PTT Global Chemical Future Growth

Future criteria checks 3/6

PTT Global Chemical's revenue is forecast to decline at 0.1% per annum while its annual earnings are expected to grow at 56.4% per year. EPS is expected to grow by 47.4% per annum. Return on equity is forecast to be 5.5% in 3 years.

Key information

56.4%

Earnings growth rate

47.4%

EPS growth rate

Chemicals earnings growth	55.9%
Revenue growth rate	-0.1%
Future return on equity	5.5%
Analyst coverage	Good
Last updated	26 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:PTTGC - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	618,207	15,713	28,457	43,535	8
12/31/2025	628,660	16,557	31,413	46,308	11
12/31/2024	630,822	8,471	27,401	46,101	12
12/31/2023	621,631	999	28,648	48,234	N/A
9/30/2023	584,216	-3,404	14,255	35,400	N/A
6/30/2023	605,679	-18,235	971	23,812	N/A
3/31/2023	655,333	-11,266	-11,668	10,725	N/A
12/31/2022	683,954	-8,752	-24,798	-3,426	N/A
9/30/2022	697,972	-6,183	9,805	28,578	N/A
6/30/2022	628,020	14,227	35,578	51,662	N/A
3/31/2022	543,045	37,884	52,022	65,742	N/A
12/31/2021	468,953	44,982	52,576	68,650	N/A
9/30/2021	416,854	48,139	31,329	49,278	N/A
6/30/2021	380,812	42,043	10,348	29,707	N/A
3/31/2021	338,161	18,679	4,967	29,008	N/A
12/31/2020	329,291	200	-2,914	22,146	N/A
9/30/2020	326,695	-5,831	-9,412	20,704	N/A
6/30/2020	355,505	-4,076	-16,583	21,165	N/A
3/31/2020	393,039	-3,545	-21,284	19,139	N/A
12/31/2019	412,810	11,682	-10,642	30,175	N/A
9/30/2019	456,763	15,370	-7,664	31,447	N/A
6/30/2019	488,338	25,499	16,874	49,371	N/A
3/31/2019	510,526	34,124	22,179	52,711	N/A
12/31/2018	518,655	40,069	24,852	53,629	N/A
9/30/2018	508,509	45,567	36,929	62,285	N/A
6/30/2018	476,320	42,729	32,275	55,310	N/A
3/31/2018	449,996	38,504	37,697	56,756	N/A
12/31/2017	439,921	39,298	45,588	61,955	N/A
9/30/2017	431,217	39,484	N/A	56,981	N/A
6/30/2017	418,136	35,755	N/A	49,229	N/A
3/31/2017	385,682	34,076	N/A	48,977	N/A
12/31/2016	355,524	25,602	N/A	46,566	N/A
9/30/2016	341,565	20,548	N/A	43,443	N/A
6/30/2016	343,768	15,529	N/A	44,499	N/A
3/31/2016	384,827	19,578	N/A	47,634	N/A
12/31/2015	403,440	20,502	N/A	50,822	N/A
9/30/2015	428,665	11,032	N/A	52,044	N/A
6/30/2015	476,137	17,483	N/A	56,838	N/A
3/31/2015	512,327	14,682	N/A	52,176	N/A
12/31/2014	554,695	15,372	N/A	45,955	N/A
9/30/2014	588,174	27,435	N/A	41,863	N/A
6/30/2014	588,548	29,386	N/A	36,592	N/A
3/31/2014	553,118	27,385	N/A	48,552	N/A
12/31/2013	552,881	33,140	N/A	46,205	N/A
9/30/2013	543,290	35,619	N/A	61,575	N/A
6/30/2013	547,599	38,888	N/A	69,600	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTTGC's forecast earnings growth (56.4% per year) is above the savings rate (1.9%).

Earnings vs Market: PTTGC's earnings (56.4% per year) are forecast to grow faster than the TH market (15.2% per year).

High Growth Earnings: PTTGC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PTTGC's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: PTTGC's revenue is forecast to decline over the next 3 years (-0.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PTTGC's Return on Equity is forecast to be low in 3 years time (5.5%).

PTT Global Chemical Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 59%

Consensus EPS estimates fall by 19%, revenue upgraded

Price target decreased by 7.9% to ฿38.44

Price target decreased by 7.1% to ฿49.09

Consensus forecasts updated

Consensus forecasts updated

Recent updates

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)

Director Arawadee Photisaro has left the company

Director Wittawat Svasti-Xuto has left the company

Upcoming dividend of ฿2.00 per share

Consensus forecasts updated

Second quarter 2021 earnings released: EPS ฿5.58 (vs ฿0.37 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿2.16 (vs ฿1.96 loss in 1Q 2020)

Consensus forecasts updated

Consensus forecasts updated

PTT Global Chemical Public Company Limited (SET:PTTGC) made a tender offer to acquire an additional 16.24% stake in Vinythai Public Company Limited (SET:VNT) from a group of shareholders for THB 7.5 billion.

Consensus forecasts updated

Analysts increase EPS estimates to ฿3.50

New 90-day high: ฿67.75

Full year 2020 earnings released: EPS ฿0.044 (vs ฿2.59 in FY 2019)

Earnings beat expectations, revenue disappoints

PTT Global Chemical Public Company Limited, Annual General Meeting, Apr 05, 2021

New 90-day high: ฿64.75

New 90-day high: ฿62.25

New 90-day high: ฿60.25

Price target raised to ฿52.08

New 90-day high: ฿50.50

Third quarter 2020 earnings released: EPS ฿0.20

Revenue beats expectations, earnings disappoint

PTT Global Chemical Public Company Limited to Report Q3, 2020 Results on Nov 09, 2020

PTT Global Chemical Public Company Limited Announces Changes of Executive Vice President of Finance and Accounting