Reported Earnings • May 15
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ฿0.39 (up from ฿0.059 loss in 1Q 2025). Revenue: ฿67.9b (down 7.0% from 1Q 2025). Net income: ฿7.89b (up ฿9.10b from 1Q 2025). Profit margin: 12% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 28
Price target increased by 8.9% to ฿1.55 Up from ฿1.43, the current price target is an average from 14 analysts. New target price is 16% below last closing price of ฿1.84. Stock is up 116% over the past year. The company is forecast to post earnings per share of ฿0.12 next year compared to a net loss per share of ฿0.17 last year. Aankondiging • Apr 27
IRPC Public Company Limited to Report Q1, 2026 Results on May 12, 2026 IRPC Public Company Limited announced that they will report Q1, 2026 results on May 12, 2026 New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risk High level of debt (62% net debt to equity). Aankondiging • Apr 07
IRPC Public Company Limited Announces Board Changes IRPC Public Company Limited at its 2026 Annual General Meeting of Shareholders held on April 7, 2026, approved the appointment Mr. Suchad Chiaranussati as an Independent Director (in replacement of M.D. Korn Pongjitdham). Breakeven Date Change • Mar 24
Forecast breakeven date moved forward to 2026 The 12 analysts covering IRPC previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of ฿23.1m in 2026. Earnings growth of 105% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 20
Consensus EPS estimates upgraded to ฿0.0083 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -฿0.0392 to -฿0.0083 per share. Revenue forecast steady at ฿293.8b. Oil and Gas industry in Thailand expected to see average net income growth of 18% next year. Consensus price target up from ฿1.15 to ฿1.24. Share price rose 37% to ฿1.77 over the past week. Reported Earnings • Feb 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: ฿0.17 loss per share (improved from ฿0.25 loss in FY 2024). Revenue: ฿233.9b (down 26% from FY 2024). Net loss: ฿3.57b (loss narrowed 31% from FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Aankondiging • Feb 18
IRPC Public Company Limited Proposes Cash Dividend for the Year ended December 31, 2025, Payable on April 29, 2026 IRPC Public Company Limited announced that the Board deemed it appropriate to propose to the AGM to approve the dividend payment for the 2025 operating results, allocated from the unappropriated retained earnings as of December 31, 2025, at the rate of THB 0.01 per share cash dividend, totaling approximately THB 204 million, with details as follows: Dividend of THB 0.01 per share to be paid from unappropriated retained earnings, which is not subject to corporate income tax due to offsetting with the Company's tax losses. Individual shareholders will be subjected to a 10% withholding and will not be able to claim a tax credit. The dividend will be paid to shareholders whose names appear on the Record Date on 4 March 2026, with payment scheduled on April 29, 2026. (The entitlement to such dividend payment is subject to approval by the Annual General Meeting of Shareholders for 2026). Ex-dividend date 2 March 2026. Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -฿0.047 to -฿0.062 per share. Revenue forecast unchanged at ฿299.6b. Oil and Gas industry in Thailand expected to see average net income growth of 23% next year. Consensus price target up from ฿0.96 to ฿1.03. Share price was steady at ฿1.29 over the past week. Aankondiging • Feb 18
IRPC Public Company Limited, Annual General Meeting, Apr 07, 2026 IRPC Public Company Limited, Annual General Meeting, Apr 07, 2026, at 14:00 SE Asia Standard Time. Buy Or Sell Opportunity • Feb 03
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ฿1.16. The fair value is estimated to be ฿0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.4% in a year. Earnings are forecast to grow by 63% in the next year. Breakeven Date Change • Feb 02
Forecast to breakeven in 2027 The 10 analysts covering IRPC expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ฿2.37b in 2027. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Aankondiging • Jan 15
IRPC Public Company Limited to Report Q4, 2025 Results on Feb 17, 2026 IRPC Public Company Limited announced that they will report Q4, 2025 results on Feb 17, 2026 Buy Or Sell Opportunity • Jan 09
Now 22% overvalued Over the last 90 days, the stock has fallen 1.7% to ฿1.13. The fair value is estimated to be ฿0.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 4.2% in a year. Earnings are forecast to grow by 63% in the next year. Major Estimate Revision • Jan 06
Consensus EPS estimates upgraded to ฿0.15 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -฿0.173 to -฿0.153 per share. Revenue forecast steady at ฿293.8b. Oil and Gas industry in Thailand expected to see average net income growth of 40% next year. Consensus price target broadly unchanged at ฿0.96. Share price rose 7.1% to ฿1.06 over the past week. Aankondiging • Nov 28
