Carabao Group Public Company Limited (CBG.BK)
Bangkok, TH
Carabao Group Public Company Limited functions as a producer, marketer, and distributor of beverages, with operations spanning Thailand and international markets. Its diverse product range encompasses both carbonated and non-carbonated energy drinks, bottled water, ready-to-drink and instant 3-in-1 powder coffee, vitamin C drinks, and sports beverages, all offered under prominent brands including Carabao, Carabao Sport, and Woody C+ Lock. Beyond its beverage division, the company is also involved in the manufacturing of packaging solutions, specifically glass bottles, aluminum cans, and other containers used for energy drinks and various other beverages. Additionally, its activities extend to investment management, data administration, and trading ventures. The company was founded in 2001 and maintains its headquarters in Bangkok, Thailand.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.61% | +1.86% | +9.33% | -13.68% | -2.38% | -5.75% | -28.07% | -41.84% | -67.72% | -4.09% | +46.43% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 7 | 0 |
| Hold | 5 | -1 |
| Sell | 1 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Beverages - Non-Alcoholic: +4.6%+5.1% ★ Q1'26: -0.1% (vs Q1'25)
-
EPS growth Beverages - Non-Alcoholic: +9.3%-18.3% Q1'26: -19.7% (vs Q1'25)
-
FCF margin FCF growth · Beverages - Non-Alcoholic: +17.3%+11.7% Q1'26: +9.5% (vs Q1'25)
-
EBIT margin Beverages - Non-Alcoholic: +13.6%+15.8% ★ Q1'26: +14.2% (vs Q1'25)
-
ROIC Beverages - Non-Alcoholic: +11.1%+17.4% ★
-
Share dilution Beverages - Non-Alcoholic: +0.1%+0.0% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Beverages - Non-Alcoholic: -0.18×0.59× Q1'26: 0.83× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 14 Rev. Ana. 12 EPS Ana. |
Dec 2027 13 Rev. Ana. 12 EPS Ana. |
Dec 2028 10 Rev. Ana. 8 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
7.75B
est: 7.77B (-0.2%)
|
9.97B
est: 9.97B (+0.0%)
|
12.90B
est: 12.95B (-0.3%)
|
14.46B
est: 14.49B (-0.2%)
|
14.93B
est: 15.03B (-0.7%)
|
17.23B
est: 17.36B (-0.8%)
|
17.36B
est: 17.38B (-0.1%)
|
19.22B
est: 19.39B (-0.9%)
|
18.85B
est: 18.74B (+0.6%)
|
20.96B
est: 21.09B (-0.6%)
|
22.04B
est: 22.32B (-1.2%)
|
22.96B
21.87B – 25.37B
+2.9% YoY
|
24.67B
23.18B – 29.60B
+7.5% YoY
|
26.36B
26.27B – 26.44B
+6.8% YoY
|
| EBITDA |
1.70B
est: 1.71B (-0.7%)
|
1.89B
est: 2.19B (-14.0%)
|
1.37B
est: 2.85B (-52.0%)
|
1.90B
est: 3.19B (-40.6%)
|
3.69B
est: 3.31B (+11.6%)
|
5.00B
est: 3.82B (+30.7%)
|
4.19B
est: 3.83B (+9.6%)
|
3.60B
est: 4.27B (-15.6%)
|
3.24B
est: 3.77B (-14.0%)
|
4.41B
est: 4.24B (+4.1%)
|
4.26B
est: 4.48B (-4.9%)
|
4.61B
4.39B – 5.10B
+2.9% YoY
|
4.96B
4.66B – 5.95B
+7.5% YoY
|
5.30B
5.28B – 5.31B
+6.8% YoY
|
| EBIT |
1.47B
est: 1.39B (+5.5%)
|
1.67B
est: 1.78B (-6.6%)
|
1.11B
est: 2.32B (-52.2%)
|
1.44B
est: 2.59B (-44.6%)
|
3.16B
est: 2.69B (+17.6%)
|
4.33B
est: 3.11B (+39.4%)
|
3.44B
est: 3.11B (+10.7%)
|
2.79B
est: 3.47B (-19.5%)
|
