Asia300

Thai Union Group Public Co. Ltd.

Thailand

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 21
Apr 21, 2017
Market cap:
Market cap(USD):
100,208M
2,914.72M
Shares: 4,771.82M

Currency in THB

Company profile

Market(Ticker): BKK(TU)
Sector:
Industry:
Consumer Non-Durables
Food: Meat/Fish/Dairy
Full time employees: --

Business summary

Thai Union Group Public Co. Ltd. engages in the production and distribution of frozen and canned seafood. It operates through the following segments: Ambient Seafood, Frozen and Chilled Seafood and Related Product, and Pet Care and Value Added. The Ambient Seafood segment includes tuna, sardine, salmon, specialty seafood, and pelagic fishes. The Frozen and Chilled Seafood and Related Product segment compose of seafood items that are sold directly to restaurants, hotels, food catering units as ingredients for further processing at kitchens. The Pet Care and Value Added segment offers mix items that that offers pet care, seafood, non-seafood as well as sub-materials, and sales of scrap. The company was founded on March 17, 1988 and is headquartered in Samut Sakhon, Thailand.

Company background

Bangkok-based Thai Union Group is the world's largest canned-tuna processor, with a production capacity of 610,000 tons per year. About 90% of its revenue comes from outside Thailand, mainly the U.S and Europe.

The company was founded in 1977 by Chinese-born businessman Kraisorn Chansiri. It started out as a seafood processor and exporter, and later expanded into contract manufacturing, supplying products to be sold under big global brands. In 1995, the founder's son, Thiraphong Chansiri, took over the post of CEO from his father at age 30. It was then that the company started selling products under its own name by acquiring renowned brands.

In 1997, it purchased a 50% stake in U.S. tuna major Chicken of the Sea International. Thai Union made the company a wholly owned subsidiary in 2001. Other acquisitions include John West of the U.K. and Petit Navire of France, both the leading canned fish brands in their home markets.

Currently, contract manufacturing accounts for about 60% of Thai Union's revenue, with business under its own brand making up the remainder. While tuna generates nearly half of its sales, the shrimp, sardine and mackerel businesses are also significant sources of revenue.


In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 134,375.11M
Gross profit 19,485.89M
Operating income 6,987.68M
Income before tax 6,520.32M
Net income 5,526.38M
EBITDA 9,970.67M
Diluted EPS 1.1
Dividends per share 0.63
Total assets 142,365.46M
Total liabilities 94,929.52M
Total equity 43,242.67M
Operating cash flow 6,644.44M

Currency in THB

Revenue 3,808.75M
Gross profit 552.31M
Operating income 198.06M
Income before tax 184.81M
Net income 156.64M
EBITDA 282.61M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 3,975.52M
Total liabilities 2,650.88M
Total equity 1,207.54M
Operating cash flow 188.33M

Currency in USD

Valuation measures

Dec 2016

PER 19.09
ROA 4.36%
ROE 12.49%
Operating margin 5.20%
Profit margin 4.11%

Key executive

  • President, Chief Executive Officer & Director: Thiraphong Chansiri
  • Group Chief Financial Officer: Joerg Ayrle
  • Head-Group Information Technology: Colin Loo
  • Deputy General Manager-IR & Corporate Investment: Wai Yat Lee
  • Director & President-Global Business Shrimp: Rittirong Boonmechote

Share holders

  • Mitsubishi Corp.(7.2%)
  • CHANSIRI THIRAPHONG(5.2%)
  • Social Security Office of Thailand(4.5%)
  • NIRUTTINANON CHENG(4.2%)
  • CHANSIRI KRAISORN(3.6%)
  • CHANSIRI DISPOL(3.0%)
  • CHANSIRI PORNNAPA(2.2%)
  • The Vanguard Group, Inc.(1.6%)
  • BBL Asset Management Co., Ltd.(1.6%)
  • CHOY YUEN CHU(1.4%)

Address

  • Website: http://www.thaiuniongroup.com
  • Address: 72/1 Moo 7, Sethakit 1 Road, Tambon Tarsrai, Samut Sakhon, 74000, Thailand
  • Phone: +66.3.481.6500

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.