Financial Analysis of Thai Beverage Public Company Limited: Net Profit Growth Analysis

Business Description

Thai Beverage Public Company Limited operates primarily in the production and distribution of alcoholic and non-alcoholic beverages as well as food products. The company is segmented into Spirits, Beer, Non-Alcoholic Beverages, Food, and Others, with a significant geographic footprint in Thailand, Vietnam, and Malaysia, among other countries.

Industry Position and Market Share

Thai Beverage is a leading player in the beverage industry, particularly in Southeast Asia. While specific market share figures are not provided, the company’s extensive brand portfolio and regional presence suggest a competitive position. Key competitors likely include other major beverage producers in the region.

Revenue Streams and Customer Base

The company’s revenue streams are diversified across spirits, beer, non-alcoholic beverages, and food, catering to a broad customer base. This diversification provides a competitive advantage by mitigating risks associated with any single product line.

Financial Statement Analysis

Income Statement

The company’s profit for the year ending 30 September 2024 was THB 35,270 million, showing an increase from the previous year’s THB 35,063 million [[9]]. This growth in net profit indicates steady financial performance.

Balance Sheet

As of 30 September 2024, Thai Beverage’s total assets stood at THB 612,395 million, with total liabilities of THB 298,537 million [[7]]. The company’s strong asset base supports its operational capabilities and financial stability.

Cash Flow Statement

The company reported net cash from operating activities of THB 39,102 million for 2024, indicating robust cash generation from its core business operations [[15]].

Important Information for Investors

Dividends

The company proposed a total dividend of THB 0.60 per share for 2024, which includes an interim dividend of THB 0.15 per share [[121]].

Profitability Improvement Actions

The company completed a significant business restructuring under common control, including a share swap transaction, which is expected to enhance operational efficiency [[54]].

Strengths and Risks

Key strengths include a diversified revenue base and strong market position in Southeast Asia. However, risks may arise from fluctuations in foreign exchange rates and potential regulatory changes in key markets.

Recommendations

For Current Investors

If you currently hold Thai Beverage shares, it may be prudent to continue holding them due to the company’s stable financial performance and dividend payout.

For Potential Investors

If you do not currently hold shares in Thai Beverage, consider investing due to its strong market position and consistent profitability. However, evaluate your risk tolerance in light of potential market fluctuations.

Disclaimer

This analysis is based on the financial report provided and is not a substitute for professional investment advice. Please consider your investment objectives and consult with a financial advisor before making investment decisions.

View ThaiBev Historical chart here