1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
Thai Beverage Public Company Limited

Thai Beverage Public Company Limited

TBVPY
Thai Beverage Public Company LimitedUS flagOther OTC
33.46
USD
- -
- -
8.41BMarket Cap
Thai Beverage Public Company Limited
TBVPY
(Other OTC)

Recent

price

33.46

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
479.78
526.43
641.35
620.35
645.32
685.18
554.17
756.66
914.72
1,064.57
1,009.24
957.62
1,084.19
1,325.15
1,354.22
1,326.25
1,047.5
Revenue per Share
42.02
47.91
113.47
76.19
86.39
105.39
75.35
137.43
71.45
92.67
90.59
98.11
119.85
109.19
108.31
100.92
93.78
Basic EPS, GAAP
48.08
35.65
59.19
52.66
78.1
73.13
61.64
95.64
59.11
130.05
129.86
113.5
165.26
120.78
114.45
128.8
110.11
Free Cash Flow per Basic Share
33
35
36
42
45
61
66
60
62
39
43
51
50
60
60
62
15.07
Dividend per Share
221.36
231.25
308.68
350.94
391.88
436.06
457.39
524.18
533.54
578.69
628.46
676.32
745.07
794.37
841.64
879.55
604.28
Book Value per Share
213
222.24
309.04
360.85
387.59
445.58
463.31
499.55
-153.36
-134.58
-56.02
58.44
173.4
361.89
121.52
108.62
-101.28
Tangible Book Value per Share
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
250
Basic Weighted Avg Shares
120,472
132,187
161,044
155,771
162,040
172,049
139,153
189,997
229,695
267,357
253,481
240,543
272,359
332,931
340,289
333,286
261,829
Sales/Revenue/Turnover
12.48
13.12
14.35
13.62
14.51
13.71
14.38
14.57
11.09
11.86
13.65
14.04
14.17
11.9
12.47
12.32
12.44
Operating Margin (%)
4,542
3,426
3,929
3,933
3,986
4,400
3,293
4,308
6,086
6,635
6,565
7,831
7,761
10,028
10,201
10,346
6,609
Depreciation Expense
10,551
12,031
28,493
19,130
21,694
26,463
18,920
34,510
17,943
23,272
22,752
24,645
30,106
27,434
27,216
25,361
23,440
Net Income, GAAP
28.01
30.76
15.18
18.23
17.52
14.56
16.06
12.89
18.65
16.7
20.85
14.49
13.61
14.98
18.01
18.44
18.39
Effective Tax Rate (%)
8.76
9.1
17.69
12.28
13.39
15.38
13.6
18.16
7.81
8.7
8.98
10.25
11.05
8.24
8
7.61
8.95
Profit Margin (%)
16,821
23,937
16,556
23,494
10,032
15,037
17,285
8,250
37,510
28,509
-4,438
-176
21,564
20,162
36,356
42,935
-11,269
Working Capital
600
11,200
88,146
55,343
27,555
25,883
27,089
10,000
216,804
197,975
152,805
156,545
157,789
167,480
176,968
189,368
154,595
LT Debt
56,880
63,202
84,971
97,993
104,676
119,266
123,712
132,719
155,470
150,322
179,405
210,176
249,389
313,037
229,055
215,820
169,526
Total Equity
15.53
15.71
14.2
9.64
11.89
12.39
9.91
13.82
7.31
6.91
7.06
6.86
7.32
6.53
6.71
7.17
6.82
Return on Invested Capital (%)
15.92
17.07
21.97
12.27
14.96
17.92
12.1
20.63
7.06
6.6
6.17
6.57
7.07
6.15
5.67
4.98
6.44
Return on Capital (%)
18.95
21.17
42.03
23.1
23.26
25.46
16.87
28
13.51
16.66
15.01
15.04
16.86
14.19
13.24
11.73
16.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'19
Dec'20
Mar'20
ST Debt
21,608
14,620
67,695
LT Borrowings
197,975
198,131
154,595
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25,114
25,114
25,116
Market Capitalization
400,817
388,903
318,119

Working Capital

FRC

•

in mil. unless spec.
Sep'19
Dec'20
Mar'20
Total Current Assets
77,318
80,362
84,047
Cash, Cash Equivalents & STI
24,362
27,520
25,633
Accounts Receivable, Net
5,094
5,921
6,149
Inventories
42,876
41,970
46,505
Total Current Liabilities
48,809
44,884
95,316
Payables & Accruals
- -
- -
- -
ST Debt
21,608
14,620
67,695
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.29%
5.74%
-5.78%
Free Cash Flow
13.46%
2.69%
12.55%
Net Income, GAAP
4.73%
2.8%
-6.82%
Sales/Revenue/Turnover
8%
6.1%
-2.06%
Total Cash Common Dividend
1.57%
8.01%
3.34%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85,832
- -
- -
- -
340,289
2025
85,352
- -
- -
- -
333,286
2026
86,516
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27.7
- -
- -
- -
108.31
2025
26.8
- -
- -
- -
100.92
2026
29.33
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
60
2025
- -
- -
- -
- -
62
2026
- -
- -
- -
- -
- -
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Business
Thai Beverage Public Company Limited Thai Beverage Public Company Limited (TBVPY) is Thailand's largest beverage company and one of Southeast Asia's leading producers of alcoholic and non-alcoholic beverages, along with food products; its core offerings span spirits including Thai brown spirits such as SangSom rum and Mekhong, Thai white spirits like Ruang Khao, whisky brands such as Hong Thong and Mungkorn Thong, Chinese herbal spirits, and international spirits like Scotch whisky, vodka, gin, and liqueurs produced at distilleries in Thailand, the UK, and China; beer brands encompassing Chang Classic, Archa, and Federbräu, as well as Saigon Beer and 333 from its Sabeco subsidiary in Vietnam; non-alcoholic beverages comprising energy drinks, ready-to-drink coffee, Oishi green tea, Est cola, soda water, mineral water, and dairy products; and food items such as Thai, Chinese, ASEAN, and Western cuisine, bakery, and ice cream under Magnolia and other brands. The company operates 19 distilleries, three breweries, and 31 non-alcoholic beverage plants primarily in Thailand, with significant presence across Southeast Asia, Europe, and over 90 countries worldwide, targeting consumer markets through an extensive distribution network exceeding 600,000 points of sale in Thailand alone. Founded in 2003 and headquartered at 14 Vibhavadi Rangsit Road, Chomphon Sub-district, Chatuchak District, Bangkok, Thailand, Thai Beverage maintains strategic cross-ownership with Fraser and Neave Limited (F&N), having raised its stake to 69.6% via a 2024 share-swap with TCC Assets to consolidate as a pure-play food and beverage entity focused on halal markets, non-alcoholic growth, and Asian herbal drinks; it announced a THB 18 billion expansion plan in 2025 for non-alcoholic beverages, dairy, food outlets including 69 new KFC and Oishi restaurants, and sustainability initiatives, alongside enhanced collaborations for group purchasing and digital transformation in production and logistics.

Company News

APIChatGPT

  • defenseworld.net

    Thai Beverage Public (OTCMKTS:TBVPY) Trading Down 9.3% – Time to Sell?

  • seekingalpha.com

    Thai Beverage Public Company Limited (TBVPY) Q4 2025 Earnings Call Transcript