Gulf Energy Development PCL (GULF.BK) Stock Price

Gulf Energy Development PCL Price

SET·CLOSED
59.25
​
Market closed

Revenue has compounded at 55.4% per year over the past 11 years to 98.89 B THB. Earnings per share have grown at 72.9% per year over the last 9 years. Gulf Energy Development PCL's net margin stands at 80.9%, up from 16.2% several years earlier. Gulf Energy Development PCL currently offers a dividend yield of about 1.70%. The payout ratio is around 19% of earnings. The dividend has grown at 43.7% per year over the past 7 years. Analysts set a median price target of 61.71 THB, implying 4.2% above the current price. Of 20 analysts, 19 rate the stock a buy — an overall Buy consensus.

Gulf Energy Development PCL stock price

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Gulf Energy Development PCL business model & stock analysis

Gulf Energy Development PCL is a leading energy provider in Thailand that has continuously grown since its establishment in 2011. However, the beginnings of this company started as early as 1995 when it contributed to the development of power plants as part of a larger conglomerate. The business model of Gulf Energy Development PCL aims not only at the generation and sale of electricity but also at the improvement and expansion of energy infrastructure in Thailand. The company focuses on environmentally friendly and sustainable energy production. Gulf Energy Development PCL is divided into three business segments: energy generation, energy infrastructure, and energy services. In energy generation, the company develops and operates both conventional and renewable energy projects such as coal-fired power plants, gas-fired power plants, solar parks, and wind farms. In the field of energy infrastructure, Gulf Energy Development PCL invests in the development and expansion of energy infrastructure, such as electrical transmission and distribution networks, as well as gas pipelines. In the energy services segment, the company specializes in energy-efficient solutions. This includes the planning, installation, and maintenance of energy efficiency and energy-saving programs, including associated building management services. Gulf Energy Development PCL also offers customized solutions as part of its products. The company provides tailored energy projects that are designed to meet the specific needs and requirements of customers. This includes energy management solutions aimed at optimizing the energy consumption of businesses and public institutions. Gulf Energy Development PCL is one of the leading players in the Thai energy industry with comprehensive expertise in energy generation and infrastructure, as well as energy services. The company aims to further expand its position as a leading energy provider in Thailand and solidify its role as a driving force in the development of sustainable energy infrastructure.

Frequently asked questions about Gulf Energy Development PCL

The business model of Gulf Energy Development PCL is focused on the energy sector, particularly in the development and operation of power projects. The company primarily engages in the production and distribution of electricity, natural gas, and other renewable energy sources. Gulf Energy Development PCL invests in various power generation projects, including gas-fired power plants, solar farms, wind farms, and hydropower. Through its extensive portfolio, the company aims to generate sustainable and reliable energy solutions to meet the growing demands of Thailand's energy market. Gulf Energy Development PCL's business model allows it to contribute towards the development of a cleaner and more efficient energy sector in the country.

Gulf Energy Development PCL is primarily active in the energy and power sectors. As a leading independent power producer in Thailand, Gulf Energy focuses on the development, operation, and maintenance of power plants. The company's diversified portfolio includes conventional and renewable power generation projects, ranging from natural gas, wind, solar, and biomass sources. Gulf Energy's expertise extends to various industries, such as electricity generation, power distribution, and energy trading. With its commitment to sustainable and clean energy solutions, Gulf Energy Development PCL continues to play a crucial role in the development and growth of Thailand's energy infrastructure.

The main competitors of Gulf Energy Development PCL in the market include companies such as Electricity Generating Public Company Limited (EGCO), Ratch Group Public Company Limited, and BCPG Public Company Limited. These companies are engaged in similar businesses within the energy sector and provide competition to Gulf Energy Development PCL in terms of power generation and related activities. Gulf Energy Development PCL operates alongside these competitors to maintain its position and strategic advantage in the market.

Gulf Energy Development PCL is a leading energy company headquartered in Thailand. Established in 2011, the company focuses on the development, investment, and operation of power projects across the region. Gulf Energy has a diverse portfolio that includes gas-fired power plants, solar farms, and wind turbines, reflecting their commitment to clean and sustainable energy solutions. With a strong track record, Gulf Energy has grown rapidly and successfully expanded its market presence both domestically and internationally. By leveraging their expertise and strategic partnerships, the company continues to drive innovation and contribute to the growth of the energy industry.

Gulf Energy Development PCL has achieved several significant milestones in its history. One notable milestone is the successful completion of numerous power projects across Thailand. These projects have greatly contributed to the company's growth and positioned it as a leading player in the energy sector. Gulf Energy Development PCL has also gained recognition for its commitment to sustainable and environmentally friendly practices. Additionally, the company's strong financial performance and strategic partnerships have further solidified its position in the market. Overall, Gulf Energy Development PCL continues to make significant strides in the energy industry, establishing itself as a reputable and successful player.

Gulf Energy Development PCL is primarily present in Thailand and other Southeast Asian countries.

