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Finance

Central Pattana Public Co. Ltd.

  • 76.25 THB
  • 0.00
  • 0.00%
  • Thailand
    Apr 22, 2019
  • Ticker
    BKK(CPN)
  • Prev. close
    76.25
  • Market cap (THB)
    342,210M
  • Market cap (USD)
    10,738.53M
  • Shares
    4,488M

Company Background

Central Pattana is the property development and management arm of Central Group, a Thai retail conglomeragte. It controls 20% of metropolitan Bangkok's shopping mall rental space. The company manages some 25 shopping centers nationwide under the CentralWorld, CentralPlaza and CentralFestival brands, as well as offices, hotels and residential properties.

Central Group was founded by Chinese immigrant Tiang Chirathivat. He entered the retail business in 1927, opening a general merchandise store in Bangkok and Thailand's first department store in 1956. Central Pattana was established in 1980, after Tiang was succeeded by his eldest son, Samrit, to prepare for the group's entry into shopping malls. Its first development was CentralPlaza Ladprao, which opened in 1982 in northern Bangkok. In 2006, it opened CentralWorld in central Bangkok, which became the largest shopping complex in Southeast Asia.

At present, the Central Group and the Chirathivat family hold a combined 55% stake in Central Pattana. Suthichai Chirathivat, the sixth son of Tiang, is chairman of the board.

Business Summary

Central Pattana Public Co. Ltd. engages in the business of real properties. It focuses on the development of shopping complexes and other complementary mixed-use projects, which include residences, office buildings, and hotels. The company was founded on June 17, 1980 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018 THBUSD
Revenue36,433.51M1,127.02M
Gross Profit18,854.50M583.23M
Operating income8,992.16M278.16M
Income before tax12,453.10M385.22M
Net income11,215.65M346.94M
EBITDA14,237.98M440.43M
Diluted EPS2.490.07
Dividends Per Share1.100.03
Total Assets161,917.87M4,972.90M
Total liabilities87,742.13M2,694.78M
Total equity65,726.01M2,018.61M
Operating cash flow17,463.11M540.19M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 22,368.98M 24,307.01M 27,660.69M 31,117.28M 36,433.51M
Gross Profit 10,196.07M 11,141.10M 13,115.60M 16,107.72M 18,854.50M
Operating income 6,409.25M 7,134.11M 8,580.63M 11,125.32M 8,992.16M
Income before tax 7,993.11M 8,698.94M 10,180.44M 14,625.32M 12,453.10M
Net income 7,306.95M 7,880.31M 9,243.79M 13,567.64M 11,215.65M
EBITDA 11,105.18M 11,046.14M 13,254.01M 16,803.70M 14,237.98M
Diluted EPS 1.63 1.76 2.06 3.02 2.49
Dividends Per Share 0.65 0.70 0.83 1.40 1.10
Total Assets 89,604.84M 103,044.63M 104,976.79M 120,948.88M 161,917.87M
Total liabilities 47,856.92M 56,243.51M 51,971.99M 57,069.10M 87,742.13M
Total equity 41,020.70M 45,936.59M 52,037.04M 61,801.02M 65,726.01M
Operating cash flow 21,735.11M 13,835.44M 14,609.08M 26,913.79M 17,463.11M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 688.62M 709.22M 784.02M 917.00M 1,127.02M
Gross Profit 313.88M 325.07M 371.75M 474.68M 583.23M
Operating income 197.30M 208.15M 243.21M 327.85M 278.16M
Income before tax 246.06M 253.81M 288.55M 430.99M 385.22M
Net income 224.94M 229.92M 262.00M 399.83M 346.94M
EBITDA 341.87M 322.30M 375.67M 495.19M 440.43M
Diluted EPS 0.05 0.05 0.05 0.08 0.07
Dividends Per Share 0.02 0.02 0.02 0.04 0.03
Total Assets 2,723.55M 2,863.54M 2,931.45M 3,711.22M 4,972.90M
Total liabilities 1,454.61M 1,562.97M 1,451.30M 1,751.12M 2,694.78M
Total equity 1,246.82M 1,276.54M 1,453.12M 1,896.31M 2,018.61M
Operating cash flow 669.11M 403.68M 414.08M 793.13M 540.19M

Valuation Measures

Dec 2018
PER29.91
ROA7.92%
ROE17.58%
Operating margin24.68%
Profit margin30.78%

Key executives

  • President, Chief Executive Officer & Director: Preecha Ekkunagul
  • Senior Executive Vice President-Operation: Pakorn Partanapat
  • SEVP-Finance, Accounting & Risk Management: Naparat Sriwanvit
  • Senior Executive Vice President: Suthipak Chirathivat
  • Secretary & Vice President: Ampawee Chompoopongkasem

Shareholders

  • Central Holding Co. Ltd. (26.2%)
  • The Vanguard Group, Inc. (1.7%)
  • Social Security Office of Thailand (1.7%)
  • OSATHANUGRAH NITTI (1.1%)
  • APG Asset Management NV (0.9%)
  • CHIRATHIVAT PRIN (0.9%)
  • CHIRATHIVAT TOS (0.9%)
  • Genesis Investment Management LLP (0.8%)
  • CHIRATHIVAT SUDTHIDEJ (0.7%)
  • CHIRATHIVAT PICHAI (0.6%)

Contact Details

  • Website:http://www.cpn.co.th
  • Address: 31F, The Offices at Centralworld, 999/9 Rama 1 Road, Bangkok, 10330, Thailand
  • Phone: +66.2.667.5555

Related Companies

  • Central Pattana Development Co. Ltd.
  • CPN Rayong Co. Ltd.
  • CPN City Co. Ltd.
  • Central Food Avenue Co. Ltd.
  • CPN Pattaya Co. Ltd.
  • Lungsuan Realty Co. Ltd.
  • Cetral Pattana Nine Square Co. Ltd.
  • Central Pattana Chonburi Co. Ltd.
  • Central Pattana Rattanathibet Co. Ltd.
  • Korat Land Owner Co. Ltd.
  • CPN Learning Center Co. Ltd.
  • W.Estate Co. Ltd.
  • Bangna Central Property Co. Ltd.
  • CPN Global Co. Ltd.
  • Central Pattana Nine Square Co. Ltd.
  • Central Pattana Chiangmai Co. Ltd.
  • Central Pattana Khonkaen Co. Ltd.
  • Central Realty Service Rama 3 Co. Ltd.
  • Central Pattana Rama 3 Co. Ltd.
  • Rachada Nonsee Department Store Co Ltd

Competitors

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