PTT Public Company Limited (PUTRY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PTT Public Company Limited (PUTRY) trades at $5.90. PTT Public Company Limited is Thailand's largest energy company, operating across the petroleum and petrochemical value chain. Market cap: $33.42B, Sector: Energy.
Last analyzed: Mar 16, 2026Analyst Coverage for PUTRY: PUTRY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PUTRY against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
PUTRY: 1/1 perspectives are bearish.
PTT Public Company Limited (PUTRY) Energy Operations & Outlook
PTT Public Company Limited, Thailand's national oil company, operates as an integrated energy and petrochemical conglomerate with significant operations across Asia, Europe, and the United States. With a diversified portfolio spanning upstream, midstream, and downstream activities, PTT is expanding into renewable energy and infrastructure while maintaining a strong dividend yield of 6.72%.
What Is the Investment Thesis for PUTRY?
PTT Public Company Limited presents a compelling investment case based on its integrated business model, strong regional presence, and commitment to expanding into new energy sectors. With a market capitalization of $36.26 billion and a P/E ratio of 10.76, PTT offers value relative to its peers. The company's dividend yield of 6.72% provides an attractive income stream for investors. Growth catalysts include increasing demand for natural gas in Southeast Asia, expansion of its petrochemical business, and investments in renewable energy projects. Potential risks include fluctuations in global oil prices, regulatory changes in Thailand's energy sector, and competition from other regional energy players. The company's beta of 0.44 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
PUTRY Key Highlights
- Market capitalization of $36.26 billion, reflecting its significant presence in the energy sector.
- P/E ratio of 10.76, indicating a potentially undervalued investment compared to industry peers.
- Dividend yield of 6.72%, offering an attractive income stream for investors.
- Profit margin of 3.4% demonstrates its ability to generate profits amidst fluctuating energy prices.
- Beta of 0.44 suggests lower volatility compared to the broader market, providing stability for investors.
Who Are PUTRY's Competitors?
PUTRY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ENBFF Enbridge Inc. | $15.50 | +0.00% | $33.80B | 49 |
| GLPEY Galp Energia, SGPS, S.A. | $11.19 | +0.45% | $33.48B | 45 |
| MPLX MPLX LP owns and | $57.00 | +0.90% | $57.84B | 57 |
| OGFGF Origin Energy Limited | $7.92 | +0.00% | $13.64B | 49 |
| OGFGY Origin Energy Limited | $8.55 | +9.90% | $14.73B | 49 |
| OAOFY PJSC Tatneft | $9.55 | +0.00% | $21.49B | 56 |
| EQNR Equinor ASA is an energy company involved in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, as well as other forms of energy. The company | $36.65 | -0.27% | $92.90B | 56 |
| NFG National Fuel Gas Company | $77.48 | +0.89% | $7.36B | 55 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PUTRY's Key Strengths?
- Integrated operations across the energy value chain.
- Strong regional presence in Thailand and Southeast Asia.
- Government support as Thailand's national oil company.
- Significant infrastructure assets, including pipelines and LNG terminals.
What Are PUTRY's Weaknesses?
- Exposure to fluctuating global oil prices.
- Dependence on government policies and regulations.
- Limited presence in international markets outside of Asia.
- Relatively low profit margin compared to some competitors.
What Could Drive PUTRY Stock Higher?
- Expansion of LNG import and distribution infrastructure to meet growing demand in Southeast Asia.
- Investments in renewable energy projects, including solar, wind, and biomass power generation.
- Potential for increased demand for petrochemical products in Asia, driven by economic growth.
- Development of electric vehicle (EV) charging infrastructure across Thailand.
- Government support for energy infrastructure projects in Thailand.
What Are the Key Risks for PUTRY?
- Fluctuations in global oil and gas prices can impact profitability.
- Regulatory changes in Thailand's energy sector could affect operations.
- Competition from other regional and international energy companies.
- Geopolitical risks and instability in the region.
- Currency risk associated with fluctuations in the Thai Baht.
What Are the Growth Opportunities for PUTRY?
- Expansion of LNG Business: PTT is investing in the development of liquefied natural gas (LNG) infrastructure, including import terminals and regasification facilities. The demand for LNG in Southeast Asia is expected to increase significantly as countries seek to diversify their energy sources and reduce reliance on coal. This expansion allows PTT to capitalize on the growing LNG market, estimated to reach $70 billion by 2028, and strengthen its position as a regional energy hub.
- Renewable Energy Investments: PTT is actively investing in renewable energy projects, including solar, wind, and biomass power generation. As governments and consumers increasingly prioritize clean energy, PTT's investments in renewables position it to capture a share of the growing green energy market. The global renewable energy market is projected to reach $2.15 trillion by 2030, offering substantial growth opportunities for PTT.
