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PTT Oil and Retail Business Public Co Limited

PTT Oil and Retail Business Public Co Limited

12.60
THB
+0.30
(+2.44%)
0.45EPS
28.01P/E
150.00BMarket Cap
Nov 05Next Earn
PTT Oil and Retail Business Public Co Limited
SET:OR.R
(Stock Exchange of Thailand)

Recent

price

12.60

P/E

ratio

28.01

div

yld

4.77%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
66.01
64.13
36.93
43.96
65.5
63.83
60.56
54.78
57.83
Revenue per Share
0.33
1.21
0.76
0.99
0.86
0.92
0.64
0.94
0.45
Basic EPS, GAAP
-1.33
2.29
0.73
1.58
-0.89
2.39
0.86
0.38
-1.77
Free Cash Flow per Basic Share
- -
- -
0.81
0.38
0.54
0.4
0.54
0.43
0.6
Dividend per Share
2.41
3.33
3.26
8.32
8.64
9.12
9.07
9.48
9.17
Book Value per Share
1.89
2.83
2.77
7.86
8.2
8.7
8.39
8.81
8.53
Tangible Book Value per Share
9,000
9,000
11,610
11,642
12,059
12,059
11,954
12,025
11,947
Basic Weighted Avg Shares
594,129
577,134
428,804
511,799
789,785
769,741
723,958
658,723
690,928
Sales/Revenue/Turnover
1.12
1.31
2.72
2.8
1.27
1.48
1.04
1.75
0.91
Operating Margin (%)
3,709
3,602
5,203
6,075
6,503
6,799
7,490
7,580
7,819
Depreciation Expense
3,006
10,896
8,791
11,474
10,370
11,094
7,650
11,304
5,332
Net Income, GAAP
19.42
16.37
16.81
19.16
20.28
18.01
19.06
17.99
19.91
Effective Tax Rate (%)
0.51
1.89
2.05
2.24
1.31
1.44
1.06
1.72
0.77
Profit Margin (%)
38,154
41,008
28,126
74,337
67,892
59,393
55,359
60,268
52,616
Working Capital
53,880
50,335
49,319
38,930
33,556
25,910
20,077
16,149
12,353
LT Debt
27,943
38,708
37,916
99,872
103,761
109,508
108,961
113,821
110,098
Total Equity
- -
13.07
10.15
10.18
7.54
8.14
6.06
8.47
3.79
Return on Invested Capital (%)
- -
13.63
10.48
10.3
7.72
8.34
6.13
8.78
4.15
Return on Capital (%)
- -
32.7
22.97
16.67
10.19
10.41
7.01
10.15
4.77
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,416
5,879
31,036
LT Borrowings
7,027
3,213
3,208
LT Finance Leases
9,122
9,058
9,146
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12,000
12,000
12,000
Market Capitalization
159,600
157,200
150,000

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
108,853
145,092
135,464
Cash, Cash Equivalents & STI
40,206
52,113
32,629
Accounts Receivable, Net
23,684
29,992
29,984
Inventories
32,988
37,052
45,915
Total Current Liabilities
48,585
88,658
82,848
Payables & Accruals
39,418
78,611
50,182
ST Debt
7,416
5,879
31,036
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
35.36%
4.46%
Free Cash Flow
- -
-106%
-54.86%
Net Income, GAAP
- -
8.92%
47.75%
Sales/Revenue/Turnover
- -
11.23%
-9.01%
Total Cash Common Dividend
- -
-3.66%
-20.37%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
177,934
183,989
176,131
185,904
723,958
2025
182,422
167,166
153,600
155,535
658,723
2026
176,125
205,667
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.21
-0.13
0.25
0.64
2025
0.36
0.19
0.22
0.17
0.94
2026
0.2
-0.15
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.27
0.26
- -
0.54
2025
- -
0.13
0.3
- -
0.43
2026
- -
0.3
- -
- -
- -
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Business
PTT Oil and Retail Business Public Company Limited (OR.BK) operates as the retail marketing arm of PTT Public Company Limited, engaging in the downstream oil and retail business in Thailand and internationally. The company markets and distributes petroleum products including gasoline, diesel, jet fuel, and lubricants under the PT brand; operates a network of over 2,000 OR service stations offering fuels, convenience stores via PT Maxx, car washes, and cafes; and provides non-oil retail services such as EV charging stations, compressed natural gas (CNG), and automotive services through subsidiaries like PTT Retail and ETT Retail. It also offers petrochemical products, asphalt, and specialty fuels to industrial customers, alongside digital services like the PT Tor app for loyalty programs and payments. Established in 2018 as a spin-off from PTT Public Company Limited and headquartered in Bangkok, Thailand, the company serves consumer, commercial, and industrial segments primarily in Thailand, with selective operations in Vietnam, Cambodia, and Laos. OR targets motorists, households, and businesses through its integrated retail ecosystem, emphasizing sustainability initiatives like biofuel blends and green energy solutions. In the past two years, OR has expanded its EV infrastructure with over 500 charging stations launched nationwide as part of Thailand's green transition; formed strategic partnerships with global firms such as Shell for lubricant co-branding and Lotte for retail joint ventures; and completed the acquisition of additional retail assets to strengthen its market share amid rising competition. The company raised capital through a secondary listing on the Singapore Exchange in 2023 for regional expansion funding, while introducing new product lines like high-octane fuels and sustainable packaging. These moves reflect OR's shift toward diversified energy retail and digital transformation.