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Thai Union Feedmill Public Company Limited (TFM.BK)

THB6.60 +0.05 (+0.76%)
TH SET Consumer Defensive Agricultural Farm Products
Address 89/1 Moo 2 74000
Mueang Samut Sakhon, TH
CEO Peerasak Boonmechote
IPO 2021-10-29
ISIN THA506010Z09

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Description

Thai Union Feedmill Public Company Limited specializes in the manufacture and supply of animal feed, with a primary focus on aquaculture feeds across Thailand and Pakistan. Its diverse product range features specialized diets for aquatic species like shrimp, fish, crabs, frogs, and breeding stock. Additionally, it produces feed for livestock such as chickens, ducks, pigs, and quails. These products are distributed under the proprietary brands Profeed and Nanami. The company also extends its market reach through exports to Indonesia, India, Sri Lanka, Bangladesh, Malaysia, Myanmar, and Laos. Established in 2000, the firm maintains its headquarters in Mueang Samut Sakhon, Thailand, and operates as a subsidiary of Thai Union Group Public Company Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB6.60 +0.05 (+0.76%)
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Volume Profile
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Liquidity & share structure
Average Volume
633.1K
Beta
0.32
Float Shares
259.87M
Free Float %
26.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.52% -2.99% +0.00% +1.56% +9.24% +9.24% +31.05% +61.29% -3.70% -3.70% -3.70%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.60
DCF (Unlevered) 12.23 +85.3%
DCF (Levered) 13.19 +99.8%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 -1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
7.08
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Agricultural Farm Products: +8.2%
    +12.5% Q1'26: +7.6% (vs Q1'25)
  • EPS growth Agricultural Farm Products: +20.0%
    -31.8% Q1'26: +130.8% (vs Q1'25)
  • FCF margin FCF growth · Agricultural Farm Products: +43.8%
    +9.6% Q1'26: -1.1% (vs Q1'25)
  • EBIT margin Agricultural Farm Products: +8.1%
    +12.5% Q1'26: +11.2% (vs Q1'25)
  • ROIC Agricultural Farm Products: +6.0%
    +35.4% Q1'26: +25.9% (vs Q1'25)
  • Share dilution Agricultural Farm Products: +0.0%
    +100.0% Q1'26: -50.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Agricultural Farm Products: 0.61×
    0.26× Q1'26: 0.31× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.40) × ERP
WACC = 96% × Ke + 4% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 12.23 Current price: 6.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
4.77B
est: 4.94B (-3.3%)
4.89B
est: 4.84B (+1.1%)
5.08B
est: 5.11B (-0.5%)
5.37B
est: 5.33B (+0.7%)
6.03B
est: 5.93B (+1.8%)
6.47B
6.47B – 6.47B
+9.2% YoY
6.95B
6.95B – 6.95B
+7.3% YoY
7.02B
7.02B – 7.02B
+1.0% YoY
EBITDA
369.25M
est: 452.02M (-18.3%)
292.30M
est: 442.68M (-34.0%)
247.08M
est: 467.68M (-47.2%)
707.80M
est: 497.93M (+42.1%)
902.10M
est: 553.66M (+62.9%)
604.77M
604.77M – 604.77M
+9.2% YoY
649.09M
649.09M – 649.09M
+7.3% YoY
655.75M
655.75M – 655.75M
+1.0% YoY
EBIT
218.60M
est: 289.74M (-24.6%)
105.58M
est: 283.76M (-62.8%)
73.66M
est: 299.78M (-75.4%)
551.67M
est: 329.62M (+67.4%)
751.61M
est: 366.50M (+105.1%)
400.34M
400.34M – 400.34M
+9.2% YoY
429.67M
429.67M – 429.67M
+7.3% YoY
434.09M
434.09M – 434.09M
+1.0% YoY
Net Income
211.50M
est: 123.34M (+71.5%)
109.54M
est: 58.75M (+86.4%)
87.37M
est: 48.09M (+81.7%)
535.39M
est: 505.00M (+6.0%)
733.19M
est: 730.00M (+0.4%)
740.00M
740.00M – 740.00M
+1.4% YoY
783.33M
783.33M – 783.33M
+5.9% YoY
720.00M
720.00M – 720.00M
-8.1% YoY
SGA
328.91M
est: 374.64M (-12.2%)
347.67M
est: 366.90M (-5.2%)
378.69M
est: 387.61M (-2.3%)
500.14M
est: 425.28M (+17.6%)
550.64M
est: 472.87M (+16.4%)
516.52M
516.52M – 516.52M
+9.2% YoY
554.38M
554.38M – 554.38M
+7.3% YoY
560.07M
560.07M – 560.07M
+1.0% YoY
EPS
0.50
est: 0.25 (+102.7%)
0.22
est: 0.12 (+87.2%)
0.17
est: 0.10 (+78.9%)
1.07
est: 0.51 (+111.9%)
0.73
est: 0.73 (+0.0%)
0.74
0.74 – 0.74
+1.4% YoY
0.78
0.78 – 0.78
+5.9% YoY
0.72
0.72 – 0.72
-8.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-05-07 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-05-06 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-05-05 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-04-30 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-04-29 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-28 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-27 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-24 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-23 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-22 A 4/5 4/5 5/5 5/5 2/5 4/5 3/5
2026-04-21 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-20 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-17 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-16 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
860.91M
OE per share TTM
0.86
Owner's Yield
13.24%
Maintenance CapEx ratio
11.18%
Maint CapEx / Avg PPE
27.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
920.0K
Shares Outstanding
1.00B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rittirong Boonmechote Executive Chairman 435.0K male
Peerasak Boonmechote Chief Executive Officer & Director 430.0K male
Thiraphong Chansiri Executive Director 300.0K male
Komgrit Pavausttinon Vice President of Accounting, Finance & Credit Control male
Naranan Mohandas Nelliparambil Senior Vice President of Supply Chain (Indonesia)
Paksaran Muenraksapholkun Head of Compliance & Company Secretary female
Hathai Nantathong Director of Feed Commercial of Thailand Supply Chain & Quality female
Piyanuch Marittanaporn Acting Head of Investor Relations & CFO female
Ekkaphoom Thakolpattanakul Director of Feed Operations - Thailand male
Sukson Wongchuwong Company Secretary male
Thanyathep Thiwakornsakul Head of Internal Audit male
Adisorn Jarusyothinnuwad Director of HR - Feed male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits