As of 2025-05-18, the Intrinsic Value of Thai Oil PCL (TOP.BK) is 228.03 THB. This TOP.BK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 27.25 THB, the upside of Thai Oil PCL is 736.80%.
The range of the Intrinsic Value is 112.85 - 770.28 THB
Based on its market price of 27.25 THB and our intrinsic valuation, Thai Oil PCL (TOP.BK) is undervalued by 736.80%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 112.85 - 770.28 | 228.03 | 736.8% |
| DCF (Growth 10y) | 174.72 - 1,012.42 | 322.81 | 1084.6% |
| DCF (EBITDA 5y) | 104.83 - 253.78 | 178.70 | 555.8% |
| DCF (EBITDA 10y) | 148.83 - 344.50 | 238.24 | 774.3% |
| Fair Value | 111.45 - 111.45 | 111.45 | 309.00% |
| P/E | 32.99 - 109.31 | 65.83 | 141.6% |
| EV/EBITDA | (10.79) - 51.65 | 25.62 | -6.0% |
| EPV | (51.47) - (40.06) | (45.77) | -268.0% |
| DDM - Stable | 23.07 - 75.83 | 49.45 | 81.5% |
| DDM - Multi | 99.80 - 245.45 | 140.96 | 417.3% |
| Market Cap (mil) | 60,872.14 |
| Beta | 1.56 |
| Outstanding shares (mil) | 2,233.84 |
| Enterprise Value (mil) | 206,184.14 |
| Market risk premium | 7.44% |
| Cost of Equity | 11.41% |
| Cost of Debt | 5.92% |
| WACC | 6.50% |