Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Established in Bangkok, Thailand, in 1997, Sea Oil Public Company Limited engages in a diverse range of operations. The firm's primary activity involves the distribution and retail of petroleum products, lubricants, and related merchandise. These are predominantly supplied to the marine sector, including tankers, fishing fleets, and refrigerated cargo vessels, both domestically and internationally, with specific offerings encompassing marine fuels, various lubricants, and benzene. Beyond its core fuel business, the company provides extensive catering and supply chain management services for offshore oil and gas rigs, marine habitats, and other sea-based facilities. Furthermore, it operates in the renewable energy domain, offering management for solar power installations, generating electricity from these plants, and marketing solar rooftop systems. Sea Oil also manufactures and distributes solvents. Its broad client base extends to land-based customers, industrial factories, and providers of land transportation and bus services.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITD.