Thai Beverage (Y92) Stock Overview
Produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
Y92 Community Fair Values
Create NarrativeSee what 43 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Thai Beverage Public Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$0.44 |
| 52 Week High | S$0.50 |
| 52 Week Low | S$0.41 |
| Beta | 0.45 |
| 1 Month Change | -2.22% |
| 3 Month Change | 1.15% |
| 1 Year Change | -5.38% |
| 3 Year Change | -24.14% |
| 5 Year Change | -34.33% |
| Change since IPO | 62.96% |
Recent News & Updates
Narrative Update • Jun 18
Y92: Interim Dividend Timeline And Lower P/E Should Support Share Price
Analysts have trimmed their SGD fair value estimate for Thai Beverage stock from SGD0.53 to SGD0.51, reflecting adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E. What’s in the News for Thai Beverage Thai Beverage has scheduled a board meeting for May 14, 2026, according to company disclosures.
Narrative Update • Jun 03
Y92: Lower Revenue Assumptions And Modest Margins Will Constrain Future Upside Potential
Analysts have raised their price target on Thai Beverage to SGD0.39 from SGD0.37, citing updated assumptions that reflect their latest views on fair value, revenue growth, profit margins and future P/E. What's in the News No recent company specific news items or key developments are available from the referenced sources at this time.Narrative Update • May 15
Y92: Higher Discount Rate Assumptions Will Limit Future Upside Potential
Analysts have slightly reduced their SGD fair value estimate for Thai Beverage to SGD0.37 from SGD0.38, reflecting updated views on revenue growth, profit margins and the stock's forward P/E multiple. Valuation Changes Fair Value: SGD0.38 has been reduced slightly to SGD0.37.Recent updates
Narrative Update • Jun 18
Y92: Interim Dividend Timeline And Lower P/E Should Support Share Price
Analysts have trimmed their SGD fair value estimate for Thai Beverage stock from SGD0.53 to SGD0.51, reflecting adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E. What’s in the News for Thai Beverage Thai Beverage has scheduled a board meeting for May 14, 2026, according to company disclosures.Narrative Update • Jun 03
Y92: Lower Revenue Assumptions And Modest Margins Will Constrain Future Upside Potential
Analysts have raised their price target on Thai Beverage to SGD0.39 from SGD0.37, citing updated assumptions that reflect their latest views on fair value, revenue growth, profit margins and future P/E. What's in the News No recent company specific news items or key developments are available from the referenced sources at this time.Narrative Update • May 15
Y92: Higher Discount Rate Assumptions Will Limit Future Upside Potential
Analysts have slightly reduced their SGD fair value estimate for Thai Beverage to SGD0.37 from SGD0.38, reflecting updated views on revenue growth, profit margins and the stock's forward P/E multiple. Valuation Changes Fair Value: SGD0.38 has been reduced slightly to SGD0.37.
