CPI : CHUMPORN PALM OIL INDUSTRY PUBLIC COMPANY LIMITED
9M/2024 (Jan - Sep 2024)
Business Overview

CPI is one of the leading manufactures for various kinds of palm oil products such as crude palm oil, crude palm kernel oil, RBD palm oil, RBD palm kernel oil and RBD palm olein for numerous applications in the food and non-food industry. CPI also supply RBD palm olein contained in the bottle, pouch and tin under "LEELA" brand for household consumes market. By products of commercial value include RBD palm stearin, palm fatty acid distillate and kernel meal which are sold to the animal food industry.

Financial Statement
9M24 9M23 2023 2022
Income Statement (MB)
Revenues 4,153.33 3,854.02 5,270.23 7,697.91
Expenses 3,820.94 3,666.38 5,061.02 7,311.98
Net Profit (Loss) 262.09 137.52 151.23 329.48
Balance Sheet (MB)
Assets 4,580.24 4,606.71 4,476.36 4,853.30
Liabilities 1,748.13 1,984.08 1,836.74 2,235.30
Shareholders' Equity 2,832.10 2,622.63 2,639.62 2,618.00
Cash Flow (MB)
Operating 337.72 584.49 734.94 153.88
Investing -78.70 -121.38 -154.44 -90.55
Financing -203.24 -441.27 -586.27 -94.63
Financial Ratio
EPS (Baht) 0.41 0.22 0.24 0.52
GP Margin (%) 14.96 12.09 11.01 10.17
NP Margin (%) 6.31 3.57 2.87 4.28
D/E Ratio (x) 0.62 0.76 0.70 0.85
ROE (%) 10.11 7.61 5.75 13.72
ROA (%) 7.50 5.28 4.47 8.75
Business Plan
Sustainable Development Plan
Business Highlight
Performance and Analysis
Business Performance Summary

Chumporn Palm Oil Industry Public Company Limited would like to report on the performance of the Company and its subsidiaries for the third quarter of the year 2024. The consolidated financial statement had a net profit of Baht 135.40 million, whereas in the same period as the previous year had a net profit of Baht 27.87 million. The Company and its subsidiaries had earnings before interest, tax and depreciation and amortization expenses for the third quarter of the year 2024 amounting Baht 212.14 million, which increased by Baht 129.39 million when compared with the same period of previous year. The main factor was the volume of fresh fruit bunch (FFB) in the third quarter of 2024 was higher than the same period of previous year.

Financial Performance Analysis

  1. The turnover was Baht 1,359 million during the third quarter of the year 2024, which was increased Baht 106 million or 8% from the same period of the previous year. The main reason was average selling price increased 41%.
  2. The cost of sales was Baht 1,102 million during the third quarter of the year 2024, which was decreased by Baht 7 million or 1% from the same period of previous year due to decrease in the average cost of direct materials, which resulted in the percentage of gross profit increased from 11% to 19%.
  3. The selling expenses were Baht 33 million during the third quarter of the year 2024, which were increased by Baht 1 million or 5%. The main reason was increased in Sales promotion and Marketing expenses.
  4.  The administrative expenses were Baht 68 million during the third quarter of the year 2024, decreased by Baht 2 million or 2%. The main reason was the decrease in hedging expenses.
Key Milestones
Risk Management Policy
Recent Awards and Recognitions
Revenue Structure
Crude Palm Oil 75.98% Others 24.02%
Stock Information
SET / AGRO / FOOD
Closing price CPI SET index 4.00 2.50 1.00 1490.00 1398.33 1306.67 1215.00 2-10-23 4-1-24 29-3-24 3-7-24 30-9-24
as of 30/09/24 CPI FOOD SET
P/E (X) 11.28 36.54 18.03
P/BV (X) 0.70 1.52 1.37
Dividend yield (%) 3.67 2.63 3.16
30/09/24 28/12/23 30/12/22
Market Cap (MB) 1,898.26 1,645.16 1,898.26
Price (B/Share) 3.00 2.60 3.00
P/E (X) 11.28 8.70 5.67
P/BV (X) 0.70 0.63 0.81
CG Report:
Major Shareholders
as of 30/09/2024
Chumporn Palm Oil Industry Public Company Limited (34.13%)
Bangkok Insurance Public Company Limited (5.13%)
Mr.Rangsan Tawintermsup (2.96%)
Mr.Kitti Chatlekhavanich (2.47%)
Thai NVDR Company Limited (2.18%)
Others (53.13%)
Company Information and Contact
http://www.cpi-th.com
0-2285-6370-2, 0-2679-9166
LUMPINI TOWER, FLOOR 30, 1168/91 RAMA IV ROAD, SATHON Bangkok 10120
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=CPI
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Published on 19/11/2024