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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 2021 THBUSD
Revenue512,704.44M16,013.88M
Gross Profit65,889.61M2,058.00M
Operating income15,009.12M468.79M
Income before tax12,565.58M392.47M
Net income12,428.25M388.18M
EBITDA43,940.42M1,372.44M
Diluted EPS1.540.04
Dividends Per Share0.650.02
Total Assets842,680.62M25,226.18M
Total liabilities570,543.76M17,079.59M
Total equity200,066.99M5,989.13M
Operating cash flow2,902.22M90.64M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 501,507.49M 541,937.39M 532,573.46M 589,712.92M 512,704.44M
Gross Profit 57,052.94M 62,636.19M 76,304.15M 107,243.40M 65,889.61M
Operating income 8,740.86M 14,036.46M 21,907.03M 49,578.41M 15,009.12M
Income before tax 10,165.91M 19,293.46M 20,650.31M 45,839.58M 12,565.58M
Net income 14,746.32M 14,931.47M 17,855.80M 25,420.38M 12,428.25M
EBITDA 29,989.15M 36,443.88M 44,942.77M 77,906.37M 43,940.42M
Diluted EPS 1.90 1.82 2.18 3.10 1.54
Dividends Per Share 0.75 0.65 0.70 1 0.65
Total Assets 593,496.94M 628,090.85M 634,050.55M 761,719.08M 842,680.62M
Total liabilities 381,855.09M 424,432.59M 430,178.16M 514,540.51M 570,543.76M
Total equity 153,015.19M 150,533.15M 153,275.26M 176,936.78M 200,066.99M
Operating cash flow 10,041.84M 7,501.38M 31,748.85M 61,736.30M 2,902.22M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 14,779.11M 16,764.10M 17,155.00M 18,843.59M 16,013.88M
Gross Profit 1,681.31M 1,937.56M 2,457.87M 3,426.83M 2,058.00M
Operating income 257.58M 434.19M 705.65M 1,584.22M 468.79M
Income before tax 299.58M 596.81M 665.17M 1,464.75M 392.47M
Net income 434.56M 461.88M 575.16M 812.27M 388.18M
EBITDA 883.76M 1,127.34M 1,447.67M 2,489.40M 1,372.44M
Diluted EPS 0.05 0.05 0.07 0.09 0.04
Dividends Per Share 0.02 0.02 0.02 0.03 0.02
Total Assets 18,211.01M 19,290.25M 21,167.65M 25,424.53M 25,226.18M
Total liabilities 11,716.94M 13,035.39M 14,361.41M 17,174.24M 17,079.59M
Total equity 4,695.15M 4,623.25M 5,117.06M 5,905.76M 5,989.13M
Operating cash flow 295.92M 232.04M 1,022.67M 1,972.71M 90.64M

Valuation Measures

Dec 2021
PER16.35
ROA1.54%
ROE6.59%
Operating margin2.92%
Profit margin2.42%

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 (37.9%)
  • Jumbo Kingdom Ventures Ltd. (10.0%)
  • Charoen Pokphand Foods Public Co. Ltd. (5.0%)
  • Social Security Office of Thailand (3.6%)
  • TIEANWORN PRINYA (1.2%)
  • Krungsri Asset Management Co., Ltd. (0.4%)
  • TMB Asset Management Co., Ltd. (0.3%)
  • Victory Capital Management, Inc. (Investment Management) (0.2%)
  • Russell Investments Ltd. (0.1%)
  • Bonafide Wealth Management AG (Liechtenstein) (0.1%)

Contact Details

Related Companies

  • Charoen Pokphand Foods (Overseas) LLC
  • Homegrown Shrimp (USA) LLC
  • CP Foods Singapore Pte Ltd.
  • CPF Food Research & Development Center Co., Ltd.
  • CPF Food Trading Co., Ltd.
  • Dak Galbi Group Co., Ltd.
  • CP Hilai Harbour Co., Ltd.
  • PLANT-TEC Europe Sp zoo
  • Bellisio Investment LLC
  • Cpf PCL
  • CP Foods Capital Ltd.
  • CPF Poland SA
  • CPF (India) Pvt Ltd.
  • Charoen Pokphand Foods Canada, Inc.
  • C.P. Aquaculture (Zhanjiang) Co., Ltd.
  • Maxfish Sp zoo
  • Charoen Pokphand Intertrade Singapore (Pte) Ltd.
  • Stesha OOO
  • CPVN 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.
  • C.P. Foods International Ltd.
  • C.P. Foods Holdings Ltd.
  • CPF Tanzania Ltd.
  • Charoen Pokphand Foods Kenya Co. Ltd.
  • Chia Tai Group Co., Ltd.
  • HyLife Ltd.

Competitors

  • San Miguel Food & Beverage, Inc.
  • Top Frontier Investment Holdings, Inc.
  • San Miguel Corp.
  • Vitarich Corp.
  • Central Retail Corporation Public Company Limited
Last Updated on 4 Oct, 2022

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