Anuncio • Apr 02
Gulf Energy Development Public Company Limited Announces Committee Appointments, Effective April 1, 2025 Gulf Energy Development Public Company Limited approved the appointment of the subcommittees as follows: Mr. Krisada Chinavicharana, Independent Director and Chairman of the Audit Committee; Prof. Dr. Bundhit Eua-arporn Independent Director and Member of the Audit Committee; Mrs. Sirivipa Supantanet Independent Director and Member of the Audit Committee. Sustainability, Governance and Risk Management Committee: Mr. Somprasong Boonyachai, Independent Director and Chairman of the Sustainability, Governance and Risk Management Committee; Mr. Predee Daochai, Independent Director and Member of the Sustainability, Governance and Risk Management
Committee; and Ms. Yupapin Wangviwat, Director and Member of the Sustainability, Governance and Risk Management Committee. effective from the date of April 1, 2025 onwards. Anuncio • Mar 26
Gulf Energy Development Public Company Limited Approves No Further Dividend for the Performance of the Year 2024 Gulf Energy Development Public Company Limited announced at the AGM held on March 25, 2025, approved no further dividend payment for the performance of the year 2024. Reported Earnings • Feb 11
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: ฿1.55 (up from ฿1.27 in FY 2023). Revenue: ฿120.9b (up 6.0% from FY 2023). Net income: ฿18.2b (up 22% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 1.1% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 11
Gulf Energy Development Public Company Limited, Annual General Meeting, Mar 25, 2025 Gulf Energy Development Public Company Limited, Annual General Meeting, Mar 25, 2025, at 11:00 SE Asia Standard Time. Location: at napalai grand ballroom,dusit thani bangkok, 98, rama iv road, silom sub-district, bangrak district, bangkok Thailand Buy Or Sell Opportunity • Feb 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ฿57.25. The fair value is estimated to be ฿72.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 3.7% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Declared Dividend • Feb 08
Dividend of ฿1.01 announced Shareholders will receive a dividend of ฿1.01. Ex-date: 19th February 2025 Payment date: 6th March 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Anuncio • Feb 06
Gulf Energy Development Public Company Limited Announces Cash Dividend for the Operating Period from January 01, 2024 to September 30, 2024, Payable on 06 March 2025 Gulf Energy Development Public Company Limited announces cash dividend of THB 1.01 per share for the operating period from January 01, 2024 to September 30, 2024. Date of board resolution; February 06, 2025. Record date for the right to receive dividends; February 20, 2025. Ex-dividend date; February 19, 2025. Payment date; 06 march 2025. Par value; THB 1.00. Buy Or Sell Opportunity • Jan 15
Now 23% overvalued Over the last 90 days, the stock has fallen 14% to ฿60.00. The fair value is estimated to be ฿48.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 5.8% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Anuncio • Dec 26
Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion. Intouch Holdings Public Company Limited (SET:INTUCH), Gulf Energy Development Public Company Limited (SET:GULF), Gulf Ventures Company Limited and Sarath Ratanavadi proposed to acquire 58.86% stake in Thaicom Public Company Limited (SET:THCOM) from a group of shareholders for THB 7.1 billion on December 24, 2024. A cash consideration valued at THB 11 per share will be paid for 645,187,220 shares. The expected completion of the transaction is February 6, 2025.
TTT & Partners Company Limited acted as legal advisor to Thaicom Public Company Limited. Bualuang Securities Public Company Limited acted as tender offer agent. Buy Or Sell Opportunity • Dec 03
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ฿65.50. The fair value is estimated to be ฿52.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ฿0.52 (vs ฿0.29 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.52 (up from ฿0.29 in 3Q 2023). Revenue: ฿33.0b (up 20% from 3Q 2023). Net income: ฿6.03b (up 79% from 3Q 2023). Profit margin: 18% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 07
Gulf Energy Development Public Company Limited to Report Q3, 2024 Results on Nov 14, 2024 Gulf Energy Development Public Company Limited announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ฿0.40 (vs ฿0.25 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.40 (up from ฿0.25 in 2Q 2023). Revenue: ฿31.6b (down 3.0% from 2Q 2023). Net income: ฿4.74b (up 64% from 2Q 2023). Profit margin: 15% (up from 8.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 06
Gulf Energy Development Public Company Limited to Report Q2, 2024 Results on Aug 08, 2024 Gulf Energy Development Public Company Limited announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 10
First quarter 2024 earnings released: EPS: ฿0.60 (vs ฿0.33 in 1Q 2023) First quarter 2024 results: EPS: ฿0.60 (up from ฿0.33 in 1Q 2023). Revenue: ฿63.2b (up 139% from 1Q 2023). Net income: ฿7.00b (up 82% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • May 08
Gulf Energy Development Public Company Limited to Report Q1, 2024 Results on May 09, 2024 Gulf Energy Development Public Company Limited announced that they will report Q1, 2024 results on May 09, 2024 New Risk • Apr 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Paying a dividend despite having no free cash flows. Anuncio • Apr 05
