IRPC Public Company Limited (IRPSY)
Valor JustoFundamental
79
Precio
$2.84
Capitalización Bursátil
$64.09B
Parte 1 · Cuánto vale la empresa
Resumen
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.
Cómo genera ingresos
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.
Ventaja competitiva
Sin ventaja identificada · NingunaIRPC 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.
Qué impulsa la demanda
CíclicoAs 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.
Los argumentos a favor
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.
Los argumentos en contra
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 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de septiembre de 2026 with claude-haiku-4-5 — shared with all users
Thailand's largest refiner, selling the same gasoline, diesel, jet fuel and aromatics into the same domestic and regional customers as IRPC's Rayong complex.
The other Thai integrated refiner-petrochemical producer, competing directly in olefins, polyethylene and polypropylene resins sold to the same plastics converters.
Thailand's largest polyolefin producer, competing with IRPC's POLIMAXX polyethylene and polypropylene grades for domestic and export plastics customers.
Runs the Bangchak and Sriracha refineries plus a nationwide service-station network, competing for the same Thai fuel demand IRPC's refinery supplies.
Operates a Map Ta Phut refinery next door to IRPC's, selling refined fuels and naphtha to the same Thai wholesale and petrochemical buyers.
Balance y Liquidez
Ingresos
$298.25B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Beneficio Neto
$10.50B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Flujo de Caja Libre
$20.46B
Patrimonio Neto Total
$76.50B
Pasivo Total
$67.55B
Ratio de Liquidez
1.36
Cobertura de Intereses
-
Deuda/EBITDA
2.77
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$3.53
Precio Actual
$2.84
Margen de Seguridad
+19.5%
Rango de Valor Justo
$2.29 - $4.76
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
5.52
ROE
14.8%
Ratio P/B
0.76
P/FCF
3.13
Margen Bruto
6.9%
ROIC
4.9%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
4.9%
WACC
6.6%
ROIC − WACC
-1.8 pp
El ROIC está por debajo del coste del capital: la empresa destruye valor por cada dólar invertido.
Criterios de Análisis Fundamental
Superado (12)
- P/FCF 3.13
- P/B Ratio 0.76
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 15.0%
- Revenue Growth 5Y 9.9%
- Earnings Surprise avg 58.6%
- Net Margin Trend -1.3% vs -1.6%
Fallido (7)
- Price CAGR -5.10%
- ROIC 4.9%
- Gross Margin 6.9%
- Operating Margin 4.9%
- CapEx intensity
- Analyst Consensus 11% Buy
- Piotroski F-Score 2/9
No disponible (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
Preocupaciones financieras graves
Calidad de los Beneficios
Baja calidad: investigue la contabilidad
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
No hay declaraciones institucionales para esta empresa.
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| 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 | - |
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for IRPSY, sourced from Markets Gazette.