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Gulf Development Public Company LimitedSET:GULF Stock Report

Market Cap ฿900.1b
Share Price
n/a
1Y33.3%
7D-1.2%
1D1.2%
Portfolio Value
​
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Gulf Development Public Company Limited

SET:GULF Stock Report

Market Cap: ฿900.1b

Gulf Development (GULF) Stock Overview

Generates and sells electricity and steam to public and private clients in Thailand and internationally. More details

GULF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Earnings are forecast to grow 6.02% per year

Analysts in good agreement that stock price will rise by 27.1%

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (26.5%) are lower than last year (62.4%)


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Gulf Development Public Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Gulf Development
Historical stock prices
Current Share Price฿61.00
52 Week High฿68.50
52 Week Low฿39.75
Beta0
1 Month Change-6.51%
3 Month Change-4.69%
1 Year Change33.33%
3 Year Changen/a
5 Year Changen/a
Change since IPO25.13%

Recent News & Updates

Recent updates

Shareholder Returns

GULFTH Renewable EnergyTH Market
7D-1.2%-4.2%-3.4%
1Y33.3%26.3%19.2%

Return vs Industry: GULF exceeded the TH Renewable Energy industry which returned 26.3% over the past year.

Return vs Market: GULF exceeded the TH Market which returned 19.2% over the past year.

Price Volatility

Is GULF's price volatile compared to industry and market?
GULF volatility
GULF Average Weekly Movement3.5%
Renewable Energy Industry Average Movement5.2%
Market Average Movement4.0%
10% most volatile stocks in TH Market9.5%
10% least volatile stocks in TH Market2.0%

Stable Share Price: GULF has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: GULF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aSarath Ratanavadiwww.gulf.co.th

Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. The company operates through Power Business, Consulting Business, Infrastructure Business and Satellite and Digital Business segments. It generates electricity through gas-fired, solar, biomass hydroelectric, waste-to-energy, and wind power projects under independent power producers and small power producers.

Gulf Development Public Company Limited Fundamentals Summary

How do Gulf Development's earnings and revenue compare to its market cap?
GULF fundamental statistics
Market cap฿900.13b
Earnings (TTM)฿37.69b
Revenue (TTM)฿142.48b
24.2x
P/E Ratio
6.4x
P/S Ratio

Is GULF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GULF income statement (TTM)
Revenue฿142.48b
Cost of Revenue฿114.07b
Gross Profit฿28.42b
Other Expenses-฿9.27b
Earnings฿37.69b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 18, 2026

Earnings per share (EPS)2.52
Gross Margin19.94%
Net Profit Margin26.45%
Debt/Equity Ratio121.8%

How did GULF perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
55%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 16:20
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Gulf Development Public Company Limited is covered by 30 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Narumon EkasamutBofA Global Research
Suppata SrisukBualuang Securities PCL
Panjapon TaensricharoenBualuang Securities PCL