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Process Industries

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 Business 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 2020 THBUSD
Revenue589,712.92M18,843.59M
Gross Profit107,243.40M3,426.83M
Operating income49,578.41M1,584.22M
Income before tax45,839.58M1,464.75M
Net income25,420.38M812.27M
EBITDA77,906.37M2,489.40M
Diluted EPS3.100.09
Dividends Per Share10.03
Total Assets761,719.08M25,424.53M
Total liabilities514,540.51M17,174.24M
Total equity176,936.78M5,905.76M
Operating cash flow61,736.30M1,972.71M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 464,464M 501,507.49M 541,937.39M 532,573.46M 589,712.92M
Gross Profit 70,039M 57,052.94M 62,636.19M 76,304.15M 107,243.40M
Operating income 27,502M 8,740.86M 14,036.46M 21,907.03M 49,578.41M
Income before tax 21,386M 10,165.91M 19,293.46M 20,650.31M 45,839.58M
Net income 14,703M 14,746.32M 14,931.47M 17,855.80M 25,420.38M
EBITDA 46,010M 29,989.15M 36,443.88M 44,942.77M 77,906.37M
Diluted EPS 1.99 1.90 1.82 2.18 3.10
Dividends Per Share 0.95 0.75 0.65 0.70 1
Total Assets 582,179M 593,496.94M 628,090.85M 634,050.55M 761,719.08M
Total liabilities 388,473M 381,855.09M 424,432.59M 430,178.16M 514,540.51M
Total equity 133,698M 153,015.19M 150,533.15M 153,275.26M 176,936.78M
Operating cash flow 24,679M 10,041.84M 7,501.38M 31,748.85M 61,736.30M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 13,164.86M 14,779.11M 16,764.10M 17,155.00M 18,843.59M
Gross Profit 1,985.20M 1,681.31M 1,937.56M 2,457.87M 3,426.83M
Operating income 779.52M 257.58M 434.19M 705.65M 1,584.22M
Income before tax 606.16M 299.58M 596.81M 665.17M 1,464.75M
Net income 416.74M 434.56M 461.88M 575.16M 812.27M
EBITDA 1,304.11M 883.76M 1,127.34M 1,447.67M 2,489.40M
Diluted EPS 0.05 0.05 0.05 0.07 0.09
Dividends Per Share 0.02 0.02 0.02 0.02 0.03
Total Assets 16,257.21M 18,211.01M 19,290.25M 21,167.65M 25,424.53M
Total liabilities 10,848.01M 11,716.94M 13,035.39M 14,361.41M 17,174.24M
Total equity 3,733.48M 4,695.15M 4,623.25M 5,117.06M 5,905.76M
Operating cash flow 699.50M 295.92M 232.04M 1,022.67M 1,972.71M

Valuation Measures

Dec 2020
PER8.52
ROA3.64%
ROE15.39%
Operating margin8.40%
Profit margin4.31%

Key executives

  • Chief Executive Officer & Director: Prasit Boondoungprasert
  • Chief Financial Officer & Executive Director: Paisan Chirakitcharern
  • EVP-Information Technology & Application Unit: Sunsern Samaisut
  • Executive VP-General Administration Unit: Voravit Janthanakul
  • EVP-Investment & Business Development Unit: Nattawat Chunhawuttiyanon

Shareholders

  • CHEARAVANONT FAMILY (34.5%)
  • Jumbo Kingdom Ventures Ltd. (10.6%)
  • Charoen Pokphand Foods Public Co. Ltd. (5.0%)
  • Social Security Office of Thailand (2.8%)
  • GIC Pte Ltd. (Investment Management) (1.9%)
  • TIEANWORN PRINYA (0.8%)
  • TMB Asset Management Co., Ltd. (0.5%)
  • Krungsri Asset Management Co., Ltd. (0.5%)
  • TOBAM SAS (0.2%)
  • Causeway Capital Management LLC (0.2%)

Contact Details

Related Companies

  • Cpf PCL
  • 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.
  • HyLife Ltd.
  • CPF (Thailand) Public Co. Ltd.
  • Hsin Chung Holdings Ltd.
  • Chieh Kuan Investment 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.
  • Charoen Pokphand Foods Philippines Corp.
  • CP Laos Co. Ltd.
  • CPF Training Center Co. Ltd.
  • C.P. Aquaculture (Dongfang) Co., Ltd.
  • C.P. Aquaculture (Beihai) Co., Ltd.

Competitors

  • San Miguel Food & Beverage, Inc.
  • Top Frontier Investment Holdings, Inc.
  • San Miguel Corp.
  • Vitarich Corp.
Last Updated on 30 Jul, 2021

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