Gulf Energy Development Public Company Limited

GULF · BK · Utilities / Utilities - Independent Power Producers

62.50THB-0.25 (-0.40%)

Price History

Full chart

Market Stats

Previous Close62.75

Open62.50

Day Range62.25 – 63.00

52-Week Range39.08 – 68.50

Volume26.98M

Market Cap911.33B

P/E (TTM)11.78

Forward P/E23.36

EPS5.18

Dividend Yield1.75%

Beta0.51

50-Day Avg61.30

200-Day Avg60.61

About

Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. The company operates through Power Business, Consulting Business, Infrastructure Business and Satellite and Digital Business segments. It generates electricity through gas-fired, solar, biomass hydroelectric, waste-to-energy, and wind power projects under independent power producers and small power producers. The company undertakes infrastructure and logistics projects; distributes, supplies, and sells natural gas; and operates a digital infrastructure. In addition, the company is involved in the management, technical support, technology, investment services; storing and converting natural gas; satellite and related services; sale of direct television and satellite equipment; transponder services; engineering and development services; broadband network and content services; and broadcasting, television, and telecommunication services. Further, it provides system integration consultancy services for broadband network and technology systems, products and services related to artificial intelligence and space technology. Gulf Development Public Company Limited was founded in 2007 and is based in Bangkok, Thailand.

Company Details

SectorUtilities
IndustryUtilities - Independent Power Producers
CEOMr. Sarath Ratanavadi
Employees0
Headquarters87 M.Thai Tower, Bangkok, Thailand, 10330, Thailand
Websitehttps://www.gulf.co.th

Leadership

Mr. Sarath RatanavadiCEO & Vice Chairman · b. 1966
Ms. Porntipa ChinvetkitvanitDeputy CEO & Director · b. 1963
Mr. Boonchai ThiratiDeputy CEO & Director · b. 1955
Mr. Ratthaphol CheunsomchitPresident · b. 1971
Mr. Smith BanomyongChief Financial Officer · b. 1973
Mr. Olarn SrivalatthaHead of Accounting · b. 1981
Ms. Bung-On SuttipattanakitChief Corporate Planning Officer & Director · b. 1965
Mr. Ravi KurmarohitaDeputy Chief Executive Officer · b. 1970
Ms. Chotiros LikitcharoenpanichHead of Internal Audit · b. 1970
Ms. Chattawan JaijakulCompany Secretary & Executive Vice President ? Corporate Secretary · b. 1973

Financials

Income Statement

Currency: THB	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	773.20M	687.15M	240.99M	4.35B	17.18B	30.04B	32.83B	47.47B	94.15B	114.05B	120.89B	98.89B
Growth (%)	-	-11.13%	-64.93%	+1705.26%	+294.93%	+74.84%	+9.28%	+44.60%	+98.35%	+21.14%	+5.99%	-18.20%
Cost of Revenue	507.09M	465.70M	235.06M	3.29B	12.68B	22.79B	23.70B	34.39B	74.71B	92.02B	97.14B	79.33B
Gross Profit	266.11M	221.45M	5.92M	1.06B	4.50B	7.25B	9.12B	13.08B	19.44B	22.03B	23.75B	19.55B
Gross Margin	34.42%	32.23%	2.46%	24.46%	26.19%	24.13%	27.80%	27.55%	20.65%	19.32%	19.64%	19.77%
Operating Expense	536.85M	820.32M	-572.36M	-2.64B	-1.09B	-1.48B	-178.31M	855.72M	-4.09B	1.83B	556.58M	3.58B
Operating Income	-270.74M	-598.87M	578.28M	3.71B	5.59B	8.73B	9.30B	12.22B	23.53B	20.21B	23.19B	15.97B
Operating Margin	-35.02%	-87.15%	239.96%	85.19%	32.55%	29.06%	28.34%	25.75%	24.99%	17.72%	19.18%	16.15%
EBITDA	-269.94M	-598.07M	-466.11M	1.67B	4.84B	12.27B	13.04B	19.50B	21.85B	24.39B	39.35B	19.91B
EBITDA Margin	-34.91%	-87.04%	-193.42%	38.37%	28.14%	40.84%	39.73%	41.09%	23.20%	21.38%	32.55%	20.13%
Net Income	-431.06M	-811.39M	417.56M	3.45B	3.03B	7.17B	6.14B	7.67B	11.42B	14.86B	18.17B	80.00B
Net Income Margin	-55.75%	-118.08%	173.27%	79.33%	17.62%	23.86%	18.72%	16.16%	12.13%	13.03%	15.03%	80.90%
Interest Expense	327.79M	632.01M	792.29M	1.43B	1.94B	2.90B	3.66B	5.60B	7.65B	9.82B	10.71B	9.94B
Interest Expense % of Total Revenue	42.39%	91.98%	328.77%	32.82%	11.28%	9.64%	11.16%	11.79%	8.13%	8.61%	8.86%	10.05%

