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    Oil & Gas Refining & Marketing
Star Petroleum Refining Public Company Limited

Star Petroleum Refining Public Company Limited

SPRC.BK
Star Petroleum Refining Public Company LimitedTH flagStock Exchange of Thailand
7.35
THB
-0.05
- -
31.87BMarket Cap
Star Petroleum Refining Public Company Limited
SPRC.BK
(Stock Exchange of Thailand)

Recent

price

7.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
63.57
63.05
55.5
43.22
35.74
39.12
48
38.89
29.89
39.28
64.88
60.41
61.36
55.64
52.3
Revenue per Share
1.09
0.97
-1.55
1.99
2
2.05
0.52
-0.65
-1.38
1.09
1.77
-0.28
0.52
0.59
2.13
Basic EPS, GAAP
1.25
0.86
0.62
4.96
1.76
2.5
1.5
-0.86
-0.41
0.85
-0.03
1.46
2.72
1.39
1.35
Free Cash Flow per Basic Share
1.32
1.09
0.45
3.59
2.19
1.11
1.27
0.12
0.06
- -
1.14
0.15
0.25
0.3
0.15
Dividend per Share
13.57
13.41
11.4
8.12
8.92
9.86
9.11
8.34
6.89
7.98
8.61
8.18
8.46
8.75
10.46
Book Value per Share
12.17
12.88
10.91
8.86
9.58
9.67
8.85
7.46
6.07
7.91
8.9
9.81
8.94
8.66
10.7
Tangible Book Value per Share
4,103
4,103
4,103
4,136
4,336
4,336
4,336
4,336
4,336
4,336
4,336
4,336
4,336
4,336
4,331
Basic Weighted Avg Shares
260,827
258,691
227,712
178,766
154,954
169,620
208,107
168,611
129,599
170,331
281,299
261,921
266,039
241,267
226,515
Sales/Revenue/Turnover
1.63
1.61
-3.85
5.54
6.75
5.58
0.97
-2.91
-6.11
3.6
3.43
-0.17
0.55
0.98
4.73
Operating Margin (%)
2,129
2,186
2,522
2,800
2,920
2,828
2,737
2,565
2,832
2,644
2,603
3,432
3,584
3,441
3,441
Depreciation Expense
4,485
3,977
-6,367
8,227
8,688
8,895
2,263
-2,809
-6,005
4,746
7,674
-1,230
2,235
2,569
9,223
Net Income, GAAP
24.25
16.61
- -
22.45
20.65
18.58
19.28
- -
- -
19.73
20.02
- -
20.8
17.46
19.15
Effective Tax Rate (%)
1.72
1.54
-2.8
4.6
5.61
5.24
1.09
-1.67
-4.63
2.79
2.73
-0.47
0.84
1.06
4.07
Profit Margin (%)
15,435
15,607
6,320
1,860
9,415
11,917
9,817
4,190
8,583
12,700
14,354
16,483
19,460
15,704
20,725
Working Capital
- -
- -
- -
2,659
2,580
- -
- -
- -
8,857
3,374
- -
1,461
8,200
3,754
1,965
LT Debt
50,012
52,970
44,843
36,725
41,719
42,101
38,529
32,476
26,427
34,371
38,707
42,771
39,106
37,920
46,713
Total Equity
- -
6.59
- -
17.34
17.83
15.52
3.59
- -
- -
12.02
16.6
- -
2.15
4.12
16.02
Return on Invested Capital (%)
- -
7.2
- -
19.52
21.2
19.89
5.44
- -
- -
11.88
17.67
- -
5.37
6.21
18.8
Return on Capital (%)
- -
7.19
-12.51
20.47
24.04
21.84
5.5
-7.42
-18.18
14.72
21.33
-3.38
6.2
6.89
22.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,357
1,826
7,122
LT Borrowings
2,712
1,750
- -
LT Finance Leases
2,089
2,004
1,965
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,336
4,336
4,336
Market Capitalization
20,904
25,803
30,752

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
35,068
34,155
49,752
Cash, Cash Equivalents & STI
431
976
1,618
Accounts Receivable, Net
11,802
10,221
21,865
Inventories
21,962
21,112
25,678
Total Current Liabilities
18,773
18,452
29,027
Payables & Accruals
14,102
16,340
21,613
ST Debt
4,357
1,826
7,122
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.33%
8.32%
-3.03%
Free Cash Flow
-590.84%
-1,127.65%
-49.1%
Net Income, GAAP
-67.7%
-100.03%
14.97%
Sales/Revenue/Turnover
5.87%
16.39%
-9.31%
Total Cash Common Dividend
- -
- -
20%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
68,348
69,579
64,260
63,853
266,039
2025
64,070
58,355
61,543
57,300
241,267
2026
49,318
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.91
0.08
-0.51
- -
0.52
2025
0.16
-0.19
0.36
- -
0.59
2026
1.7
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.25
- -
0.25
2025
- -
- -
0.15
- -
0.3
2026
- -
- -
- -
- -
- -
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Business
Star Petroleum Refining Public Company Limited operates a sophisticated petroleum refinery situated in the Map Ta Phut Industrial Estate within Thailand's Rayong Province. As a key player in the energy sector, the company processes crude oil with a capacity of approximately 175,000 barrels per day, contributing significantly to the nation's refining output. Its diverse product portfolio encompasses a range of transportation fuels, including liquefied petroleum gas, various grades of gasoline, jet fuel, diesel, fuel oil, and asphalt. Additionally, it supplies vital petrochemical feedstocks such as polymer grade propylene and chemical grade naphtha. While primarily serving the Thai domestic market through major distributors and its own recently acquired Caltex-branded fuels marketing business, which includes a network of about 450 service stations and over 200 wholesalers, SPRC also engages in exports to regional markets. Established in 1992, the company maintains its headquarters in Mueang Rayong, Thailand, and functions as a subsidiary, with Chevron South Asia Holdings Pte. Ltd. holding a majority ownership stake.