Betagro is a leading integrated agro-industrial and food company in Thailand. Our business covers the production and sale of animal feed, animal health products, livestock, swine and poultry products, eggs, related processed food products and pet food. In addition, we are committed to producing high quality and safe products, we have implemented strict biosecurity and quality control measures, guided by recognized international standards.
| 3M24 | 3M23 | 2023 | 2022 |
|---|
| Revenues | 27,203.51 | 27,959.67 | 109,131.00 | 113,262.66 |
| Expenses | 26,897.69 | 27,173.39 | 109,378.92 | 103,487.84 |
| Net Profit (Loss) | -124.07 | 392.78 | -1,398.17 | 7,937.74 |
| Assets | 61,960.92 | 59,112.41 | 62,500.98 | 65,234.20 |
| Liabilities | 36,649.22 | 30,056.41 | 37,188.56 | 36,569.83 |
| Shareholders' Equity | 25,122.34 | 28,885.05 | 25,134.35 | 28,501.72 |
| Operating | 1,842.95 | 2,085.61 | 3,234.65 | 10,734.79 |
| Investing | -936.97 | -676.36 | -4,426.06 | -2,004.40 |
| Financing | -379.51 | -5,534.17 | -3,202.58 | -3,331.83 |
| EPS (Baht) | -0.06 | 0.20 | -0.72 | 5.05 |
| GP Margin (%) | 10.83 | 12.70 | 10.00 | 19.32 |
| NP Margin (%) | -0.41 | 1.43 | -1.25 | 7.16 |
| D/E Ratio (x) | 1.45 | 1.03 | 1.47 | 1.28 |
| ROE (%) | -7.09 | 22.06 | -5.21 | 35.87 |
| ROA (%) | -1.15 | 14.35 | -0.37 | 16.74 |
Betagro has a vertically integrated business model that covers many aspects of the value chain for our products under 4 key principal strategies as follows:
- Double down on Thailand by aiming to be the agro-industrial and food business leader through the development of a mechanism which leverages Thai farmers’ sales and efficiency. This strategy also includes the expansion throughout the whole supply chain, including mid-stream protein business and down-stream business.
- Move closer to end consumers by focusing on developing new food products under Betagro brand and strengthening alliances with the Food Service group of customers through a digital platform
- Experiment in fast growing categories which will create potential for Betagro to identify opportunities and enter new businesses such as alternative protein, fresh-meat pet food and therapeutic pet food
- Become a regional champion by expanding Betagro’s businesses, searching for new alliances and applying its expertise for overseas business growth
Betagro has laid out a policy and procedures for sustainability management in line with the United Nations’ Sustainable Development Goals (SDGs). Under this policy and procedures, business operations are carried out based on environmental, social and governance (ESG) ethics for stakeholders throughout the entire supply chain. Betagro has specified the following two sides of its operations to take the lead in achieving a balance between profit, people and planet. For more detail, please visit: https://www.betagro-investor.com/en/downloads/one-reports
or Betagro’s sustainability website: https://www.betagro.com/en /sustainability/sustainability-at-a-glance
Betagro has 6 Investment Highlights as follows:
- World class branded food company by driving brand portfolio covers all customer segments including premium, standard and economy, certified through international standards
- Well positioned data driven sales and distribution systems strong digital system capability allows us to predict pricing movement and to maximize revenue through optimum channel selection
- Significant growth opportunities domestically and overseas by capturing market share through high value added products and increasing of capacity expansion and export destinations
- New S-curve opportunities by new venture building as additional growth engine for the business
- Efficient operating model by using Asset-light investment model, diversify and grow sustainably with the community
- Purpose-driven management team and board directors visionary and experienced management team
For the three months ended 31 March 2024, revenue from sales of goods and rendering of services was THB27,024 million, decreased by 2.6% YOY. This was mainly due to a decline in revenue from food and protein business. Gross profit was THB2,922 million, decreased by 14.0% YoY. Net loss was at THB124 million, a decrease of 131.6% YoY. This decreased was impacted by illegal pork smuggling which resulted in a significant decrease in domestic pork prices. However, the Company was able to control expenses efficiently in the situation.
1967 - Incorporation of Betagro Co., Ltd. (currently named Betagro Holding Co., Ltd. and is our major shareholder) and first feed factory in Samut Prakan
2006 - We launched pork products under the S-Pure brand for the premium market for the first time
2022 - We underwent Initial Public Offering (IPO) of common shares to raise capital and registered with SET in Agro & Food Industry under Food & Beverage Sector and launched our own alternative plant-based protein product under the brand Meatly!
2023 - BTG was selected to be included in the calculation of 4 stock indices: MSCI Global Small Cap, FTSE SET Mid Cap, SET100 and SETWB
Betagro recognizes the significance of risk management. Hence, the Company has put in place a corporate risk management framework while promoting a corporate culture of developing and maintaining risk management policies. For more detail, please visit: https://www.betagroinvestor.com/en/downloa ds/one-reports or Betagro’s corporate governance website: https://www.betagro .com/en/corporate-governance/corporate-policy
- Received "Thailand Top CEO of the Year 2023" award for 2 consecutive years, organized by BUSINESS+ and TU
- Received "Best Public Companies of the Year 2023" award agriculture industry sector, organized by Money & Banking
- Received "Thailand's Best Managed Companies 2023" award for 3 consecutive years, organized by Deloitte Thailand
- Received "FDA Quality Award 2023" for outstanding cosmetic and hazardous substances manufacturer, organized by FDA
- Received "National Innovation Awards for Innovative Organization Contribution for Large Business Groups" (Distinction Prize), organized by National Innovation Agency
- Received "SMEs Excellence Award 2023" (Silver Award) with "Singha Food Industries (Thailand) Co., Ltd" and "VRP Food and Bakery Co., Ltd"
| as of 29/03/24 | BTG | FOOD | SET |
|---|---|---|---|
| P/E (X) | - | 108.96 | 18.10 |
| P/BV (X) | 1.69 | 1.49 | 1.33 |
| Dividend yield (%) | 1.14 | 2.82 | 3.38 |
| 29/03/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 42,372.12 | 46,435.20 | 65,783.20 |
| Price (B/Share) | 21.90 | 24.00 | 34.00 |
| P/E (X) | - | 44.05 | 9.34 |
| P/BV (X) | 1.69 | 1.80 | 2.41 |
