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Updated 5h ago
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Star Petroleum Refining Public Company LimitedSET:SPRC Stock Report

Market Cap ฿58.1b
Updated 5h ago
Share Price
n/a
1Y167.3%
7D3.1%
1D0.7%
Portfolio Value
​
View

Star Petroleum Refining Public Company Limited

SET:SPRC Stock Report

Market Cap: ฿58.1b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Star Petroleum Refining (SPRC) Stock Overview

Engages in refinery and petroleum product distribution in Thailand and internationally. More details

SPRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 11.2% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 49.8% per year for the next 3 years

Unstable dividend track record

Volatile share price over the past 3 months compared to the TH market


SPRC Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystHighTarget
24.4% undervalued intrinsic discount
AnalystHighTarget
•23d ago

Integrated Refining And Retail Expansion Will Support Stronger Long Term Earnings Resilience

18
0
0
AN
AnalystConsensusTarget
33.2% overvalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Light Crude Shift And Domestic Focus Will Support Stronger Refining Margins Over Time

21
0
1
AN
AnalystLowTarget
14.4% overvalued intrinsic discount
AnalystLowTarget
•9d ago

Domestic Margins And Light Crude Project Will Shape Future Earnings Amid Refining Headwinds

11
0
2

Top Analyst Narratives

AN
AnalystHighTarget
24.4% undervalued intrinsic discount
AnalystHighTarget
•23d ago

Integrated Refining And Retail Expansion Will Support Stronger Long Term Earnings Resilience

18
0
0
AN
AnalystConsensusTarget
33.2% overvalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Light Crude Shift And Domestic Focus Will Support Stronger Refining Margins Over Time

21
0
1
AN
AnalystLowTarget
14.4% overvalued intrinsic discount
AnalystLowTarget
•9d ago

Domestic Margins And Light Crude Project Will Shape Future Earnings Amid Refining Headwinds

11
0
2
View all narratives

Star Petroleum Refining Public Company Limited Competitors

IRPC

Symbol: SET:IRPC
Market cap: ฿59.2b

Bangchak Corporation

Symbol: SET:BCP
Market cap: ฿83.0b

Thai Oil

Symbol: SET:TOP
Market cap: ฿146.9b

BBGI

Symbol: SET:BBGI
Market cap: ฿9.1b

Price History & Performance

Summary of share price highs, lows and changes for Star Petroleum Refining
Historical stock prices
Current Share Price฿13.50
52 Week High฿14.30
52 Week Low฿4.28
Beta0.33
1 Month Change18.42%
3 Month Change95.65%
1 Year Change167.33%
3 Year Change50.84%
5 Year Change51.69%
Change since IPO68.75%

Recent News & Updates

User avatar
Narrative Update • Sep 04

SPRC: Interim Dividend Will Contrast With Weaker Margins And Overstretched Earnings Multiple

Analysts have raised their price target for Star Petroleum Refining to THB 11.8 from THB 6.7, citing updated assumptions around revenue trends, margins and a higher future P/E multiple. What’s in the News for Star Petroleum Refining Board meeting scheduled for August 14, 2026 to consider and approve an interim dividend payment to shareholders.
User avatar
Narrative Update • Aug 21

SPRC: Interim Dividend Decision Will Support Higher Future Earnings Multiple

Analysts have raised their fair value estimate for Star Petroleum Refining from THB 12.90 to THB 17.85, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Star Petroleum Refining Star Petroleum Refining has scheduled a board meeting on Aug.

Recent updates

User avatar
Narrative Update • Sep 04

SPRC: Interim Dividend Will Contrast With Weaker Margins And Overstretched Earnings Multiple

Analysts have raised their price target for Star Petroleum Refining to THB 11.8 from THB 6.7, citing updated assumptions around revenue trends, margins and a higher future P/E multiple. What’s in the News for Star Petroleum Refining Board meeting scheduled for August 14, 2026 to consider and approve an interim dividend payment to shareholders.
User avatar
Narrative Update • Aug 21

SPRC: Interim Dividend Decision Will Support Higher Future Earnings Multiple

Analysts have raised their fair value estimate for Star Petroleum Refining from THB 12.90 to THB 17.85, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Star Petroleum Refining Star Petroleum Refining has scheduled a board meeting on Aug.
User avatar
Narrative Update • Aug 07

SPRC: Higher Fair Value, Governance Changes And Profitability Assumptions Will Shape Outlook

