View Future GrowthThai Packaging & Printing 過去の業績過去 基準チェック /56Thai Packaging & Printingは、平均年間14%の収益成長を遂げていますが、 Packaging業界の収益は、年間 成長しています。収益は、平均年間4.3% 1%収益成長率で 成長しています。 Thai Packaging & Printingの自己資本利益率は6.3%であり、純利益率は22.1%です。主要情報14.00%収益成長率14.00%EPS成長率Packaging 業界の成長0.64%収益成長率0.98%株主資本利益率6.28%ネット・マージン22.07%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.56 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.56 (up from ฿0.22 in 1Q 2025). Revenue: ฿75.9m (up 6.2% from 1Q 2025). Net income: ฿21.1m (up 160% from 1Q 2025). Profit margin: 28% (up from 11% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿1.31 (vs ฿0.63 in FY 2024)Full year 2025 results: EPS: ฿1.31 (up from ฿0.63 in FY 2024). Revenue: ฿276.9m (up 9.8% from FY 2024). Net income: ฿49.1m (up 108% from FY 2024). Profit margin: 18% (up from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.51 (vs ฿0.35 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.51 (up from ฿0.35 in 3Q 2024). Revenue: ฿69.3m (up 8.7% from 3Q 2024). Net income: ฿19.2m (up 44% from 3Q 2024). Profit margin: 28% (up from 21% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.18 in 2Q 2024). Revenue: ฿58.6m (down 7.0% from 2Q 2024). Net income: ฿6.21m (down 6.8% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (up from ฿0.034 in 1Q 2024). Revenue: ฿71.4m (up 23% from 1Q 2024). Net income: ฿8.10m (up ฿6.84m from 1Q 2024). Profit margin: 11% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.63 (vs ฿0.32 in FY 2023)Full year 2024 results: EPS: ฿0.63 (up from ฿0.32 in FY 2023). Revenue: ฿252.2m (up 16% from FY 2023). Net income: ฿23.6m (up 97% from FY 2023). Profit margin: 9.4% (up from 5.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.56 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.56 (up from ฿0.22 in 1Q 2025). Revenue: ฿75.9m (up 6.2% from 1Q 2025). Net income: ฿21.1m (up 160% from 1Q 2025). Profit margin: 28% (up from 11% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to ฿11.00. The fair value is estimated to be ฿9.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿10.60, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Packaging industry in Thailand. Total loss to shareholders of 37% over the past three years.New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿427.5m market cap, or US$13.3m).Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿1.31 (vs ฿0.63 in FY 2024)Full year 2025 results: EPS: ฿1.31 (up from ฿0.63 in FY 2024). Revenue: ฿276.9m (up 9.8% from FY 2024). Net income: ฿49.1m (up 108% from FY 2024). Profit margin: 18% (up from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 01Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿12.20. The fair value is estimated to be ฿9.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%.お知らせ • Feb 27Thai Packaging & Printing Public Company Limited announces Annual dividend, payable on May 08, 2026Thai Packaging & Printing Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 08, 2026, ex-date on March 13, 2026 and record date on March 16, 2026.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿12.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Packaging industry in Thailand. Total loss to shareholders of 32% over the past three years.お知らせ • Feb 27Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 10, 2026Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 10, 2026, at 09:30 SE Asia Standard Time. Location: tpp where located at 9/9 moo 6, kingkaew road, rachatheva, bangplee, samutprakarn10540 ThailandBuy Or Sell Opportunity • Nov 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿10.60. The fair value is estimated to be ฿13.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.51 (vs ฿0.35 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.51 (up from ฿0.35 in 3Q 2024). Revenue: ฿69.3m (up 8.7% from 3Q 2024). Net income: ฿19.2m (up 44% from 3Q 2024). Profit margin: 28% (up from 21% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.18 in 2Q 2024). Revenue: ฿58.6m (down 7.0% from 2Q 2024). Net income: ฿6.21m (down 6.8% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (up from ฿0.034 in 1Q 2024). Revenue: ฿71.4m (up 23% from 1Q 2024). Net income: ฿8.10m (up ฿6.84m from 1Q 2024). Profit margin: 11% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿446.3m market cap, or US$13.4m).お知らせ • Apr 10Thai Packaging & Printing Public Company Limited Approves the Dividend for the Year 2024, Payable on 7 May, 2025Thai Packaging & Printing Public Company Limited at its Annual General Meeting of Ordinary Shareholders held on 9 April, 2025, approved the dividend from the Company net profit after deducted legal reserved at THB 0.45 per share amount 37,500,000 shares which has total amount is THB 16,875,000. The dividend will be paid to the shareholders whose names were recorded in the shareholders' list as of 14th March, 2025 ("the Record Date"). The Dividend Payment will be payable within 7 May, 2025.New Risk • Mar 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (฿416.3m market cap, or US$12.3m).Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.63 (vs ฿0.32 in FY 2023)Full year 2024 results: EPS: ฿0.63 (up from ฿0.32 in FY 2023). Revenue: ฿252.2m (up 16% from FY 2023). Net income: ฿23.6m (up 97% from FY 2023). Profit margin: 9.4% (up from 5.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year.お知らせ • Mar 01+ 1 more updateThai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2025Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2025, at 09:30 SE Asia Standard Time. Location: tpp where located at 9/9 moo 6, kingkaew road, rachatheva, bangplee, samutprakarn10540, ThailandValuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿12.20, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total loss to shareholders of 38% over the past three years.Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.091 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.18 (up from ฿0.091 in 2Q 2023). Revenue: ฿63.0m (up 18% from 2Q 2023). Net income: ฿6.66m (up 96% from 2Q 2023). Profit margin: 11% (up from 6.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿468.8m market cap, or US$13.3m).New Risk • May 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿525.0m market cap, or US$14.3m).Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.034 (vs ฿0.005 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.034 (up from ฿0.005 loss in 1Q 2023). Revenue: ฿58.2m (up 3.3% from 1Q 2023). Net income: ฿1.26m (up ฿1.44m from 1Q 2023). Profit margin: 2.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Mar 27Now 26% undervaluedOver the last 90 days, the stock has risen 14% to ฿16.40. The fair value is estimated to be ฿22.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿17.90, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 22% over the past three years.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 03 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.0%).Declared Dividend • Mar 02Dividend reduced to ฿0.22Dividend of ฿0.22 is 56% lower than last year. Ex-date: 14th March 2024 Payment date: 3rd May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 02Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 11, 2024Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 11, 2024, at 09:30 SE Asia Standard Time. Location: TPP where located at 9/9 Moo 6, Kingkaew Road, Rachatheva, Bangplee, Samutprakarn10540. Samuprakarn Thailand Agenda: To Certify the Minutes of the Annual General Meeting of Shareholders for 2023; To Certify the Company's Annual Report and the Board of Directors' Report for 2023; To consider Approval for the Company's Statement of Financial Position and Statement of Comprehensive Income as of 31st December 2023.お知らせ • Mar 01Thai Packaging & Printing Public Company Limited Proposes Dividend for 1 January 2023 to 31 December, 2023, Payable Within May 3, 2024The Meeting of the Board of Directors of Thai Packaging & Printing Public Company Limited ("TPP") was held on 29th February, 2024, proposed dividend payment from allocation from 1 January 2023 to 31 December, 2023 at THB 0.22 per share for the issued and paid-up 37,500,000 shares total amount of THB 8,250,000 The dividend will be paid to the shareholders within 3rd May 2024, as the case maybe, is uncertainty as it has not yet been approved by the meeting of shareholders.New Risk • Feb 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿615.0m market cap, or US$17.1m).New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (฿566.3m market cap, or US$16.1m).Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿17.00, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 61% over the past three years.お知らせ • Aug 29Thai Packaging & Printing Public Company Limited Announces Executive ChangesThe Board of Directors of Thai Packaging & Printing Public Company Limited has held the meeting on 15 August, 2023 and approved the resignation of Mr. Theerapol Malikul from the title of Company Secretary and appointed Mrs. Vilai Wantamahintra as the new Company Secretary effective on 1 October, 2023.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.091 (vs ฿0.068 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.091 (up from ฿0.068 in 2Q 2022). Revenue: ฿55.4m (down 12% from 2Q 2022). Net income: ฿3.39m (up 33% from 2Q 2022). Profit margin: 6.1% (up from 4.