IRPC Public Company Limited Announces Board and Committee Changes IRPC Public Company Limited appointed Piyawan Lamkitcha as Director and as a member of the Corporate Governance and Sustainability Committee, effective 26 November 2025. Miss Phannalin Mahawongtikul was appointed as Director and as a member of the Risk Management Committee, effective 26 November 2025. Mr. Chintapun Dansubutra was appointed as Independent Director and as a member of the Risk Management Committee, effective 26 November 2025. Miss Vena Limsawasdi was appointed as Independent Director and as a member of the Audit Committee, effective 26 November 2025. The Board also approved the appointment of sub-committee members to fill vacant positions or as additional members as follows: The Audit Committee will comprise three members: Mr. Yordchatr Tasarika (Independent Director) as Chairman (existing), M.D. Korn Pongjitdham (Independent Director) as Member (newly appointed), and Miss Vena Limsawasdi (Independent Director) as Member (newly appointed). The Nomination and Remuneration Committee will comprise three members: General Aittipol Suwannarat (Independent Director) as Chairman (existing), Dr. Khanapoj Joemrith (Independent Director) as Member (existing), and Dr. Rosaya Teinwan as Member (existing). The Corporate Governance and Sustainability Committee will comprise four members: Dr. Phirun Saiyasitpanich (Independent Director) as Chairman (existing), Dr. Komol Buaket as Member (existing), Mr. Rattikool Piyavongwanich as Member (existing), and Miss Piyawan Lamkitcha as Member (newly appointed). The Risk Management Committee will comprise four members: Dr. Buranin Rattanasombat as Chairman (newly appointed), Mr. Chintapun Dansubutra (Independent Director) as Member (newly appointed), Miss Phannalin Mahawongtikul as Member (newly appointed), and Mr. Terdkiat Prommool as Member (existing). Reported Earnings • Nov 05
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ฿0.02 (up from ฿0.24 loss in 3Q 2024). Revenue: ฿70.5b (down 12% from 3Q 2024). Net income: ฿340.3m (up ฿5.22b from 3Q 2024). Profit margin: 0.5% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 183%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 31% per year. Aankondiging • Sep 23
IRPC Public Company Limited to Report Q3, 2025 Results on Nov 04, 2025 IRPC Public Company Limited announced that they will report Q3, 2025 results on Nov 04, 2025 Reported Earnings • Aug 09
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.036 loss in 2Q 2024). Revenue: ฿68.8b (down 16% from 2Q 2024). Net loss: ฿2.13b (loss widened 191% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 24
Price target decreased by 7.6% to ฿0.90 Down from ฿0.97, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ฿0.87. Stock is down 40% over the past year. The company is forecast to post a net loss per share of ฿0.13 next year compared to a net loss per share of ฿0.25 last year. Aankondiging • Jul 08
IRPC Public Company Limited to Report Q2, 2025 Results on Aug 05, 2025 IRPC Public Company Limited announced that they will report Q2, 2025 results on Aug 05, 2025 Aankondiging • Jul 02
IRPC Public Company Limited Announces Resignation of Bundhit Eua-Arporn as Independent Director and Chairman of the Board of Directors, Effective 1 July 2025 IRPC Public Company Limited announced the resignation of Mr. Bundhit Eua-Arporn as independent director and chairman of the board of directors. Expire date is 1 July 2025. Terminate Reason: Resigned from position /the company due to other business engagement. Major Estimate Revision • May 15
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿293.6b to ฿289.0b. Losses expected to increase from ฿0.091 per share to ฿0.13. Oil and Gas industry in Thailand expected to see average net income growth of 27% next year. Consensus price target down from ฿0.97 to ฿0.91. Share price fell 4.3% to ฿0.90 over the past week. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: ฿0.06 loss per share (down from ฿0.076 profit in 1Q 2024). Revenue: ฿73.1b (down 8.0% from 1Q 2024). Net loss: ฿1.21b (down 178% from profit in 1Q 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Price Target Changed • May 04
Price target decreased by 7.4% to ฿0.94 Down from ฿1.01, the current price target is an average from 15 analysts. New target price is 5.2% above last closing price of ฿0.89. Stock is down 54% over the past year. The company is forecast to post a net loss per share of ฿0.10 next year compared to a net loss per share of ฿0.25 last year. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 58% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -฿0.053 to -฿0.084 per share. Revenue forecast unchanged at ฿293.6b. Oil and Gas industry in Thailand expected to see average net income growth of 20% next year. Consensus price target down from ฿1.01 to ฿0.99. Share price fell 2.4% to ฿0.83 over the past week. Aankondiging • Mar 24
