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Finance

Central Pattana Public Co. Ltd.

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 2021 THBUSD
Revenue30,355.53M948.12M
Gross Profit15,571.42M486.36M
Operating income10,071.93M314.58M
Income before tax8,324.00M259.99M
Net income7,148.45M223.27M
EBITDA18,195.93M568.33M
Diluted EPS1.590.04
Dividends Per Share0.600.01
Total Assets263,596.84M7,890.94M
Total liabilities181,521.64M5,433.96M
Total equity73,102.18M2,188.36M
Operating cash flow7,597.48M237.30M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 31,094.07M 35,316.83M 38,092.57M 32,823.11M 30,355.53M
Gross Profit 16,084.51M 18,853.90M 20,006.23M 17,786.05M 15,571.42M
Operating income 11,465.97M 12,313.27M 12,355.95M 12,250.53M 10,071.93M
Income before tax 14,625.32M 12,453.10M 12,853.35M 10,723.56M 8,324.00M
Net income 13,567.64M 11,215.65M 11,738.40M 9,557.09M 7,148.45M
EBITDA 16,780.49M 17,559.09M 18,439.24M 20,156.53M 18,195.93M
Diluted EPS 3.02 2.49 2.61 2.13 1.59
Dividends Per Share 1.40 1.10 0.80 0.70 0.60
Total Assets 120,948.88M 161,917.87M 170,035.59M 221,652.28M 263,596.84M
Total liabilities 57,069.10M 87,742.13M 89,573.33M 144,528.98M 181,521.64M
Total equity 61,801.02M 65,726.01M 72,128.40M 68,790.04M 73,102.18M
Operating cash flow 26,913.79M 17,463.11M 17,899.75M 7,970.91M 7,597.48M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 916.32M 1,092.47M 1,227.01M 1,048.82M 948.12M
Gross Profit 474.00M 583.22M 644.43M 568.33M 486.36M
Operating income 337.89M 380.89M 398.00M 391.45M 314.58M
Income before tax 430.99M 385.22M 414.02M 342.65M 259.99M
Net income 399.83M 346.94M 378.11M 305.38M 223.27M
EBITDA 494.51M 543.16M 593.95M 644.07M 568.33M
Diluted EPS 0.08 0.07 0.08 0.06 0.04
Dividends Per Share 0.04 0.03 0.02 0.02 0.01
Total Assets 3,711.22M 4,972.90M 5,676.60M 7,398.27M 7,890.94M
Total liabilities 1,751.12M 2,694.78M 2,990.38M 4,824.06M 5,433.96M
Total equity 1,896.31M 2,018.61M 2,407.99M 2,296.06M 2,188.36M
Operating cash flow 793.13M 540.19M 576.57M 254.70M 237.30M

Valuation Measures

Dec 2021
PER35.33
ROA2.94%
ROE10.07%
Operating margin33.17%
Profit margin23.54%

Key executives

  • President & Chief Executive Officer: Wallaya Chirathivat
  • SEVP-Finance, Accounting & Risk Management: Naparat Sriwanvit
  • Director & Senior Executive Vice President: Suthipak Chirathivat
  • Secretary & Vice President: Ampawee Chompoopongkasem
  • Vice President: Naruson Romkaew

Shareholders

  • The Vanguard Group, Inc. (1.9%)
  • Norges Bank Investment Management (1.0%)
  • First Sentier Investors (UK) IM Ltd. (0.5%)
  • Krungsri Asset Management Co., Ltd. (0.5%)
  • APG Asset Management NV (0.4%)
  • TMB Asset Management Co., Ltd. (0.3%)
  • Matthews International Capital Management LLC (0.1%)
  • Dimensional Fund Advisors LP (0.1%)
  • Sjunde AP-fonden (0.0%)
  • Handelsbanken Fonder AB (0.0%)

Contact Details

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Competitors

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