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Esso (Thailand) Public Company Limited (ESSO.BK)
Key financial summary
Financials in THB| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 177 | 199 | 169 | 124 | 167 | 246 | 228 |
| Operating profit | THB bn | 12 | 4 | |||||
| Net profit | THB bn | 7 | 2 | -3 | -8 | 4 | 10 | 3 |
| EPS reported | THB | 2.75 | 0.75 | |||||
| Operating cashflow per share | THB | -1.11 | -1.11 | |||||
| Capex per share | THB | 0.48 | 0.48 | |||||
| FCF per share | THB | -1.59 | -1.59 | |||||
| Free cash flow | THB bn | -6 | 16 | |||||
| Net debt | THB bn | 38 | 22 | |||||
| Book value equity | THB bn | 27 | 30 | |||||
| Book value per share | THB | 7.86 | 8.70 | |||||
| Number of shares | m | 3,461 | 3,458.72 | |||||
| DPS (TTM paid) | THB | 0.80 | 0.00 |
Financial summary
Financials in THB| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 4.58 | - | |||||
| P/B LTM | x | 1.60 | 1.03 | |||||
| P/S LTM | x | 0.18 | 0.14 | |||||
| P/FCF LTM | x | -7.91 | 1.91 | |||||
| EV/EBITDA LTM | x | 5.42 | 8.24 | |||||
| EV/Sales LTM | x | 0.33 | 0.23 | |||||
| Earnings Yield LTM | % | 21.83% | 30.70% | |||||
| FCF Yield | % | -12.63% | 52.41% | |||||
| Quality | ||||||||
| ROE | % | 34.96% | 40.99% | |||||
| ROIC | % | 14.43% | 14.43% | |||||
| Operating margin | % | 4.95% | 4.95% | |||||
| Gross margin | % | 0.32% | 0.32% | |||||
| FCF/Sales | % | -2.24% | -2.24% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +114.84% | -78.01% | |||||
| Sales Growth YoY | % | +47.46% | -2.61% | |||||
| Net Income Growth YoY | % | +114.00% | -78.29% | |||||
| FCF Growth | % | - | - | |||||
| Operating Profit Growth | % | +110.24% | -74.83% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 3.97% | 0.00% | |||||
| Dividend Growth | % | - | - | |||||
| Payout Ratio | % | 18.20% | 0.00% | |||||
| FCF/Debt | x | -0.14 | 0.64 | |||||
| Net Debt/EBITDA | x | 2.52 | 2.52 | |||||
| EBIT/Net interest | x | 32.44 | 32.44 | |||||
| Net debt/market cap | % | 86.65% | 72.51% | |||||
| Net debt/Equity | x | 1.39 | 0.75 | |||||
| Gross debt/equity | x | 1.41 | 0.85 | |||||
Company overview
Esso (Thailand) Public Company Limited is actively involved in the refining and commercialization of petroleum products, serving both the Thai domestic market and international clients. Its operations are divided into two main divisions: Downstream and Petrochemicals. Within the Downstream segment, the company offers a comprehensive array of refined fuels, including liquefied petroleum gas (LPG), petroleum naphtha, gasoline, diesel, jet fuel/kerosene, asphalt, and fuel oil. It also provides other petroleum-based products, such as mineral and synthetic lubricants, marketed under the Mobil brand. As of December 31, 2021, its refined products were distributed through an extensive network of 731 retail service stations operating under the Esso brand. Beyond retail, Esso (Thailand) distributes these products via commercial channels, catering to industrial and commercial end-users, wholesalers, and customers in the aviation and marine sectors. The Petrochemicals division focuses on producing aromatics and other chemical compounds, along with selling benzene concentrates. Additionally, it supplies various hydrocarbon solvents, including hexane (primarily used in edible oil seed extraction and as a petrochemical carrier), rubber solvents (for adhesives and tire manufacturing), white spirits (vital for the coatings and paint industries), and Exxsol D80 (suitable for household, industrial, and metalworking applications). The company further imports and markets aromatic solvents, crucial for automotive paint coatings and pesticides, and distributes phthalate ester plasticizers used as foundational raw materials. A supplementary business activity involves leasing real estate assets. Founded in 1894 and headquartered in Bangkok, Thailand, the company was formerly known as Esso Standard Thailand Co., Ltd. before officially changing its name to Esso (Thailand) Public Company Limited in 1996. It operates as a subsidiary of ExxonMobil Asia Holding Private Limited.
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Esso (Thailand) Public Company Limited (ESSO.BK)
Esso (Thailand) Public Company Limited is actively involved in the refining and commercialization of petroleum products, serving both the Thai domestic market and international clients. Its operations are divided into two main divisions: Downstream and Petrochemicals. Within the Downstream segment, the company offers a comprehensive array of refined fuels, including liquefied petroleum gas (LPG), petroleum naphtha, gasoline, diesel, jet fuel/kerosene, asphalt, and fuel oil. It also provides other petroleum-based products, such as mineral and synthetic lubricants, marketed under the Mobil brand. As of December 31, 2021, its refined products were distributed through an extensive network of 731 retail service stations operating under the Esso brand. Beyond retail, Esso (Thailand) distributes these products via commercial channels, catering to industrial and commercial end-users, wholesalers, and customers in the aviation and marine sectors. The Petrochemicals division focuses on producing aromatics and other chemical compounds, along with selling benzene concentrates. Additionally, it supplies various hydrocarbon solvents, including hexane (primarily used in edible oil seed extraction and as a petrochemical carrier), rubber solvents (for adhesives and tire manufacturing), white spirits (vital for the coatings and paint industries), and Exxsol D80 (suitable for household, industrial, and metalworking applications). The company further imports and markets aromatic solvents, crucial for automotive paint coatings and pesticides, and distributes phthalate ester plasticizers used as foundational raw materials. A supplementary business activity involves leasing real estate assets. Founded in 1894 and headquartered in Bangkok, Thailand, the company was formerly known as Esso Standard Thailand Co., Ltd. before officially changing its name to Esso (Thailand) Public Company Limited in 1996. It operates as a subsidiary of ExxonMobil Asia Holding Private Limited.
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