Company Summary
TOP THAI OIL PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETHD / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 14 Nov 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
75.50 108.00 / 68.25 7.04 1.22 20,400.28 154,022.10 247,591.32 26,743.08 6.48
News
Date/Time Subject
09 Nov 2018 19:04   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018 (Revised)
09 Nov 2018 13:18   Reviewed Quarter 3 and Consolidated F/S (F45-3) (Revised)
09 Nov 2018 12:36   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
09 Nov 2018 12:36   Submission of Thai Oil Public Company Limited and its subsidiaries' financial statements and MD&A for the third quarter year 2018
09 Nov 2018 12:35   Financial Statement Quarter 3/2018 (Reviewed)
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 2017
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 both marine and pipeline transportation, renewable energy generation, LAB: an intermediate in the production of surfactants, as well as 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 20.18% (As of 14/11/2018) Foreign Limit 40.00%
    NVDR Shareholders  15.82% (As of 14/11/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -10.39 -7.56 -9.14
    20 Days -9.04 -3.85 -6.62
    60 Days -6.21 -2.93 -3.77
    120 Days -16.11 -8.02 -9.98
    YTD -27.05 -27.34 -22.58
    P/E (X) 7.04 11.64 15.73
    P/BV (X) 1.22 1.68 1.88
    Turnover Ratio (%) 0.78 0.37 0.63

    Top 10 Major Shareholders(@14 Sep 2018) Share %
    1. บริษัท ปตท. จำกัด (มหาชน) 979,765,183 48.03
    2. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 318,839,029 15.63
    3. STATE STREET EUROPE LIMITED 68,187,462 3.34
    4. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 45,982,939 2.25
    5. สำนักงานประกันสังคม 32,251,200 1.58
    6. THE BANK OF NEW YORK (NOMINEES) LIMITED 25,035,505 1.23
    7. BNY MELLON NOMINEES LIMITED 17,561,283 0.86
    8. GIC PRIVATE LIMITED 14,697,800 0.72
    9. CHASE NOMINEES LIMITED 12,696,153 0.62
    10. SE ASIA (TYPE B) NOMINEES LLC 11,666,090 0.57

