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Thai Beverage Public Co., Ltd.
- 0.65 SGD
- 0.00
- 0.00%
Thailand
Sep 19, 2018Ticker
SES(Y92)Prev. close
0.65Market cap (SGD)
16,322.35MMarket cap (USD)
11,917.49MShares
25,111.32M
In the news
- Thai military moves to cement relations with big business May 18, 2018
- The Yamazaki crisis -- Japanese whisky is going dry May 5, 2018
- Kirin to brew 60% more beer in thirsty Myanmar Apr 27, 2018
- Saigon Beer elects ThaiBev representatives to main board Apr 24, 2018
- Saigon Beer to appoint new board members representing ThaiBev Apr 16, 2018 See more articles on Thai Beverage Public Co., Ltd.
Company Background
Thai Beverage, Thailand's largest thirst-quencher, offers both alcoholic and non-alcoholic drinks. One of its best-known brands is Chang beer, which controls the second largest slice of Thailand's beer market, after Singha beer. Thai Beverage is listed on the Singapore stock exchange; the Thai bourse restricts the listing of alcohol-related stocks.
The company was founded in 2003 through the consolidation of 58 beer and spirits businesses, such as the Chang beer, owned by billionaire Charoen Sirivadhanabhakdi, a Chinese immigrant. Charoen has expanded into non-alcohol business in recent years through acquisitions of beverage makers. Brands owned include green-tea beverage Oishi and est cola, a Pepsi knockoff. In 2012, it acquired a roughly 29% stake in Singaporean beverage maker Fraser and Neave, in line with its long-term strategy to strengthen its non-alcoholic business and operations outside Thailand.
The Sirivadhanabhakdi family's stake in Thai Beverage is around 30%. Charoen is chairman and his son Thapana serves as president and CEO.
While Thai Beverage is its core business, the family also has investments in real estate, hotels, financial and consumer products. It has a majority stake in Thai-listed trading house Berli Jucker, which recently acquired Metro's Vietnam operations. Metro is a German-based chain of warehouse-style retailers and wholesalers.
Business Summary
Financial Highlights
| Sep 2017 | SGD | USD |
| Revenue | 7,670.11M | 5,499.98M |
| Gross Profit | 2,315.19M | 1,660.15M |
| Operating income | 1,112.54M | 797.77M |
| Income before tax | 1,099.79M | 788.62M |
| Net income | 1,393.15M | 998.98M |
| EBITDA | 1,286.25M | 922.33M |
| Diluted EPS | 0.05 | 0.03 |
| Dividends Per Share | 0.02 | 0.01 |
| Total Assets | 7,909.09M | 5,824.28M |
| Total liabilities | 2,513.40M | 1,850.88M |
| Total equity | 5,243.68M | 3,861.46M |
| Operating cash flow | 1,255.37M | 900.18M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Sep 2016 | Sep 2017 | |
| Revenue | 6,343.10M | 6,320.21M | 6,903.80M | 7,234.53M | 7,670.11M |
| Gross Profit | 1,745.74M | 1,809.98M | 1,972.44M | 2,128.73M | 2,315.19M |
| Operating income | 855.13M | 911.75M | 930.58M | 1,012.45M | 1,112.54M |
| Income before tax | 806.43M | 881.33M | 930.86M | 1,003.61M | 1,099.79M |
| Net income | 778.99M | 846.15M | 1,061.88M | 983.65M | 1,393.15M |
| EBITDA | 1,017.33M | 1,069.17M | 1,109.15M | 1,183.66M | 1,286.25M |
| Diluted EPS | 0.03 | 0.03 | 0.04 | 0.02 | 0.05 |
