Thai Beverage
Market Cap
S$22.2b
Last Updated
2019/08/20 12:43 UTC
Data Sources
Company Financials +
Executive Summary
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand and internationally.
Snowflake
Fundamentals
Proven track record second-rate dividend payer.
Share Price & News
How has Thai Beverage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
9.2%
SGX:Y92
8.4%
SG Beverage
0.08%
SG Market
1 Year Return
39.1%
SGX:Y92
16.4%
SG Beverage
-2.6%
SG Market
Y92 outperformed the Beverage industry which returned 16.3% over the past year.
Y92 outperformed the Market in Singapore which returned -2.7% over the past year.
Share holder returns
| Y92 | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.2% | 8.4% | 0.08% |
| 30 Day | 4.1% | 5.6% | -6.3% |
| 90 Day | 12.7% | 10.4% | -1.4% |
| 1 Year | 42.1%39.1% | 17.3%16.4% | 1.2%-2.6% |
| 3 Year | -4.5%-11.9% | 32.2%27.3% | 15.8%3.5% |
| 5 Year | 58.3%36.9% | 60.3%34.4% | 8.2%-9.5% |
Price Volatility Vs. Market
How volatile is Thai Beverage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Thai Beverage Public Company Limited (SGX:Y92) A Smart Choice For Dividend Investors?1 month ago | Simply Wall St
Is Thai Beverage Public Company Limited's (SGX:Y92) ROE Of 15% Impressive?1 month ago | Simply Wall St
Have Insiders Been Buying Thai Beverage Public Company Limited (SGX:Y92) Shares?Valuation
Is Thai Beverage undervalued based on future cash flows and its price relative to the stock market?
21.14x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Thai Beverage's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Thai Beverage's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Thai Beverage is overvalued based on earnings compared to the Asia Beverage industry average.
Thai Beverage is overvalued based on earnings compared to the Singapore market.
Price Based on Expected Growth
Thai Beverage is poor value based on expected growth next year.
Price Based on Value of Assets
Thai Beverage is overvalued based on assets compared to the Asia Beverage industry average.
Next Steps
Future Growth
How is Thai Beverage expected to perform in the next 1 to 3 years based on estimates from 19 analysts?
7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Thai Beverage's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Thai Beverage's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Thai Beverage's revenue growth is positive but not above the Singapore market average.
Thai Beverage's earnings growth is expected to exceed the Singapore market average.
Thai Beverage's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Earnings per Share Growth Estimates
Future Return on Equity
Thai Beverage is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Thai Beverage performed over the past 5 years?
0.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Thai Beverage's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
Thai Beverage's 1-year earnings growth exceeds its 5-year average (18.5% vs 0.8%)
Thai Beverage's earnings growth has exceeded the Asia Beverage industry average in the past year (18.5% vs 16%).
Return on Equity
Thai Beverage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Thai Beverage used its assets more efficiently than the Asia Beverage industry average last year based on Return on Assets.
Return on Capital Employed
Thai Beverage's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Thai Beverage's financial position?
Financial Position Analysis
Thai Beverage is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Thai Beverage's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Thai Beverage's level of debt (150%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (56.7% vs 150% today).
Debt is not well covered by operating cash flow (16.2%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.3x debt.
Next Steps
Dividend
What is Thai Beverage's current dividend yield, its reliability and sustainability?
2.76%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Thai Beverage's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.64%).
Thai Beverage's dividend is below the markets top 25% of dividend payers in Singapore (5.74%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Next Steps
Management
What is the CEO of Thai Beverage's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Thapana Sirivadhanabhakdi (44yo)
11.6yrs
Tenure
Mr. Thapana Sirivadhanabhakdi serves as Vice Chairman and Executive Director of Amarin Printing and Publishing Public Company Limited. Mr. Sirivadhanabhakdi serves as Member of Executive Board at Amarin Pr ...
Management Age and Tenure
2.8yrs
Average Tenure
65yo
Average Age
The tenure for the Thai Beverage management team is about average.
Board Age and Tenure
15.8yrs
Average Tenure
73.5yo
Average Age
The average tenure for the Thai Beverage board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Senior EVP |
| Shares | 80,000 |
| Max Price | ฿0.76 |
| Entity | Individual |
| Role | Member of the Board of Directors Senior EVP |
| Shares | 200,000 |
| Max Price | ฿0.60 |
Ownership Breakdown
Management Team
Charoen Sirivadhanabhakdi (75yo)
Executive Chairman
- Tenure: 16.6yrs
Thapana Sirivadhanabhakdi (44yo)
President
- Tenure: 11.6yrs
Ueychai Tantha-Obhas (70yo)
Senior EVP
- Tenure: 14.1yrs
Sithichai Chaikriangkrai (65yo)
CFO, Senior EVP of Finance & Director
- Tenure: 15.8yrs
Pisanu Vichiensanth (63yo)
Senior EVP
- Tenure: 15.8yrs
Khunying Wanna Sirivadhanabhakdi (76yo)
1st Executive Vice Chairman
- Tenure: 16.6yrs
Banjong Chintanasiri (61yo)
Senior VP & Deputy CFO of Accounting
- Tenure: 2.8yrs
Suporn Denpaisarn
Vice President of Marketing & Non-Alcoholic Beverage Business Group
- Tenure: 0.0yrs
Chusri Prasertsin
Assistant Vice President of Office of Legal Affairs
- Tenure: 0.0yrs
Namfon Aungsutornrungsi
Head of Investor Relations Department
- Tenure: 5.6yrs
Board Members
Prasit Kovilaikool (75yo)
Lead Independent Director
- Tenure: 0.0yrs
- Compensation: ฿275.00k
Charoen Sirivadhanabhakdi (75yo)
Executive Chairman
- Tenure: 16.6yrs
Tat Pun Ng (74yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: ฿110.00k
Thapana Sirivadhanabhakdi (44yo)
President
- Tenure: 11.6yrs
Vivat Tejapaibul (73yo)
Director
- Tenure: 15.8yrs
- Compensation: ฿64.00k
Ueychai Tantha-Obhas (70yo)
Senior EVP
- Tenure: 14.1yrs
Sithichai Chaikriangkrai (65yo)
CFO, Senior EVP of Finance & Director
- Tenure: 15.8yrs
Pornchai Matangkasombut (78yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: ฿64.00k
Pisanu Vichiensanth (63yo)
Senior EVP
- Tenure: 15.8yrs
Khunying Wanna Sirivadhanabhakdi (76yo)
1st Executive Vice Chairman
- Tenure: 16.6yrs
Company Information
Thai Beverage Public Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Thai Beverage Public Company Limited
- Ticker: Y92
- Exchange: SGX
- Founded: 2003
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: S$22.225b
- Shares outstanding: 25.11b
- Website: https://www.thaibev.com
Location
- Thai Beverage Public Company Limited
- 14 Vibhavadi Rangsit Road
- Chomphon Sub-District
- Bangkok
- 10900
- Thailand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| Y92 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | May 2006 |
| T6W | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2006 |
| TBVP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2006 |
| TBVP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Nov 2008 |
Biography
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand and internationally. The company operates ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/20 12:43 |
| End of Day Share Price | 2019/08/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/09/30 |
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 here.