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Thai Oil Public Company Limited

Thai Oil Public Company Limited

TOIPF
Thai Oil Public Company LimitedUS flagOther OTC
1.25
USD
- -
- -
2.79BMarket Cap
Thai Oil Public Company Limited
TOIPF
(Other OTC)

Recent

price

1.25

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
155.58
218.05
218.64
202.58
190.62
143.45
134.25
164.86
190.1
176.78
118.66
164.62
241.96
205.64
204.05
176.52
180.3
Revenue per Share
4.38
7.26
6.02
4.55
-2.02
5.95
10.37
12.15
4.96
3.07
-1.61
6.17
15.63
8.7
4.46
6.53
13.68
Basic EPS, GAAP
5
6.61
8.1
1.66
2.77
10.17
7.9
14.57
5.04
-7.15
-22.6
-12.22
5.33
6.04
13.34
17.06
20.86
Free Cash Flow per Basic Share
2.16
2.8
2.62
3.06
2.07
1.56
3.42
4.62
5.23
2.14
0.5
1.3
4.09
2.35
3.95
1.5
1.5
Dividend per Share
33.14
36.59
40.7
42.66
38.58
42.93
49.85
57.36
57.07
57.85
55.73
60.76
71.5
73.24
73.75
78.48
87.18
Book Value per Share
36.21
40.05
43.55
44.95
41.02
45.54
51.82
59.31
59.21
59.01
55.9
58.72
74.31
73.9
72.93
84.98
95.2
Tangible Book Value per Share
2,046
2,046
2,046
2,046
2,046
2,046
2,046
2,046
2,046
2,046
2,046
2,040
2,090
2,234
2,234
2,234
2,234
Basic Weighted Avg Shares
318,391
446,241
447,432
414,575
390,090
293,569
274,739
337,388
389,042
361,768
242,840
335,827
505,703
459,402
455,857
394,336
402,876
Sales/Revenue/Turnover
2.55
4.59
2.79
3.51
-1.72
5.63
9.13
8.62
3.45
1.73
-4.13
6.81
8.75
6.43
2.83
2.44
8.49
Operating Margin (%)
6,662
6,604
6,640
6,033
6,533
6,766
7,762
7,642
7,264
6,923
7,554
7,424
7,744
7,799
8,106
8,065
8,156
Depreciation Expense
8,956
14,853
12,320
9,316
-4,140
12,181
21,222
24,856
10,149
6,277
-3,301
12,578
32,668
19,443
9,959
14,584
30,562
Net Income, GAAP
24.88
25.75
12.39
10.85
- -
11.33
9.61
17.92
16.03
15.18
- -
13.47
21.22
19.26
18.62
12.71
16.43
Effective Tax Rate (%)
2.81
3.33
2.75
2.25
-1.06
4.15
7.72
7.37
2.61
1.74
-1.36
3.75
6.46
4.23
2.18
3.7
7.59
Profit Margin (%)
47,350
57,249
65,701
77,300
59,829
72,298
81,585
92,863
126,723
96,010
85,609
62,763
50,155
51,870
44,559
39,910
49,231
Working Capital
41,062
39,970
42,162
61,385
67,265
73,719
68,296
63,907
100,120
115,287
147,509
191,758
172,765
169,546
165,008
128,483
105,784
LT Debt
75,570
85,034
92,549
95,921
87,844
97,009
111,597
127,148
126,472
123,924
120,118
123,094
158,657
168,312
166,185
193,032
215,867
Total Equity
5.13
11.95
7.99
8.29
- -
8.56
12.44
12.16
5.12
2.2
- -
6.57
10.26
6.7
3
2.49
8.33
Return on Invested Capital (%)
8.78
13.15
10.71
8.25
- -
8.94
13.63
14.56
6.34
3.74
- -
5.09
10.49
6.47
3.82
5.23
9.7
Return on Capital (%)
13.55
20.82
15.58
10.92
-4.98
14.6
22.35
22.66
8.67
5.34
-2.84
10.57
23.9
12.42
6.07
8.58
16.84
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,382
5,210
12,407
LT Borrowings
114,218
111,982
89,285
LT Finance Leases
17,206
16,501
16,499
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,234
2,234
2,234
Market Capitalization
84,154
52,865
160,541

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
100,398
130,299
167,088
Cash, Cash Equivalents & STI
33,161
68,600
76,271
Accounts Receivable, Net
25,998
23,687
38,607
Inventories
37,675
32,104
39,033
Total Current Liabilities
75,358
90,389
117,857
Payables & Accruals
68,757
84,977
97,235
ST Debt
6,382
5,210
12,407
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.57%
10.47%
16.15%
Free Cash Flow
-4.97%
-4.18%
27.89%
Net Income, GAAP
-52.26%
-72.82%
46.45%
Sales/Revenue/Turnover
5.73%
13.09%
-13.5%
Total Cash Common Dividend
38.14%
69.95%
-62.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
114,239
119,639
110,018
111,962
455,857
2025
106,270
99,086
80,049
108,931
394,336
2026
114,809
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.62
2.48
-1.89
- -
4.46
2025
1.57
2.9
0.96
- -
6.53
2026
8.72
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.75
1.2
- -
3.95
2025
- -
0.7
0.8
- -
1.5
2026
- -
- -
- -
- -
- -
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Business
Thai Oil Public Company Limited (TOIPF) operates as Thailand's leading integrated oil refinery and petrochemical company, refining crude oil into a broad range of petroleum and petrochemical products; its core operations include a complex refinery with 275,000 barrels per day capacity producing gasoline, diesel/gas oil, jet fuel, kerosene, fuel oil, and liquefied petroleum gas (LPG), alongside petrochemicals such as paraxylene, lube base oils including Group II and Group III base oils under the TK brands, solvents, aromatics, bitumen, slack wax, and extracts; additional segments encompass power generation through investments in TOP SPP Co., Ltd. and Global Power Synergy Plc, marine transportation services, ethanol production, and carbon black. The company serves domestic markets primarily in Thailand with exports to other countries including Indonesia, targeting fuel retailers, industrial users, and power utilities; it maintains principal operations at its Sriracha refinery in Chonburi Province and headquarters in Bangkok, Thailand, where it was founded in 1961 as part of the PTT Group ecosystem. Recent developments include the September 2025 board approval of an asset monetization plan via a new subsidiary in partnership with PTT Tank, involving a 21-year lease of crude oil storage tanks, Single Buoy Mooring (SBM), lorry loading station, and related land in Si Racha to generate over THB 18 billion in cash inflows for financial strengthening and capital recycling, pending shareholder approval at the December 2025 extraordinary general meeting; in Q3 2025, the company reported net profits of THB 2.147 billion supported by joint venture gains from PT Chandra Asri Petrochemical and ongoing debt reduction efforts; it continues strategic investments in sustainability, earning awards like the Sustainability Disclosure Award 2025 and Excellent CGR Rating for the 17th year.