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Process Industries

Charoen Pokphand Foods Public Co. Ltd.

  • 23.90 THB
  • +0.10
  • +0.42%
  • Thailand
    Apr 20, 2018
  • Ticker
    BKK(CPF)
  • Prev. close
    23.80
  • Market cap (THB)
    204,948M
  • Market cap (USD)
    6,543.66M
  • 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 includes animal feed, animal farm products, and processed foods and ready meals. The company was founded on January 17, 1978 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue501,507.49M14,779.11M
Gross Profit57,052.94M1,681.31M
Operating income8,740.86M257.58M
Income before tax10,165.91M299.58M
Net income14,746.32M434.56M
EBITDA29,989.54M883.77M
Diluted EPS1.910.05
Dividends Per Share0.750.02
Total Assets593,496.94M18,211.01M
Total liabilities381,855.09M11,716.94M
Total equity153,015.19M4,695.15M
Operating cash flow10,041.84M295.92M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 389,251M 426,039M 421,355M 464,464M 501,507.49M
Gross Profit 36,911M 54,794M 55,375M 70,039M 57,052.94M
Operating income 1,894M 14,502M 11,202M 27,799M 8,740.86M
Income before tax 4,588M 13,009M 14,807M 21,386M 10,165.91M
Net income 7,065M 10,561M 11,059M 14,703M 14,746.32M
EBITDA 10,937M 29,107M 22,708M 46,307M 29,989.54M
Diluted EPS 0.96 1.60 1.50 1.99 1.91
Dividends Per Share 0.50 0.75 0.75 0.95 0.75
Total Assets 365,003M 416,764M 494,263M 582,179M 593,496.94M
Total liabilities 235,430M 252,798M 320,538M 388,473M 381,855.09M
Total equity 109,795M 117,532M 116,365M 133,698M 153,015.19M
Operating cash flow 6,141M 18,796M 15,177M 24,679M 10,041.84M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,667.11M 13,115.52M 12,294.20M 13,164.86M 14,779.11M
Gross Profit 1,201.16M 1,686.82M 1,615.71M 1,985.20M 1,681.31M
Operating income 61.63M 446.44M 326.84M 787.94M 257.58M
Income before tax 149.30M 400.47M 432.03M 606.16M 299.58M
Net income 229.91M 325.11M 322.67M 416.74M 434.56M
EBITDA 355.91M 896.05M 662.56M 1,312.53M 883.77M
Diluted EPS 0.03 0.04 0.04 0.05 0.05
Dividends Per Share 0.01 0.02 0.02 0.02 0.02
Total Assets 11,107.82M 12,667.59M 13,735.25M 16,257.21M 18,211.01M
Total liabilities 7,164.63M 7,683.82M 8,907.54M 10,848.01M 11,716.94M
Total equity 3,341.29M 3,572.40M 3,233.70M 3,733.48M 4,695.15M
Operating cash flow 199.84M 578.63M 442.83M 699.50M 295.92M

Valuation Measures

Dec 2017
PER12.56
ROA2.50%
ROE10.28%
Operating margin1.74%
Profit margin2.94%

Key executives

  • Co-President & Director: Adirek Sripratak
  • Co-President, Director & CEO-Agro Business: Sooksunt Jiumjaiswanglerg
  • Co-President, Director & CEO-Food Business: Sukhawat Dansermsuk
  • Chief Financial Officer: Paisan Chirakitcharern
  • EVP-Food Processing Technology & Engineering Unit: Anurat Suthamnirun

Shareholders

  • CHEARAVANONT FAMILY (45.2%)
  • Charoen Pokphand Foods Public Co. Ltd. (3.9%)
  • Social Security Office of Thailand (3.0%)
  • GIC Pte Ltd. (Investment Management) (2.8%)
  • The Vanguard Group, Inc. (1.2%)
  • TIEANWORN PRINYA (1.0%)
  • JIRAPHUMMIN WALAIPORN (0.7%)
  • Dimensional Fund Advisors LP (0.6%)
  • Causeway Capital Management LLC (0.2%)
  • Unigestion SA (0.1%)

Contact Details

Related Companies

  • Severnaya Poultry Farm OJSC
  • CP Foods Uk Ltd.
  • Charoen Pokphand Holdings (Malaysia) Sdn. Bhd.
  • Cpf Netherlands BV
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  • CP Foods International Ltd.
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  • Charoen Pokphand Foods Kenya Co., Ltd.
  • Chia Tai Group Co., Ltd.
  • CPF (Thailand) Public Co. Ltd.
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  • Pai Shih Investment Ltd.
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  • CPF Tokyo Co., Ltd.
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  • Seafoods Enterprise Co. Ltd.
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Competitors

  • Kraft Heinz Company
  • Conagra Brands, Inc.
  • Pinnacle Foods, Inc.
  • Nestle S.A.
  • San Miguel Food and Beverage Inc
  • Top Frontier Investment Holdings, Inc.
  • San Miguel Corp.
  • Cherkizovo Group PJSC
  • Clearwater Seafoods Inc.
Last Updated on 20 Apr, 2018

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