Risk factor
Good trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Thai Oil Public Company Limited, established in 1961 and headquartered in Bangkok, Thailand, operates as a diversified energy conglomerate with a presence both domestically and globally. Alongside its subsidiaries, the company primarily focuses on oil refining, distribution, petrochemicals, and the production of lube base oils. Its operations are structured into several key divisions, including Oil Refining, Lube Base Oil Refining, Petrochemicals, Power Generation, Marine Transportation Services, Solvents, and Ethanol. The company's refining activities yield a wide array of refined petroleum products, such as gasoline, diesel (gas oil), jet fuel, kerosene, fuel oil, and liquefied petroleum gas (LPG). Additionally, Thai Oil manufactures crucial petrochemical building blocks like paraxylene, benzene, toluene, and mixed xylenes. Its product portfolio further extends to lube base oils, bitumen (asphalt), various industrial by-products, and specialized items like treated distillate aromatics extract and slack wax. The company also supplies a variety of hydrocarbon and chemical solvents, alongside other industrial chemicals. A significant component of its business involves power generation. Thai Oil operates natural gas-fired combined-cycle co-generation facilities, which produce and distribute electricity, steam, and essential utilities primarily for industrial clients. The company also strategically invests in other power generation ventures and associated businesses. Its services also encompass marine logistics, facilitating the transport of petroleum, petrochemical, and liquid chemical products, and providing marine support for crew and utilities. Furthermore, the company is involved in ethanol production and engages in biogas power generation and distribution. Completing its diverse activities, Thai Oil offers human resource management services and is engaged in the manufacturing and sale of linear alkyl benzene and its derivatives.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is 'cheap' on P/E, undervalued o