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Esso (Thailand)

DB:JAV2
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JAV2
DB
฿13B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Esso (Thailand) Public Company Limited refines and markets petroleum products in Thailand and internationally. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Esso (Thailand) has significant price volatility in the past 3 months.
JAV2 Share Price and Events
7 Day Returns
7.3%
DB:JAV2
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-67.9%
DB:JAV2
21.9%
DE Oil and Gas
-17.7%
DE Market
JAV2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Esso (Thailand) (JAV2) 7.3% -41% -61.1% -67.9% -69.9% -40.6%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • JAV2 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • JAV2 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
JAV2
Industry
5yr Volatility vs Market

Value

 Is Esso (Thailand) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Esso (Thailand) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Esso (Thailand).

DB:JAV2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:JAV2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 20%) (200.65%))
1.74
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.74 * 7.46%)
12.59%

Discounted Cash Flow Calculation for DB:JAV2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Esso (Thailand) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:JAV2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 12.59%)
2020 6,573.59 Analyst x2 5,838.33
2021 350.67 Analyst x2 276.61
2022 2,729.00 Analyst x2 1,911.89
2023 4,041.78 Est @ 48.11% 2,514.89
2024 5,398.06 Est @ 33.56% 2,983.12
2025 6,659.73 Est @ 23.37% 3,268.71
2026 7,741.52 Est @ 16.24% 3,374.68
2027 8,612.72 Est @ 11.25% 3,334.53
2028 9,281.12 Est @ 7.76% 3,191.40
2029 9,774.45 Est @ 5.32% 2,985.10
Present value of next 10 years cash flows ฿29,679.00
DB:JAV2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿9,774.45 × (1 + -0.39%) ÷ (12.59% – -0.39%)
฿74,990.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿74,990.03 ÷ (1 + 12.59%)10
฿22,901.85
DB:JAV2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿29,679.00 + ฿22,901.85
฿52,580.85
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿52,580.85 / 3,460.86
฿15.19
DB:JAV2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JAV2 represents 0.02448x of SET:ESSO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02448x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 15.19 x 0.02448
€0.37
Value per share (EUR) From above. €0.37
Current discount Discount to share price of €0.10
= -1 x (€0.10 - €0.37) / €0.37
74.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Esso (Thailand) is available for.
Intrinsic value
>50%
Share price is €0.095 vs Future cash flow value of €0.37199
Current Discount Checks
For Esso (Thailand) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Esso (Thailand)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Esso (Thailand)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Esso (Thailand)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Esso (Thailand)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JAV2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿-0.89
SET:ESSO Share Price ** SET (2020-03-30) in THB ฿3.88
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Esso (Thailand).

DB:JAV2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:ESSO Share Price ÷ EPS (both in THB)

= 3.88 ÷ -0.89

-4.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Esso (Thailand) is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Esso (Thailand) is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Esso (Thailand)'s expected growth come at a high price?
Raw Data
DB:JAV2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
81.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Esso (Thailand), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Esso (Thailand)'s assets?
Raw Data
DB:JAV2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿6.39
SET:ESSO Share Price * SET (2020-03-30) in THB ฿3.88
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:JAV2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:ESSO Share Price ÷ Book Value per Share (both in THB)

= 3.88 ÷ 6.39

0.61x

* Primary Listing of Esso (Thailand).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Esso (Thailand) is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Esso (Thailand)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Esso (Thailand) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Esso (Thailand) expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
81.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Esso (Thailand) expected to grow at an attractive rate?
  • Esso (Thailand)'s earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Esso (Thailand)'s earnings growth is expected to exceed the Germany market average.
  • Esso (Thailand)'s revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JAV2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JAV2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 81.7%
DB:JAV2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:JAV2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JAV2 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 175,001 10,005 4,344 2
2021-12-31 165,234 8,529 3,358 2
2020-12-31 149,753 7,639 1,551 2
2020-03-30
DB:JAV2 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 168,530 -10,167 -3,066
2019-09-30 182,000 758 -3,891
2019-06-30 193,685 1,172 -1,493
2019-03-31 198,254 1,304 2,299
2018-12-31 199,059 2,103 2,225
2018-09-30 197,306 3,837 7,879
2018-06-30 189,345 9,065 9,873
2018-03-31 179,723 12,950 6,745
2017-12-31 177,356 11,219 7,288
2017-09-30 168,976 9,376 6,768
2017-06-30 159,861 4,526 3,238
2017-03-31 159,508 5,178 6,251

