Gulf Energy Development Public Company Limited (GULF.BK)
Full history for every metric is available with a Kvantra account

Gulf Energy Development Public Company Limited (GULF.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 33 | 47 | 94 | 114 | 121 | 99 | 142 | 146 |
| Operating profit | THB bn | 16 | 23 | ||||||
| Net profit | THB bn | 6 | 8 | 11 | 15 | 18 | 80 | 38 | 35 |
| EPS reported | THB | 5.35 | 2.52 | ||||||
| Operating cashflow per share | THB | 2.35 | 1.40 | ||||||
| Capex per share | THB | 0.94 | 1.38 | ||||||
| FCF per share | THB | 1.41 | 0.02 | ||||||
| Free cash flow | THB bn | 21 | 31 | ||||||
| Net debt | THB bn | 312 | 362 | ||||||
| Book value equity | THB bn | 336 | 316 | ||||||
| Book value per share | THB | 22.47 | 21.12 | ||||||
| Number of shares | m | 14,940 | 14,940 | ||||||
| DPS (TTM paid) | THB | 3.25 | 3.25 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 7.80 | 10.18 | ||||||
| P/B LTM | x | 1.86 | 1.98 | ||||||
| P/S LTM | x | 6.31 | 4.38 | ||||||
| P/FCF LTM | x | 29.66 | 20.28 | ||||||
| EV/EBITDA LTM | x | 47.40 | 32.95 | ||||||
| EV/Sales LTM | x | 9.54 | 9.82 | ||||||
| Earnings Yield LTM | % | +12.82% | +9.82% | ||||||
| FCF Yield | % | +3.37% | +4.93% | ||||||
| Quality | |||||||||
| ROE | % | +23.83% | +26.97% | ||||||
| ROIC | % | +2.11% | +10.10% | ||||||
| Operating margin | % | +16.15% | +59.77% | ||||||
| Gross margin | % | +19.77% | +20.21% | ||||||
| FCF/Sales | % | +21.27% | +0.22% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +245.16% | +62.58% | ||||||
| Sales Growth YoY | % | -18.20% | +17.86% | ||||||
| Net Income Growth YoY | % | +340.27% | +107.42% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -31.14% | +0.66% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.42% | +4.91% | ||||||
| Dividend Growth | % | +221.78% | +221.78% | ||||||
| Payout Ratio | % | 0.00% | +13.29% | ||||||
| FCF/Debt | x | 0.06 | 0.07 | ||||||
| Net Debt/EBITDA | x | 16.07 | 3.81 | ||||||
| EBIT/Net interest | x | 1.61 | 6.17 | ||||||
| Net debt/market cap | % | +58.37% | +40.58% | ||||||
| Net debt/Equity | x | 0.93 | 1.15 | ||||||
| Gross debt/equity | x | 1.09 | 1.35 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Gulf Energy Development Public Company Limited, headquartered in Bangkok, Thailand, is an energy firm that primarily generates and distributes electricity and steam to both public and private sector clients across Thailand and internationally. The company operates through a multifaceted structure encompassing four key segments: Power Business, Consulting Business, Infrastructure Business, and Satellite Business. Within its Power segment, Gulf Energy leverages a diverse portfolio of generation methods, including gas-fired, solar, biomass, and wind power projects, operating under both independent power producer (IPP) and small power producer (SPP) frameworks. Its Infrastructure ventures involve undertaking various development projects, managing the distribution and sale of natural gas, and overseeing digital infrastructure operations. Furthermore, its operations extend to various support, technology, and investment services, alongside trading and the storage and conversion of natural gas. The Satellite segment covers satellite services, direct television and equipment sales, and transponder provisions. Gulf Energy also engages in engineering and development, offers broadband network and content services, and participates in broadcasting, television, and telecommunications. System integration consultancy for broadband networks is another specialized offering. Founded in 2007, Gulf Energy Development has grown into a comprehensive energy and infrastructure player.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Gulf Energy Development Public Company Limited (GULF.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Gulf Energy Development Public Company Limited, headquartered in Bangkok, Thailand, is an energy firm that primarily generates and distributes electricity and steam to both public and private sector clients across Thailand and internationally. The company operates through a multifaceted structure encompassing four key segments: Power Business, Consulting Business, Infrastructure Business, and Satellite Business. Within its Power segment, Gulf Energy leverages a diverse portfolio of generation methods, including gas-fired, solar, biomass, and wind power projects, operating under both independent power producer (IPP) and small power producer (SPP) frameworks. Its Infrastructure ventures involve undertaking various development projects, managing the distribution and sale of natural gas, and overseeing digital infrastructure operations. Furthermore, its operations extend to various support, technology, and investment services, alongside trading and the storage and conversion of natural gas. The Satellite segment covers satellite services, direct television and equipment sales, and transponder provisions. Gulf Energy also engages in engineering and development, offers broadband network and content services, and participates in broadcasting, television, and telecommunications. System integration consultancy for broadband networks is another specialized offering. Founded in 2007, Gulf Energy Development has grown into a comprehensive energy and infrastructure player.
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