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PTT Oil and Retail Business PCL
SET:OR

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PTT Oil and Retail Business PCL
SET:OR
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Price: 12.3 THB 2.5% Market Closed
Market Cap: ฿147.6B

EV/EBITDA

6.2
Current
32%
Cheaper
vs 3-y average of 9.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.2
=
Enterprise Value
฿142.3B
/
EBITDA
฿20.6B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.2
=
Enterprise Value
฿142.3B
/
EBITDA
฿20.6B

Valuation Scenarios

PTT Oil and Retail Business PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.1), the stock would be worth ฿18.15 (48% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+92%
Average Upside
55%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 6.2 ฿12.3
0%
3-Year Average 9.1 ฿18.15
+48%
5-Year Average 11.8 ฿23.63
+92%
Industry Average 8.6 ฿17.08
+39%
Country Average 8.6 ฿17.21
+40%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿142.3B
/
Jan 2026
฿20.6B
=
6.2
Current
฿142.3B
/
Dec 2026
฿21.2B
=
6.7
Forward
฿142.3B
/
Dec 2027
฿22.4B
=
6.4
Forward
฿142.3B
/
Dec 2028
฿22.2B
=
6.4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
PTT Oil and Retail Business PCL
SET:OR
147.6B THB 6.2 13.2
US
Carvana Co
NYSE:CVNA
87.8B USD 41.7 62.4
US
O'Reilly Automotive Inc
NASDAQ:ORLY
78.2B USD 21.1 30.8
US
Autozone Inc
NYSE:AZO
59.2B USD 16.1 24.2
ZA
Motus Holdings Ltd
JSE:MTH
20.4B ZAR 5.6 7.6
US
Penske Automotive Group Inc
NYSE:PAG
10.7B USD 11.4 11.4
US
Murphy Usa Inc
NYSE:MUSA
9.2B USD 11.1 19.6
TW
Hotai Motor Co Ltd
TWSE:2207
286.9B TWD 19.7 15.2
BR
Vibra Energia SA
BOVESPA:VBBR3
37B BRL 10.7 18.8
US
AutoNation Inc
NYSE:AN
7.4B USD 10.2 11.4
US
Lithia Motors Inc
NYSE:LAD
6.8B USD 11.1 8.3

Market Distribution

Lower than 73% of companies in Thailand
Percentile
27th
Based on 406 companies
27th percentile
6.2
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

PTT Oil and Retail Business PCL
Glance View

Market Cap
147.6B THB
Industry
Retail

In the bustling landscape of Southeast Asia's energy and retail sector, PTT Oil and Retail Business PCL (OR) stands out as a dynamic player with a comprehensive business model designed to harness Thailand’s burgeoning demand for energy and consumer goods. OR, a subsidiary of PTT Public Company Limited, operates an extensive network of fuel stations across the country, making it a vital conduit for energy distribution. The company doesn't stop at simply selling fuel; it has strategically leveraged its locations by integrating convenience stores, branded cafes like Café Amazon, and quick-service restaurants. This blended approach not only maximizes revenue per square foot but also enhances customer loyalty by meeting various consumer needs under one roof. In essence, OR's innovation lies in its ability to offer a seamless experience that caters to the everyday lifestyle of the modern Thai consumer. Beyond its traditional oil-based operations, OR is acutely attuned to the trends shaping the global energy future. The company is investing in cleaner energy alternatives, including electric vehicle charging stations, to align itself with shifting consumer preferences and environmental mandates. Meanwhile, its retail segment continues to expand, reaching out into international markets in the region, bringing in a diversified stream of income. This dual-pronged strategy of adapting and expanding is aimed at ensuring OR not only maintains its dominant position in the domestic market but also gains a competitive edge in the broader ASEAN region. It's a balanced act—capitalizing on its robust petroleum distribution network while sowing seeds in the emerging fields of renewable energy and innovative retail concepts.

OR Intrinsic Value
LOCKED
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