1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Thai Union Feedmill Public Company Limited

Thai Union Feedmill Public Company Limited

TFM.BK
Thai Union Feedmill Public Company LimitedTH flagStock Exchange of Thailand
6.60
THB
- -
- -
6.60BMarket Cap
Thai Union Feedmill Public Company Limited
TFM.BK
(Stock Exchange of Thailand)

Recent

price

6.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.18
5.37
5.91
5.1
5.64
4.91
4.94
5.37
6.03
8.86
Revenue per Share
0.27
0.5
1.02
0.5
0.25
0.11
0.08
0.54
0.73
1.05
Basic EPS, GAAP
0.9
0.57
0.67
0.3
-0.09
-0.15
0.32
0.6
0.55
1.02
Free Cash Flow per Basic Share
0.31
1.48
1.22
0.15
0.63
0.1
0.04
0.22
0.68
0.77
Dividend per Share
2.01
1.38
1.18
1.53
1.31
1.13
1.13
1.48
1.51
3.31
Book Value per Share
2.06
1.51
1.4
1.8
2.84
2.45
2.38
2.73
2.7
5.7
Tangible Book Value per Share
821
821
821
821
846
996
1,028
1,000
1,000
500
Basic Weighted Avg Shares
4,251
4,410
4,849
4,184
4,773
4,888
5,081
5,365
6,035
4,434
Sales/Revenue/Turnover
11.78
8.08
17.68
9.26
3.19
0.57
0.48
8.99
12.74
12.25
Operating Margin (%)
120
123
126
131
151
187
173
156
150
117
Depreciation Expense
218
407
841
412
211
110
87
535
733
526
Net Income, GAAP
7.16
- -
7.62
8.69
0.08
- -
- -
0.71
9.8
8.22
Effective Tax Rate (%)
5.14
9.23
17.34
9.84
4.43
2.24
1.72
9.98
12.15
11.85
Profit Margin (%)
453
93
126
269
1,102
955
1,160
1,519
1,453
1,643
Working Capital
1
- -
6
5
203
4
66
51
23
18
LT Debt
1,700
1,245
1,154
1,483
2,403
2,444
2,452
2,731
2,700
2,856
Total Equity
- -
- -
50.26
21.4
7.15
- -
- -
18.19
24.82
16.87
Return on Invested Capital (%)
- -
- -
53.07
25.08
13.56
- -
- -
32.07
40.47
26.77
Return on Capital (%)
- -
29.23
80.04
37.06
17.91
9.82
7.63
40.55
49.11
32.19
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
212
218
LT Borrowings
- -
21
17
LT Finance Leases
- -
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,000
1,000
Market Capitalization
5,953
5,953
3,328

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,356
2,393
Cash, Cash Equivalents & STI
- -
1,024
1,013
Accounts Receivable, Net
- -
848
779
Inventories
- -
460
559
Total Current Liabilities
- -
903
750
Payables & Accruals
- -
663
511
ST Debt
- -
212
218
Deferred Revenue
- -
18
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.87%
-1.13%
Free Cash Flow
- -
-58.34%
-7.96%
Net Income, GAAP
- -
86.53%
36.95%
Sales/Revenue/Turnover
- -
7.7%
12.48%
Total Cash Common Dividend
- -
169.64%
218.6%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,249
1,297
1,390
1,429
5,365
2025
1,231
1,476
- -
1,634
6,035
2026
1,325
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
129.39
0.15
- -
0.54
2025
0.07
193.72
- -
- -
0.73
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
65
0.15
- -
0.22
2025
- -
385
- -
- -
0.68
2026
- -
- -
- -
- -
- -
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Business
Thai Union Feedmill Public Company Limited, a subsidiary of Thai Union Group Public Company Limited, manufactures and distributes animal feeds, primarily aquaculture feeds for shrimp, fish, frog, and crab, as well as livestock feeds for chicken, duck, pig, and quail; core brands include PROFEED, PROFEED TURBO, FCR, AQUAFEED, EGOFEED, D-GROW, NANAMI, HITECH, KHUNSUEK, NEOPRO, SEASON FAT, TUXEDO, JUMBO FISHO, START MATCH, ONIL, SUPER BLOW, D-LIGHT, GOLDEN FROG, and SILVER FROG. Founded in 2000 and headquartered in Samut Sakhon, Thailand, with manufacturing plants in Samut Sakhon and Songkhla provinces, the company operates through segments including Shrimp Feed Products, Fish Feed Products, Livestock Feed Products, and Others, serving domestic markets in Thailand and exporting to Indonesia, India, Sri Lanka, Bangladesh, Malaysia, Myanmar, Laos, and Pakistan via subsidiaries such as PT Thai Union Kharisma Lestari in Indonesia. Recent developments include a share par value split from THB 2 to THB 1 per share effective April 24, 2025, increasing shares from 500 million to 1,000 million; investments exceeding THB 300 million to upgrade aquafeed production lines to Industry 4.0 standards at Ranot and Mahachai plants, with completion targeted for August 2025 under new Board of Investment projects; first-time inclusion in the 2025 ESG100 list by Thaipat Institute for sustainability under SeaChange 2030; record Q2 2025 net profit of THB 194 million and interim dividend of THB 0.30 per share; and ongoing expansion in shrimp and fish feed segments amid strong domestic demand.