CP All Public Co. Ltd.
In the news
- Itochu finds hope in alliance with China's Citic in apparel Jul 30, 2020
- Thai shoppers awaken to new retail landscape as pandemic ebbs May 27, 2020
- Thai CP Group to open Seven-Eleven stores in Cambodia in 2021 May 7, 2020
- Asia's family-run business empires forge ahead in turbulent times Mar 28, 2020
- Southeast Asia delivery services face game-changing moment Mar 26, 2020 See more articles on 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
Financial Highlights
| Dec 2019 | THB | USD |
| Revenue | 550,900.78M | 17,745.35M |
| Gross Profit | 124,837.62M | 4,021.21M |
| Operating income | 13,275.56M | 427.62M |
| Income before tax | 26,763.85M | 862.10M |
| Net income | 21,343.08M | 687.49M |
| EBITDA | 24,188.56M | 779.15M |
| Diluted EPS | 2.37 | 0.07 |
| Dividends Per Share | 1.25 | 0.04 |
| Total Assets | 375,617.45M | 12,539.91M |
| Total liabilities | 287,158.81M | 9,586.73M |
| Total equity | 73,829.70M | 2,464.78M |
| Operating cash flow | 33,091.49M | 1,065.92M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 391,817M | 434,711.87M | 471,069.22M | 508,212.33M | 550,900.78M |
| Gross Profit | 79,100M | 87,962.82M | 97,009.93M | 113,580.60M | 124,837.62M |
| Operating income | 11,443M | 11,357.77M | 13,165.20M | 13,385.47M | 13,275.56M |
| Income before tax | 16,884M | 20,142.42M | 23,506.08M | 25,151.70M | 26,763.85M |
| Net income | 13,682M | 16,632.51M | 19,226.70M | 19,929.65M | 21,343.08M |
| EBITDA | 18,558M | 19,399.77M | 22,442.20M | 23,530.47M | 24,188.56M |
| Diluted EPS | 1.52 | 1.85 | 2.14 | 2.21 | 2.37 |
| Dividends Per Share | 0.90 | 1 | 1.10 | 1.20 | 1.25 |
| Total Assets | 329,083M | 352,268.05M | 360,298.56M | 373,741.61M | 375,617.45M |
| Total liabilities | 287,408M | 302,617.77M | 299,978.93M | 293,832.08M | 287,158.81M |
| Total equity | 37,349M | 45,243.24M | 55,423.76M | 64,921.64M | 73,829.70M |
| Operating cash flow | 23,294M | 29,876.68M | 37,601.54M | 33,308.69M | 33,091.49M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 11,432.35M | 12,321.56M | 13,882.11M | 15,720.86M | 17,745.35M |
| Gross Profit | 2,307.96M | 2,493.23M | 2,858.82M | 3,513.46M | 4,021.21M |
| Operating income | 333.88M | 321.92M | 387.97M | 414.06M | 427.62M |
| Income before tax | 492.63M | 570.92M | 692.70M | 778.03M | 862.10M |
| Net income | 399.21M | 471.43M | 566.59M | 616.49M | 687.49M |
| EBITDA | 541.48M | 549.87M | 661.35M | 727.88M | 779.15M |
| Diluted EPS | 0.04 | 0.05 | 0.06 | 0.06 | 0.07 |
| Dividends Per Share | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 |
| Total Assets | 9,145.00M | 9,837.00M | 11,055.49M | 11,478.55M | 12,539.91M |
| Total liabilities | 7,986.88M | 8,450.53M | 9,204.63M | 9,024.32M | 9,586.73M |
| Total equity | 1,037.90M | 1,263.40M | 1,700.63M | 1,993.90M | 2,464.78M |
| Operating cash flow | 679.66M | 846.83M | 1,108.09M | 1,030.35M | 1,065.92M |
Valuation Measures
| Dec 2019 | |
| PER | 30.40 |
| ROA | 5.69% |
| ROE | 30.76% |
| Operating margin | 2.40% |
| Profit margin | 3.87% |
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
- Head-Compliance Officer: Narongsak Poomsrisaard
Shareholders
- Charoen Pokphand Foods Public Co. Ltd. (33.8%)
- CHEARAVANONT FAMILY (3.6%)
- GIC Pte Ltd. (Investment Management) (1.7%)
- Social Security Office of Thailand (1.7%)
- TIEANWORN PRINYA (1.1%)
- Sands Capital Management LLC (0.9%)
- Norges Bank Investment Management (0.9%)
- AIA Co., Ltd. (Invt Port Thailand) (0.7%)
- APG Asset Management NV (0.5%)
- HEMVACHIRAVARAKORN PAOPILAS (0.5%)
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 Co., Ltd.
- Berli Jucker Public Co. Ltd.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 3 Aug, 2020