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Thai Beverage Public Co., Ltd.
- 0.80 SGD
- -0.02
- -2.45%
Thailand
Feb 22, 2019Ticker
SES(Y92)Prev. close
0.81Market cap (SGD)
20,467.50MMarket cap (USD)
15,148.80MShares
25,113.50M
In the news
- Bangkok's $1.6bn megamall: Masterstroke or white elephant? Nov 16, 2018
- Leicester City's owner moved in high British and Thai circles Oct 29, 2018
- 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 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 2018 | SGD | USD |
| Revenue | 9,541.39M | 7,099.27M |
| Gross Profit | 2,696.99M | 2,006.70M |
| Operating income | 1,127.26M | 838.74M |
| Income before tax | 876.67M | 652.29M |
| Net income | 769.71M | 572.70M |
| EBITDA | 1,360.18M | 1,012.04M |
| Diluted EPS | 0.03 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 |
| Total Assets | 17,023.42M | 12,459.05M |
| Total liabilities | 11,084.39M | 8,112.40M |
| Total equity | 5,118.34M | 3,745.99M |
| Operating cash flow | 850.04M | 632.47M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Sep 2016 | Sep 2017 | Sep 2018 | |
| Revenue | 6,320.21M | 6,903.80M | 7,234.53M | 7,670.11M | 9,541.39M |
| Gross Profit | 1,809.98M | 1,972.44M | 2,128.73M | 2,315.19M | 2,696.99M |
| Operating income | 911.75M | 930.58M | 1,012.45M | 1,112.54M | 1,127.26M |
| Income before tax | 881.33M | 930.86M | 1,003.61M | 1,099.79M | 876.67M |
| Net income | 846.15M | 1,061.88M | 983.65M | 1,393.15M | 769.71M |
| EBITDA | 1,069.17M | 1,109.15M | 1,183.66M | 1,286.25M | 1,360.18M |
| Diluted EPS | 0.03 | 0.04 | 0.02 | 0.05 | 0.03 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Total Assets | 6,927.05M | 7,175.72M | 7,383.99M | 7,909.09M | 17,023.42M |
| Total liabilities | 2,711.05M | 2,473.85M | 2,516.02M | 2,513.40M | 11,084.39M |
| Total equity | 4,078.52M | 4,568.57M | 4,724.65M | 5,243.68M | 5,118.34M |
| Operating cash flow | 1,002.13M | 939.05M | 777.43M | 1,255.37M | 850.04M |
| Dec 2014 | Dec 2015 | Sep 2016 | Sep 2017 | Sep 2018 | |
| Revenue | 4,988.36M | 5,020.00M | 5,242.30M | 5,499.98M | 7,099.27M |
| Gross Profit | 1,428.56M | 1,434.23M | 1,542.53M | 1,660.15M | 2,006.70M |
| Operating income | 719.62M | 676.66M | 733.64M | 797.77M | 838.74M |
| Income before tax | 695.61M | 676.86M | 727.24M | 788.62M | 652.29M |
| Net income | 667.84M | 772.13M | 712.77M | 998.98M | 572.70M |
| EBITDA | 843.87M | 806.50M | 857.70M | 922.33M | 1,012.04M |
| Diluted EPS | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 5,227.56M | 5,058.13M | 5,415.67M | 5,824.28M | 12,459.05M |
| Total liabilities | 2,045.92M | 1,743.80M | 1,845.33M | 1,850.88M | 8,112.40M |
| Total equity | 3,077.90M | 3,220.36M | 3,465.22M | 3,861.46M | 3,745.99M |
| Operating cash flow | 790.95M | 682.81M | 563.34M | 900.18M | 632.47M |
Valuation Measures
| Sep 2018 | |
| PER | 22.14 |
| ROA | 6.17% |
| ROE | 14.85% |
| Operating margin | 11.81% |
| Profit margin | 8.06% |
Key executives
- President, CEO & Executive Director: Thapana Sirivadhanabhakdi
- Executive Director & Senior Executive VP-Finance: Sithichai Chaikriangkrai
- Executive Director & SEVP-Technology & Engineering: Pisanu Vichiensanth
- Executive Director & Senior Executive VP: Ueychai Tantha-Obhas
- Senior VP-Sustainable Business Development: Jean Lebreton
Shareholders
- SIRIVADHANABHAKDI FAMILY (45.2%)
- MM Group Ltd. (20.6%)
- Capital Research & Management Co. (World Investors) (3.3%)
- Capital Research & Management Co. (Global Investors) (1.6%)
- TEJAPAIBUL VIVAT (0.8%)
- Matthews International Capital Management LLC (0.8%)
- Vontobel Asset Management, Inc. (0.5%)
- BLI - Banque de Luxembourg Investments SA (0.4%)
- SIRIVADHANABHAKDI PANOTE (0.4%)
- SIRIVADHANABHAKDI THAPANA (0.4%)
Contact Details
- Website:http://www.thaibev.com
- Address: 14 Vibhavadi Rangsit Road, Chomphon, Chatuchak, Bangkok, 10900, Thailand
- Phone: +66.2.785.5555
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Competitors
- Monster Beverage Corporation
- Del Monte Pacific Limited
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Last Updated on 22 Feb, 2019