- Petrochemical Expansion: PTT is expanding its petrochemical production capacity to meet growing demand for polymers and other petrochemical products in Asia. This expansion includes investments in new production facilities and upgrades to existing plants. The petrochemical market in Asia is driven by increasing demand from the packaging, automotive, and construction industries, presenting a significant growth opportunity for PTT.
- Infrastructure Development: PTT is involved in infrastructure development projects, including pipeline networks, power plants, and industrial estates. These projects support Thailand's economic growth and provide PTT with long-term revenue streams. The infrastructure market in Southeast Asia is expected to grow significantly in the coming years, driven by increasing urbanization and industrialization.
- Electric Vehicle (EV) Infrastructure: PTT is investing in the development of electric vehicle (EV) charging infrastructure across Thailand. As the adoption of EVs increases, PTT's charging network will provide a valuable service to EV owners and generate revenue. The EV market in Thailand is still in its early stages, but it is expected to grow rapidly in the coming years, driven by government incentives and increasing consumer awareness.
What Opportunities Does PUTRY Have?
- Expansion of LNG business to meet growing demand in Southeast Asia.
- Investments in renewable energy projects to capitalize on the green energy transition.
- Growth in petrochemical production to meet increasing demand in Asia.
- Development of electric vehicle (EV) charging infrastructure.
What Threats Does PUTRY Face?
- Competition from other regional and international energy companies.
- Geopolitical risks and instability in the region.
- Environmental concerns and regulations.
- Technological disruptions in the energy sector.
What Are PUTRY's Competitive Advantages?
- Integrated Business Model: PTT's integrated operations across the energy value chain provide a competitive advantage by allowing it to capture value at each stage.
- Strong Regional Presence: PTT has a well-established presence in Thailand and Southeast Asia, giving it a competitive edge in the regional energy market.
- Government Support: As Thailand's national oil company, PTT benefits from government support and preferential treatment.
- Infrastructure Assets: PTT owns and operates critical infrastructure assets, such as pipelines and LNG terminals, which are difficult and costly to replicate.
What Does PUTRY Do?
Founded in 1978 and headquartered in Bangkok, Thailand, PTT Public Company Limited has evolved into a multifaceted energy and petrochemical enterprise. Originally established as the Petroleum Authority of Thailand, PTT was corporatized and listed on the Stock Exchange of Thailand. The company's operations are structured into three primary business groups: Upstream Petroleum and Natural Gas, Downstream Petroleum, and New Business and Infrastructure. PTT's Upstream division focuses on the exploration and production of crude oil and natural gas. The Downstream segment refines, markets, and distributes petroleum products, including gasoline, diesel, and lubricants, through a network of service stations. It also produces and sells petrochemical products, such as polymers and aromatics. The New Business and Infrastructure Group invests in renewable energy projects, power generation, and infrastructure development, including liquefied natural gas (LNG) terminals and pipeline networks. PTT's geographic footprint extends beyond Thailand, with operations and investments in other Asian countries, Europe, and the United States. The company also provides various support services, including project management, human resource support, and technical consulting. PTT's integrated business model and strategic investments position it as a key player in the regional energy market.
What Products and Services Does PUTRY Offer?
- Explores and produces petroleum and natural gas.
- Procures, transmits, distributes, and separates natural gas.
- Refines and markets petroleum products, including gasoline and diesel.
- Produces and distributes petrochemical products, such as polymers.
- Generates and distributes electricity, steam, and water for industrial purposes.
- Invests in liquefied natural gas (LNG) business.
- Develops real estate properties.
- Manufactures and distributes biochemical products.
How Does PUTRY Make Money?
- Generates revenue from the sale of crude oil and natural gas.
- Refines crude oil into petroleum products and sells them through a network of service stations.
- Produces and sells petrochemical products to various industries.
- Generates revenue from electricity, steam, and water sales.
- Invests in and operates infrastructure projects, such as pipelines and LNG terminals.
What Industry Does PUTRY Operate In?
PTT Public Company Limited operates within the dynamic and competitive energy industry. The industry is characterized by fluctuating commodity prices, evolving regulatory landscapes, and increasing demand for cleaner energy sources. The Southeast Asian energy market, where PTT has a strong presence, is experiencing rapid growth driven by urbanization and industrialization. PTT competes with other regional and international energy companies, including ENBFF (Enbridge), GLPEY (Gazprom), MPLX, OGFGF, and OGFGY. The company's integrated business model and strategic investments in renewable energy position it to capitalize on emerging trends and maintain its competitive edge.
Who Are PUTRY's Key Customers?
- Consumers who purchase gasoline, diesel, and other petroleum products at PTT service stations.
- Industrial customers who purchase petrochemical products for manufacturing processes.
- Power plants and industrial facilities that purchase natural gas for fuel.
- Businesses and individuals who purchase electricity, steam, and water.
