Carabao Group Management

Management criteria checks 2/4

Carabao Group's CEO is Sathien Setthasit, appointed in Jan 2014, has a tenure of 10.92 years. directly owns 32.12% of the company’s shares, worth THB25.21B. The average tenure of the management team and the board of directors is 9 years and 8 years respectively.

Key information

Sathien Setthasit

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	10.9yrs
CEO ownership	32.1%
Management average tenure	9yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO

Sathien Setthasit (70 yo)

10.9yrs

Tenure

Mr. Sathien Setthasit has been Chief Executive Officer of Carabao Group Public Company Limited since 2014. Mr. Setthasit had been the Chairman of Carabao Group Public Company Limited since August 28, 2013...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nutchamai Thanombooncharoen	Chairman & MD	2.6yrs	฿1.95m	21% THB 16.5b
Sathien Setthasit	CEO & Director	10.9yrs	no data	32.12% THB 25.2b
Yuenyong Opakul	Senior Deputy MD & Director	10.7yrs	no data	14.47% THB 11.4b
Wongdao Thanombooncharoen	Senior Deputy MD & Director	8.8yrs	no data	1.82% THB 1.4b
Kamoldist Smuthkochorn	Deputy Managing Director of Production & Director	no data	no data	no data
Romtham Setthasit	Deputy MD of International Business & Director	8.9yrs	no data	no data
Pongsarn Klongwathanakith	Assistant MD & CFO	9.2yrs	no data	no data
Thunvich Vorasithikorn	Chief Accountant	less than a year	no data	no data
Achiraya Sitakaradech	Chief Compliance Officer and Chief Internal Auditor	no data	no data	no data
Waranchai Jensiriwanich	Legal Director & Company Secretary	9.3yrs	no data	no data

9.0yrs

Average Tenure

62yo

Average Age

Experienced Management: CBG's management team is seasoned and experienced (9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nutchamai Thanombooncharoen	Chairman & MD	2.6yrs	฿1.95m	21% THB 16.5b
Sathien Setthasit	CEO & Director	no data	no data	32.12% THB 25.2b
Yuenyong Opakul	Senior Deputy MD & Director	11.3yrs	no data	14.47% THB 11.4b
Wongdao Thanombooncharoen	Senior Deputy MD & Director	no data	no data	1.82% THB 1.4b
Kamoldist Smuthkochorn	Deputy Managing Director of Production & Director	9.3yrs	no data	no data
Romtham Setthasit	Deputy MD of International Business & Director	7.9yrs	no data	no data
Saowanee Kamolbutr	Independent Director	10.8yrs	฿1.43m	no data
Kanit Patsaman	Independent Director	10.2yrs	฿1.32m	no data
Sanchai Jullamon	Director	3.1yrs	฿720.00k	no data
Siripong Wongskhunti	Independent Director	8.1yrs	฿720.00k	no data
Nha-Kran Laohawilai	Independent Director	4.5yrs	฿1.04m	no data
Nutchanok Vongswat	Director	4.5yrs	฿890.00k	0.67% THB 528.4m

8.0yrs

Average Tenure

62yo

Average Age

Experienced Board: CBG's board of directors are considered experienced (8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:50
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Carabao Group Public Company Limited is covered by 23 analysts. 11 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
Yuwanee Prommaporn	BNP Paribas Securities (Asia)
Thitithep Nophaket	BofA Global Research
Chotipat Leksakul	BofA Global Research

Carabao Group Management

Management criteria checks 2/4

Key information

Recent management updates

Carabao Group Public Company Limited Announces Chief Accountant Changes

Carabao Group Public Company Limited, Annual General Meeting, Apr 26, 2024

Carabao Group Public Company Limited Announces Resignation of Predee Daochai as from Member of Board of Director and Member of Risk Management Committee and Sustainability Development Committee

Carabao Group Public Company Limited Announces Changing of the Chairman of the Board of Director

Carabao Group Public Company Limited, Annual General Meeting, Apr 22, 2021

Recent updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First half dividend increased to ฿0.60

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Carabao Group Public Company Limited Announces Cash Dividend for the Period from 01 January 2024 to 30 June 2024, Payable on 06 September 2024

Carabao Group Public Company Limited Announces Chief Accountant Changes

Now 21% overvalued after recent price rise

First quarter 2024 earnings released: EPS: ฿0.63 (vs ฿0.26 in 1Q 2023)

Now 22% overvalued

Carabao Group Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 14, 2024

Consensus revenue estimates fall by 11%

Price target decreased by 9.3% to ฿74.67

Upcoming dividend of ฿0.50 per share

Final dividend of ฿0.50 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

Carabao Group Public Company Limited, Annual General Meeting, Apr 26, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Carabao Group Public Company Limited Announces Resignation of Predee Daochai as from Member of Board of Director and Member of Risk Management Committee and Sustainability Development Committee

Price target increased by 14% to ฿82.03

Upcoming dividend of ฿0.40 per share at 2.0% yield

Carabao Group Public Company Limited Announces Cash Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 08 September 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.5% to ฿78.00

Consensus EPS estimates fall by 13%

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 17%

Price target decreased by 9.0% to ฿89.38

Price target decreased by 9.0% to ฿89.38

Consensus EPS estimates fall by 10%, revenue upgraded

Upcoming dividend of ฿0.75 per share at 1.7% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ฿0.75 per share

Second quarter 2022 earnings: EPS misses analyst expectations

Carabao Group Public Company Limited Announces Interim Dividend Payment for the Operating Period from 01-Jan-2022 to 30-Jun-2022, Payable on September 09, 2022

Carabao Group Public Company Limited Announces Changing of the Chairman of the Board of Director

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ฿119

Consensus forecasts updated

Upcoming dividend of ฿1.00 per share

Full year 2021 earnings: EPS misses analyst expectations

Carabao Group Public Company Limited Proposes Dividend Payment for the Period of July to December 2021, Payable on May 9, 2022

Now 20% undervalued after recent price drop

Price target decreased to ฿131

Now 22% undervalued after recent price drop

Third quarter 2021 earnings released: EPS ฿0.60 (vs ฿0.97 in 3Q 2020)

Independent Director Urawee Ngowroongrueng has left the company

Upcoming dividend of ฿0.90 per share

Second quarter 2021 earnings released: EPS ฿0.97 (vs ฿0.88 in 2Q 2020)

Price target increased to ฿148

First quarter 2021 earnings released: EPS ฿0.70 (vs ฿0.80 in 1Q 2020)

Price target decreased to ฿135

Carabao Group Public Company Limited (SET:CBG) entered into a share purchase agreement to acquire 26% stake in Asia Can Manufacturing Co., Ltd for THB 550 million.

Full year 2020 earnings released: EPS ฿3.53 (vs ฿2.51 in FY 2019)

Revenue and earnings miss expectations

Carabao Group Public Company Limited, Annual General Meeting, Apr 22, 2021

Investor sentiment improved over the past week

New 90-day high: ฿132

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.97

New 90-day low: ฿110

Upcoming Dividend of ฿0.90 Per Share

New 90-day high - ฿131

First half earnings released

Price target raised to ฿121

New 90-day high - ฿117

CEO

Tenure

Leadership Team

Average Tenure