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Retail Trade

CP All Public Co. Ltd.

  • 77.00 THB
  • +0.25
  • +0.33%
  • Thailand
    Jun 21, 2018
  • Ticker
    BKK(CPALL)
  • Prev. close
    76.75
  • Market cap (THB)
    689,453M
  • Market cap (USD)
    20,911.50M
  • Shares
    8,983.10M

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 involves in the bill payment services business; distribution and repair of retail equipment; and manufacture and sale of frozen food and bakery. The company operates through the following segments: Convenience Stores, Cash and Carry and Others. CP All Public was founded in 1988 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue471,069.22M13,882.11M
Gross Profit97,009.93M2,858.82M
Operating income13,165.20M387.97M
Income before tax23,506.08M692.70M
Net income19,226.70M566.59M
EBITDA22,442.20M661.35M
Diluted EPS2.140.06
Dividends Per Share1.100.03
Total Assets360,298.56M11,055.49M
Total liabilities299,978.93M9,204.63M
Total equity55,423.76M1,700.63M
Operating cash flow37,601.54M1,108.09M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 272,286M 357,766M 391,817M 434,711.87M 471,069.22M
Gross Profit 57,741M 70,982M 79,100M 87,962.82M 97,009.93M
Operating income 3,245M 7,514M 11,443M 11,357.77M 13,165.20M
Income before tax 12,845M 12,530M 16,884M 20,142.42M 23,506.08M
Net income 10,503M 10,154M 13,682M 16,632.51M 19,226.70M
EBITDA 7,945M 13,823M 18,558M 19,399.77M 22,442.20M
Diluted EPS 1.17 1.13 1.52 1.85 2.14
Dividends Per Share 0.90 0.80 0.90 1 1.10
Total Assets 304,007M 326,410M 329,083M 352,268.05M 360,298.56M
Total liabilities 271,037M 291,352M 287,408M 302,617.77M 299,978.93M
Total equity 28,747M 30,782M 37,349M 45,243.24M 55,423.76M
Operating cash flow 20,547M 19,215M 23,294M 29,876.68M 37,601.54M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,860.81M 11,013.75M 11,432.35M 12,321.56M 13,882.11M
Gross Profit 1,879.02M 2,185.16M 2,307.96M 2,493.23M 2,858.82M
Operating income 105.59M 231.31M 333.88M 321.92M 387.97M
Income before tax 418.00M 385.73M 492.63M 570.92M 692.70M
Net income 341.79M 312.58M 399.21M 471.43M 566.59M
EBITDA 258.54M 425.53M 541.48M 549.87M 661.35M
Diluted EPS 0.03 0.03 0.04 0.05 0.06
Dividends Per Share 0.02 0.02 0.02 0.02 0.03
Total Assets 9,251.58M 9,921.27M 9,145.00M 9,837.00M 11,055.49M
Total liabilities 8,248.23M 8,855.68M 7,986.88M 8,450.53M 9,204.63M
Total equity 874.83M 935.62M 1,037.90M 1,263.40M 1,700.63M
Operating cash flow 668.64M 591.52M 679.66M 846.83M 1,108.09M

Valuation Measures

Dec 2017
PER35.98
ROA5.39%
ROE38.19%
Operating margin2.79%
Profit margin4.08%

Key executives

  • Chief Executive Officer, Executive Director & MD: Tanin Buranamanit
  • Senior Vice President-Operations: Chairoj Tiwatmuncharoen
  • Senior Vice President-Accounting & Finance: Taweesak Kaewrathtanapattama
  • Senior Vice President-Information Technology: Kosa Pongsupath
  • Vice President, Head-Finance & Investor Relations: Kriengchai Boonpoapichart

Shareholders

  • Charoen Pokphand Foods Public Co. Ltd. (35.3%)
  • CHEARAVANONT FAMILY (3.6%)
  • The Vanguard Group, Inc. (1.5%)
  • OppenheimerFunds, Inc. (1.4%)
  • GIC Pte Ltd. (Investment Management) (1.2%)
  • AIA Co., Ltd. (Invt Port Thailand) (1.0%)
  • Genesis Investment Management LLP (1.0%)
  • THAMMATHATAREE PONGSAK (0.9%)
  • Vontobel Asset Management, Inc. (0.8%)
  • JIRAPHUMMIN WALAIPORN (0.8%)

Contact Details

  • Website:http://www.cpall.co.th
  • Address: 283 Sriboonrueng Building 1, Silom Road, Silom Sub-District, Bangkok, 10500, Thailand
  • Phone: +66.2.677.9000

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
  • FamilyMart UNY Holdings Co. Ltd.
  • Berli Jucker Public Co. Ltd.
  • Siam Makro Public Co. Ltd.
Last Updated on 21 Jun, 2018

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