CP Axtra Public Company Limited Unsponsored ADR (SMKUY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
CP Axtra Public Company Limited Unsponsored ADR (SMKUY) trades at $1.00. CP Axtra Public Company Limited (SMKUY) operates cash and carry trade centers under the Makro brand in Thailand. Market cap: $10.58B, Sector: Consumer cyclical.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for SMKUY: SMKUY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SMKUY against Consumer Cyclical peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
SMKUY: 1/1 perspectives are bearish.
How is this calculated? →CP Axtra Public Company Limited Unsponsored ADR (SMKUY) Consumer Business Overview
CP Axtra Public Company Limited, operating as Siam Makro, is a Thailand-based operator of cash and carry trade centers catering to businesses and institutions. With a focus on food and non-food products, the company distinguishes itself through its membership-based model and integrated services, navigating a competitive retail landscape.
What Is the Investment Thesis for SMKUY?
CP Axtra Public Company Limited (SMKUY) presents a mixed investment case. The company's established presence in Thailand's cash and carry market provides a stable revenue base. However, a high P/E ratio of 49.14 suggests the stock may be overvalued relative to its earnings, especially considering a modest 1.7% profit margin. Growth catalysts include expansion of its store network and diversification into related services. Investors should monitor the company's ability to improve profitability and manage competition within the evolving retail landscape. The low beta of 0.15 indicates lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
SMKUY Key Highlights
- Market capitalization of $10.58B, reflecting its significant presence in the Thai retail market.
- P/E ratio of 49.14, indicating a premium valuation compared to industry peers.
- Profit margin of 1.7%, highlighting potential areas for improvement in operational efficiency.
- Gross margin of 16.4%, reflecting the company's ability to manage the cost of goods sold.
- Beta of 0.15, suggesting lower volatility compared to the overall market.
Who Are SMKUY's Competitors?
SMKUY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ALEGF Allegro.eu S.A. | $8.23 | +0.00% | $8.34B | 53 |
| DITHF DS Smith Plc | $7.22 | -3.86% | $9.99B | 38 |
| GDNEF Golden Eagle Retail Group Limited | $0.81 | +30.53% | $1.35B | 49 |
| INREF InRetail Perú Corp. | $26.84 | +0.00% | $2.85B | 51 |
| LPPSY LPP S.A. | $20.24 | -0.83% | $7.52B | 56 |
| CWB State Street SPDR Bloomberg Convertible Securities ETF | $105.34 | +0.92% | $4.62B | 47 |
| TDV ProShares - S&P Technology Dividend Aristocrats ETF | $100.89 | +1.33% | $293.21M | 47 |
| DAUG FT Vest U.S. Equity Deep Buffer ETF - August | $46.97 | +0.26% | $363.40M | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SMKUY's Key Strengths?
- Established presence in the Thai market.
- Extensive network of stores.
- Membership-based model.
- Diversified revenue streams.
What Are SMKUY's Weaknesses?
- Relatively low profit margin.
- High P/E ratio.
- Dependence on the Thai market.
- Potential vulnerability to economic fluctuations.
What Could Drive SMKUY Stock Higher?
- Expansion of store network in Thailand and potential entry into new markets.
- Diversification into related services, such as freight, delivery rental, and storage.
- Enhancement of online presence and development of e-commerce platform.
- Implementation of sustainable practices throughout its operations.
What Are the Key Risks for SMKUY?
- Increasing competition from online retailers and other department stores.
- Economic downturns affecting consumer spending and business investment.
- Changes in government regulations impacting the retail sector.
- Currency risk associated with the Thai Baht (THB) and U.S. Dollar (USD) exchange rate.
- Limited financial disclosure and liquidity challenges associated with trading on the OTC market.
What Are the Growth Opportunities for SMKUY?
- Expansion of Store Network: Siam Makro has the opportunity to expand its network of Makro stores and frozen shops, particularly in underserved regions of Thailand and potentially in neighboring countries. This expansion can drive revenue growth by reaching new customer segments and increasing market share. The company operated 135 Makro stores and 7 frozen shops as of December 31, 2021, indicating potential for further expansion. The timeline for this growth opportunity is ongoing, with continuous evaluation of new locations and market conditions.
- Diversification into Related Services: Siam Makro can further diversify its revenue streams by expanding its offerings of freight, delivery rental, and storage services. These services cater to the needs of its business customers and can enhance customer loyalty. The market for these services is growing, driven by the increasing demand for efficient logistics and supply chain solutions. The timeline for this growth opportunity is ongoing, with continuous development and enhancement of service offerings.
- Enhancement of Online Presence: Developing a robust online platform can significantly expand Siam Makro's reach and cater to the evolving preferences of its customers. An e-commerce platform can provide convenience and accessibility, attracting a wider customer base. The online retail market in Thailand is experiencing rapid growth, creating a significant opportunity for Siam Makro to capture market share. The timeline for this growth opportunity is within the next 1-3 years, with ongoing investment in technology and infrastructure.
