Asia300

Thai Beverage Public Co., Ltd.

Thailand

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jan 19, 2018
Prev close: 0.92
Jan 19, 2018
Market cap:
Market cap(USD):
23,101.2M
17,490.3M
Shares: 25,110M

Currency in SGD

Company profile

Market(Ticker): SES(Y92)
Sector:
Industry:
Consumer Non-Durables
Beverages: Alcoholic
Full time employees: --

Business summary

Thai Beverage Public Co., Ltd. is a holding company, which engages in beverages business. It operates through the following segments: Spirits, Beer, Non-alcoholic beverage, and Food. The Spirits segment refers to the production and sale of spirits products. The Beer segment is the sale and production of branded beer products. The Non-alcoholic beverages segment refers to the production and sale of branded water, soda, ready-to-drink coffee, energy drink, green tea, and fruit flavoured drinks. The Food segment is the operation of Japanese restaurants and distribution of foods and beverages. The company was founded on October 29, 2003 and is headquartered in Bangkok, Thailand.

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.

In the news

Financial highlights

Sep 2017

  • Local currency
  • US Dollar
Revenue 7,670.11M
Gross profit 2,315.19M
Operating income 1,112.54M
Income before tax 1,099.79M
Net income 1,393.15M
EBITDA 1,286.25M
Diluted EPS 0.05
Dividends per share 0.02
Total assets 7,909.09M
Total liabilities 2,513.40M
Total equity 5,243.68M
Operating cash flow 1,255.37M

Currency in SGD

Revenue 5,499.98M
Gross profit 1,660.15M
Operating income 797.77M
Income before tax 788.62M
Net income 998.98M
EBITDA 922.33M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 5,824.28M
Total liabilities 1,850.88M
Total equity 3,861.46M
Operating cash flow 900.18M

Currency in USD

Valuation measures

Sep 2017

PER 16.27
ROA 18.21%
ROE 27.95%
Operating margin 14.50%
Profit margin 18.16%

Key executive

  • 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

Share holders

  • SIRIVADHANABHAKDI FAMILY(45.2%)
  • MM Group Ltd.(20.6%)
  • Capital Research & Management Co. (Global Investors)(2.9%)
  • Capital Research & Management Co. (World Investors)(1.8%)
  • Genesis Investment Management LLP(1.2%)
  • TEJAPAIBUL VIVAT(0.8%)
  • Matthews International Capital Management LLC(0.8%)
  • Vontobel Asset Management, Inc.(0.7%)
  • SIRIVADHANABHAKDI PANOTE(0.4%)
  • SIRIVADHANABHAKDI THAPANA(0.4%)

Address

  • Website: http://www.thaibev.com
  • Address: 14 Vibhavadee Rangsit Road, Chomphon, Chatuchak, Bangkok, 10900, Thailand
  • Phone: +66.2.785.5555

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