IRPC Public Company Limited(SET:IRPC) dropped from FTSE All-World Index (USD) IRPC Public Company Limited(SET:IRPC) dropped from FTSE All-World Index (USD) Aankondiging • Feb 25
IRPC Public Company Limited Announces Appointment of Phirun Saiyasitpanich as an Independent Director, Effective February 26, 2025 IRPC Public Company Limited at the Board of Directors, at the meeting no. 4/2025 on February 25, 2025 resolved to appoint Mr. Phirun Saiyasitpanich, to be an Independent Director in replacement of Mr. Seksakon Atthawong, the resigned director. The appointment is effective from February 26, 2025 onwards. Reported Earnings • Feb 11
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ฿0.25 loss per share (further deteriorated from ฿0.14 loss in FY 2023). Revenue: ฿315.7b (down 1.2% from FY 2023). Net loss: ฿5.19b (loss widened 78% from FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 10
Price target decreased by 7.1% to ฿1.25 Down from ฿1.35, the current price target is an average from 14 analysts. New target price is 21% above last closing price of ฿1.03. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ฿0.22 next year compared to a net loss per share of ฿0.14 last year. Price Target Changed • Jan 23
Price target decreased by 7.3% to ฿1.35 Down from ฿1.45, the current price target is an average from 15 analysts. New target price is 19% above last closing price of ฿1.13. Stock is down 42% over the past year. The company is forecast to post a net loss per share of ฿0.24 next year compared to a net loss per share of ฿0.14 last year. Aankondiging • Jan 20
IRPC Public Company Limited Announces Resignation of Pongpun Amornvivat as Director and A Member of the Risk Management Committee IRPC Public Company Limited informed that Mr. Pongpun Amornvivat, a Director and a Member of the Risk Management Committee, has resigned from such all positions, effective from January 17, 2025 onwards. Price Target Changed • Dec 26
Price target decreased by 8.1% to ฿1.45 Down from ฿1.58, the current price target is an average from 15 analysts. New target price is 17% above last closing price of ฿1.24. Stock is down 39% over the past year. The company is forecast to post a net loss per share of ฿0.25 next year compared to a net loss per share of ฿0.14 last year. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: ฿0.24 loss per share (down from ฿0.12 profit in 3Q 2023). Revenue: ฿79.8b (down 2.4% from 3Q 2023). Net loss: ฿4.88b (down 300% from profit in 3Q 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 06
Price target decreased by 8.3% to ฿1.54 Down from ฿1.68, the current price target is an average from 13 analysts. New target price is 7.6% above last closing price of ฿1.43. Stock is down 29% over the past year. The company is forecast to post a net loss per share of ฿0.054 next year compared to a net loss per share of ฿0.14 last year. Aankondiging • Sep 06
Irpc Public Company Limited Announces Resignation of Seksakon Atthawong as an Independent Director and Member of the Corporate Governance and Sustainability, Effective from 9 September 2024 IRPC Public Company Limited announced that Mr. Seksakon Atthawong, an Independent Director and Member of the Corporate Governance and Sustainability has resigned from such all positions, effective from 9 September 2024 onwards. Price Target Changed • Aug 29
Price target decreased by 7.5% to ฿1.69 Down from ฿1.82, the current price target is an average from 15 analysts. New target price is 14% above last closing price of ฿1.48. Stock is down 37% over the past year. The company is forecast to post a net loss per share of ฿0.01 next year compared to a net loss per share of ฿0.14 last year. Aankondiging • Aug 17
IRPC Public Company Limited Announces Resignation of Directors IRPC Public Company Limited announced the resignation of 2 directors as follows: Miss Peangpanor Boonklum has resigned from a company director and the Chairman of the Corporate Governance and Sustainability Committee, effective from August 14, 2024. Mr. Prasong Intaranongpai has resigned from a company director and a member of the Risk Management Committee, effective from August 14, 2024. Reported Earnings • Aug 07
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: ฿0.04 loss per share (improved from ฿0.11 loss in 2Q 2023). Revenue: ฿81.9b (up 6.5% from 2Q 2023). Net loss: ฿732.3m (loss narrowed 67% from 2Q 2023). Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 26
IRPC Public Company Limited Announces Resignation of Pranot Tirasai as Independent Director and Member of Risk Management Committee, Effective from 1 August 2024 Onwards IRPC Public Company Limited announced that Mrs. Pranot Tirasai, an Independent Director, Member of the Risk Management Committee has resigned from such all positions, effective from 1 August 2024 onwards. Aankondiging • Jul 08
