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Y92 logo

Thai Beverage SGX:Y92 Stock Report

Last Price

S$0.51

Market Cap

S$12.8b

7D

-1.9%

1Y

2.0%

Updated

12 Mar, 2025

Data

Company Financials +

Thai Beverage Public Company Limited

SGX:Y92 Stock Report

Market Cap: S$12.8b

Y92 Stock Overview

Produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. More details

Y92 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends4/6

Rewards

Trading at 59.3% below our estimate of its fair value

Earnings are forecast to grow 7.47% per year

Analysts in good agreement that stock price will rise by 30.4%

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record


Community vs My Fair Value

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Y92 logo
Thai Beverage
WA
Analyst Price Target
Consensus Narrative from 13 Analysts

IBIL's Increased Stake In Fraser And Neave Will Expand Future Market Reach

Key Takeaways Improved operational efficiencies and reduced costs in the beer business are expected to enhance profitability and increase net margins. Successful marketing and strategic expansions in nonalcoholic beverages could significantly boost sales volumes and revenue growth.
View narrative
S$0.67
FV
23.3% undervalued intrinsic discount
3.84%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
Updated narrative
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My Notes

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Thai Beverage Public Company Limited Competitors

Wilmar International

SGX:F34

S$20.3b

Golden Agri-Resources

SGX:E5H

S$3.2b

Davide Campari-Milano

BIT:CPR

€7.4b

United Spirits

NSEI:UNITDSPR

₹948.8b

Price History & Performance

Summary of share price highs, lows and changes for Thai Beverage
Historical stock prices
Current Share PriceS$0.51
52 Week HighS$0.59
52 Week LowS$0.42
Beta0.83
1 Month Change0%
3 Month Change-10.53%
1 Year Change2.00%
3 Year Change-24.44%
5 Year Change-7.27%
Change since IPO88.89%

Recent News & Updates

Thai Beverage (SGX:Y92) Has Some Way To Go To Become A Multi-Bagger

Feb 25
Thai Beverage (SGX:Y92) Has Some Way To Go To Become A Multi-Bagger

Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 45% Discount?

Jan 18
Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 45% Discount?

Recent updates

Thai Beverage (SGX:Y92) Has Some Way To Go To Become A Multi-Bagger

Feb 25
Thai Beverage (SGX:Y92) Has Some Way To Go To Become A Multi-Bagger

Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 45% Discount?

Jan 18
Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 45% Discount?

Is Now An Opportune Moment To Examine Thai Beverage Public Company Limited (SGX:Y92)?

Dec 09
Is Now An Opportune Moment To Examine Thai Beverage Public Company Limited (SGX:Y92)?

Slowing Rates Of Return At Thai Beverage (SGX:Y92) Leave Little Room For Excitement

Nov 22
Slowing Rates Of Return At Thai Beverage (SGX:Y92) Leave Little Room For Excitement

Some Confidence Is Lacking In Thai Beverage Public Company Limited's (SGX:Y92) P/E

Oct 27
Some Confidence Is Lacking In Thai Beverage Public Company Limited's (SGX:Y92) P/E

Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 22% Discount?

Sep 19
Is Thai Beverage Public Company Limited (SGX:Y92) Trading At A 22% Discount?

Is Thai Beverage Public Company Limited (SGX:Y92) Potentially Undervalued?

Sep 01
Is Thai Beverage Public Company Limited (SGX:Y92) Potentially Undervalued?

Thai Beverage's (SGX:Y92) Returns Have Hit A Wall

Aug 17
Thai Beverage's (SGX:Y92) Returns Have Hit A Wall

Pinning Down Thai Beverage Public Company Limited's (SGX:Y92) P/E Is Difficult Right Now

Jul 15
Pinning Down Thai Beverage Public Company Limited's (SGX:Y92) P/E Is Difficult Right Now

Calculating The Fair Value Of Thai Beverage Public Company Limited (SGX:Y92)

Jun 09
Calculating The Fair Value Of Thai Beverage Public Company Limited (SGX:Y92)

Is Thai Beverage (SGX:Y92) A Risky Investment?

May 22
Is Thai Beverage (SGX:Y92) A Risky Investment?

Returns Are Gaining Momentum At Thai Beverage (SGX:Y92)

Apr 29
Returns Are Gaining Momentum At Thai Beverage (SGX:Y92)

Investors Interested In Thai Beverage Public Company Limited's (SGX:Y92) Earnings

Mar 14
Investors Interested In Thai Beverage Public Company Limited's (SGX:Y92) Earnings

Shareholder Returns

Y92SG BeverageSG Market
7D-1.9%4.9%-1.2%
1Y2.0%-9.8%16.6%

Return vs Industry: Y92 exceeded the SG Beverage industry which returned -9.8% over the past year.

Return vs Market: Y92 underperformed the SG Market which returned 16.6% over the past year.

Price Volatility

Is Y92's price volatile compared to industry and market?
Y92 volatility
Y92 Average Weekly Movement2.6%
Beverage Industry Average Movement4.7%
Market Average Movement4.3%
10% most volatile stocks in SG Market12.2%
10% least volatile stocks in SG Market2.1%

Stable Share Price: Y92 has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: Y92's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aThapana Sirivadhanabhakdiwww.thaibev.com

Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments. The company offers beer; malt and yeast; spirits and whisky; mineral, drinking, and soda water; coffee, energy drinks, tea, fruit flavored drinks, and dairy products; canned food; ice cream; rice cakes/cubes, cooking needs, instant dessert powders, pre-mix beverages, and bread spreads; and soft drinks, electrolyte drinks, dietary supplements, isotonic, sparkling drinks, cordials, milk, soya, yoghurt, juices, and confectioneries.

Thai Beverage Public Company Limited Fundamentals Summary

How do Thai Beverage's earnings and revenue compare to its market cap?
Y92 fundamental statistics
Market capS$12.82b
Earnings (TTM)S$1.07b
Revenue (TTM)S$13.46b

12.0x

P/E Ratio

1.0x

P/S Ratio

Is Y92 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
Y92 income statement (TTM)
Revenue฿341.65b
Cost of Revenue฿237.08b
Gross Profit฿104.56b
Other Expenses฿77.35b
Earnings฿27.22b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.08
Gross Margin30.61%
Net Profit Margin7.97%
Debt/Equity Ratio102.3%

How did Y92 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

57%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/12 17:26
End of Day Share Price 2025/03/12 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thai Beverage Public Company Limited is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thitithep NophaketBofA Global Research
Wei OngCFRA Equity Research
Meghana KandeCGS International