Charoen Pokphand Foods Public Co. Ltd.

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See more articles on Charoen Pokphand Foods Public Co. Ltd.

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	THB	USD
Revenue	541,937.39M	16,764.10M
Gross Profit	62,636.19M	1,937.56M
Operating income	14,036.46M	434.19M
Income before tax	19,293.46M	596.81M
Net income	14,931.47M	461.88M
EBITDA	36,443.88M	1,127.34M
Diluted EPS	1.82	0.05
Dividends Per Share	0.65	0.02
Total Assets	628,090.85M	19,290.25M
Total liabilities	424,432.59M	13,035.39M
Total equity	150,533.15M	4,623.25M
Operating cash flow	7,501.38M	232.04M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 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 2014	Dec 2015	Dec 2016	Dec 2017	Dec 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
PER	13.48
ROA	2.44%
ROE	9.83%
Operating margin	2.59%
Profit margin	2.75%

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%)
The Caisse de depot et placement du Quebec (0.1%)

Contact Details

Website:http://www.cpfworldwide.com/en
Address: C. P. Tower, 313 Silom Road, Bangkok, 10500, Thailand
Phone: +66.2.766.8000

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Competitors

Maruha Nichiro Corp.

Last Updated on 13 Dec, 2019