Siam Food Products PCL: Company Profile and SWOT Analysis - PDF - PDF by ICDResearch

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									Siam Food Products PCL

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Siam Food Products PCL                                                      Financial Snapshot

                                                                            Operating Performance
Fast Facts
                                      Viboon Thani Bldg 1, Bangkok,         The company reported revenue of US$88.21 million
Headquarters Address
                                      10110,Thailand                        during the fiscal year 2010 (2010). The company's
                                                                            revenue grew at a CAGR of 10.22% during 2006–
Telephone                             + 66 2 2877000
                                                                            2010, with an annual growth of 20.28% over 2009. In
                                                                            2010, the company recorded an operating margin of -
Fax                                   + 66 2 6700154                        0.29%, as against 8.21% in 2009.

Website                               www.siamfood.co.th
                                                                            Revenue and Margins
                                      SFP, Stock Exchange of Thailand
Ticker Symbol, Stock Exchange
                                      (Bangkok)

Number of Employees                   2,508

Fiscal Year End                       December

Revenue (in US$ million)              88.21

Revenue (in THB million)              2,818.21




SWOT Analysis                                                               Return on Equity

Strengths                             Weaknesses                            The company recorded a return on equity (ROE) of -
                                                                            0.60% for 2010, as compared to its peers, Malee
                                      Below-Par Performance in Comparison   Sampran Public Company Limited (Ticker: MALEE),
Comprehensive Business Operations
                                      with Competitors                      Chiangmai Frozen Foods PCL (Ticker: CM) and Tipco
                                                                            Foods (Thailand) Public Company Limited (Ticker:
Diversified Geographical Operations   Dependence on Contract Farmers        TIPCO), which recorded ROEs of 27.16%, 12.45%
                                                                            and 8.80% respectively. The company reported an
Strong Liquidity Position                                                   operating margin of -0.29% in 2010.


Opportunities                         Threats                               Return on Equity

                                      Fluctuations in Foreign Exchange
Recovering Economy
                                      Rates

Rising Demand for Private Labels      Political Instability in Thailand

                                      Regulatory Compliance




                                                                            Liquidity Position

                                                                            The company reported a current ratio of 1.97 in 2010,
                                                                            as compared to its peers, Malee Sampran Public
                                                                            Company Limited, Chiangmai Frozen Foods PCL and
                                                                            Tipco Foods (Thailand) Public Company Limited,
                                                                            which recorded current ratios of 0.60, 10.11 and 0.91
                                                                            respectively. As of December 2010, the company
                                                                            recorded cash and short-term investments of worth
                                                                            US$5.86 million, against US$0.78 million current debt.
                                                                            The company reported a debt to equity ratio of 0.15 in
                                                                            2010 as compared to its peers, Malee Sampran
                                                                            Public Company Limited, Chiangmai Frozen Foods
                                                                            PCL and Tipco Foods (Thailand) Public Company
                                                                            Limited, which recorded debt to equity ratios of 0.96,
                                                                            0.00 and 1.32 respectively.




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Siam Food Products PCL - SWOT Profile                                                                               Page 1
Siam Food Products PCL

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency ..........................................................................................................................................................16
      2.3.3       
								
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