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19First quarter 2023 earnings released: ฿0.005 loss per share (vs ฿0.22 profit in 1Q 2022)First quarter 2023 results: ฿0.005 loss per share (down from ฿0.22 profit in 1Q 2022). Revenue: ฿56.4m (down 13% from 1Q 2022). Net loss: ฿176.0k (down 102% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.50 per share at 10% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 05 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.1%).Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.35 (vs ฿0.34 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.35 (up from ฿0.34 in 3Q 2021). Revenue: ฿81.8m (up 20% from 3Q 2021). Net income: ฿13.1m (up 3.3% from 3Q 2021). Profit margin: 16% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Kittimeth Muangaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: ฿0.068 (vs ฿0.033 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.068 (up from ฿0.033 in 2Q 2021). Revenue: ฿62.9m (up 1.8% from 2Q 2021). Net income: ฿2.56m (up 106% from 2Q 2021). Profit margin: 4.1% (up from 2.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.Buying Opportunity • Jun 08Now 25% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be ฿32.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years, while earnings per share has been flat.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 34% share price gain to ฿28.00, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 77% over the past three years.Reported Earnings • May 19First quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.23 in 1Q 2021)First quarter 2022 results: EPS: ฿0.22 (down from ฿0.23 in 1Q 2021). Revenue: ฿64.5m (up 8.8% from 1Q 2021). Net income: ฿8.14m (down 6.2% from 1Q 2021). Profit margin: 13% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Kittimeth Muangaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 13Thai Packaging & Printing Public Company Limited Approves the Dividend Payment for the Year of 2021Thai Packaging & Printing Public Company Limited proposes at the AGM held on April 12, 2022 approved from an unappropriated retained earnings at THB 1 per share amount 37,500,000 shares which has total amount is THB 37,500,000. The dividend will be paid to the shareholders whose names were recorded in the shareholders' list as of 14th March, 2022 ("the Record Date").Upcoming Dividend • Mar 04Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 09 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.78 (up from ฿0.10 loss in FY 2020). Revenue: ฿258.7m (up 5.4% from FY 2020). Net income: ฿29.1m (up ฿33.0m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.お知らせ • Feb 26+ 1 more updateThai Packaging & Printing Public Company Limited Proposes Dividend, Payable within 9 May, 2022Thai Packaging & Printing Public Company Limited, at the board meeting held on 25 February, 2022 the board proposed to the AGM dividend from retained earnings profit before allocation at THB 78,881,307 at THB 1.00 per share for 37,500,000 shares total amount of THB 37,500,000 comparing with dividend payment for the year 2020 at THB 0.40 per share. The dividend will be paid to the shareholders within 9 May, 2022, as the case may be, is uncertainty as it has not yet been approved by the meeting of shareholders. The AGM will be held on April 12, 2022.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ฿18.50, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 4.8% over the past three years.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.043 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿68.0m (up 17% from 3Q 2020). Net income: ฿12.6m (up ฿14.2m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Upcoming Dividend • Nov 18Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 09 December 2021. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.7%).Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿22.00, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 47% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.033 (vs ฿0.23 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿61.8m (down 8.4% from 2Q 2020). Net income: ฿1.24m (down 86% from 2Q 2020). Profit margin: 2.0% (down from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿24.30, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 35% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.41 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿59.2m (down 1.4% from 1Q 2020). Net income: ฿8.68m (up ฿24.2m from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Mar 09Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2021Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2021, at 09:30 SE Asia Standard Time. Location: Company Conference Room located at 9/9 Moo 6, Kingkaew Road, Rachathewa, Bangplee, Samutprakarn ThailandIs New 90 Day High Low • Mar 08New 90-day high: ฿15.00The company is up 25% from its price of ฿12.00 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 7.0% over the same period.Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.10 loss per share (vs ฿0.96 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿245.4m (down 28% from FY 2019). Net loss: ฿3.85m (down 111% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 27New 90-day high: ฿14.70The company is up 25% from its price of ฿11.80 on 29 October 2020. The Thai market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Packaging industry, which is up 27% over the same period.Is New 90 Day High Low • Jan 08New 90-day high: ฿14.30The company is up 7.0% from its price of ฿13.40 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is down 1.0% over the same period.Reported Earnings • Nov 18Third quarter 2020 earnings released: ฿0.043 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿58.3m (down 23% from 3Q 2019). Net loss: ฿1.61m (down 139% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.Is New 90 Day High Low • Oct 27New 90-day low: ฿11.50The company is down 23% from its price of ฿15.00 on 29 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period.Is New 90 Day High Low • Oct 05New 90-day low: ฿12.90The company is down 19% from its price of ฿16.00 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 19% over the same period.収支内訳Thai Packaging & Printing の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:TPP 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 262816265031 Dec 252774963030 Sep 252673660030 Jun 252613060031 Mar 252653060031 Dec 242522460030 Sep 242352960030 Jun 242291760031 Mar 242191360031 Dec 232171260030 Sep 232301060030 Jun 232542260031 Mar 232642261031 Dec 222723061030 Sep 222793063030 Jun 222653063031 Mar 222642962031 Dec 212592961030 Sep 212492759030 Jun 212391359031 Mar 212352058031 Dec 20245-459030 Sep 20260-661030 Jun 20278063031 Mar 20316867031 Dec 193393669030 Sep 193422668030 Jun 193513369031 Mar 193281769031 Dec 18312667030 Sep 183121968030 Jun 183021766031 Mar 182891964031 Dec 172691763030 Sep 172611361030 Jun 17259762031 Mar 17271962031 Dec 162871263030 Sep 16282567030 Jun 16297-169031 Mar 16297971031 Dec 152961470030 Sep 152971471030 Jun 1529124710質の高い収益: TPPは 高品質の収益 を持っています。利益率の向上: TPPの現在の純利益率 (22.1%)は、昨年(11.5%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TPPの収益は過去 5 年間で年間14%増加しました。成長の加速: TPPの過去 1 年間の収益成長率 ( 103.9% ) は、5 年間の平均 ( 年間14%を上回っています。収益対業界: TPPの過去 1 年間の収益成長率 ( 103.9% ) はPackaging業界7.4%を上回りました。株主資本利益率高いROE: TPPの 自己資本利益率 ( 6.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 04:25終値2026/05/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Thai Packaging & Printing Public Company Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.56 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.56 (up from ฿0.22 in 1Q 2025). Revenue: ฿75.9m (up 6.2% from 1Q 2025). Net income: ฿21.1m (up 160% from 1Q 2025). Profit margin: 28% (up from 11% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿1.31 (vs ฿0.63 in FY 2024)Full year 2025 results: EPS: ฿1.31 (up from ฿0.63 in FY 2024). Revenue: ฿276.9m (up 9.8% from FY 2024). Net income: ฿49.1m (up 108% from FY 2024). Profit margin: 18% (up from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.51 (vs ฿0.35 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.51 (up from ฿0.35 in 3Q 2024). Revenue: ฿69.3m (up 8.7% from 3Q 2024). Net income: ฿19.2m (up 44% from 3Q 2024). Profit margin: 28% (up from 21% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.18 in 2Q 2024). Revenue: ฿58.6m (down 7.0% from 2Q 2024). Net income: ฿6.21m (down 6.8% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (up from ฿0.034 in 1Q 2024). Revenue: ฿71.4m (up 23% from 1Q 2024). Net income: ฿8.10m (up ฿6.84m from 1Q 2024). Profit margin: 11% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.63 (vs ฿0.32 in FY 2023)Full year 2024 results: EPS: ฿0.63 (up from ฿0.32 in FY 2023). Revenue: ฿252.2m (up 16% from FY 2023). Net income: ฿23.6m (up 97% from FY 2023). Profit margin: 9.4% (up from 5.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.56 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.56 (up from ฿0.22 in 1Q 2025). Revenue: ฿75.9m (up 6.2% from 1Q 2025). Net income: ฿21.1m (up 160% from 1Q 2025). Profit margin: 28% (up from 11% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to ฿11.00. The fair value is estimated to be ฿9.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿10.60, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Packaging industry in Thailand. Total loss to shareholders of 37% over the past three years.
