Asia300

Thai Beverage Public Co., Ltd.

Thailand

  • 1m
  • 3m
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  • 1y
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  • 5y
Sep 22, 2017
Prev close: 0.895
Sep 22, 2017
Market cap:
Market cap(USD):
22,473.5M
16,715.7M
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 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 2016

  • Local currency
  • US Dollar
Revenue 7,234.53M
Gross profit 2,128.73M
Operating income 1,015.15M
Income before tax 1,003.61M
Net income 983.65M
EBITDA 1,186.36M
Diluted EPS 0.02
Dividends per share 0.03
Total assets 7,383.99M
Total liabilities 2,516.02M
Total equity 4,724.65M
Operating cash flow 777.43M

Currency in SGD

Revenue 5,242.30M
Gross profit 1,542.53M
Operating income 735.60M
Income before tax 727.24M
Net income 712.77M
EBITDA 859.66M
Diluted EPS 0.02
Dividends per share 0.02
Total assets 5,415.67M
Total liabilities 1,845.33M
Total equity 3,465.22M
Operating cash flow 563.34M

Currency in USD

Valuation measures

Sep 2016

PER 33.21
ROA 13.74%
ROE 22.34%
Operating margin 14.03%
Profit margin 13.59%

Key executive

  • President, Chief Executive Officer & Director: Thapana Sirivadhanabhakdi
  • Chief Financial Officer, Director & Executive VP: Sithichai Chaikriangkrai
  • Director & EVP-Technology & Engineering: Pisanu Vichiensanth
  • Executive Vice President: Prapakon Thongtheppairot
  • Executive Vice President: Kosit Suksingha

Share holders

  • SIRIVADHANABHAKDI FAMILY(45.2%)
  • MM Group Ltd.(20.6%)
  • Capital Research & Management Co. (Global Investors)(2.9%)
  • Genesis Investment Management LLP(1.4%)
  • Capital Research & Management Co. (World Investors)(1.3%)
  • TEJAPAIBUL VIVAT(0.8%)
  • Vontobel Asset Management, Inc.(0.7%)
  • Matthews International Capital Management LLC(0.5%)
  • SIRIVADHANABHAKDI PANOTE(0.4%)
  • SIRIVADHANABHAKDI THAPANA(0.4%)

Address

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

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