1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Malee Group Public Company Limited

Malee Group Public Company Limited

MALEE.BK
Malee Group Public Company LimitedTH flagStock Exchange of Thailand
4.18
THB
+0.04
- -
2.28BMarket Cap
Malee Group Public Company Limited
MALEE.BK
(Stock Exchange of Thailand)

Recent

price

4.14

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
10.1
13.04
21.99
18.17
17.22
19.33
23.36
21.13
19.3
17.83
14.02
20.47
22.65
14.42
15.49
14.38
14.8
Revenue per Share
0.38
0.81
1.96
1.02
1.11
1.19
1.89
1.02
-1.03
-0.76
-0.73
-0.41
-0.73
0.15
0.56
0.36
0.28
Basic EPS, GAAP
0.14
0.83
0.56
-0.73
-0.45
1.42
0.28
-0.96
- -
0.98
0.61
0.52
0.35
0.55
0.53
0.21
0.17
Free Cash Flow per Basic Share
- -
- -
0.22
0.76
0.52
0.56
0.72
0.87
0.25
- -
- -
- -
0.04
- -
- -
0.1
- -
Dividend per Share
-1.87
-0.7
2.22
2.47
2.88
3.69
4.84
4.99
3.04
2.45
1.77
1.36
1.07
0.92
1.48
1.72
1.81
Book Value per Share
1.4
2.05
2.66
2.83
3.47
4.3
5.48
5.63
2.85
2.52
4.78
4.67
4.34
3.47
4.09
4.33
4.49
Tangible Book Value per Share
280
280
280
280
277
279
280
280
277
276
276
276
289
546
546
546
530
Basic Weighted Avg Shares
2,829
3,650
6,157
5,088
4,771
5,389
6,541
5,916
5,339
4,921
3,870
5,650
6,537
7,871
8,456
7,848
7,850
Sales/Revenue/Turnover
2.81
7.31
12.78
7.75
8.73
7.92
11.15
6.06
-6.14
-3.76
-4.51
0.44
0.98
2.76
5.61
4.42
3.54
Operating Margin (%)
46
50
61
78
82
92
144
181
231
268
286
271
263
264
281
262
261
Depreciation Expense
106
228
549
287
307
331
530
286
-286
-210
-201
-114
-210
80
308
197
147
Net Income, GAAP
- -
- -
29.01
26.56
19.57
19.91
19.39
13.95
- -
- -
- -
- -
- -
54.47
19.26
36.46
42.53
Effective Tax Rate (%)
3.76
6.24
8.92
5.64
6.43
6.14
8.1
4.83
-5.36
-4.26
-5.19
-2.02
-3.21
1.02
3.64
2.52
1.87
Profit Margin (%)
-655
-370
-9
-10
-37
203
-95
-203
-712
-814
-814
-622
-640
170
663
861
836
Working Capital
8
8
6
5
83
74
97
332
656
584
975
1,036
956
916
845
656
600
LT Debt
392
575
762
832
1,016
1,254
1,579
1,612
1,160
1,030
1,551
1,544
1,497
2,114
2,433
2,533
2,553
Total Equity
9.42
33.98
60.95
23.48
18.41
15.84
23.72
9.87
- -
- -
- -
- -
- -
2.51
9.84
5.65
4.05
Return on Invested Capital (%)
-151.17
-482.1
129.15
28.55
20.84
18.72
24.78
10.56
- -
- -
- -
- -
- -
5.4
15.41
10.83
8.43
Return on Capital (%)
- -
- -
- -
43.71
41.22
36.25
44.47
20.76
-25.59
-27.63
-34.44
-26.36
-61.25
19.77
47.08
22.57
15.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
847
729
699
LT Borrowings
565
540
485
LT Finance Leases
115
116
116
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
546
546
546
Market Capitalization
3,102
2,285
2,238

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,721
2,754
2,628
Cash, Cash Equivalents & STI
217
243
225
Accounts Receivable, Net
1,386
1,419
1,374
Inventories
984
960
923
Total Current Liabilities
1,926
1,894
1,792
Payables & Accruals
1,020
1,100
1,031
ST Debt
847
729
699
Deferred Revenue
35
45
41

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.62%
11.37%
4.11%
Free Cash Flow
-61,101.33%
17.67%
-60.57%
Net Income, GAAP
-6.56%
30.28%
-35.93%
Sales/Revenue/Turnover
5.52%
16.47%
-7.18%
Total Cash Common Dividend
- -
- -
394.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,195
2,180
2,076
2,004
8,456
2025
1,820
2,004
2,029
1,995
7,848
2026
1,822
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.19
0.11
- -
0.56
2025
0.13
0.15
0.04
- -
0.36
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
- -
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Business
Malee Group Public Company Limited manufactures and distributes beverages and canned fruits in Thailand and internationally; its core operations encompass branded products including UHT and pasteurized fruit juices, veggie juices, coconut water, canned fruits, milk, tea, coffee, and drinking water under the Malee brand and sub-brands such as Malee Tropical, Malee Coco, Malee Fruit Fresh, Malee Homestyle, Malee i-Corn, First Choice, Farmer, Farm Chokchai, Good Water, Bidrico, A’nuta, Restore, Bi-nest, Yobi, and Bi-coffee; these products are packaged in cans, UHT boxes, pasteurized boxes, pouches, PET bottles, and carbonated PET bottles. The company also provides contract manufacturing services for domestic and international clients across fruit juices, tea, coffee, dairy products, and drinking water from production bases in Sam Phran (Nakhon Pathom Province), Pak Chong (Nakhon Ratchasima Province), and Vietnam; additionally, it operates a dairy farm in Bueng Kan Province producing raw milk and offers real estate rental for office space. Founded in 1978 and headquartered in Lam Luk Ka, Thailand, Malee Group serves consumer markets through retail, food service, and export channels primarily in Asia including South Korea, China, Cambodia, and Vietnam. Recent developments include the 2022 merger with Abico Holdings Public Company Limited, which integrated dairy manufacturing capabilities, expanded production for one-stop OEM services, reduced workforce by 1,400 employees, and lowered SG&A-to-sales ratio to 14.2% in 2024 while driving net profit growth to THB308 million; in 2025, the company launched Malee Power Plants with InnoGut technology combining prebiotics and postbiotics for gut health, introduced Malee COCO LIPOSOS in partnership with 7-Eleven featuring Chromium, L-Carnitine, and Potassium, and appointed Chinese actor Zhang Ling He as Asia Pacific Brand Ambassador for Malee COCO to boost premium coconut water sales in China.