Gulf Energy Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on April 25, 2024 Gulf Energy Development Public Company Limited at its 2024 Annual General Meeting of Shareholders held on April 4, 2024, approved the dividend payment in respect of the results of operation of the Company for the year ended December 31, 2023 at THB 0.88 per share out of the net profit and retained earnings for the total amount of approximately THB 10,325 million or equivalent to 78.1% of the net profit based on the separate financial statements of the Company which is in accordance with the provisions of the Company's dividend policy. The dividend shall be paid to entitled shareholders whose names appear on the name list of shareholders as of the Record Date of February 29, 2024 and the dividend shall be paid on April 25, 2024. Buy Or Sell Opportunity • Apr 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to ฿43.25. The fair value is estimated to be ฿54.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Anuncio • Mar 13
Gulf Energy Development Public Company Limited (SET:GULF) entered into agreement to acquire 50% stake in Get Green Power Company Limited from Earth Tech Environment Public Company Limited (SET:ETC). Gulf Energy Development Public Company Limited (SET:GULF) entered into agreement to acquire 50% stake in Get Green Power Company Limited from Earth Tech Environment Public Company Limited (SET:ETC) on March 8, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of ฿0.88 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (2.5%). Anuncio • Feb 16
Gulf Energy Development Public Company Limited, Annual General Meeting, Apr 04, 2024 Gulf Energy Development Public Company Limited, Annual General Meeting, Apr 04, 2024, at 14:00 SE Asia Standard Time. Location: Ballroom, The Conrad Bangkok Hotel, 87 Wireless Road, Lumpini Sub-district, Bangkok Thailand Agenda: To Acknowledge the Directors' Report on the Company's Performance for the Year 2023; to Approve the Company's Audited Financial Statements for the Year Ended December 31, 2023; to Approve the Allocation of the Earnings Appropriations and Dividend Payment; to Approve the Appointment of the Directors to Replace those Retired by Rotation; to Approve the Fixing of the Directors' Remuneration for the Year 2024; to Approve the Appointment of the Auditors and Fixing the Audit Fees for the Year 2024; and to consider other Business (if any). Reported Earnings • Feb 16
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ฿1.27 (up from ฿0.97 in FY 2022). Revenue: ฿114.1b (up 21% from FY 2022). Net income: ฿14.9b (up 30% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 15
Gulf Energy Development Public Company Limited Proposes Dividend for the Year 2023, Payable on April 25, 2024 Gulf Energy Development Public Company Limited proposed at its AGM to be held on April 4, 2024 dividend payment out of the Company's separate net profit for the year 2023 and retained earnings to the Company's shareholders at the rate of Baht 0.88 per share for 11,733,149,998 shares, totalling approximately Baht 10,325 million. The Company's legal reserve has already reached amount required by law. To set February 29, 2024 as the date to determine names of the shareholders entitled to the dividend payment (Record Date) and the dividend payment shall be paid on April 25, 2024. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ฿0.29 (up from ฿0.093 in 3Q 2022). Revenue: ฿27.4b (up 16% from 3Q 2022). Net income: ฿3.36b (up 209% from 3Q 2022). Profit margin: 12% (up from 4.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ฿0.25 (up from ฿0.13 in 2Q 2022). Revenue: ฿32.6b (up 42% from 2Q 2022). Net income: ฿2.88b (up 89% from 2Q 2022). Profit margin: 8.9% (up from 6.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.29 in 1Q 2022) First quarter 2023 results: EPS: ฿0.33 (up from ฿0.29 in 1Q 2022). Revenue: ฿26.4b (up 28% from 1Q 2022). Net income: ฿3.85b (up 13% from 1Q 2022). Profit margin: 15% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 22
Third quarter 2022 earnings released: EPS: ฿0.093 (vs ฿0.14 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.093 (down from ฿0.14 in 3Q 2021). Revenue: ฿23.6b (up 99% from 3Q 2021). Net income: ฿1.09b (down 32% from 3Q 2021). Profit margin: 4.6% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 4 years, compared to a 11% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 22
Upcoming dividend of ฿0.60 per share at 1.1% yield Eligible shareholders must have bought the stock before 01 March 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 17
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ฿0.093 (down from ฿0.14 in 3Q 2021). Revenue: ฿23.6b (up 99% from 3Q 2021). Net income: ฿1.09b (down 32% from 3Q 2021). Profit margin: 4.6% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 10
Gulf Energy Development Public Company Limited (SET:GULF) entered into a Purchase and Sale Agreement to acquire a 49% stake in Jackson Generation, LLC from J-POWER Jackson Partners, LLC for approximately $410 million. Gulf Energy Development Public Company Limited (SET:GULF) entered into a Purchase and Sale Agreement to acquire a 49% stake in Jackson Generation, LLC from J-POWER Jackson Partners, LLC for approximately $410 million on September 9, 2022. The transaction is subject to customary closing conditions, in particular the receipt of required regulatory approvals including approval from the Federal Regulatory Commission (FERC) and completion of review by the Committee on Foreign Investment in the United States. The transaction is expected to complete in December 2022. Merit Capital Advisors, LLC and Baker & McKenzie LLP have acted as financial and legal advisors, respectively, in connection with the transaction. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: ฿0.13 (vs ฿0.12 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.13 (up from ฿0.12 in 2Q 2021). Revenue: ฿23.0b (up 105% from 2Q 2021). Net income: ฿1.53b (up 8.8% from 2Q 2021). Profit margin: 6.7% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 25%, compared to a 29% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • May 15
