R&B Food Supply Future Growth

Future criteria checks 1/6

R&B Food Supply is forecast to grow earnings and revenue by 11.2% and 5.8% per annum respectively. EPS is expected to grow by 11.5% per annum. Return on equity is forecast to be 11.9% in 3 years.

Key information

11.2%

Earnings growth rate

11.5%

EPS growth rate

Food earnings growth	11.2%
Revenue growth rate	5.8%
Future return on equity	11.9%
Analyst coverage	Low
Last updated	20 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:RBF - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,007	661	599	844	4
12/31/2025	4,696	603	537	797	4
12/31/2024	4,400	518	239	655	2
9/30/2024	4,424	523	410	851	N/A
6/30/2024	4,500	623	530	953	N/A
3/31/2024	4,526	674	469	902	N/A
12/31/2023	4,421	649	473	874	N/A
9/30/2023	4,276	603	313	753	N/A
6/30/2023	4,110	504	81	573	N/A
3/31/2023	4,033	466	-44	426	N/A
12/31/2022	3,961	482	-87	309	N/A
9/30/2022	3,884	493	-94	361	N/A
6/30/2022	3,713	516	30	455	N/A
3/31/2022	3,523	504	157	517	N/A
12/31/2021	3,384	479	192	535	N/A
9/30/2021	3,267	504	149	518	N/A
6/30/2021	3,262	524	183	544	N/A
3/31/2021	3,172	544	135	549	N/A
12/31/2020	3,116	567	188	610	N/A
9/30/2020	3,071	538	239	533	N/A
6/30/2020	2,940	491	321	546	N/A
3/31/2020	2,936	426	337	496	N/A
12/31/2019	2,865	353	338	486	N/A
9/30/2019	2,821	345	232	446	N/A
6/30/2019	2,815	301	86	360	N/A
3/31/2019	2,788	326	77	382	N/A
12/31/2018	2,738	324	11	337	N/A
12/31/2017	2,916	405	N/A	322	N/A
12/31/2016	2,623	312	N/A	459	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBF's forecast earnings growth (11.2% per year) is above the savings rate (2%).

Earnings vs Market: RBF's earnings (11.2% per year) are forecast to grow slower than the TH market (16.9% per year).

High Growth Earnings: RBF's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBF's revenue (5.8% per year) is forecast to grow slower than the TH market (6.6% per year).

High Growth Revenue: RBF's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RBF's Return on Equity is forecast to be low in 3 years time (11.9%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 01:02
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

R&B Food Supply Public Company Limited is covered by 10 analysts. 4 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
Tanida Jirapornkasemsuk	CGS International
null null	DBS Bank Ltd
null null	DBS Vickers Research

R&B Food Supply Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 8.4% to ฿12.48

Price target increased by 7.5% to ฿14.05

Price target decreased to ฿12.40

Consensus EPS estimates fall by 17%

Price target decreased to ฿14.00

Consensus forecasts updated

Recent updates

Investor sentiment improves as stock rises 18%

Now 20% undervalued

Now 23% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 24%

New major risk - Share price stability

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued after recent price drop

New minor risk - Dividend sustainability

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 8.4% to ฿12.48

First quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.073 in 1Q 2023)

Now 22% undervalued after recent price drop

R&B Food Supply Public Company Limited Announces the Resignation Surachai Phartyanotai from the Position of Company Secretary

Upcoming dividend of ฿0.17 per share

Now 21% undervalued after recent price drop

Dividend of ฿0.17 announced

Full year 2023 earnings: EPS misses analyst expectations

R&B Food Supply Public Company Limited, Annual General Meeting, Apr 26, 2024

Price target increased by 7.5% to ฿14.05

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings released: EPS: ฿0.07 (vs ฿0.081 in 1Q 2022)

Upcoming dividend of ฿0.10 per share at 0.9% yield

Price target decreased to ฿12.40

Consensus EPS estimates fall by 17%

Less than half of directors are independent

Price target decreased to ฿14.00

Consensus forecasts updated

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Price target decreased to ฿15.76

Price target decreased to ฿16.90

Now 20% undervalued after recent price drop

Consensus EPS estimates fall by 13%

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS exceeds analyst expectations

Less than half of directors are independent

R&B Food Supply Public Company Limited Approves Dividend for the Year 2021, Payable on 11 May 2022

Upcoming dividend of ฿0.15 per share

Now 21% undervalued after recent price drop

Price target decreased to ฿20.24

R&B Food Supply Public Company Limited Proposes Dividend for the Performance of the Year 2021, Payable on 11 May 2022

Full year 2021 earnings: EPS misses analyst expectations

Now 21% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Price target increased to ฿22.24

Third quarter 2021 earnings released: EPS ฿0.066 (vs ฿0.07 in 3Q 2020)

Price target increased to ฿19.78

Second quarter 2021 earnings released: EPS ฿0.052 (vs ฿0.062 in 2Q 2020)

Price target decreased to ฿17.13

Consensus EPS estimates fall to ฿0.22

Consensus EPS estimates fall to ฿0.28

R&B Food Supply Public Company Limited and Premium Foods Company Limited Submit an Application of Narcotics Substance Category 5, Hemp Only to the Food and Drug Authority

R&B Food Supply Public Company Limited Announces Approval of Narcotics Substance Category 5, Hemp Only

R&B Food Supply Public Company Limited Reports Impairment Charges for the First Quarter Ended 31 March 2021

First quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.074 in 1Q 2020)

Upcoming dividend of ฿0.15 per share

Consensus revenue estimates increase to ฿4.05b

Price target increased to ฿13.23

Investor sentiment improved over the past week

R&B Food Supply Public Company Limited Announces Board Appointments

Full year 2020 earnings released: EPS ฿0.26 (vs ฿0.22 in FY 2019)

Revenue and earnings miss expectations

R&B Food Supply Public Company Limited, Annual General Meeting, Apr 23, 2021

New 90-day high: ฿14.10

Investor sentiment improved over the past week

New 90-day high: ฿10.50

New 90-day low: ฿8.55