12-31-2022
| THB/share | |
| Price | 56.25 |
| Dividend | 3.84 |
| Earnings | 5.74 |
| Cash-flow | 2.11 |
| Book value | 56.25 |
| Equity | 53.15 |
Thai Oil is part of Oil and Gas Producers business, which is part of Oil and Gas industry. Thai Oil is a company from Thailand, and his stocks are publicly traded.
Thai Oil paid a total dividend of 8,498 million THB last year, for a market value of 124,481 millions (Market Cap 62,251 millions). Dividend per share of Thai Oil is 3.84 THB, and his stock market price 56.25 THB.
According to the chart below, where dividend yield is displayed, Thai Oil has a dividend yield of 6.83%, which is higher than the amount offered by both the market average and companies from Thailand. It is also bigger than average of Oil and Gas industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare Thai Oil dividend yield with other Oil and Gas Producers companies or firms from Thailand.
Thai Oil Dividend Payout
About the ability of Thai Oil to maintain his current dividend of THB 3.84 per share, an amount that accounts for 6.83%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Thai Oil payout on ernings is currently 66.90%, which is higher than the market average, and companies of Oil and Gas industry, which are 41.22% and 58.03% respectively. Both figures show that Thai Oil can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Thai Oil is THB 2.11 per share, which is lower than the dividend per share paid by the company of THB 3.84, so the company does not generate enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Thai Oil, compared againt world market average, Thailand companies, Oil and Gas industry and Oil and Gas Producers sector companies.
Thai Oil Dividend History
| Year | Yield | THB | Paypout | Shares* |
| Present | 6.83% | 3.84 | 66.90% | 2,213 |
| 2021 | 2.63% | 1.30 | -84.97% | 2,040 |
| 2020 | 0.96% | 0.50 | 15.77% | 2,040 |
| 2019 | 3.08% | 2.15 | 42.57% | 2,040 |
| 2018 | 7.92% | 5.25 | 42.79% | 2,040 |
| 2017 | 4.35% | 4.50 | 43.06% | 2,040 |
| 2016 | 4.46% | 3.30 | 54.82% | 2,040 |
| 2015 | 2.56% | 1.50 | -78.13% | 2,040 |
*In millions
Thai Oil Stock performance
Finally, last moth Thai Oil showed a return of 1.40% compared to a worldwide -2.30% average, and a -2.60% of Oil and Gas firms. Over the last year, the company obtained a 14.00% versus a worldwide performance of a -5.85%. More detailed information can be seen in the following graph for Thailand and Oil and Gas Producers firms.
