PTG Energy Management

Management criteria checks 2/4

PTG Energy's CEO is Pitak Ratchakitprakarn, appointed in Mar 2006, has a tenure of 19.17 years. directly owns 4.54% of the company’s shares, worth THB549.70M. The average tenure of the management team and the board of directors is 0.8 years and 6.3 years respectively.

Key information

Pitak Ratchakitprakarn

Chief executive officer

฿1.8m

Total compensation

CEO salary percentage	n/a
CEO tenure	19.2yrs
CEO ownership	4.5%
Management average tenure	less than a year
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO

Pitak Ratchakitprakarn (59 yo)

19.2yrs

Tenure

฿1,838,845

Compensation

Mr. Pitak Ratchakitprakarn has been the Chief Executive Officer at PTG Energy Public Company Limited since March 01, 2006 and serves its Managing Director since April 2025 and served its President since Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pitak Ratchakitprakarn	MD, CEO & Executive Director	19.2yrs	฿1.84m	4.54% THB 549.7m
Pongsak Vachirasakpanich	Executive Director	no data	฿2.08m	8.6% THB 1.0b
Rangsun Puangprang	Executive VP	13yrs	฿1.94m	0.16% THB 19.4m
Teeraphan Disayabutara	Chief Finance & Sustainability Officer	less than a year	no data	no data
Suttipong Wannawanit	Chief Operating Officer	less than a year	no data	no data
Rapeepun Saengsanon	Chief Accountant & Director of Accounting	less than a year	no data	no data
Songpon Busparoek	Chief Information Technology Officer	less than a year	no data	no data
Chalong Tiratraipusit	Executive of Corporate Communication	9.6yrs	no data	no data
Promsak Charanakorn	Executive of Customer Relations & Marketing Department	5.8yrs	no data	no data
Winita Sanoi	Chief People & Culture Officer	less than a year	no data	no data
Sukwasa Pooshutvanitshakul	Executive Vice President	5.3yrs	no data	0.23% THB 28.2m
Chaitasn Wanchai	Executive Vice President	less than a year	no data	no data

0.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: PTG's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Pitak Ratchakitprakarn	MD, CEO & Executive Director	22.4yrs	฿1.84m	4.54% THB 549.7m
Pongsak Vachirasakpanich	Executive Director	13.1yrs	฿2.08m	8.6% THB 1.0b
Rangsun Puangprang	Executive VP	19.4yrs	฿1.94m	0.16% THB 19.4m
Teeranun Srihong	Independent Chairman of the Board	3.1yrs	฿1.89m	no data
Supote Pitayapongpat	Independent Director	13yrs	฿1.49m	no data
Krairawee Sirikul	Director	8.4yrs	฿1.68m	no data
Chalermruth Narkvichien	Independent Director	4.1yrs	฿2.06m	no data
Yaowaluk Aramthaveethong	Independent Director	2.1yrs	฿1.92m	0.0027% THB 326.9k
Malinee Sumboonnanondha	Independent Director	less than a year	no data	no data
Shanisit Nitayanurak	Director	less than a year	no data	no data

6.3yrs

Average Tenure

59yo

Average Age

Experienced Board: PTG's board of directors are considered experienced (6.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/10 04:25
End of Day Share Price	2025/05/09 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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 world class team 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 12 analysts. 6 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
Duladeth Bik	DBS Bank Ltd
null null	DBS Bank Ltd
Siriluck Pinthusoonthorn	Globlex Securities Co. Ltd.

PTG Energy Management

Management criteria checks 2/4

Key information

Recent management updates

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

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

Recent updates

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

Second quarter 2021 earnings released: EPS ฿0.30 (vs ฿0.31 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.12 in 1Q 2020)

Full year 2020 earnings released: EPS ฿1.13 (vs ฿0.94 in FY 2019)

Revenue and earnings beat expectations

New 90-day high: ฿19.70

Price target raised to ฿22.85

New 90-day low: ฿17.00

Revenue and earnings miss expectations

Third quarter 2020 earnings released: EPS ฿0.30

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age