How does PTTGC's PS Ratio compare to its peers?

PTTGC is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1x).

How does PTTGC's PS Ratio compare vs other companies in the TH Chemicals Industry?

PTTGC is good value based on its Price-To-Sales Ratio (0.2x) compared to the TH Chemicals industry average (0.6x).

What is PTTGC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PTTGC is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

What is the Fair Price of PTTGC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PTTGC (THB25.75) is trading below our estimate of [[fair value]] (THB51.09)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

PTT Global Chemical (SET:PTTGC) - Stock Price, News & Analysis

PTTGC Stock Overview

Operates as a chemical company in Thailand and internationally. More details

PTTGC fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 49.6% below our estimate of its fair value

Earnings are forecast to grow 108.31% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

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

Dividend of 2.91% is not well covered by earnings

PTT Global Chemical Public Company Limited Competitors

Indorama Ventures

SET:IVL

฿144.6b

TOA Paint (Thailand)

SET:TOA

฿33.0b

Birla Carbon (Thailand)

SET:BCT

฿20.6b

Eastern Polymer Group

SET:EPG

฿11.6b

Price History & Performance

Summary of all time highs, changes and price drops for PTT Global Chemical
Historical stock prices
Current Share Price	฿25.75
52 Week High	฿41.25
52 Week Low	฿22.80
Beta	1.4
11 Month Change	7.74%
3 Month Change	1.98%
1 Year Change	-31.79%
33 Year Change	-55.79%
5 Year Change	-52.09%
Change since IPO	-52.31%

Recent updates

Shareholder Returns

	PTTGC	TH Chemicals	TH Market
7D	6.8%	2.1%	0.3%
1Y	-31.8%	-15.9%	3.2%

Return vs Industry: PTTGC underperformed the TH Chemicals industry which returned -15.9% over the past year.

Return vs Market: PTTGC underperformed the TH Market which returned 3.2% over the past year.

Price Volatility

Is PTTGC's price volatile compared to industry and market?
PTTGC volatility
PTTGC Average Weekly Movement	7.2%
Chemicals Industry Average Movement	5.3%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	10.0%
10% least volatile stocks in TH Market	2.4%

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

Volatility Over Time: PTTGC's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

Founded	Employees	CEO	Website
2011	11,518	Narongsak Jivakanun	www.pttgcgroup.com

PTT Global Chemical Public Company Limited operates as a chemical company in Thailand and internationally. It operates through 6 segments: Upstream, Intermediates, Polymers and Chemicals, Bio and Circularity, Performance Chemicals, and Service and Others. The company offers refinery and shared facilities, which includes liquefied petroleum gas, light naphtha, reformate, jet fuel, diesel, and fuel oil; aromatics including benzene, toluene, paraxylene, cyclohexane, orthoxylene, and mixed xylenes; and olefins comprising ethylene, propylene, butadiene, and butene.

PTT Global Chemical Public Company Limited Fundamentals Summary

How do PTT Global Chemical's earnings and revenue compare to its market cap?
PTTGC fundamental statistics
Market cap	฿116.10b
Earnings (TTM)	-฿12.99b
Revenue (TTM)	฿639.12b

0.2x

P/S Ratio

-8.9x

P/E Ratio

Is PTTGC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PTTGC income statement (TTM)
Revenue	฿639.12b
Cost of Revenue	฿603.63b
Gross Profit	฿35.49b
Other Expenses	฿48.48b
Earnings	-฿12.99b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-2.88
Gross Margin	5.55%
Net Profit Margin	-2.03%
Debt/Equity Ratio	91.4%

How did PTTGC perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

-26%

Payout Ratio

PTTGC Stock Overview

Rewards

Risk Analysis

PTT Global Chemical Public Company Limited Competitors

SET:IVL

฿144.6b

SET:TOA

฿33.0b

SET:BCT

฿20.6b

SET:EPG

฿11.6b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 45%

Consensus EPS estimates fall by 27%, revenue upgraded

PTT Global Chemical Public Company Limited Announces Resignation of Noppadol Pinsupa, Director and Director to the Risk Management Committe, Effective from October 1, 2024

