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IRPC

DB:NVPF
Snowflake Description

Moderate growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVPF
DB
฿51B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

IRPC Public Company Limited, together with its subsidiaries, provides petroleum and petrochemical products in Thailand and other Asian countries. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • IRPC has significant price volatility in the past 3 months.
NVPF Share Price and Events
7 Day Returns
20.8%
DB:NVPF
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-60.9%
DB:NVPF
34.4%
DE Oil and Gas
-14.2%
DE Market
NVPF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IRPC (NVPF) 20.8% 32.6% -38.4% -60.9% -54.1% -47%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • NVPF underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • NVPF underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
NVPF
Industry
5yr Volatility vs Market

Value

 Is IRPC 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 IRPC 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 IRPC.

DB:NVPF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.4%
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:NVPF
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 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 20%) (115.57%))
1.583
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.583 * 7.46%)
11.42%

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

The calculations below outline how an intrinsic value for IRPC 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:NVPF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 11.42%)
2020 5,597.75 Analyst x5 5,023.89
2021 9,704.44 Analyst x7 7,816.69
2022 8,346.71 Analyst x4 6,033.84
2023 7,527.85 Est @ -9.81% 4,883.99
2024 7,002.07 Est @ -6.98% 4,077.15
2025 6,651.54 Est @ -5.01% 3,475.99
2026 6,410.67 Est @ -3.62% 3,006.67
2027 6,240.67 Est @ -2.65% 2,626.88
2028 6,117.52 Est @ -1.97% 2,311.06
2029 6,025.86 Est @ -1.5% 2,043.06
Present value of next 10 years cash flows ฿41,299.00
DB:NVPF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿6,025.86 × (1 + -0.39%) ÷ (11.42% – -0.39%)
฿50,812.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿50,812.52 ÷ (1 + 11.42%)10
฿17,227.88
DB:NVPF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿41,299.00 + ฿17,227.88
฿58,526.88
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿58,526.88 / 20,410.59
฿2.87
DB:NVPF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NVPF represents 0.0244x of SET:IRPC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0244x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 2.87 x 0.0244
€0.07
Value per share (EUR) From above. €0.07
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.07) / €0.07
12.8%

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

Current Discount
Amount off the current price IRPC is available for.
Intrinsic value
13%
Share price is €0.061 vs Future cash flow value of €0.06997
Current Discount Checks
For IRPC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • IRPC's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • IRPC's share price is below the future cash flow value, but not 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 IRPC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IRPC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NVPF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿-0.06
SET:IRPC Share Price ** SET (2020-04-08) in THB ฿2.5
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of IRPC.

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

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

= 2.5 ÷ -0.06

-43.46x

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

  • IRPC is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • IRPC is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does IRPC's expected growth come at a high price?
Raw Data
DB:NVPF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -43.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
85.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*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 IRPC, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IRPC's assets?
Raw Data
DB:NVPF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿4.08
SET:IRPC Share Price * SET (2020-04-08) in THB ฿2.5
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:NVPF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.5 ÷ 4.08

0.61x

* Primary Listing of IRPC.

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

  • IRPC is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess IRPC'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. IRPC has a total score of 1/6, 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 IRPC expected to perform in the next 1 to 3 years based on estimates from 19 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
85.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IRPC expected to grow at an attractive rate?
  • IRPC's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • IRPC's earnings growth is expected to exceed the Germany market average.
  • IRPC's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NVPF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NVPF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 85.1%
DB:NVPF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -1.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:NVPF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NVPF Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 230,153 11,326 4,725 11
2021-12-31 222,780 11,119 4,409 17
2020-12-31 210,367 11,033 -824 19
2020-04-08
DB:NVPF Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 239,315 7,527 -1,174
2019-09-30 253,293 11,987 -2,288
2019-06-30 266,985 11,921 1,593
2019-03-31 274,177 10,080 5,136
2018-12-31 280,551 18,304 7,735
2018-09-30 273,705 15,278 13,875
2018-06-30 256,611 25,028 14,562
2018-03-31 240,267 29,756 11,741
2017-12-31 214,101 20,245 11,354
2017-09-30 202,946 21,122 8,535
2017-06-30 191,895 10,235 6,594
2017-03-31 182,394 2,728 9,072

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IRPC's earnings are expected to grow significantly at over 20% yearly.
  • IRPC's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:NVPF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from IRPC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVPF Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.26 0.55 0.07 11.00
2021-12-31 0.21 0.42 0.04 16.00
2020-12-31 0.09 0.40 -0.24 12.00
2020-04-08
DB:NVPF Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 -0.06
2019-09-30 -0.11
2019-06-30 0.08
2019-03-31 0.25
2018-12-31 0.38
2018-09-30 0.68
2018-06-30 0.71
2018-03-31 0.57
2017-12-31 0.56
2017-09-30 0.42
2017-06-30 0.32
2017-03-31 0.45

*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.
  • IRPC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IRPC'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.
IRPC 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 IRPC 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 IRPC'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.
  • IRPC does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare IRPC's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IRPC's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
IRPC'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 IRPC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVPF Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 239,314.61 -1,174.04 7,056.02
2019-09-30 253,293.36 -2,287.60 6,935.88
2019-06-30 266,984.88 1,593.34 6,980.83
2019-03-31 274,177.22 5,135.99 6,905.61
2018-12-31 280,551.10 7,734.99 6,973.19
2018-09-30 273,705.47 13,874.88 7,237.84
2018-06-30 256,610.57 14,562.41 7,124.69
2018-03-31 240,266.62 11,740.95 6,980.61
2017-12-31 214,100.96 11,354.48 6,896.90
2017-09-30 202,945.59 8,535.22 6,315.33
2017-06-30 191,894.97 6,594.45 6,267.87
2017-03-31 182,393.96 9,071.91 6,209.08
2016-12-31 185,040.67 9,720.83 6,072.07
2016-09-30 182,329.33 8,474.02 6,317.38
2016-06-30 188,726.37 8,054.50 6,083.94
2016-03-31 202,885.42 8,584.57 6,081.95
2015-12-31 214,171.79 9,401.76 6,172.30
2015-09-30 229,021.29 3,176.05 5,844.19
2015-06-30 247,619.26 2,310.72 5,820.78
2015-03-31 261,927.63 -1,746.74 5,641.20
2014-12-31 281,589.44 -5,234.64 5,444.39
2014-09-30 294,572.38 1,328.57 5,574.41
2014-06-30 297,976.46 2,353.79 5,640.20
2014-03-31 294,854.90 1,016.87 5,631.74
2013-12-31 292,592.52 826.27 5,494.43
2013-09-30 284,579.31 11.30 5,334.38
2013-06-30 283,919.49 699.33 4,976.82

*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 IRPC has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • IRPC used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if IRPC 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 IRPC'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.
IRPC 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 IRPC'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 IRPC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IRPC's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • IRPC's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IRPC'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 not covered by short term assets, assets are 0.7x 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 IRPC Company Filings, last reported 3 months ago.

DB:NVPF Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 83,402.11 58,971.36 3,036.13
2019-09-30 84,914.61 61,955.86 3,069.25
2019-06-30 86,184.45 56,510.96 1,914.84
2019-03-31 87,537.83 60,772.26 2,806.09
2018-12-31 87,379.63 57,365.36 2,337.65
2018-09-30 88,996.46 63,747.45 2,335.64
2018-06-30 88,463.54 56,492.29 2,350.36
2018-03-31 90,397.08 53,639.21 2,849.39
2017-12-31 87,650.00 58,769.46 2,144.86
2017-09-30 83,391.55 65,398.35 3,759.28
2017-06-30 80,046.36 69,093.87 2,181.44
2017-03-31 83,497.61 69,056.41 1,908.58
2016-12-31 81,004.97 62,586.54 2,042.21
2016-09-30 79,466.97 64,681.92 2,020.20
2016-06-30 78,036.57 57,710.82 1,346.44
2016-03-31 78,955.69 54,578.27 3,916.49
2015-12-31 75,877.95 53,726.98 3,575.85
2015-09-30 75,359.87 57,165.93 2,495.72
2015-06-30 74,508.79 55,452.33 1,511.96
2015-03-31 71,875.18 58,786.54 1,963.57
2014-12-31 67,903.93 63,045.95 2,008.63
2014-09-30 73,806.27 59,589.28 3,188.02
2014-06-30 73,791.78 59,156.54 16,143.59
2014-03-31 75,679.59 50,609.37 2,974.60
2013-12-31 75,526.60 45,285.35 5,124.20
2013-09-30 74,765.39 45,908.69 7,580.46
2013-06-30 73,771.24 45,501.14 5,408.25
  • IRPC's level of debt (70.7%) 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 (92.7% vs 70.7% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on IRPC's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess IRPC'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. IRPC has a total score of 1/6, 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 IRPC'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
4%
Current annual income from IRPC dividends. Estimated to be 4.36% next year.
If you bought €2,000 of IRPC shares you are expected to receive €80 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?
  • IRPC's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • IRPC's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
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:NVPF 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 19 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:NVPF Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.13 14.00
2021-12-31 0.12 19.00
2020-12-31 0.09 19.00
2020-04-08
DB:NVPF Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.100 4.372
2019-02-12 0.180 4.303
2018-11-05 0.200 3.418
2018-08-21 0.200 3.054
2018-02-14 0.290 4.273
2017-02-24 0.230 3.953
2016-02-09 0.220 4.493
2015-02-10 0.080 1.907
2014-02-18 0.100 2.953
2013-02-19 0.080 2.306
2013-01-15 0.080 1.840
2012-02-14 0.120 2.927
2012-01-16 0.120 2.633
2011-02-15 0.180 3.740
2010-08-23 0.180 3.821
2010-02-17 0.180 4.186
2009-11-05 0.160 3.771
2009-08-06 0.160 4.029

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 IRPC'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 covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess IRPC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 IRPC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IRPC has a total score of 2/6, 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 IRPC'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.
CEO
Noppadol Pinsupa
AGE 55
TENURE AS CEO 1.2 years
CEO Bio

Mr. Noppadol Pinsupa serves as a President, Secretary of the Board and Director at IRPC Public Company Limited since February 1, 2019.

CEO Compensation
  • Insufficient data for Noppadol to compare compensation growth.
  • Insufficient data for Noppadol to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the IRPC management team in years:

1.4
Average Tenure
56.5
Average Age
  • The average tenure for the IRPC management team is less than 2 years, this suggests a new team.
Management Team

Noppadol Pinsupa

TITLE
President
AGE
55
TENURE
1.2 yrs

Nidcha Jirametthanakij

TITLE
Senior EVP of Corporate Accounting & Finance and CFO
AGE
56
TENURE
1.5 yrs

Vichit Nittayanonte

TITLE
Senior Executive Vice President of Innovation & Operation Excellence
AGE
60
TENURE
1.1 yrs

Wanida Utaisomnapa

TITLE
Senior Executive Vice President of Corporate Commercial & Marketing
AGE
53
TENURE
1.3 yrs

Kraisit Anukoolutaiwong

TITLE
Executive Vice President of Innovation & Operation Excellence
AGE
57
TENURE
1.3 yrs

Somkiat Lertritpuwadol

TITLE
Senior Executive Vice President of Corporate Strategy
AGE
57
TENURE
1.3 yrs

Woravuth Sivapetranart

TITLE
Senior Executive Vice President of Petrochemical & Refinery Operation
AGE
56
TENURE
9.4 yrs

Thammasak Punyowatkool

TITLE
Executive VP & Officiate as Office of Internal Audit Manager
AGE
52
TENURE
6.8 yrs

Awrapin Ketratanakul

TITLE
Executive Vice President of Sustainability Management Office
AGE
60
TENURE
6.3 yrs

Veerawat Srinoradithlert

TITLE
Senior Executive Vice President of Corporate Organization Effectiveness
AGE
57
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the IRPC board of directors in years:

