R&B Food Supply Past Earnings Performance

Past criteria checks 2/6

R&B Food Supply has been growing earnings at an average annual rate of 7%, while the Food industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 10.5% per year. R&B Food Supply's return on equity is 10.8%, and it has net margins of 11.8%.

Key information

7.0%

Earnings growth rate

4.1%

EPS growth rate

Food Industry Growth	17.6%
Revenue growth rate	10.5%
Return on equity	10.8%
Net Margin	11.8%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How R&B Food Supply makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:RBF Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	4,424	523	943
30 Jun 24	4,500	623	922
31 Mar 24	4,526	674	891
31 Dec 23	4,421	649	842
30 Sep 23	4,276	603	803
30 Jun 23	4,110	504	787
31 Mar 23	4,033	466	772
31 Dec 22	3,961	482	763
30 Sep 22	3,884	493	748
30 Jun 22	3,713	516	712
31 Mar 22	3,523	504	679
31 Dec 21	3,384	479	663
30 Sep 21	3,267	504	658
30 Jun 21	3,262	524	656
31 Mar 21	3,172	544	636
31 Dec 20	3,116	567	620
30 Sep 20	3,071	538	604
30 Jun 20	2,940	491	592
31 Mar 20	2,936	426	638
31 Dec 19	2,865	353	639
30 Sep 19	2,821	345	632
30 Jun 19	2,815	301	643
31 Mar 19	2,788	326	595
31 Dec 18	2,738	324	577
31 Dec 17	2,916	405	495
31 Dec 16	2,623	312	433

Quality Earnings: RBF has high quality earnings.

Growing Profit Margin: RBF's current net profit margins (11.8%) are lower than last year (14.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RBF's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: RBF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RBF had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Food industry average (34.4%).

Return on Equity

High ROE: RBF's Return on Equity (10.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 18:54
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 Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

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

Full year 2023 earnings: EPS misses analyst expectations

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

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

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

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