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ฿0.29 (up from ฿0.14 in 1Q 2021). Revenue: ฿20.6b (up 128% from 1Q 2021). Net income: ฿3.39b (up 108% from 1Q 2021). Profit margin: 17% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 66%. Over the next year, revenue is forecast to grow 30%, compared to a 26% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 25
Upcoming dividend of ฿0.44 per share Eligible shareholders must have bought the stock before 04 March 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 20
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ฿0.65 (up from ฿0.39 in FY 2020). Revenue: ฿47.5b (up 45% from FY 2020). Net income: ฿7.67b (up 79% from FY 2020). Profit margin: 16% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 42%, compared to a 37% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. Director Chotikul Sookpiromkasem was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿11.9b (up 51% from 3Q 2020). Net income: ฿1.59b (up 64% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.18 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿12.0b (up 55% from 2Q 2020). Net income: ฿1.41b (down 25% from 2Q 2020). Profit margin: 12% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.039 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿9.04b (up 15% from 1Q 2020). Net income: ฿1.63b (up ฿2.05b from 1Q 2020). Profit margin: 18% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Mar 06
Gulf Energy Development Public Company Limited Announces Resignation of Vinit Tangnoi as Independent Director Gulf Energy Development Public Company Limited announced that Mr. Vinit Tangnoi, Independent Director and Audit Committee Member, has resigned from the company Directorship due to personal business engagements, effective from March 4, 2021 onwards. Executive Departure • Mar 05
Independent Director has left the company On the 4th of March, Vinit Tangnoi's tenure as Independent Director ended after 3.8 years in the role. We don't have any record of a personal shareholding under Vinit's name. Vinit is the only executive to leave the company over the last 12 months. Anuncio • Feb 23
Gulf Energy Development Public Company Limited, Annual General Meeting, Apr 09, 2021 Gulf Energy Development Public Company Limited, Annual General Meeting, Apr 09, 2021, at 14:00 SE Asia Standard Time. Location: Ballroom, The Conrad Bangkok Hotel, 87 Wireless Road Lumpini Sub-district, Pathumwan District Bangkok Thailand Agenda: To acknowledge the directors' report on the company's performance for the year 2020; to approve the company's audited financial statements for the year ended December 31, 2020; to approve the appointment of the directors; to approve the fixing of the directors' remuneration for the year 2021; and to discuss other matters. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.39 (vs ฿0.46 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿35.8b (up 19% from FY 2019). Net income: ฿4.28b (down 12% from FY 2019). Profit margin: 12% (down from 16% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 33%, compared to a 22% growth forecast for the Renewable Energy industry in Thailand. Is New 90 Day High Low • Feb 07
New 90-day low: ฿32.75 The company is down 3.0% from its price of ฿33.75 on 09 November 2020. The Thai market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿10.71 per share. Is New 90 Day High Low • Jan 05
New 90-day high: ฿37.25 The company is up 21% from its price of ฿30.75 on 07 October 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿6.34 per share. Anuncio • Dec 25
Gulf Energy Development Public Company Limited (SET:GULF) acquired 40% stake in PTT Natural Gas Distribution Co., Ltd. from International Power S.A. for THB 2.7 billion. Gulf Energy Development Public Company Limited (SET:GULF) entered into a share purchase agreement 40% stake in PTT Natural Gas Distribution Co., Ltd. from International Power S.A. for THB 2.7 billion on December 23, 2020.
Gulf Energy Development Public Company Limited (SET:GULF) completed the acquisition of 40% stake in PTT Natural Gas Distribution Co., Ltd. from International Power S.A. on December 24, 2020. Analyst Estimate Surprise Post Earnings • Nov 16
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 42%, compared to a 16% growth forecast for the Renewable Energy industry in Thailand. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ฿0.09 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿7.88b (down 5.5% from 3Q 2019). Net income: ฿970.4m (down 11% from 3Q 2019). Profit margin: 12% (in line with 3Q 2019). Is New 90 Day High Low • Nov 11
New 90-day high: ฿34.75 The company is up 6.0% from its price of ฿32.75 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.71 per share. Is New 90 Day High Low • Oct 23
New 90-day low: ฿28.50 The company is down 17% from its price of ฿34.50 on 24 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.78 per share. Anuncio • Sep 29
Gulf Energy Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 31.9995 billion. Gulf Energy Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 31.9995 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,066,650,000
Price\Range: THB 30
Transaction Features: Rights Offering Is New 90 Day High Low • Sep 24
New 90-day low: ฿30.75 The company is down 13% from its price of ฿35.50 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿4.58 per share.