Ratings Gulf Energy Development Thailand S.E.

Equities

GULF-F

TH8319010Z14

End-of-day quote Thailand S.E. Other stock markets 03:30:00 04/06/2024 am IST			5-day change	1st Jan Change
40 ^THB	-1.84%		-1.84%	-20.40%

09/05	Gulf Energy Development Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
23/04	Earth Tech Environment Public Company Limited Enters into Share Purchase Agreement with Gulf West to Energy Holdings Company Limited to Jointly Develop the Project for Industrial Waste-To-Energy Power Plants	CI

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
The group's high margin levels account for strong profits.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses

The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
With a 2024 P/E ratio at 26.38 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
The company's "enterprise value to sales" ratio is among the highest in the world.
The company appears highly valued given the size of its balance sheet.

Ratings chart - Surperformance

Sector: Independent Power Producers

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
GULF ENERGY DEVELOPMENT	-20.40%	12.83B		-
JSW ENERGY LIMITED	+52.87%	13.06B		B-
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	+49.67%	12.77B		C-
SHAANXI ENERGY INVESTMENT CO., LTD.	+38.01%	6.11B	-	-
ABOITIZ POWER CORPORATION	-7.54%	4.29B		C+
JIANGSU GUOXIN CORP. LTD.	+24.96%	4.28B		-
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.	+12.88%	3.61B		-
GLOBAL POWER SYNERGY	-8.76%	3.39B		B
TAQA MOROCCO S.A.	+20.91%	3.16B		C+
BEIJING JINGNENG POWER CO., LTD.	+17.91%	3.22B		-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

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EBITDA / Sales

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Consensus

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Analyst Coverage

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Technical analysis

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