The Company operates green chemicals business and produces the products such as methyl ester, fatty alcohols, refined glycerine and other byproducts.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 19,114.39 | 17,806.45 | 25,164.57 | 20,995.23 |
| Expenses | 18,699.82 | 17,788.84 | 24,024.16 | 20,616.20 |
| Net Profit (Loss) | -264.93 | -201.52 | 953.30 | 330.22 |
| Assets | 11,338.04 | 13,681.06 | 13,632.71 | 13,516.50 |
| Liabilities | 1,823.01 | 3,861.91 | 3,305.85 | 3,546.13 |
| Shareholders' Equity | 9,515.03 | 9,819.15 | 10,326.86 | 9,970.37 |
| Operating | -31.38 | 357.37 | 1,746.83 | 1,115.38 |
| Investing | 1,806.13 | -941.94 | -1,291.65 | -267.88 |
| Financing | -1,810.85 | 284.65 | -568.88 | -1,083.50 |
| EPS (Baht) | -0.26 | -0.20 | 0.93 | 0.32 |
| GP Margin (%) | 5.96 | 3.39 | 7.83 | 7.38 |
| NP Margin (%) | -1.39 | -1.13 | 3.79 | 1.57 |
| D/E Ratio (x) | 0.19 | 0.39 | 0.32 | 0.36 |
| ROE (%) | -2.74 | -2.00 | 9.39 | 3.31 |
| ROA (%) | -1.15 | -0.46 | 8.39 | 3.52 |
GGC has reviewed and implemented the corporate strategies in response to business situations by 3 key strategies:
(1) Enhance Competitiveness Business as Usual (BAU) Strategy adjusting portfolio to align with business direction, also strengthen organization across the supply chain to increase competitiveness for BAU and business growth.
(2) Growth Portfolio Strategy by focusing on growth in the BioChemical product and invest in High Value Products (HVP), seeking for synergy with strategic partners in GC group
(3) Sustainability Development Strategy with embracing ESG aspects under the GRC to be a sustainable company which is nationally and internationally accepted.
Additionally, GGC also drives strategies through 4 key enablers:
(1) Financial Management to align with strategic directions.
(2) Enhancing Organizational Capability and Human Resources to enhance organization strategies and strengthen competitiveness, and ensure sustainable long-term growth.
(3) Innovation Implementation to drive the development of High Value Products (HVP) and Sustainable Products in line with the company’s plans.
(4) Corporate Governance Integration by efficiently strengthen GRC and internal control with laws and regulations in the transparency and accountability of its operations.
GGC has established the Sustainability Pathways aligns with the ESG concept as 3 dimensions as follows:
Environment Set the target of greenhouse gas emissions 20% reduction in 2030 and achieve the Net Zero (Scope 1&2) and Scope 3 reduction by half in 2050, also maintain appropriate biodiversity.
Social Build cooperation with stakeholders throughout supply chain and transform CSR to Creating Shared Value (CSV) including Social Enterprise (SE). Also, commit to operate Human Right in accordance with UNGP.
Governance Operate with honesty transparency and fairness , develop innovation and sustainability framework as the guideline of laws and regulations both nationally and internationally.
- Credit rating is classified as “A-(tha)” National Rating; Outlook Stable by Fitch ratings
- GGC received S&P Global Yearbook for the 2nd consecutive year, as the 4th ranked of Chemical Industry.
- GGC received CDP Climate in B Score (Management Level).
- GGC received an excellent CGR score (5 stars) for the 7th consecutive year.
As for performance in FY2024, total revenue of THB 19,006 million, Adjusted EBITDA of THB 555 million, decreased by 32% YoY from dropped performance of the fatty alcohols business. When included the effect of Stock Gain & NRV of THB 290 million driven by an increase in product and raw material prices, particularly during the end of the year, the Company reported EBITDA of THB 845 million. In addition, the Company recorded the share of loss from JV of THB 567 million, resulting in the net loss of FY2024 of THB 265 million.
GGC has risk management system according to international standards COSO (ERM 2017), ISO 31000:2018 and the 2017 Thai Corporate Governance Code for Listed Companies, as well as anti-corruption practices. The enterprise risk management system is fully integrated with policies, laws, regulations, and standard operating procedures, incorporating corporate governance, integrated risk management, internal controls, and governance, risk, and compliance (GRC). This comprehensive approach enables the effective prevention, reduction, and mitigation of risks and their potential impacts, ensuring the achievement of strategic objectives and business targets.
| as of 30/12/24 | GGC | PETRO | SET |
|---|---|---|---|
| P/E (X) | - | - | 19.33 |
| P/BV (X) | 0.46 | 0.64 | 1.40 |
| Dividend yield (%) | 2.38 | 3.34 | 3.23 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 4,299.40 | 9,213.00 | 15,150.27 |
| Price (B/Share) | 4.20 | 9.00 | 14.80 |
| P/E (X) | - | - | 17.00 |
| P/BV (X) | 0.46 | 0.94 | 1.47 |
