Banpu Power Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Issara Niropas

Chief executive officer

฿435.6k

Total compensation

CEO salary percentage	n/a
CEO tenure	3.1yrs
CEO ownership	n/a
Management average tenure	3.1yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO

Issara Niropas (54 yo)

3.1yrs

Tenure

฿435,600

Compensation

Mr. Issara Niropas serves as Chief Executive Officer of Banpu Power Public Company Limited since April 2, 2024 and serves as its Director since April 01, 2024. He serves as Head of Power Business at Banpu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Issara Niropas	CEO & Director	3.1yrs	฿435.60k	no data
Somruedee Chaimongkol	Executive Director	no data	฿580.80k	0.059% THB 20.3m
Voravudhi Linananda	Executive Director	no data	฿580.80k	0.0033% THB 1.1m
Kirana Limpaphayom	Executive Director	1.8yrs	฿580.80k	0.0083% THB 2.9m
Sinon Vongkusolkit	Executive Director	no data	฿435.60k	no data
Teerapat Wongraveekul	Chief Financial Officer	2.6yrs	no data	no data
Saraluck Prateepakornchai	Head of Investor Relations	3.1yrs	no data	no data
Kankhachee Meecharoen	Head of Corporate Communications	1.1yrs	no data	no data
Pilun Pochanart	Senior Vice President of Power Business - China	5.8yrs	no data	no data
Ponpranod Didsayabutra	Senior Vice President of Power Business USA	3.4yrs	no data	no data
Nachanok Trairatwaroon	Head of Internal Audit	3.6yrs	no data	no data
Dechapong Yuwaprecha	Senior Vice President of Strategic Planning & Business Support	1.1yrs	no data	no data

3.1yrs

Average Tenure

54yo

Average Age

Experienced Management: BPP's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Issara Niropas	CEO & Director	1.8yrs	฿435.60k	no data
Somruedee Chaimongkol	Executive Director	16.6yrs	฿580.80k	0.059% THB 20.3m
Voravudhi Linananda	Executive Director	16.6yrs	฿580.80k	0.0033% THB 1.1m
Kirana Limpaphayom	Executive Director	5.3yrs	฿580.80k	0.0083% THB 2.9m
Sinon Vongkusolkit	Executive Director	1.8yrs	฿435.60k	no data
Yokporn Tantisawetrat	Independent Director	10.5yrs	฿3.03m	0.0020% THB 678.5k
Chanin Vongkusolkit	Non-Executive Director	29.2yrs	฿943.80k	0.012% THB 4.1m
Metee Auapinyakul	Non-Executive Director	10.8yrs	฿943.80k	0.015% THB 5.3m
Naris Chaiyasoot	Independent Chairman	10.5yrs	฿3.72m	no data
Kijja Sripatthangkura	Independent Director	3.8yrs	฿2.67m	no data
Patchanita Thamyongkit	Independent Additional Director	4.8yrs	฿3.07m	no data

10.5yrs

Average Tenure

65yo

Average Age

Experienced Board: BPP's board of directors are seasoned and experienced ( 10.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/02 08:21
End of Day Share Price	2026/02/02 00:00
Earnings	2025/09/30
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

Banpu Power Public Company Limited is covered by 10 analysts. 2 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
Suwat Sinsadok	CGS International
Tarun Bhatnagar	HSBC
Sumedh Samant	J.P. Morgan

Banpu Power Management

Management criteria checks 3/4

Key information

Recent management updates

Banpu Power Public Company Limited, Annual General Meeting, Apr 04, 2025

Less than half of directors are independent

Banpu Power Public Company Limited Announces Resignation of Bundhit Eua-Arporn as Director, Effective April 2, 2024

Banpu Power Public Company Limited, Annual General Meeting, Apr 01, 2024

Banpu Power Public Company Limited Announces Chief Financial Officer Changes

Banpu Power Public Company Limited Announces Resignations of Mr. Rawi Corsiri as Director

Recent updates

Investor sentiment deteriorates as stock falls 15%

Consensus revenue estimates increase by 36%

Price target increased by 9.6% to ฿10.00

Banpu Public Company Limited (SET:BANPU) agreed to acquire remaining 21.34% stake in Banpu Power Public Company Limited (SET:BPP) for THB 8.5 billion.

New minor risk - Share price stability

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 21%

First half dividend reduced to ฿0.25

Second quarter 2025 earnings released: EPS: ฿0.42 (vs ฿0.32 in 2Q 2024)

Consensus EPS estimates increase by 17%

New major risk - Dividend sustainability

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ฿0.30 per share

Full year 2024 earnings: EPS and revenues miss analyst expectations

Banpu Power Public Company Limited, Annual General Meeting, Apr 04, 2025

Banpu Power Public Company Limited Proposes Annual Dividend, Payable on 28 April 2025

Price target decreased by 15% to ฿12.30

Third quarter 2024 earnings released: EPS: ฿0.37 (vs ฿0.69 in 3Q 2023)

Consensus revenue estimates increase by 39%, EPS downgraded

Consensus revenue estimates increase by 63%

First half dividend reduced to ฿0.30

Banpu Power Public Company Limited Announces Cash Dividend for the Operating Period from January 01, 2024 to June 30, 2024, Payable on September 24, 2024

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

Price target decreased by 9.6% to ฿15.60

Less than half of directors are independent

Upcoming dividend of ฿0.40 per share

Now 22% overvalued after recent price rise

Banpu Power Public Company Limited Announces Resignation of Bundhit Eua-Arporn as Director, Effective April 2, 2024

Final dividend increased to ฿0.40

Banpu Power Public Company Limited, Annual General Meeting, Apr 01, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

New major risk - Financial position

Upcoming dividend of ฿0.40 per share at 4.7% yield

Banpu Power Public Company Limited Announces Cash Dividend for the Period from January 01, 2023 to June 30, 2023, Payable on September 27, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Banpu Power Public Company Limited Announces Chief Financial Officer Changes

First quarter 2023 earnings released: EPS: ฿0.69 (vs ฿0.96 in 1Q 2022)

Upcoming dividend of ฿0.30 per share at 4.4% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 35%

Third quarter 2022 earnings released: EPS: ฿0.76 (vs ฿0.20 in 3Q 2021)

Consensus revenue estimates increase by 14%

Upcoming dividend of ฿0.40 per share

Banpu Power Public Company Limited Announces Interim Dividend from January 1, 2022 to June 30, 2022, Payable on 26 September 2022

Second quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.37 in 2Q 2021)

Consensus forecasts updated

Consensus forecasts updated

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

Banpu Power Public Company Limited Approves Annual Dividend for the Period Ended 31 December 2021, Payable on 27 April 2022

Upcoming dividend of ฿0.35 per share

Banpu Power Public Company Limited Announces Resignations of Mr. Rawi Corsiri as Director

Consensus forecasts updated

Price target decreased to ฿19.28

Banpu Power Public Company Limited, Annual General Meeting, Apr 01, 2022

Banpu Power Public Company Limited Proposes Annual Dividend for the Period ended 31 December 2021, Payable on 27 April 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.28 in 3Q 2020)

Upcoming dividend of ฿0.30 per share

Second quarter 2021 earnings released: EPS ฿0.37 (vs ฿0.22 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.32 in 1Q 2020)

Upcoming dividend of ฿0.35 per share

Earnings beat expectations, revenue disappoints

Full year 2020 earnings released: EPS ฿1.21 (vs ฿0.97 in FY 2019)

Banpu Power Public Company Limited, Annual General Meeting, Apr 02, 2021

Investor sentiment improved over the past week

New 90-day high: ฿17.50

Price target raised to ฿19.06