SET:TFG

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Executive Summary

Thaifoods Group Public Company Limited, together with its subsidiaries, produces chicken and swine primarily in Thailand and Vietnam. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Thaifoods Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

8.7%

TFG

2.8%

TH Food

-1.2%

TH Market


1 Year Return

16.2%

TFG

3.9%

TH Food

-3.6%

TH Market

Return vs Industry: TFG exceeded the TH Food industry which returned 4.4% over the past year.

Return vs Market: TFG exceeded the TH Market which returned -2% over the past year.


Shareholder returns

TFGIndustryMarket
7 Day8.7%2.8%-1.2%
30 Day9.8%3.6%2.8%
90 Day35.3%5.9%23.9%
1 Year24.7%16.2%7.5%3.9%-0.4%-3.6%
3 Year12.7%0%-0.6%-8.8%-8.0%-16.4%
5 Year351.3%297.2%35.8%16.8%39.5%19.1%

Long-Term Price Volatility Vs. Market

How volatile is Thaifoods Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Thaifoods Group undervalued compared to its fair value and its price relative to the market?

47.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TFG (฿5.6) is trading below our estimate of fair value (฿10.74)

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


Price To Earnings Ratio

PE vs Industry: TFG is good value based on its PE Ratio (13.7x) compared to the TH Food industry average (18x).

PE vs Market: TFG is good value based on its PE Ratio (13.7x) compared to the TH market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: TFG is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: TFG is overvalued based on its PB Ratio (2.9x) compared to the TH Food industry average (1.3x).


Next Steps

Future Growth

How is Thaifoods Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFG's forecast earnings growth (10.6% per year) is above the savings rate (2.2%).

Earnings vs Market: TFG's earnings (10.6% per year) are forecast to grow slower than the TH market (28.1% per year).

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

Revenue vs Market: TFG's revenue (7.3% per year) is forecast to grow slower than the TH market (10.8% per year).

High Growth Revenue: TFG's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TFG's Return on Equity is forecast to be high in 3 years time (20.2%)


Next Steps

Past Performance

How has Thaifoods Group performed over the past 5 years?

37.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TFG has high quality earnings.

Growing Profit Margin: TFG's current net profit margins (7.3%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: TFG has become profitable over the past 5 years, growing earnings by 37.2% per year.

Accelerating Growth: TFG's earnings growth over the past year (71.2%) exceeds its 5-year average (37.2% per year).

Earnings vs Industry: TFG earnings growth over the past year (71.2%) exceeded the Food industry 39.4%.


Return on Equity

High ROE: TFG's Return on Equity (21.1%) is considered high.


Next Steps

Financial Health

How is Thaifoods Group's financial position?


Financial Position Analysis

Short Term Liabilities: TFG's short term assets (฿9.7B) exceed its short term liabilities (฿9.6B).

Long Term Liabilities: TFG's short term assets (฿9.7B) exceed its long term liabilities (฿5.0B).


Debt to Equity History and Analysis

Debt Level: TFG's debt to equity ratio (87.7%) is considered high.

Reducing Debt: TFG's debt to equity ratio has reduced from 303.1% to 87.7% over the past 5 years.

Debt Coverage: TFG's debt is well covered by operating cash flow (34.3%).

Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Thaifoods Group current dividend yield, its reliability and sustainability?

1.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TFG's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the TH market (2.21%).

High Dividend: TFG's dividend (1.52%) is low compared to the top 25% of dividend payers in the TH market (6.31%).


Stability and Growth of Payments

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

Growing Dividend: TFG has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), TFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TFG's dividends in 3 years are forecast to be well covered by earnings (46.9% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Winai Teawsomboonkij (57 yo)

20yrs

Tenure

฿725,000

Compensation

Mr. Winai Teawsomboonkij is the Founder of Thai Foods Group Public Company Limited and has been its Chairman of the Executive Director since March 16, 2017 and Chief Executive Officer since 2001. Mr. Teaws...


Leadership Team

NamePositionTenureCompensationOwnership
Winai Teawsomboonkij
CEO & Director20yrs฿725.00k82.54%
฿ 25.7b
Siriluck Tangwiboonpanich
Company Secretary1.92yrs฿725.00kno data
Phet Nantavisai
Executive VP of Farm Unit & Director2.17yrs฿775.00kno data
Oranuch Pensirivorasap
Chief of Compliance Departmentno datano datano data
Nattaya Huatsoontorn
Executive Vice President of Support Unit5yrsno datano data
Pattama Hongsittiwongse
Chief of Internal Auditno datano datano data
Somboon Pankrai
Deputy Managing Director of Manufacturingno datano datano data

5.0yrs

Average Tenure

41yo

Average Age

Experienced Management: TFG's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Winai Teawsomboonkij
CEO & Director20yrs฿725.00k82.54%
฿ 25.7b
Siriluck Tangwiboonpanich
Company Secretary1.92yrs฿725.00kno data
Phet Nantavisai
Executive VP of Farm Unit & Director2.17yrs฿775.00kno data
Weidt Nuchcharoen
Independent Director6.42yrs฿880.00kno data
Weerasak Ungkajornkul
Independent Chairman of the Board0.42yr฿940.00kno data
Prasit Wasupath
Independent Director4.75yrs฿725.00kno data
Assanee Subvanich
Independent Director1.75yrs฿550.00kno data
Udomsak Nitimontree
Independent Director0.83yrno datano data

2.0yrs

Average Tenure

65yo

Average Age

Experienced Board: TFG's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

Thaifoods Group Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thaifoods Group Public Company Limited
  • Ticker: TFG
  • Exchange: SET
  • Founded: 1987
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ฿31.122b
  • Shares outstanding: 5.61b
  • Website: https://www.tfg.co.th

Location

  • Thaifoods Group Public Company Limited
  • 1010, Shinawatra Tower 3
  • 12th Floor
  • Bangkok
  • 10900
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TFG-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1 (ALIEN MARKET)THTHBOct 2015
TFGSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBOct 2015
TFG-RSET (The Stock Exchange of Thailand)THB1 (NVDR)THTHBOct 2015

Biography

Thaifoods Group Public Company Limited, together with its subsidiaries, produces chicken and swine primarily in Thailand and Vietnam. The company operates through Poultry Business, Swine Business, Feed Mil...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 11:34
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.