Gulf Energy Development Public Company Limited (GULF-R.BK)
Bangkok, TH
Established in 2007 and headquartered in Bangkok, Thailand, Gulf Energy Development Public Company Limited is a diversified energy enterprise. The company is primarily involved in producing and supplying electricity, steam, and chilled water to both public and private sector clients within Thailand and internationally. Its operations are structured across three main divisions: Power Business, Consulting Business, and Infrastructure Business. Gulf Energy generates electricity through various means, including gas-fired, solar, and wind power facilities, participating in Independent Power Producer (IPP), Small Power Producer (SPP), and Very Small Power Producer (VSPP) programs. As of December 31, 2021, the company's total installed power capacity stood at 7,875 megawatts. Beyond power generation, Gulf Energy undertakes a range of infrastructure development projects. This includes producing and distributing electricity from biomass, providing natural gas distribution services, and making strategic investments in digital infrastructure and related service ventures. The company also offers comprehensive services such as the operation, maintenance, and engineering for power plants, alongside solar energy solutions and upkeep. Furthermore, it engages in constructing critical infrastructure, including liquefied natural gas (LNG) receiving terminals, which encompass storage and regasification facilities. Its broader activities extend to general trading, securities investment, and offering managerial, financial, technical, and research support services.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.99% | -3.03% | +8.47% | +13.78% | +58.02% | +54.22% | +49.71% | +36.90% | +88.24% | +619.10% | +619.10% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Renewable Utilities: +1.3%-18.2% Q1'26: +22.3% (vs Q1'25)
-
EPS growth Renewable Utilities: +6.7%+245.2% ★ Q1'26: +32.6% (vs Q1'25)
-
FCF margin FCF growth · Renewable Utilities: +50.4%+5.6% Q1'26: -18.8% (vs Q1'25)
-
EBIT margin Renewable Utilities: +22.3%+16.2% Q1'26: +18.8% (vs Q1'25)
-
ROIC Renewable Utilities: +3.5%+2.3% Q1'26: +3.7% (vs Q1'25)
-
Share dilution Renewable Utilities: +0.0%+27.3% Q1'26: +27.3% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×18.37× Q1'26: 11.83× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 13 Rev. Ana. 1 EPS Ana. |
Dec 2027 16 Rev. Ana. 1 EPS Ana. |
Dec 2028 14 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
4.35B
est: 3.61B (+20.6%)
|
17.18B
est: 16.80B (+2.3%)
|
30.04B
est: 29.31B (+2.5%)
|
32.83B
est: 31.94B (+2.8%)
|
47.47B
est: 47.75B (-0.6%)
|
94.15B
est: 93.51B (+0.7%)
|
114.05B
est: 112.39B (+1.5%)
|
120.89B
est: 121.10B (-0.2%)
|
98.89B
est: 129.85B (-23.8%)
|
133.38B
123.85B – 143.63B
+2.7% YoY
|
136.80B
120.38B – 165.66B
+2.6% YoY
|
98.15B
88.70B – 112.41B
-28.3% YoY
|
| EBITDA |
1.67B
est: 1.14B (+46.5%)
|
4.84B
est: 5.31B (-8.9%)
|
12.27B
est: 9.26B (+32.5%)
|
13.04B
est: 10.09B (+29.2%)
|
19.50B
est: 15.08B (+29.3%)
|
21.85B
est: 29.54B (-26.0%)
|
24.39B
est: 35.50B (-31.3%)
|
39.35B
est: 33.51B (+17.4%)
|
19.91B
est: 35.93B (-44.6%)
|
36.91B
34.27B – 39.74B
+2.7% YoY
|
37.86B
33.31B – 45.84B
+2.6% YoY
|
27.16B
24.55B – 31.11B
-28.3% YoY
|
| EBIT |
106.81M
est: 895.79M (-88.1%)
|
3.01B
est: 4.17B (-27.8%)
|
9.83B
est: 7.28B (+35.1%)
|
9.61B
est: 7.93B (+21.2%)
|
14.51B
est: 11.86B (+22.4%)
|
16.78B
est: 23.22B (-27.7%)
|
20.21B
est: 27.91B (-27.6%)
|
34.78B
est: 26.89B (+29.3%)
|
15.97B
est: 28.84B (-44.6%)
|
29.62B
27.50B – 31.90B
+2.7% YoY
|
30.38B
26.73B – 36.79B
+2.6% YoY
|
21.80B
19.70B – 24.96B
-28.3% YoY
|
| Net Income |
3.45B
est: 3.33B (+3.8%)
|
3.03B
est: 3.39B (-10.6%)
|
7.17B
est: 4.89B (+46.6%)
|