    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. Mr. NOPPADOL PINSUPA DIRECTOR
    6. Miss PHANNALIN MAHAWONGTIKUL DIRECTOR
    7. Mr. SUCHALEE SUMAMAL DIRECTOR
    8. Miss DUANGPORN THIENGWATANATHAM 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. ACM SUTTIPONG INSEEYONG INDEPENDENT DIRECTOR
    13. POL. GEN. AEK ANGSANANONT INDEPENDENT DIRECTOR
    14. Mr. KANIT SI INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    14 Nov 2018
    2017
    29 Dec 2017
    2016
    30 Dec 2016
    Listed share (M.) 2,040.03  2,040.03  2,040.03 
    Market Cap (MB.) 154,022.10  211,142.88  147,392.01 
    Price (B./share) 75.50  103.50  72.25 
    BVPS (B./Share) 62.04  56.67  49.53 
    P/BV (X) 1.22  1.83  1.46 
    P/E (X) 7.04  8.90  7.69 
    Turnover Ratio (%) 76.86  70.92  82.09 
    Value Trade/Day (MB.) 637.70  511.45  454.89 
    Beta 1.51  1.31  0.92 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -27.05  43.25  9.47 
    Dividend Yield (%) 6.95  4.35  3.74 
    Payout Ratio 0.49  0.39  0.29 
    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
    - 1.50 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
    - 1.80 Baht 29 Apr 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. WINID SILAMONGKOL/KPMG PHOOMCHAI AUDIT LIMITED
    MR. CHAROEN PHOSAMRITLERT/KPMG PHOOMCHAI AUDIT LIMITED
    MR. WAIYAWAT KORSAMARNCHAIYAKIJ/KPMG PHOOMCHAI AUDIT LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 20,759.14 17,005.53 15,623.43 31,120.76 35,764.44
    A/R Net 25,804.87 23,381.40 22,327.84 19,535.64 14,176.60
    Inventories 41,576.22 29,231.77 32,840.90 33,188.88 18,882.71
    Current Assets 139,639.08 113,704.20 126,211.39 115,730.64 90,489.68
    PP&E Net 77,120.32 79,685.66 78,612.41 82,311.54 83,258.13
    Total Assets 240,898.88 215,491.12 228,108.29 217,731.21 192,165.69
    OD 2,309.40 - 968.80 - -
    A/P Net 26,670.13 17,812.91 18,963.17 19,887.40 12,052.88
    Current portion of LT 4,971.61 1,858.80 1,592.44 7,137.82 1,373.80
    Current Liabilities 37,651.58 27,038.12 33,348.04 34,145.83 18,192.15
    Non-Current Liabilities 71,931.71 67,999.48 67,612.00 71,988.08 76,964.80
    Total Liabilities 109,583.29 95,037.60 100,960.05 106,133.91 95,156.95
    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) 401.05 203.04 266.08 330.84 330.84
    Retained Earnings (Deficit) 103,512.31 92,656.52 99,259.99 83,906.46 69,415.71
    Treasury Stock - - - - -
    Shareholders' Equity 126,570.53 115,616.17 122,223.48 106,856.58 92,371.45
    Minority Interest 4,745.06 4,837.35 4,924.77 4,740.73 4,637.29
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 289,588.67 247,944.99 337,387.69 274,738.95 293,569.48
    Other Income 2,181.42 3,552.48 4,529.51 1,812.26 3,035.36
    Total Revenues 292,761.58 252,393.36 343,113.87 277,480.88 297,317.03
    COGs 269,493.98 225,661.74 305,385.58 247,261.17 273,819.45
    SG&A 1,854.38 2,051.12 3,330.52 2,633.35 3,207.13
    Total Expenses 271,420.38 227,782.68 308,980.05 250,137.77 279,780.18
    EBITDA 26,743.08 30,283.68 41,775.78 35,104.90 24,302.45
    Depre. & Amor. 5,401.88 5,673.00 7,641.96 7,761.79 6,765.60
    EBIT 21,341.20 24,610.68 34,133.82 27,343.11 17,536.85
    Net Profit 14,961.00 17,929.47 24,856.20 21,221.91 12,181.37
    EPS (B.) 7.33 8.79 12.18 10.40 5.97
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 7,213.17 22,348.60 34,417.18 23,181.63 31,708.48
    Investing Cash Flow 3,798.44 -17,266.63 -30,092.38 -18,351.79 2,529.59
    Financing Cash Flow -6,348.97 -18,613.37 -19,226.04 -9,397.30 -14,739.92
    Net Cash Flow 4,662.64 -13,531.41 -14,901.24 -4,567.46 19,498.14
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 3.71 4.21 3.78 3.39
    ROE (%) 18.08 21.91 21.70 21.30
    ROA (%) 13.53 15.34 15.31 13.34
    D/E (X) 0.87 0.82 0.83 0.99
    Total Asset Turnover (X) 1.68 1.57 1.54 1.35
    Gross Profit Margin (%) 6.94 8.99 9.49 10.00
    EBIT Margin (%) 7.29 9.75 9.95 9.85
    Net Profit Margin (%) 5.11 7.10 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 (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 16.80 25.46 22.80 -6.41
    COGs Growth 19.42 25.86 23.51 -9.70
    Total Revenue Growth 15.99 25.64 23.65 -6.67
    Total Expense Growth 19.16 25.77 23.52 -10.59
    Net Profit Growth -16.56 16.28 17.13 74.22

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 15.41 16.56 16.12 16.30
    Avg. Collection Period (Days) 23.68 22.04 22.64 22.39
    Inventory Turnover (Times) 9.86 10.64 9.25 9.50
    Avg. Inventory Period (Days) 37.00 34.31 39.46 38.43
    A/P Turnover (Times) 15.70 18.56 15.72 15.48
    Avg. Payment Period (Days) 23.25 19.67 23.22 23.57
    Cash Cycle (Days) 37.44 36.68 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)
    The Information is provided for informative and educational purposes only.