Central Retail Corporation Public Company Limited

SET:CRC Stock Report

Market Cap: ฿121.2b

Central Retail Corporation Future Growth

Future criteria checks 1/6

Central Retail is forecast to grow earnings and revenue by 10.3% and 2.2% per annum respectively. EPS is expected to grow by 9.7% per annum. Return on equity is forecast to be 12.4% in 3 years.

Key information

10.3%

Earnings growth rate

9.65%

EPS growth rate

Multiline Retail earnings growth25.5%
Revenue growth rate2.2%
Future return on equity12.37%
Analyst coverage

Good

Last updated15 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 29

CRC: Special Dividend Windfall Will Support Steady Long Term Upside Prospects

Analysts have kept their THB price target for Central Retail Corporation unchanged at THB21.90, citing relatively steady assumptions on fair value, profit margin and future P/E, with only modest adjustments to the discount rate and revenue growth outlook. What's in the News Approved special dividend of THB0.58 per share, totaling THB3.50b, funded by the disposal of assets related to the Rinascente department store business, with record date on April 22, 2026 and payment scheduled for May 8, 2026 (AGM resolution, Key Developments).
Narrative Update • Apr 15

CRC: Special Dividend Payout And Slightly Softer Outlook Will Shape Prospects

Analysts have marginally lowered their fair value estimate for Central Retail Corporation, with the updated price target moving from THB22.20 to THB21.90 as they factor in slightly softer assumptions for revenue growth, profit margins and future P/E, partially offset by a small reduction in the discount rate. What's in the News Approved a special dividend of THB0.58 per share, totaling THB3.498b.
Narrative Update • Apr 01

CRC: Upcoming Dividend And Slightly Higher Fair Value Will Support Optimism

Analysts have trimmed their price target for Central Retail Corporation slightly to THB22.20 from THB22.25, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled for February 27, 2026.
Narrative Update • Mar 18

CRC: Upcoming Dividend And Higher Fair Value Will Support Renewed Optimism

Analysts have nudged their fair value estimate for Central Retail Corporation slightly higher to THB22.25 per share, reflecting updated assumptions on revenue growth, profit margins, and a modestly lower discount rate in their valuation models. What's in the News A board meeting is scheduled for February 27, 2026.
Narrative Update • Mar 02

CRC: Upcoming Dividend Will Support Renewed Optimism For Undervalued Shares

Analysts have trimmed their price target for Central Retail Corporation from THB 23.29 to THB 22.19 as they refresh their assumptions around a slightly higher expected P/E, modestly lower revenue growth, and a small uplift in projected profit margins and the discount rate. What's in the News Central Retail Corporation Public Company Limited announced an annual dividend of THB 0.5300 per share, with payment scheduled for May 8, 2026.
Narrative Update • Nov 20

CRC: Upcoming Meetings On Asset Disposal Will Drive Renewed Optimism

Analysts have slightly lowered their price target for Central Retail Corporation from $23.35 to $23.29, citing modest adjustments to expected revenue growth and updated discount rate assumptions. What's in the News A Special/Extraordinary Shareholders Meeting is scheduled for November 6, 2025, to discuss connected transactions and asset disposal related to the Rinascente Department Store business (Key Developments).
Narrative Update • Nov 03

CRC: Upcoming Asset Disposal Will Drive Further Upside Potential

Central Retail Corporation's analyst price target has been revised upwards from 22.77 THB to 23.35 THB, as analysts adjust their forecasts based on updated assumptions regarding growth and profitability. What's in the News Special/Extraordinary Shareholders Meeting scheduled for November 6, 2025, at 14:00 SE Asia Standard Time (Key Developments) Board Meeting set for September 17, 2025, with agenda items including the notification of resolutions on a connected transaction and disposal of assets related to Rinascente department store business, appointment of IFA, convening the Extraordinary General Meeting of shareholders, and consideration of other business matters (Key Developments) Valuation Changes Fair Value: Increased slightly from 22.77 THB to 23.35 THB per share.
Narrative Update • Sep 06

Khun Ty-san's Leadership And Vietnam Expansion Will Propel Earnings Growth

With no change in analyst rationale, both the discount rate and future P/E for Central Retail Corporation were essentially flat, resulting in the consensus analyst price target holding steady at THB22.77. Valuation Changes Summary of Valuation Changes for Central Retail Corporation The Consensus Analyst Price Target remained effectively unchanged, at THB22.77.
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New Narrative • Dec 05

Khun Ty-san's Leadership And Vietnam Expansion Will Propel Earnings Growth

Expansion in Vietnam through new malls and renovations aims to boost revenue and occupancy rates amid strong economic growth.

Earnings and Revenue Growth Forecasts

SET:CRC - Analysts future estimates and past financials data (THB Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028263,0899,18010,45727,05713
12/31/2027250,4928,78311,48527,23919
12/31/2026238,4127,99811,08525,95614
12/31/2025246,0756,72121,28432,216N/A
9/30/2025263,2976,95818,56931,087N/A
6/30/2025263,9067,78614,41229,798N/A
3/31/2025264,4408,30310,56830,284N/A
12/31/2024243,9717,1338,54029,377N/A
9/30/2024259,1629,0986,73829,082N/A
6/30/2024255,6188,1117,46227,843N/A
3/31/2024252,4578,0199,74927,697N/A
12/31/2023248,3918,0169,89027,483N/A
9/30/2023247,0628,1897,54623,484N/A
6/30/2023245,4828,2206,59622,876N/A
3/31/2023242,3368,13910,03826,275N/A
12/31/2022235,4257,1757,11722,460N/A
9/30/2022229,6286,23517,15730,717N/A
6/30/2022213,1342,82016,81428,367N/A
3/31/2022202,67086212,62621,861N/A
12/31/2021195,4335915,05723,360N/A
9/30/2021187,084-1,2552,52010,593N/A
6/30/2021193,1421,8248,18016,402N/A
3/31/2021188,108-2958,18216,401N/A
12/31/2020193,350462,94511,961N/A
9/30/2020202,0924,9718,73018,853N/A
6/30/2020208,0655,5183,46014,264N/A
3/31/2020219,2639,4511,79014,416N/A
12/31/2019218,66210,6336,38218,386N/A
9/30/2019212,0666,555N/A14,914N/A
6/30/2019208,5316,627N/A15,627N/A
3/31/2019206,16611,693N/A16,220N/A
12/31/2018202,64412,004N/A17,017N/A
12/31/2017187,5157,178N/A22,324N/A
12/31/2016174,9806,484N/A17,642N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRC's forecast earnings growth (10.3% per year) is above the savings rate (2.2%).

Earnings vs Market: CRC's earnings (10.3% per year) are forecast to grow slower than the TH market (10.9% per year).

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

Revenue vs Market: CRC's revenue (2.2% per year) is forecast to grow slower than the TH market (9.7% per year).

High Growth Revenue: CRC's revenue (2.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CRC's Return on Equity is forecast to be low in 3 years time (12.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 01:03
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Central Retail Corporation Public Company Limited is covered by 37 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sirichai ChalokepunratBofA Global Research
Phoowadol PhoosodngernBualuang Securities PCL
Wikij TirawannaratBualuang Securities PCL