Irpc Public Company Limited Announces Resignation of Miss Siriwan Chierapong as Independent Director and Chairperson of the Risk Management Committee IRPC Public Company Limited informed that Miss Siriwan Chierapong, an Independent Director, Vice Chairperson, and Chairperson of the Risk Management Committee has resigned from such all positions, effective from 8 July 2024 onwards. Buy Or Sell Opportunity • Jun 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to ฿1.72. The fair value is estimated to be ฿2.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.015 in 1Q 2023) First quarter 2024 results: EPS: ฿0.08 (up from ฿0.015 in 1Q 2023). Revenue: ฿79.7b (down 2.2% from 1Q 2023). Net income: ฿1.54b (up 414% from 1Q 2023). Profit margin: 1.9% (up from 0.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Aankondiging • May 06
IRPC Public Company Limited to Report Q1, 2024 Results on May 07, 2024 IRPC Public Company Limited announced that they will report Q1, 2024 results on May 07, 2024 Aankondiging • Apr 06
IRPC Public Company Limited Approves Dividend for the Year 2023 IRPC Public Company Limited Approved the dividend payment of the Company's 2023 operating results at the rate of THB 0.03 per share, amounting to approximate 613 million Baht. The dividend will be paid from the unappropriated retained earnings as of December 31, 2022, which can be classified into 3 parts as follows: (1) The amount of THB 0.01 per share is paid from the tax exemption retained earnings, according to Board of Investment (BOI) privilege; therefore, individual shareholder is not subjected to withholding tax and not entitled to a tax credit for this portion. (2) The amount of THB 0.01 per share is paid from the retained earning with 20% corporate income tax; therefore, individual shareholder is subjected to 10% withholding tax. This portion of dividend can be credited (3) The amount of THB 0.01 per share is paid from the retained earnings with was not subjected to corporate income tax due to the tax losses offset; therefore, individual shareholder is subjected to 10% withholding tax and not entitled to a tax credit for this portion. The dividends will be paid on April 26, 2024, to rightful shareholders whose names were recorded on February 28, 2024 (Record Date). Aankondiging • Apr 05
Irpc Public Company Limited Announces Board Changes IRPC Public Company Limited informed that the Board of Directors, at the meeting no. 4/2024 on 5 April 2024 resolved to appoint Mr. Bundhit Eua-arporn, to be an Independent Director of the Board in replacement of Mr. Siri Jirapongphan, the resigned director. The appointments is effective from April 6, 2024 onwards. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to ฿1.91. The fair value is estimated to be ฿2.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 65%. Aankondiging • Mar 21
IRPC Public Company Limited Resolves to Elect Siriwan Chierapong, Independent Director, as Vice Chairman IRPC Public Company Limited at its board meeting held on 19 March 2024 resolved to elect Ms. Siriwan Chierapong, Independent Director, as Vice Chairman of the Board. Effective from 19 March 2024 onwards. Buy Or Sell Opportunity • Mar 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to ฿1.92. The fair value is estimated to be ฿2.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 65%. Buy Or Sell Opportunity • Mar 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to ฿1.92. The fair value is estimated to be ฿2.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 65%. Upcoming Dividend • Feb 20
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 26 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (6.6%). Lower than average of industry peers (6.1%). Declared Dividend • Feb 18
Dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 27th February 2024 Payment date: 26th April 2024 Dividend yield will be 1.5%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: ฿0.14 loss per share (improved from ฿0.21 loss in FY 2022). Revenue: ฿319.9b (down 1.5% from FY 2022). Net loss: ฿2.92b (loss narrowed 33% from FY 2022). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to fall by 4.7% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 13
Irpc Public Company Limited Proposes Dividend Payment for the 2023, Payable on April 28, 2024 IRPC Public Company Limited at its Board meeting held on February 13, 2024, Approved to propose to the 2024 Annual General Meeting of Shareholders (AGM), approving the dividend payment for the 2023 operating results at THB 0.03 per share or approximately 613 million baht. Such dividends will be paid to the shareholders whose names appear in the list as of the record date for determining the names of shareholders entitled to receive dividends (Record Date) on February 28, 2024 . The dividend payment, for operating results, will be made on April 28, 2024. (The entitlement of such dividends still subjects to the approval of the AGM). Aankondiging • Dec 28
