Gulf Development (GULF) Stock Price, Fundamentals & Analysis

What GULF does

Gulf Development (GULF) generates and sells electricity and steam to public and private clients in Thailand and internationally. The company operates through Power Business, Consulting Business, Infrastructure Business and Satellite and Digital Business segments. It generates electricity through gas-fired, solar, biomass hydroelectric, waste-to-energy, and wind power projects under independent power producers and small power producers. The company also undertakes infrastructure and logistics projects; distributes, supplies, and sells natural gas; and operates a digital infrastructure. In addition, Gulf Development is involved in the management, technical support, technology, investment services; storing and converting natural gas; satellite and related services; sale of direct television and satellite equipment; transponder services; engineering and development services; broadband network and content services; and broadcasting, television, and telecommunication services. Further, it provides system integration consultancy services for broadband network and technology systems, products and services related to artificial intelligence and space technology.

Key numbers explained

• 60.75 THB is the current price per share on the Stock Exchange of Thailand.
• The trailing P/E ratio of 36.2 shows how much investors pay per unit of recent earnings; a higher number can mean the market expects strong future growth.
• The forward P/E ratio of 23.8 uses expected future earnings and is often seen as a more forward-looking gauge than the trailing P/E ratio.
• 1.73% is the dividend yield, which tells you the annual dividend as a percentage of the current price; a higher yield can mean a larger income stream, but it can also reflect a falling share price.
• The exDividendDate of 2 mar. 2026 is the date by which you must own the stock to receive the next dividend payment.
• 0% of earnings are paid out as dividends, meaning the company retains all of its earnings for reinvestment.
• 142.48 mld. THB in trailing 12-month revenue and 15.5% year-over-year revenue growth show the scale and recent top-line expansion of the business.
• 26.5% profit margin and 17.6% operating margin indicate how much of each revenue dollar remains as profit after costs and operating expenses.
• 122.3% debt-to-equity ratio means the company carries more debt than equity, which can amplify returns but also increase financial risk.

What to watch

GULF operates in the Utilities sector, where power demand, fuel costs, and regulatory policy can affect results. Investors often compare it with peers such as Electricity Generating (EGCO), Banpu (BANPU), Ratch Group (RATCH), and Global Power Synergy (GPSC). The stock is part of the SET50, which tracks the largest companies on the Stock Exchange of Thailand. Broader factors like interest rates, currency movements, and energy prices can also influence the sector.