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Retail Trade

CP All Public Co. Ltd.

  • 82.75 THB
  • -1.75
  • -2.07%
  • Thailand
    Aug 16, 2019
  • Ticker
    BKK(CPALL)
  • Prev. close
    84.50
  • Market cap (THB)
    759,072M
  • Market cap (USD)
    24,563.40M
  • 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 2018 THBUSD
Revenue508,552.47M15,731.38M
Gross Profit104,625.23M3,236.44M
Operating income13,040.10M403.37M
Income before tax25,151.70M778.03M
Net income19,929.65M616.49M
EBITDA23,185.10M717.20M
Diluted EPS2.210.06
Dividends Per Share1.200.03
Total Assets373,741.61M11,478.55M
Total liabilities293,832.08M9,024.32M
Total equity64,921.64M1,993.90M
Operating cash flow33,308.69M1,030.35M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 357,766M 391,817M 434,711.87M 471,069.22M 508,552.47M
Gross Profit 70,982M 79,100M 87,962.82M 97,009.93M 104,625.23M
Operating income 7,514M 11,443M 11,357.77M 13,165.20M 13,040.10M
Income before tax 12,530M 16,884M 20,142.42M 23,506.08M 25,151.70M
Net income 10,154M 13,682M 16,632.51M 19,226.70M 19,929.65M
EBITDA 13,823M 18,558M 19,399.77M 22,442.20M 23,185.10M
Diluted EPS 1.13 1.52 1.85 2.14 2.21
Dividends Per Share 0.80 0.90 1 1.10 1.20
Total Assets 326,410M 329,083M 352,268.05M 360,298.56M 373,741.61M
Total liabilities 291,352M 287,408M 302,617.77M 299,978.93M 293,832.08M
Total equity 30,782M 37,349M 45,243.24M 55,423.76M 64,921.64M
Operating cash flow 19,215M 23,294M 29,876.68M 37,601.54M 33,308.69M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 11,013.75M 11,432.35M 12,321.56M 13,882.11M 15,731.38M
Gross Profit 2,185.16M 2,307.96M 2,493.23M 2,858.82M 3,236.44M
Operating income 231.31M 333.88M 321.92M 387.97M 403.37M
Income before tax 385.73M 492.63M 570.92M 692.70M 778.03M
Net income 312.58M 399.21M 471.43M 566.59M 616.49M
EBITDA 425.53M 541.48M 549.87M 661.35M 717.20M
Diluted EPS 0.03 0.04 0.05 0.06 0.06
Dividends Per Share 0.02 0.02 0.02 0.03 0.03
Total Assets 9,921.27M 9,145.00M 9,837.00M 11,055.49M 11,478.55M
Total liabilities 8,855.68M 7,986.88M 8,450.53M 9,204.63M 9,024.32M
Total equity 935.62M 1,037.90M 1,263.40M 1,700.63M 1,993.90M
Operating cash flow 591.52M 679.66M 846.83M 1,108.09M 1,030.35M

Valuation Measures

Dec 2018
PER30.98
ROA5.43%
ROE33.12%
Operating margin2.56%
Profit margin3.91%

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. (33.6%)
  • CHEARAVANONT FAMILY (3.6%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • Social Security Office of Thailand (1.3%)
  • TIEANWORN PRINYA (1.1%)
  • AIA Co., Ltd. (Invt Port Thailand) (1.0%)
  • Invesco Advisers, Inc. (1.0%)
  • Sands Capital Management LLC (0.9%)
  • BBL Asset Management Co., Ltd. (0.7%)
  • Norges Bank Investment Management (0.6%)

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
  • FamilyMart UNY Holdings Co. Ltd.
  • Berli Jucker Public Co. Ltd.
  • Siam Makro Public Co. Ltd.
Last Updated on 16 Aug, 2019

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