IRPC Public Company Limited Announces Demise of Supot Laosuarpha, Director and Chairman of the Corporate Governance and Sustainability Committee IRPC Public Company Limited announced that Mr. Supot Laosuarpha, Director and Chairman of the Corporate Governance and Sustainability Committee, passed away on 26 December 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.12 (vs ฿0.13 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.12 (up from ฿0.13 loss in 3Q 2022). Revenue: ฿81.9b (down 8.4% from 3Q 2022). Net income: ฿2.44b (up ฿4.99b from 3Q 2022). Profit margin: 3.0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to fall by 3.1% p.a. on average during the next 3 years compared to a 5.3% decline forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 01
IRPC Public Company Limited to Report Q3, 2023 Results on Nov 08, 2023 IRPC Public Company Limited announced that they will report Q3, 2023 results on Nov 08, 2023 Price Target Changed • Sep 14
Price target decreased by 7.2% to ฿2.40 Down from ฿2.59, the current price target is an average from 15 analysts. New target price is 10% above last closing price of ฿2.18. Stock is down 34% over the past year. The company is forecast to post earnings per share of ฿0.084 next year compared to a net loss per share of ฿0.21 last year. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2023 results: ฿0.11 loss per share (down from ฿0.19 profit in 2Q 2022). Revenue: ฿77.3b (down 22% from 2Q 2022). Net loss: ฿2.25b (down 159% from profit in 2Q 2022). Revenue is expected to fall by 3.4% p.a. on average during the next 3 years compared to a 5.5% decline forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Aankondiging • Jul 12
IRPC Public Company Limited to Report Q2, 2023 Results on Aug 09, 2023 IRPC Public Company Limited announced that they will report Q2, 2023 results on Aug 09, 2023 Price Target Changed • Jun 29
Price target decreased by 7.1% to ฿2.59 Down from ฿2.79, the current price target is an average from 16 analysts. New target price is 17% above last closing price of ฿2.22. Stock is down 31% over the past year. The company is forecast to post earnings per share of ฿0.16 next year compared to a net loss per share of ฿0.21 last year. Aankondiging • Jun 20
IRPC Public Company Limited Announces Appointment of Sustainability Committee IRPC Public Company Limited ("the Company") announced that the Board of Directors at the meeting No. 7/2023 on 19 June 2023 resolved to approve the appointment of the Sustainability Committee by merging with the "Corporate Governance Committee" and changed its name to the "Corporate Governance and Sustainability Committee", effective from 19 June 2023 onwards. The Corporate Governance and Sustainability Committee consists of 3 members as follows: Mr. Supot Laosuarpha: Chairman of the Committee. Mr. Chaiyaporn Puprasert (Independent Director): Member of the Committee. Ms. Pranot Tirasai: Member of the Committee. Upcoming Dividend • Feb 14
Upcoming dividend of ฿0.03 per share at 2.2% yield Eligible shareholders must have bought the stock before 21 February 2023. Payment date: 26 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.4%). Lower than average of industry peers (6.1%). Reported Earnings • Feb 10
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: ฿0.21 loss per share (down from ฿0.71 profit in FY 2021). Revenue: ฿326.3b (up 28% from FY 2021). Net loss: ฿4.36b (down 130% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 7.1% decline forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
IRPC Public Company Limited, Annual General Meeting, Apr 05, 2023 IRPC Public Company Limited, Annual General Meeting, Apr 05, 2023, at 09:30 SE Asia Standard Time. Aankondiging • Feb 04
IRPC Public Company Limited to Report Q4, 2022 Results on Feb 07, 2023 IRPC Public Company Limited announced that they will report Q4, 2022 results at 4:45 PM, SE Asia Standard Time on Feb 07, 2023 Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ฿0.17 to ฿0.13. Revenue forecast unchanged from ฿317.7b at last update. Net income forecast to shrink 22% next year vs 2.8% decline forecast for Oil and Gas industry in Thailand. Consensus price target broadly unchanged at ฿3.19. Share price rose 3.3% to ฿3.16 over the past week. Aankondiging • Jan 05
IRPC Public Company Limited(SET:IRPC) dropped from SET 50 Index IRPC Public Company Limited removed from SET 50 Index Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿328.3b to ฿316.7b. EPS estimate also fell from ฿0.31 per share to ฿0.24 per share. Net income forecast to shrink 1.7% next year vs 2.5% growth forecast for Oil and Gas industry in Thailand . Consensus price target broadly unchanged at ฿3.39. Share price was steady at ฿3.02 over the past week. Reported Earnings • Nov 09
