Company Summary
TOP THAI OIL PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET50 / SETCLMV / SETTHSI
CG Report:   
 
  Data as of 27 May 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
57.00 61.50 / 42.50 7.09 0.91 20,400.28 116,281.59 354,741.68 11,797.31 11.29
News
Date/Time Subject
11 May 2022 13:48   Financial Performance Quarter 1 (F45) (Reviewed) (Revised)
11 May 2022 13:46   Financial Statement Quarter 1/2022 (Reviewed) (Revised)
11 May 2022 13:28   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
11 May 2022 13:27   Financial Statement Quarter 1/2022 (Reviewed)
11 May 2022 13:27   Financial Performance Quarter 1 (F45) (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 http://www.thaioilgroup.com
  Annual Report 2021
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 04 Mar 2022 01 Mar 2021
    % /Shareholders
    51.96% 44,845 51.96% 35,869
    Foreign Shareholders 15.60% (As of 27/05/2022) Foreign Limit 40.00%
    NVDR Shareholders  12.67% (As of 27/05/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -1.30 -3.53 -2.25
    20 Days 6.54 3.01 8.05
    60 Days 6.54 6.42 9.22
    120 Days 14.57 6.72 12.61
    YTD 15.15 12.88 16.48
    P/E (X) 7.09 14.49 19.28
    P/BV (X) 0.91 1.54 1.73
    Turnover Ratio (%) 0.40 0.27 1.06

    Top 10 Major Shareholders(@04 Mar 2022) Share %
    1. บริษัท ปตท. จำกัด (มหาชน) 918,565,183 45.03
    2. บริษัท Thai NVDR Company Limited 208,689,746 10.23
    3. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 62,925,198 3.08
    4. บริษัท สยาม แมนเนจเม้นท์ โฮลดิ้ง จำกัด 61,200,000 3.00
    5. GIC PRIVATE LIMITED 50,312,600 2.47
    6. STATE STREET EUROPE LIMITED 37,082,365 1.82
    7. สำนักงานประกันสังคม 32,479,800 1.59
    8. THE BANK OF NEW YORK MELLON 29,428,711 1.44
    9. MISS VARUNYA CHATPHIRIYAPHAN 17,550,000 0.86
    10. MISS DARANEE CHATPHIRIYAPHAN 9,196,400 0.45

    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. BURANIN RATTANASOMBAT DIRECTOR
    5. Mr. PRASERT SINSUKPRASERT 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 May 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 2,040.03  2,040.03  2,040.03 
    Market Cap (MB.) 116,281.59  100,981.38  106,081.45 
    Price (B./share) 57.00  49.50  52.00 
    BVPS (B./Share) 62.36  56.62  52.84 
    P/BV (X) 0.91  0.87  0.98 
    P/E (X) 7.09  6.82  N/A 
    Turnover Ratio (%) 72.68  154.04  217.16 
    Value Trade/Day (MB.) 828.02  700.67  792.32 
    Beta 1.21  1.31  1.61 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) 15.15  -4.81  -25.45 
    Dividend Yield (%) 4.56  1.41  2.88 
    Payout Ratio 0.32  0.18  N/A 
    Dividend Policy At least 25 percent of the consolidated financial statements' net profit after deducting all types of reserves as defined in the Company's regulations and in accordance with applicable laws (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 2.00 Baht 25 Apr 2022 Cash
    - 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
     
