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Siamgas and Petrochemicals Public Company Limited

Siamgas and Petrochemicals Public Company Limited

SGP.BK
Siamgas and Petrochemicals Public Company LimitedTH flagStock Exchange of Thailand
7.95
THB
- -
- -
14.61BMarket Cap
Siamgas and Petrochemicals Public Company Limited
SGP.BK
(Stock Exchange of Thailand)

Recent

price

7.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.89
20.62
25.75
35.38
33.6
31.6
26.2
32.18
37.28
36.49
29.99
42.77
55.56
49.29
45.78
40.11
41.55
Revenue per Share
1
0.54
0.45
0.87
-0.28
0.61
0.61
1.53
0.47
0.74
1.12
2.07
0.58
0.55
0.72
- -
0.76
Basic EPS, GAAP
-0.22
-1.87
-1.03
0.44
1.34
0.83
0.85
0.57
-1.9
0.95
0.46
-0.5
1.36
-1.79
-2.84
2.53
0.99
Free Cash Flow per Basic Share
0.25
0.23
0.23
0.18
0.33
0.2
0.24
0.43
0.75
0.3
0.35
0.66
1.03
0.32
0.3
0.3
0.1
Dividend per Share
2.25
2.78
3
3.7
3.08
3.49
3.87
4.98
4.7
5.13
5.94
7.41
7
7.25
7.66
7.36
8.11
Book Value per Share
2.36
2.65
2.82
3.96
3.59
4.38
4.42
5.27
4.65
4.95
5.48
7.61
7.13
7.15
7.81
7.07
8.26
Tangible Book Value per Share
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,838
1,858
Basic Weighted Avg Shares
21,861
37,907
47,337
65,021
61,759
58,082
48,161
59,152
68,522
67,077
55,124
78,604
102,117
90,599
84,151
73,722
77,214
Sales/Revenue/Turnover
8.13
2.77
2.42
1.7
-0.63
2.64
3.03
5.95
1.1
2.63
4.3
5.53
0.97
1.99
2.66
0.88
2.92
Operating Margin (%)
460
723
829
1,017
1,089
1,076
1,176
1,230
1,138
1,007
1,280
1,355
1,413
1,382
1,373
1,703
1,732
Depreciation Expense
1,832
994
824
1,602
-514
1,116
1,119
2,811
871
1,360
2,062
3,809
1,070
1,018
1,319
9
1,414
Net Income, GAAP
23.4
25.53
28.75
11.36
- -
16.46
8.45
18.91
14.82
17.77
13.24
15.5
21.92
22.72
18.9
75.11
21.37
Effective Tax Rate (%)
8.38
2.62
1.74
2.46
-0.83
1.92
2.32
4.75
1.27
2.03
3.74
4.85
1.05
1.12
1.57
0.01
1.83
Profit Margin (%)
-856
-1,336
325
-536
-1,963
-277
1,215
2,792
608
-895
3,510
2,981
2,078
5,195
7,299
-1,028
-1,152
Working Capital
2,201
3,516
5,265
3,778
3,335
3,669
5,883
6,451
6,950
8,240
13,056
9,837
9,231
12,608
18,463
12,911
11,218
LT Debt
6,102
7,056
7,321
9,084
8,369
9,775
9,800
11,308
10,129
11,889
12,864
16,793
15,880
15,914
17,122
15,752
18,100
Total Equity
15.57
5.29
4.23
4.63
- -
6.4
6.78
13.83
2.65
5.36
7.11
11.12
2.21
3.76
4.29
0.39
4.25
Return on Invested Capital (%)
27.77
10.49
6.64
10.44
- -
8.4
8.65
17.3
5.75
6.92
9.34
13.81
4.96
5.39
5.53
0.7
5.94
Return on Capital (%)
48.48
21.51
15.51
26.04
-8.26
18.48
16.54
34.56
9.79
15.05
20.26
31.03
8.08
7.77
9.63
0.06
9.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8,812
9,819
11,849
LT Borrowings
14,625
12,254
10,554
LT Finance Leases
665
657
664
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,838
1,838
1,838
Market Capitalization
12,231
14,439
15,053