- Strategic Partnerships and Acquisitions: Siam Makro can pursue strategic partnerships and acquisitions to expand its product offerings, market reach, and operational capabilities. Collaborations with other businesses can provide access to new technologies, customer segments, and distribution channels. The market for partnerships and acquisitions in the retail sector is active, with numerous opportunities for strategic alliances. The timeline for this growth opportunity is ongoing, with continuous evaluation of potential partnerships and acquisition targets.
- Focus on Sustainable Practices: Implementing sustainable practices throughout its operations can enhance Siam Makro's brand image and appeal to environmentally conscious customers. This includes reducing waste, conserving energy, and sourcing products from sustainable suppliers. The demand for sustainable products and practices is growing, driven by increasing consumer awareness and environmental concerns. The timeline for this growth opportunity is ongoing, with continuous implementation of sustainable initiatives and practices.
What Opportunities Does SMKUY Have?
- Expansion of store network.
- Diversification into related services.
- Enhancement of online presence.
- Strategic partnerships and acquisitions.
What Threats Does SMKUY Face?
- Increasing competition from online retailers.
- Evolving consumer preferences.
- Economic downturns.
- Changes in government regulations.
What Are SMKUY's Competitive Advantages?
- Established brand recognition and reputation in the Thai market.
- Extensive network of Makro stores and frozen shops.
- Membership-based model fostering customer loyalty.
- Integrated services offering, including freight, delivery rental, and storage.
What Does SMKUY Do?
Siam Makro Public Company Limited, operating under the Makro name, was established in 1988 and is headquartered in Bangkok, Thailand. The company is a subsidiary of CP ALL Public Company Limited. Makro operates cash and carry trade centers, primarily serving registered members, including small and medium-sized businesses, retailers, caterers, professional sectors, and institutions. Its core business revolves around providing a wide array of food and non-food products. These products are sold through its network of 135 Makro stores and 7 frozen shops as of December 31, 2021. Beyond product sales, Siam Makro offers freight, delivery rental, and storage services. It also provides marketing and consulting services to its members. The company is involved in importing, exporting, trading, and distributing food products, along with technical and support services. Additionally, Siam Makro engages in retail business and mall rental activities, telecommunication business, and the operation of restaurants and minimarts, diversifying its revenue streams within the consumer cyclical sector.
What Products and Services Does SMKUY Offer?
- Operates cash and carry trade centers under the Makro name.
- Sells food and non-food products to registered members.
- Provides freight, delivery rental, and storage services.
- Offers marketing and consulting services to its members.
- Imports, exports, trades in, and distributes food products.
- Engages in retail business and mall rental activities.
- Operates restaurants and minimarts.
How Does SMKUY Make Money?
- Membership-based model targeting small and medium-sized businesses, retailers, caterers, professional sectors, and institutions.
- Revenue generation through the sale of food and non-food products in its cash and carry trade centers.
- Additional revenue streams from freight, delivery rental, storage, marketing, and consulting services.
- Mall rental activities provide a diversified revenue source.
What Industry Does SMKUY Operate In?
Siam Makro operates within the consumer cyclical sector, specifically in the department stores industry. The industry is characterized by evolving consumer preferences, increasing competition from online retailers, and the need for efficient supply chain management. Market trends include a growing demand for convenience and value, particularly among small and medium-sized businesses. Competitors include both domestic and international players, such as Ahold Delhaize (ALEGF) and D.I. Tech Holding (DITHF). Siam Makro differentiates itself through its cash and carry model, targeting business customers with wholesale pricing and a wide range of products.
Who Are SMKUY's Key Customers?
- Small and medium-sized businesses (SMBs)
- Retailers
- Caterers
- Professional sectors
- Institutions
ROE 3%Key Financial Metrics
Return on equity for CP Axtra Public Company Limited Unsponsored ADR stands at 2.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.4%, showing how much profit it generates from its asset base. SMKUY trades at a trailing price-to-earnings ratio of 49.14, above the Consumer Cyclical sector average of ~39x. Its free cash flow yield is 1.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.96 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 2.0%, the inverse of the P/E and a quick read on earnings relative to price.
CP Axtra Public Company Limited Unsponsored ADR (SMKUY) Valuation Context
Valued at $10.58B, SMKUY is classified as a large-cap stock.
Company Profile
CP Axtra Public Company Limited Unsponsored ADR operates in the Department Stores industry within the Consumer Cyclical sector. It is headquartered in Bangkok, TH. The company is led by CEO Tanin Buranamanit. SMKUY has traded publicly since 2014.
