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 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 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

THB | USD

	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
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%)
Norges Bank Investment Management (0.9%)
Sands Capital Management LLC (0.9%)
BBL Asset Management Co., Ltd. (0.7%)
APG Asset Management NV (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.
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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.
Seven & I Holdings Co., Ltd.
Berli Jucker Public Co. Ltd.
Siam Makro Public Co. Ltd.

Last Updated on 27 Mar, 2020