Obermatt

CP Axtra

SET:CPAXT · THC450010002
Food & Staples RetailingX-Large

360

3
EV / EBIT25
Price / Owner Earnings42
Owner Earnings Yield49
Dividend Yield69
Price/Sales88
EV / Gross Profit24
Price/Book96
Return on Capital7
Cash Return on Capital32
Return on Equity13
EBIT Margin37
Gross Profitability5
Cash Conversion49
Accruals15
Owner Earnings Margin45
Sales growth25
Profit Growth93
Long-Term EPS Growth56
Owner Earnings Growth19
Reinvestment8
Price momentum33
Debt load38
Refinancing6
Debt Payback20
Liquidity37
Analyst ratings25
Opinion Changes50
Price Target Upside52
Market mood67
Value Creation8/20creating 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

CP Axtra 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
SizeX-Large
TypePublic Company
ExchangeSET
Founded1988
Employees1,030
ISINTHC450010002
Last UpdateApr 2, 2026
Themes
Online GroceryFast-Moving Consumer GoodsFood DeliveryRetail

Description

CP Axtra Public Company Limited (CP Axtra) operates in the wholesale and retail industry. The company primarily engages in the sale of goods through its wholesale business, retail operations, and management of mall services. The company adopts an ext…

Analysis

Weak and unloved

CP Axtra Public Company Limited scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 21.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 8%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
24
2026

All-time high

42

Mar 2026

All-time low

13

Feb 2026

Average rank

26

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
88
Price/Earnings
35
Price/Book
96
Dividend Yield
69
Value (overall)
90

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 →