Charoen Pokphand Foods Public Company Limited

SET:CPF Stock Report

Market Cap: ฿186.3b

Charoen Pokphand Foods Valuation

Is CPF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CPF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CPF (THB22.6) is trading below our estimate of fair value (THB23.69)

Significantly Below Fair Value: CPF is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CPF?

Key metric: As CPF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CPF. This is calculated by dividing CPF's market cap by their current earnings.
What is CPF's PE Ratio?
PE Ratio12.9x
Earnings฿14.47b
Market Cap฿186.29b

Price to Earnings Ratio vs Peers

How does CPF's PE Ratio compare to its peers?

The above table shows the PE ratio for CPF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
TFMAMA Thai President Foods
15.2xn/a฿65.8b
ITC i-Tail Corporation
18x13.3%฿64.2b
TU Thai Union Group
9.9x8.3%฿51.9b
BTG Betagro
43.5x42.7%฿36.0b
CPF Charoen Pokphand Foods
12.9x4.9%฿186.3b

Price-To-Earnings vs Peers: CPF is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (21.6x).

Price to Earnings Ratio vs Industry

How does CPF's PE Ratio compare vs other companies in the TH Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
CPF 12.9xIndustry Avg. 12.5xNo. of Companies9PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPF is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the TH Food industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is CPF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CPF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: CPF is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CPF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿22.60
฿30.50
+35.0%
8.3%฿38.00฿27.50n/a13
Dec ’25฿23.90
฿30.14
+26.1%
5.8%฿34.00฿27.50n/a13
Nov ’25฿24.70
฿30.22
+22.3%
5.9%฿34.00฿27.50n/a13
Oct ’25฿24.20
฿29.99
+23.9%
6.6%฿34.00฿27.00n/a12
Sep ’25฿24.60
฿29.51
+20.0%
6.1%฿32.25฿26.75n/a12
Aug ’25฿23.10
฿28.07
+21.5%
8.2%฿31.50฿22.00n/a12
Jul ’25฿22.70
฿24.68
+8.7%
11.0%฿31.00฿20.00n/a12
Jun ’25฿22.80
฿24.23
+6.3%
11.6%฿31.00฿20.00n/a13
May ’25฿19.80
฿22.28
+12.5%
6.3%฿25.60฿20.00n/a14
Apr ’25฿18.20
฿22.37
+22.9%
6.8%฿25.60฿20.00n/a15
Mar ’25฿18.50
฿22.31
+20.6%
9.0%฿26.50฿19.60n/a14
Feb ’25฿18.50
฿22.44
+21.3%
8.6%฿26.50฿19.60n/a15
Jan ’25฿19.60
฿22.69
+15.8%
7.8%฿26.50฿19.80n/a15
Dec ’24฿19.10
฿22.68
+18.7%
8.4%฿26.00฿19.80฿23.9015
Nov ’24฿18.50
฿23.02
+24.4%
8.9%฿26.00฿19.80฿24.7015
Oct ’24฿20.70
฿22.88
+10.5%
7.2%฿26.00฿20.30฿24.2016
Sep ’24฿20.60
฿22.54
+9.4%
10.5%฿29.00฿20.00฿24.6017
Aug ’24฿20.30
฿23.08
+13.7%
12.0%฿29.00฿19.60฿23.1016
Jul ’24฿19.70
฿23.46
+19.1%
12.1%฿29.00฿20.00฿22.7016
Jun ’24฿20.00
฿23.98
+19.9%
13.1%฿29.00฿20.00฿22.8017
May ’24฿20.30
฿26.05
+28.3%
11.1%฿31.00฿21.50฿19.8016
Apr ’24฿21.20
฿27.85
+31.4%
9.1%฿31.00฿21.60฿18.2016
Mar ’24฿22.00
฿28.03
+27.4%
10.1%฿34.00฿21.60฿18.5016
Feb ’24฿23.90
฿29.89
+25.1%
8.0%฿34.00฿26.00฿18.5016
Jan ’24฿24.80
฿30.89
+24.6%
7.2%฿34.00฿27.00฿19.6016
Dec ’23฿24.00
฿31.19
+30.0%
7.4%฿35.00฿27.00฿19.1017

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Charoen Pokphand Foods Public Company Limited is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anakepong PutthapibalAsia Plus Securities Company Limited
Yuwanee PrommapornBNP Paribas Securities (Asia)
Chutima WoramontriBNP Paribas Securities (Asia)