Business description: Thai Union Group

Thai Union Group Public Company Limited is a Thailand-based company. The principal activities of the Company and its Thai subsidiaries are the manufacture and sale of frozen, chilled and canned seafood. The Company’s segment includes ambient seafood, frozen and chilled seafood and related businesses, pet food, and value-added and other businesses. The Company’s subsidiaries are also engaged in packaging, printing, pet food, food ingredients and food supplemental businesses. Its subsidiaries in the United States distribute pet food, lobster, and other seafood products and import shrimp and other frozen seafood products for sale to restaurant chains, retailers and wholesalers. Its subsidiaries in Europe manufacture and distribute ambient and chilled seafood products to countries in Europe, the United States and Australia under their trademarks. Its subsidiaries in Asia manufacture and distribute seafood in Vietnam and China. The Company has over 17 branches in Bangkok and Samutsakorn.

Number of employees: 14,319

Sales by Activity: Thai Union Group

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

Ambient

70.12B 82.45B 76.03B 81.52B 79.38B

Frozen and Chilled Seafood and Related Business

63.82B 63.2B 51.41B 46.13B 45.75B

Petcare

- 26.44B 18.6B 21.87B 23.42B

Pet Food, Value-Added and Other Businesses

32.28B - - - -

Value-added & Others

- 17.89B 17.21B 18.26B 17.4B

Eliminations

-25.17B -34.4B -27.1B -29.36B -33.23B

Geographical breakdown of sales: Thai Union Group

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

US

60.76B 66.49B 53.87B 52.24B 51.15B

Europe

39.93B 40.96B 40.29B 41.49B 40.22B

Others

18.62B 22.77B 18.15B 21.66B 18.92B

Thailand

14.59B 16.4B 15.68B 15.23B 15.85B

Japan

7.16B 8.96B 8.16B 7.82B 6.57B

Executive Committee: Thai Union Group

Manager TitleAgeSince
Chief Executive Officer 59 09/03/2014
Director of Finance/CFO 47 -
Chief Tech/Sci/R&D Officer - -
Compliance Officer 41 08/08/2021
Compliance Officer 58 -

Composition of the Board of Directors: Thai Union Group

Director TitleAgeSince
Director/Board Member 63 04/01/1998
Director/Board Member 69 21/03/2010
Chairman 67 07/08/2022
Director/Board Member 49 29/04/2001
Chairman 59 -
Chairman 83 -
Director/Board Member 66 02/04/2015
Director/Board Member 56 09/05/2021
Director/Board Member 54 08/08/2021
Director/Board Member 64 -

Shareholders: Thai Union Group

NameEquities%Valuation
9.401 %
400,038,900 9.401 % 136 M ฿
5.736 %
244,068,864 5.736 % 83 M ฿
5.611 %
238,745,120 5.611 % 81 M ฿
4.711 %
200,442,084 4.711 % 68 M ฿
Social Security Office of Thailand
3.392 %
144,332,108 3.392 % 49 M ฿
NameEquities%Valuation
State Street Global Advisors Ltd.
0.2228 %
9,482,375 0.2228 % 3 M ฿
RAM Active Investments SA
0.0483 %
2,056,482 0.0483 % 698 381 ฿
State Street Global Advisors Europe Ltd.
0.007379 %
314,000 0.007379 % 106 634 ฿
State Street Global Advisors Ltd. (Canada)
0.000682 %
29,000 0.000682 % 9 848 ฿
NameEquities%Valuation
Nordea Investment Management AB
0.2641 %
11,239,200 0.2641 % 4 M ฿
West Yorkshire Pension Fund
0.1904 %
8,103,731 0.1904 % 3 M ฿
Carne Global Fund Managers (Schweiz) AG
0.0279 %
1,185,200 0.0279 % 445 623 ฿
WBS Hünicke Vermögensverwaltung GmbH
0.004312 %
183,500 0.004312 % 68 994 ฿
Security Kapitalanlage AG
0.001645 %
70,000 0.001645 % 26 319 ฿

Holdings: Thai Union Group

NameEquities%Valuation
2,364,659,681 78.82% 1 133 M $
32,985,456 24.21% 407 M $
400,038,900 9.4% 136 M $
510,000,150 51% 103 M $
200,000,000 10% 25 M $

Company details: Thai Union Group

Thai Union Group Public Co. Ltd.

72/1 Moo 7, Sethakit 1 Road

74000, Samut Sakhon

+66 3 481 6500

http://www.thaiunion.com
address Thai Union Group(TU)

Group companies: Thai Union Group

NameCategory and Sector
Food: Meat/Fish/Dairy
Food: Meat/Fish/Dairy
Food: Specialty/Candy
Food: Meat/Fish/Dairy

Seafood Product Preparation & Packaging

Change 5d. change 1-year change 3-years change Capi.($)
-1.69%+0.87%+14.85%-20.00% 1.39B
-1.57%-5.40%+4.24%+0.41% 11.11B
-1.48%-4.92%+9.09%+17.88% 7.81B
-1.51%-2.60%+0.27%-18.34% 2.86B
-0.74%-0.29%+39.32%+102.01% 2.33B
-1.32%-3.64%-3.23%-5.36% 1.97B
+4.27%+1.43%-7.46%-7.51% 1.18B
0.00%+0.67%+21.77% - 1.01B
+0.99%0.00%-24.07%-22.05% 591M
0.00%0.00%+53.02%+36.22% 550M
Average -0.31%-1.29%+10.78%+9.25% 3.08B
Weighted average by Cap. -1.12%-3.56%+8.21%+9.71%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
11.60THB
Average target price
13.10THB
Spread / Average Target
+12.93%

Quarterly revenue - Rate of surprise

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