1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Non-Alcoholic
Haad Thip Public Company Limited

Haad Thip Public Company Limited

HAATF
Haad Thip Public Company LimitedUS flagOther OTC
0.48
USD
- -
- -
194.45MMarket Cap
Haad Thip Public Company Limited
HAATF
(Other OTC)

Recent

price

0.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.76
9.92
11.79
12.03
13.06
13.34
14.32
14.23
14.32
16.99
15.99
16.22
25.95
19.42
20.23
- -
21.16
Revenue per Share
0.19
0.11
0.32
0.47
0.29
0.25
0.61
0.71
0.63
1.11
1.41
1.33
1.64
1.49
1.5
- -
1.45
Basic EPS, GAAP
0.52
-0.17
-0.65
-1.46
0.46
0.35
- -
1.24
0.73
1.3
1.87
1.28
0.7
0.95
0.31
- -
1.65
Free Cash Flow per Basic Share
0.06
0.11
0.05
0.15
0.2
0.15
0.28
0.36
0.5
0.6
0.88
0.97
1.15
0.96
1.04
- -
1.02
Dividend per Share
1.15
1.15
1.3
1.63
1.69
1.79
2.1
2.42
2.54
2.94
3.44
3.83
6.38
4.69
5.18
- -
5.97
Book Value per Share
3.14
3.17
3.19
3.79
3.81
5.85
6.16
6.64
6.65
7.18
8.47
8.86
14.02
9.66
10.17
- -
10.93
Tangible Book Value per Share
368
368
368
392
398
398
398
398
398
399
402
402
265
402
402
- -
402
Basic Weighted Avg Shares
3,229
3,655
4,345
4,708
5,205
5,316
5,704
5,671
5,704
6,776
6,425
6,518
6,874
7,806
8,130
8,258
8,508
Sales/Revenue/Turnover
-6.29
-7.27
-4.06
-5.07
2.55
1.61
4.88
5.64
5.26
7.37
10.1
9.84
8.73
9.64
9.33
9.09
8.94
Operating Margin (%)
125
133
142
158
198
200
236
267
288
297
318
328
334
355
404
475
479
Depreciation Expense
70
40
118
183
115
101
241
283
249
441
566
535
435
599
602
568
585
Net Income, GAAP
21.13
28.96
18.43
13.79
- -
4.39
2.93
5.77
7.63
7.62
10.66
15.18
16.08
16.46
19.72
18.72
18.78
Effective Tax Rate (%)
2.17
1.09
2.72
3.88
2.21
1.9
4.23
5
4.37
6.5
8.81
8.21
6.33
7.67
7.4
6.88
6.87
Profit Margin (%)
-5
-40
-27
126
165
141
53
-71
-116
117
221
280
61
-106
-422
-22
195
Working Capital
60
89
333
549
528
696
797
488
488
366
268
222
316
501
771
1,198
1,172
LT Debt
1,158
1,185
1,189
1,495
1,530
2,350
2,473
2,665
2,712
2,915
3,454
3,614
3,753
3,929
4,123
4,242
4,440
Total Equity
-12.95
-14.1
-9.25
-10.27
- -
2.89
7.94
8.57
7.88
12.93
15.45
13.49
11.74
13.75
12.19
10.95
10.83
Return on Invested Capital (%)
13.03
7.85
15.48
16.25
- -
8.28
15.99
17.39
15.39
25.36
32.09
28.76
20.68
24.85
21.6
17.53
17.43
Return on Capital (%)
16.54
9.4
26.27
32.81
17.62
14.57
31.12
31.49
25.24
40.36
44.32
36.64
26.93
33.47
30.33
26.52
25.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
423
304
131
LT Borrowings
1,020
1,063
1,049
LT Finance Leases
147
135
123
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
402
402
402
Market Capitalization
6,310
6,131
6,351

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,314
1,636
1,817
Cash, Cash Equivalents & STI
200
234
393
Accounts Receivable, Net
588
786
813
Inventories
415
440
476
Total Current Liabilities
1,417
1,657
1,622
Payables & Accruals
995
1,286
1,491
ST Debt
423
304
131
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.17%
4.2%
2.9%
Free Cash Flow
-2,662.84%
7.34%
95.69%
Net Income, GAAP
25.82%
1.67%
-5.56%
Sales/Revenue/Turnover
4.71%
5.24%
1.58%
Total Cash Common Dividend
24.29%
4.38%
-1.92%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,129
2,219
1,873
1,908
8,130
2025
2,100
1,938
2,042
2,178
8,258
2026
2,349
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.4
0.32
- -
1.5
2025
0.45
0.35
0.33
- -
- -
2026
0.49
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.56
0.48
- -
1.04
2025
- -
0.57
0.45
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Reed's, Inc. (REED)
PepsiCo, Inc. (PEP.SW)
Britvic plc (BTVCF)
EQ Energy Drink, Inc. (EQLB)
Lassonde Industries Inc. (LAS-A.TO)
NOHO, Inc. (DRNK)
Business
Haad Thip Public Company Limited manufactures and distributes sparkling and non-carbonated beverages under license from The Coca-Cola Company across 14 provinces in southern Thailand; core products include Coca-Cola, Coke Light, Coke Zero Sugar, Fanta, Sprite, Schweppes, Root Beer A&W, Minute Maid Splash, Minute Maid Pulpy, Minute Maid Vitamin Kids, Namthip drinking water, and Aquarius; the company also produces plastic bottles, semi-finished plastic bottles, and provides plastic bottle blowing services while operating a real estate development segment. Founded in 1969 and headquartered at 87/1 Kanchanavanich Road, Tambol Banphru, Songkhla, Thailand, Haad Thip serves consumer markets focused on refreshment, hydration, wellness, and social occasions through high-quality production adhering to The Coca-Cola Quality System. In September 2025, the company launched the Southern Recycling Alliance in partnership with Oxytech Co., Ltd. and Royce Universal Co., Ltd. to establish a reverse logistics system for collecting post-consumer PET bottles, producing recycled PET resin for new beverage packaging at its Surat Thani plant, targeting 100 tons in the first phase through June 2026; recent board resolutions in November 2025 approved connected transactions for service contracts, while 9M2025 results showed total sales growth supported by a 78.3% sparkling beverage market share in the south and 9.8% cooler volume increase.