Obermatt

Thai Oil

SET:TOP · TH0796010005
Oil, Gas & Consumable FuelsLarge

360

99
EV / EBIT77
Price / Owner Earnings52
Owner Earnings Yield97
Dividend Yield75
Price/Sales86
EV / Gross Profit81
Price/Book93
Return on Capital55
Cash Return on Capital81
Return on Equity73
EBIT Margin39
Gross Profitability20
Cash Conversion58
Accruals89
Owner Earnings Margin66
Sales growth42
Profit Growth66
Long-Term EPS Growth94
Owner Earnings Growth96
Reinvestment96
Price momentum85
Debt load58
Refinancing8
Debt Payback55
Liquidity82
Analyst ratings30
Opinion Changes20
Price Target Upside45
Market mood53
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Thai Oil generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryOil, Gas & Consumable Fuels
SizeLarge
TypePublic Company
ExchangeSET
Employees431
ISINTH0796010005
Last UpdateApr 2, 2026
Themes
BiofuelChemicalEnergyOil and GasSustainability

Description

Thai Oil Public Company Limited, together with its subsidiaries, engages in the oil refining, petrochemicals, lube base oil, and other businesses in Thailand and internationally. Business Segments The company operates through several segments inclu…

Analysis

Bargain bin

Thai Oil Public Company Limited falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 4.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -15% yearly growth; analysts expect 25%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
88
2026

All-time high

88

Jun 2026

All-time low

78

Mar 2026

Average rank

85

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
86
Price/Earnings
72
Price/Book
93
Dividend Yield
75
Value (overall)
96

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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The companies this stock is ranked against.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →