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Exploration and Production

DB:PTTG
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTTG
DB
฿344B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Exploration and Production has significant price volatility in the past 3 months.
PTTG Share Price and Events
7 Day Returns
32.6%
DB:PTTG
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-33.7%
DB:PTTG
28.1%
DE Oil and Gas
-16.6%
DE Market
PTTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Exploration and Production (PTTG) 32.6% -26.1% -39.9% -33.7% -10.2% -27.5%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • PTTG underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • PTTG underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
PTTG
Industry
5yr Volatility vs Market
Related Companies

PTTG Value

 Is Exploration and Production 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 Exploration and Production 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 Exploration and Production.

DB:PTTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:PTTG
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 20%) (32.81%))
1.132
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.132 * 7.46%)
8.05%

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

The calculations below outline how an intrinsic value for Exploration and Production 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:PTTG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.05%)
2020 546.75 Analyst x8 506.00
2021 804.23 Analyst x7 688.82
2022 1,167.24 Analyst x5 925.23
2023 1,238.18 Analyst x1 908.32
2024 1,594.03 Analyst x1 1,082.22
2025 1,818.88 Est @ 14.11% 1,142.84
2026 1,996.36 Est @ 9.76% 1,160.87
2027 2,130.37 Est @ 6.71% 1,146.48
2028 2,227.99 Est @ 4.58% 1,109.65
2029 2,296.85 Est @ 3.09% 1,058.69
Present value of next 10 years cash flows $9,729.00
DB:PTTG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,296.85 × (1 + -0.39%) ÷ (8.05% – -0.39%)
$27,098.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $27,098.47 ÷ (1 + 8.05%)10
$12,490.56
DB:PTTG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9,729.00 + $12,490.56
$22,219.56
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $22,219.56 / 3,969.99
$5.6
DB:PTTG Discount to Share Price
Calculation Result
Exchange Rate USD/THB
(Reporting currency to currency of SET:PTTEP)
32.836
Value per Share
(THB)
= Value per Share in USD x Exchange Rate (USD/THB)
= $5.6 x 32.836
฿183.78
Non-primary Listing Adjustment Factor 1 share in DB:PTTG represents 0.02674x of SET:PTTEP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02674x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 183.78 x 0.02674
€4.91
Value per share (EUR) From above. €4.91
Current discount Discount to share price of €2.32
= -1 x (€2.32 - €4.91) / €4.91
52.8%

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

Current Discount
Amount off the current price Exploration and Production is available for.
Intrinsic value
>50%
Share price is €2.32 vs Future cash flow value of €4.91
Current Discount Checks
For Exploration and Production to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Exploration and Production's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Exploration and Production'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 Exploration and Production's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Exploration and Production's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PTTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.38
SET:PTTEP Share Price ** SET (2020-04-07) in THB ฿86.75
SET:PTTEP Share Price converted to USD reporting currency Exchange rate (THB/ USD) 0.03 $2.64
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Exploration and Production.

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

= SET:PTTEP Share Price ÷ EPS (both in USD)

= 2.64 ÷ 0.38

7.02x

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

  • Exploration and Production is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Exploration and Production is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Exploration and Production's expected growth come at a high price?
Raw Data
DB:PTTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
-10.1%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 1.22x

*Line of best fit is calculated by linear regression .

DB:PTTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.02x ÷ -10.1%

-0.7x

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

  • Exploration and Production earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Exploration and Production's assets?
Raw Data
DB:PTTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.98
SET:PTTEP Share Price * SET (2020-04-07) in THB ฿86.75
SET:PTTEP Share Price converted to USD reporting currency Exchange rate (THB/ USD) 0.03 $2.64
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:PTTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:PTTEP Share Price ÷ Book Value per Share (both in USD)

= 2.64 ÷ 2.98

0.89x

* Primary Listing of Exploration and Production.

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

  • Exploration and Production is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Exploration and Production'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. Exploration and Production has a total score of 4/6, 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.

PTTG Future Performance

 How is Exploration and Production expected to perform in the next 1 to 3 years based on estimates from 24 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
-10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Exploration and Production expected to grow at an attractive rate?
  • Exploration and Production's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Exploration and Production's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Exploration and Production's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PTTG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PTTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts -10.1%
DB:PTTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 0.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:PTTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PTTG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 7,682 4,361 1,777 1
2023-12-31 7,057 3,798 1,215 1
2022-12-31 6,008 3,488 951 17
2021-12-31 5,446 3,075 793 24
2020-12-31 5,223 3,001 733 24
2020-04-07
DB:PTTG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6,163 3,520 1,495
2019-09-30 5,823 3,419 1,399
2019-06-30 5,666 3,327 1,355
2019-03-31 5,482 3,181 1,036
2018-12-31 5,310 3,277 1,067
2018-09-30 5,094 3,314 1,089
2018-06-30 4,816 2,867 509
2018-03-31 4,490 3,034 603
2017-12-31 4,359 2,669 518
2017-09-30 4,186 2,182 190
2017-06-30 4,163 2,311 610
2017-03-31 4,248 2,156 487

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Exploration and Production's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Exploration and Production's revenue is expected to grow by 0.6% 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:PTTG 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 24 Analyst Estimates (S&P Global) See Below

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

DB:PTTG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.45 0.45 0.45 1.00
2023-12-31 0.30 0.30 0.30 1.00
2022-12-31 0.23 0.39 0.10 13.00
2021-12-31 0.20 0.34 0.08 21.00
2020-12-31 0.18 0.26 0.13 19.00
2020-04-07
DB:PTTG Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.38
2019-09-30 0.35
2019-06-30 0.33
2019-03-31 0.26
2018-12-31 0.27
2018-09-30 0.27
2018-06-30 0.13
2018-03-31 0.14
2017-12-31 0.13
2017-09-30 0.05
2017-06-30 0.15
2017-03-31 0.14

*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.
  • Exploration and Production is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Exploration and Production'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.
Exploration and Production has a total score of 0/6, 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.

PTTG Past Performance

  How has Exploration and Production 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 Exploration and Production'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.
  • Exploration and Production has delivered over 20% year on year earnings growth in the past 5 years.
  • Exploration and Production's 1-year earnings growth is less than its 5-year average (40.2% vs 48.5%)
  • Exploration and Production's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (40.2% vs -0.6%).
Earnings and Revenue History
Exploration and Production'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 Exploration and Production Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PTTG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,162.81 1,494.93 435.12
2019-09-30 5,822.91 1,398.56 390.60
2019-06-30 5,666.37 1,355.31 325.83
2019-03-31 5,482.39 1,035.57 325.95
2018-12-31 5,310.37 1,066.66 335.25
2018-09-30 5,094.46 1,088.55 333.79
2018-06-30 4,815.70 508.78 305.32
2018-03-31 4,489.56 602.66 299.25
2017-12-31 4,359.01 518.14 277.63
2017-09-30 4,186.38 189.94 241.99
2017-06-30 4,163.23 609.73 241.82
2017-03-31 4,248.12 487.02 248.57
2016-12-31 4,256.05 297.70 267.27
2016-09-30 4,430.50 446.45 193.06
2016-06-30 4,701.99 -962.56 266.97
2016-03-31 5,039.55 -976.03 302.78
2015-12-31 5,405.16 -853.98 313.00
2015-09-30 5,833.63 -1,712.20 318.50
2015-06-30 6,511.29 18.02 392.84
2015-03-31 7,187.97 520.25 440.30
2014-12-31 7,581.75 650.77 443.12
2014-09-30 7,824.68 1,647.83 565.87
2014-06-30 7,641.14 1,737.72 477.67
2014-03-31 7,380.91 1,538.37 408.02
2013-12-31 7,411.83 1,837.26 440.08
2013-09-30 7,356.75 2,046.88 394.20
2013-06-30 7,344.57 2,038.09 399.08

*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.
  • Exploration and Production has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Exploration and Production used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Exploration and Production has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Exploration and Production'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.
Exploration and Production has a total score of 4/6, 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.

PTTG Health

 How is Exploration and Production'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 Exploration and Production's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Exploration and Production is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Exploration and Production's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Exploration and Production'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 1.4x 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 Exploration and Production Company Filings, last reported 3 months ago.

