Company Summary
TOP THAI OIL PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETHD / SETTHSI
CG Report:   
 
  Data as of 19 Oct 2020  
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 73.50 / 25.25 N/A 0.66 20,400.28 70,380.96 224,230.52 -7,767.10 -124.32
News
Date/Time Subject
29 Sep 2020 17:11   Independent Financial Advisor's Opinion Report on the Disposition of Assets, Acquisition of Assets and Related Transaction on Execution of Entire Business Transfer Transaction of Thai Oil Public Company Limited (1/2)
29 Sep 2020 17:11   Independent Financial Advisor's Opinion Report on the Disposition of Assets, Acquisition of Assets and Related Transaction on Execution of Entire Business Transfer Transaction of Thai Oil Public Company Limited (2/2)
21 Sep 2020 17:55   Disclosure of Invitation Notice to the Extraordinary General Meeting of Shareholders No.1/2020
21 Sep 2020 17:02   Invitation to propose agenda and to nominate candidates for directorship for the 2021 Annual General Meeting of Shareholders
18 Sep 2020 17:07   Form to Report on Names of Members and Scope of Work of the Audit Committee (F 24-1)
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 2019
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 12 May 2020 01 Mar 2019
    % /Shareholders
    51.96% 39,972 46.49% 33,234
    Foreign Shareholders 15.40% (As of 19/10/2020) Foreign Limit 40.00%
    NVDR Shareholders  5.71% (As of 19/10/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -2.82 0.92 1.88
    20 Days -10.97 -3.84 -5.10
    60 Days -19.77 -3.05 -9.76
    120 Days -9.21 -5.62 -6.92
    YTD -50.54 -32.56 -35.35
    P/E (X) N/A 30.02 20.82
    P/BV (X) 0.66 1.30 1.36
    Turnover Ratio (%) 0.30 0.32 1.14

    Top 10 Major Shareholders(@08 Sep 2020) Share %
    1. บริษัท PTT PUBLIC COMPANY LIMITED 918,565,183 45.03
    2. บริษัท Thai NVDR Company Limited 128,324,764 6.29
    3. สำนักงานประกันสังคม 73,611,400 3.61
    4. บริษัท สยาม แมนเนจเม้นท์ โฮลดิ้ง จำกัด 61,200,000 3.00
    5. GIC PRIVATE LIMITED 57,369,091 2.81
    6. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 53,996,840 2.65
    7. STATE STREET EUROPE LIMITED 46,563,289 2.28
    8. THE BANK OF NEW YORK MELLON 23,991,426 1.18
    9. THE BANK OF NEW YORK (NOMINEES) LIMITED 12,382,400 0.61
    10. กองทุนเปิด เค 20 ซีเล็คท์หุ้นระยะยาวปันผล 12,051,000 0.59

    Management Position
    1. Mr. THOSAPORN SIRISUMPHAND CHAIRMAN OF THE BOARD
    2. Mr. WIRAT UANARUMIT CHIEF EXECUTIVE OFFICER AND PRESIDENT / DIRECTOR
    3. Miss CHULARAT SUTEETHORN DIRECTOR
    4. Mr. YONGYUT JANTARAROTAI DIRECTOR
    5. Mr. BURANIN RATTANASOMBAT DIRECTOR
    6. Mr. PRAPHON WONGTHARUA DIRECTOR
    7. Miss PHANNALIN MAHAWONGTIKUL DIRECTOR
    8. Mr. TERDKIAT PROMMOOL DIRECTOR
    9. Miss DUANGPORN THIENGWATANATHAM DIRECTOR
    10. POL. GEN. AEK ANGSANANONT INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    11. Mr. PASU DECHARIN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. PRAPHAISITH TANKEYURA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. AM SUTTIPONG INSEEYONG INDEPENDENT DIRECTOR
    14. GEN. KUKIAT SRINAKA INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    19 Oct 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 2,040.03  2,040.03  2,040.03 
    Market Cap (MB.) 70,380.96  142,291.94  135,151.85 
    Price (B./share) 34.50  69.75  66.25 
    BVPS (B./Share) 52.43  58.08  62.04 
    P/BV (X) 0.66  1.20  1.07 
    P/E (X) N/A  N/A  6.17 
    Turnover Ratio (%) 180.26  139.04  88.42 
    Value Trade/Day (MB.) 805.84  792.17  628.60 
    Beta 1.60  1.65  1.43 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -50.54  5.28  -35.99 
    Dividend Yield (%) 4.35  3.80  7.92 
    Payout Ratio N/A  N/A  0.49 
    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
    - 0.50 Baht 21 Apr 2020 Cash
    - 1.00 Baht 27 Sep 2019 Cash
    - 1.15 Baht 26 Apr 2019 Cash
    - 1.50 Baht 28 Sep 2018 Cash
    - 3.75 Baht 27 Apr 2018 Cash
     