Analysts have lifted their price target for Star Petroleum Refining to THB10.14 from THB8.49, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News for Star Petroleum Refining Star Petroleum Refining Public Company Limited scheduled a board meeting for May 14, 2026.
User avatar
Narrative Update • Jul 24

SPRC: Future Board Changes Will Support Higher Earnings Multiple

Analysts have raised their fair value estimate for Star Petroleum Refining from THB8.70 to THB12.90, citing updated assumptions for revenue growth, profit margins and the company’s future P/E profile. What's in the News Star Petroleum Refining has scheduled a board meeting for May 14, 2026, according to company disclosures.
User avatar
Narrative Update • Jul 10

SPRC: Higher Fair Value And Board Changes Will Shape Balanced Outlook

Analysts have lifted their price target for Star Petroleum Refining to THB8.49 from THB7.01, citing updated assumptions on revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What’s in the News for Star Petroleum Refining Star Petroleum Refining has scheduled a Board Meeting for May 14, 2026.
User avatar
Narrative Update • Jun 26

SPRC: Dividend Payout And Governance Changes Will Shape Balanced Outlook

Analysts have adjusted their fair value estimate for Star Petroleum Refining from THB5.27 to THB6.70, citing updated views on revenue trends, profit margins, discount rate assumptions, and a higher forward P/E multiple. What's in the News for Star Petroleum Refining At the annual general meeting on 10 April 2026, shareholders approved a 2025 annual dividend of US$62,203,107, equal to THB0.45 per share.
User avatar
New Narrative • Jan 24

Integrated Refining And Retail Expansion Will Support Stronger Long Term Earnings Resilience

Catalysts About Star Petroleum Refining Star Petroleum Refining operates a refinery and integrated marketing business focused on supplying transport fuels and related products in Thailand and the broader region. What are the underlying business or industry changes driving this perspective?

Shareholder Returns

SPRCTH Oil and GasTH Market
7D3.1%1.6%0.6%
1Y167.3%36.6%23.7%

Return vs Industry: SPRC exceeded the TH Oil and Gas industry which returned 36.6% over the past year.

Return vs Market: SPRC exceeded the TH Market which returned 23.7% over the past year.

Price Volatility

Is SPRC's price volatile compared to industry and market?
SPRC volatility
SPRC Average Weekly Movement6.4%
Oil and Gas Industry Average Movement4.3%
Market Average Movement4.0%
10% most volatile stocks in TH Market9.4%
10% least volatile stocks in TH Market2.0%

Stable Share Price: SPRC's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: SPRC's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
1992n/aHerbert Paynewww.sprc.co.th

Star Petroleum Refining Public Company Limited engages in refinery and petroleum product distribution in Thailand and internationally. It offers petroleum products, including liquefied petroleum gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and other products. The company also distributes various fuels, including premium and regular diesel, gasohol, unleaded gasoline, commercial and industrial fuels, and aviation fuel under the Caltex brand name.

Star Petroleum Refining Public Company Limited Fundamentals Summary

How do Star Petroleum Refining's earnings and revenue compare to its market cap?
SPRC fundamental statistics
Market cap฿58.10b
Earnings (TTM)฿16.95b
Revenue (TTM)฿254.48b
3.5x
P/E Ratio
0.2x
P/S Ratio

Is SPRC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPRC income statement (TTM)
Revenue฿254.48b
Cost of Revenue฿230.88b
Gross Profit฿23.60b
Other Expenses฿6.65b
Earnings฿16.95b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 16, 2026

Earnings per share (EPS)3.91
Gross Margin9.28%
Net Profit Margin6.66%
Debt/Equity Ratio5.4%

How did SPRC perform over the long term?

See historical performance and comparison

Dividends

7.4%
Current Dividend Yield
20%
Payout Ratio

Does SPRC pay a reliable dividends?

See SPRC dividend history and benchmarks
When do you need to buy SPRC by to receive an upcoming dividend?
Star Petroleum Refining dividend dates
Ex Dividend DateAug 28 2026
Dividend Pay DateSep 14 2026
Days until Ex dividend18 days
Days until Dividend pay date1 day

Does SPRC pay a reliable dividends?

See SPRC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 11:42
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 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 Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the 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 Github.

Analyst Sources

Star Petroleum Refining Public Company Limited is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Komsun SuksumrunBofA Global Research
Suppata SrisukBualuang Securities PCL
Amornrat CheevavichawalkulCGS International

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