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
14,685
12,890
18,167
Cash, Cash Equivalents & STI
3,529
3,580
4,186
Accounts Receivable, Net
4,413
3,921
5,491
Inventories
5,467
3,814
7,508
Total Current Liabilities
14,125
13,918
19,319
Payables & Accruals
4,680
3,640
6,927
ST Debt
8,812
9,819
11,849
Deferred Revenue
454
301
351

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.57%
4.98%
-8%
Free Cash Flow
-161.09%
-188.78%
-189.22%
Net Income, GAAP
12.84%
-12.37%
-99.35%
Sales/Revenue/Turnover
4.34%
8.34%
-12.39%
Total Cash Common Dividend
19.77%
13.74%
-0.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,261
20,917
19,775
20,199
84,151
2025
19,609
16,616
18,964
18,534
73,722
2026
23,100
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
-0.01
0.23
- -
0.72
2025
0.07
-0.3
-0.12
- -
- -
2026
0.83
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.15
- -
0.3
2025
- -
- -
0.1
- -
0.3
2026
- -
- -
- -
- -
- -
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Business
Siamgas and Petrochemicals Public Company Limited (SGP.BK) is a Thailand-based integrated energy company engaged primarily in the trading, transportation, and distribution of liquefied petroleum gas (LPG), petrochemicals, and related products; it operates through three main segments including petroleum and petrochemical products, transportation services, and other businesses such as cylinder manufacturing, power generation, and terminal services. The company trades LPG under brands including SIAMGAS and UNIQUEGAS in Thailand—where it ranks as the second-largest LPG trader—and SGGAS, SINGGAS, and MYGAZ in overseas markets; it also distributes anhydrous ammonia, special gases, and petrochemicals like ethanal for household cooking, automotive, industrial, and M.10 sectors, while providing land transportation via over 400 road tankers, marine transportation with more than 20 LPG tanker vessels including three VLGCs, LPG cylinder and autogas tank manufacturing with annual capacity exceeding 750,000 units through subsidiaries like Siam Quality Steel and recently acquired Linh Gas, oil retail, container terminal services, liquid tank farm and deepsea port operations via Siamtank Terminal, and power generation from a 230 MW combined cycle plant and 10 MW diesel plant in Myanmar. Siamgas maintains an extensive distribution network with terminals and depots in key Thai locations such as Suksawat, Bangpakong, Songkhla, Surat Thani, Nakhon Sawan, Lampang, and Khon Kaen, alongside filling plants and autogas stations; overseas, it serves retail and bulk customers in China, Singapore, Malaysia, Vietnam, Laos, and conducts offshore trading across Southeast Asia, East Asia, and West Asia, targeting a total 2025 sales volume of 3.56 million tons with domestic operations comprising about 25% of revenue. Founded in 2001 and headquartered at 553 The Palladium Building, 30th Floor, Ratchaprasong Road, Makkasan, Ratchathewi, Bangkok, Thailand, the company—formerly VSPP Development Company Limited—lists on the Stock Exchange of Thailand since 2008 and holds subsidiaries including Unique Gas and Petrochemicals, Lucky Carrier, Siam Lucky Marine, and Siamgas Global Investment Pte. Ltd. Recent developments include the 2024 startup of the new Suksawat LPG terminal in Thailand, acquisitions of Siamtank Terminal for liquid tank farm and deepsea port capabilities and Linh Gas for cylinder manufacturing, investments in Myanmar power plants, and a 2022 acquisition of Prasansack LPG business in Laos, alongside capital increases in subsidiaries as of November 2024 and sustained import activities with 60,000 metric tons in Q3/2025 to support domestic markets.