Gulf Development Public Company stock analysis 2026

Gulf Development Pub...

SET:GULF

฿ 56,75

฿-0,25 (-0,44%)

56,75 ฿

฿-0,25 (-0,44%)

End-of-day quote: 03/27/2026

Gulf Development Public Company Stock Value

Analysts currently rate SET:GULF as Buy.

Buy

Gulf Development Public Company Company Info

EPS Growth 5Y

30,33%

Market Cap

฿851,57 B

Long-Term Debt

฿259,23 B

Annual earnings

N/A

Dividend

฿1,05

Dividend Yield

1,85%

Founded

2007

Industry

Utilities

Country

Thailand

Website

Gulf Development Public Company

ISIN Number

THC903010005

Website

http://www.gulf.co.th

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

฿70,00

23.35%

Last Update: 03/27/2026

Analysts: 15

Highest Price Target ฿91,00

Average Price Target ฿70,00

Lowest Price Target ฿50,00

In the last five quarters, Gulf Development Public Company’s Price Target has risen from ฿61,40 to ฿61,40 - a 0,00% increase. Nine analysts predict that Gulf Development Public Company’s share price will increase in the coming year, reaching ฿70,00. This would represent an increase of 23,35%.

Top growth stocks in the utilities sector (5Y.)

What does Gulf Development Public Company do?

Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. Business Segments The company operates through four distinct reportable segments: Power business, Consulting business, Infrastructure business, and Satellite business. Each segment is strategically managed to cater to the unique demands and operational requirements of its respective industry. Power Business The power business segment is the cornerst...

Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally.

Business Segments

The company operates through four distinct reportable segments: Power business, Consulting business, Infrastructure business, and Satellite business. Each segment is strategically managed to cater to the unique demands and operational requirements of its respective industry.

Power Business

The power business segment is the cornerstone of the company’s operations, generating significant revenue through electricity production. This segment benefits from promotional privileges granted by the Office of the Board of Investment, which includes exemptions and reductions from income tax on net profits derived from promoted operations.

Consulting Business

The consulting business segment focuses on providing expert advisory services, leveraging the company’s extensive industry knowledge and experience. This segment generates revenue primarily through management fees and dividend income, contributing to the overall profitability of the company.

Infrastructure Business

The infrastructure business segment encompasses a range of services related to the development and management of essential infrastructure projects. This segment plays a critical role in supporting the company’s growth strategy by ensuring that the necessary infrastructure is in place to facilitate its operations and expansion plans.

Satellite Business

The satellite business segment is dedicated to providing satellite communication services. This segment has seen growth due to the increasing demand for reliable communication solutions, particularly in remote areas.

Business Strategy

The company employs a multifaceted business strategy aimed at sustaining growth and enhancing its competitive position in the market. The company focuses on leveraging its core competencies in power generation, consulting, infrastructure development, and satellite communication to drive operational efficiency and profitability.

The company’s strategy includes a commitment to innovation and technological advancement. By investing in state-of-the-art technology and infrastructure, the company aims to improve the efficiency. Additionally, the company emphasizes strategic partnerships and collaborations to expand its market reach and enhance service offerings.

Sustainability is also a critical component of the company’s strategy. The company is dedicated to minimizing its environmental impact and adhering to regulatory requirements. Furthermore, the company actively seeks opportunities for expansion, both domestically and internationally. By exploring new markets and diversifying its portfolio, the company aims to enhance its revenue streams and reduce dependence on any single market or segment.

Products and Services

The company offers a comprehensive range of products and services across its four business segments. In the Power business segment, the company is primarily engaged in electricity generation, providing reliable energy solutions to meet the growing demand in Thailand. The company’s power plants utilize advanced technology to ensure efficient and sustainable energy production.

In the consulting business segment, the company provides a variety of advisory services, including management consulting, project management, and strategic planning. These services are designed to assist clients in navigating complex challenges and achieving their business objectives.

The infrastructure business segment encompasses a wide array of services related to the development and management of infrastructure projects. This includes project planning, construction management, and operational support, ensuring that essential infrastructure is in place to support economic growth and development.

In the satellite business segment, the company offers satellite communication services, providing connectivity solutions for various applications, including telecommunications, broadcasting, and data transmission. The company’s investment in satellite technology enables it to deliver high-quality communication services to clients in remote and underserved areas.