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Esso (Thailand)'s earnings are expected to grow significantly at over 20% yearly.
  • Esso (Thailand)'s revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:JAV2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Esso (Thailand) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JAV2 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.25 1.90 0.60 2.00
2021-12-31 0.88 1.63 0.30 3.00
2020-12-31 0.50 1.30 -0.40 3.00
2020-03-30
DB:JAV2 Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 -0.89
2019-09-30 -1.14
2019-06-30 -0.44
2019-03-31 0.66
2018-12-31 0.64
2018-09-30 2.28
2018-06-30 2.83
2018-03-31 1.96
2017-12-31 2.11
2017-09-30 1.95
2017-06-30 0.94
2017-03-31 1.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Esso (Thailand) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Esso (Thailand)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Esso (Thailand) has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Esso (Thailand) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Esso (Thailand)'s growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Esso (Thailand) does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Esso (Thailand)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Esso (Thailand)'s 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Esso (Thailand)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Esso (Thailand) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JAV2 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 168,529.73 -3,065.70 6,110.34
2019-09-30 181,999.73 -3,891.31 6,136.11
2019-06-30 193,684.73 -1,493.37 5,959.28
2019-03-31 198,254.25 2,299.10 5,874.66
2018-12-31 199,058.51 2,225.16 5,769.34
2018-09-30 197,306.29 7,878.61 5,721.22
2018-06-30 189,344.58 9,873.26 5,737.81
2018-03-31 179,723.11 6,744.74 5,656.40
2017-12-31 177,356.39 7,287.62 5,706.85
2017-09-30 168,976.32 6,768.49 5,768.10
2017-06-30 159,861.29 3,237.67 5,708.63
2017-03-31 159,508.23 6,250.62 5,851.65
2016-12-31 150,499.75 6,648.75 5,865.72
2016-09-30 149,298.27 4,664.04 5,855.72
2016-06-30 156,960.30 3,424.89 5,956.09
2016-03-31 161,816.30 3,973.74 6,003.75
2015-12-31 169,535.20 1,700.24 6,029.37
2015-09-30 174,941.01 -4,899.91 6,112.69
2015-06-30 187,976.21 -6,058.07 6,144.96
2015-03-31 202,481.36 -9,985.39 6,013.26
2014-12-31 218,187.44 -10,306.82 5,899.79
2014-09-30 236,169.93 -5,994.47 5,859.67
2014-06-30 241,991.88 -1,511.08 5,676.34
2014-03-31 239,593.23 -1,789.18 5,613.40
2013-12-31 242,304.98 -378.76 5,662.84
2013-09-30 239,295.74 -224.74 5,492.36
2013-06-30 238,601.29 583.27 5,466.69
2013-03-31 241,346.35 -3,497.84 5,336.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Esso (Thailand) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Esso (Thailand) has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Esso (Thailand) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Esso (Thailand)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Esso (Thailand) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Esso (Thailand)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Esso (Thailand)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Esso (Thailand)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Esso (Thailand)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Esso (Thailand)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Esso (Thailand) Company Filings, last reported 2 months ago.

DB:JAV2 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 22,117.93 26,943.42 276.68
2019-09-30 24,299.51 18,718.66 599.47
2019-06-30 25,684.77 16,732.02 637.15
2019-03-31 26,940.24 14,496.04 651.85
2018-12-31 25,832.10 15,345.35 482.65
2018-09-30 28,500.16 17,351.46 800.27
2018-06-30 27,990.65 16,006.84 954.05
2018-03-31 28,748.41 10,777.98 733.18
2017-12-31 28,182.21 12,346.39 448.17
2017-09-30 25,514.37 16,850.09 776.25
2017-06-30 22,354.04 20,247.25 401.35
2017-03-31 22,356.45 22,551.39 388.48
2016-12-31 20,752.37 22,969.34 557.03
2016-09-30 18,258.45 24,877.15 224.66
2016-06-30 18,628.94 24,073.17 433.49
2016-03-31 15,780.41 26,777.59 302.13
2015-12-31 13,769.19 29,119.82 264.48
2015-09-30 13,166.66 33,102.07 456.29
2015-06-30 14,866.30 33,400.44 513.70
2015-03-31 11,555.31 36,869.80 375.44
2014-12-31 11,920.21 35,675.21 409.12
2014-09-30 18,706.55 37,732.44 408.25
2014-06-30 21,501.35 35,746.42 555.57
2014-03-31 21,964.69 38,273.31 930.01
2013-12-31 22,579.01 34,396.09 1,002.45
2013-09-30 24,332.38 30,697.11 534.76
2013-06-30 22,650.98 35,032.04 921.78
2013-03-31 23,768.50 34,572.72 1,851.16
  • Esso (Thailand)'s level of debt (121.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (299.5% vs 121.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Esso (Thailand)'s debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Esso (Thailand)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Esso (Thailand) has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Esso (Thailand)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.73%
Current annual income from Esso (Thailand) dividends. Estimated to be 9.54% next year.
If you bought €2,000 of Esso (Thailand) shares you are expected to receive €155 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Esso (Thailand)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Esso (Thailand)'s dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:JAV2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:JAV2 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.55 2.00
2021-12-31 0.38 3.00
2020-12-31 0.24 3.00
2020-03-30
DB:JAV2 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.300 3.751
2018-11-12 0.200 1.776
2018-08-10 0.200 1.303
2018-03-14 1.000 6.843
2015-05-14 0.000 0.000
2015-04-16 0.000 0.000
2015-02-27 0.000 0.000
2015-02-23 0.000 0.000
2014-11-14 0.000 0.000
2014-08-08 0.000 0.000
2014-07-15 0.000 0.000
2014-05-09 0.000 0.000
2014-03-21 0.000 0.000
2013-05-10 0.050 0.742
2013-03-14 0.050 0.526
2012-11-09 0.000 0.000
2012-10-15 0.000 0.000
2012-05-11 0.250 2.410
2012-05-03 0.250 2.258
2011-11-14 0.400 3.456
2011-09-05 0.400 4.330
2011-03-14 0.200 1.790
2010-11-11 0.500 6.602
2010-03-26 0.500 7.638
2009-11-16 0.500 7.857
2009-09-01 0.500 6.896

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Esso (Thailand)'s earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Esso (Thailand)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Esso (Thailand) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Esso (Thailand) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Esso (Thailand)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Esso (Thailand) has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Esso (Thailand) management team in years:

1.8
Average Tenure
50
Average Age
  • The average tenure for the Esso (Thailand) management team is less than 2 years, this suggests a new team.
Management Team

Pachara Sungkhapan

TITLE
Controller & Executive Director
AGE
50
TENURE
1.7 yrs

Suchart Phowatthanasathian

TITLE
Refinery Manager & Executive Director
AGE
47
TENURE
2.6 yrs

Pajaree Meekangvan

TITLE
Thailand Lubricants Sales Manager & Executive Director
AGE
42
TENURE
1.9 yrs

Manoch Munjitjuntra

TITLE
Retail Sales Manager & Executive Director
AGE
50
TENURE
2.2 yrs

Adisak Jangkamolkulchai

TITLE
Chairman & MD
AGE
55

Jutarat Wareechuensuk

TITLE
Investor Relations & Planning Manager
AGE
53
TENURE
1.7 yrs

Angsna Pirentorn

TITLE
Company Secretary

Vorraya Kosalathip

TITLE
Treasurer Manager
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Esso (Thailand) board of directors in years:

