Charoen Pokphand Foods Public Company Limited

SET:CPF Stock Report

Market Cap: ฿201.1b

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 (THB24.4) is trading below our estimate of fair value (THB27.9)

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 Ratio13.9x
Earnings฿14.47b
Market Cap฿201.13b

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 Average15x
TFMAMA Thai President Foods
15.3xn/a฿66.3b
TU Thai Union Group
11.1x9.7%฿58.3b
ITC i-Tail Corporation
17.8x12.9%฿63.6b
PB President Bakery
15.9xn/a฿26.9b
CPF Charoen Pokphand Foods
13.9x4.2%฿201.1b

Price-To-Earnings vs Peers: CPF is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (15x).

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 13.9xIndustry Avg. 13.7xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPF is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the TH Food industry average (13.7x).

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 Ratio13.9x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: CPF is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).

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฿24.40
฿30.14
+23.5%
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฿19.80n/a15
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
Nov ’23฿25.50
฿31.51
+23.6%
6.1%฿35.00฿28.50฿18.5017

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

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