Narrative Update • May 01
Y92: Updated Capital Structure Will Support Future Upside Potential
Analysts have maintained their SGD fair value estimate for Thai Beverage, citing only minor adjustments to revenue growth, profit margin and future P/E assumptions that do not materially change their overall price target view. What's in the News Thai Beverage updated Clause 4 of its Memorandum of Association to reflect existing registered capital of B25,169,999, divided into 25,169,999,999 ordinary shares with a par value of B1 each, replacing the previous wording on registered capital and share count (company filing).Narrative Update • Apr 17
Y92: Higher Margin Assumptions And Lower P/E Multiple Will Limit Future Upside
Analysts have trimmed their SGD price target on Thai Beverage, citing updated assumptions that combine a slightly lower fair value estimate and revenue growth outlook with a modestly higher profit margin and a reduced future P/E multiple. What's in the News Thai Beverage updated Clause 4 of its Memorandum of Association so that registered capital is Baht 25,169,999, divided into 25,169,999,999 shares with a par value of Baht 1 each, replacing the previous registered capital structure (Key Developments).Narrative Update • Apr 02
Y92: Cleaner Capital Structure Will Support Future Upside Potential
Analysts have trimmed their price target on Thai Beverage to reflect a slightly lower fair value of SGD0.61, with modest updates to revenue growth, profit margin and future P/E assumptions shaping the revised view. What's in the News Thai Beverage updated its Memorandum of Association so that registered capital is stated as Baht 25,169,999, divided into 25,169,999,999 shares with a par value of Baht 1 each, aligning legal documentation with the current capital structure (Key Developments).Narrative Update • Mar 19
Y92: Higher Future P/E And Capital Alignment Will Support Upside Potential
Analysts have made a modest upward adjustment to their SGD price target for Thai Beverage, reflecting slightly higher assumptions for revenue growth, profit margins, and future P/E multiples in their updated models. What's in the News Thai Beverage updated Clause 4 of its Memorandum of Association so that registered capital is stated as Baht 25,169,999, divided into 25,169,999,999 shares with a par value of Baht 1 each, aligning the legal documentation with the current capital structure (Key Developments).Narrative Update • Mar 05
Y92: Future Earnings Multiple Will Support Share Price Despite Softer Margins
Narrative update on Thai Beverage Analysts have trimmed their SGD fair value estimate for Thai Beverage from SGD0.56 to SGD0.53, as they now model slightly softer revenue growth and profit margins. This is partly offset by a modestly lower discount rate and largely unchanged forward P/E assumptions.Narrative Update • Feb 19
Y92: Higher Future P/E And Capital Alignment Will Support Upside Potential
Analysts have lowered their price target on Thai Beverage from SGD0.75 to SGD0.62, citing more conservative assumptions for revenue growth and profit margins. This is partly offset by a higher expected future P/E multiple.Narrative Update • Feb 04
Y92: Governance Revisions And Rich P/E Will Restrain Future Upside
Analysts have modestly raised their price target on Thai Beverage, citing slightly higher assumptions for revenue growth, profit margins and future P/E. These changes together lift their estimated fair value to about $0.39.Analysis Article • Jan 23
Thai Beverage Public Company Limited's (SGX:Y92) Share Price Is Matching Sentiment Around Its Earnings
With a price-to-earnings (or "P/E") ratio of 11.5x Thai Beverage Public Company Limited ( SGX:Y92 ) may be sending...Narrative Update • Jan 21
Y92: Softer Margins And Lower P/E Will Constrain Future Upside
Analysts have trimmed their price target for Thai Beverage to reflect updated fair value estimates, slightly softer assumptions for revenue growth and profit margin, and a lower forward P/E multiple. This has resulted in a modest reduction in the implied upside for the shares.Narrative Update • Jan 06
Y92: Fair Outlook Will Balance Richer Growth Assumptions And Leaner Margins
The analyst price target for Thai Beverage has been revised slightly lower to reflect updated views on fair value and profit margins. Analysts point to a modest change in discount rate, a different revenue growth outlook of 2.58%, and an updated future P/E of 11.51x as the key drivers of their recalibration.Narrative Update • Dec 19
Y92: Future Earnings Multiple Will Support Share Price Upside
Analysts have raised their price target on Thai Beverage slightly, citing a modest uplift in fair value to roughly in line with prior estimates of intrinsic worth, as small refinements to the discount rate, revenue growth, profit margin, and future valuation multiples support a marginally higher assessment of the companys long term earnings power. Valuation Changes Fair Value: nudged higher from SGD 0.558 to about SGD 0.560, reflecting a very small upward revision.Narrative Update • Dec 05
