SET:CPF

Stock Analysis Report

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Executive Summary

Charoen Pokphand Foods Public Company Limited, together with its subsidiaries, engages in the agro-industrial and integrated food businesses in Thailand and internationally. More Details


Snowflake Analysis

Solid track record second-rate dividend payer.


Similar Companies

Share Price & News

How has Charoen Pokphand Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CPF is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CPF's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.7%

CPF

2.3%

TH Food

3.7%

TH Market


1 Year Return

5.5%

CPF

10.2%

TH Food

-11.2%

TH Market

Return vs Industry: CPF underperformed the TH Food industry which returned 10.2% over the past year.

Return vs Market: CPF exceeded the TH Market which returned -11.2% over the past year.


Shareholder returns

CPFIndustryMarket
7 Day2.7%2.3%3.7%
30 Day14.9%5.7%17.3%
90 Day-14.1%-3.9%7.0%
1 Year8.3%5.5%13.9%10.2%-8.2%-11.2%
3 Year32.0%22.9%-1.2%-9.3%-10.9%-19.1%
5 Year68.7%46.5%25.9%8.2%20.0%2.1%

Long-Term Price Volatility Vs. Market

How volatile is Charoen Pokphand Foods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Charoen Pokphand Foods undervalued compared to its fair value and its price relative to the market?

10.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CPF (฿29) is trading above our estimate of fair value (฿14.81)

Significantly Below Fair Value: CPF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CPF is good value based on its PE Ratio (10.3x) compared to the TH Food industry average (15.2x).

PE vs Market: CPF is good value based on its PE Ratio (10.3x) compared to the TH market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: CPF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CPF's PB Ratio (1.3x) is in line with the TH Food industry average.


Next Steps

Future Growth

How is Charoen Pokphand Foods forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPF's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: CPF's earnings are forecast to decline over the next 3 years (-1.2% per year).

High Growth Earnings: CPF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPF's revenue is expected to decline over the next 3 years (-0.05% per year).

High Growth Revenue: CPF's revenue is forecast to decline over the next 3 years (-0.05% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPF's Return on Equity is forecast to be low in 3 years time (10.8%).


Next Steps

Past Performance

How has Charoen Pokphand Foods performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPF has high quality earnings.

Growing Profit Margin: CPF's current net profit margins (3.9%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: CPF's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: CPF's earnings growth over the past year (47.9%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: CPF earnings growth over the past year (47.9%) exceeded the Food industry 39.4%.


Return on Equity

High ROE: CPF's Return on Equity (14.1%) is considered low.


Next Steps

Financial Health

How is Charoen Pokphand Foods's financial position?


Financial Position Analysis

Short Term Liabilities: CPF's short term assets (฿249.5B) exceed its short term liabilities (฿219.3B).

Long Term Liabilities: CPF's short term assets (฿249.5B) do not cover its long term liabilities (฿305.9B).


Debt to Equity History and Analysis

Debt Level: CPF's debt to equity ratio (160.5%) is considered high.

Reducing Debt: CPF's debt to equity ratio has increased from 125.1% to 160.5% over the past 5 years.

Debt Coverage: CPF's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: CPF's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Charoen Pokphand Foods's current dividend yield, its reliability and sustainability?

2.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CPF's dividend (2.76%) is higher than the bottom 25% of dividend payers in the TH market (2.4%).

High Dividend: CPF's dividend (2.76%) is low compared to the top 25% of dividend payers in the TH market (6.64%).


Stability and Growth of Payments

Stable Dividend: CPF's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.3%), CPF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPF's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Prasit Boondoungprasert (52 yo)

1.83yrs

Tenure

฿2,078,166

Compensation

Mr. Prasit Boondoungprasert serves as Chief Operating Officer of International Trade and Business Development at Charoen Pokphand Foods Public Co. Ltd. since 2017 and serves as its Chief Operating Officer ...


Leadership Team

NamePositionTenureCompensationOwnership
Prasit Boondoungprasert
CEO & Executive Director1.83yrs฿2.08mno data
Paisan Chirakitcharern
CFO & Director0.33yrno data0.0012%
฿ 2.9m
Voravit Janthanakul
Executive Vice President of General Administration Unitno datano datano data
Kobboon Srichai
Company Secretary & Senior VP of Investor Relations & Capital Marketno datano datano data
Parisotat Punnabhum
Executive Vice President of Human Resource Unitno datano datano data
Sommai Tachasirinugune
Executive VP of R & D Unit and Acting Executive VP of Quality Assurance Unitno datano datano data
Sujint Thammasart
COO of Aquaculture Business & Director0.42yrno data0.0016%
฿ 4.0m
Praderm Chotisuparach
Executive VP of Information Technology & Application Unitno datano datano data
Viboon Supakarapongkul
Executive Vice President of Procurement Unitno datano datano data
Rewat Hathaisattayapong
Executive Vice President of Livestock Feed Business7.83yrsno data0.000010%
฿ 24.6k
Siripong Aroonratana
Director0.42yrno datano data
Virote Kumpeera
Executive Vice President of Agro-Industry Technology & Innovation Unitno datano datano data

12.8yrs

Average Tenure

61.5yo

Average Age

Experienced Management: CPF's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Prasit Boondoungprasert
CEO & Executive Director1.83yrs฿2.08mno data
Paisan Chirakitcharern
CFO & Director0.33yrno data0.0012%
฿ 2.9m
Sujint Thammasart
COO of Aquaculture Business & Director0.42yrno data0.0016%
฿ 4.0m
Siripong Aroonratana
Director0.42yrno datano data
Soopakij Chearavanont
Chairman of the Board1.83yrs฿2.57mno data
Suphachai Chearavanont
Vice Chairman1.83yrs฿1.99mno data
Arunee Watcharananan
Director20.67yrs฿2.59m0.097%
฿ 239.3m
Adirek Sripratak
Vice Chairman7.83yrs฿3.71m0.0017%
฿ 4.2m
Chingchai Lohawatanakul
Vice Chairman27.83yrs฿3.28m0.29%
฿ 707.7m
Phongthep Chiaravanont
Vice Chairman1.83yrs฿2.89m0.013%
฿ 32.2m
Phatcharavat Wongsuwan
Independent Director4.25yrs฿2.18mno data
Rungson Sriworasat
Independent Director4.75yrs฿7.12mno data

1.8yrs

Average Tenure

66.5yo

Average Age

Experienced Board: CPF's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

Charoen Pokphand Foods Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Charoen Pokphand Foods Public Company Limited
  • Ticker: CPF
  • Exchange: SET
  • Founded: 1978
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ฿246.087b
  • Shares outstanding: 8.41b
  • Website: https://www.cpfworldwide.com

Number of Employees


Location

  • Charoen Pokphand Foods Public Company Limited
  • C.P. Tower
  • 313 Silom Road
  • Bangkok
  • 10500
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPFSET (The Stock Exchange of Thailand)YesCommon SharesTHTHBAug 1988
CPF-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1(ALIEN MARKET)THTHBFeb 1990
CPOFDB (Deutsche Boerse AG)THB1(ALIEN MARKET)DEEURFeb 1990
CPF-RSET (The Stock Exchange of Thailand)THB1 (NVDR)THTHBAug 2001
NVAVDB (Deutsche Boerse AG)THB1 (NVDR)DEEURAug 2001
CHPF.FOTCPK (Pink Sheets LLC)SHS FGN REGUSUSDMar 2006
CPOU.FOTCPK (Pink Sheets LLC)DP RCT NON VTGUSUSDAug 2011

Biography

Charoen Pokphand Foods Public Company Limited, together with its subsidiaries, engages in the agro-industrial and integrated food businesses in Thailand and internationally. It operates in two segments, Li...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 11:31
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.