Gulf Development PCL (BKK:GULF) OCF Margin %: 15.33% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:GULF Gulf Development PCL BKK:GULF
16 GF Score
Price ฿65.25
! 12 Warning Signs
View Full Analysis

What is Gulf Development PCL OCF Margin %?

Gulf Development PCL BKK:GULF -1.14% 16 OCF Margin % is 15.33% as of Mar. 2026, which is 4% below its 10-year median of 16.04. GuruFocus rates BKK:GULF with a GF Score™ of 16/100. The stock has 12 warning signs investors should review. Among 422 Utilities - Independent Power Producers companies, Gulf Development PCL ranks worse than 53.32% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Gulf Development PCL's Cash Flow from Operations for the three months ended in Mar. 2026 was ฿5,768 Mil. Gulf Development PCL's Revenue for the three months ended in Mar. 2026 was ฿37,638 Mil. Therefore, Gulf Development PCL's OCF Margin % for the quarter that ended in Mar. 2026 was 15.33%.

As of today, Gulf Development PCL's current OCF Yield % is 2.66%.

The historical rank and industry rank for Gulf Development PCL's OCF Margin % or its related term are showing as below:

BKK:GULF' s OCF Margin % Range Over the Past 10 Years
Min: -481.5   Med: 16.04   Max: 32.19
Current: 19.22


During the past 12 years, the highest OCF Margin % of Gulf Development PCL was 32.19%. The lowest was -481.50%. And the median was 16.04%.

BKK:GULF's OCF Margin % is ranked worse than
53.32% of 422 companies
in the Utilities - Independent Power Producers industry
Industry Median: 21.76 vs BKK:GULF: 19.22


Gulf Development PCL OCF Margin % Related Terms


Gulf Development PCL OCF Margin % Historical Data

* Premium members only.

The historical data trend for Gulf Development PCL's OCF Margin % 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.

Gulf Development PCL OCF Margin % Chart

Gulf Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.52 11.80 16.04 16.39 0.00

Gulf Development PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % 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 10.66 16.25 32.32 15.42 15.33

BKK:GULF vs CEG, VST, NRG: OCF Margin % Comparison

For the Utilities - Independent Power Producers subindustry, Gulf Development PCL's OCF Margin %, along with its competitors' market caps and OCF Margin % 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.


Gulf Development PCL OCF Margin % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Development PCL's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Gulf Development PCL's OCF Margin % falls into.


BKK:GULF
16GF Score
Gulf Development PCL BKK:GULF
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Development PCL OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Gulf Development PCL's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=0/0
= %

Gulf Development PCL's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5768.169/37638.123
=15.33 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 15.33% mean?
Gulf Development PCL (BKK:GULF) has a OCF Margin % of 15.33% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Gulf Development PCL and its competitors. This is near median its historical median of 16.04. According to the industry distribution chart, Gulf Development PCL ranks #225 out of 422 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.3%.
Is Gulf Development PCL's OCF Margin % too high?
Gulf Development PCL's current OCF Margin % of 15.33% is near median its 10-year median of 16.04. The Utilities - Independent Power Producers industry median OCF Margin % is 21.76. Gulf Development PCL's value of 15.33% is 29.5% below this industry median. Based on the distribution chart, Gulf Development PCL ranks #225 out of 422 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Gulf Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's OCF Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Gulf Development PCL ranks #225 out of 422 companies for OCF Margin %. This places Gulf Development PCL in the lower half of its industry. The industry median OCF Margin % is 21.76. Gulf Development PCL's value of 15.33% is 29.5% below this benchmark. While the company's 10-year median is 16.04 vs. the industry median of 21.76, Gulf Development PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Utilities - Independent Power Producers company?
The median OCF Margin % among Utilities - Independent Power Producers companies is 21.76, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gulf Development PCL's current OCF Margin % of 15.33% is 29.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Gulf Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median OCF Margin % is 21.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Development PCL's current OCF Margin % is 15.33%, which is near median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current OCF Margin % of 15.33%. The current OCF Margin % is 15.33%, which is near median its 10-year median of 16.04 and 29.5% below the Utilities - Independent Power Producers industry median of 21.76. Gulf Development PCL's overall GF Score™ is 16/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Gulf Development PCL (BKK:GULF), the current OCF Margin % is 15.33% as of Mar. 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
16GF Score

Get the complete analysis for BKK:GULF

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿65.25
Price