How does ICHI-R's PE Ratio compare to its peers?

ICHI-R is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (16.3x).

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

ICHI-R is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the TH Food industry average (12.5x).

What is ICHI-R'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.

ICHI-R is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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

ICHI-R (THB14.2) is trading below our estimate of [[fair value]] (THB30.58)

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

Insufficient data to show price forecast.

ICHI-R Stock Overview

Together with its subsidiary Ichitan Power Co., Ltd., engages in the manufacture and sale of beverages in Thailand and internationally. More details

ICHI-R fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	6/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 53.6% below our estimate of its fair value

Earnings are forecast to grow 7.42% per year

Earnings grew by 39.7% over the past year

Risk Analysis

Dividend of 8.45% is not well covered by earnings or free cash flows

My Notes

Capture your thoughts, links and company narrative

Ichitan Group Public Company Limited Competitors

Thaifoods Group

SET:TFG

฿19.5b

Sappe

SET:SAPPE

฿20.6b

Thai Coconut

SET:COCOCO

฿17.3b

Thai Vegetable Oil

SET:TVO

฿20.2b

Price History & Performance

Summary of share price highs, lows and changes for Ichitan Group
Historical stock prices
Current Share Price	฿14.20
52 Week High	฿18.80
52 Week Low	฿13.90
Beta	0.70
1 Month Change	-4.05%
3 Month Change	-14.97%
1 Year Change	-5.96%
3 Year Change	43.43%
5 Year Change	188.62%
Change since IPO	-12.35%

Recent updates

Shareholder Returns

	ICHI-R	TH Food	TH Market
7D	-4.1%	-3.8%	-4.7%
1Y	-6.0%	-5.1%	-3.4%

Return vs Industry: ICHI-R matched the TH Food industry which returned -5.1% over the past year.

Return vs Market: ICHI-R underperformed the TH Market which returned -3.4% over the past year.

Price Volatility

Is ICHI-R's price volatile compared to industry and market?
ICHI-R volatility
ICHI-R Average Weekly Movement	3.7%
Food Industry Average Movement	3.9%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: ICHI-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: ICHI-R's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Tan Passakornnatee	www.ichitangroup.com

Ichitan Group Public Company Limited, together with its subsidiary Ichitan Power Co., Ltd., engages in the manufacture and sale of beverages in Thailand and internationally. The company offers ready-to-drink green tea under the ICHITAN green tea brand; herbal drink under the Yen Yen by ICHITAN brand; green tea with chewy cube of coconut under the ICHITAN Chew Chew brand; and fruit juices and jellies under the Bireley’s by Ichitan brand. The company was formerly known as Mai Tan Company Limited.

Ichitan Group Public Company Limited Fundamentals Summary

How do Ichitan Group's earnings and revenue compare to its market cap?
ICHI-R fundamental statistics
Market cap	฿18.46b
Earnings (TTM)	฿1.40b
Revenue (TTM)	฿7.78b

13.2x

P/E Ratio

2.4x

P/S Ratio

Is ICHI-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ICHI-R income statement (TTM)
Revenue	฿7.78b
Cost of Revenue	฿5.48b
Gross Profit	฿2.29b
Other Expenses	฿896.77m
Earnings	฿1.40b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.07
Gross Margin	29.47%
Net Profit Margin	17.94%
Debt/Equity Ratio	0%

How did ICHI-R perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

103%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 03:02
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

Ichitan Group Public Company Limited is covered by 13 analysts. 7 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
Nuanpun Noiruchchukorn	Asia Plus Securities Company Limited
Kalvalee Thongsomaung	Bualuang Securities PCL
Choon Heng Ng	CGS International