Seasonality

The company experiences some seasonality in its operations, particularly in the power business segment. The demand for electricity can fluctuate based on seasonal factors, such as weather conditions and economic activity. The company actively manages its operations to mitigate the impact of seasonality, ensuring that it can meet customer demand throughout the year. This includes optimizing production schedules and maintaining flexibility in its operations to respond to changing market conditions.

Customers

The company serves a diverse range of customers across its various business segments. In the power business segment, the company’s primary customers include government agencies, industrial clients, and commercial enterprises that require reliable electricity supply.

In the consulting business segment, the company caters to a wide array of clients, including private sector companies, government organizations, and non-profit entities seeking expert advisory services.

The infrastructure business segment serves clients involved in various sectors, including transportation, telecommunications, and public utilities, providing essential support for infrastructure development projects.

In the satellite business segment, the company’s customers include telecommunications providers, broadcasting companies, and businesses requiring satellite communication solutions.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing, utilizing various channels to reach its target customers. The company’s marketing strategy includes direct sales efforts, partnerships, and collaborations with key stakeholders in the industry.

The company leverages its extensive network of industry contacts and relationships to promote its products and services effectively. This includes engaging with government agencies, industry associations, and potential clients to showcase the company’s capabilities and offerings.

Additionally, the company utilizes digital marketing strategies to enhance its visibility and reach a broader audience. This includes maintaining an informative website, engaging in social media marketing, and utilizing online advertising to attract potential customers. The company’s distribution channels are designed to ensure that its products and services are accessible to customers across various sectors.

History

Gulf Development Public Company Limited was founded in 2007. The company was incorporated in 2017.

Gulf Development Public Company Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Energy generation:** approx. 70% **Infrastructure projects:** approx. 20% **Renewable energies:** approx. 10% **TOP 3 markets:** **Thailand:** approx. 60% **Vietnam:** approx. 25% **Philippines:** approx. 15% Gulf Development Public Company Limited generates the majority of its rev...

At which locations are the company’s products manufactured?

**Production Sites:** Thailand Gulf Development Public Company Limited, known as GULF, is a leading energy company in Thailand. The company mainly operates power plants for electricity generation and has its production sites predominantly in Thailand. GULF is heavily involved in the development and...

What strategy does Gulf Development Public Company pursue for future growth?

**Strategic Growth Goals:** - **Expansion of Renewable Energies:** 50% of the portfolio by 2030 - **International Expansion:** Target markets in Southeast Asia and Europe - **Technological Innovation:** Investments in digital infrastructure and Smart Grids Gulf Development Public Company Limited pu...

Which raw materials are imported and from which countries?

**Main raw materials:** Natural gas, coal **Countries of origin:** Qatar, Indonesia, Australia Gulf Development Public Company Limited is a significant player in the energy sector, especially in the field of power generation. The company mainly imports natural gas and coal, which are needed for t...

How strong is the company’s competitive advantage?

**Market share:** 25% (2024, estimated) **EBITDA margin:** 35% (2023) **Return on capital employed (ROCE):** 12% (2023) Gulf Development Public Company Limited (SET:GULF) has a significant competitive advantage due to its strong market position in the energy sector, especially in the Southeast...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 60% (2025, estimate based on historical trends) **Insider Buys/Sells:** No significant transactions in the last quarter (2025, estimate) The institutional investor share in Gulf Development Public Company Limited is estimated to be around 60%. This i...

What percentage market share does Gulf Development Public Company have?

**Market share of Gulf Development Public Company Limited (GULF):** 18% (estimated for 2025) **Main competitors and their market shares:** 1. **Electricity Generating Public Company Limited (EGCO):** 20% 2. **Ratch Group Public Company Limited (RATCH):** 15% 3. **Banpu Power Public Company Limited...

Is Gulf Development Public Company stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 14% (2024) **Market Share in the Energy Sector:** 10% (2024) Gulf Development Public Company Limited recorded a revenue growth of 18% in 2024, attributed to successful expansion and diversification of its energy projects. The company has expande...

Does Gulf Development Public Company pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (2024) **Dividend History:** Steady payout over the last 5 years Gulf Development Public Company Limited has consistently distributed dividends to its shareholders in recent years. The dividend yield was last around 2.5%, which is competitive compared to other companies in...

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Gulf Development Public Company Stock Value

Gulf Development Public Company Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Gulf Development Public Company do?

Gulf Development Public Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Gulf Development Public Company Stock Value

Gulf Development Public Company Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Gulf Development Public Company do?

Gulf Development Public Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.