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Retail Trade

CP All Public Co. Ltd.

Company Background

CP All operates 7-Eleven convenience stores in Thailand. Opening its first store in 1989, it has expanded the chain's reach in Thailand to become the world's third largest 7-Eleven network after Japan and the U.S. It operates around 8,000 outlets. It aims to have 10,000 stores serving customers by 2017.

Conglomerate Charoen Pokphand Group, led by ethnic Chinese billionaire Dhanin Chearavanont, and its subsidiaries are the major shareholders in CP All, controlling a combined stake of around 42%.

Dhanin chairs the board of directors, but everyday operations are in the hands of Vice Chairman Korsak Chairasmisak and CEO Tanin Buranamanit. Neither Korsak nor Tanin are related to the Chearavanont family.

Korsak started his career at the Thai arm of a German chemical company, Hoechst, but joined CP as a feed ingredient purchasing manager in 1973. He has been with the group ever since. He is also CP Group vice chairman. Tanin took over the CEO post of CP All from Korsak in 2013. Tanin has been with CP All for more than a decade, mainly in the field of marketing.

In 2013, CP All acquired discount retailer Siam Makro for about $5.8 billion -- the biggest corporate takeover by a Thai company ever.

Business Summary

CP All Public Co. Ltd. engages in the operation of convenience stores under the 7-Eleven trademark. It operates through the following business operations: Convenience Stores, Cash and Carry, and Others. The Convenience Store business operation operates 7-Eleven. The Cash and Carry business operation operates under Makro. The Others segment includes bill payment services, frozen food plant and bakery, and distributor of retailing equipment and educational institutions. CP All Public was founded in 1988 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Revenue525,884.31M16,804.02M
Gross Profit115,004.29M3,674.82M
Operating income7,146.09M228.34M
Income before tax19,325.77M617.53M
Net income15,099.41M482.48M
EBITDA27,795.09M888.16M
Diluted EPS1.680.05
Dividends Per Share0.900.02
Total Assets523,354.32M17,468.43M
Total liabilities431,668.45M14,408.15M
Total equity76,849.58M2,565.07M
Operating cash flow31,368.05M1,002.33M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 434,711.87M 471,069.22M 508,212.33M 550,900.78M 525,884.31M
Gross Profit 87,962.82M 97,009.93M 113,580.60M 124,837.62M 115,004.29M
Operating income 11,357.77M 13,165.20M 13,385.47M 13,275.56M 7,146.09M
Income before tax 20,142.42M 23,506.08M 25,151.70M 26,763.85M 19,325.77M
Net income 16,632.51M 19,226.70M 19,929.65M 21,343.08M 15,099.41M
EBITDA 19,399.77M 22,442.20M 23,530.47M 24,188.56M 27,795.09M
Diluted EPS 1.85 2.14 2.21 2.37 1.68
Dividends Per Share 1 1.10 1.20 1.25 0.90
Total Assets 352,268.05M 360,298.56M 373,741.61M 375,617.45M 523,354.32M
Total liabilities 302,617.77M 299,978.93M 293,832.08M 287,158.81M 431,668.45M
Total equity 45,243.24M 55,423.76M 64,921.64M 73,829.70M 76,849.58M
Operating cash flow 29,876.68M 37,601.54M 33,308.69M 33,091.49M 31,368.05M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 12,321.56M 13,882.11M 15,720.86M 17,745.35M 16,804.02M
Gross Profit 2,493.23M 2,858.82M 3,513.46M 4,021.21M 3,674.82M
Operating income 321.92M 387.97M 414.06M 427.62M 228.34M
Income before tax 570.92M 692.70M 778.03M 862.10M 617.53M
Net income 471.43M 566.59M 616.49M 687.49M 482.48M
EBITDA 549.87M 661.35M 727.88M 779.15M 888.16M
Diluted EPS 0.05 0.06 0.06 0.07 0.05
Dividends Per Share 0.02 0.03 0.03 0.04 0.02
Total Assets 9,837.00M 11,055.49M 11,478.55M 12,539.91M 17,468.43M
Total liabilities 8,450.53M 9,204.63M 9,024.32M 9,586.73M 14,408.15M
Total equity 1,263.40M 1,700.63M 1,993.90M 2,464.78M 2,565.07M
Operating cash flow 846.83M 1,108.09M 1,030.35M 1,065.92M 1,002.33M

Valuation Measures

Dec 2020
PER34.65
ROA3.35%
ROE20.04%
Operating margin1.35%
Profit margin2.87%

Key executives

  • Chief Executive Officer, Executive Director & MD: Tanin Buranamanit
  • Senior Vice President-Operations: Chairoj Tiwatmuncharoen
  • Chief Finance Officer & SVP-Accounting & Finance: Taweesak Kaewrathtanapattama
  • Vice President-Information Technology: Wiwat Pongritsakda
  • Head-Compliance Unit: Arthit Paladja

Shareholders

  • Charoen Pokphand Foods Public Co. Ltd. (34.1%)
  • CHEARAVANONT FAMILY (3.0%)
  • GIC Pte Ltd. (Investment Management) (2.6%)
  • Social Security Office of Thailand (2.6%)
  • Norges Bank Investment Management (1.3%)
  • TIEANWORN PRINYA (1.1%)
  • Sands Capital Management LLC (0.9%)
  • Krungsri Asset Management Co., Ltd. (0.6%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • Veritas Asset Management LLP (0.3%)

Contact Details

  • Website:http://www.cpall.co.th
  • Address: 313 C. P. Tower, Silom Road, Kwang Silom, Bangkok, 10500, Thailand
  • Phone: +66.2.826.7744

Related Companies

  • All Corp. Co. Ltd.
  • All Training Co. Ltd.
  • Panyatara Co. Ltd.
  • Suksapiwat Co. Ltd.
  • Dynamic Management Co. Ltd.
  • Mam Heart Co., Ltd.
  • CP Retailink Co., Ltd.
  • Lotus Distribution Investment Ltd.

Competitors

  • Tesco PLC
  • Berli Jucker Public Co. Ltd.
Last Updated on 23 Sep, 2021

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