Reported Earnings • May 13
First quarter 2026 earnings released: EPS: ฿0.12 (vs ฿0.075 in 1Q 2025) First quarter 2026 results: EPS: ฿0.12 (up from ฿0.075 in 1Q 2025). Revenue: ฿1.34b (up 28% from 1Q 2025). Net income: ฿74.9m (up 57% from 1Q 2025). Profit margin: 5.6% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 02
Dividend increased to ฿0.27 Dividend of ฿0.27 is 23% higher than last year. Ex-date: 13th March 2026 Payment date: 15th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
Chumporn Palm Oil Industry Public Company Limited announces Annual dividend, payable on May 15, 2026 Chumporn Palm Oil Industry Public Company Limited announced Annual dividend of THB 0.2700 per share payable on May 15, 2026, ex-date on March 13, 2026 and record date on March 16, 2026. Announcement • Feb 27
Chumporn Palm Oil Industry Public Company Limited, Annual General Meeting, Apr 23, 2026 Chumporn Palm Oil Industry Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.21 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.17 (down from ฿0.21 in 3Q 2024). Revenue: ฿1.32b (down 3.4% from 3Q 2024). Net income: ฿110.3m (down 19% from 3Q 2024). Profit margin: 8.3% (down from 9.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.40 (vs ฿0.20 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.40 (up from ฿0.20 in 2Q 2024). Revenue: ฿1.72b (up 11% from 2Q 2024). Net income: ฿253.0m (up 95% from 2Q 2024). Profit margin: 15% (up from 8.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.075 (vs ฿0.005 loss in 1Q 2024) First quarter 2025 results: EPS: ฿0.075 (up from ฿0.005 loss in 1Q 2024). Revenue: ฿1.04b (down 16% from 1Q 2024). Net income: ฿47.7m (up ฿50.8m from 1Q 2024). Profit margin: 4.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year. Declared Dividend • Feb 28
Dividend increased to ฿0.22 Dividend of ฿0.22 is 100% higher than last year. Ex-date: 13th March 2025 Payment date: 16th May 2025 Dividend yield will be 7.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
Chumporn Palm Oil Industry Public Company Limited announces Annual dividend, payable on May 16, 2025 Chumporn Palm Oil Industry Public Company Limited announced Annual dividend of THB 0.2200 per share payable on May 16, 2025, ex-date on March 13, 2025 and record date on March 14, 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿0.51 (vs ฿0.24 in FY 2023) Full year 2024 results: EPS: ฿0.51 (up from ฿0.24 in FY 2023). Revenue: ฿5.25b (flat on FY 2023). Net income: ฿320.6m (up 112% from FY 2023). Profit margin: 6.1% (up from 2.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
Chumporn Palm Oil Industry Public Company Limited, Annual General Meeting, Apr 23, 2025 Chumporn Palm Oil Industry Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. Location: only, regulated under the emergency decree on, (2020) and other relevant laws and regulations, Thailand Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ฿0.21 (vs ฿0.044 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.21 (up from ฿0.044 in 3Q 2023). Revenue: ฿1.37b (up 9.2% from 3Q 2023). Net income: ฿135.4m (up 386% from 3Q 2023). Profit margin: 9.9% (up from 2.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.20 (vs ฿0.056 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.20 (up from ฿0.056 in 2Q 2023). Revenue: ฿1.55b (up 25% from 2Q 2023). Net income: ฿129.8m (up 269% from 2Q 2023). Profit margin: 8.4% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by earnings (95% payout ratio). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (฿1.47b market cap, or US$39.9m). Reported Earnings • May 10
First quarter 2024 earnings released: ฿5.00 loss per share (vs ฿0.12 profit in 1Q 2023) First quarter 2024 results: ฿5.00 loss per share (down from ฿0.12 profit in 1Q 2023). Revenue: ฿1.24b (down 9.3% from 1Q 2023). Net loss: ฿3.14m (down 104% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 07
Upcoming dividend of ฿0.11 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.4%). New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 4.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿1.71b market cap, or US$47.4m). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿0.24 (vs ฿0.52 in FY 2022) Full year 2023 results: EPS: ฿0.24 (down from ฿0.52 in FY 2022). Revenue: ฿5.27b (down 32% from FY 2022). Net income: ฿151.2m (down 54% from FY 2022). Profit margin: 2.9% (down from 4.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: ฿0.044 (vs ฿0.064 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.044 (down from ฿0.064 in 3Q 2022). Revenue: ฿1.25b (down 19% from 3Q 2022). Net income: ฿27.9m (down 31% from 3Q 2022). Profit margin: 2.2% (down from 2.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Sep 26
Now 20% undervalued Over the last 90 days, the stock is up 5.2%. The fair value is estimated to be ฿3.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 27%. Buying Opportunity • Sep 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be ฿3.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.056 (vs ฿0.13 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.056 (down from ฿0.13 in 2Q 2022). Revenue: ฿1.24b (down 41% from 2Q 2022). Net income: ฿35.2m (down 58% from 2Q 2022). Profit margin: 2.8% (down from 3.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 31% per year. Buying Opportunity • Aug 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be ฿3.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 43%. Upcoming Dividend • Mar 23
