1. Thailand Stocks

  2. •

    Consumer non-durables

  3. •

    Food: major diversified
Thaitheparos Public Co., Ltd.

Thaitheparos Public Co., Ltd.

41.25
THB
+0.25
(+0.61%)
2.23EPS
18.26P/E
14.67BMarket Cap
Thaitheparos Public Co., Ltd.
SET:SAUCE
(Stock Exchange of Thailand)

Recent

price

41.25

P/E

ratio

18.26

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
7.07
7.35
7.35
7.31
7.35
7.62
7.32
7.6
7.86
8.05
8.13
8.62
9.02
9.76
9.75
9.71
9.71
Revenue per Share
1.16
1.33
1.59
1.39
1.02
1.09
1.15
0.96
1.21
1.24
1.51
1.72
1.76
2.05
2.07
2.19
2.23
Basic EPS, GAAP
1.06
1.29
1.12
1.08
0.72
1.32
0.96
0.7
1.29
1.54
1.68
1.62
1.19
2.42
2.02
1.81
2.18
Free Cash Flow per Basic Share
1.01
1.05
1.22
1.33
1.35
1.1
1.15
1.15
1
0.99
1.15
1.25
1.6
1.65
1.72
1.79
- -
Dividend per Share
6.26
6.54
6.91
6.97
6.66
6.65
6.65
6.46
6.68
6.92
7.32
7.79
7.94
8.4
8.75
9.15
8.43
Book Value per Share
6.26
6.53
6.9
6.97
6.65
6.64
6.64
6.43
6.66
6.91
7.31
7.78
7.94
8.4
8.74
9.15
8.43
Tangible Book Value per Share
360
360
360
360
360
360
360
360
360
360
360
360
360
360
360
360
360
Basic Weighted Avg Shares
2,545
2,646
2,644
2,630
2,646
2,745
2,634
2,735
2,831
2,897
2,928
3,103
3,246
3,514
3,509
3,496
3,496
Sales/Revenue/Turnover
22.17
24.88
26.92
20.77
16.14
17.04
16.64
14.66
17.94
17.9
21.85
23.69
22.39
24.9
26.3
28
28.62
Operating Margin (%)
94
86
88
87
93
112
119
123
120
117
116
115
110
105
100
100
103
Depreciation Expense
418
478
573
500
368
392
415
345
437
446
543
619
632
740
744
789
803
Net Income, GAAP
27.62
30.36
23.37
20.14
20.22
20.44
19.87
19.24
19.33
19.39
19.61
19.72
20.12
20.09
20
20.01
19.97
Effective Tax Rate (%)
16.44
18.08
21.65
19.02
13.91
14.28
15.76
12.63
15.44
15.38
18.56
19.95
19.47
21.05
21.2
22.56
22.97
Profit Margin (%)
1,086
1,173
1,204
1,183
1,071
1,090
1,047
970
1,131
1,264
1,480
1,716
1,816
1,996
2,152
2,300
2,063
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,255
2,355
2,489
2,511
2,397
2,394
2,393
2,325
2,403
2,492
2,634
2,803
2,859
3,024
3,149
3,293
3,035
Total Equity
18.18
19.94
22.78
19.5
14.71
16.06
17.01
13.49
17.13
17.79
20.69
22.07
21.53
24.22
23.26
23.63
26.12
Return on Invested Capital (%)
18.79
20.76
23.65
20.01
15
16.36
17.34
14.64
18.49
18.2
21.2
22.76
22.32
25.14
24.1
24.49
27.14
Return on Capital (%)
18.79
20.76
23.65
20.01
15
16.36
17.34
14.64
18.49
18.2
21.2
22.76
22.32
25.14
24.1
24.49
27.14
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
360
360
360
Market Capitalization
13,950
14,850
14,670

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,579
2,885
2,354
Cash, Cash Equivalents & STI
1,444
1,749
1,267
Accounts Receivable, Net
425
424
373
Inventories
555
571
607
Total Current Liabilities
279
359
291
Payables & Accruals
279
359
291
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.57%
4.59%
Free Cash Flow
10.56%
9.38%
-10.3%
Net Income, GAAP
7.92%
7.93%
6.04%
Sales/Revenue/Turnover
2.5%
3.66%
-0.37%
Total Cash Common Dividend
- -
9.63%
4.07%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
895
856
862
896
3,509
2025
921
799
840
937
3,496
2026
895
824
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.55
0.5
0.47
0.55
2.07
2025
0.58
0.47
0.53
0.61
2.19
2026
0.58
0.51
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.72
2025
- -
- -
- -
- -
1.79
2026
- -
- -
- -
- -
- -
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Business
Thaitheparos Public Company Limited manufactures and distributes sauces and condiments in Thailand and internationally; its core products include seasoning sauces, distilled vinegar, chili sauces, ketchups, tomato sauces, oyster sauces, chicken sauces, light soy sauce, dark soy sauce, fermented soy sauces and Japanese soy sauces under the Golden Mountain, E Zeee and Kinzan Shoyu brands. The company, founded in 1954 and headquartered in Samut Prakan, Thailand, operates primarily in the consumer food products segment, targeting retail and foodservice customers across domestic and export markets. Formerly known as Thai Theparos Food Products Public Company Limited, it changed its name in April 2011 to reflect its expanded focus on sauces and seasonings. Recent developments include steady revenue growth to 3.56 billion baht in 2024 with net earnings of 744 million baht, alongside a consistent dividend payout yielding around 4.7% as of 2025, underscoring operational stability amid market expansions in organic and premium condiment categories.