Y92: Future Earnings Multiple Will Support Share Price Upside
Analysts have nudged their price target for Thai Beverage lower to reflect a modestly reduced fair value estimate of approximately 0.56, down from about 0.59. They attribute the change to slower expected revenue growth, slightly softer profit margins and a higher future earnings multiple.Analysis Article • Nov 26
Thai Beverage (SGX:Y92) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Nov 21
Y92: Future Earnings And Stable Margins Will Drive Share Price Higher
Analysts have raised their fair value estimate for Thai Beverage slightly from $0.59 to $0.59 per share, citing incremental improvements in projected revenue growth and modest adjustments in key financial assumptions. Valuation Changes Fair Value Estimate: Adjusted upward slightly from SGD 0.59 to SGD 0.59 per share.Narrative Update • Nov 06
Y92: Future Profits And Stable Margins Will Drive Share Price Upside
Analysts have slightly reduced their fair value estimate for Thai Beverage from $0.60 to $0.59 per share. They point to a more conservative outlook driven by modest revisions to future profits and valuation multiples.Narrative Update • Oct 22
Analysts Slightly Lower Thai Beverage Price Target Following Minor Valuation Adjustments
Analysts have slightly lowered their price target for Thai Beverage, trimming it by less than $0.01 per share. They cited marginal adjustments in the discount rate and future price-to-earnings estimates.Analysis Article • Oct 12
Calculating The Intrinsic Value Of Thai Beverage Public Company Limited (SGX:Y92)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Thai Beverage fair value estimate is S$0.47 Thai Beverage's...Narrative Update • Oct 08
IBIL's Increased Stake In Fraser And Neave Will Expand Future Market Reach
Analysts have slightly reduced their fair value estimate for Thai Beverage from $0.61 to $0.60 per share, citing modest adjustments to growth and discount rate assumptions. Valuation Changes The Fair Value Estimate has decreased slightly from SGD 0.61 to SGD 0.60 per share.Analysis Article • Sep 21
Thai Beverage Public Company Limited's (SGX:Y92) Business And Shares Still Trailing The Market
Thai Beverage Public Company Limited's ( SGX:Y92 ) price-to-earnings (or "P/E") ratio of 10.7x might make it look like...Analysis Article • Aug 15
Returns At Thai Beverage (SGX:Y92) Appear To Be Weighed Down
SGX:Y92 1 Year Share Price vs Fair Value Explore Thai Beverage's Fair Values from the Community and select yours If...Analysis Article • Jul 10
Thai Beverage (SGX:Y92) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Narrative • Nov 25
Beer And Beverage Synergies Fuel Growth While Critical IPO Boosts Market Presence
Improved operational efficiencies and reduced costs in the beer business are expected to enhance profitability and increase net margins.Shareholder Returns
| Y92 | SG Beverage | SG Market | |
|---|---|---|---|
| 7D | -1.1% | -0.2% | -0.1% |
| 1Y | -5.4% | -16.5% | 28.7% |
Return vs Industry: Y92 exceeded the SG Beverage industry which returned -16.5% over the past year.
Return vs Market: Y92 underperformed the SG Market which returned 28.7% over the past year.
Price Volatility
| Y92 volatility | |
|---|---|
| Y92 Average Weekly Movement | 3.9% |
| Beverage Industry Average Movement | 4.8% |
| Market Average Movement | 5.6% |
| 10% most volatile stocks in SG Market | 13.6% |
| 10% least volatile stocks in SG Market | 2.4% |
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 (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | n/a | Thapana Sirivadhanabhakdi | www.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; 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, isotonic, milk, soya, juices, and confectioneries.
Thai Beverage Public Company Limited Fundamentals Summary
| Y92 fundamental statistics | |
|---|---|
| Market cap | S$11.06b |
| Earnings (TTM) | S$1.03b |
| Revenue (TTM) | S$12.80b |
10.7x
P/E Ratio0.9x
P/S RatioIs Y92 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| Y92 income statement (TTM) | |
|---|---|
| Revenue | ฿330.04b |
| Cost of Revenue | ฿223.70b |
| Gross Profit | ฿106.35b |
| Other Expenses | ฿79.73b |
| Earnings | ฿26.62b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.06 |
| Gross Margin | 32.22% |
| Net Profit Margin | 8.06% |
| Debt/Equity Ratio | 103.7% |
How did Y92 perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield59%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 17:09 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 19 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nirgunan Tiruchelvam | Aletheia Analyst Network Limited |
| Lucy Yu | BofA Global Research |
| Meghana Kande | CGS International |