Company Summary
SORKON S. KHONKAEN FOODS PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
SET
CG Report:   
 
  Data as of 22 Apr 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
70.50 76.75 / 50.50 11.92 2.16 323.40 2,279.97 3,550.63 377.68 9.40
News
Date/Time Subject
25 Feb 2019 18:21   Management Discussion and Analysis Yearly Ending 31 Dec 2018
25 Feb 2019 18:20   Financial Statement Yearly 2018 (Audited)
25 Feb 2019 18:20   Audited Yearly and Consolidated F/S (F45-3)
25 Feb 2019 17:59   The Annual Ordinary General Shareholders' Meeting for 2019, and Dividend Payment
08 Nov 2018 17:26   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
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Company Profile
Address 259/13 SOI PRIDI BANOMYONG 13, SUKHUMVIT 71 ROAD, WATTHANA Bangkok 10110
Telephone 0-2391-1010
Fax 0-2391-1792
URL http://www.sorkon.co.th
  Annual Report 2018
Establish Date 28/6/1984 Listed Date 27/04/1993
IPO Price (Baht) 35.00 @Par10.00 Baht
IPO Financial Advisory
  • FINANCE ONE PUBLIC COMPANY LIMITED
    		•
    Par 10.00 Baht
    Last Par Change N/A

    Business
    The company is a manufacturer and distributor of food with 6 business units : 1) Traditional Thai food, 2) Seafood products, 3) Meat-Base snack, 4) Frozen food, 5) Quick Service Restaurant (QSR) operates under brand ?Zaap Express? and pork leg stew with rice, ?Yunnan? and 6) Swine Farm

    Free Float 09 Mar 2018 13 Mar 2017
    % /Shareholders
    42.54% 537 37.39% 634
    Foreign Shareholders 4.33% (As of 22/04/2019) Foreign Limit 49.00%
    NVDR Shareholders  1.70% (As of 22/04/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 1.08 -0.35 0.21
    20 Days 0.71 0.81 -0.92
    60 Days 0.71 -3.54 -3.60
    120 Days 0.71 -3.82 -0.18
    YTD 3.30 -6.30 -3.47
    P/E (X) 11.92 21.94 17.50
    P/BV (X) 2.16 2.07 1.86
    Turnover Ratio (%) 0.01 0.16 0.66

    Top 10 Major Shareholders(@12 Mar 2019) Share %
    1. นาย เจริญ รุจิราโสภณ 9,898,186 30.61
    2. นาง นิรมล รุจิราโสภณ 4,507,955 13.94
    3. นาย อยุทธ์ ชาญเศรษฐิกุล 1,857,365 5.74
    4. KBL EUROPEAN PRIVATE BANKERS S.A. 1,389,657 4.30
    5. น.ส. อรพรรณ อัสสมงคล 1,258,566 3.89
    6. นาย จรัญพจน์ รุจิราโสภณ 1,142,258 3.53
    7. นาย จรัสภล รุจิราโสภณ 1,133,358 3.50
    8. นาย ทรงเกียรติ รุจิราโสภณ 1,121,266 3.47
    9. นาย ธนาธิป พิเชษฐวณิชย์โชค 1,096,808 3.39
    10. นาย สาธิต วิทยากร โดย บลจ.เดนาลี เพรสทีจ จำกัด 801,030 2.48

    Management Position
    1. Mr. THANONG BIDAYA CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. CHAROEN RUJIRASOPON EXECUTIVE BOARD CHAIRMAN / CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mrs. NIRAMOL RUJIRASOPON DIRECTOR
    4. Mr. JARUNPOJ RUJIRASOPON DIRECTOR
    5. Mr. JARASPON RUJIRASOPON DIRECTOR
    6. Mr. THANAKRIT RUJIRASOPON DIRECTOR
    7. Mrs. SIRILUCK CHAIVATTANAPRAPA DIRECTOR
    8. Mr. WORAPON LOPANSRI INDEPENDENT DIRECTOR / CHIEF OF AUDIT COMMITTEE
    9. Mr. CHUSAK VIJAKKHANA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. PRASARN MARUKPITAK INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. CHAROENPHAN PHANTHUMONGKOL INDEPENDENT DIRECTOR
    12. Miss PANCHAMA VIPAMAS INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    22 Apr 2019    		 2018
    28 Dec 2018    		 2017
    29 Dec 2017
    Listed share (M.) 32.34  32.34  32.34 
    Market Cap (MB.) 2,279.97  2,207.20  2,643.80 
    Price (B./share) 70.50  68.25  81.75 
    BVPS (B./Share) 32.68  31.80  25.87 
    P/BV (X) 2.16  2.15  3.16 
    P/E (X) 11.92  11.25  17.38 
    Turnover Ratio (%) 0.30  1.84  10.24 
    Value Trade/Day (MB.) 0.09  0.18  0.93 
    Beta 0.06  0.10  0.02 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 3.30  -16.51  33.47 
    Dividend Yield (%) 3.55  3.22  3.36 
    Payout Ratio 0.37  0.36  0.58 
    Dividend Policy Not lower than 50% of the net profits

