Company Valuation: PTT Exploration and Production

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 468,458 700,702 593,513 472,428 448,608 585,573 - -
Change - 49.58% -15.3% -20.4% -5.04% 30.53% - -
Enterprise Value (EV) 1 519,742 710,857 574,163 456,522 496,654 654,599 675,775 657,006
Change - 36.77% -19.23% -20.49% 8.79% 31.8% 3.23% -2.78%
P/E 12.2x 9.84x 7.91x 5.99x 7.44x 7.59x 8.31x 8.59x
PBR 1.13x 1.5x 1.19x 0.88x 0.88x 1.04x 0.97x 0.91x
PEG - 0.1x 1.49x 1.17x -0.3x 0.3x -0.96x -2.63x
Capitalization / Revenue 2.14x 2.11x 1.97x 1.51x 1.59x 1.8x 1.83x 1.8x
EV / Revenue 2.37x 2.15x 1.91x 1.46x 1.76x 2.01x 2.11x 2.02x
EV / EBITDA 3.34x 2.9x 2.59x 2.02x 2.55x 2.72x 2.97x 2.88x
EV / EBIT 6.08x 4.39x 4.08x 3.47x 4.99x 4.59x 5.44x 5.39x
EV / FCF 8.54x 6.96x 7.74x 4.57x 16.4x 29x 33.7x 14.4x
FCF Yield 11.7% 14.4% 12.9% 21.9% 6.12% 3.45% 2.97% 6.95%
Dividend per Share 2 5 9.25 9.5 9.625 8.75 9.738 9.169 8.887
Rate of return 4.24% 5.24% 6.35% 8.09% 7.74% 6.6% 6.22% 6.02%
EPS 2 9.7 17.94 18.89 19.86 15.18 19.44 17.75 17.17
Distribution rate 51.5% 51.6% 50.3% 48.5% 57.6% 50.1% 51.7% 51.8%
Net sales 1 219,068 331,350 300,694 312,310 281,449 325,171 320,075 325,209
EBITDA 1 155,824 245,183 222,110 226,462 194,714 240,580 227,751 228,415
EBIT 1 85,530 162,015 140,788 131,422 99,520 142,544 124,331 121,854
Net income 1 38,864 70,901 76,706 78,824 60,273 77,334 70,507 68,191
Net Debt 1 51,284 10,154 -19,350 -15,906 48,045 69,026 90,202 71,433
Reference price 2 118.00 176.50 149.50 119.00 113.00 147.50 147.50 147.50
Nbr of stocks (in thousands) 3,969,985 3,969,985 3,969,985 3,969,985 3,969,985 3,969,985 - -
Announcement Date 1/27/22 1/30/23 1/30/24 1/30/25 2/9/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.56x2.4x5.49x2.55% 160B
12.71x3.35x6.38x3.54% 105B
8.94x2.72x4.76x2.75% 78.79B
7.7x2.53x4.01x1.73% 60.09B
9.9x1.43x4.71x1.95% 59.43B
12.4x3.71x5.26x2.12% 57.57B
9.78x2.58x5.02x2.35% 55.46B
13.21x3.5x5.29x5.46% 45.53B
12.65x4.09x6.02x1.23% 33.65B
Average 11.09x 2.92x 5.22x 2.63% 72.83B
Weighted average by Cap. 11.26x 2.81x 5.29x 2.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. PTTEP Stock
  4. PTXLF Stock
  5. Valuation PTT Exploration and Production