DB:PTTG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,841.17 3,298.01 3,236.60
2019-09-30 11,960.57 2,049.14 2,407.91
2019-06-30 11,896.91 2,044.73 3,593.10
2019-03-31 11,995.21 1,964.25 4,446.50
2018-12-31 12,005.40 1,951.33 4,084.53
2018-09-30 11,777.14 1,951.69 3,820.39
2018-06-30 11,678.95 2,261.77 3,422.62
2018-03-31 11,929.19 2,866.24 5,095.06
2017-12-31 11,516.65 2,921.33 4,468.53
2017-09-30 11,229.33 2,915.01 4,056.70
2017-06-30 11,659.87 2,915.62 4,207.46
2017-03-31 11,451.27 2,902.23 4,445.97
2016-12-31 11,386.46 2,913.68 4,021.75
2016-09-30 11,418.74 2,934.25 3,722.07
2016-06-30 11,321.17 2,930.37 3,205.21
2016-03-31 11,286.16 3,086.37 3,701.89
2015-12-31 11,327.99 3,108.08 3,259.68
2015-09-30 11,203.46 3,428.28 3,105.58
2015-06-30 12,638.68 4,231.02 3,737.01
2015-03-31 12,593.42 4,257.65 4,399.71
2014-12-31 12,547.98 4,284.72 3,930.54
2014-09-30 13,317.41 4,308.97 3,548.64
2014-06-30 13,251.34 4,337.06 3,211.13
2014-03-31 11,688.90 4,074.08 3,071.64
2013-12-31 11,718.82 4,091.29 2,357.18
2013-09-30 11,523.66 4,121.08 2,589.77
2013-06-30 11,304.09 3,609.05 1,758.29
  • Exploration and Production's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (34.1% vs 27.9% today).
  • Debt is well covered by operating cash flow (106.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.9x coverage).
X
Financial health checks
We assess Exploration and Production'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. Exploration and Production has a total score of 5/6, 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.

PTTG Dividends

 What is Exploration and Production'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
6.87%
Current annual income from Exploration and Production dividends. Estimated to be 4.1% next year.
If you bought €2,000 of Exploration and Production shares you are expected to receive €137 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?
  • Exploration and Production's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Exploration and Production's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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:PTTG 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 24 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:PTTG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.18 1.00
2023-12-31 0.12 1.00
2022-12-31 0.13 15.00
2021-12-31 0.10 24.00
2020-12-31 0.09 21.00
2020-04-07
DB:PTTG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-30 0.182 6.896
2019-01-30 0.156 3.979
2018-07-26 0.135 3.342
2018-01-26 0.127 3.379
2017-07-27 0.120 4.301
2017-01-26 0.092 3.550
2016-07-28 0.076 3.251
2016-02-17 0.084 3.970
2015-07-23 0.055 3.025
2015-01-30 0.086 2.706
2014-11-05 0.182 4.951
2014-10-15 0.183 4.153
2014-07-24 0.184 3.690
2014-06-11 0.185 3.649
2014-02-18 0.183 3.854
2013-11-06 0.181 3.727
2013-10-29 0.192 3.590
2013-07-25 0.186 3.621
2013-01-31 0.191 3.871
2012-10-31 0.182 3.459
2012-10-15 0.182 3.531
2012-07-31 0.177 3.640
2012-07-23 0.176 3.647
2012-03-20 0.169 3.172
2012-02-01 0.174 3.014
2011-07-28 0.160 3.120
2011-01-26 0.162 2.841
2010-07-29 0.116 2.325
2010-04-02 0.074 1.644
2009-08-03 0.100 2.417

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Exploration and Production's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Exploration and Production'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 Exploration and Production afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Exploration and Production has a total score of 5/6, see the detailed checks below.


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

PTTG Management

 What is the CEO of Exploration and Production'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
Phongsthorn Thavisin
COMPENSATION $5,414,426
AGE 60
TENURE AS CEO 1.5 years
CEO Bio

Mr. Phongsthorn Thavisin serves as Director and Chief Executive Officer at PTT Exploration and Production Public Company Limited since October 1, 2018 and its President since February 2019. Mr. Thavisin served as the President of Exploration & Production and Acting Executive Vice President of Organization & Business Transformation Group at PTT Exploration and Production Public Company Limited since November 1, 2017 until September 2018. Mr. Thavisin served as Chief Operating Officer of Production Asset & Operations Support Group and Acting Executive Vice President of Operations Support Group at PTT Exploration and Production Public Company Limited since January 1, 2016 until October, 2017. Mr. Thavisin served as Executive Vice President of Technology and Sustainability Development Group at PTT Exploration and Production Public Company Limited since January 1, 2015 until December 31, 2015. Mr. Thavisin served as Executive Vice President of Development & Engineering Group at PTT Exploration and Production Public Company Limited since June 16, 2012 until December 31, 2014. Mr. Thavisin served as Senior Vice President of Engineering and Construction Division at PTT Exploration and Production Public Company Limited since April 1, 2010 until June 2012 and served as its Greater Bongkot South Construction Projects Manager since April 1, 2010. Mr. Thavisin served as Acting Vice President of Engineer Management System at PTT Exploration and Production Public Co. Ltd. He served as Vice President of Engineering & Construction Division at PTT Exploration and Production Public Co. Ltd since January 2010. Mr. Thavisin served as Vice President of Production Development Division at PTT Exploration and Production Public Co. Ltd. since February 1, 2009. He serves as an Acting Manager of Greater Bongkot South Construction Projects. He was the Senior Manager, International Assets and Safety, Security, Health and Environment Department. He earned B.Sc. (Petroleum and Natural Gas Engineering) from The Pennsylvania State University, U.S.A.

