1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Non-Alcoholic
Sermsuk Public Company Limited

Sermsuk Public Company Limited

SSC.BK
Sermsuk Public Company LimitedTH flagStock Exchange of Thailand
50.00
THB
- -
- -
13.30BMarket Cap
Sermsuk Public Company Limited
SSC.BK
(Stock Exchange of Thailand)

Recent

price

50.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
72.95
74.44
82.65
80.6
85.82
42.02
39.06
39.54
39.95
40.69
43.52
40.86
36.17
41.01
46.53
49.47
49.35
Revenue per Share
0.53
1.33
1.79
0.21
2.27
-1.24
1.08
-1.15
-0.87
-1.04
-1.7
0.64
0.31
0.05
0.93
1.52
1.52
Basic EPS, GAAP
-0.47
2.27
1.4
-0.71
4.19
-6.11
-6.04
-1.91
-0.52
-0.95
1.12
1.88
1.43
1.28
1.65
0.75
0.76
Free Cash Flow per Basic Share
0.9
0.75
1.99
1.25
0.75
2.51
- -
- -
- -
- -
- -
0.25
0.32
0.34
0.34
0.52
0.52
Dividend per Share
18.47
19.03
18.42
3.55
5.07
3.09
6.19
8.91
7.77
7.11
5.21
5.82
6.02
5.96
6.84
7.68
7.66
Book Value per Share
23.28
23.87
37.08
31.99
32.76
31.52
32.82
31.7
32.73
32.05
32.78
33.4
33.68
34.88
35.8
37.74
37.65
Tangible Book Value per Share
266
266
266
266
266
266
266
266
266
266
266
266
266
266
266
266
267
Basic Weighted Avg Shares
19,377
19,792
21,977
21,431
22,821
11,172
10,385
10,515
10,623
10,820
11,572
10,865
9,618
10,905
12,371
13,153
13,153
Sales/Revenue/Turnover
0.88
2.08
2.06
0.64
0.75
-8.1
-15.07
-11.46
-6.82
-6.92
-4.55
-1.45
-1.17
-1.25
-0.52
0.6
0.6
Operating Margin (%)
779
744
711
647
644
571
684
721
664
665
596
589
625
561
554
548
548
Depreciation Expense
140
354
477
55
605
-329
288
-305
-231
-278
-453
169
83
13
248
404
404
Net Income, GAAP
34.3
25.4
26.88
63.08
17.58
- -
- -
- -
- -
- -
- -
- -
51.62
92.65
21.7
10.65
10.65
Effective Tax Rate (%)
0.72
1.79
2.17
0.26
2.65
-2.94
2.77
-2.9
-2.17
-2.57
-3.91
1.56
0.87
0.12
2
3.07
3.07
Profit Margin (%)
2,311
2,657
2,311
1,910
1,800
-1,125
-137
-284
-47
74
352
725
1,003
1,213
1,605
1,694
1,694
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
258
301
297
246
246
LT Debt
6,227
6,388
9,905
8,546
8,729
8,403
8,745
8,447
8,724
8,541
8,734
8,897
9,001
9,315
9,553
10,065
10,065
Total Equity
1.77
4.85
4.04
0.54
1.62
- -
- -
- -
- -
- -
- -
- -
-0.6
-0.11
-0.52
0.69
0.69
Return on Invested Capital (%)
5.4
7.1
9.58
1.6
50.28
- -
- -
- -
- -
- -
- -
- -
5.07
0.69
12.29
18.06
18.06
Return on Capital (%)
5.4
7.1
9.58
1.89
52.78
-30.29
23.34
-15.18
-10.41
-14.04
-27.63
11.54
5.29
0.8
14.58
20.96
20.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
92
90
86
LT Borrowings
- -
- -
- -
LT Finance Leases
282
264
246
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
266
266
266
Market Capitalization
9,696
11,727
16,658

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
4,153
4,413
4,331
Cash, Cash Equivalents & STI
2,297
2,644
2,477
Accounts Receivable, Net
784
775
701
Inventories
782
777
900
Total Current Liabilities
2,454
2,634
2,637
Payables & Accruals
1,854
2,042
2,060
ST Debt
92
90
86
Deferred Revenue
465
465
465

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.85%
2.89%
5.36%
Free Cash Flow
-26.99%
1.59%
-54.29%
Net Income, GAAP
131.42%
329.76%
63.09%
Sales/Revenue/Turnover
1.96%
3.11%
6.32%
Total Cash Common Dividend
- -
3,279.68%
52.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,381
2,537
2,936
3,050
10,905
2023
2,875
2,939
3,412
3,146
12,371
2024
3,006
3,277
3,644
3,227
13,153

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.12
0.08
0.14
- -
0.05
2023
0.15
0.2
0.25
- -
0.93
2024
0.22
0.45
0.55
- -
1.52

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
0.34
- -
- -
0.34
2023
- -
0.34
- -
- -
0.34
2024
- -
0.52
- -
- -
0.52
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Business
Sermsuk Public Company Limited engages primarily in the production, distribution, and marketing of beverage products. Its core product portfolio includes carbonated soft drinks; beer; non-alcoholic beverages such as bottled water, energy drinks, herbal drinks, and fruit juices; along with other related beverage products. The company operates predominantly in Thailand but also serves markets in neighboring Southeast Asian countries. Founded in 1965 and headquartered in Bangkok, Sermsuk has established itself as a key player in the beverage industry, leveraging strong local brands and extensive distribution networks. In recent developments within the last 1-2 years, Sermsuk has undertaken strategic business expansions and partnerships to strengthen its product offerings and market reach. It has launched new beverage variants targeting health-conscious consumers, including low-sugar and functional drinks. The company has also engaged in collaborative ventures to enhance distribution channels and introduce innovative product lines, aligning with shifting consumer preferences. These moves reflect Sermsuk's broader strategy to diversify its product base and adapt to evolving market demands while maintaining its dominant position in the beverage sector. Sermsuk operates through multiple segments, including alcoholic beverages (primarily beer under well-known brands), carbonated soft drinks, and non-alcoholic beverages, catering to retail consumers, commercial buyers, and distributors. The company continues to evolve with expansions in product variety and strategic alliances in Thailand and the broader ASEAN region, supported by its long-standing presence and operational expertise since its establishment. Sermsuk is publicly traded with the ticker SSC.BK.