PTT Dividends and Buybacks
Dividend criteria checks 4/6
PTT is a dividend paying company with a current yield of 5% that is well covered by earnings.
Key information
5.0%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 5.1% |
| Future Dividend Yield | 5.3% |
| Dividend Growth | 3.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 28% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Sep 05
PTT: Special Dividend And Robust Cash Generation Will Support Future Upside Potential
Analysts now place PTT's fair value at THB47.0, up from THB46.0. This reflects updated assumptions around discount rate, revenue growth, profit margins and a slightly higher future P/E multiple. What’s in the News for PTT No recent PTT specific news items were available from the provided sources as of 3 September 2026.
Narrative Update • Aug 22
PTT: Dividends And Special Payouts Will Support Fairly Valued Shares
Analysts now set a higher fair value estimate for PTT at THB41.86, up from THB39.52. This is based on revised assumptions that include a lower discount rate and higher future P/E, together with more moderate revenue growth and profit margin expectations.Narrative Update • Aug 08
PTT: Special Dividend And Robust Cash Generation Will Support Future Upside Potential
Analysts have nudged their fair value estimate for PTT slightly higher, lifting the implied price target from THB45.00 to THB46.00. This change reflects updated assumptions on discount rate, revenue growth, profit margin and forward P/E multiples.Narrative Update • Jun 16
PTT: Dividend And Special Payouts Will Support Stock Price Upside
Analysts have nudged their price target for PTT stock higher to THB39.52 from THB38.99, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E multiples in their valuation work. What’s in the News for PTT PTT held a Board meeting on April 10, 2026, with an agenda to appoint specific committee members, indicating upcoming changes in board-level responsibilities.
Narrative Update • Jun 01
PTT: Higher Dividend And Margin Outlook Will Likely Keep Shares Rangebound
Analysts have raised their price target on PTT from THB30.18 to THB35.00, citing updated assumptions that include a revised revenue growth outlook, higher profit margin expectations, a slightly adjusted discount rate, and a higher future P/E multiple. What's in the News PTT approved 2025 net profit allocation and a total dividend of THB 2.30 per share for the 2025 performance, consisting of an annual dividend of THB 2.10 per share and a non recurring special dividend of THB 0.20 per share, based on AGM resolutions on April 10, 2026.Narrative Update • May 14
PTT: Dividend Policy And Revised Assumptions Will Support Steady Outlook
Analysts have raised their price target for PTT to THB39.0 from THB35.2, citing updated assumptions that reflect a revised view on revenue growth, profit margins, the discount rate and future P/E. What's in the News The AGM on April 10, 2026 approved the allocation of 2025 net profit and a total dividend of THB 2.30 per share, including an annual dividend of THB 2.10 and a non recurring special dividend of THB 0.20, with total dividends of about THB 65,361m for 2025 performance (AGM resolution).Narrative Update • Apr 23
PTT: One Off Dividend Payout Will Likely Fail To Support Shares
The analyst price target for PTT has been adjusted slightly higher to THB30.18 from THB29.92. Analysts point to updated assumptions for revenue growth, profit margins and future P/E as the key drivers of this modest change.Narrative Update • Apr 07
PTT: Special Dividend Payout Will Likely Fail To Support Current Pricing
Analysts have slightly raised their fair value estimate for PTT from THB29.55 to THB29.92, reflecting updated views on discount rates, revenue growth assumptions and the expected future P/E. What's in the News PTT has proposed a special dividend of THB 0.20 per share for 2025, citing asset management and free cash flow generation as key supports for this non recurring payout, while aiming to retain liquidity for ongoing operations and future investment plans (Key Developments).Narrative Update • Mar 24
PTT: Special Dividend And Robust Cash Generation Will Support Future Upside Potential
Analysts have kept their fair value estimate for PTT steady at THB 45.00, with only slight tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. This reflects a broadly unchanged view on the stock's long-term outlook.Narrative Update • Mar 10
PTT: Special Dividend And Investment Plan Will Support Future Upside Potential
Analysts have kept their average PTT price target broadly steady at THB 45.0, reflecting updated assumptions of slightly higher revenue growth and discount rate, along with a small adjustment to expected profit margins and future P/E levels. What's in the News PTT has proposed a non recurring special dividend of THB 0.20 per share for 2025, citing successful asset management and free cash flow, with the aim of keeping sufficient liquidity for operations and future investment plans, subject to approval at the AGM on April 10, 2026 (AGM agenda).Narrative Update • Feb 24
PTT: Lower Discount Rate And Higher Margin Assumptions Will Support Upside Potential
Analysts have lifted their price target on PTT from THB40 to THB45, pointing to updated assumptions that reflect a lower discount rate, slightly different revenue growth expectations, a higher profit margin, and a modestly higher future P/E multiple. What's in the News The Board approved holding the 2026 Annual General Meeting of Shareholders on April 10, 2026 at 13:30 via electronic meeting only, in line with Thai regulations on e-meetings, with a Record Date of March 6, 2026 for shareholders entitled to attend and receive dividends, and a planned dividend payment date of April 28, 2026 subject to AGM approval (Board Meeting, Feb 19, 2026).Narrative Update • Feb 10
PTT: Five Year Investment Plan Will Likely Struggle To Justify Current Pricing
Narrative Update on PTT Analysts have lifted their price target for PTT from $29.17 to $29.55, citing modest adjustments to discount rate assumptions, slightly less revenue contraction, a small improvement in expected profit margins, and a marginally lower future P/E multiple. What's in the News A board meeting is scheduled for Nov 13, 2025 to appoint a director to replace a resigning board member, based on a recommendation from the nominating committee (Key Developments).Narrative Update • Jan 25
PTT: Five Year Plan And Governance Changes Will Support Steady Outlook
