IRPC Public Company Limited (IRPSY)
Juste valeurFondamental
79
Prix
$2.84
Capitalisation boursière
$64.09B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Avantage concurrentiel
Aucun avantage identifié · AucunIRPC 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.
Ce qui stimule la demande
CycliqueAs 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.
Les arguments en faveur
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.
Les arguments contre
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 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 septembre 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.
Bilan & Liquidités
Chiffre d'affaires
$298.25B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$10.50B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$20.46B
Capitaux propres totaux
$76.50B
Passif total
$67.55B
Ratio de liquidité général
1.36
Couverture des intérêts
-
Dette/EBITDA
2.77
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$3.53
Prix actuel
$2.84
Marge de sécurité
+19.5%
Fourchette de juste valeur
$2.29 - $4.76
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
5.52
ROE
14.8%
Ratio P/B
0.76
P/FCF
3.13
Marge brute
6.9%
ROIC
4.9%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
4.9%
WACC
6.6%
ROIC − WACC
-1.8 pp
Le ROIC est inférieur au coût du capital — l'entreprise détruit de la valeur pour chaque dollar investi.
Critères d'analyse fondamentale
Réussi (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%
Échoué (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
Indisponible (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)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité faible : examiner la comptabilité
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Aucune déclaration institutionnelle pour cette entreprise.
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 | - |
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for IRPSY, sourced from Markets Gazette.