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Thai Beverage Public Company Limited (Y92.SI)

SGD0.45 +0.01 (+2.30%)
TH SES Consumer Defensive Beverages - Alcoholic
Address Sangsom Building 10900
Bangkok, TH
CEO Thapana Sirivadhanabhakdi
IPO 2006-05-30
ISIN TH0902010014

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Also trades on Other OTC · TBVPF (USD) Other OTC · TBVPY (USD) Stock Exchange of Singapore · Y92.SI (SGD)
Description

Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments. The company offers beer; malt and yeast; spirits; mineral, drinking, and soda water; coffee, energy drinks, tea, fruit flavored drinks, and dairy products; canned food; ice cream; rice cakes/cubes, cooking needs, instant dessert powders, pre-mix beverages, and bread spreads; and soft drinks, electrolyte drinks, isotonic, milk, soya, juices, and confectioneries. It also provides chilled and frozen food; beer concentrates; mechanical equipment; bricks and oak barrels; biogas; transportation by car; franchising; plastic packaging; investment and asset management; accounting; human resources and organization development; advertising and marketing; logistics; recycling; warehousing and storage; printing; education training; general and brands management; marketing management consulting; marketing research; treasury and financial; consultancy; public cold storage; machine repair; technical application; and digital and technology services. In addition, the company is involved in the publishing of trade directory, business information, education, library reference, and trade books; trading of molasses, fertilizers, feeds, bottles, procurement and supplies; production of plastic packaging; property investment, development, management, and rental; manufacture and installation of food manufacturing equipment; wholesale and retail of food, beverage, and tobacco; and operation of japanese restaurants, bakeries, and vending machines. Further, it engages in trademark holding; e-commerce; book and magazine distribution; and retail of books, stationery, magazines, and periodicals. Thai Beverage Public Company Limited was incorporated in 2003 and is based in Bangkok, Thailand.

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
SGD0.45 +0.01 (+2.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
22M
Beta
0.45
Float Shares
7.25B
Free Float %
28.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.08% +8.24% +12.20% -4.17% -1.08% +0.00% -3.16% -20.69% -34.29% -46.51% +70.37%
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
0.45
DCF (Unlevered) 1.44 +223.0%
DCF (Levered) 1.52 +242.1%

