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
Financial Highlights
| Dec 2019 | THB | USD |
| Revenue | 532,573.46M | 17,155.00M |
| Gross Profit | 76,304.15M | 2,457.87M |
| Operating income | 21,907.03M | 705.65M |
| Income before tax | 20,650.31M | 665.17M |
| Net income | 17,855.80M | 575.16M |
| EBITDA | 44,942.77M | 1,447.67M |
| Diluted EPS | 2.18 | 0.07 |
| Dividends Per Share | 0.70 | 0.02 |
| Total Assets | 634,050.55M | 21,167.65M |
| Total liabilities | 430,178.16M | 14,361.41M |
| Total equity | 153,275.26M | 5,117.06M |
| Operating cash flow | 31,748.85M | 1,022.67M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 421,355M | 464,464M | 501,507.49M | 541,937.39M | 532,573.46M |
| Gross Profit | 55,375M | 70,039M | 57,052.94M | 62,636.19M | 76,304.15M |
| Operating income | 11,202M | 27,502M | 8,740.86M | 14,036.46M | 21,907.03M |
| Income before tax | 14,807M | 21,386M | 10,165.91M | 19,293.46M | 20,650.31M |
| Net income | 11,059M | 14,703M | 14,746.32M | 14,931.47M | 17,855.80M |
| EBITDA | 22,708M | 46,010M | 29,989.54M | 36,443.88M | 44,942.77M |
| Diluted EPS | 1.50 | 1.99 | 1.91 | 1.82 | 2.18 |
| Dividends Per Share | 0.75 | 0.95 | 0.75 | 0.65 | 0.70 |
| Total Assets | 494,263M | 582,179M | 593,496.94M | 628,090.85M | 634,050.55M |
| Total liabilities | 320,538M | 388,473M | 381,855.09M | 424,432.59M | 430,178.16M |
| Total equity | 116,365M | 133,698M | 153,015.19M | 150,533.15M | 153,275.26M |
| Operating cash flow | 15,177M | 24,679M | 10,041.84M | 7,501.38M | 31,748.85M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 12,294.20M | 13,164.86M | 14,779.11M | 16,764.10M | 17,155.00M |
| Gross Profit | 1,615.71M | 1,985.20M | 1,681.31M | 1,937.56M | 2,457.87M |
| Operating income | 326.84M | 779.52M | 257.58M | 434.19M | 705.65M |
| Income before tax | 432.03M | 606.16M | 299.58M | 596.81M | 665.17M |
| Net income | 322.67M | 416.74M | 434.56M | 461.88M | 575.16M |
| EBITDA | 662.56M | 1,304.11M | 883.77M | 1,127.34M | 1,447.67M |
| Diluted EPS | 0.04 | 0.05 | 0.05 | 0.05 | 0.07 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Assets | 13,735.25M | 16,257.21M | 18,211.01M | 19,290.25M | 21,167.65M |
| Total liabilities | 8,907.54M | 10,848.01M | 11,716.94M | 13,035.39M | 14,361.41M |
| Total equity | 3,233.70M | 3,733.48M | 4,695.15M | 4,623.25M | 5,117.06M |
| Operating cash flow | 442.83M | 699.50M | 295.92M | 232.04M | 1,022.67M |
Valuation Measures
| Dec 2019 | |
| PER | 12.60 |
| ROA | 2.82% |
| ROE | 11.75% |
| Operating margin | 4.11% |
| Profit margin | 3.35% |
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 (38.6%)
- Jumbo Kingdom Ventures Ltd. (10.6%)
- Charoen Pokphand Foods Public Co. Ltd. (4.0%)
- GIC Pte Ltd. (Investment Management) (3.5%)
- Social Security Office of Thailand (2.4%)
- TIEANWORN PRINYA (0.6%)
- TMB Asset Management Co., Ltd. (0.6%)
- TOBAM SAS (0.2%)
- Causeway Capital Management LLC (0.2%)
- Bonafide Wealth Management AG (Liechtenstein) (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
Related Companies
- 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 Enterprises International Limited
- 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.
- 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.
- Seafood Enterprises Co.
Competitors
- San Miguel Food & Beverage, Inc.
- Top Frontier Investment Holdings, Inc.
- San Miguel Corp.
- Vitarich Corp.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 27 Oct, 2020
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.