1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Food Distribution
Saha Pathanapibul Public Company Limited

Saha Pathanapibul Public Company Limited

SPC.BK
Saha Pathanapibul Public Company LimitedTH flagStock Exchange of Thailand
55.50
THB
- -
- -
18.32BMarket Cap
Saha Pathanapibul Public Company Limited
SPC.BK
(Stock Exchange of Thailand)

Recent

price

55.50

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
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
123.22
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
6.09
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
4.84
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
11.74
13.86
15.97
18.07
20.63
23.69
26.7
29.33
33.11
36.65
41.19
44.64
47.92
52.93
58.69
63.87
65.69
Book Value per Share
23
24.69
28.95
30.15
35.26
37.33
41.46
49.31
52.5
55.7
71.86
73.31
75.59
81.31
83.66
87.54
90.37
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
40,662
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
6.71
Operating Margin (%)
154
163
167
130
124
151
130
144
156
159
169
174
159
176
186
223
230
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
2,008
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
21.3
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
4.94
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
7,859
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
29,866
Total Equity
6.8
7.89
8.93
9.21
10.01
9.92
9.94
9.75
8.85
8.41
7.16
6.48
5.48
7.19
7.95
7.76
7.35
Return on Invested Capital (%)
17.25
22.64
19.85
18.78
19.46
18.87
15.89
15.46
16.3
14.3
12.76
11.79
10.22
12.97
14.13
12.4
8.95
Return on Capital (%)
21.71
22.82
20.21
19.05
19.73
19.3
16.4
16.11
16.92
14.85
13.29
12.37
10.73
13.55
14.82
13.15
9.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
30
31
31
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
330
330
330
Market Capitalization
19,130
18,965
18,232

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
15,392
15,910
15,110
Cash, Cash Equivalents & STI
5,218
5,310
5,249
Accounts Receivable, Net
5,198
5,990
5,218
Inventories
1,064
1,028
1,102
Total Current Liabilities
8,043
7,970
7,251
Payables & Accruals
7,997
7,934
7,206
ST Debt
30
31
31
Deferred Revenue
15
4
13

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.22
2025
- -
- -
- -
- -
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.