Obermatt

Thai Union Group

SET:TU · TH0450010Y08
Food ProductsLarge

360

13
EV / EBIT7
Price / Owner Earnings70
Owner Earnings Yield50
Dividend Yield79
Price/Sales79
EV / Gross Profit45
Price/Book79
Return on Capital10
Cash Return on Capital45
Return on Equity55
EBIT Margin23
Gross Profitability18
Cash Conversion21
Accruals59
Owner Earnings Margin44
Sales growth22
Profit Growth63
Long-Term EPS Growth67
Owner Earnings Growth54
Reinvestment83
Price momentum74
Debt load14
Refinancing96
Debt Payback21
Liquidity13
Analyst ratings40
Opinion Changes50
Price Target Upside41
Market mood80
Value Creation12/20creating 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

Thai Union Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryFood Products
SizeLarge
TypePublic Company
ExchangeSET
Founded1994
Employees924
ISINTH0450010Y08
Last UpdateApr 2, 2026
Themes
Pet CarePackaging ServicesAquaculturePet Food and SuppliesAnimal FeedConsumer GoodsFood and BeverageSeafoodSustainability

Description

Thai Union Group Public Company Limited operates primarily in the frozen, chilled, and canned seafood manufacturing and sales sectors. Established in Thailand, the company has expanded its reach internationally through a network of subsidiaries that…

Analysis

Middle-of-the-road

Thai Union Group 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 10.1× 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 -3% yearly growth; analysts expect 6%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is fragile. The company scores 12/20 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
78
2023202420252026

All-time high

85

Jan 2023

All-time low

11

Mar 2023

Average rank

45

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
79
79
71
76
Price/Earnings
65
55
60
57
Price/Book
79
83
84
67
Dividend Yield
79
69
74
73
Value (overall)
88
77
83
77

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 →