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) 42% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 6 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.18
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Beverages - Alcoholic: +1.2%
    -2.1% Q1'26: -10.0% (vs Q2'24)
  • EPS growth Beverages - Alcoholic: +10.7%
    -6.5% Q1'26: +20.8% (vs Q2'24)
  • FCF margin FCF growth · Beverages - Alcoholic: -4.0%
    +9.9% Q1'26: +9.9% (vs Q2'24)
  • EBIT margin Beverages - Alcoholic: +13.7%
    +14.0% Q1'26: +16.2% (vs Q2'24)
  • ROIC Beverages - Alcoholic: +6.8%
    +9.3% Q1'26: +9.9% (vs Q2'24)
  • Share dilution Beverages - Alcoholic: +0.0%
    -0.4% Q1'26: -0.7% (vs Q2'24)
  • Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×
    4.13× Q1'26: 4.34× (vs Q2'24)
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 (0.43) × ERP
WACC = 56% × Ke + 44% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.43 Current price: 0.45
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 Sep 2015
actual
Sep 2016
actual
Sep 2017
actual
Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
14 Rev. Ana.
11 EPS Ana.
Sep 2027
14 Rev. Ana.
12 EPS Ana.
Sep 2028
10 Rev. Ana.
9 EPS Ana.
Revenue
172.60B
est: 169.63B (+1.7%)
139.15B
est: 189.74B (-26.7%)
190.00B
est: 188.77B (+0.7%)
229.70B
est: 234.56B (-2.1%)
267.36B
est: 264.87B (+0.9%)
253.48B
est: 242.00B (+4.7%)
240.54B
est: 262.53B (-8.4%)
272.36B
est: 268.45B (+1.5%)
334.76B
est: 7.54T (-95.6%)
340.29B
est: 285.90B (+19.0%)
333.29B
est: 335.20B (-0.6%)
338.29B
326.70B – 359.51B
+0.9% YoY
350.23B
336.62B – 373.59B
+3.5% YoY
363.34B
350.04B – 386.87B
+3.7% YoY
EBITDA
28.24B
est: 28.44B (-0.7%)
30.91B
est: 31.81B (-2.9%)
32.37B
est: 31.65B (+2.3%)
33.66B
est: 39.33B (-14.4%)
45.96B
est: 44.41B (+3.5%)
48.11B
est: 40.58B (+18.6%)
40.63B
est: 44.02B (-7.7%)
46.34B
est: 45.01B (+3.0%)
49.24B
est: 1.35T (-96.3%)
61.65B
est: 51.11B (+20.6%)
57.02B
est: 59.92B (-4.8%)
60.47B
58.40B – 64.27B
+0.9% YoY
62.61B
60.18B – 66.78B
+3.5% YoY
64.95B
62.57B – 69.16B
+3.7% YoY
EBIT
32.35B
est: 23.75B (+36.2%)
26.49B
est: 26.57B (-0.3%)
40.81B
est: 26.43B (+54.4%)
29.12B
est: 32.85B (-11.3%)
38.46B
est: 37.09B (+3.7%)
39.98B
est: 33.89B (+18.0%)
34.50B
est: 36.76B (-6.1%)
38.58B
est: 37.59B (+2.6%)
41.45B
est: 1.07T (-96.1%)
51.45B
est: 40.43B (+27.2%)
46.67B
est: 47.41B (-1.6%)
47.84B
46.20B – 50.85B
+0.9% YoY
49.53B
47.61B – 52.84B
+3.5% YoY
51.39B
49.51B – 54.71B
+3.7% YoY
Net Income
26.46B
est: 25.52B (+3.7%)
18.92B
est: 25.49B (-25.8%)
34.51B
est: 34.35B (+0.5%)
18.53B
est: 21.74B (-14.8%)
23.27B
est: 24.16B (-3.7%)
22.75B
est: 22.29B (+2.1%)
24.64B
est: 26.67B (-7.6%)
30.11B
est: 29.91B (+0.6%)
27.43B
est: 718.65B (-96.2%)
27.22B
est: 28.83B (-5.6%)
25.36B
est: 28.14B (-9.9%)
27.69B
25.00B – 30.39B
-1.6% YoY
29.42B
26.14B – 32.69B
+6.2% YoY
30.06B
26.68B – 33.45B
+2.2% YoY
SGA
27.03B
est: 22.28B (+21.3%)
21.83B
est: 24.92B (-12.4%)
23.15B
est: 24.80B (-6.6%)
31.45B
est: 30.81B (+2.1%)
34.09B
est: 34.79B (-2.0%)
29.94B
est: 31.79B (-5.8%)
28.01B
est: 34.49B (-18.8%)
21.95B
est: 35.26B (-37.8%)
31.39B
est: 990.22B (-96.8%)
60.78B
est: 37.56B (+61.8%)
62.46B
est: 44.03B (+41.9%)
44.44B
42.91B – 47.23B
+0.9% YoY
46.01B
44.22B – 49.07B
+3.5% YoY
47.73B
45.98B – 50.82B
+3.7% YoY
EPS
1.05
est: 1.02 (+3.4%)
0.75
est: 1.01 (-26.1%)
1.37
est: 1.37 (+0.2%)
0.74
est: 0.86 (-14.4%)
0.93
est: 0.96 (-3.3%)
0.91
est: 0.89 (+2.6%)
0.98
est: 1.06 (-7.6%)
1.20
est: 1.13 (+6.1%)
1.09
est: 28.74 (-96.2%)
1.08
est: 1.13 (-4.1%)
1.01
est: 1.10 (-8.2%)
1.07
0.99 – 1.21
-2.8% YoY
1.14
1.04 – 1.30
+6.9% YoY
1.20
1.06 – 1.33
+5.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
55.99B
OE per share TTM
2.22
Owner's Yield
479.09%
Maintenance CapEx ratio
8.86%
Maint CapEx / Avg PPE
27.6%

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 Held by 16 ETFs 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
1.02M
Shares Outstanding
25.13B

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
Thapana Sirivadhanabhakdi President, Chief Executive Officer, Chief of Center of Excellence & Director 5M male
Charoen Sirivadhanabhakdi Executive Chairman 923.0K male
Kim Soon Neo Chief of Brand Investment & Commercial and Executive Vice President male
Kosit Suksingha Pres. & Grp Chief Operating Officer, Chief Dgt. & Tech., Chief Non-alco Beverages Product Grp-Thai and EVice President male
Banjong Chintanasiri Deputy Chief Financial Officer of Accounting male
Prapakon Thongtheppairot President & Group COO-International, EVP and CFO of Int. Business male
Sitra Horsinchai Legal Officer female
Sopon Racharaksa Exe. Vice President, Chief People Off., Chieff Corporation Aff. TL, & Chief Spirits Prd male
Namfon Aungsutornrungsi Head of Investor Relations Department female
Kanoknart Rangsithienchai 2nd Executive Vice Chairman female
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