Thaifoods Group Management

Management criteria checks 4/4

Thaifoods Group's CEO is Winai Teawsomboonkij, appointed in Jan 2001, has a tenure of 23.83 years. directly owns 79.93% of the company’s shares, worth THB17.19B. The average tenure of the management team and the board of directors is 8.8 years and 5.8 years respectively.

Key information

Winai Teawsomboonkij

Chief executive officer

฿1.2m

Total compensation

CEO salary percentage	n/a
CEO tenure	23.8yrs
CEO ownership	79.9%
Management average tenure	8.8yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO

Winai Teawsomboonkij (61 yo)

23.8yrs

Tenure

฿1,172,072

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

Name	Position	Tenure	Compensation	Ownership
Winai Teawsomboonkij	CEO & Director	23.8yrs	฿1.17m	79.93% THB 17.2b
Siriluck Tangwiboonpanich	Company Secretary	8.8yrs	฿1.27m	0.0066% THB 1.4m
Phet Nantavisai	Executive VP of Farm Unit & Quality Development and Director	8.8yrs	฿1.30m	0.012% THB 2.5m
Oranuch Pensirivorasap	Chief of Compliance Department	no data	no data	no data
Pattama Hongsittiwongse	Internal Audit Division Manager & Chief of Internal Audit	no data	no data	no data

8.8yrs

Average Tenure

42yo

Average Age

Experienced Management: TFG's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Winai Teawsomboonkij	CEO & Director	10.3yrs	฿1.17m	79.93% THB 17.2b
Siriluck Tangwiboonpanich	Company Secretary	5.8yrs	฿1.27m	0.0066% THB 1.4m
Phet Nantavisai	Executive VP of Farm Unit & Quality Development and Director	6yrs	฿1.30m	0.012% THB 2.5m
Vanchai Sriherunrusmee	Independent Director	less than a year	no data	no data
Assanee Subvanich	Independent Director	5.6yrs	฿1.43m	no data
Prasit Wasupath	Independent Director	8.6yrs	฿632.70k	no data
Weidt Nuchcharoen	Independent Director	10.3yrs	฿1.40m	no data
Weerasak Ungkajornkul	Independent Chairman of the Board	10.3yrs	฿1.60m	no data
Udomsak Nitimontree	Independent Director	4.7yrs	฿1.35m	no data
Kudun Sukhumananda	Independent Director	less than a year	no data	no data
Sanya Theimsiri	Independent Director	1.6yrs	฿649.37k	0.0027% THB 591.3k

5.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: TFG's board of directors are considered experienced (5.8 years average tenure).

Thaifoods Group Management

Management criteria checks 4/4

Key information

Recent management updates

Thaifoods Group Public Company Limited Approves Appointment of Audit Committee

Thaifoods Group Public Company Limited, Annual General Meeting, Apr 23, 2024

Insufficient new directors

Insufficient new directors

Insufficient new directors

Thaifoods Group Public Company Limited, Annual General Meeting, Apr 22, 2021

Recent updates

New minor risk - Earnings quality

Price target increased by 18% to ฿5.35

First half dividend increased to ฿0.075

Second quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.012 in 2Q 2023)

Thaifoods Group Public Company Limited Declares Interim Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 6, 2024

Price target increased by 8.3% to ฿4.42

New major risk - Financial position

First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.08 in 1Q 2023)

Thaifoods Group Public Company Limited Approves Appointment of Audit Committee

Upcoming dividend of ฿0.01 per share

Thaifoods Group Public Company Limited has filed a Follow-on Equity Offering.

Final dividend reduced to ฿0.01

Thaifoods Group Public Company Limited, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 57%

Consensus EPS estimates fall by 92%, revenue upgraded

Consensus EPS estimates increase by 1,856%

Third quarter 2023 earnings released: ฿0.08 loss per share (vs ฿0.31 profit in 3Q 2022)

Consensus EPS estimates fall from profit to ฿0.02 loss

Consensus EPS estimates fall by 57%

Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.22 in 2Q 2022)

Upcoming dividend of ฿0.02 per share at 11% yield

Consensus EPS estimates increase by 17%

Consensus EPS estimates fall by 21%, revenue upgraded

New minor risk - Shareholder dilution

First quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.11 in 1Q 2022)

Consensus EPS estimates fall by 12%

Upcoming dividend of ฿0.30 per share at 8.0% yield

Now 20% undervalued after recent price drop

Now 23% undervalued after recent price drop

Price target decreased by 9.0% to ฿8.17

Now 20% undervalued

Consensus forecasts updated

Insufficient new directors

Consensus forecasts updated

Upcoming dividend of ฿0.10 per share

Consensus EPS estimates increase by 33%

Thaifoods Group Public Company Limited Announces Interim Dividend for the Operating Period from 01-Jan-2022 to 30-Jun-2022, Payable Date 09-Sep-2022

Second quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.08 in 2Q 2021)

Consensus EPS estimates increase by 18%

Price target increased to ฿6.35

Investor sentiment improved over the past week

Insufficient new directors

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

Insufficient new directors

Upcoming dividend of ฿0.04 per share

Upcoming dividend of ฿0.04 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Thaifoods Group Public Company Limited Announces Cash Dividend for the Year 2021, Payable on May 13, 2022

Price target increased to ฿5.70

Price target increased to ฿5.70

Third quarter 2021 earnings released: ฿0.08 loss per share (vs ฿0.19 profit in 3Q 2020)

Upcoming dividend of ฿0.05 per share

Consensus forecasts updated

Second quarter 2021 earnings released: EPS ฿0.08 (vs ฿0.08 in 2Q 2020)

Price target decreased to ฿5.38

First quarter 2021 earnings released: EPS ฿0.08 (vs ฿0.11 in 1Q 2020)

Full year 2020 earnings released: EPS ฿0.46 (vs ฿0.27 in FY 2019)

Thaifoods Group Public Company Limited, Annual General Meeting, Apr 22, 2021

New 90-day high: ฿5.60

New 90-day high: ฿5.15

Thaifoods Group Public Company Limited Announces Audit Committee Changes

Price target raised to ฿6.00

New 90-day high: ฿4.78

Analysts increase EPS estimates to ฿0.41

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.19

New 90-day low: ฿4.14

Upcoming Dividend of ฿0.03 Per Share