Obermatt

Star Petroleum Refining

SET:SPRC · TH6838010002
Oil, Gas & Consumable FuelsMedium

360

92
EV / EBIT67
Price / Owner Earnings54
Owner Earnings Yield97
Dividend Yield97
Price/Sales97
EV / Gross Profit87
Price/Book97
Return on Capital89
Cash Return on Capital92
Return on Equity86
EBIT Margin26
Gross Profitability71
Cash Conversion9
Accruals10
Owner Earnings Margin60
Sales growth26
Profit Growth23
Long-Term EPS Growth92
Reinvestment9
Price momentum59
Debt load74
Refinancing97
Debt Payback69
Liquidity94
Analyst ratings86
Opinion Changes84
Price Target Upside36
Market mood3
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Star Petroleum Refining generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryOil, Gas & Consumable Fuels
SizeMedium
TypePublic Company
ExchangeSET
Founded1992
Employees203
ISINTH6838010002
Last UpdateApr 2, 2026
Themes
Marine TransportationFreight ServiceFuelOil and GasService Industry

Description

Star Petroleum Refining Public Company Limited operates a petroleum refinery in the Rayong Province of Thailand. It also produces and sells petroleum products, including liquefied petroleum gas, gasoline, diesel, jet fuel, fuel oil, petrochemical fee…

Analysis

Bargain bin

Star Petroleum Refining Public Company Limited falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 3.6× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -18% yearly growth; analysts expect 17%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2023202420252026

All-time high

90

Jan 2024

All-time low

73

Mar 2026

Average rank

81

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
97
89
87
80
Price/Earnings
80
82
72
40
Price/Book
97
86
89
48
Dividend Yield
97
92
88
86
Value (overall)
100
93
92
50

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →