PTG Energy Management

Management criteria checks 3/4

PTG Energy's CEO is Pitak Ratchakitprakarn, appointed in Mar 2006, has a tenure of 20.5 years. directly owns 4.52% of the company’s shares, worth THB630.38M. The average tenure of the management team and the board of directors is 4.4 years and 3.9 years respectively.

Key information

Pitak Ratchakitprakarn

Chief executive officer

฿1.9m

Total compensation

CEO salary percentage	n/a
CEO tenure	20.5yrs
CEO ownership	4.5%
Management average tenure	4.4yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO

Pitak Ratchakitprakarn (61 yo)

20.5yrs

Tenure

฿1,946,206

Compensation

Mr. Pitak Ratchakitprakarn serves as President of PTG Energy Public Company Limited since June 2025. He has been the Chief Executive Officer at PTG Energy Public Company Limited since March 01, 2006 and se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pitak Ratchakitprakarn	President	20.5yrs	฿1.95m	4.52% THB 630.4m
Rangsun Puangprang	Assistant MD	14.3yrs	฿2.07m	0.16% THB 22.4m
Teeraphan Disayabutara	Chief Finance & Sustainability Officer	1.5yrs	no data	no data
Chaitasn Wanchai	Chief Operating Officer	no data	no data	no data
Chaiwat Lertvanarin	Chief Operating Officer	no data	no data	no data
Sukanya Prakongwittaya	Chief Operating Officer	less than a year	no data	no data
Rapeepun Saengsanon	Chief Accountant & Director of Accounting	1.7yrs	no data	no data
Chattawat Chancharung	Chief Information Technology Officer	less than a year	no data	no data
Poramate Sanguanchokewanich	Head of Investor Relations	no data	no data	no data
Niphitphon Kasemphan	Head of the Compliance	no data	no data	no data
Chalong Tiratraipusit	Executive of Corporate Communication	10.9yrs	no data	no data
Promsak Charanakorn	Executive of Customer Relations & Marketing Department	7.2yrs	no data	no data

4.4yrs

Average Tenure

57yo

Average Age

Experienced Management: PTG's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pitak Ratchakitprakarn	President	23.8yrs	฿1.95m	4.52% THB 630.4m
Rangsun Puangprang	Assistant MD	20.8yrs	฿2.07m	0.16% THB 22.4m
Teeranun Srihong	Independent Chairman of the Board	4.4yrs	฿2.03m	no data
Pongsak Vachirasakpanich	Non-Executive Director	14.4yrs	฿2.19m	8.6% THB 1.2b
Chalermruth Narkvichien	Independent Director	5.4yrs	฿2.20m	no data
Yaowaluk Aramthaveethong	Independent Director	3.4yrs	฿2.34m	0.0027% THB 375.1k
Malinee Sumboonnanondha	Independent Director	1.4yrs	฿953.00k	no data
Shanisit Nitayanurak	Director	1.4yrs	฿446.67k	no data
Pakjira Ratchakitprakarn	Director	less than a year	no data	no data
Supark Prongthura	Independent Director	less than a year	no data	no data

3.9yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PTG's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 12:25
End of Day Share Price	2026/09/21 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	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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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

PTG Energy Public Company Limited is covered by 10 analysts. 8 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
Panuwat Nivedmarintre	Daol Securities (Thailand) Public Company Limited
Duladeth Bik	DBS Bank Ltd
Siriluck Pinthusoonthorn	Globlex Securities Co. Ltd.

PTG Energy Management

Management criteria checks 3/4

Key information

Recent management updates

PTG Energy Public Company Limited Announces Appointment of Chattawat Chancharung to Chief Information Technology Officer, Effective July 1, 2026

Less than half of directors are independent

PTG Energy Public Company Limited Announces Retirement of Mr. Krairawee Sirikul as Director and Member of the Corporate Governance and Sustainability Committee/Member of the Nomination and Remuneration Committee/Member of the Risk Management Committee, Effective April 24, 2026

Less than half of directors are independent

PTG Energy Public Company Limited Announces Chief Finance Officer Changes

PTG Energy Public Company Limited Proposes Retirement of Vuthichai Duangratana, Independent Director and Chairman of the Audit Committee and Chairman of the Nomination and Remuneration Committee, from Office At the End of the Term, Expire Date of 25 April 2025

Recent updates

New major risk - Dividend sustainability

Consensus EPS estimates fall by 13%

Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 10%

PTG Energy Public Company Limited Announces Appointment of Chattawat Chancharung to Chief Information Technology Officer, Effective July 1, 2026

Less than half of directors are independent

First quarter 2026 earnings: EPS and revenues miss analyst expectations

Dividend of ฿0.35 announced

Full year 2025 earnings: EPS misses analyst expectations

PTG Energy Public Company Limited Announces Retirement of Mr. Krairawee Sirikul as Director and Member of the Corporate Governance and Sustainability Committee/Member of the Nomination and Remuneration Committee/Member of the Risk Management Committee, Effective April 24, 2026

Investor sentiment improves as stock rises 19%

Now 22% undervalued

Third quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.04 in 3Q 2024)

Price target increased by 7.3% to ฿9.33

New minor risk - Profit margin trend

Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint

Consensus EPS estimates fall by 12%

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Less than half of directors are independent

PTG Energy Public Company Limited Approves Dividend for the Period from 1 January 2024, to 31 December 2024, Payable on 16 May 2025

PTG Energy Public Company Limited Announces Chief Finance Officer Changes

Final dividend of ฿0.25 announced

New minor risk - Dividend sustainability

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

PTG Energy Public Company Limited Proposes Retirement of Vuthichai Duangratana, Independent Director and Chairman of the Audit Committee and Chairman of the Nomination and Remuneration Committee, from Office At the End of the Term, Expire Date of 25 April 2025

PTG Energy Public Company Limited Appoints Winita Sanoi as Chief People and Culture Officer

PTG Energy Public Company Limited Appoints Danai Laksameethanasan as Chief Data Officer

PTG Energy Public Company Limited Announces Executive Changes

Upcoming dividend of ฿0.10 per share

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 14%

Second quarter 2024 earnings: EPS exceeds analyst expectations

Consensus EPS estimates fall by 19%

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

PTG Energy Public Company Limited Approves the Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024

Upcoming dividend of ฿0.35 per share

Dividend of ฿0.35 announced

PTG Energy Public Company Limited, Annual General Meeting, Apr 26, 2024

Full year 2023 earnings released: EPS: ฿0.57 (vs ฿0.56 in FY 2022)

PTG Energy Public Company Limited Proposes Dividend from 1 January 2023 to 31 December 2023, Payable on May 17, 2024

Price target decreased by 12% to ฿9.74

Price target decreased by 12% to ฿9.74

PTG Energy Public Company Limited Announces Appointment to Investment Committee

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 10%

Price target decreased by 13% to ฿11.48

New major risk - Revenue and earnings growth

Consensus EPS estimates fall by 17%

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 7.9% to ฿14.05

Now 22% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 15%

First quarter 2023 earnings released: EPS: ฿0.17 (vs ฿0.096 in 1Q 2022)

Upcoming dividend of ฿0.20 per share at 2.9% yield

Upcoming dividend of ฿0.20 per share

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

Insufficient new directors

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First quarter 2022 earnings: EPS misses analyst expectations

Insufficient new directors

Consensus EPS estimates fall by 11%

Upcoming dividend of ฿0.25 per share

Full year 2021 earnings: EPS misses analyst expectations

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.30 in 3Q 2020)

Price target decreased to ฿19.91

Price target decreased to ฿20.27