Obermatt

Flags

Earnings warning

Sea Oil

SET:SEAOIL · TH4791010002
Oil, Gas & Consumable FuelsSmall

360

62
Medium confidence — indicative
EV / EBIT21
Price / Owner Earnings64
Owner Earnings Yield96
Dividend Yield1
Price/Sales100
EV / Gross Profit93
Price/Book73
Return on Capital39
Cash Return on Capital82
Return on Equity40
EBIT Margin14
Gross Profitability43
Cash Conversion1
Accruals7
Owner Earnings Margin39
Sales growth75
Profit Growth75
Long-Term EPS Growth56
Owner Earnings Growth34
Reinvestment1
Price momentum75
Debt load93
Refinancing74
Debt Payback100
Liquidity92
Analyst ratings
Expectations trend
Market mood73
Value Creation14/20strong 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

Sea Oil generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryOil, Gas & Consumable Fuels
SizeSmall
TypePublic Company
ExchangeSET
Founded1997
Employees5
ISINTH4791010002
Last UpdateApr 2, 2026
Themes
Marine TransportationEnergyFuelOil and GasRetail

Description

Sea Oil Public Company Limited operates in the fuel and lubricant oil retail sector, providing a range of services and managing supply chains for clients engaged in the oil industry's exploration and production. The primary business of the company in…

Analysis

Deep value

Sea Oil Public Company Limited looks superficially cheap, but weak underlying metrics raise the question of whether this is value or a trap. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.2×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

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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 →