IRPC Public Company Limited (IRPSY)
POSITIVEFundamental
68
Kurs
$2.42
Marktkapitalisierung
$51.43B
Teil 1 · Was das Unternehmen wert ist
Übersicht
IRPC refines crude oil into fuels and turns some of that output into petrochemicals, at an integrated site in Thailand that is the country's second-largest refinery, with capacity of about 215,000 barrels a day. It also sells lubricants, asphalt and plastics such as polyethylene and polypropylene. The company is majority-linked to Thailand's national oil company PTT, which owns roughly 45% of it and supplies its crude oil.
Wie das Geld verdient wird
Revenue comes from selling refined fuels, petrochemicals and related products at market prices, so profit depends on the spread between the cost of crude oil and the price of what comes out the other end — a margin that swings with global oil and petrochemical markets rather than being set by the company. PTT supplies essentially all of its crude, but at market price rather than at a discount, so ownership does not translate into a lower input cost.
Wettbewerbsvorteil
Kein erkennbarer Vorteil · KeinerIRPC buys its main input, crude oil, at market price even from its own parent company, and sells fuels and basic petrochemicals that are largely undifferentiated commodities priced on global markets. Being Thailand's second-largest refiner gives it local scale, but not a cost or pricing advantage over other refiners exposed to the same crude and product prices.
Was die Nachfrage antreibt
ZyklischAs a refiner and petrochemical producer, results move with global crude oil prices and refining margins, which swing with the broader economy, energy demand and regional refining capacity — not with any steady, non-discretionary consumption pattern.
Die Argumente dafür
Buyers argue that being tied to PTT, Thailand's national oil company and a roughly 45% owner, gives IRPC funding support and credit-rating uplift in stressed periods, and that its position as the country's second-largest, fully integrated refining-and-petrochemical complex is not easily replicated.
Die Argumente dagegen
Sellers fear that buying crude at market price even from its own parent leaves IRPC with no cost advantage, that refining and petrochemical margins are set by volatile global markets outside its control, and that a commodity business with no pricing power offers little protection when those margins compress.
Written by the editors, published on 18. August 2026
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Who this company fights with for the same customers
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Bilanz & Liquidität
Umsatz
$283.23B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Nettogewinn
$5.52B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Freier Cashflow
$20.46B
Gesamtes Eigenkapital
$76.40B
Gesamtverbindlichkeiten
$67.55B
Current Ratio
1.36
Zinsdeckungsgrad
-
Schulden/EBITDA
2.77
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$5.93
Aktueller Kurs
$2.42
Sicherheitsmarge
+59.2%
Innerer-Wert-Spanne
$3.86 - $8.01
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
9.32
ROE
14.8%
P/B-Verhältnis
0.70
P/FCF
2.51
Bruttomarge
5.8%
ROIC
4.9%
Rentabilitäts-Radar
Value Creation (Economic Moat)
ROIC
4.9%
WACC
5.9%
ROIC − WACC
-1.0 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamentalanalyse-Kriterien
Bestanden (12)
- P/FCF 2.51
- P/B Ratio 0.70
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 8.1%
- Revenue Growth 5Y 9.9%
- Earnings Surprise avg 37.9%
- Net Margin Trend -1.3% vs -1.6%
Nicht bestanden (7)
- Price CAGR -7.06%
- ROIC 4.9%
- Gross Margin 5.8%
- Operating Margin 3.0%
- CapEx intensity
- Analyst Consensus 11% Buy
- Piotroski F-Score 2/9
Nicht verfügbar (8)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
- Share Dilution (missing shares data)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Niedrige Qualität: Rechnungslegung prüfen
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Terdkiat Prommool | President, CEO, Secretary & Director | 58 |
| Ms. Torsang Chaipravat | Senior EVP of Corporate Accounting & Finance | 49 |
| Mr. Lersak Thongruang | Senior Executive Vice President of Operation | 58 |
| Ms. Wanida Utaisomnapa | Senior Executive Vice President of Corporate Commercial & Marketing | 59 |
| Mr. Kraisit Anukoolutaiwong | Executive VP of Corporate People & Organization Effectiveness | 63 |
| Mr. Thammasak Panyowatkool | Executive Vice President of Corporate Organization Effectiveness | 58 |
| Mr. Rathapol Unakanporn | Executive VP of Infrastructure Logistics & Operation Excellence | 62 |
| Mr. Pranarch Kosayanont | Senior Executive Vice President of Corporate Strategy Planning & Business Development | 58 |
| Mr. Poramet Junwichit | Senior Executive Vice President of Corporate Organization Effectiveness | 60 |
| Mr. Apichit Wongpanit | Acting Senior Executive Vice President of Corporate Organization Effectiveness and Digital | - |
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for IRPSY, sourced from Markets Gazette.