CEO Compensation
  • Phongsthorn's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Phongsthorn's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Exploration and Production management team in years:

3.8
Average Tenure
59
Average Age
  • The tenure for the Exploration and Production management team is about average.
Management Team

Phongsthorn Thavisin

TITLE
CEO, President & Director
COMPENSATION
$5M
AGE
60
TENURE
1.5 yrs

Sumrid Sumneing

TITLE
Executive Vice President of Finance & Accounting Group
AGE
54
TENURE
1.3 yrs

Kanes Supyaboonrod

TITLE
Vice President of Governance Compliance & Internal Control Department
TENURE
1.5 yrs

Vuthiphon Thuampoomngam

TITLE
Executive Vice President of Human Resources
AGE
59
TENURE
0.3 yrs

Suchitra Suwansinpan

TITLE
Executive Vice President
AGE
59
TENURE
9.2 yrs

Prapat Soponpongpipat

TITLE
Executive Vice President of Geosciences & Exploration Group
AGE
60
TENURE
10 yrs

Anun Chonchawalit

TITLE
Senior Vice President of International Asset
AGE
59
TENURE
10 yrs

Chanamas Sasnanand

TITLE
Senior Vice President of Finance Division
AGE
49
TENURE
2.3 yrs

Sorasan Milindasuta

TITLE
Senior Vice President of Operations Support Group
AGE
61
TENURE
8.5 yrs

Montri Rawanchaikul

TITLE
Executive Vice President of Production Asset Group
AGE
55
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Exploration and Production board of directors in years:

5
Average Tenure
61.5
Average Age
  • The tenure for the Exploration and Production board of directors is about average.
Board of Directors

Prajya Phinyawat

TITLE
Independent Chairman
COMPENSATION
$7M
AGE
68
TENURE
5.6 yrs

Phongsthorn Thavisin

TITLE
CEO, President & Director
COMPENSATION
$5M
AGE
60
TENURE
1.5 yrs

Achporn Charuchinda

TITLE
Independent Director
COMPENSATION
$6M
AGE
66
TENURE
7.3 yrs

Tanarat Ubol

TITLE
Independent Director
COMPENSATION
$6M
AGE
64
TENURE
5.6 yrs

Sethaput Suthiwart-Narueput

TITLE
Independent Director
COMPENSATION
$7M
AGE
54
TENURE
5.6 yrs

Bundhit Eua-Arporn

TITLE
Independent Director
COMPENSATION
$6M
AGE
54
TENURE
2.7 yrs

Penchun Jarikasem

TITLE
Independent Director
COMPENSATION
$6M
AGE
64
TENURE
2.2 yrs

Nimit Suwannarat

TITLE
Independent Director
COMPENSATION
$6M
AGE
48
TENURE
5.6 yrs

Twarath Sutabutr

TITLE
Director
COMPENSATION
$6M
AGE
50
TENURE
4.5 yrs

Pitipan Tepartimargorn

TITLE
Director
COMPENSATION
$6M
AGE
63
TENURE
4.4 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 Exploration and Production'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. Exploration and Production 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.

PTTG News

Simply Wall St News

PTTG Company Info

Description

PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally. It is also involved in gas pipeline transportation business; investment funding; the provision of petroleum technology; and the provision of petroleum products, such as natural gas, crude oil, condensate, naphtha and liquefied petroleum gas. The company was founded in 1985 and is headquartered in Bangkok, Thailand. PTT Exploration and Production Public Company Limited is a subsidiary of PTT Public Company Limited.

Details
Name: PTT Exploration and Production Public Company Limited
PTTG
Exchange: DB
Founded: 1985
฿9,698,599,009
3,969,985,400
Website: http://www.pttep.com
Address: PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A,
6th and 19th–36th Floors,
Bangkok,
10900,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET PTTEP Ordinary Shares The Stock Exchange of Thailand TH THB 25. Jun 1993
OTCPK PEXN.Y SPONSORED ADR Pink Sheets LLC US USD 23. Mar 2001
OTCPK PTXL.F SHS FOREIGN RE Pink Sheets LLC US USD 11. Jul 2003
DB PTTG THB1(ALIEN MKT) Deutsche Boerse AG DE EUR 02. Mar 1994
SET PTTEP-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
DB NVAL THB1(NVDR) Deutsche Boerse AG DE EUR 20. Aug 2001
THAMSE PTTEP-F THB1(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 02. Mar 1994
Number of employees
Current staff
Staff numbers
2,361
Exploration and Production employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:03
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/18
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.