CP All Public Co. Ltd.

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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

CP All Public Co. Ltd. engages in the operation of convenience stores under the 7-Eleven trademark. It also operates a cash and carry business under Makro. The firm also provides bill payment services, operates frozen food plants and bakeries, and distributes retail equipment. The company was founded in 1988 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2021	THB	USD
Revenue	565,207.28M	17,653.77M
Gross Profit	120,368.84M	3,759.61M
Operating income	4,250.98M	132.77M
Income before tax	12,803.85M	399.91M
Net income	11,985.47M	374.35M
EBITDA	27,988.98M	874.21M
Diluted EPS	1.33	0.04
Dividends Per Share	0.60	0.01
Total Assets	931,892.56M	27,896.79M
Total liabilities	658,996.56M	19,727.48M
Total equity	84,222.89M	2,521.26M
Operating cash flow	36,886.81M	1,152.12M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	471,069.22M	508,212.33M	550,900.78M	525,884.31M	565,207.28M
Gross Profit	97,009.93M	113,580.60M	124,837.62M	115,004.29M	120,368.84M
Operating income	13,165.20M	13,385.47M	13,275.56M	7,146.09M	4,250.98M
Income before tax	23,506.08M	25,151.70M	26,763.85M	19,325.77M	12,803.85M
Net income	19,226.70M	19,929.65M	21,343.08M	15,099.41M	11,985.47M
EBITDA	22,442.20M	23,530.47M	24,188.56M	27,795.09M	27,988.98M
Diluted EPS	2.14	2.21	2.37	1.68	1.33
Dividends Per Share	1.10	1.20	1.25	0.90	0.60
Total Assets	360,298.56M	373,741.61M	375,617.45M	523,354.32M	931,892.56M
Total liabilities	299,978.93M	293,832.08M	287,158.81M	431,668.45M	658,996.56M
Total equity	55,423.76M	64,921.64M	73,829.70M	76,849.58M	84,222.89M
Operating cash flow	37,601.54M	33,308.69M	33,091.49M	31,368.05M	36,886.81M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	13,882.11M	15,720.86M	17,745.35M	16,804.02M	17,653.77M
Gross Profit	2,858.82M	3,513.46M	4,021.21M	3,674.82M	3,759.61M
Operating income	387.97M	414.06M	427.62M	228.34M	132.77M
Income before tax	692.70M	778.03M	862.10M	617.53M	399.91M
Net income	566.59M	616.49M	687.49M	482.48M	374.35M
EBITDA	661.35M	727.88M	779.15M	888.16M	874.21M
Diluted EPS	0.06	0.06	0.07	0.05	0.04
Dividends Per Share	0.03	0.03	0.04	0.02	0.01
Total Assets	11,055.49M	11,478.55M	12,539.91M	17,468.43M	27,896.79M
Total liabilities	9,204.63M	9,024.32M	9,586.73M	14,408.15M	19,727.48M
Total equity	1,700.63M	1,993.90M	2,464.78M	2,565.07M	2,521.26M
Operating cash flow	1,108.09M	1,030.35M	1,065.92M	1,002.33M	1,152.12M

Valuation Measures

Dec 2021
PER	44.22
ROA	1.64%
ROE	14.88%
Operating margin	0.75%
Profit margin	2.12%

Key executives

Chief Executive Officer: Yuthasak Poomsurakul
Senior Vice President-Operation: Thupthep Jiraadisawong
Chief Finance Officer, SVP-Accounting & Finance: Kriengchai Boonpoapichart
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 (1.0%)
Krungsri Asset Management Co., Ltd. (0.4%)
TMB Asset Management Co., Ltd. (0.3%)
APG Asset Management NV (0.2%)

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

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Competitors

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Last Updated on 4 Oct, 2022