Gulf Energy Development PCL is a leading energy company that upholds strong values and a clear corporate philosophy. The company's core values center around sustainability, innovation, and integrity. Gulf Energy is committed to delivering sustainable energy solutions that benefit both the environment and society as a whole. With a focus on innovation, they consistently seek creative and efficient approaches to meet the ever-growing energy demands. Additionally, Gulf Energy places great emphasis on maintaining integrity in all aspects of their operations, ensuring transparency, and building trust with stakeholders. By aligning their actions with these values, Gulf Energy Development PCL is dedicated to driving positive change in the energy sector.

Analysts currently set an average price target of 62.58 THB for the Gulf Energy Development PCL stock (median: 61.71 THB), implying +5.6 % versus the latest price. The consensus is based on 20 analyst ratings.

20 analysts currently rate the Gulf Energy Development PCL stock: 19 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Gulf Energy Development PCL to generate revenue of 145.76 B THB and earnings per share of 2.41 THB.

Converted at the current exchange rate, the Gulf Energy Development PCL share trades at 1.57 EUR (59.25 THB).

Gulf Energy Development PCL is a leading energy and power supply company in Thailand. The company's business model focuses on the generation, transmission, distribution, and sale of electricity, gas, and other energy products. The company's divisions can be divided into three areas: power generation, power transmission, and power distribution. Power generation: The power generation segment includes the company's power generation facilities in Thailand. Gulf Energy Development operates power plants that utilize both fossil fuels and renewable energy sources such as wind power, biomass, and solar energy. The company also owns stakes in other coal and gas power plants in Thailand and other countries. Power transmission: Gulf Energy Development is also involved in power transmission. The company owns and operates transmission lines that transport electricity from power plants to power distribution networks in Thailand. Power distribution: The company is also active in the power distribution sector. Gulf Energy Development operates power distribution networks that bring electricity to end consumers in Thailand. The company works closely with the Thai government to improve electricity supply in rural areas and isolated communities. Products offered by Gulf Energy Development include electricity, gas, and other energy sources. The company also provides consulting and engineering services related to energy projects, such as planning, designing, and constructing power plants and energy transmission and distribution networks. Gulf Energy Development PCL's business model relies on long-term investments in energy sources to ensure reliable electricity supply in Thailand. The company is committed to sustainable development and is increasing its investments in renewable energy. Gulf Energy Development aims to generate more than 3,000 MW of renewable energy in Thailand by 2025. Overall, Gulf Energy Development PCL pursues a strategy of vertical integration, allowing it to effectively manage its energy sources and services while ensuring reliable electricity supply for its customers. The company also engages in partnerships and joint ventures to strengthen its presence in the energy industry and expand its business operations.

The expected revenue of Gulf Energy Development PCL is 145.76 B THB. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Gulf Energy Development PCL is 36.01 B THB. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Gulf Energy Development PCL is currently 24.58. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Gulf Energy Development PCL stock.

The price-to-sales ratio (P/S) of Gulf Energy Development PCL is currently 6.07. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Gulf Energy Development PCL stock.

The Eulerpool Quality Score for Gulf Energy Development PCL is 5/10.

The ISIN of Gulf Energy Development PCL is TH8319010Z06. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Gulf Energy Development PCL is GULF.BK. The ticker symbol is used to trade Gulf Energy Development PCL shares on the stock exchange.

Fair ValueTerminal
59.84 THB
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Electricity Producers
Number of shares
Employees
Revenue per Employee
107.60 M THB
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website gulf.co.th
Country
Thailand
Currency
THB
Initial public offering
Dec 6, 2017
ISIN
TH8319010Z06
Cusip
Y2957T140
Sedol
BLR5MP3
Market capitalization
885.19 B THBMega Cap
52-Week Range
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
1.68
P/E ratio
P/Ee 2026
24.58
P/Ee 2027
22.51
P/Ee 2028
20.30
P/S
P/Se
6.07
EV/EBIT
75.27
P/B Ratio
2.64
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
11.46 %
Gross Margin
19.77 %
EBIT Margin
16.15 %
Net Margin
80.90 %
EPS (Earnings Per Share)
5.35 THB
Net Debt / EBIT
19.84
Debt/Equity
1.08
Dividend
Dividend yield
1.70 %
Est. Dividend Yield
5.49 %
Payout Ratio
18.86 %
Dividend growth Ø5Y
53.61 %
Dividend payments per year
1
Dividend paid since
8 years
Dividend not reduced since
8 years
Dividend increased since
8 years
Dividend withholding tax
10.00 %
Last updated Oct 5, 2026, 9:44 AM

Gulf Energy Development PCL Peer Group

Gulf Energy Development PCL Ticker

SET · GULF.BK

Gulf Energy Development PCL FIGI

GULF:TB · BBG00GVW1XG8

All fundamentals and in-depth analysis of Gulf Energy Development PCL

Our stock analysis for Gulf Energy Development PCL stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Gulf Energy Development PCL. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.