3
Average Tenure
60
Average Age
  • The tenure for the IRPC board of directors is about average.
Board of Directors

Chansin Treenuchagron

TITLE
Chairman
COMPENSATION
฿4M
AGE
59
TENURE
1.7 yrs

Noppadol Pinsupa

TITLE
President
AGE
55
TENURE
1.2 yrs

Woothisarn Tanchai

TITLE
Independent Director
COMPENSATION
฿4M
AGE
61
TENURE
4.8 yrs

Somnuk Bomrungsalee

TITLE
Independent Director
COMPENSATION
฿4M
AGE
62
TENURE
6 yrs

Nuttachat Charuchinda

TITLE
Independent Director
COMPENSATION
฿4M
AGE
63
TENURE
4 yrs

Anusorn Sangnimnuan

TITLE
Independent Director
COMPENSATION
฿4M
AGE
65
TENURE
3.7 yrs

Ekniti Nitithanprapas

TITLE
Director
COMPENSATION
฿4M
AGE
48
TENURE
4.4 yrs

Kris Imsang

TITLE
Director
COMPENSATION
฿2M
AGE
53
TENURE
2.3 yrs

Worawat Pitayasiri

TITLE
Director
COMPENSATION
฿423K
AGE
52
TENURE
1.6 yrs

Boonsuib Prasit

TITLE
Independent Director
AGE
65
TENURE
1 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 IRPC'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. IRPC 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

IRPC Public Company Limited, together with its subsidiaries, provides petroleum and petrochemical products in Thailand and other Asian countries. The company operates through Petroleum Products, Petrochemical Products, and Other Business segments. Its petroleum products include refined oil comprising gasoline, high-speed diesel, and LPG; and lube base oil, naphtha, long residue or ATB, and asphalt. The company’s petrochemical products comprise olefins, such as ethylene, propylene, and butadiene; aromatics comprising benzene, toluene, and xylene; polymers consisting of HDPE, PP, ABS/SAN, PS, and EPS that are sold as raw materials to plastic converters; and polyols, including polyester and polyether polyols. It also generates and distributes power, industrial water, and air systems; provides wastewater treatment for industrial customers; and other business services. In addition, the company offers port and dock services, such as tug-boats, piloting services, lighters, fresh water and fuel, weigh scales, container yards, warehouses, and machines and equipment for transshipment of goods; and tank storage and truck load services, as well as operates liquid and chemical, and bulk and container terminals. Further, it offers asset management services in Rayong and other provinces; and various support services, as well as engages in the power plant, jetty, and other utilities operations. Additionally, the company manufactures and distributes plastic resins, as well as chemical products for polyurethanes; operates vocational schools; distributes petrochemical products; and provision of oil vessel renting services. The company was formerly known as Thai Petrochemical Industry Public Company Limited and changed its name to IRPC Public Company Limited in October 2006. IRPC Public Company Limited was incorporated in 1978 and is headquartered in Rayong, Thailand.

Details
Name: IRPC Public Company Limited
NVPF
Exchange: DB
Founded: 1978
฿1,433,799,259
20,410,590,846
Website: http://www.irpc.co.th
Address: IRPC Public Company Limited
299 Moo 5 Sukhumvit Road,
Cherngnern,
Rayong,
21000,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET IRPC Ordinary Shares The Stock Exchange of Thailand TH THB 20. Mar 1995
OTCPK IRPT.F SHS FGN REGIS Pink Sheets LLC US USD 30. Apr 2004
OTCPK IRPS.Y UNSPONSORD ADR Pink Sheets LLC US USD 12. Dec 2011
DB TPIG THBH1(ALIEN MARKET) Deutsche Boerse AG DE EUR 20. Mar 1995
SET IRPC-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
DB NVPF NON VTG DEP RCPT REP 1 ORD THB1 Deutsche Boerse AG DE EUR 20. Aug 2001
THAMSE IRPC-F THBH1(ALIEN MARKET) Bangkok-Alien Market Stock Exchange TH THB 20. Mar 1995
Number of employees
Current staff
Staff numbers
0
IRPC employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:32
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/12
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.