Thai Union Group Public Co. Ltd.
In the news
- Asia Pacific companies need to face up to migrant labor problems Aug 14, 2019
- Thai Union aims to turn tuna heads into gold Mar 13, 2019
- Thai seafood industry buoyed by lifting of EU 'yellow card' Jan 10, 2019
- 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 See more articles on Thai Union Group Public Co. Ltd.
Company Background
Bangkok-based Thai Union Group is the world's largest canned-tuna processor, with a production capacity of 610,000 tons per year. About 90% of its revenue comes from outside Thailand, mainly the U.S and Europe.
The company was founded in 1977 by Chinese-born businessman Kraisorn Chansiri. It started out as a seafood processor and exporter, and later expanded into contract manufacturing, supplying products to be sold under big global brands. In 1995, the founder's son, Thiraphong Chansiri, took over the post of CEO from his father at age 30. It was then that the company started selling products under its own name by acquiring renowned brands.
In 1997, it purchased a 50% stake in U.S. tuna major Chicken of the Sea International. Thai Union made the company a wholly owned subsidiary in 2001. Other acquisitions include John West of the U.K. and Petit Navire of France, both the leading canned fish brands in their home markets.
Currently, contract manufacturing accounts for about 60% of Thai Union's revenue, with business under its own brand making up the remainder. While tuna generates nearly half of its sales, the shrimp, sardine and mackerel businesses are also significant sources of revenue.
Business Summary
Financial Highlights
Dec 2021 | THB | USD |
Revenue | 141,047.69M | 4,405.50M |
Gross Profit | 25,070.14M | 783.04M |
Operating income | 8,541.05M | 266.77M |
Income before tax | 9,282.30M | 289.92M |
Net income | 8,012.99M | 250.27M |
EBITDA | 12,724.99M | 397.45M |
Diluted EPS | 1.65 | 0.05 |
Dividends Per Share | 0.95 | 0.02 |
Total Assets | 166,604.04M | 4,987.39M |
Total liabilities | 110,340.32M | 3,303.10M |
Total equity | 53,369.38M | 1,597.64M |
Operating cash flow | 4,540.79M | 141.82M |
Currency in THB | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 134,937.26M | 133,284.63M | 126,275.24M | 132,402.43M | 141,047.69M |
Gross Profit | 18,864.72M | 18,408.67M | 19,566.29M | 22,779.14M | 25,070.14M |
Operating income | 5,089.29M | 4,011.33M | 4,491.35M | 8,590.52M | 8,541.05M |
Income before tax | 6,225.55M | 4,225.51M | 3,836.74M | 7,806.48M | 9,282.30M |
Net income | 6,275.51M | 3,969.30M | 3,918.32M | 6,292.31M | 8,012.99M |
EBITDA | 7,850.10M | 7,000.24M | 8,182.22M | 12,546.00M | 12,724.99M |
Diluted EPS | 1.25 | 0.68 | 0.79 | 1.32 | 1.65 |
Dividends Per Share | 0.66 | 0.40 | 0.47 | 0.72 | 0.95 |
Total Assets | 146,091.81M | 141,916.08M | 141,909.04M | 144,574.67M | 166,604.04M |
Total liabilities | 98,040.42M | 95,422.03M | 96,063.77M | 94,787.70M | 110,340.32M |
Total equity | 44,283.65M | 43,233.47M | 42,473.51M | 46,235.57M | 53,369.38M |
Operating cash flow | 5,479.30M | 11,946.32M | 10,313.33M | 11,549.30M | 4,540.79M |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 3,976.51M | 4,122.98M | 4,067.51M | 4,230.76M | 4,405.50M |
Gross Profit | 555.93M | 569.44M | 630.26M | 727.88M | 783.04M |
Operating income | 149.97M | 124.08M | 144.67M | 274.50M | 266.77M |
Income before tax | 183.46M | 130.71M | 123.58M | 249.44M | 289.92M |
Net income | 184.93M | 122.78M | 126.21M | 201.06M | 250.27M |
EBITDA | 231.33M | 216.54M | 263.56M | 400.89M | 397.45M |
Diluted EPS | 0.03 | 0.02 | 0.02 | 0.04 | 0.05 |
Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
Total Assets | 4,482.71M | 4,358.60M | 4,737.60M | 4,825.58M | 4,987.39M |
Total liabilities | 3,008.29M | 2,930.65M | 3,207.06M | 3,163.80M | 3,303.10M |
Total equity | 1,358.81M | 1,327.80M | 1,417.96M | 1,543.24M | 1,597.64M |
Operating cash flow | 161.47M | 369.54M | 332.20M | 369.04M | 141.82M |
Valuation Measures
Dec 2021 | |
PER | 11.76 |
ROA | 5.15% |
ROE | 16.08% |
Operating margin | 6.05% |
Profit margin | 5.68% |
Key executives
- Chairman, President & Chief Executive Officer: Thiraphong Chansiri
- Group Chief Financial Officer: Ludovic Regis Henri Garnier
- Group Director-Information Technology: Rajiv Kakar
- Group Director-Legal & Compliance: David Cyril Sankowicz
- Director & President-Global Frozen: Rittirong Boonmechote
Shareholders
- Mitsubishi Corp. (6.2%)
- Social Security Office of Thailand (4.5%)
- NIRUTTINANON CHENG (4.2%)
- CHANSIRI KRAISORN (3.6%)
- CHANSIRI THIRAPHONG (3.6%)
- CHANSIRI DISPOL (2.5%)
- Thai Union Group Public Co. Ltd. (2.4%)
- CHANSIRI PORNNAPA (2.2%)
- CHAN TIN SHUE (1.4%)
- BOONMECHOTE RITTIRONG (1.3%)
Contact Details
- Website:http://www.thaiuniongroup.com
- Address: 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Samut Sakhon, 74000, Thailand
- Phone: +66.3.481.6500
Related Companies
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Competitors
- Premier Marketing Public Co. Ltd.
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