SET:ESSO

Stock Analysis Report

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Executive Summary

Esso (Thailand) Public Company Limited refines and markets petroleum products in Thailand and internationally.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Esso (Thailand)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

29.7%

ESSO

12.8%

TH Oil and Gas

6.5%

TH Market


1 Year Return

-28.7%

ESSO

-19.3%

TH Oil and Gas

-13.2%

TH Market

Return vs Industry: ESSO underperformed the TH Oil and Gas industry which returned -19.3% over the past year.

Return vs Market: ESSO underperformed the TH Market which returned -13.2% over the past year.


Shareholder returns

ESSOIndustryMarket
7 Day29.7%12.8%6.5%
30 Day27.4%15.3%12.1%
90 Day21.0%4.5%5.2%
1 Year-28.7%-28.7%-15.6%-19.3%-9.8%-13.2%
3 Year-26.5%-32.1%5.9%-6.6%-2.9%-12.2%
5 Year19.8%10.8%23.1%-1.7%6.1%-10.3%

Price Volatility Vs. Market

How volatile is Esso (Thailand)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Esso (Thailand) undervalued compared to its fair value and its price relative to the market?

3.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ESSO (฿7.2) is trading below our estimate of fair value (฿7.44)

Significantly Below Fair Value: ESSO is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ESSO is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: ESSO is unprofitable, so we can't compare its PE Ratio to the TH market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ESSO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ESSO is overvalued based on its PB Ratio (1.6x) compared to the TH Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Esso (Thailand) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

88.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESSO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: ESSO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ESSO's is expected to become profitable in the next 3 years.

Revenue vs Market: ESSO's revenue (2.4% per year) is forecast to grow slower than the TH market (9.5% per year).

High Growth Revenue: ESSO's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ESSO's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Esso (Thailand) performed over the past 5 years?

2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESSO is currently unprofitable.

Growing Profit Margin: ESSO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ESSO is unprofitable, but has reduced losses over the past 5 years at a rate of 2% per year.

Accelerating Growth: Unable to compare ESSO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ESSO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (1.5%).


Return on Equity

High ROE: ESSO has a negative Return on Equity (-67.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Esso (Thailand)'s financial position?


Financial Position Analysis

Short Term Liabilities: ESSO's short term assets (฿25.1B) do not cover its short term liabilities (฿38.7B).

Long Term Liabilities: ESSO's short term assets (฿25.1B) exceed its long term liabilities (฿8.7B).


Debt to Equity History and Analysis

Debt Level: ESSO's debt to equity ratio (174%) is considered high.

Reducing Debt: ESSO's debt to equity ratio has reduced from 316.4% to 174% over the past 5 years.

Debt Coverage: ESSO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ESSO's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Esso (Thailand)'s current dividend yield, its reliability and sustainability?

4.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ESSO's dividend (4.17%) is higher than the bottom 25% of dividend payers in the TH market (2.52%).

High Dividend: ESSO's dividend (4.17%) is low compared to the top 25% of dividend payers in the TH market (6.95%).


Stability and Growth of Payments

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

Growing Dividend: ESSO's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ESSO is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ESSO's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Esso (Thailand) has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Pachara Sungkhapan
Controller & Executive Director2yrsno datano data
Ratrimani Pasiphol
Business Services & Tax Manager and Executive Director8.33yrsno data0.00030% ฿74.8k
Suchart Phowatthanasathian
Refinery Manager & Executive Director3.17yrsno datano data
Pajaree Meekangvan
Thailand Lubricants Sales Manager & Executive Director2.58yrsno datano data
Manoch Munjitjuntra
Retail Sales Manager & Executive Director2.58yrsno datano data
Adisak Jangkamolkulchai
Chairman & MD0.17yrno datano data
Jutarat Wareechuensuk
Investor Relations & Planning Manager1.92yrsno datano data
Angsna Pirentorn
Company Secretaryno datano data0.00030% ฿74.8k
Vorraya Kosalathip
Treasurer0.33yrno datano data

2.0yrs

Average Tenure

50yo

Average Age

Experienced Management: ESSO's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pachara Sungkhapan
Controller & Executive Director2yrsno datano data
Ratrimani Pasiphol
Business Services & Tax Manager and Executive Director8.33yrsno data0.00030% ฿74.8k
Suchart Phowatthanasathian
Refinery Manager & Executive Director3.17yrsno datano data
Pajaree Meekangvan
Thailand Lubricants Sales Manager & Executive Director2.58yrsno datano data
Manoch Munjitjuntra
Retail Sales Manager & Executive Director2.58yrsno datano data
Adisak Jangkamolkulchai
Chairman & MD0.17yrno datano data
Chakkrit Parapuntakul
Independent Non-Executive Director2.58yrs฿1.84mno data
Wattana Chantarasorn
Independent Non-Executive Director5.75yrs฿2.30mno data
Prachit Hawat
Independent Non-Executive Director2.58yrs฿2.30mno data
Taweesak Bunluesin
Non-Executive Director2yrsno datano data

2.6yrs

Average Tenure

50.5yo

Average Age

Experienced Board: ESSO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

Esso (Thailand) Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Esso (Thailand) Public Company Limited
  • Ticker: ESSO
  • Exchange: SET
  • Founded: 1894
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ฿24.918b
  • Shares outstanding: 3.46b
  • Website: https://www.esso.co.th

Location

  • Esso (Thailand) Public Company Limited
  • 3195/17-29 Rama IV Road
  • Klong Ton
  • Bangkok
  • 10110
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESSOSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBMay 2008
ESSO-RSET (The Stock Exchange of Thailand)THB4.9338 (NVDR)THTHBMay 2008
JAV2DB (Deutsche Boerse AG)THB4.9338 (NVDR)DEEURMay 2008
JAVDB (Deutsche Boerse AG)THB4.9338 (ALIEN MARKET)DEEURMay 2008

Biography

Esso (Thailand) Public Company Limited refines and markets petroleum products in Thailand and internationally. It operates in two segments, Downstream and Petrochemicals. The company provides refined petroleum products, including motor gasoline, gasohol, diesel, aviation fuels, fuel oil, marine fuels, and LPG products; and other petroleum products comprising mineral and synthetic lubricants under the Mobil brand name, as well as asphalt. It offers its refined petroleum products through a retail network of 580 retail service stations under the Esso brand name; and commercial channel consists of sales to industrial end users and wholesalers, as well as to customers in the aviation and marine industries. The company also produces aromatics in the form of Paraxylene, a feedstock for purified terephthalic acid, as well as used as raw material for producing polyester films, packaging resins, and fabrics. In addition, it provides hydrocarbon solvents, such as hexane, which is used primarily in edible oil seed extractions and as a carrier in petrochemical production; rubber solvents that are used as adhesives and rubber cement for use in the manufacture of tires; white spirits for coating and paint industries; and Exxsol D80 for household, industrial, and metal working applications. Further, the company imports and markets aromatic solvents that are used in the automotive paint coating industry; and sells plasticizer for various applications. Additionally, it leases real estate properties. The company was formerly known as Esso Standard Thailand Co., Ltd. and changed its name to Esso (Thailand) Public Company Limited in 1996. The company was founded in 1894 and is based in Bangkok, Thailand. Esso (Thailand) Public Company Limited is a subsidiary of ExxonMobil Asia Holding Private Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 17:10
End of Day Share Price2020/06/05 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.