Thai Beverage
Market Cap
S$18.5b
Last Updated
2021/03/05 11:10 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, Vietnam, and internationally. More Details
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
Share Price & News
How has Thai Beverage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Y92 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: Y92's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
Y92
-7.0%
SG Beverage
0.3%
SG Market
1 Year Return
-6.4%
Y92
60.4%
SG Beverage
-3.4%
SG Market
Return vs Industry: Y92 underperformed the SG Beverage industry which returned 72.6% over the past year.
Return vs Market: Y92 underperformed the SG Market which returned -4% over the past year.
Shareholder returns
| Y92 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -7.0% | 0.3% |
| 30 Day | -10.4% | -11.3% | 1.6% |
| 90 Day | 0% | 4.2% | 6.1% |
| 1 Year | -3.9%-6.4% | 62.7%60.4% | 1.7%-3.4% |
| 3 Year | -3.5%-10.4% | 125.4%114.7% | -7.1%-18.5% |
| 5 Year | 15.4%-1.4% | 338.3%300.7% | 17.8%-3.8% |
Long-Term 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
1 week ago | Simply Wall St
Is Thai Beverage Public Company Limited's (SGX:Y92) 2.7% Dividend Worth Your Time?1 month ago | Simply Wall St
Is It Worth Considering Thai Beverage Public Company Limited (SGX:Y92) For Its Upcoming Dividend?1 month ago | Simply Wall St
Is Thai Beverage (SGX:Y92) Likely To Turn Things Around?Valuation
Is Thai Beverage undervalued compared to its fair value and its price relative to the market?
18.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Y92 (SGD0.74) is trading above our estimate of fair value (SGD0.73)
Significantly Below Fair Value: Y92 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: Y92 is good value based on its PE Ratio (18.5x) compared to the XA Beverage industry average (31.9x).
PE vs Market: Y92 is poor value based on its PE Ratio (18.5x) compared to the SG market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: Y92 is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: Y92 is overvalued based on its PB Ratio (3x) compared to the XA Beverage industry average (2x).
Next Steps
Future Growth
How is Thai Beverage forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Y92's forecast earnings growth (7.4% per year) is above the savings rate (2%).
Earnings vs Market: Y92's earnings (7.4% per year) are forecast to grow slower than the SG market (25.7% per year).
High Growth Earnings: Y92's earnings are forecast to grow, but not significantly.
Revenue vs Market: Y92's revenue (4.3% per year) is forecast to grow slower than the SG market (9.1% per year).
High Growth Revenue: Y92's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Y92's Return on Equity is forecast to be low in 3 years time (17.7%).
Next Steps
Past Performance
How has Thai Beverage performed over the past 5 years?
-5.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: Y92 has high quality earnings.
Growing Profit Margin: Y92's current net profit margins (9.1%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: Y92's earnings have declined by 5.8% per year over the past 5 years.
Accelerating Growth: Y92's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: Y92 had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Beverage industry average (0.7%).
Return on Equity
High ROE: Y92's Return on Equity (15%) is considered low.
Next Steps
Financial Health
How is Thai Beverage's financial position?
Financial Position Analysis
Short Term Liabilities: Y92's short term assets (฿84.5B) exceed its short term liabilities (฿82.9B).
Long Term Liabilities: Y92's short term assets (฿84.5B) do not cover its long term liabilities (฿167.1B).
Debt to Equity History and Analysis
Debt Level: Y92's debt to equity ratio (115.9%) is considered high.
Reducing Debt: Y92's debt to equity ratio has increased from 36.9% to 115.9% over the past 5 years.
Debt Coverage: Y92's debt is well covered by operating cash flow (20.8%).
Interest Coverage: Y92's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Thai Beverage current dividend yield, its reliability and sustainability?
2.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: Y92's dividend (2.75%) is higher than the bottom 25% of dividend payers in the SG market (1.98%).
High Dividend: Y92's dividend (2.75%) is low compared to the top 25% of dividend payers in the SG market (4.79%).
Stability and Growth of Payments
Stable Dividend: Y92's dividend payments have been volatile in the past 10 years.
Growing Dividend: Y92's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.7%), Y92's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Y92's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Thapana Sirivadhanabhakdi (45 yo)
13.17yrs
Tenure
Mr. Thapana Sirivadhanabhakdi has been President of Sermsuk Plc since January 2017 and has been its Director since September 2011. Mr. Sirivadhanabhakdi has been the President of Oishi Group Plc since Febr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 18.17yrs | no data | 1.2% ฿ 222.5m | |
| President | 13.17yrs | no data | 0.43% ฿ 78.6m | |
| 1st Executive Vice Chairman | 18.17yrs | no data | no data | |
| Group CFO | 17.42yrs | no data | 0.00072% ฿ 132.9k | |
| Senior EVP | 15.67yrs | no data | 0.0054% ฿ 993.4k | |
| Senior VP & Deputy CFO of Accounting | 4.42yrs | no data | no data | |
| Senior EVP | 17.42yrs | no data | 0.00072% ฿ 132.9k | |
| Head of Investor Relations Department | 7.17yrs | no data | no data | |
| Legal Officer | no data | no data | no data | |
| Vice President of Marketing & Non-Alcoholic Beverage Business Group | no data | no data | no data | |
| Chief People Officer & Executive VP | 4.42yrs | no data | no data | |
| 2nd Executive Vice Chairman | 18.17yrs | no data | no data |
4.4yrs
Average Tenure
66yo
Average Age
Experienced Management: Y92's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 18.17yrs | no data | 1.2% ฿ 222.5m | |
| President | 13.17yrs | no data | 0.43% ฿ 78.6m | |
| 1st Executive Vice Chairman | 18.17yrs | no data | no data | |
| Group CFO | 17.42yrs | no data | 0.00072% ฿ 132.9k | |
| Senior EVP | 15.67yrs | no data | 0.0054% ฿ 993.4k | |
| Senior EVP | 17.42yrs | no data | 0.00072% ฿ 132.9k | |
| Lead Independent Director | no data | ฿6.62m | no data | |
| Director | 14.08yrs | ฿1.53m | 0.43% ฿ 78.6m | |
| Director | 17.42yrs | ฿1.53m | 1.25% ฿ 230.7m | |
| Independent Director | 3.17yrs | ฿2.64m | no data | |
| Independent Director | 3.17yrs | ฿2.87m | no data | |
| Independent Director | 3.17yrs | ฿1.53m | no data |
17.4yrs
Average Tenure
70.5yo
Average Age
Experienced Board: Y92's board of directors are seasoned and experienced ( 17.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$18.465b
- Shares outstanding: 25.12b
- 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, Vietnam, and internationally. The compan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 11:10 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
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.