- Gulf Energy Development’s 4Q net income was 3.90 billion baht, down 18.1% year-over-year, missing the estimate of 4.15 billion baht.
- Total revenue for the quarter was 28.43 billion baht.
- Earnings per share (EPS) for the quarter stood at 0.33 baht.
- The infrastructure and utilities business generated 617 million baht in revenue.
- The gas-fired power business saw a revenue of 25.22 billion baht, representing a 1.5% year-over-year increase, driven by the GPD project units commencing operations.
- For the entire year of 2024, Gulf Energy’s net income was 18.17 billion baht, below the estimate of 18.83 billion baht.
- Annual revenue totaled 120.88 billion baht, with the infrastructure and utilities sector contributing 3.62 billion baht.
- Revenue from management fees was 757.6 million baht for the year.
- Annual EPS was recorded at 1.55 baht, slightly missing the estimate of 1.58 baht.
- The company attributes its 4Q net profit decline to a loss from exchange rate impacts and unrealized derivative losses, totaling a loss of 858 million baht.
- Fourth quarter EBITDA increased by 12.7% year-over-year, reaching 10.4 billion baht.
- Renewable energy revenue dropped by 12% year-over-year due to lower electricity prices in Vietnam’s MKW wind farm and the temporary shutdown of the GCG biomass project in Songkhla province due to flooding.
- Share of core profit from associates and joint ventures was 2.9 billion baht in 4Q, a decrease of 9.1% year-over-year.
- There are currently 12 buy ratings, 5 hold ratings, and no sell ratings for Gulf Energy.
A look at Gulf Energy Development Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts predict a promising long-term outlook for Gulf Energy Development Public Company Limited, a key player in the energy sector in Thailand. According to Smartkarma’s Smart Scores, the company excels in growth and momentum, scoring a 5 in both categories. This indicates strong potential for expansion and positive market sentiment surrounding Gulf Energy Development’s future prospects. Additionally, the company demonstrates solid fundamentals in terms of value and dividend, receiving a score of 2 in each.
Gulf Energy Development is renowned for its efficient production and sale of electricity and steam, catering to a diverse range of customers in Thailand. With a well-managed portfolio of gas-fired and renewable power projects, the company is positioned for sustainable growth and resilience in the competitive energy market. Investors may find Gulf Energy Development an attractive prospect for long-term investment based on its strong growth trajectory and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
