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SUN

Sunsweet SET:SUN Stock Report

Last Price

฿4.96

Market Cap

฿3.2b

7D

-0.8%

1Y

-27.1%

Updated

01 Jul, 2022

Data

Company Financials +
SUN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends2/6

SUN Stock Overview

Sunsweet Public Company Limited, through its subsidiary, SunSweet International Co., Ltd., engages in the manufacture and distribution of agricultural products under the KC brand in Thailand.

Sunsweet Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sunsweet
Historical stock prices
Current Share Price฿4.96
52 Week High฿10.20
52 Week Low฿4.92
Beta0.89
1 Month Change-8.99%
3 Month Change-18.69%
1 Year Change-27.06%
3 Year Change220.69%
5 Year Changen/a
Change since IPO41.71%

Recent News & Updates

Shareholder Returns

SUNTH FoodTH Market
7D-0.8%-0.7%0.6%
1Y-27.1%-4.3%-0.4%

Return vs Industry: SUN underperformed the TH Food industry which returned -4.3% over the past year.

Return vs Market: SUN underperformed the TH Market which returned -0.4% over the past year.

Price Volatility

Is SUN's price volatile compared to industry and market?
SUN volatility
SUN Average Weekly Movement5.6%
Food Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in TH Market10.6%
10% least volatile stocks in TH Market2.5%

Stable Share Price: SUN is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SUN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991n/aOngart Kittikhunchaihttps://www.sunsweetthai.com

Sunsweet Public Company Limited, through its subsidiary, SunSweet International Co., Ltd., engages in the manufacture and distribution of agricultural products under the KC brand in Thailand. The company offers fresh and processed fruits and vegetables; canned, pouch, and frozen sweet corns; white beans in tomato sauce; frozen green soybean; and other by-products, such as corn husk and maize. It also sources and sells fresh onion, ketchup, canned pineapple, white sugar, fresh coconut, tapioca starch, jasmine rice, dressing, etc., as well as corn, soybean, and sunflower oil.

Sunsweet Fundamentals Summary

How do Sunsweet's earnings and revenue compare to its market cap?
SUN fundamental statistics
Market Cap฿3.20b
Earnings (TTM)฿208.63m
Revenue (TTM)฿3.03b

15.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUN income statement (TTM)
Revenue฿3.03b
Cost of Revenue฿2.50b
Gross Profit฿530.19m
Other Expenses฿321.56m
Earnings฿208.63m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin17.52%
Net Profit Margin6.89%
Debt/Equity Ratio4.3%

How did SUN perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

77%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SUN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SUN?

Other financial metrics that can be useful for relative valuation.

SUN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA9.4x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does SUN's PE Ratio compare to its peers?

SUN PE Ratio vs Peers
The above table shows the PE ratio for SUN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
CPI Chumporn Palm Oil Industry
6.6xn/a฿2.5b
LST Lam Soon (Thailand)
7.2xn/a฿4.2b
SFP Siam Food Products
11.6xn/a฿2.4b
LEE Lee Feed Mill
22.2xn/a฿2.3b
SUN Sunsweet
15.3x26.8%฿3.2b

Price-To-Earnings vs Peers: SUN is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SUN is good value based on its Price-To-Earnings Ratio (15.3x) compared to the TH Food industry average (18.1x)


Price to Earnings Ratio vs Fair Ratio

What is SUN'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.

SUN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: SUN is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).


Share Price vs Fair Value

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

Below Fair Value: SUN (THB4.96) is trading below our estimate of fair value (THB16.05)

Significantly Below Fair Value: SUN is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: SUN is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Sunsweet forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUN's forecast earnings growth (26.8% per year) is above the savings rate (2%).

Earnings vs Market: SUN's earnings (26.8% per year) are forecast to grow faster than the TH market (18.5% per year).

High Growth Earnings: SUN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SUN's revenue (13.6% per year) is forecast to grow faster than the TH market (10.2% per year).

High Growth Revenue: SUN's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SUN's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Sunsweet performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SUN has high quality earnings.

Growing Profit Margin: SUN's current net profit margins (6.9%) are lower than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: SUN's earnings have grown by 19.2% per year over the past 5 years.

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

Earnings vs Industry: SUN had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Food industry average (4.8%).


Return on Equity

High ROE: SUN's Return on Equity (17.8%) is considered low.


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Financial Health

How is Sunsweet's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SUN's short term assets (THB665.7M) exceed its short term liabilities (THB363.5M).

Long Term Liabilities: SUN's short term assets (THB665.7M) exceed its long term liabilities (THB55.3M).


Debt to Equity History and Analysis

Debt Level: SUN has more cash than its total debt.

Reducing Debt: SUN's debt to equity ratio has reduced from 338% to 4.3% over the past 5 years.

Debt Coverage: SUN's debt is well covered by operating cash flow (142%).

Interest Coverage: SUN's interest payments on its debt are well covered by EBIT (120.7x coverage).


Balance Sheet


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Dividend

What is Sunsweet current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SUN's dividend (5.04%) is higher than the bottom 25% of dividend payers in the TH market (1.79%).

High Dividend: SUN's dividend (5.04%) is low compared to the top 25% of dividend payers in the TH market (5.42%).


Stability and Growth of Payments

Stable Dividend: SUN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SUN's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (77.3%), SUN's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

17.4yrs

Average management tenure


CEO

Ongart Kittikhunchai (66 yo)

25.42yrs

Tenure

Mr. Ongart Kittikhunchai has been Chief Executive Officer of Sunsweet Public Company Ltd (formerly, Sunsweet Co.,Ltd.) since 1997, Director since December 25, 1997 and served as its Deputy Chief Executive...


Leadership Team

Experienced Management: SUN's management team is seasoned and experienced (17.4 years average tenure).


Board Members

Experienced Board: SUN's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sunsweet Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sunsweet Public Company Limited
  • Ticker: SUN
  • Exchange: SET
  • Founded: 1991
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ฿3.199b
  • Shares outstanding: 645.00m
  • Website: https://www.sunsweetthai.com

Number of Employees


Location

  • Sunsweet Public Company Limited
  • No. 9 Moo 1, Toongsatok subdistrict
  • Sanpatong district
  • Chiang Mai
  • 50120
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.