Analysts have nudged their price target on PTT higher to reflect a fair value of $35.19, with the adjustment tied to modest tweaks in the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations. What's in the News A board meeting on August 21, 2025 will appoint Ms. Piyaporn Thanangteerapong as Company Secretary, replacing Mrs.Narrative Update • Jan 09
PTT: Five Year Investment Plan Will Support Future Upside Potential
Analysts have modestly adjusted their price target on PTT, citing slightly lower revenue growth and profit margin assumptions, along with a small change in the discount rate and a revised future P/E. Together, these factors support a refreshed fair value view near $35.19.Narrative Update • Dec 24
PTT: Long Term Investment Plan And Lower Risk Will Support Steadier Returns
Analysts have raised their price target on PTT by approximately 9 percent to $29.17 per share, citing a lower perceived risk profile, slightly improving revenue trends, and modestly higher expected profit margins that support a richer forward earnings multiple. What's in the News Board meeting on December 18, 2025 to review a five year investment plan for 2026 to 2030 totaling THB 76,572 million for PTT and its wholly owned subsidiaries, signaling continued long term capital spending (company filing) Extraordinary General Meeting of Shareholders of Swap and Go Company Limited on October 27, 2025 approved the dissolution of the 100 percent owned subsidiary, in line with PTT strategy to refocus on core competitiveness and revisit non hydrocarbon businesses (company filing) Board meeting on November 13, 2025 to appoint a director to replace a resigning board member, based on a nomination committee recommendation (company filing) Board meeting on October 28, 2025 to appoint specific committee members and address other governance matters (company filing) Board meeting on October 16, 2025 to update authorized signatories, including designating Mr. Vuttikrai Leewiraphan as an authorized director and confirming new signing arrangements with the company seal (company filing) Valuation Changes The fair value estimate has risen moderately from $26.89 to $29.17 per share, reflecting a higher intrinsic valuation for PTT.Narrative Update • Dec 09
PTT: Share Buyback And Dividend Policy Will Support Future Upside
Analysts have nudged their price target for PTT slightly higher to approximately $35.19 from about $35.03, citing modest improvements in expected revenue growth, profit margins, and a slightly lower projected discount rate and future price to earnings multiple. What's in the News PTT completed a share repurchase program, buying back 238,660,400 shares, or 0.84% of outstanding shares, for THB 7,548.9 million under the buyback announced on March 20, 2025 (Key Developments).Narrative Update • Nov 25
PTT: Share Buyback And Lower Discount Rate Will Support Upside Momentum
Analyst Price Target Update for PTT Analysts have marginally raised their price target for PTT from $34.99 to $35.03. They cite improved revenue growth projections and a slightly lower discount rate as key factors behind the update.Narrative Update • Nov 08
PTT: Reduced Discount Rate And Buyback Are Expected To Drive Upside
Analysts have slightly raised their price target for PTT, increasing it from $34.93 to $34.99. They cite a reduced discount rate and a stable revenue growth outlook as reasons for this change.Narrative Update • Oct 25
Share Buyback and Director Appointments Will Shape Future Competitive Outlook
Analysts have slightly adjusted their price target for PTT, maintaining a fair value of $34.93. Improved discount rates and stable growth forecasts indicate steady expectations for the company's future performance.Narrative Update • Oct 11
LNG And Renewable Energy Investments Will Improve Competitiveness But Face Regulatory Challenges
Analysts have updated their fair value estimate for PTT, raising the price target from $34.27 to $34.93. They cite improvements in profit margin outlook and a modestly lower discount rate, despite reduced revenue growth projections.Narrative Update • Sep 27
LNG And Renewable Energy Investments Will Improve Competitiveness But Face Regulatory Challenges
Despite weaker revenue growth forecasts and a modest increase in future P/E, the consensus analyst price target for PTT edged up marginally from THB33.83 to THB34.27. What's in the News Completed share buyback of 238,660,400 shares (0.84%) for THB 7,548.9 million.Narrative Update • Sep 05
LNG And Renewable Energy Investments Will Improve Competitiveness But Face Regulatory Challenges
PTT’s consensus revenue growth forecast has been revised meaningfully lower, which likely contributed to the marginal decrease in the consensus analyst price target from THB33.94 to THB33.83. What's in the News PTT divested its entire 50.001% indirect stake in Neo Mobility Asia Company Limited to MGC-ASIA Greentech Company Limited for approximately 83 million Baht, aligning with a strategic focus on core business competitiveness and a review of its Non-Hydrocarbon strategy.
New Narrative • Nov 24
Expanding LNG And Renewables Brightens Future Amidst Oversupply And Oil Volatility Challenges
Strategy to expand LNG business and invest in renewable energy could boost revenue and improve net margins through operational synergies and efficiency gains.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PTT's dividend payments have been volatile in the past 10 years.
Growing Dividend: PTT's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| PTT Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PTT) | 5.0% |
| Market Bottom 25% (TH) | 3.1% |
| Market Top 25% (TH) | 7.1% |
| Industry Average (Oil and Gas) | 4.8% |
| Analyst forecast (PTT) (up to 3 years) | 5.3% |
Notable Dividend: PTT's dividend (5%) is higher than the bottom 25% of dividend payers in the TH market (3.14%).
High Dividend: PTT's dividend (5%) is low compared to the top 25% of dividend payers in the TH market (7.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.6%), PTT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72.3%), PTT's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/12 19:56 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
PTT Public Company Limited is covered by 30 analysts. 17 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 |
|---|---|
| Komsun Suksumrun | BofA Global Research |
| Suppata Srisuk | Bualuang Securities PCL |
| Amornrat Cheevavichawalkul | CGS International |