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Gulf Development PCL is a Thailand-based business, that engages in electricity-generating business. The group's principal operation is to generate and sell electricity, steam, and cold water storing and converting natural gas from liquid to gas, providing satellite services, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy.
2011
1.3K+
LTM Revenue $3.9B
LTM EBITDA $863M
$31.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Gulf Development has a last 12-month revenue (LTM) of $3.9B and a last 12-month EBITDA of $863M.
In the most recent fiscal year, Gulf Development achieved revenue of $3.7B and an EBITDA of $1.2B.
Gulf Development expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Gulf Development valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.9B | XXX | $3.7B | XXX | XXX | XXX |
| Gross Profit | $866M | XXX | $736M | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $863M | XXX | $1.2B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $811M | XXX | $642M | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $734M | XXX | $563M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of August 18, 2025, Gulf Development's stock price is THB 47 (or $1).
Gulf Development has current market cap of THB 710B (or $22.0B), and EV of THB 1.02T (or $31.6B).
See Gulf Development trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $31.6B | $22.0B | XXX | XXX | XXX | XXX | $0.05 |
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Start Free TrialAs of August 18, 2025, Gulf Development has market cap of $22.0B and EV of $31.6B.
Gulf Development's trades at 8.4x EV/Revenue multiple, and 25.9x EV/EBITDA.
Equity research analysts estimate Gulf Development's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Gulf Development has a P/E ratio of 30.0x.
See valuation multiples for Gulf Development and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $22.0B | XXX | $22.0B | XXX | XXX | XXX |
| EV (current) | $31.6B | XXX | $31.6B | XXX | XXX | XXX |
| EV/Revenue | 8.1x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBITDA | 36.6x | XXX | 25.9x | XXX | XXX | XXX |
| EV/EBIT | 39.0x | XXX | 49.2x | XXX | XXX | XXX |
| EV/Gross Profit | 36.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 30.0x | XXX | 39.1x | XXX | XXX | XXX |
| EV/FCF | 66.3x | XXX | -119.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialGulf Development's last 12 month revenue growth is 4%
Gulf Development's revenue per employee in the last FY averaged $2.8M, while opex per employee averaged $0.1M for the same period.
Gulf Development's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Gulf Development's rule of X is 31% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Gulf Development and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | -7% | XXX | XXX | XXX |
| Rule of 40 | 34% | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| Gran Tierra Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Gulf Development acquired XXX companies to date.
Last acquisition by Gulf Development was XXXXXXXX, XXXXX XXXXX XXXXXX . Gulf Development acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Gulf Development founded? | Gulf Development was founded in 2011. |
| Where is Gulf Development headquartered? | Gulf Development is headquartered in Thailand. |
| How many employees does Gulf Development have? | As of today, Gulf Development has 1.3K+ employees. |
| Who is the CEO of Gulf Development? | Gulf Development's CEO is Mr. Sarath Ratanavadi. |
| Is Gulf Development publicy listed? | Yes, Gulf Development is a public company listed on BKK. |
| What is the stock symbol of Gulf Development? | Gulf Development trades under GULF ticker. |
| When did Gulf Development go public? | Gulf Development went public in 2025. |
| Who are competitors of Gulf Development? | Similar companies to Gulf Development include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Gulf Development? | Gulf Development's current market cap is $22.0B |
| What is the current revenue of Gulf Development? | Gulf Development's last 12 months revenue is $3.9B. |
| What is the current revenue growth of Gulf Development? | Gulf Development revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Gulf Development? | Current revenue multiple of Gulf Development is 8.1x. |
| Is Gulf Development profitable? | Yes, Gulf Development is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Gulf Development? | Gulf Development's last 12 months EBITDA is $863M. |
| What is Gulf Development's EBITDA margin? | Gulf Development's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Gulf Development? | Current EBITDA multiple of Gulf Development is 36.6x. |
| What is the current FCF of Gulf Development? | Gulf Development's last 12 months FCF is $477M. |
| What is Gulf Development's FCF margin? | Gulf Development's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Gulf Development? | Current FCF multiple of Gulf Development is 66.3x. |
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