F-Score 6/9Financial Health
CP Axtra Public Company Limited Unsponsored ADR's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.84 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project CP Axtra Public Company Limited Unsponsored ADR revenue of about $539.18B for fiscal 2026, with EPS near $0.00. The estimate reflects 16 contributing analysts.
SMKUY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Established presence in the Thai market.
- Extensive network of stores.
- Membership-based model.
- Diversified revenue streams.
Bear Case
- Relatively low profit margin.
- High P/E ratio.
- Dependence on the Thai market.
- Potential vulnerability to economic fluctuations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
SMKUY Latest News
No recent news available for SMKUY.
SMKUY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SMKUY.
Price Targets
Wall Street price target analysis for SMKUY.
SMKUY MoonshotScore
What does this score mean?
The MoonshotScore rates SMKUY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry Department StoresLeadership: Tanin Buranamanit
CEO
Tanin Buranamanit serves as the CEO of CP Axtra Public Company Limited. His background includes extensive experience in the retail and consumer goods industries. He has held various leadership positions within the CP Group, contributing to the strategic development and operational efficiency of its subsidiaries. His expertise spans across areas such as supply chain management, marketing, and business development. He is known for his focus on innovation and customer-centric strategies.
Track Record: Under Tanin Buranamanit's leadership, CP Axtra has focused on expanding its market presence and enhancing its service offerings. Key achievements include the expansion of the Makro store network and the implementation of new technologies to improve operational efficiency. He has also overseen the development of strategic partnerships to expand the company's product offerings and reach new customer segments. His tenure has been marked by a focus on sustainable growth and customer satisfaction.
CP Axtra Public Company Limited Unsponsored ADR ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. SMKUY is an unsponsored Level 1 ADR, meaning it trades over-the-counter (OTC) without direct involvement from CP Axtra. This allows U.S. investors to invest in CP Axtra without dealing with foreign exchanges.
- Home Market Ticker: Stock Exchange of Thailand (SET), Bangkok, Thailand
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: SMKU
SMKUY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure and may not meet minimum listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risk due to less stringent regulatory oversight and potential for information asymmetry compared to exchange-listed companies. This tier is also known for having the least liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Low trading volume and liquidity can lead to price volatility.
- Less stringent regulatory oversight compared to exchange-listed companies.
- Potential for fraud or manipulation due to limited scrutiny.
- Higher risk of delisting or trading suspension.
- Verify the company's registration and legal status.
- Assess the availability and reliability of financial information.
- Evaluate the company's business model and competitive landscape.
- Research the background and reputation of the company's management team.
- Monitor trading volume and price movements for signs of manipulation.
- Understand the risks associated with investing in OTC Other stocks.
- Consult with a financial advisor before making any investment decisions.
- Subsidiary of CP ALL Public Company Limited.
- Operates a well-established business with a long operating history.
- Presence of physical stores and operations.
- ADR listing, even at Level 1, suggests some level of compliance.
CP Axtra Public Company Limited Unsponsored ADR Consumer Cyclical Stock: Key Questions Answered
What does CP Axtra Public Company Limited Unsponsored ADR do?
CP Axtra Public Company Limited, operating as Siam Makro, runs cash and carry trade centers primarily in Thailand. It serves registered members, including small and medium-sized businesses, retailers, caterers, and institutions. The company offers a wide range of food and non-food products at wholesale prices, along with services like freight, delivery, and consulting. Its business model focuses on providing value and convenience to business customers, differentiating it from traditional retail stores.
What do analysts say about SMKUY stock?
As of 2026-03-16, a comprehensive analyst consensus for SMKUY is not readily available, likely due to its status as an unsponsored Level 1 ADR trading on the OTC market. Key valuation metrics include a P/E ratio of 49.14 and a profit margin of 1.7%. Investors may want to evaluate these metrics in relation to the company's growth prospects and the competitive landscape. The company's expansion plans and diversification efforts are key factors to monitor.
What are the main risks for SMKUY?
The main risks for SMKUY include increasing competition from online retailers and other department stores, potential economic downturns affecting consumer spending, and changes in government regulations. As an ADR, it is also subject to currency risk. Furthermore, trading on the OTC market presents risks related to limited financial disclosure and liquidity. Investors should carefully evaluate these risks before investing in SMKUY.
What are the key factors to evaluate for SMKUY?
Evaluate SMKUY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does SMKUY data refresh on this page?
SMKUY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SMKUY's recent stock price performance?
CP Axtra Public Company Limited Unsponsored ADR (SMKUY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established presence in the Thai market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SMKUY overvalued or undervalued right now?
Valuing CP Axtra Public Company Limited Unsponsored ADR (SMKUY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying SMKUY?
Before investing in CP Axtra Public Company Limited Unsponsored ADR (SMKUY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of December 31, 2021.
- Analyst consensus may be limited due to the company's ADR status and trading venue.
- OTC market investments carry higher risk than exchange-listed securities.