Balance Sheet

Currency: THB	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	10.25B	20.82B	59.82B	100.65B	123.67B	134.28B	245.58B	362.67B	418.17B	459.51B	496.20B	773.81B
Total Liabilities	6.59B	18.33B	56.03B	61.30B	78.88B	85.24B	173.50B	255.16B	282.37B	315.41B	342.36B	407.91B
Total Equity	2.75B	1.69B	2.32B	34.56B	36.54B	38.43B	64.03B	96.60B	110.79B	116.58B	124.16B	335.67B
Cash	1.39B	1.47B	2.77B	20.22B	16.70B	14.39B	15.90B	19.85B	39.19B	38.71B	34.10B	45.75B
Total Debt	6.14B	17.13B	51.39B	56.93B	69.53B	77.16B	141.72B	223.56B	250.56B	284.85B	317.06B	365.64B
Net Debt	4.76B	15.66B	48.63B	36.71B	52.83B	62.77B	125.82B	203.72B	211.37B	246.14B	282.96B	319.89B

Cash Flow

Currency: THB	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-138.46M	-1.05B	-1.15B	-716.65M	2.40B	8.05B	10.58B	14.01B	11.28B	18.29B	19.82B	35.07B
Investing Cash Flow	-3.35B	-8.86B	-34.74B	-16.43B	-16.14B	-12.57B	-70.41B	-78.21B	-25.21B	-34.40B	-29.91B	-38.88B
Financing Cash Flow	4.38B	9.99B	37.18B	34.60B	10.22B	2.22B	63.10B	68.13B	33.28B	15.63B	8.19B	3.08B
Capital Expenditure	345.49M	8.08B	19.88B	19.02B	18.56B	13.60B	18.61B	22.20B	17.56B	20.20B	28.32B	14.04B
Free Cash Flow	-483.95M	-9.13B	-21.04B	-19.73B	-16.16B	-5.55B	-8.03B	-8.18B	-6.28B	-1.91B	-8.51B	21.03B
Dividends Paid	-	853.32M	0	853.32M	853.32M	2.56B	2.77B	4.46B	5.16B	7.04B	10.32B	-
FCF to OCF	349.52%	872.68%	1824.76%	2753.45%	-672.71%	-68.93%	-75.93%	-58.38%	-55.70%	-10.41%	-42.94%	59.97%
Dividend Paid to FCF	-	-9.35%	0.00%	-4.32%	-5.28%	-46.14%	-34.53%	-54.50%	-82.19%	-369.47%	-121.35%	-

Earnings

Report Date	Feb 26, 2018	May 14, 2018	Aug 10, 2018	Nov 13, 2018	Feb 25, 2019	May 13, 2019	Aug 14, 2019	Nov 13, 2019	Feb 21, 2020	May 14, 2020	Aug 11, 2020	Nov 13, 2020	Feb 22, 2021	May 14, 2021	Aug 13, 2021	Nov 12, 2021	Feb 18, 2022	May 13, 2022	Aug 11, 2022	Nov 11, 2022	Feb 15, 2023	May 15, 2023	Aug 10, 2023	Nov 9, 2023	Feb 15, 2024	May 9, 2024	Aug 8, 2024	Nov 14, 2024	Feb 10, 2025	May 7, 2025	Aug 8, 2025	Nov 6, 2025	Feb 17, 2026	May 7, 2026	Aug 6, 2026
EPS Estimate	0.05	0.06	0.07	0.07	0.06	0.09	0.11	0.14	0.10	-0.08	0.46	0.09	0.11	-	0.19	0.18	0.18	0.17	0.17	0.25	0.37	0.32	0.32	0.31	0.36	0.38	0.43	0.42	0.41	0.42	0.63	0.59	0.12	0.52	0.55
EPS Actual	0.06	0.10	0.03	0.11	0.05	0.12	0.11	0.10	0.08	-0.04	0.18	0.09	0.16	0.14	0.12	0.14	0.26	0.29	0.29	0.09	0.46	0.33	0.25	0.29	0.41	0.30	0.40	0.52	0.33	0.46	0.52	0.49	0.50	0.62	0.83
Surprise	20.00%	66.67%	-57.14%	57.14%	-16.67%	33.33%	0.00%	-28.57%	-20.00%	50.00%	-60.87%	0.00%	45.45%	-	-36.84%	-22.22%	44.44%	70.59%	70.59%	-64.00%	24.32%	3.13%	-21.88%	-6.45%	13.89%	-21.05%	-6.98%	23.81%	-19.51%	9.52%	-17.46%	-16.95%	316.67%	19.23%	50.91%
Timing	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market

Key Statistics & Ratios

Market Cap911.33B

Enterprise Value1.26T

Trailing P/E11.78

Forward P/E23.36

PEG Ratio2.33

Price / Sales6.40

Price / Book2.84

EPS5.18

Book Value21.13

Revenue (TTM)142.48B

Gross Profit (TTM)28.42B

EBITDA31.87B

Profit Margin26.45%

Operating Margin17.59%

Return on Equity12.37%

Return on Assets2.12%

Shares Outstanding14.94B

Shares Float7.31B

Beta0.51

Dividend Yield1.75%

Dividend Rate1.05

Payout Ratio53.85%

Dividends

20261×

1.05Mar 2, 2026

Stock Splits

Aug 6, 20201241:1227
Apr 16, 20205:1