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Thai Oil PCL operates an integrated business in oil refining and petrochemicals. Along with oil refinery and distributions, the company has also expanded into other related businesses including petrochemicals-aromatics and olefin chain, lube base oil, etc. In addition, there are also ethanol and supporting businesses such as pipeline transportation, ethanol, recruitment services for Thaioil and subsidiaries, as well as treasury center to enhance Thaioil and subsidiaries. Along with its subsidiaries, the company operates in the following reportable segments; Oil refinery, which derives key revenue, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. Geographically, it derives key revenue from Thailand, followed by Indonesia and other regions.
1961
517
LTM Revenue $13.3B
LTM EBITDA $702M
$5.5B
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Thaioil has a last 12-month revenue of $13.3B and a last 12-month EBITDA of $702M.
In the most recent fiscal year, Thaioil achieved revenue of $13.4B and an EBITDA of $718M.
Thaioil expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thaioil valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $13.5B | $13.4B | XXX | XXX | XXX |
| Gross Profit | $722M | $683M | XXX | XXX | XXX |
| Gross Margin | 5% | 5% | XXX | XXX | XXX |
| EBITDA | $1.1B | $718M | XXX | XXX | XXX |
| EBITDA Margin | 8% | 5% | XXX | XXX | XXX |
| Net Profit | $960M | $571M | XXX | XXX | XXX |
| Net Margin | 7% | 4% | XXX | XXX | XXX |
| Net Debt | $3.9B | $4.0B | XXX | XXX | XXX |
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As of April 15, 2025, Thaioil's stock price is THB 23 (or $1).
Thaioil has current market cap of THB 52.3B (or $1.5B), and EV of THB 187B (or $5.5B).
See Thaioil trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.5B | $1.5B | XXX | XXX | XXX | XXX | $0.14 |
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Sign UpAs of April 15, 2025, Thaioil has market cap of $1.5B and EV of $5.5B.
Thaioil's trades at 0.4x LTM EV/Revenue multiple, and 7.8x LTM EBITDA.
Analysts estimate Thaioil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thaioil and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.5B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | XXX | XXX |
| P/E | 5.2x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 6.3x | 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.
Sign UpThaioil's NTM/LTM revenue growth is -7%
Thaioil's revenue per employee for the last fiscal year averaged $25.9M, while opex per employee averaged -$0.4M for the same period.
Over next 12 months, Thaioil's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thaioil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thaioil and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -32% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $25.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | -$0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | -2% | XXX | 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 |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Thaioil acquired XXX companies to date.
Last acquisition by Thaioil was XXXXXXXX, XXXXX XXXXX XXXXXX . Thaioil 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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Sign Up| When was Thaioil founded? | Thaioil was founded in 1961. |
| Where is Thaioil headquartered? | Thaioil is headquartered in Thailand. |
| How many employees does Thaioil have? | As of today, Thaioil has 517 employees. |
| Who is the CEO of Thaioil? | Thaioil's CEO is Mr. Bandhit Thamprajamchit. |
| Is Thaioil publicy listed? | Yes, Thaioil is a public company listed on BKK. |
| What is the stock symbol of Thaioil? | Thaioil trades under TOP ticker. |
| When did Thaioil go public? | Thaioil went public in 2004. |
| Who are competitors of Thaioil? | Similar companies to Thaioil include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Thaioil? | Thaioil's current market cap is $1.5B |
| What is the current revenue of Thaioil? | Thaioil's last 12-month revenue is $13.3B. |
| What is the current EBITDA of Thaioil? | Thaioil's last 12-month EBITDA is $702M. |
| What is the current EV/Revenue multiple of Thaioil? | Current revenue multiple of Thaioil is 0.4x. |
| What is the current EV/EBITDA multiple of Thaioil? | Current EBITDA multiple of Thaioil is 7.8x. |
| What is the current revenue growth of Thaioil? | Thaioil revenue growth between 2023 and 2024 was -1%. |
| Is Thaioil profitable? | Yes, Thaioil is EBITDA-positive (as of the last 12 months). |
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