2.42B
est: 3.00B (-19.4%)
|
3.59B
est: 3.38B (+6.3%)
|
3.48B
est: 3.58B (-2.7%)
|
3.68B
3.51B – 4.07B
+2.9% YoY
|
3.95B
3.71B – 4.74B
+7.5% YoY
|
4.22B
4.21B – 4.24B
+6.8% YoY
|
| Net Income |
1.26B
est: 1.30B (-3.0%)
|
1.49B
est: 1.56B (-4.7%)
|
1.25B
est: 1.28B (-2.8%)
|
1.16B
est: 1.07B (+8.4%)
|
2.51B
est: 2.50B (+0.3%)
|
3.53B
est: 3.60B (-2.2%)
|
2.88B
est: 2.96B (-2.5%)
|
2.29B
est: 2.39B (-4.4%)
|
1.92B
est: 2.50B (-23.0%)
|
2.84B
est: 3.08B (-7.8%)
|
2.32B
est: 3.04B (-23.7%)
|
2.68B
2.62B – 3.16B
-12.0% YoY
|
2.91B
2.75B – 3.51B
+8.8% YoY
|
3.08B
2.90B – 3.91B
+5.7% YoY
|
| SGA |
1.48B
est: 1.17B (+27.0%)
|
1.99B
est: 1.49B (+33.4%)
|
3.12B
est: 1.94B (+60.6%)
|
3.33B
est: 2.17B (+53.4%)
|
2.75B
est: 2.26B (+22.0%)
|
2.88B
est: 2.60B (+10.6%)
|
2.94B
est: 2.61B (+12.9%)
|
3.08B
est: 2.91B (+5.8%)
|
2.66B
est: 2.48B (+7.4%)
|
2.35B
est: 2.79B (-15.7%)
|
1.72B
est: 2.95B (-41.7%)
|
3.04B
2.89B – 3.35B
+2.9% YoY
|
3.26B
3.06B – 3.91B
+7.5% YoY
|
3.48B
3.47B – 3.50B
+6.8% YoY
|
| EPS |
1.26
est: 1.30 (-2.7%)
|
1.49
est: 1.56 (-4.7%)
|
1.25
est: 1.28 (-2.5%)
|
1.16
est: 1.07 (+8.5%)
|
2.51
est: 2.50 (+0.4%)
|
3.53
est: 3.60 (-2.1%)
|
2.88
est: 2.96 (-2.6%)
|
2.29
est: 2.36 (-2.9%)
|
1.92
est: 2.50 (-23.1%)
|
2.84
est: 2.85 (-0.3%)
|
2.32
est: 2.90 (-19.9%)
|
2.76
2.62 – 3.16
-4.9% YoY
|
3.03
2.75 – 3.51
+9.8% YoY
|
3.19
2.90 – 3.91
+5.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-08 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-07 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-06 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-05 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.06% | 414.4K | 0.65% |
| 2 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.01% | 23.6K | 0.56% |
| 3 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.00% | 24.8K | 0.44% |
| 4 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 337.5K | 0.39% |
| 5 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 61.5K | 0.28% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Nutchamai Thanombooncharoen | Chairman & MD | 2M | female |
| Kamoldist Smuthkochorn | Deputy Managing Director of Production & Director | — | male |
| Pongsarn Klongwathanakith | Chief Financial Officer | — | male |
| Romtham Setthasit | Deputy MD of International Business & Director | — | male |
| Sathien Sathientham | CEO & Vice Chairman of the Board of Directors | — | male |
| Sathien Setthasit | Chief Executive Officer & Director | — | male |
| Thunvich Vorasithikorn | Chief Accountant | — | male |
| Waranchai Jensiriwanich | Legal Director & Company Secretary | — | male |
| Wongdao Thanombooncharoen | Senior Deputy MD & Director | — | female |
| Achiraya Sitakaradech | Chief Compliance Officer and Chief Internal Auditor | — | female |
| Yuenyong Opakul | Senior Deputy MD & Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for CBG.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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