Process Industries
Charoen Pokphand Foods Public Co. Ltd.
In the news
- Itochu finds hope in alliance with China's Citic in apparel Jul 30, 2020
- Food companies in Asia rethink supply chains broken by pandemic Jun 27, 2020
- Cash crunch fears rise in Thai corporate bond market on pandemic Jun 9, 2020
- Investors trawl for bargains in depressed Asian markets Apr 3, 2020
- Tesco buyback a wish come true for CP Group's 80-year-old tycoon Mar 13, 2020 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
| 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
- 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
- Website:http://www.cpfworldwide.com/en
- Address: 313 C.P. Tower, Silom Road, Bangkok, 10500, Thailand
- Phone: +66.2.766.8000
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
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