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2017 - 31 Dec 2017 2.20 Baht 25 May 2018 Cash
    01 Jan 2016 - 31 Dec 2016 2.75 Baht 26 May 2017 Cash
    01 Jan 2015 - 31 Dec 2015 2.75 Baht 27 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MR. SOPHON PERMSIRIVALLOP/E Y OFFICE COMPANY LIMITED
    MISS RUNGNAPA LERTSUWANKUL/E Y OFFICE COMPANY LIMITED
    MR. CHAYAPOL SUPPASEDTANON/E Y OFFICE COMPANY LIMITED
    MISS PIMJAI MANITKAJOHNKIT/E Y OFFICE COMPANY LIMITED
    MISS ROSAPORN DECHARKOM/E Y OFFICE COMPANY LIMITED
    MISS SUMANA PUNPONGSANON/E Y OFFICE COMPANY LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Cash 78.31 80.68 79.31 66.76
    A/R Net 450.91 418.20 397.20 392.76
    Inventories 174.26 160.68 201.46 192.49
    Current Assets 800.11 720.03 682.40 659.64
    PP&E Net 922.53 930.18 928.15 825.43
    Total Assets 2,405.71 2,475.75 2,291.37 1,876.35
    OD 443.55 646.67 550.52 550.89
    A/P Net 324.74 286.32 277.64 255.48
    Current portion of LT 95.01 94.70 89.06 55.69
    Current Liabilities 899.93 1,056.93 951.99 898.20
    Non-Current Liabilities 447.62 481.14 516.65 277.30
    Total Liabilities 1,347.55 1,538.07 1,468.64 1,175.50
    Authorized Capital 323.40 323.40 323.40 242.55
    Paid-Up Capital 323.40 323.40 323.40 242.55
    Premium (Discount) on Share Capital 50.28 50.28 87.83 50.28
    Other Surplus (Deficit) 37.55 199.16 - 37.55
    Retained Earnings (Deficit) 483.90 363.78 322.33 280.81
    Treasury Stock - - - -
    Shareholders' Equity 1,056.74 936.64 822.14 699.78
    Minority Interest 1.42 1.04 0.59 1.07
    more
    Statement of Comprehensive Income (MB.) 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Sales 2,869.75 2,733.84 2,654.21 2,378.56
    Other Income 82.41 42.83 45.95 15.75
    Total Revenues 2,952.16 2,776.66 2,700.16 2,394.31
    COGs 1,958.52 1,895.15 1,824.55 1,614.54
    SG&A 714.69 665.65 701.72 603.68
    Total Expenses 2,673.22 2,560.80 2,526.27 2,218.22
    EBITDA 377.68 313.27 261.28 244.09
    Depre. & Amor. 98.73 97.40 87.39 68.00
    EBIT 278.94 215.86 173.90 176.09
    Net Profit 191.27 136.40 109.17 123.49
    EPS (B.) 5.91 4.22 3.80 5.09
    more
    Statement of Cash Flow (MB.) 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 275.72 222.03 204.38 170.30
    Investing Cash Flow 77.94 -125.13 -444.59 -233.16
    Financing Cash Flow -356.00 -95.58 252.76 102.72
    Net Cash Flow -2.34 1.32 12.55 39.86
    more
    Annualized: ROE, ROA
    Ratios 2018  2017  2016 
    Current Ratio (X) 0.89 0.68 0.72
    ROE (%) 19.19 15.51 14.35
    ROA (%) 11.43 9.06 8.34
    D/E (X) 1.28 1.64 1.79
    Total Asset Turnover (X) 1.21 1.16 1.30
    Gross Profit Margin (%) 31.75 30.68 31.26
    EBIT Margin (%) 9.45 7.77 6.44
    Net Profit Margin (%) 6.48 4.91 4.04

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    09 Jun 2016 XR 8,085,000 32,340,000 10.00

    Growth Rate (%) 2018  2017  2016 
    Sales Growth 4.97 3.00 11.59
    COGs Growth 3.34 3.87 13.01
    Total Revenue Growth 6.32 2.83 12.77
    Total Expense Growth 4.39 1.37 13.89
    Net Profit Growth 40.23 24.95 -11.60

    Annualized
    Cash Cycle 2018  2017  2016 
    A/R Turnover (Times) 6.60 6.71 6.72
    Avg. Collection Period (Days) 55.27 54.43 54.32
    Inventory Turnover (Times) 11.69 10.47 9.26
    Avg. Inventory Period (Days) 31.21 34.87 39.41
    A/P Turnover (Times) 6.41 6.72 6.84
    Avg. Payment Period (Days) 56.94 54.31 53.33
    Cash Cycle (Days) 29.54 35.00 40.40


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    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
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