Company Summary
SORKON S. KHONKAEN FOODS PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
SET
CG Report:   
 
  Data as of 14 Nov 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
71.50 84.75 / 50.50 11.79 2.25 323.40 2,312.31 3,555.12 308.39 9.07
News
Date/Time Subject
08 Nov 2018 17:26   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
08 Nov 2018 17:22   Reviewed Quarter 3 and Consolidated F/S (F45-3)
08 Nov 2018 17:22   Financial Statement Quarter 3/2018 (Reviewed)
27 Sep 2018 17:42   Advance Notice on Right of Shareholders to propose an Agenda and Director Nomination for the 25th Annual General Meeting of Shareholders (of the year 2019)
09 Aug 2018 19:16   To appoint the new Chairman of the Board of Directors and Independent Director
more

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 2017
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 14/11/2018) Foreign Limit 49.00%
    NVDR Shareholders  1.66% (As of 14/11/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 2.14 3.27 3.57
    20 Days -0.69 1.51 1.94
    60 Days -4.67 -0.36 -2.18
    120 Days -1.72 6.11 5.47
    YTD -12.54 6.75 -7.17
    P/E (X) 11.79 20.80 15.73
    P/BV (X) 2.25 2.10 1.88
    Turnover Ratio (%) 0.01 0.19 0.63

    Top 10 Major Shareholders(@08 May 2018) 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 1,084,808 3.35
    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
    14 Nov 2018    		 2017
    29 Dec 2017    		 2016
    30 Dec 2016
    Listed share (M.) 32.34  32.34  32.34 
    Market Cap (MB.) 2,312.31  2,643.80  1,980.83 
    Price (B./share) 71.50  81.75  61.25 
    BVPS (B./Share) 31.80  25.87  23.91 
    P/BV (X) 2.25  3.16  2.56 
    P/E (X) 11.79  17.38  20.03 
    Turnover Ratio (%) 1.78  10.24  13.45 
    Value Trade/Day (MB.) 0.20  0.93  1.10 
    Beta 0.05  0.02  0.36 
     
    Rate of Return YTD  2017  2016 
    Price Change (%) -12.54  33.47  -4.53 
    Dividend Yield (%) 3.08  3.36  3.37 
    Payout Ratio 0.36  0.58  0.67 
    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 31/12/2018)
    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.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Cash 56.34 59.35 80.68 79.31 66.76
    A/R Net 400.60 393.10 418.20 397.20 392.76
    Inventories 163.36 169.95 160.68 201.46 192.49
    Current Assets 711.59 627.79 720.03 682.40 659.64
    PP&E Net 928.23 835.40 930.18 928.15 825.43
    Total Assets 2,327.66 2,340.54 2,475.75 2,291.37 1,876.35
    OD 400.37 613.74 646.67 550.52 550.89
    A/P Net 307.06 293.88 286.32 277.64 255.48
    Current portion of LT 98.90 94.19 94.70 89.06 55.69
    Current Liabilities 832.41 1,022.84 1,056.93 951.99 898.20
    Non-Current Liabilities 465.39 480.49 481.14 516.65 277.30
    Total Liabilities 1,297.80 1,503.33 1,538.07 1,468.64 1,175.50
    Authorized Capital 323.40 323.40 323.40 323.40 242.55
    Paid-Up Capital 323.40 323.40 323.40 323.40 242.55
    Premium (Discount) on Share Capital 50.28 50.28 50.28 87.83 50.28
    Other Surplus (Deficit) 37.55 126.15 199.16 - 37.55
    Retained Earnings (Deficit) 455.64 336.70 363.78 322.33 280.81
    Treasury Stock - - - - -
    Shareholders' Equity 1,028.51 836.53 936.64 822.14 699.78
    Minority Interest 1.35 0.69 1.04 0.59 1.07
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Sales 2,123.68 2,033.08 2,733.84 2,654.21 2,378.56
    Other Income 62.67 25.22 42.83 45.95 15.75
    Total Revenues 2,186.34 2,058.30 2,776.66 2,700.16 2,394.31
    COGs 1,436.50 1,411.59 1,895.15 1,824.55 1,614.54
    SG&A 515.12 489.95 665.65 701.72 603.68
    Total Expenses 1,951.62 1,901.54 2,560.80 2,526.27 2,218.22
    EBITDA 308.39 229.63 313.27 261.28 244.09
    Depre. & Amor. 73.67 72.87 97.40 87.39 68.00
    EBIT 234.72 156.76 215.86 173.90 176.09
    Net Profit 163.01 103.30 136.40 109.17 123.49
    EPS (B.) 5.04 3.19 4.22 3.80 5.09
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 243.25 172.31 222.03 204.38 170.30
    Investing Cash Flow 96.43 -98.67 -125.13 -444.59 -233.16
    Financing Cash Flow -364.02 -93.61 -95.58 252.76 102.72
    Net Cash Flow -24.34 -19.97 1.32 12.55 39.86
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 0.85 0.61 0.68 0.72
    ROE (%) 21.03 18.90 15.51 14.35
    ROA (%) 12.59 10.11 9.06 8.34
    D/E (X) 1.26 1.80 1.64 1.79
    Total Asset Turnover (X) 1.24 1.23 1.16 1.30
    Gross Profit Margin (%) 32.36 30.57 30.68 31.26
    EBIT Margin (%) 10.74 7.62 7.77 6.44
    Net Profit Margin (%) 7.46 5.02 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 (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 4.46 4.36 3.00 11.59
    COGs Growth 1.76 5.63 3.87 13.01
    Total Revenue Growth 6.22 5.40 2.83 12.77
    Total Expense Growth 2.63 2.69 1.37 13.89
    Net Profit Growth 57.80 71.26 24.95 -11.60

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 7.12 7.55 6.71 6.72
    Avg. Collection Period (Days) 51.28 48.36 54.43 54.32
    Inventory Turnover (Times) 11.52 12.11 10.47 9.26
    Avg. Inventory Period (Days) 31.68 30.13 34.87 39.41
    A/P Turnover (Times) 6.39 6.96 6.72 6.84
    Avg. Payment Period (Days) 57.12 52.43 54.31 53.33
    Cash Cycle (Days) 25.85 26.06 35.00 40.40


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    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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