New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿427.5m market cap, or US$13.3m).
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: ฿1.31 (vs ฿0.63 in FY 2024)Full year 2025 results: EPS: ฿1.31 (up from ฿0.63 in FY 2024). Revenue: ฿276.9m (up 9.8% from FY 2024). Net income: ฿49.1m (up 108% from FY 2024). Profit margin: 18% (up from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 01Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿12.20. The fair value is estimated to be ฿9.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%.
お知らせ • Feb 27Thai Packaging & Printing Public Company Limited announces Annual dividend, payable on May 08, 2026Thai Packaging & Printing Public Company Limited announced Annual dividend of THB 1.0000 per share payable on May 08, 2026, ex-date on March 13, 2026 and record date on March 16, 2026.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿12.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Packaging industry in Thailand. Total loss to shareholders of 32% over the past three years.
お知らせ • Feb 27Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 10, 2026Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 10, 2026, at 09:30 SE Asia Standard Time. Location: tpp where located at 9/9 moo 6, kingkaew road, rachatheva, bangplee, samutprakarn10540 Thailand
Buy Or Sell Opportunity • Nov 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to ฿10.60. The fair value is estimated to be ฿13.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.51 (vs ฿0.35 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.51 (up from ฿0.35 in 3Q 2024). Revenue: ฿69.3m (up 8.7% from 3Q 2024). Net income: ฿19.2m (up 44% from 3Q 2024). Profit margin: 28% (up from 21% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: ฿0.17 (vs ฿0.18 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.17 (down from ฿0.18 in 2Q 2024). Revenue: ฿58.6m (down 7.0% from 2Q 2024). Net income: ฿6.21m (down 6.8% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.034 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (up from ฿0.034 in 1Q 2024). Revenue: ฿71.4m (up 23% from 1Q 2024). Net income: ฿8.10m (up ฿6.84m from 1Q 2024). Profit margin: 11% (up from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿446.3m market cap, or US$13.4m).
お知らせ • Apr 10Thai Packaging & Printing Public Company Limited Approves the Dividend for the Year 2024, Payable on 7 May, 2025Thai Packaging & Printing Public Company Limited at its Annual General Meeting of Ordinary Shareholders held on 9 April, 2025, approved the dividend from the Company net profit after deducted legal reserved at THB 0.45 per share amount 37,500,000 shares which has total amount is THB 16,875,000. The dividend will be paid to the shareholders whose names were recorded in the shareholders' list as of 14th March, 2025 ("the Record Date"). The Dividend Payment will be payable within 7 May, 2025.
New Risk • Mar 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (฿416.3m market cap, or US$12.3m).
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: ฿0.63 (vs ฿0.32 in FY 2023)Full year 2024 results: EPS: ฿0.63 (up from ฿0.32 in FY 2023). Revenue: ฿252.2m (up 16% from FY 2023). Net income: ฿23.6m (up 97% from FY 2023). Profit margin: 9.4% (up from 5.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year.
お知らせ • Mar 01+ 1 more updateThai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2025Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2025, at 09:30 SE Asia Standard Time. Location: tpp where located at 9/9 moo 6, kingkaew road, rachatheva, bangplee, samutprakarn10540, Thailand
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿12.20, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total loss to shareholders of 38% over the past three years.
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: ฿0.18 (vs ฿0.091 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.18 (up from ฿0.091 in 2Q 2023). Revenue: ฿63.0m (up 18% from 2Q 2023). Net income: ฿6.66m (up 96% from 2Q 2023). Profit margin: 11% (up from 6.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿468.8m market cap, or US$13.3m).
New Risk • May 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿525.0m market cap, or US$14.3m).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: ฿0.034 (vs ฿0.005 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.034 (up from ฿0.005 loss in 1Q 2023). Revenue: ฿58.2m (up 3.3% from 1Q 2023). Net income: ฿1.26m (up ฿1.44m from 1Q 2023). Profit margin: 2.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Mar 27Now 26% undervaluedOver the last 90 days, the stock has risen 14% to ฿16.40. The fair value is estimated to be ฿22.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ฿17.90, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 22% over the past three years.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.22 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 03 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.0%).
Declared Dividend • Mar 02Dividend reduced to ฿0.22Dividend of ฿0.22 is 56% lower than last year. Ex-date: 14th March 2024 Payment date: 3rd May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 02Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 11, 2024Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 11, 2024, at 09:30 SE Asia Standard Time. Location: TPP where located at 9/9 Moo 6, Kingkaew Road, Rachatheva, Bangplee, Samutprakarn10540. Samuprakarn Thailand Agenda: To Certify the Minutes of the Annual General Meeting of Shareholders for 2023; To Certify the Company's Annual Report and the Board of Directors' Report for 2023; To consider Approval for the Company's Statement of Financial Position and Statement of Comprehensive Income as of 31st December 2023.
お知らせ • Mar 01Thai Packaging & Printing Public Company Limited Proposes Dividend for 1 January 2023 to 31 December, 2023, Payable Within May 3, 2024The Meeting of the Board of Directors of Thai Packaging & Printing Public Company Limited ("TPP") was held on 29th February, 2024, proposed dividend payment from allocation from 1 January 2023 to 31 December, 2023 at THB 0.22 per share for the issued and paid-up 37,500,000 shares total amount of THB 8,250,000 The dividend will be paid to the shareholders within 3rd May 2024, as the case maybe, is uncertainty as it has not yet been approved by the meeting of shareholders.
New Risk • Feb 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿615.0m market cap, or US$17.1m).
New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (฿566.3m market cap, or US$16.1m).
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿17.00, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 61% over the past three years.
お知らせ • Aug 29Thai Packaging & Printing Public Company Limited Announces Executive ChangesThe Board of Directors of Thai Packaging & Printing Public Company Limited has held the meeting on 15 August, 2023 and approved the resignation of Mr. Theerapol Malikul from the title of Company Secretary and appointed Mrs. Vilai Wantamahintra as the new Company Secretary effective on 1 October, 2023.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.091 (vs ฿0.068 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.091 (up from ฿0.068 in 2Q 2022). Revenue: ฿55.4m (down 12% from 2Q 2022). Net income: ฿3.39m (up 33% from 2Q 2022). Profit margin: 6.1% (up from 4.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19First quarter 2023 earnings released: ฿0.005 loss per share (vs ฿0.22 profit in 1Q 2022)First quarter 2023 results: ฿0.005 loss per share (down from ฿0.22 profit in 1Q 2022). Revenue: ฿56.4m (down 13% from 1Q 2022). Net loss: ฿176.0k (down 102% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.50 per share at 10% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 05 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (2.1%).
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.35 (vs ฿0.34 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.35 (up from ฿0.34 in 3Q 2021). Revenue: ฿81.8m (up 20% from 3Q 2021). Net income: ฿13.1m (up 3.3% from 3Q 2021). Profit margin: 16% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Kittimeth Muangaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: ฿0.068 (vs ฿0.033 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.068 (up from ฿0.033 in 2Q 2021). Revenue: ฿62.9m (up 1.8% from 2Q 2021). Net income: ฿2.56m (up 106% from 2Q 2021). Profit margin: 4.1% (up from 2.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
Buying Opportunity • Jun 08Now 25% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be ฿32.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years, while earnings per share has been flat.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 34% share price gain to ฿28.00, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 77% over the past three years.
