Asia300

Ichitan Group Public Co., Ltd.

Thailand

  • 1m
  • 3m
  • 6m
  • 1y
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May 26, 2017
Prev close: 9.05
May 26, 2017
Market cap:
Market cap(USD):
11,765M
345.66M
Shares: 1,300M

Currency in THB

Company profile

Market(Ticker): BKK(ICHI)
Sector:
Industry:
Consumer Non-Durables
Beverages: Non-Alcoholic
Full time employees: --

Business summary

Ichitan Group Public Co., Ltd. engages in the manufacture and trade of beverages. It manufactures and sells ready-to-drink green tea, functional drink, ready-to-drink black tea, herbal green tea drink, and low-sugar green tea under the following brands: Ichitan, Yen Yen, and Dragon. The company was founded by Tan Passakornnatee on September 3, 2010 and is headquartered in Bangkok, Thailand.

Company background

Ichitan Group is Thailand's largest bottled tea producer, with a market share of more than 40%. Its two major brands are Ichitan Green Tea and Yen Yen. Founder and CEO Tan Passakornatee is an ethnic Chinese tycoon known for some rather entertaining performances, appearing in TV commercials wearing his trademark captain's hat. He also founded the Oishi Group, Ichitan's largest rival by market share, in 1999, sparking a sweet-tea boom in Thailand.

Tan set up Ichitan in 2010 after selling Oishi to Thai Beverage, the Singapore-listed, Thailand-based beverage maker that produces Chang beer.

As its first step outside Thailand, Ichitan is entering the Indonesian market through a joint venture with Japanese trading house Mitsubishi Corp. and Indonesian retailer Sigmantra Alfindo. Sales are set to start in 2015, and in-country production in 2016.

The company also acquired the trademark and production technologies of fruity beverage brand Bireley's for distribution in Thailand and 15 other countries and regions, such as the U.S., China and neighboring Southeast Asian nations.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 5,338.26M
Gross profit 1,380.05M
Operating income 526.39M
Income before tax 424.89M
Net income 368.48M
EBITDA 1,039.86M
Diluted EPS 0.28
Dividends per share --
Total assets 8,626.86M
Total liabilities 2,875.61M
Total equity 5,751.25M
Operating cash flow 1,214.22M

Currency in THB

Revenue 151.30M
Gross profit 39.11M
Operating income 14.92M
Income before tax 12.04M
Net income 10.44M
EBITDA 29.47M
Diluted EPS 0.00
Dividends per share --
Total assets 240.90M
Total liabilities 80.30M
Total equity 160.60M
Operating cash flow 34.41M

Currency in USD

Valuation measures

Dec 2016

PER 36.42
ROA 4.21%
ROE 6.25%
Operating margin 9.86%
Profit margin 6.90%

Key executive

  • Chairman & Chief Executive Officer: Tan Passakornnatee
  • Executive Vice President-Accounting & Finance: Preecha Augcharanonda
  • Director & Executive Vice President-Beverage: Thanapan Kongnanta
  • Director & Executive Vice President-Factory: Wiroj Supasoon
  • Secretary: Apichat Sukachirawat

Share holders

  • PASSAKORNNATEE TAN(27.7%)
  • PHATKRONTHI ING(9.2%)
  • SUKKHAPHANTHAWON JARUWORN(6.3%)
  • PHATSAKRONTHI KLAINATHI(4.6%)
  • PHATSAKRONTHI PHATSAKON(4.6%)
  • PHATSAKRONTHI WARISA(4.6%)
  • SUKKHAPHANTHAWON CHARUWAT(3.0%)
  • SUKKHAPHANTHAWON SUPHANI(2.7%)
  • CHIU YUEH CHIN(2.6%)
  • CHEN MEI FANG /ICHITAN/(1.9%)

Address

  • Website: http://www.ichitangroup.com
  • Address: 2922/301-303, 28th Floor, Charn Issara II Bldg, Petchburi Rd, Bangkok, 10310, Thailand
  • Phone: +66.2.716.5555

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