Upcoming dividend of ฿0.21 per share at 6.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (3.7%). Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: ฿0.52 (vs ฿0.46 in FY 2021) Full year 2022 results: EPS: ฿0.52 (up from ฿0.46 in FY 2021). Revenue: ฿7.70b (up 37% from FY 2021). Net income: ฿329.5m (up 13% from FY 2021). Profit margin: 4.3% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Chairman of the Board Banphot Hongthong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ฿3.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ฿4.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be ฿4.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Aug 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ฿4.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.13 (vs ฿0.19 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.13 (down from ฿0.19 in 2Q 2021). Revenue: ฿2.10b (up 40% from 2Q 2021). Net income: ฿83.1m (down 30% from 2Q 2021). Profit margin: 3.9% (down from 7.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 17% share price gain to ฿5.25, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 19x in the Food industry in Thailand. Total returns to shareholders of 322% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.24 (vs ฿0.097 in 1Q 2021) First quarter 2022 results: EPS: ฿0.24 (up from ฿0.097 in 1Q 2021). Revenue: ฿2.11b (up 70% from 1Q 2021). Net income: ฿154.5m (up 153% from 1Q 2021). Profit margin: 7.3% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Chairman of the Board Banphot Hongthong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of ฿0.19 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: ฿0.46 (up from ฿0.25 in FY 2020). Revenue: ฿5.62b (up 44% from FY 2020). Net income: ฿292.3m (up 84% from FY 2020). Profit margin: 5.2% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.088 (vs ฿0.14 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿1.33b (up 30% from 3Q 2020). Net income: ฿55.6m (down 36% from 3Q 2020). Profit margin: 4.2% (down from 8.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿4.34, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 17x in the Food industry in Thailand. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improved over the past week After last week's 17% share price gain to ฿4.36, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 18x in the Food industry in Thailand. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to ฿3.86, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the Food industry in Thailand. Total returns to shareholders of 140% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.047 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.51b (up 65% from 2Q 2020). Net income: ฿118.8m (up 297% from 2Q 2020). Profit margin: 7.9% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.097 (vs ฿0.064 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.24b (up 48% from 1Q 2020). Net income: ฿61.1m (up ฿101.9m from 1Q 2020). Profit margin: 4.9% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 25% share price gain to ฿2.94, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 16x in the Food industry in Thailand. Total returns to shareholders of 32% over the past three years. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ฿0.25 (vs ฿0.14 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.90b (up 17% from FY 2019). Net income: ฿159.1m (up 77% from FY 2019). Profit margin: 4.1% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day high: ฿2.10 The company is up 30% from its price of ฿1.61 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ฿1.95 The company is up 55% from its price of ฿1.26 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ฿1.87 The company is up 50% from its price of ฿1.25 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 16% share price gain to ฿1.84, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 16x in the Food industry in Thailand. Total returns to shareholders over the past three years are 4.8%. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 17% share price gain to ฿1.63, the stock is trading at a trailing P/E ratio of 14.6x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 15x in the Food industry in Thailand. Total return to shareholders over the past three years is a loss of 9.5%. Is New 90 Day High Low • Nov 23
New 90-day high: ฿1.47 The company is up 20% from its price of ฿1.22 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 3.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.14 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.02b (up 23% from 3Q 2019). Net income: ฿87.4m (up 428% from 3Q 2019). Profit margin: 8.6% (up from 2.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day high: ฿1.30 The company is up 7.0% from its price of ฿1.22 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ฿1.29 The company is up 2.0% from its price of ฿1.26 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 2.0% over the same period. 
