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    Food distributors
Saha Pathanapibul Public Co., Ltd.

Saha Pathanapibul Public Co., Ltd.

56.50
THB
+0.25
(+0.44%)
6.39EPS
9.14P/E
18.32BMarket Cap
Saha Pathanapibul Public Co., Ltd.
SET:SPC.R
(Stock Exchange of Thailand)

Recent

price

56.50

P/E

ratio

9.14

div

yld

1.42%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
69.21
76.38
79.63
82.53
81.95
88.52
99.9
95.79
99.63
99.93
98.32
102.64
107.61
115.86
124.81
124.77
122.36
Revenue per Share
2.36
2.92
3.01
3.23
3.79
4.25
4.13
4.51
5.28
5.18
5.18
5.32
4.98
6.83
8.25
8.04
6.07
Basic EPS, GAAP
0.75
2.31
-2.61
2.84
2.55
3.98
7.18
3.67
3.94
0.76
5.15
4.09
5.36
5.74
1.23
3.06
4.55
Free Cash Flow per Basic Share
0.65
0.75
0.9
1
1
1
1.1
1.81
1.51
1.61
1.02
2.21
1.51
1.62
2.22
2.43
0.8
Dividend per Share
23.06
24.65
28.97
29.87
35.43
37.36
41.21
48.95
52.13
55.22
71.57
72.62
74.83
80.01
82.32
86.12
90.4
Book Value per Share
23
24.59
28.83
29.73
35.28
37.25
41.1
48.84
52.01
55.12
71.47
72.52
74.72
79.89
82.19
85.98
90.27
Tangible Book Value per Share
318
318
318
320
325
330
330
330
330
330
330
328
327
327
328
330
330
Basic Weighted Avg Shares
22,039
24,321
25,356
26,434
26,618
29,189
32,968
31,612
32,878
32,978
32,399
33,681
35,178
37,885
40,978
41,157
40,378
Sales/Revenue/Turnover
3.27
3.31
3.96
4.19
4.95
4.9
4.66
5.77
5.49
5.5
5.66
5.64
4.56
5.94
6.37
6.42
6.84
Operating Margin (%)
154
163
167
130
124
151
130
144
156
159
169
174
159
176
186
223
237
Depreciation Expense
752
930
960
1,036
1,232
1,400
1,363
1,489
1,743
1,710
1,705
1,745
1,627
2,235
2,710
2,653
2,003
Net Income, GAAP
25.75
24.11
22.88
20.95
19.11
17.05
15.82
19.73
17.28
17.07
17.65
18.35
16.38
17.53
16.95
16.69
21.54
Effective Tax Rate (%)
3.41
3.82
3.79
3.92
4.63
4.8
4.13
4.71
5.3
5.18
5.26
5.18
4.62
5.9
6.61
6.45
4.96
Profit Margin (%)
1,136
1,333
1,943
2,258
3,177
3,513
4,241
3,648
3,861
3,463
4,195
3,913
4,050
5,750
5,692
7,941
8,020
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
7,344
7,883
9,262
9,699
11,502
12,341
13,720
16,310
17,364
18,415
23,714
24,092
24,745
26,628
27,509
28,920
30,376
Total Equity
9.51
12.01
8.8
10.93
11.61
11.83
8.28
8.57
8.89
9.64
8.16
7.33
6.21
8.31
9.59
9.25
8.33
Return on Invested Capital (%)
9.65
12.19
11.11
10.87
11.57
11.61
10.27
9.66
10.14
9.35
7.91
7.09
6.47
8.5
9.75
9.07
6.45
Return on Capital (%)
10.89
12.24
11.24
10.97
11.67
11.81
10.55
10.01
10.45
9.65
8.18
7.38
6.74
8.82
10.16
9.56
6.93
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
31
31
32
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
330
330
330
Market Capitalization
18,975
18,233
18,315

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,910
15,110
15,185
Cash, Cash Equivalents & STI
5,310
5,249
5,237
Accounts Receivable, Net
5,990
5,218
5,241
Inventories
1,028
1,102
1,144
Total Current Liabilities
7,970
7,251
7,165
Payables & Accruals
7,934
7,206
7,119
ST Debt
31
31
32
Deferred Revenue
4
13
14

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.17%
4.07%
5.13%
Free Cash Flow
62.33%
17.42%
148.83%
Net Income, GAAP
7.36%
10.41%
-2.1%
Sales/Revenue/Turnover
3.61%
4.94%
0.44%
Total Cash Common Dividend
16.64%
27.87%
9.85%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,737
10,195
10,415
10,630
40,978
2025
10,044
10,322
9,801
10,990
41,157
2026
9,549
10,038
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.7
3.2
1.3
2.06
8.25
2025
2.04
2.51
-0.33
2.09
8.04
2026
1.82
2.49
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.8
2.22
2025
- -
- -
- -
0.8
2.43
2026
- -
- -
- -
- -
- -
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Business
Saha Pathanapibul Public Company Limited engages in the distribution of consumer goods in Thailand and internationally. The company offers a broad portfolio of products including food and beverages such as instant noodles under the Mama brand, mineral water, yoghurt, coffee and other beverages; household products like concentrated liquid detergents under the Suea Sat brand; personal care items; and other consumer goods distributed through traditional trade retailers, wholesalers, modern trade outlets including superstores, supermarkets and convenience stores, as well as special channels. It also manufactures instant noodles, mineral water, yoghurt, coffee and beverage products, plastic packaging, and engages in real estate sales, office building rentals, asset leasing, internal and external service rendering, and investments in startup businesses. Founded in 1942 and headquartered in Bangkok, Thailand, the company operates primarily in the consumer non-cyclicals sector with a modern logistics network covering the country. In recent developments, it announced an equity buyback program for 9,900,000 shares, representing 3% of its capital, valued at THB 500 million.