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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 Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Herbert Payne

Chief executive officer

฿3.1m

Total compensation

CEO salary percentagen/a
CEO tenure1.2yrs
CEO ownershipn/a
Management average tenure4.6yrs
Board average tenure3.4yrs

Recent management updates

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?

CEO

Herbert Payne

1.2yrs
Tenure
฿3,120,000
Compensation

Mr. Herbert Matthew Payne, II, is CEO of Star Petroleum Refining Public Company Limited from July 1, 2025 and as its Director from April 05, 2023. His working experience in past certain years 2022 – Presen...


Leadership Team

NamePositionTenureCompensationOwnership
Herbert Payne
CEO & Director1.2yrs฿3.12mno data
Nutsara Somkiatweera
Chief Financial Officer4.6yrsno datano data
Steven Gibson
Deputy Chief Executive Officer of Operations13.3yrsno datano data
Suttanuch Kittipongvises
Chief Accountant1.7yrsno datano data
Konlayuth Chotepatana
Manager of Technology & Engineeringno datano datano data
Nattawan Khumwiwat
Corporate Legal Counsel12.8yrsno datano data
Jariya Wuensche
Acting Manager of Human Resources4.6yrsno datano data
Sakchai Thamsuruk
Manager of Supply & Planning17.5yrsno datano data
4.6yrs
Average Tenure
55yo
Average Age

Experienced Management: SPRC's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Herbert Payne
CEO & Director3.4yrs฿3.12mno data
Kamonwan Wipulakorn
Independent Director7.4yrs฿2.38mno data
Ranga Rama Sreeramagiri
Non-Executive Director4.8yrs฿2.02mno data
Robert Guthrie
Independent Director14.3yrs฿2.12mno data
Brant Fish
Chairman of the Board of Directors7.3yrs฿2.46mno data
Panun Prachuabmoh
Independent Director1.4yrs฿1.56mno data
Tat Law
Director1.2yrs฿930.00kno data
Chiew Chang
Directorless than a yearno datano data
Tanawong Areeratchakul
Independent Directorless than a yearno datano data
3.4yrs
Average Tenure
63.5yo
Average Age

Experienced Board: SPRC's board of directors are considered experienced (3.4 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 21:32
End of Day Share Price 2026/09/11 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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