Mc Group is a leading fashion and lifestyle company in Thailand, with over 49 years of expertise in apparel and retail distribution under the "Mc Jeans" brand. The company operates an integrated business model, covering design, manufacturing, and retail. It has a strong distribution network through its own stores, modern trade channels, and online platforms to meet the diverse needs of its customers.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 4,107.14 | 3,691.84 | 2,947.39 | 3,246.31 |
| Expenses | 3,181.85 | 2,877.62 | 2,337.11 | 2,702.04 |
| Net Profit (Loss) | 713.16 | 643.63 | 485.76 | 445.71 |
| Assets | 5,569.01 | 5,371.39 | 5,062.00 | 5,214.20 |
| Liabilities | 1,828.13 | 1,649.94 | 1,387.41 | 1,611.65 |
| Shareholders' Equity | 3,740.12 | 3,719.00 | 3,664.91 | 3,591.46 |
| Operating | 936.77 | 739.92 | 901.32 | 721.46 |
| Investing | -105.18 | -464.19 | -114.20 | -11.69 |
| Financing | -881.99 | -749.47 | -558.73 | -582.78 |
| EPS (Baht) | 0.90 | 0.81 | 0.61 | 0.56 |
| GP Margin (%) | 64.21 | 64.83 | 64.73 | 59.60 |
| NP Margin (%) | 17.36 | 17.43 | 16.42 | 13.73 |
| D/E Ratio (x) | 0.49 | 0.44 | 0.38 | 0.45 |
| ROE (%) | 19.12 | 17.43 | 13.39 | 12.43 |
| ROA (%) | 16.89 | 15.56 | 11.90 | 11.88 |
Mc Group's business plan focuses on fostering stable and sustainable growth by leveraging its expertise and leadership in Thailand's jeans market, as well as its deep understanding of the physique and needs of Thai consumers. The company places great importance on developing high-quality products at reasonable prices, coupled with excellent customer service. Additionally, it has expanded its product portfolio to include a variety of items such as clothing, shoes, and bags, while also extending its distribution channels both offline and online to reach a wider customer base. The company is also expanding its customer reach through online channels and collaborations with influencers on social media to increase brand awareness and enhance customer experience.
Moreover, the company continues to focus on efficient internal management, from sourcing materials, product quality control and production to distribution. It utilizes data and new innovations to meet the rapidly changing market demands. The company also aims to expand its distribution channels both domestically and internationally to strengthen long-term growth.
Mc Group commit to embeding sustainability into its core operations by balancing "Profit, People, and Planet". Its sustainable development plan includes reducing environmental impact of production processes, ensuring supply chain transparency and fair labor practices. The company adheres to international standards i.e. ISO9001 for quality management and ISO27001 for information security. Mc Group aims to further reduce its carbon footprint through investments in energy-saving initiatives, sustainable materials, and comprehensive waste management strategies. The company also emphasize on human rights and social responsibility, focusing on employee welfare, community development and responsiveness to the needs of stakeholders throughout the supply chain to create sustainable value and returns.
- Mc Group is Thailand's leading apparel brand, with significant brand recognition for "Mc Jeans."
- Known for its high-quality products and a diverse range of items that cater to consumers of all genders and ages.
- Strong retail presence with over 500 stores nationwide and strategic partnerships with key retail players.
- Expanding e-commerce platform with rapid growth in online sales driven by shifting consumer preferences.
- Its strong financial position and effective cost management, enables to navigate economic fluctuations successfully.
Fiscal Year 2024
Revenue: The company achieved total sales revenue of THB 4,054 million, an increase of 10.5% compared to last year from resurgence of purchasing power in offline channels, expansion of branches, and growth in online sales.
Cost of Sales: The gross profit stood at THB 2,603 million, an increase of 9.4%. Gross profit margin was 64.2%, down from 64.8% due to promotional activities aimed at boosting sales.
Selling and Administrative Expenses: Total expenses THB 1,731 million, an increase of 9.1% due to higher sales and expansion. The expense-to-sales ratio was 42.7%, down from 43.2% last year.
Net Profit: Net profit of THB 713 million, an increase of 10.8%, with a net profit margin of 17.3%, close to the previous year.
Fiscal Year 2024
- Brand Ambassador Launch: Mc Jeans introduced its brand ambassador, Ananda Everingham, along with the launch of the popular Mc3109, The Original Straight jeans model.
- New Warehouse: The company activated "Mc Fulfilment Center," covering over 10,000 Sq.M, enhancing efficiency.
- Flagship Store Openings: 4 new flagship stores were opened at Central Westgate, Future Park Rangsit, Mega Bangna, and Fashion Island to better meet customer needs.
The company has developed and implemented an Enterprise Risk Management (ERM) Policy and framework. This policy is applied throughout the organization, from the corporate level to operational levels, with the aim of managing risks to an acceptable level. The company has adopted the international standards of COSO ERM 2017: Enterprise Risk Management - Integrating with Strategy and Performance for its risk management practices. The company's Business Risk Management process comprehensively considers various aspects, including strategic risks, operational risks, financial risks, compliance risks, and emerging risks.
- Received the SET ESG Ratings of “AA” for the year 2023 from the Stock Exchange of Thailand.
- Achieved the "Excellent" Corporate Governance Report (CGR) for five consecutive years from the IOD.
- Continuously certified as a member of the Thai Private Sector Anti-Corruption Coalition (CAC Certification) since 2019.
- Awarded the Sustainability Disclosure Acknowledgement for 2021-2023 by the Thai Institute of Directors.
- Honored with the “Outstanding Sustainable Organization in Thai Capital Market for Supporting Persons with Disabilities” award for 2022 from the SEC
- Received the Best Operational Performance award at the Shopee Brand Conference 2022
- Awarded Consumer Choice at the Shopee Brand Conference 2021 in the fashion apparel brand category.
- Recognized for Outstanding Company Performance at the SET Awards 2017 by the Stock Exchange of Thailand.
| as of 28/06/24 | MC | COMM | SET |
|---|---|---|---|
| P/E (X) | 12.08 | 24.81 | 17.05 |
| P/BV (X) | 2.33 | 1.80 | 1.22 |
| Dividend yield (%) | 7.64 | 2.31 | 3.53 |
| 28/06/24 | 30/06/23 | 30/06/22 | |
|---|---|---|---|
| Market Cap (MB) | 8,395.20 | 9,900.00 | 7,484.40 |
| Price (B/Share) | 10.60 | 12.50 | 9.45 |
| P/E (X) | 12.08 | 15.30 | 19.63 |
| P/BV (X) | 2.33 | 2.74 | 2.11 |