| Dividends Per Share | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Assets | 7,044.16M | 6,927.05M | 7,175.72M | 7,383.99M | 7,909.09M |
| Total liabilities | 3,278.91M | 2,711.05M | 2,473.85M | 2,516.02M | 2,513.40M |
| Total equity | 3,622.80M | 4,078.52M | 4,568.57M | 4,724.65M | 5,243.68M |
| Operating cash flow | 734.40M | 1,002.13M | 939.05M | 777.43M | 1,255.37M |
| Dec 2013 | Dec 2014 | Dec 2015 | Sep 2016 | Sep 2017 | |
| Revenue | 5,069.11M | 4,988.36M | 5,020.00M | 5,242.30M | 5,499.98M |
| Gross Profit | 1,395.12M | 1,428.56M | 1,434.23M | 1,542.53M | 1,660.15M |
| Operating income | 683.38M | 719.62M | 676.66M | 733.64M | 797.77M |
| Income before tax | 644.46M | 695.61M | 676.86M | 727.24M | 788.62M |
| Net income | 622.53M | 667.84M | 772.13M | 712.77M | 998.98M |
| EBITDA | 813.00M | 843.87M | 806.50M | 857.70M | 922.33M |
| Diluted EPS | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 5,579.09M | 5,227.56M | 5,058.13M | 5,415.67M | 5,824.28M |
| Total liabilities | 2,596.95M | 2,045.92M | 1,743.80M | 1,845.33M | 1,850.88M |
| Total equity | 2,869.32M | 3,077.90M | 3,220.36M | 3,465.22M | 3,861.46M |
| Operating cash flow | 586.90M | 790.95M | 682.81M | 563.34M | 900.18M |
Valuation Measures
| Sep 2017 | |
| PER | 16.27 |
| ROA | 18.21% |
| ROE | 27.95% |
| Operating margin | 14.50% |
| Profit margin | 18.16% |
Key executives
- President, Chief Executive Officer & Director: Thapana Sirivadhanabhakdi
- Chief Financial Officer: Sithichai Chaikriangkrai
- Director & Executive VP-Technology & Engineering: Pisanu Vichiensanth
- Senior Vice President: Kamolnai Chaixanien
- Senior Vice President: Nongnuch Buranasetkul
Shareholders
- SIRIVADHANABHAKDI FAMILY (43.6%)
- MM Group Ltd. (20.6%)
- Capital Research & Management Co. (Global Investors) (2.4%)
- Capital Research & Management Co. (World Investors) (2.0%)
- Sirisopha Co. Ltd. (1.5%)
- Genesis Investment Management LLP (1.1%)
- TEJAPAIBUL VIVAT (0.8%)
- Vontobel Asset Management, Inc. (0.8%)
- Matthews International Capital Management LLC (0.8%)
- BLI - Banque de Luxembourg Investments SA (0.4%)
Contact Details
- Website:http://www.thaibev.com
- Address: 14 Vibhavadee Rangsit Road, Chomphon, Chatuchak, Bangkok, 10900, Thailand
- Phone: +66.2.785.5555
Related Companies
- International Beverage Holdings Singapore Pte Ltd.
- QSR of Asia Co. Ltd.
- TCC Hotel Asset Management Co. Ltd.
- Pomthip (2012) Co. Ltd.
- Krittayabun Co. Ltd.
- InterBev Trading (Hong Kong) Ltd.
- Food of Asia Co. Ltd.
- Chang International Co. Ltd.
- Nateechai Co. Ltd.
- Kankwan Co. Ltd.
- Pompalang Co. Ltd.
- Pomkit Co., Ltd.
- Pomnakorn Co. Ltd.
- Pomklung Co. Ltd.
- Gaew Grung Thai Co. Ltd.
- Num Kijjakarn Co. Ltd.
- Num Palang Co. Ltd.
- Modern Trade Management Co. Ltd.
- Beer Thai (1991) Plc
- Sangsom Co. Ltd.
- Num Nakorn Co. Ltd.
- Nummuang Co. Ltd.
- Num Yuk Co., Ltd
- InterBev (Cambodia) Co. Ltd.
- Red Bull Distillery Group of Cos.
- Interbev Malaysia Sdn. Bhd.
- Interbev Singapore Ltd.
- Feed Addition Co. Ltd.
- Luckchai Liquor Trading Co. Ltd.
- Simathurakij Co. Ltd.
Competitors
- Monster Beverage Corporation
- Del Monte Pacific Limited
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