Reported Earnings • May 19First quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.23 in 1Q 2021)First quarter 2022 results: EPS: ฿0.22 (down from ฿0.23 in 1Q 2021). Revenue: ฿64.5m (up 8.8% from 1Q 2021). Net income: ฿8.14m (down 6.2% from 1Q 2021). Profit margin: 13% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Kittimeth Muangaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 13Thai Packaging & Printing Public Company Limited Approves the Dividend Payment for the Year of 2021Thai Packaging & Printing Public Company Limited proposes at the AGM held on April 12, 2022 approved from an unappropriated retained earnings at THB 1 per share amount 37,500,000 shares which has total amount is THB 37,500,000. The dividend will be paid to the shareholders whose names were recorded in the shareholders' list as of 14th March, 2022 ("the Record Date").
Upcoming Dividend • Mar 04Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 09 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.78 (up from ฿0.10 loss in FY 2020). Revenue: ฿258.7m (up 5.4% from FY 2020). Net income: ฿29.1m (up ฿33.0m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.
お知らせ • Feb 26+ 1 more updateThai Packaging & Printing Public Company Limited Proposes Dividend, Payable within 9 May, 2022Thai Packaging & Printing Public Company Limited, at the board meeting held on 25 February, 2022 the board proposed to the AGM dividend from retained earnings profit before allocation at THB 78,881,307 at THB 1.00 per share for 37,500,000 shares total amount of THB 37,500,000 comparing with dividend payment for the year 2020 at THB 0.40 per share. The dividend will be paid to the shareholders within 9 May, 2022, as the case may be, is uncertainty as it has not yet been approved by the meeting of shareholders. The AGM will be held on April 12, 2022.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ฿18.50, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 4.8% over the past three years.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.043 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿68.0m (up 17% from 3Q 2020). Net income: ฿12.6m (up ฿14.2m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Upcoming Dividend • Nov 18Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 09 December 2021. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.7%).
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿22.00, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.033 (vs ฿0.23 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿61.8m (down 8.4% from 2Q 2020). Net income: ฿1.24m (down 86% from 2Q 2020). Profit margin: 2.0% (down from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿24.30, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 35% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.23 (vs ฿0.41 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿59.2m (down 1.4% from 1Q 2020). Net income: ฿8.68m (up ฿24.2m from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Mar 09Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2021Thai Packaging & Printing Public Company Limited, Annual General Meeting, Apr 09, 2021, at 09:30 SE Asia Standard Time. Location: Company Conference Room located at 9/9 Moo 6, Kingkaew Road, Rachathewa, Bangplee, Samutprakarn Thailand
Is New 90 Day High Low • Mar 08New 90-day high: ฿15.00The company is up 25% from its price of ฿12.00 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 7.0% over the same period.
Reported Earnings • Mar 03Full year 2020 earnings released: ฿0.10 loss per share (vs ฿0.96 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿245.4m (down 28% from FY 2019). Net loss: ฿3.85m (down 111% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 27New 90-day high: ฿14.70The company is up 25% from its price of ฿11.80 on 29 October 2020. The Thai market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Packaging industry, which is up 27% over the same period.
Is New 90 Day High Low • Jan 08New 90-day high: ฿14.30The company is up 7.0% from its price of ฿13.40 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is down 1.0% over the same period.
Reported Earnings • Nov 18Third quarter 2020 earnings released: ฿0.043 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿58.3m (down 23% from 3Q 2019). Net loss: ฿1.61m (down 139% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.
Is New 90 Day High Low • Oct 27New 90-day low: ฿11.50The company is down 23% from its price of ฿15.00 on 29 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Oct 05New 90-day low: ฿12.90The company is down 19% from its price of ฿16.00 on 07 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 19% over the same period.