1. Thailand Stocks

  2. •

    Consumer non-durables

  3. •

    Food: major diversified
Ichitan Group Public Co., Ltd.

Ichitan Group Public Co., Ltd.

13.80
THB
+0.40
(+2.99%)
0.98EPS
14.23P/E
18.20BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.99
5.09
4.88
4.11
4.38
4
4.1
3.92
4.02
4.88
6.19
6.61
6.22
6.31
Basic EPS, GAAP
0.68
0.89
0.63
0.28
0.24
0.03
0.31
0.4
0.42
0.49
0.85
1
1.02
0.98
Free Cash Flow per Basic Share
-0.49
-0.8
0.7
0.42
0.69
0.48
0.64
0.89
0.79
0.81
1.05
0.97
0.55
1.19
Dividend per Share
- -
0.54
0.75
0.5
- -
0.15
0.05
0.35
0.5
0.5
1.1
1.1
1.05
1.11
Book Value per Share
1.51
4.77
4.64
4.42
4.66
4.53
4.78
4.83
4.76
4.75
4.49
4.39
4.35
4.25
Tangible Book Value per Share
1.51
4.7
4.57
4.39
4.64
4.51
4.78
4.82
4.75
4.74
4.49
4.39
4.34
4.24
Basic Weighted Avg Shares
1,300
1,213
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,292
Sales/Revenue/Turnover
6,484
6,179
6,340
5,338
5,688
5,204
5,334
5,099
5,228
6,340
8,050
8,594
8,086
8,152
Operating Margin (%)
15.39
19.59
15.23
9.86
9.27
2.59
10.09
13.18
11.4
11.67
16.95
19.58
18.22
15.93
Depreciation Expense
267
370
488
513
523
570
574
592
584
570
570
573
600
607
Net Income, GAAP
884
1,079
813
368
315
44
407
516
547
642
1,100
1,306
1,328
1,271
Effective Tax Rate (%)
- -
- -
5.12
- -
- -
- -
- -
9.59
14.68
21.86
19.97
23.54
11.54
4.29
Profit Margin (%)
13.63
17.46
12.82
6.9
5.54
0.84
7.64
10.11
10.46
10.12
13.67
15.2
16.42
15.59
Working Capital
220
894
603
-346
-200
-155
350
793
1,127
1,516
1,982
2,166
2,525
2,589
LT Debt
3,351
1,780
1,492
1,043
767
541
325
214
73
65
55
39
70
66
Total Equity
1,968
6,195
6,032
5,751
6,056
5,885
6,220
6,279
6,191
6,170
5,842
5,711
5,653
5,520
Return on Invested Capital (%)
17.4
- -
10
- -
- -
- -
- -
7.38
7.72
9.15
17.8
21.8
22.51
21.64
Return on Capital (%)
20.57
- -
11
- -
- -
- -
- -
7.75
8.52
10.27
18.12
22.39
23.1
22.41
Return on Common Equity (%)
58.09
26.43
13.29
6.25
5.34
0.73
6.73
8.25
8.77
10.38
18.32
22.61
23.37
22.64

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17
18
17
LT Borrowings
- -
- -
- -
LT Finance Leases
70
70
66
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,300
1,300
1,300
Market Capitalization
17,420
15,990
18,200

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,531
4,034
3,818
Cash, Cash Equivalents & STI
598
1,566
732
Accounts Receivable, Net
2,087
1,624
2,167
Inventories
727
659
720
Total Current Liabilities
1,006
1,136
1,229
Payables & Accruals
989
1,118
1,207
ST Debt
17
18
17
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.59%
-2.06%
-1.02%
Free Cash Flow
3.48%
-5.98%
-43.28%
Net Income, GAAP
81.59%
23.05%
1.64%
Sales/Revenue/Turnover
3.2%
10.32%
-5.91%
Total Cash Common Dividend
- -
- -
-4.55%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,140
2,304
2,142
2,008
8,594
2025
1,746
2,264
2,135
1,942
8,086
2026
1,929
2,147
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.29
0.27
0.16
1
2025
0.19
0.31
0.28
0.24
1.02
2026
0.22
0.24
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.5
- -
0.6
1.1
2025
- -
0.49
0.56
- -
1.05
2026
- -
0.55
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Tan Passakornnatee
Full Time Employees
275
Sector
Consumer non-durables
Industry
Food: major diversified
Address
No. 8 T-One Building Bangkok BM Thailand 10110
IPO Date
Apr 21, 2014
Website
ichitangroup.com
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Business
Ichitan Group Public Company Limited manufactures and sells non-alcoholic beverages in Thailand and internationally through its subsidiary Ichitan Power Co., Ltd.; core products include ready-to-drink green tea under the ICHITAN Green Tea brand, herbal drinks under the Yen Yen by ICHITAN brand, green tea with chewy coconut cubes under the ICHITAN Chew Chew brand, fruit juices and jellies under the Bireley's by Ichitan brand, ready-to-drink black tea, and alkaline water; the company also offers OEM one-stop services with aseptic filling technology, cold aseptic filling, auto warehouse systems, and green factory production capabilities supporting up to 1.7 billion bottles annually across seven bottle lines and two UHT lines. Founded in 2010 and headquartered at No. 8 T-One Building, Soi Sukhumvit 40, Phra Khanong, Khlong Toei, Bangkok, Thailand, it operates primarily in the food and beverage industry targeting consumer markets via major distributors such as DKSH (Thailand) Co., Ltd., Boonrawd Asia Co., Ltd., and I Am Green Tea Co., Ltd., with export activities and a joint venture in Indonesia through PT Atri Pasifik. Recent developments include a capacity expansion to 1.7 billion bottles in first-quarter 2025, the launch of the Ichitan ReCircle closed-loop PET bottle recycling system in partnership with GC and environmental partners starting in Chiang Mai in May 2025, a bumper interim dividend of 0.55 baht per share announced in August 2025 alongside second-quarter profit results, Ichitan Alkaline Water receiving the Superior Taste Award 2025 from the International Taste Institute Brussels, and winning the THAISTAR Packaging Award 2024 for prototype packaging.