    Auditor
    (Effective Until 31/12/2022)
    MISS WARAPORN PRAPASIRIKUL/EY OFFICE LIMITED
    MR. KHITSADA LERDWANA/EY OFFICE LIMITED
    Ms. KESSIRIN PINPUVADOL/EY OFFICE LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 32,915.07 32,137.62 29,695.94 53,570.83 75,179.72
    A/R Net 31,384.99 20,732.24 24,424.34 14,712.11 24,357.30
    Inventories 57,538.75 28,819.58 39,576.04 22,461.14 30,292.42
    Current Assets 132,206.69 103,075.31 101,238.89 114,229.16 134,676.29
    PP&E Net 184,071.26 153,904.48 178,399.50 159,954.23 106,559.16
    Non-Current Assets 266,376.62 200,781.91 260,905.23 191,958.50 148,768.24
    Total Assets 398,583.31 303,857.22 362,144.12 306,187.66 283,444.53
    OD 1,898.19 1,463.55 928.95 713.47 1,576.14
    A/P Net 49,749.13 17,524.96 29,271.36 13,755.42 32,330.18
    Current portion of LT 51,196.07 955.08 4,212.85 7,951.82 1,335.89
    Current Liabilities 109,363.83 25,136.97 38,476.13 28,620.22 38,666.70
    Non-Current Liabilities 159,648.91 161,197.30 200,573.91 157,449.01 120,854.32
    Total Liabilities 269,012.74 186,334.27 239,050.04 186,069.23 159,521.02
    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) 113,016.28 99,289.85 105,828.73 95,929.85 100,281.12
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -8,664.67 -7,346.75 -7,804.53 -2,557.42 -3,164.92
     - Surplus (Deficits) -6,663.24 -7,667.76 -9,117.18 -2,869.78 -3,325.07
    Shareholders' Equity 127,208.15 114,799.63 120,880.74 116,228.96 119,972.74
    Minority Interest 2,362.43 2,723.31 2,213.34 3,889.47 3,950.77
    more
    Statement of Comprehensive Income (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 120,882.47 75,272.41 345,496.46 247,913.17 364,326.71
    Other Income 99.68 44.36 283.12 417.53 397.10
    Total Revenues 120,989.65 75,470.72 345,985.96 249,027.83 366,055.04
    Costs 103,310.04 68,214.42 319,555.26 255,300.04 355,756.27
    Selling And Administrative Expenses 717.78 532.97 3,013.63 2,406.23 2,517.53
    Total Cost And Expenses 104,027.82 68,753.64 322,599.46 257,768.05 358,325.04
    EBITDA 11,797.31 6,498.59 26,118.93 8,603.78 18,147.85
    Depre. & Amor. 1,832.70 1,820.88 7,424.34 7,554.00 7,084.55
    EBIT 9,964.61 4,677.71 18,694.59 1,049.77 11,063.30
    Net Profit : Owners Of The Parent 7,182.67 3,360.00 12,578.03 -3,301.41 6,276.68
    EPS (B.) 3.52 1.65 6.17 -1.62 3.08
    more
    Statement of Cash Flow (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow 6,259.67 -3,363.96 10,503.77 2,434.75 13,087.20
    Investing Cash Flow -7,155.89 -4,727.05 -43,336.61 -47,490.25 23,343.42
    Financing Cash Flow 4,096.73 -13,814.97 8,245.45 20,575.47 8,129.24
    Net Cash Flow 3,200.50 -21,905.99 -24,587.40 -24,480.03 44,559.87
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 1.21 4.10 2.63 3.99
    ROE (%) 13.55 12.60 10.61 -2.80
    ROA (%) 6.83 7.59 5.59 0.36
    D/E (X) 2.08 1.59 1.94 1.55
    Total Asset Turnover (X) 1.11 0.85 1.04 0.84
    Gross Profit Margin (%) 14.54 9.38 7.51 -2.98
    EBIT Margin (%) 8.24 6.20 5.40 0.42
    Net Profit Margin (%) 6.06 4.58 3.76 -1.16

    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 (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth 60.59 -1.80 39.36 -31.95
    COGs Growth 51.45 -25.57 25.17 -28.24
    Total Revenue Growth 60.31 -3.54 38.93 -31.97
    Total Expense Growth 51.31 -25.78 25.15 -28.06
    Net Profit Growth 113.77 N/A N/A N/A

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 15.86 13.11 18.12 12.69
    Avg. Collection Period (Days) 23.02 27.84 20.14 28.76
    Inventory Turnover (Times) 8.21 10.12 10.30 9.68
    Avg. Inventory Period (Days) 44.44 36.07 35.43 37.71
    A/P Turnover (Times) 13.11 15.64 17.39 11.08
    Avg. Payment Period (Days) 27.84 23.33 20.99 32.94
    Cash Cycle (Days) 39.61 40.58 34.58 33.53


    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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