DB:NVAL

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Exploration and Production

Executive Summary

PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally.


Snowflake Analysis

Very undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Exploration and Production's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NVAL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.5%

NVAL

10.0%

DE Oil and Gas

1.5%

DE Market


1 Year Return

-33.3%

NVAL

26.9%

DE Oil and Gas

-0.2%

DE Market

Return vs Industry: NVAL underperformed the German Oil and Gas industry which returned 26% over the past year.

Return vs Market: NVAL underperformed the German Market which returned 0.1% over the past year.


Shareholder returns

NVALIndustryMarket
7 Day-2.5%10.0%1.5%
30 Day0.9%14.8%5.7%
90 Day-24.8%-8.2%-2.7%
1 Year-30.0%-33.3%30.6%26.9%1.5%-0.2%
3 Year17.9%3.6%-2.8%-12.1%-7.1%-14.3%
5 Year4.8%-15.2%158.1%121.4%5.2%-8.3%

Price Volatility Vs. Market

How volatile is Exploration and Production's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Exploration and Production undervalued compared to its fair value and its price relative to the market?

24.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NVAL (€2.36) is trading below our estimate of fair value (€3.2)

Significantly Below Fair Value: NVAL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NVAL is good value based on its PE Ratio (7.6x) compared to the Oil and Gas industry average (7.9x).

PE vs Market: NVAL is good value based on its PE Ratio (7.6x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: NVAL is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: NVAL is good value based on its PB Ratio (0.9x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Exploration and Production forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVAL's forecast earnings growth (10.2% per year) is above the savings rate (0.2%).

Earnings vs Market: NVAL's earnings (10.2% per year) are forecast to grow slower than the German market (21.7% per year).

High Growth Earnings: NVAL's earnings are forecast to grow, but not significantly.

Revenue vs Market: NVAL's revenue (8.3% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: NVAL's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NVAL's Return on Equity is forecast to be low in 3 years time (6.6%).


Next Steps

Past Performance

How has Exploration and Production performed over the past 5 years?

54.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVAL has high quality earnings.

Growing Profit Margin: NVAL's current net profit margins (22%) are higher than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: NVAL's earnings have grown significantly by 54.7% per year over the past 5 years.

Accelerating Growth: NVAL's earnings growth over the past year (31.6%) is below its 5-year average (54.7% per year).

Earnings vs Industry: NVAL earnings growth over the past year (31.6%) exceeded the Oil and Gas industry -8.4%.


Return on Equity

High ROE: NVAL's Return on Equity (12.5%) is considered low.


Next Steps

Financial Health

How is Exploration and Production's financial position?


Financial Position Analysis

Short Term Liabilities: NVAL's short term assets ($5.0B) exceed its short term liabilities ($2.7B).

Long Term Liabilities: NVAL's short term assets ($5.0B) do not cover its long term liabilities ($8.1B).


Debt to Equity History and Analysis

Debt Level: NVAL's debt to equity ratio (24.7%) is considered satisfactory.

Reducing Debt: NVAL's debt to equity ratio has reduced from 33.8% to 24.7% over the past 5 years.

Debt Coverage: NVAL's debt is well covered by operating cash flow (125.2%).

Interest Coverage: NVAL's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Exploration and Production's current dividend yield, its reliability and sustainability?

6.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NVAL's dividend (6.88%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: NVAL's dividend (6.88%) is in the top 25% of dividend payers in the German market (3.94%)


Stability and Growth of Payments

Stable Dividend: NVAL's dividend payments have been volatile in the past 10 years.

Growing Dividend: NVAL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.7%), NVAL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NVAL's dividends in 3 years are forecast to be covered by earnings (56% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Phongsthorn Thavisin (60yo)

1.67yrs

Tenure

US$5,414,426

Compensation

Mr. Phongsthorn Thavisin serves as Director and Chief Executive Officer at PTT Exploration and Production Public Company Limited since October 1, 2018 and its President since January 1, 2019. He served as  ...


Leadership Team

NamePositionTenureCompensationOwnership
Phongsthorn Thavisin
CEO, President & Director1.67yrsUS$5.41mno data
Sumrid Sumneing
Executive Vice President of Finance & Accounting Group1.42yrsno datano data
Kanes Supyaboonrod
Vice President of Governance Compliance & Internal Control Department1.67yrsno datano data
Vuthiphon Thuampoomngam
Executive Vice President of Human Resources0.42yrno datano data
Suchitra Suwansinpan
Executive Vice President9.33yrsno datano data
Prapat Soponpongpipat
Executive Vice President of Geosciences & Exploration Group10.17yrsno datano data
Anun Chonchawalit
Senior Vice President of International Asset10.17yrsno datano data
Chanamas Sasnanand
Senior Vice President of Finance Division2.42yrsno datano data
Sorasan Milindasuta
Senior Vice President of Operations Support Group8.67yrsno datano data
Montri Rawanchaikul
Executive Vice President of Production Asset Group5.42yrsno datano data

3.9yrs

Average Tenure

59yo

Average Age

Experienced Management: NVAL's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Phongsthorn Thavisin
CEO, President & Director1.67yrsUS$5.41mno data
Prajya Phinyawat
Independent Chairman5.75yrsUS$6.77mno data
Achporn Charuchinda
Independent Director7.42yrsUS$6.48mno data
Sethaput Suthiwart-Narueput
Independent Director5.75yrsUS$7.10mno data
Penchun Jarikasem
Independent Director2.33yrsUS$6.00mno data
Pitipan Tepartimargorn
Director4.58yrsUS$6.31mno data
Tanarat Ubol
Independent Director5.75yrsUS$5.88mno data
Nimit Suwannarat
Independent Director5.75yrsUS$5.96mno data
Twarath Sutabutr
Director4.67yrsUS$5.90mno data
Bundhit Eua-Arporn
Independent Director2.83yrsUS$5.76mno data

5.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: NVAL's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PTT Exploration and Production Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PTT Exploration and Production Public Company Limited
  • Ticker: NVAL
  • Exchange: DB
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: ฿344.396b
  • Listing Market Cap: ฿9.778b
  • Shares outstanding: 3.97b
  • Website: https://www.pttep.com

Number of Employees


Location

  • PTT Exploration and Production Public Company Limited
  • 555/1 Energy Complex Building A
  • 6th and 19th–36th Floors
  • Bangkok
  • 10900
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTTEPSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJun 1993
PTTEP-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN MKT)THTHBMar 1994
PTTGDB (Deutsche Boerse AG)THB1(ALIEN MKT)DEEURMar 1994
PEXN.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2001
PTTEP-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBAug 2001
NVALDB (Deutsche Boerse AG)THB1(NVDR)DEEURAug 2001
PTXL.FOTCPK (Pink Sheets LLC)SHS FOREIGN REUSUSDJul 2003

Biography

PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally. It is also involved in gas pipeline transportation business; investment funding; the provision of petroleum technology; and the provision of petroleum products, such as natural gas, crude oil, condensate, naphtha and liquefied petroleum gas. The company was founded in 1985 and is headquartered in Bangkok, Thailand. PTT Exploration and Production Public Company Limited is a subsidiary of PTT Public Company Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 21:50
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.