- Real estate developers and investors.
PUTRY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that insiders believe the stock is undervalued.
- Community sentiment has shifted positively, with discussions highlighting PTT's strong position in the energy sector amid rising demand for sustainable energy.
- Market perception is improving as PTT continues to expand its renewable energy initiatives, aligning with global trends towards sustainability.
- Recent partnerships and collaborations in the energy sector have generated buzz, showcasing PTT's commitment to innovation and growth.
Bear Case
- Concerns remain around regulatory challenges in the energy sector, which could impact PTT's operations and profitability.
- Social sentiment has shown some skepticism regarding the pace of PTT's transition to renewable energy, with investors questioning its long-term strategy.
- Recent market developments indicate increased competition in the energy sector, potentially eroding PTT's market share and pricing power.
- Economic uncertainties in the region may affect demand for PTT's products, leading to cautious sentiment among traders.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $743.06B | $26.61B | $4.70 |
| Q4 2025 | $625.20B | $25.00B | $4.41 |
| Q3 2025 | $646.69B | $19.78B | $3.49 |
| Q2 2025 | $676.75B | $21.53B | $3.79 |
Based on FMP financials and quantitative analysis
PUTRY Latest News
No recent news available for PUTRY.
PUTRY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PUTRY.
Price Targets
Wall Street price target analysis for PUTRY.
PUTRY MoonshotScore
What does this score mean?
The MoonshotScore rates PUTRY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Kongkrapan Intarajang
CEO
Kongkrapan Intarajang is the Chief Executive Officer of PTT Public Company Limited. He has extensive experience in the energy industry, having held various leadership positions within PTT and its subsidiaries. His background includes expertise in finance, strategic planning, and business development. He holds degrees in engineering and business administration, providing him with a strong foundation for leading a complex energy company.
Track Record: Under Kongkrapan Intarajang's leadership, PTT has focused on expanding its renewable energy portfolio and diversifying its business operations. He has overseen significant investments in LNG infrastructure and petrochemical production capacity. He has also emphasized sustainability and environmental responsibility, aligning PTT's operations with global best practices.
PTT Public Company Limited ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that are held by a U.S. depositary bank. PUTRY is traded as a Level 1 ADR, meaning it trades on the over-the-counter (OTC) market. This allows U.S. investors to invest in PTT Public Company Limited without directly dealing with the Thai stock exchange.
- Home Market Ticker: Stock Exchange of Thailand (SET), Bangkok, Thailand
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: PUTR
PUTRY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for less transparency and regulatory oversight compared to listed companies. This tier is also known for minimal listing standards and potential speculative trading.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Lower trading volume and liquidity.
- Wider bid-ask spreads.
- Potential for price volatility and manipulation.
- Higher risk of fraud or mismanagement.
- Verify the company's registration and legal status.
- Obtain and review the company's financial statements, if available.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's business model and growth prospects.
- Check for any regulatory actions or legal disputes involving the company.
- Understand the risks associated with investing in OTC stocks.
- Established history as Thailand's national oil company.
- Operations across the energy value chain.
- Presence in multiple countries.
- Market capitalization of $36.26 billion suggests a substantial enterprise.
- Dividend yield of 6.72% indicates a commitment to returning value to shareholders.
Common Questions About PUTRY (Energy)
What does PTT Public Company Limited do?
PTT Public Company Limited is an integrated energy and petrochemical company based in Thailand. It operates across the entire energy value chain, from upstream exploration and production of oil and gas to downstream refining, marketing, and distribution of petroleum and petrochemical products. PTT also invests in new energy and infrastructure projects, including renewable energy, power generation, and liquefied natural gas (LNG) terminals. The company serves a wide range of customers, including consumers, industrial users, and power plants, both in Thailand and internationally.
What are the main risks for PUTRY?
PTT Public Company Limited faces several risks, including fluctuations in global oil and gas prices, which can impact its profitability. Regulatory changes in Thailand's energy sector could also affect its operations. Competition from other regional and international energy companies poses a threat to its market share. Geopolitical risks and instability in the region could disrupt its operations and supply chains. Additionally, currency risk associated with fluctuations in the Thai Baht can impact its financial performance.
What are the key factors to evaluate for PUTRY?
Evaluate PUTRY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does PUTRY data refresh on this page?
PUTRY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven PUTRY's recent stock price performance?
PTT Public Company Limited (PUTRY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Integrated operations across the energy value chain. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PUTRY overvalued or undervalued right now?
Valuing PTT Public Company Limited (PUTRY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying PUTRY?
Before investing in PTT Public Company Limited (PUTRY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding PUTRY to a portfolio?
Key strength of PTT Public Company Limited (PUTRY): Integrated operations across the energy value chain. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for PUTRY, which may provide additional insights.
- OTC market data may be less reliable than data from major exchanges.