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ฿0.12 loss per share (down from ฿0.11 profit in 3Q 2021). Revenue: ฿89.7b (up 34% from 3Q 2021). Net loss: ฿2.55b (down 218% from profit in 3Q 2021). Revenue is expected to fall by 7.5% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Oil and Gas industry in Thailand. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 27
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 19 October 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Within top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.3%). Reported Earnings • Aug 13
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ฿0.19 (down from ฿0.22 in 2Q 2021). Revenue: ฿99.4b (up 60% from 2Q 2021). Net income: ฿3.83b (down 16% from 2Q 2021). Profit margin: 3.9% (down from 7.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 5.9% compared to a 5.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ฿0.23 to ฿0.27. Revenue forecast steady at ฿311.5b. Net income forecast to shrink 47% next year vs 10% growth forecast for Oil and Gas industry in Thailand . Consensus price target of ฿3.58 unchanged from last update. Share price was steady at ฿3.18 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ฿0.07 (down from ฿0.27 in 1Q 2021). Revenue: ฿79.4b (up 48% from 1Q 2021). Net income: ฿1.50b (down 73% from 1Q 2021). Profit margin: 1.9% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.5%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Price Target Changed • May 12
Price target decreased to ฿3.58 Down from ฿3.94, the current price target is an average from 18 analysts. New target price is 16% above last closing price of ฿3.08. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.25 for next year compared to ฿0.71 last year. Upcoming Dividend • Feb 15
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 22 February 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.5%). Reported Earnings • Feb 09
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.71 (up from ฿0.30 loss in FY 2020). Revenue: ฿255.1b (up 46% from FY 2020). Net income: ฿14.5b (up ฿20.7b from FY 2020). Profit margin: 5.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 3.6% compared to a 19% growth forecast for the oil industry in Thailand. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.08 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿67.0b (up 55% from 3Q 2020). Net income: ฿2.16b (up 39% from 3Q 2020). Profit margin: 3.2% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 31
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 23 September 2021. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.22 (vs ฿0.02 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿62.0b (up 75% from 2Q 2020). Net income: ฿4.57b (up ฿4.99b from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 11
Consensus EPS estimates increase to ฿0.51 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ฿222.9b to ฿240.3b. EPS estimate increased from ฿0.34 to ฿0.51 per share. Net income forecast to grow 14% next year vs 8.4% decline forecast for Oil and Gas industry in Thailand. Consensus price target broadly unchanged at ฿4.17. Share price was steady at ฿3.60 over the past week. Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.29 to ฿0.34. Revenue forecast steady at ฿222.9b. Net income forecast to shrink 16% next year vs 8.2% decline forecast for Oil and Gas industry in Thailand. Consensus price target broadly unchanged at ฿4.22. Share price was steady at ฿3.52 over the past week. Major Estimate Revision • Jun 07
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿0.26 to ฿0.29. Revenue forecast steady at ฿223.0b. Net income forecast to shrink 23% next year vs 2.7% decline forecast for Oil and Gas industry in Thailand. Consensus price target of ฿4.25 unchanged from last update. Share price was steady at ฿4.10 over the past week. Price Target Changed • May 20
Price target increased to ฿4.24 Up from ฿3.96, the current price target is an average from 17 analysts. New target price is 7.7% above last closing price of ฿3.94. Stock is up 36% over the past year. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ฿0.27 (vs ฿0.44 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿53.6b (up 9.7% from 1Q 2020). Net income: ฿5.58b (up ฿14.5b from 1Q 2020). Profit margin: 10% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Executive Departure • May 13
Director has left the company On the 1st of May, Wattanapong Kurovat's tenure as Director ended after less than a year in the role. We don't have any record of a personal shareholding under Wattanapong's name. A total of 6 executives have left over the last 12 months.