Charoen Pokphand Foods PCL (BKK: CPF)

CPF Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	579,557	585,844	614,197	512,704	589,713	532,573
Other Revenue	4,980	3,772	3,918	4,073	3,416	3,045
Revenue	584,537	589,617	618,115	516,777	593,129	535,618
Revenue Growth (YoY)	-2.84%	-4.61%	19.61%	-12.87%	10.74%	-1.73%
Cost of Revenue	499,429	524,643	532,324	446,815	482,470	456,269
Gross Profit	85,108	64,973	85,791	69,963	110,659	79,349
Selling, General & Admin	54,866	55,875	55,001	50,880	57,665	54,819
Operating Expenses	54,866	55,875	55,001	50,880	57,665	54,819
Operating Income	30,241	9,098	30,790	19,082	52,994	24,530
Interest Expense	-25,392	-25,506	-20,358	-16,596	-16,818	-13,785
Interest & Investment Income	373.78	1,170	902.95	807.04	888.49	1,162
Earnings From Equity Investments	14,842	4,590	3,745	4,167	9,254	8,893
Currency Exchange Gain (Loss)	1,179	1,023	92.58	651.14	993.98	-10.42
EBT Excluding Unusual Items	21,244	-9,625	15,173	8,111	47,312	20,790
Impairment of Goodwill	-	-	-436	-	-3,921	-1,665
Gain (Loss) on Sale of Investments	3,937	7,550	2,553	10,730	1,522	8,099
Gain (Loss) on Sale of Assets	-	-	-	-	10,885	-4.68
Asset Writedown	-1,968	144.4	3,137	-2,108	-705.1	2,324
Pretax Income	23,213	-1,931	20,427	16,732	55,093	29,544
Income Tax Expense	3,818	600.3	6,003	2,654	11,001	5,446
Earnings From Continuing Operations	19,395	-2,531	14,424	14,079	44,092	24,098
Minority Interest in Earnings	-3,888	-2,676	-454.09	-1,050	-18,070	-5,642
Net Income	15,507	-5,207	13,970	13,028	26,022	18,456
Preferred Dividends & Other Adjustments	226	630	556	600	602	600
Net Income to Common	15,281	-5,837	13,414	12,428	25,420	17,856
Net Income Growth	-	-	7.23%	-49.93%	41.00%	18.83%
Shares Outstanding (Basic)	8,077	7,819	7,936	7,970	8,105	8,185
Shares Outstanding (Diluted)	8,077	7,819	7,936	8,204	8,230	8,185
Shares Change (YoY)	2.71%	-1.47%	-3.27%	-0.32%	0.55%	-
EPS (Basic)	1.89	-0.75	1.69	1.56	3.14	2.18
EPS (Diluted)	1.89	-0.75	1.69	1.55	3.10	2.18
EPS Growth	-	-	9.37%	-50.22%	42.41%	19.50%
Free Cash Flow	43,556	13,911	6,288	-17,743	44,515	15,077
Free Cash Flow Per Share	5.39	1.78	0.79	-2.16	5.41	1.84
Dividend Per Share	-	-	0.750	0.650	1.000	0.700
Dividend Growth	-	-	15.38%	-35.00%	42.86%	7.69%
Gross Margin	14.56%	11.02%	13.88%	13.54%	18.66%	14.81%
Operating Margin	5.17%	1.54%	4.98%	3.69%	8.93%	4.58%
Profit Margin	2.61%	-0.99%	2.17%	2.40%	4.29%	3.33%
Free Cash Flow Margin	7.45%	2.36%	1.02%	-3.43%	7.51%	2.81%
EBITDA	58,352	35,842	57,394	42,803	76,483	47,384
EBITDA Margin	9.98%	6.08%	9.29%	8.28%	12.89%	8.85%
D&A For EBITDA	28,111	26,744	26,604	23,721	23,488	22,854
EBIT	30,241	9,098	30,790	19,082	52,994	24,530
EBIT Margin	5.17%	1.54%	4.98%	3.69%	8.93%	4.58%
Effective Tax Rate	16.45%	-	29.39%	15.86%	19.97%	18.43%
Revenue as Reported	590,446	599,689	623,429	528,960	607,785	544,880
Advertising Expenses	-	4,584	4,373	4,177	3,665	3,243

Source: S&P Capital IQ. Standard template. Financial Sources.