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Process Industries

Charoen Pokphand Foods Public Co. Ltd.

  • 26.50 THB
  • -0.25
  • -0.93%
  • Thailand
    Sep 18, 2019
  • Ticker
    BKK(CPF)
  • Prev. close
    26.75
  • Market cap (THB)
    230,350.73M
  • Market cap (USD)
    7,544.44M
  • Shares
    8,611.24M

Company Background

Charoen Pokphand Foods is the core agribusiness arm of Thailand's largest conglomerate, Charoen Pokphand Group, with sales accounting for about 30% of the group's revenue.

Its main businesses are animal feed, shrimp farming and livestock farming. It also operates restaurants, food courts and retailers, such as CP Fresh Mart, a small supermarket that sells CP products.

The company's roots date back to the 1920s, when the founders started a small seed shop in Bangkok. They then expanded the business into animal feed production and later livestock farming, processing, marketing and distribution.

CP Foods has subsidiaries in nearly 20 countries and exports to more than 40. In 2012, it acquired CP Pokphand, which is in charge of agribusiness operations in China and Vietnam, from CP Group and made it a subsidiary. In 2014, it sold 25% of CPP's stake to Japanese trading house Itochu as part of a cross-shareholding deal between Itochu and CP Group.

CP Group and CP Foods Chairman Dhanin Chearavanont took over from his father in 1969. Adirek Sripratak, the company's chief executive officer since 2003, is not from the founding family.

Business Summary

Charoen Pokphand Foods Public Co. Ltd. engages in the operation of agro-industrial and food businesses. It operates through the Livestock and Aquaculture Business segments. The Livestock Business segment comprises of chicken, ducks, and pigs. The Aquaculture Business segment consists of shrimp and fish. Its products include animal feed, animal farm products, and processed food and ready meals. The company was founded on January 17, 1978 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018 THBUSD
Revenue541,937.39M16,764.10M
Gross Profit62,636.19M1,937.56M
Operating income14,036.46M434.19M
Income before tax19,293.46M596.81M
Net income14,931.47M461.88M
EBITDA36,443.88M1,127.34M
Diluted EPS1.820.05
Dividends Per Share0.650.02
Total Assets628,090.85M19,290.25M
Total liabilities424,432.59M13,035.39M
Total equity150,533.15M4,623.25M
Operating cash flow7,501.38M232.04M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 426,039M 421,355M 464,464M 501,507.49M 541,937.39M
Gross Profit 54,794M 55,375M 70,039M 57,052.94M 62,636.19M
Operating income 14,502M 11,202M 27,502M 8,740.86M 14,036.46M
Income before tax 13,009M 14,807M 21,386M 10,165.91M 19,293.46M
Net income 10,561M 11,059M 14,703M 14,746.32M 14,931.47M
EBITDA 29,107M 22,708M 46,010M 29,989.54M 36,443.88M
Diluted EPS 1.60 1.50 1.99 1.91 1.82
Dividends Per Share 0.75 0.75 0.95 0.75 0.65
Total Assets 416,764M 494,263M 582,179M 593,496.94M 628,090.85M
Total liabilities 252,798M 320,538M 388,473M 381,855.09M 424,432.59M
Total equity 117,532M 116,365M 133,698M 153,015.19M 150,533.15M
Operating cash flow 18,796M 15,177M 24,679M 10,041.84M 7,501.38M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 13,115.52M 12,294.20M 13,164.86M 14,779.11M 16,764.10M
Gross Profit 1,686.82M 1,615.71M 1,985.20M 1,681.31M 1,937.56M
Operating income 446.44M 326.84M 779.52M 257.58M 434.19M
Income before tax 400.47M 432.03M 606.16M 299.58M 596.81M
Net income 325.11M 322.67M 416.74M 434.56M 461.88M
EBITDA 896.05M 662.56M 1,304.11M 883.77M 1,127.34M
Diluted EPS 0.04 0.04 0.05 0.05 0.05
Dividends Per Share 0.02 0.02 0.02 0.02 0.02
Total Assets 12,667.59M 13,735.25M 16,257.21M 18,211.01M 19,290.25M
Total liabilities 7,683.82M 8,907.54M 10,848.01M 11,716.94M 13,035.39M
Total equity 3,572.40M 3,233.70M 3,733.48M 4,695.15M 4,623.25M
Operating cash flow 578.63M 442.83M 699.50M 295.92M 232.04M

Valuation Measures

Dec 2018
PER13.48
ROA2.44%
ROE9.83%
Operating margin2.59%
Profit margin2.75%

Key executives

  • CEO, Director, COO-Sausage & Ready Meal Business: Prasert Poongkumarn
  • Co-President, Director & CEO-Agro Business: Sooksunt Jiumjaiswanglerg
  • Co-President, Director & CEO-Food Business: Sukhawat Dansermsuk
  • Chief Financial Officer & Executive Director: Paisan Chirakitcharern
  • EVP-Information Technology & Application Unit: Praderm Chotsuparach

Shareholders

  • CHEARAVANONT FAMILY (35.9%)
  • GIC Pte Ltd. (Investment Management) (3.9%)
  • Charoen Pokphand Foods Public Co. Ltd. (3.9%)
  • Social Security Office of Thailand (3.8%)
  • TIEANWORN PRINYA (1.0%)
  • Dimensional Fund Advisors LP (0.7%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • TOBAM SAS (0.3%)
  • Causeway Capital Management LLC (0.2%)
  • LOHAWATANAKUL CHINGCHAI (0.2%)

Contact Details

Related Companies

  • Charoen Pokphand Foods Canada, Inc.
  • C.P. Aquaculture (Zhanjiang) Co., Ltd.
  • Zhangzhou C.P. Chia Tai Aquaculture Co., Ltd.
  • Charoen Pokphand Intertrade Singapore (Pte) Ltd.
  • Severnaya Poultry Farm OJSC
  • Charoen Pokphand Holdings (Malaysia) Sdn. Bhd.
  • Cpf Netherlands BV
  • C.P. Food Products Co. Ltd.
  • Chia Tai Feed (Yushu) Co. Ltd.
  • CP Foods International Ltd.
  • C.P. Foods Holdings Ltd.
  • Charoen Pokphand Foods Kenya Co., Ltd.
  • Chia Tai Group Co., Ltd.
  • CPF (Thailand) Public Co. Ltd.
  • Hsin Chung Holdings Ltd.
  • Pai Shih Investment Ltd.
  • Charoen Pokphand Foods (Malaysia) Sdn. Bhd.
  • CPF Tokyo Co., Ltd.
  • CPF Denamrk A/S
  • Seafoods Enterprise Co. Ltd.
  • International Pet Food Co., Ltd.
  • BP Food Products Co. Ltd.
  • CPF Training Center Co. Ltd.
  • C.P. Aquaculture (Dongfang) Co., Ltd.
  • C.P. Aquaculture (Beihai) Co., Ltd.
  • Seafood Enterprises Co.
  • Charoen Pokpand Fuds Zarubezhnye Investitsii
  • Fusion Foods Ltd.
  • Rajburi Food Co. Ltd.
  • C.P. Food Store Co. Ltd.

Competitors

  • Cherkizovo Group PJSC
  • Maruha Nichiro Corp.
Last Updated on 18 Sep, 2019

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