Charoen Pokphand Foods Public Company Limited (CPF) operates an integrated agro-industrial and food business. With the goal of creating food security under the vision of being the "Kitchen of the World" with sustainable growth, it has production bases through investments and joint ventures in 17 countries worldwide. The company is committed to developing and delivering nutritious and palatable products to consumers. With production processes and operations that maintain a balance between economic success and creating shared value with all stakeholders based on good corporate governance.
| 3M25 | 3M24 | 2024 | 2023 |
|---|
| Revenues | 145,306.42 | 141,102.21 | 585,467.81 | 590,786.78 |
| Expenses | 129,971.05 | 135,288.20 | 548,763.16 | 581,427.31 |
| Net Profit (Loss) | 8,549.18 | 1,152.03 | 19,558.13 | -5,207.35 |
| Assets | 897,603.24 | 904,756.39 | 876,723.93 | 887,217.85 |
| Liabilities | 587,906.93 | 609,667.72 | 583,500.39 | 602,184.76 |
| Shareholders' Equity | 261,425.97 | 248,425.30 | 246,040.67 | 239,416.23 |
| Operating | 22,872.24 | 14,452.99 | 65,140.04 | 35,360.10 |
| Investing | -4,864.04 | -2,739.18 | -14,492.72 | -19,616.02 |
| Financing | -9,258.42 | -10,711.79 | -50,289.01 | -19,282.47 |
| EPS (Baht) | 1.07 | 0.11 | 2.39 | -0.75 |
| GP Margin (%) | 18.50 | 12.00 | 14.64 | 10.45 |
| NP Margin (%) | 6.63 | 1.10 | 3.81 | -0.43 |
| D/E Ratio (x) | 1.90 | 2.07 | 1.99 | 2.11 |
| ROE (%) | 10.57 | -0.54 | 8.06 | -2.10 |
| ROA (%) | 7.02 | 3.11 | 5.96 | 2.60 |
The company has established a globalization strategy by leveraging its expertise in a fully integrated agricultural business model to invest in various countries. Simultaneously, the company employs a value-added business strategy by enhancing nutritional value for consumers, responding to evolving consumer behavior, and developing and expanding distribution channels to ensure widespread product accessibility. Furthermore, the company's strategy includes fostering innovation for operational efficiency and utilizing digital transformation to maintain competitive costs, thereby elevating its competitiveness to the forefront of the industry. In addition, the company prioritizes sustainable operations, balancing economic success with value creation for all stakeholders, including the responsible utilization of resources, under the philosophy of sufficiency economy and the Charoen Pokphand Group's 3-Benefit Sustainability Philosophy, which aims to create benefits for the country, the people, and the company, based on good corporate governance.
For further Information can be found in the company's 2024 SustainabilityReport (https://www.cpfworldwide.com/th/sustainability/report)
The company's integrated agro-industrial and food business can be categorized by product type into 3 categories: 1) Feed business, including the production and distribution of animal feed; 2) Farm-Processing business, including animal breeding, commercial livestock farming, and basic meat processing; and 3) Food business, including the production of semi-cooked and cooked processed meats, and the production of ready-to-eat meals, as well as the restaurant business.
The Company’s sales revenue in Q1/2025 amounted to THB 144,175 million, with 62% from international operations and 38% from Thailand operations. Sales revenue increased by 3% compared to the same period of last year. Excluding the impact of foreign exchange rate, sales revenue would have increased by approximately 8% , primarily due to increased revenue from Thailand, Cambodia, the Philippines, and China.
The Company’s net profit in the Q1/2025 amounted to THB 8,549 million, a 642% increase compared to THB 1,152 million in Q1/2024 due to the follows:
- Swine prices in Vietnam, the Philippines, Cambodia, and Thailand have increased compared to 2024 due to the industry's adjustment from previous oversupply conditions. Additionally, the swine supply has decreased due to disease outbreaks in multiple countries since late 2024.
- Reduced cost of animal farming due to improved farming efficiency and better supply chain management for raw materials
- Improved operational efficiency resulting from the recovery of the supply chain and effective cost control
- The share of profit from associates and joint ventures amounted to THB 3,443 million, an increase of 92%, mainly driven by the improved performance of an associate in China involved in animal feed and swine operations, CP All Public Company Limited, and an associate in Canada.
-The Company has canceled 6,606,000 treasury shares, which constitutes 0.08% of the total issued and paid-up shares. These shares were repurchased as part of the company's share repurchase program for financial management. Following this capital reduction, the total number of issued and outstanding shares decreased from 8,413,568,585 to 8,406,962,585 shares.
-The Company and Bangchak Group, in collaboration with prominent Thai private companies and the Thai Food Processors' Association, has signed a Memorandum of Understanding (MOU) with the Ministry of Industry. This agreement aims to promote the expansion of sustainable aviation fuel production by creating a supply chain management network for Used Cooking Oil to support alternative energy initiatives.
More information can be found in the company's 2024 Annual Report (Form 56-1 One Report).
(https://www.cpfworldwide.com/th/investors/report-56-1)
- Best Sustainability Report in Asia Award: received the Gold Award for Human Rights for the 5th consecutive year.
- Thailand's Most Admired Company 2024–2025 awarded from BrandAge Magazine ; received 3 awards, including Most Admired Company in the Food Business, 2025 Thailand's Most Admired Brand ,and the Market Leader Brand Award.
- Gold Medal for Public Health Food Products awarded from the Vietnam Functional Food Association: Awarded to kombucha and probiotic products under the Biohealth brand, produced by C.P. Vietnam Corporation Ltd.
| as of 31/03/25 | CPF | FOOD | SET |
|---|---|---|---|
| P/E (X) | 10.03 | 12.30 | 15.78 |
| P/BV (X) | 0.80 | 1.26 | 1.10 |
| Dividend yield (%) | 4.20 | 4.86 | 4.37 |
| 31/03/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 200,242.93 | 191,829.36 | 164,905.94 |
| Price (B/Share) | 23.80 | 22.80 | 19.60 |
| P/E (X) | 10.03 | 12.12 | - |
| P/BV (X) | 0.80 | 0.78 | 0.68 |