6.14B
est: 4.56B (+34.8%)
|
7.67B
est: 7.81B (-1.8%)
|
11.42B
est: 11.18B (+2.1%)
|
14.86B
est: 15.54B (-4.4%)
|
18.17B
est: 23.56B (-22.9%)
|
80.00B
est: 26.75B (+199.1%)
|
30.25B
26.46B – 35.96B
+13.1% YoY
|
33.16B
29.01B – 39.42B
+9.6% YoY
|
33.62B
29.41B – 39.96B
+1.4% YoY
|
| SGA |
957.39M
est: 149.39M (+540.9%)
|
1.49B
est: 695.59M (+114.1%)
|
1.71B
est: 1.21B (+41.1%)
|
2.08B
est: 1.32B (+57.2%)
|
2.30B
est: 1.98B (+16.2%)
|
2.95B
est: 3.87B (-23.7%)
|
3.92B
est: 4.65B (-15.9%)
|
3.58B
est: 4.36B (-17.9%)
|
3.58B
est: 4.67B (-23.3%)
|
4.80B
4.46B – 5.17B
+2.7% YoY
|
4.92B
4.33B – 5.96B
+2.6% YoY
|
3.53B
3.19B – 4.05B
-28.3% YoY
|
| EPS |
0.32
est: 0.28 (+12.9%)
|
0.28
est: 0.29 (-3.1%)
|
0.66
est: 0.42 (+58.5%)
|
0.56
est: 0.39 (+44.1%)
|
0.65
est: 0.67 (-2.3%)
|
0.97
est: 0.95 (+1.8%)
|
1.27
est: 1.32 (-4.1%)
|
1.55
est: 1.58 (-1.7%)
|
5.35
est: 1.79 (+198.8%)
|
2.02
1.77 – 2.41
+13.1% YoY
|
2.22
1.94 – 2.64
+9.6% YoY
|
2.25
1.97 – 2.67
+1.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-12 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-11 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-10 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-09 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-08 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-05 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-04 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-06-02 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-29 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-28 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-27 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-26 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-25 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-22 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-21 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-20 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-19 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-18 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-15 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-14 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-13 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-12 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-05-05 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 3/5 | 4/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-29 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-28 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-27 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-24 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-22 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-20 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-17 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-16 | A- | 4/5 | 1/5 | 5/5 | 5/5 | 2/5 | 4/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Boonchai Thirati | Deputy Chief Executive Officer & Director | — | male |
| Bung-On Suttipattanakit | Chief Corporate Planning Officer & Director | — | female |
| Chattawan Jaijakul | Company Secretary & Executive Vice President Corporate Secretary | — | female |
| Chotiros Likitcharoenpanich | Head of Internal Audit | — | female |
| Olarn Srivalattha | Head of Accounting | — | male |
| Porntipa Chinvetkitvanit | Deputy Chief Executive Officer & Director | — | female |
| Ratthaphol Cheunsomchit | President | — | male |
| Ravi Kurmarohita | Deputy Chief Executive Officer | — | male |
| Sarath Ratanavadi | Chief Executive Officer & Vice Chairman | — | male |
| Yupapin Wangviwat | CFO & Director | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for GULF-R.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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