    Auditor
    (Effective Until 31/12/2020)
    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.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 37,364.32 57,338.27 75,179.72 34,041.47 15,623.43
    A/R Net 14,496.84 18,704.90 22,465.51 24,359.02 22,327.84
    Inventories 15,601.56 30,657.54 30,292.42 28,738.50 32,840.90
    Current Assets 115,089.57 146,947.40 134,676.29 164,743.46 126,211.39
    PP&E Net 140,088.01 88,991.65 106,559.16 79,929.02 78,612.41
    Total Assets 298,170.35 256,452.96 283,444.53 268,612.95 228,108.29
    OD 2,454.08 - 1,576.14 - 968.80
    A/P Net 7,022.02 17,266.34 25,015.15 21,844.26 18,963.17
    Current portion of LT 4,919.19 1,300.82 1,335.90 4,548.63 1,592.44
    Current Liabilities 23,473.20 29,884.92 38,666.70 38,020.05 33,348.04
    Non-Current Liabilities 163,865.48 101,414.31 120,854.32 104,120.52 67,612.00
    Total Liabilities 187,338.68 131,299.23 159,521.02 142,140.57 100,960.05
    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
    Other Surplus (Deficit) -3,361.23 -2,823.35 -3,325.07 303.60 266.08
    Retained Earnings (Deficit) 88,019.18 101,312.10 100,281.12 98,684.78 99,259.99
    Treasury Stock - - - - -
    Shareholders' Equity 106,956.47 121,153.19 119,972.74 121,712.02 122,223.48
    Minority Interest 3,875.20 4,000.54 3,950.77 4,760.36 4,924.77
    more
    Statement of Comprehensive Income (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 126,023.27 183,587.59 364,326.71 389,343.53 337,387.69
    Other Income 3,058.30 3,515.38 3,877.74 2,502.98 4,529.51
    Total Revenues 130,364.28 187,805.50 369,503.80 393,039.39 343,113.87
    COGs 140,847.01 177,772.34 355,756.27 373,127.97 305,385.58
    SG&A 1,176.13 1,346.93 2,517.53 2,781.72 3,330.52
    Total Expenses 142,369.08 179,195.65 358,440.50 376,730.22 308,980.05
    EBITDA -7,767.10 12,184.46 18,147.85 23,572.96 41,775.78
    Depre. & Amor. 4,237.69 3,574.60 7,084.55 7,263.78 7,641.96
    EBIT -12,004.79 8,609.85 11,063.30 16,309.18 34,133.82
    Net Profit -11,274.13 4,975.23 6,276.68 10,149.04 24,856.20
    EPS (B.) -5.53 2.44 3.08 4.97 12.18
    more
    Statement of Cash Flow (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow -899.14 8,646.99 13,087.20 18,313.05 34,417.18
    Investing Cash Flow -66,440.26 26,265.64 23,343.42 -25,846.28 -30,092.38
    Financing Cash Flow 26,893.80 -9,096.65 8,129.24 25,565.58 -19,226.04
    Net Cash Flow -40,445.59 25,815.98 44,559.87 18,032.35 -14,901.24
    more
    Annualized: ROE, ROA
    Ratios 6M/2020  6M/2019  2019  2018 
    Current Ratio (X) 4.90 4.92 3.48 4.33
    ROE (%) -8.74 3.83 5.19 8.32
    ROA (%) -3.44 4.12 4.01 6.57
    D/E (X) 1.75 1.08 1.33 1.17
    Total Asset Turnover (X) 1.13 1.57 1.34 1.58
    Gross Profit Margin (%) -11.76 3.17 2.35 4.16
    EBIT Margin (%) -9.21 4.58 2.99 4.15
    Net Profit Margin (%) -8.65 2.65 1.70 2.58

    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/2020  6M/2019  2019  2018 
    Sales Growth -31.36 -2.52 -6.43 15.40
    COGs Growth -20.77 1.93 -4.66 22.18
    Total Revenue Growth -30.59 -1.34 -5.99 14.55
    Total Expense Growth -20.55 1.99 -4.85 21.93
    Net Profit Growth N/A -52.17 -38.15 -59.17

    Annualized
    Cash Cycle 6M/2020  6M/2019  2019  2018 
    A/R Turnover (Times) 18.48 18.49 15.56 16.68
    Avg. Collection Period (Days) 19.75 19.74 23.46 21.88
    Inventory Turnover (Times) 13.78 10.84 12.05 12.12
    Avg. Inventory Period (Days) 26.48 33.67 30.28 30.12
    A/P Turnover (Times) 26.25 18.24 15.18 18.29
    Avg. Payment Period (Days) 13.90 20.01 24.04 19.96
    Cash Cycle (Days) 32.33 33.40 29.70 32.04


    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.
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