50 Baht 28 Sep 2018 Cash
    - 3.75 Baht 27 Apr 2018 Cash
    - 1.50 Baht 22 Sep 2017 Cash
    - 3.00 Baht 28 Apr 2017 Cash
    - 1.50 Baht 23 Sep 2016 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MS. AMORNRAT PEARMPOONVATANASUK/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. BOONRUENG LERDWISESWIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PONGTHAVEE RATANAKOSES/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 34,041.47 15,623.43 31,120.76 35,764.44
    A/R Net 24,359.02 22,327.84 19,535.64 14,176.60
    Inventories 28,738.50 32,840.90 33,188.88 18,882.71
    Current Assets 164,743.46 126,211.39 115,730.64 90,489.68
    PP&E Net 79,929.02 78,612.41 82,311.54 83,258.13
    Total Assets 268,612.95 228,108.29 217,731.21 192,165.69
    OD - 968.80 - -
    A/P Net 21,844.26 18,963.17 19,887.40 12,052.88
    Current portion of LT 4,548.63 1,592.44 7,137.82 1,373.80
    Current Liabilities 38,020.05 33,348.04 34,145.83 18,192.15
    Non-Current Liabilities 104,120.52 67,612.00 71,988.08 76,964.80
    Total Liabilities 142,140.57 100,960.05 106,133.91 95,156.95
    Authorized Capital 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
    Premium (Discount) on Share Capital 2,456.26 2,456.26 2,456.26 2,456.26
    Other Surplus (Deficit) 303.60 266.08 330.84 330.84
    Retained Earnings (Deficit) 98,684.78 99,259.99 83,906.46 69,415.71
    Treasury Stock - - - -
    Shareholders' Equity 121,712.02 122,223.48 106,856.58 92,371.45
    Minority Interest 4,760.36 4,924.77 4,740.73 4,637.29
    more
    Statement of Comprehensive Income (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 389,343.53 337,387.69 274,738.95 293,569.48
    Other Income 2,502.98 4,529.51 1,812.26 3,035.36
    Total Revenues 393,039.39 343,113.87 277,480.88 297,317.03
    COGs 373,127.97 305,385.58 247,261.17 273,819.45
    SG&A 2,781.72 3,330.52 2,633.35 3,207.13
    Total Expenses 376,730.22 308,980.05 250,137.77 279,780.18
    EBITDA 23,572.96 41,775.78 35,104.90 24,302.45
    Depre. & Amor. 7,263.78 7,641.96 7,761.79 6,765.60
    EBIT 16,309.18 34,133.82 27,343.11 17,536.85
    Net Profit 10,149.04 24,856.20 21,221.91 12,181.37
    EPS (B.) 4.97 12.18 10.40 5.97
    more
    Statement of Cash Flow (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 18,313.05 34,417.18 23,181.63 31,708.48
    Investing Cash Flow -25,846.28 -30,092.38 -18,351.79 2,529.59
    Financing Cash Flow 25,565.58 -19,226.04 -9,397.30 -14,739.92
    Net Cash Flow 18,032.35 -14,901.24 -4,567.46 19,498.14
    more
    Annualized: ROE, ROA
    Ratios 2018  2017  2016 
    Current Ratio (X) 4.33 3.78 3.39
    ROE (%) 8.32 21.70 21.30
    ROA (%) 6.57 15.31 13.34
    D/E (X) 1.17 0.83 0.99
    Total Asset Turnover (X) 1.58 1.54 1.35
    Gross Profit Margin (%) 4.16 9.49 10.00
    EBIT Margin (%) 4.15 9.95 9.85
    Net Profit Margin (%) 2.58 7.24 7.65

    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 (%) 2018  2017  2016 
    Sales Growth 15.40 22.80 -6.41
    COGs Growth 22.18 23.51 -9.70
    Total Revenue Growth 14.55 23.65 -6.67
    Total Expense Growth 21.93 23.52 -10.59
    Net Profit Growth -59.17 17.13 74.22

    Annualized
    Cash Cycle 2018  2017  2016 
    A/R Turnover (Times) 16.68 16.12 16.30
    Avg. Collection Period (Days) 21.88 22.64 22.39
    Inventory Turnover (Times) 12.12 9.25 9.50
    Avg. Inventory Period (Days) 30.12 39.46 38.43
    A/P Turnover (Times) 18.29 15.72 15.48
    Avg. Payment Period (Days) 19.96 23.22 23.57
    Cash Cycle (Days) 32.04 38.89 37.25


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

    Market Alert (Latest)
    No Information Found
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    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.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
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