Gulf Energy Development Past Earnings Performance

Past criteria checks 4/6

Gulf Energy Development has been growing earnings at an average annual rate of 32.6%, while the Renewable Energy industry saw earnings growing at 9% annually. Revenues have been growing at an average rate of 33.3% per year. Gulf Energy Development's return on equity is 17.1%, and it has net margins of 15.7%.

Key information

32.6%

Earnings growth rate

31.1%

EPS growth rate

Renewable Energy Industry Growth	12.6%
Revenue growth rate	33.3%
Return on equity	17.1%
Net Margin	15.7%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Gulf Energy Development makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SGX:TGED Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	121,307	19,032	4,037
30 Jun 24	118,276	16,363	3,925
31 Mar 24	119,241	14,506	3,946
31 Dec 23	114,054	14,858	3,915
30 Sep 23	113,277	15,501	3,621
30 Jun 23	109,489	13,227	3,432
31 Mar 23	99,936	11,873	3,145
31 Dec 22	94,151	11,418	2,955
30 Sep 22	82,550	9,055	2,526
30 Jun 22	70,822	9,557	2,472
31 Mar 22	59,060	9,433	2,365
31 Dec 21	47,467	7,670	2,297
30 Sep 21	41,525	6,471	2,519
30 Jun 21	37,499	5,853	2,358
31 Mar 21	34,030	6,328	2,205
31 Dec 20	32,863	4,282	2,116
30 Sep 20	31,522	3,343	1,758
30 Jun 20	31,983	3,458	1,710
31 Mar 20	31,354	3,181	1,741
31 Dec 19	30,040	4,887	1,713
30 Sep 19	27,304	4,535	1,615
30 Jun 19	23,424	4,654	1,639
31 Mar 19	20,300	2,613	1,625
31 Dec 18	17,181	3,028	1,490
30 Sep 18	14,301	3,457	1,309
30 Jun 18	11,353	2,927	1,115
31 Mar 18	7,742	4,052	1,050
31 Dec 17	4,350	3,451	957
30 Sep 17	2,048	2,329	991
30 Jun 17	605	2,261	860
31 Mar 17	242	1,389	655
31 Dec 16	241	418	594
31 Dec 15	687	-811	824
31 Dec 14	773	-431	619

Quality Earnings: TGED has high quality earnings.

Growing Profit Margin: TGED's current net profit margins (15.7%) are higher than last year (13.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TGED's earnings have grown significantly by 32.6% per year over the past 5 years.

Accelerating Growth: TGED's earnings growth over the past year (22.8%) is below its 5-year average (32.6% per year).

Earnings vs Industry: TGED earnings growth over the past year (22.8%) exceeded the Renewable Energy industry 2%.

Return on Equity

High ROE: TGED's Return on Equity (17.1%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 19:55
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gulf Energy Development Public Company Limited is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kijapat Wongmetta	Bualuang Securities PCL
Suppata Srisuk	Bualuang Securities PCL
Suwat Sinsadok	CGS International