PTT Global Chemical Public Company Limited Announces Management Changes

Recent updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 45%

Consensus EPS estimates fall by 27%, revenue upgraded

PTT Global Chemical Public Company Limited Announces Resignation of Noppadol Pinsupa, Director and Director to the Risk Management Committe, Effective from October 1, 2024

PTT Global Chemical Public Company Limited Announces Management Changes

PTT Global Chemical Public Company Limited Appoints Nivadee Jaroensitipun as a Director

PTT Global Chemical Public Company Limited Announces Resignation of Cherdchai Boonchoochauy as Director and Director to the Risk Management Committee, Effective from August 19, 2024

Price target decreased by 10% to ฿31.57

Second quarter 2024 earnings released: EPS: ฿0.41 (vs ฿1.24 loss in 2Q 2023)

Consensus EPS estimates fall by 17%

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

First quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.018 profit in 1Q 2023)

PTT Global Chemical Public Company Limited Announces Committee Changes

Now 20% undervalued

Now 20% undervalued

Consensus revenue estimates increase by 59%

Consensus EPS estimates fall by 19%, revenue upgraded

Upcoming dividend of ฿0.75 per share

Dividend of ฿0.75 announced

PTT Global Chemical Public Company Limited, Annual General Meeting, Apr 09, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

PTT Global Chemical Public Company Limited Proposes Dividend for the Year 2023, Payable on April 24, 2024

PTT Global Chemical Public Company Limited Announces Board Changes

PTT Global Chemical Public Company Limited Announces Resignation of Sarawut Kaewtathip, Director and Director to the Risk Management Committee

Wha Venture Holding Company Limited greed to acquire 50% stake in GC Logistics Solutions Company Limited from PTT Global Chemical Public Company Limited (SET:PTTGC).

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Ptt Global Chemical Public Company Limited Approves Executive Changes, Effective November 15, 2023

Price target decreased by 7.9% to ฿38.44

PTT Global Chemical Public Company Limited Approves Board Changes

Ptt Global Chemical Public Company Limited Announces Resignation of Watanan Petersik, Independent Director, Director to the Audit Committee, and Director to the Corporate Governance and Sustainability Committee

PTT Global Chemical Public Company Limited Announces the Resignation of Mr. Apisak Tantivorawong as Independent Director and Chairman of the Audit Committee

PTT Global Chemical Public Company Limited Omits to Pay Interim Dividend for the First Six Months Period of 2023 from January 1, 2023 to June 30, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

PTT Global Chemical Public Company Limited Announces Retirement of Piyasvasti Amranand as Independent Director, Chairman and Chairman of the Independent Director

PTT Global Chemical Public Company Limited Announces Board Changes

Price target decreased by 7.1% to ฿49.09

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ฿0.25 per share at 1.0% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

PTT Global Chemical Public Company Limited Announces Board Changes

PTT Global Chemical Public Company Limited Announces Appointment of Directors and Sub-Committee Members

PTT Global Chemical Public Company Limited Announces Resignation of Disathat Panyarachun as Director and Director to the Risk Management Committee

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

PTT Global Chemical Public Company Limited Announces Board Changes

Consensus forecasts updated

PTT Global Chemical Public Company Limited Announces Resignation of Noppadol Pinsupa as Director and Director to the Corporate Governance and Sustainability Committee, Effective from September 30, 2022

Upcoming dividend of ฿0.75 per share

PTT Global Chemical Public Company Limited Announces Interim Dividend, Payable on September 21, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

PTT Global Chemical Public Company Limited Announces Board Appointment

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

PTT Global Chemical Public Company Limited Announces Board Changes

Upcoming dividend of ฿1.75 per share

PTT Global Chemical Public Company Limited, Annual General Meeting, Apr 04, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿1.56 (vs ฿0.20 in 3Q 2020)