Star Petroleum Refining PCL (BKK:SPRC-R) Intrinsic Value: Projected FCF: ฿26.96 (As of Aug. 30, 2026)

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BKK:SPRC-R Star Petroleum Refining PCL BKK:SPRC-R
66 GF Score
Price ฿12.80
GF Value ฿6.40
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Star Petroleum Refining PCL Intrinsic Value: Projected FCF?

Star Petroleum Refining PCL BKK:SPRC-R +1.22% 66 Intrinsic Value: Projected FCF is ฿26.96 as of Aug. 30, 2026. GuruFocus rates BKK:SPRC-R with a GF Score™ of 66/100 and a GF Value™ of ฿6.40 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 628 Oil & Gas companies, Star Petroleum Refining PCL ranks better than 78.82% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-30), Star Petroleum Refining PCL's Intrinsic Value: Projected FCF is ฿26.96. The stock price of Star Petroleum Refining PCL is ฿12.80. Therefore, Star Petroleum Refining PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Star Petroleum Refining PCL's Intrinsic Value: Projected FCF or its related term are showing as below:

BKK:SPRC-R' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.28   Med: 0.61   Max: 0.97
Current: 0.47

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Star Petroleum Refining PCL was 0.97. The lowest was 0.28. And the median was 0.61.

BKK:SPRC-R's Price-to-Projected-FCF is ranked better than
78.82% of 628 companies
in the Oil & Gas industry
Industry Median: 0.85 vs BKK:SPRC-R: 0.47

Star Petroleum Refining PCL  (BKK:SPRC-R) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Star Petroleum Refining PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=12.80/26.5422532131
=0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Star Petroleum Refining PCL Intrinsic Value: Projected FCF Related Terms


Star Petroleum Refining PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Star Petroleum Refining PCL's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Star Petroleum Refining PCL Intrinsic Value: Projected FCF Chart

Star Petroleum Refining PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.44 11.18 10.56 17.63 12.70

Star Petroleum Refining PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.78 16.24 12.70 19.41 24.34

BKK:SPRC-R vs MPC, VLO, PSX: Intrinsic Value: Projected FCF Comparison

For the Oil & Gas Refining & Marketing subindustry, Star Petroleum Refining PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Star Petroleum Refining PCL Price-to-Projected-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Star Petroleum Refining PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Star Petroleum Refining PCL's Price-to-Projected-FCF falls into.


BKK:SPRC-R
66GF Score
Star Petroleum Refining PCL BKK:SPRC-R
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Petroleum Refining PCL Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Star Petroleum Refining PCL's Free Cash Flow(6 year avg) = ฿6,135.76.

Star Petroleum Refining PCL's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(11.773635598597*6135.75856+53129.327*0.8)/4323.056
=26.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of ฿26.96 mean?
Star Petroleum Refining PCL (BKK:SPRC-R) has a Intrinsic Value: Projected FCF of ฿26.96 as of Aug. 30, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Star Petroleum Refining PCL and its competitors. According to the industry distribution chart, Star Petroleum Refining PCL ranks #133 out of 628 companies in the Oil & Gas industry, placing it in the top 21.2%.
Is Star Petroleum Refining PCL's Intrinsic Value: Projected FCF too high?
Star Petroleum Refining PCL's current Intrinsic Value: Projected FCF is ฿26.96. Based on the distribution chart, Star Petroleum Refining PCL ranks #133 out of 628 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Star Petroleum Refining PCL has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Star Petroleum Refining PCL's Intrinsic Value: Projected FCF compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Star Petroleum Refining PCL ranks #133 out of 628 companies for Intrinsic Value: Projected FCF. This places Star Petroleum Refining PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Oil & Gas company?
The median Intrinsic Value: Projected FCF among Oil & Gas companies is 0.85, based on 628 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Star Petroleum Refining PCL and its competitors. For the Oil & Gas industry, the median Intrinsic Value: Projected FCF is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Petroleum Refining PCL's current Intrinsic Value: Projected FCF is ฿26.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Petroleum Refining PCL stock overvalued right now?
Based on GuruFocus' analysis, Star Petroleum Refining PCL (BKK:SPRC-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.40, compared to a current price of ฿12.80 — trading 100% above its estimated fair value. The current Intrinsic Value: Projected FCF is ฿26.96. Star Petroleum Refining PCL's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Star Petroleum Refining PCL (BKK:SPRC-R), the current Intrinsic Value: Projected FCF is ฿26.96 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Star Petroleum Refining PCL (BKK:SPRC-R) Overvalued in 2026?

Based on GuruFocus' analysis, Star Petroleum Refining PCL stock appears to be overvalued. The current stock price of ฿12.80 is trading 100% above its estimated GF Value™ of ฿6.40. GuruFocus considers Star Petroleum Refining PCL to be Significantly Overvalued.

Key valuation signals for BKK:SPRC-R:

  • Intrinsic Value: Projected FCF: ฿26.96
  • GF Value™: ฿6.40 vs. price of ฿12.80 (100% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BKK:SPRC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Star Petroleum Refining PCL Business Description

Industry EnergyOil & Gas
Other Exchanges SPRC:Thailand
Address No.1, I-3B Road, Tambol Map Ta Phut, Amphur Muang Rayong, Rayong, THA, 21150
Star Petroleum Refining PCL operates petroleum refinery in Thailand. The company produces multiple petroleum products such as Liquefied Petroleum Gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and others. Geographically the majority of its sales are conducted in Thailand. However, the company also produces petroleum products for international markets.
66GF Score

Get the complete analysis for BKK:SPRC-R

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿12.80
Price
฿6.40
GF Value