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 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	THB	USD
Revenue	512,704.44M	16,013.88M
Gross Profit	65,889.61M	2,058.00M
Operating income	15,009.12M	468.79M
Income before tax	12,565.58M	392.47M
Net income	12,428.25M	388.18M
EBITDA	43,940.42M	1,372.44M
Diluted EPS	1.54	0.04
Dividends Per Share	0.65	0.02
Total Assets	842,680.62M	25,226.18M
Total liabilities	570,543.76M	17,079.59M
Total equity	200,066.99M	5,989.13M
Operating cash flow	2,902.22M	90.64M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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
PER	16.35
ROA	1.54%
ROE	6.59%
Operating margin	2.92%
Profit margin	2.42%

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

Krungsri Asset Management Co., Ltd. (0.4%)
TMB Asset Management Co., Ltd. (0.3%)
TOBAM SAS (0.1%)
Bonafide Wealth Management AG (Liechtenstein) (0.1%)
KBC Fund Management Ltd. (0.1%)
Russell Investments Ltd. (0.0%)
Sjunde AP-fonden (0.0%)
KBC Asset Management NV (0.0%)
Dimensional Fund Advisors LP (0.0%)
The Caisse de depot et placement du Quebec (0.0%)

Contact Details

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

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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 1 Jul, 2022