2.3
Average Tenure
50.5
Average Age
  • The average tenure for the Esso (Thailand) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pachara Sungkhapan

TITLE
Controller & Executive Director
AGE
50
TENURE
1.8 yrs

Suchart Phowatthanasathian

TITLE
Refinery Manager & Executive Director
AGE
47
TENURE
2.9 yrs

Pajaree Meekangvan

TITLE
Thailand Lubricants Sales Manager & Executive Director
AGE
42
TENURE
2.3 yrs

Manoch Munjitjuntra

TITLE
Retail Sales Manager & Executive Director
AGE
50
TENURE
2.3 yrs

Adisak Jangkamolkulchai

TITLE
Chairman & MD
AGE
55
TENURE
0.2 yrs

Wattana Chantarasorn

TITLE
Independent Non-Executive Director
COMPENSATION
฿2M
AGE
72
TENURE
5.5 yrs

Ratrimani Pasiphol

TITLE
Business Services & Tax Manager and Director
AGE
51
TENURE
8 yrs

Chakkrit Parapuntakul

TITLE
Independent Non-Executive Director
COMPENSATION
฿2M
AGE
59
TENURE
2.3 yrs

Prachit Hawat

TITLE
Independent Non-Executive Director
COMPENSATION
฿2M
AGE
60
TENURE
2.3 yrs

Taweesak Bunluesin

TITLE
Director
AGE
50
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Esso (Thailand)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Esso (Thailand) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Esso (Thailand) Public Company Limited refines and markets petroleum products in Thailand and internationally. It operates in two segments, Downstream and Petrochemicals. The company provides refined petroleum products, including motor gasoline, gasohol, diesel, aviation fuels, fuel oil, marine fuels, and LPG products; and other petroleum products comprising mineral and synthetic lubricants under the Mobil brand name, as well as asphalt. It offers its refined petroleum products through a retail network of 540 retail service stations under the Esso brand name; and commercial channel consists of sales to industrial end users and wholesalers, as well as to customers in the aviation and marine industries. The company also produces aromatics in the form of Paraxylene, a feedstock for purified terephthalic acid, as well as used as raw material for producing polyester films, packaging resins, and fabrics. In addition, it provides hydrocarbon solvents, such as hexane, which is used primarily in edible oil seed extractions and as a carrier in petrochemical production; rubber solvents that are used as adhesives and rubber cement for use in the manufacture of tires; white spirits for coating and paint industries; and Exxsol D80 for household, industrial, and metal working applications. Further, the company imports and markets aromatic solvents that are used in the automotive paint coating industry; and sells plasticizer for various applications. Additionally, it leases real estate properties. The company was formerly known as Esso Standard Thailand Co., Ltd. and changed its name to Esso (Thailand) Public Company Limited in 1996. The company was founded in 1894 and is based in Bangkok, Thailand. Esso (Thailand) Public Company Limited is a subsidiary of ExxonMobil Asia Holding Private Limited.

Details
Name: Esso (Thailand) Public Company Limited
JAV2
Exchange: DB
Founded: 1894
฿372,027,637
3,460,858,000
Website: http://www.esso.co.th
Address: Esso (Thailand) Public Company Limited
3195/17-29 Rama IV Road,
Klong Ton,
Bangkok,
10110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET ESSO Ordinary Shares The Stock Exchange of Thailand TH THB 06. May 2008
DB JAV THB4.9338 (ALIEN MARKET) Deutsche Boerse AG DE EUR 08. May 2008
SET ESSO-R THB4.9338 (NVDR) The Stock Exchange of Thailand TH THB 07. May 2008
DB JAV2 THB4.9338 (NVDR) Deutsche Boerse AG DE EUR 07. May 2008
Number of employees
Current staff
Staff numbers
0
Esso (Thailand) employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:00
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.