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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 $13.5B
LTM EBITDA $725M
$5.9B
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Thaioil has a last 12-month revenue (LTM) of $13.5B and a last 12-month EBITDA of $725M.
In the most recent fiscal year, Thaioil achieved revenue of $13.9B and an EBITDA of $744M.
Thaioil expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thaioil valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $13.5B | XXX | $13.9B | XXX | XXX | XXX |
| Gross Profit | $713M | XXX | $178M | XXX | XXX | XXX |
| Gross Margin | 5% | XXX | 1% | XXX | XXX | XXX |
| EBITDA | $725M | XXX | $744M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBIT | $451M | XXX | $393M | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $297M | XXX | $303M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $3.8B | XXX | XXX | XXX |
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As of May 30, 2025, Thaioil's stock price is THB 30 (or $1).
Thaioil has current market cap of THB 67.6B (or $2.1B), and EV of THB 195B (or $5.9B).
See Thaioil trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.9B | $2.1B | XXX | XXX | XXX | XXX | $0.14 |
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Start Free TrialAs of May 30, 2025, Thaioil has market cap of $2.1B and EV of $5.9B.
Thaioil's trades at 0.4x EV/Revenue multiple, and 8.0x EV/EBITDA.
Equity research analysts estimate Thaioil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thaioil has a P/E ratio of 6.9x.
See valuation multiples for Thaioil and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.1B | XXX | $2.1B | XXX | XXX | XXX |
| EV (current) | $5.9B | XXX | $5.9B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.0x | XXX | XXX | XXX |
| EV/EBIT | 13.2x | XXX | 15.1x | XXX | XXX | XXX |
| EV/Gross Profit | 8.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 6.9x | XXX | 6.8x | XXX | XXX | XXX |
| EV/FCF | 21.1x | XXX | 6.5x | 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 TrialThaioil's last 12 month revenue growth is -6%
Thaioil's revenue per employee in the last FY averaged $26.9M, while opex per employee averaged -$0.4M for the same period.
Thaioil's rule of 40 is 2% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thaioil's rule of X is -10% (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 Thaioil and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -6% | XXX | -4% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | -16% | XXX | XXX | XXX |
| Rule of 40 | 2% | XXX | -1% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -10% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $26.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | -$0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | 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 | -2% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $2.1B |
| What is the current revenue of Thaioil? | Thaioil's last 12 months revenue is $13.5B. |
| What is the current revenue growth of Thaioil? | Thaioil revenue growth (NTM/LTM) is -6%. |
| What is the current EV/Revenue multiple of Thaioil? | Current revenue multiple of Thaioil is 0.4x. |
| Is Thaioil profitable? | Yes, Thaioil is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thaioil? | Thaioil's last 12 months EBITDA is $725M. |
| What is Thaioil's EBITDA margin? | Thaioil's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Thaioil? | Current EBITDA multiple of Thaioil is 8.2x. |
| What is the current FCF of Thaioil? | Thaioil's last 12 months FCF is $282M. |
| What is Thaioil's FCF margin? | Thaioil's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Thaioil? | Current FCF multiple of Thaioil is 21.1x. |
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