Obermatt

C.P. All

SET:CPALL · TH0737010Y08
Food & Staples RetailingXX-Large

360

48
EV / EBIT31
Price / Owner Earnings71
Owner Earnings Yield67
Dividend Yield65
Price/Sales59
EV / Gross Profit42
Price/Book14
Return on Capital21
Cash Return on Capital45
Return on Equity41
EBIT Margin65
Gross Profitability13
Cash Conversion52
Accruals32
Owner Earnings Margin63
Sales growth55
Profit Growth98
Long-Term EPS Growth66
Owner Earnings Growth59
Reinvestment53
Price momentum53
Debt load30
Refinancing8
Debt Payback29
Liquidity59
Analyst ratings83
Opinion Changes50
Price Target Upside96
Market mood79
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

C.P. All clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryFood & Staples Retailing
SizeXX-Large
TypePublic Company
ExchangeSET
Founded1999
Employees948
ISINTH0737010Y08
Last UpdateApr 2, 2026
Themes
Online GroceryFast-Moving Consumer GoodsFranchiseRetailRetail Technology

Description

CP ALL Public Company Limited is a leading company in the retail and wholesale sector, primarily engaged in the operation of convenience stores. The company operates a vast network of convenience stores, providing a wide range of products and service…

Analysis

Middle-of-the-road

CP ALL Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 14.6× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 2% yearly growth; analysts expect 9%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is stretched. The company scores 10/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
70
2023202420252026

All-time high

83

Mar 2026

All-time low

6

Sep 2025

Average rank

35

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
59
66
60
52
Price/Earnings
37
31
21
24
Price/Book
14
26
19
28
Dividend Yield
65
61
38
34
Value (overall)
33
49
23
23

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →