A.J. Plast (AJ) 주식 개요A.J. Plast Public Company Limited는 태국 및 국제적으로 플라스틱 필름 및 스크랩 제품을 제조, 판매, 수출하는 회사입니다. 자세히 보기AJ 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성0/6배당0/6위험 분석지난 3개월 동안 주가 변동성이 TH 시장과 비교했을 때 매우 높았습니다.지난 5년간 매년 수익이 62.7% 감소했습니다.부채는 operating cash flow로 충분히 감당되지 않습니다.의미 있는 시가총액이 없습니다(THB2B)모든 위험 점검 보기AJ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value฿Current Price฿2.8444.2% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-752m10b2016201920222025202620282031Revenue ฿6.4bEarnings ฿390.9mAdvancedSet Fair ValueView all narrativesA.J. Plast Public Company Limited 경쟁사Unique Plastic IndustrySymbol: SET:UNIXMarket cap: ฿1.1bTPBISymbol: SET:TPBIMarket cap: ฿1.3bPanjawattana PlasticSymbol: SET:PJWMarket cap: ฿1.2bStarflexSymbol: SET:SFLEXMarket cap: ฿2.1b가격 이력 및 성과A.J. Plast 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿2.8452주 최고가฿3.4452주 최저가฿1.51베타-0.391개월 변동10.08%3개월 변동57.78%1년 변동-0.70%3년 변동-70.11%5년 변동-86.15%IPO 이후 변동-44.85%최근 뉴스 및 업데이트Reported Earnings • 6hFirst quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss in 1Q 2025)First quarter 2026 results: ฿0.17 loss per share (further deteriorated from ฿0.028 loss in 1Q 2025). Revenue: ฿1.83b (down 18% from 1Q 2025). Net loss: ฿99.7m (loss widened ฿83.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.93 loss per share (vs ฿1.38 loss in FY 2024)Full year 2025 results: ฿0.93 loss per share (improved from ฿1.38 loss in FY 2024). Revenue: ฿7.90b (flat on FY 2024). Net loss: ฿553.0m (loss narrowed 24% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.공시 • Feb 26A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026, at 09:00 SE Asia Standard Time. Location: the meeting room at the wisdom building, of a.j. plas public company limited, ThailandNew Risk • Dec 26New 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 7.8% 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: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿1.26b market cap, or US$40.7m).Reported Earnings • Nov 23Third quarter 2025 earnings released: ฿0.28 loss per share (vs ฿0.28 loss in 3Q 2024)Third quarter 2025 results: ฿0.28 loss per share (further deteriorated from ฿0.28 loss in 3Q 2024). Revenue: ฿1.90b (down 16% from 3Q 2024). Net loss: ฿169.0m (loss widened 3.0% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.32 loss per share (vs ฿0.20 loss in 2Q 2024)Second quarter 2025 results: ฿0.32 loss per share (further deteriorated from ฿0.20 loss in 2Q 2024). Revenue: ฿1.98b (up 19% from 2Q 2024). Net loss: ฿193.1m (loss widened 104% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.더 많은 업데이트 보기Recent updatesReported Earnings • 6hFirst quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss in 1Q 2025)First quarter 2026 results: ฿0.17 loss per share (further deteriorated from ฿0.028 loss in 1Q 2025). Revenue: ฿1.83b (down 18% from 1Q 2025). Net loss: ฿99.7m (loss widened ฿83.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.93 loss per share (vs ฿1.38 loss in FY 2024)Full year 2025 results: ฿0.93 loss per share (improved from ฿1.38 loss in FY 2024). Revenue: ฿7.90b (flat on FY 2024). Net loss: ฿553.0m (loss narrowed 24% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.공시 • Feb 26A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026, at 09:00 SE Asia Standard Time. Location: the meeting room at the wisdom building, of a.j. plas public company limited, ThailandNew Risk • Dec 26New 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 7.8% 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: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿1.26b market cap, or US$40.7m).Reported Earnings • Nov 23Third quarter 2025 earnings released: ฿0.28 loss per share (vs ฿0.28 loss in 3Q 2024)Third quarter 2025 results: ฿0.28 loss per share (further deteriorated from ฿0.28 loss in 3Q 2024). Revenue: ฿1.90b (down 16% from 3Q 2024). Net loss: ฿169.0m (loss widened 3.0% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.32 loss per share (vs ฿0.20 loss in 2Q 2024)Second quarter 2025 results: ฿0.32 loss per share (further deteriorated from ฿0.20 loss in 2Q 2024). Revenue: ฿1.98b (up 19% from 2Q 2024). Net loss: ฿193.1m (loss widened 104% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: ฿0.028 loss per share (vs ฿0.026 profit in 1Q 2024)First quarter 2025 results: ฿0.028 loss per share (down from ฿0.026 profit in 1Q 2024). Revenue: ฿2.25b (up 17% from 1Q 2024). Net loss: ฿16.6m (down 246% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Board Change • Mar 02Less than half of directors are independentFollowing Director Roy Ingkhaipiroj's arrival on 01 March 2025, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kasemsit Pathomsak was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Mar 01+ 1 more updateA.J. Plast Public Company Limited, Annual General Meeting, Apr 29, 2025A.J. Plast Public Company Limited, Annual General Meeting, Apr 29, 2025, at 09:00 SE Asia Standard Time. Location: at the a.j.plast public limited , meeting room at the wisdom building, no 101/5 thakarm road, samaedam, sub-district, bangkhuntien district, bangkok 10150 ThailandNew Risk • Feb 24New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿1.41b market cap, or US$42.1m).New Risk • Jan 24New 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 6.3% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿1.67b market cap, or US$49.7m).New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (฿1.57b market cap, or US$45.5m).Reported Earnings • Aug 16Second quarter 2024 earnings released: ฿0.22 loss per share (vs ฿0.24 loss in 2Q 2023)Second quarter 2024 results: ฿0.22 loss per share (improved from ฿0.24 loss in 2Q 2023). Revenue: ฿1.68b (down 15% from 2Q 2023). Net loss: ฿94.7m (loss narrowed 9.6% from 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 36% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (฿3.46b market cap, or US$94.1m).Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.026 (vs ฿0.44 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.026 (up from ฿0.44 loss in 1Q 2023). Revenue: ฿1.94b (up 6.9% from 1Q 2023). Net income: ฿11.3m (up ฿204.9m from 1Q 2023). Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.83 loss per share (vs ฿0.067 profit in FY 2022)Full year 2023 results: ฿0.83 loss per share (down from ฿0.067 profit in FY 2022). Revenue: ฿7.70b (down 15% from FY 2022). Net loss: ฿367.0m (down ฿396.6m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.공시 • Feb 28A.J. Plast Public Company Limited, Annual General Meeting, Apr 30, 2024A.J. Plast Public Company Limited, Annual General Meeting, Apr 30, 2024, at 09:00 SE Asia Standard Time. Location: meeting room at the Wisdom Building of A.J. Plast Pulbilc Company Limited, No. 101/5 thakarm Road, Samaedam Sub-District, bangkhuntien District Bangkok Thailand Agenda: To consider the Minutes of the Annual General Shareholders meeting of No.1/2023 dated 26 April 2023; to acknowledge the operating performance and the annual report of the company for the year 2023; and to consider other matters.New Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿2.84b market cap, or US$78.8m).Price Target Changed • Nov 15Price target decreased by 16% to ฿8.45Down from ฿10.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ฿6.45. Stock is down 48% over the past year. The company is forecast to post a net loss per share of ฿1.01 compared to earnings per share of ฿0.067 last year.Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.098 loss in 3Q 2022)Third quarter 2023 results: ฿0.13 loss per share (further deteriorated from ฿0.098 loss in 3Q 2022). Revenue: ฿1.98b (down 11% from 3Q 2022). Net loss: ฿56.3m (loss widened 31% from 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Oct 05Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿9.40b to ฿9.29b. Losses expected to increase from ฿0.86 per share to ฿1.01. Packaging industry in Thailand expected to see average net income growth of 46% next year. Consensus price target broadly unchanged at ฿10.00. Share price fell 3.2% to ฿7.65 over the past week.Reported Earnings • Aug 16Second quarter 2023 earnings released: ฿0.24 loss per share (vs ฿0.28 profit in 2Q 2022)Second quarter 2023 results: ฿0.24 loss per share (down from ฿0.28 profit in 2Q 2022). Revenue: ฿1.99b (down 24% from 2Q 2022). Net loss: ฿104.8m (down 184% from profit in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.Reported Earnings • May 18First quarter 2023 earnings released: ฿0.44 loss per share (vs ฿0.32 profit in 1Q 2022)First quarter 2023 results: ฿0.44 loss per share (down from ฿0.32 profit in 1Q 2022). Revenue: ฿1.83b (down 28% from 1Q 2022). Net loss: ฿193.6m (down 236% from profit in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 06Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.067 (down from ฿0.97 in FY 2021). Revenue: ฿9.13b (down 2.2% from FY 2021). Net income: ฿29.6m (down 93% from FY 2021). Profit margin: 0.3% (down from 4.6% in FY 2021). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Price Target Changed • Nov 16Price target decreased to ฿17.70Down from ฿21.20, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿12.40. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿0.99 for next year compared to ฿0.97 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Surasak Gosayachinda was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Nov 04Price target decreased to ฿17.70Down from ฿21.20, the current price target is provided by 1 analyst. New target price is 34% above last closing price of ฿13.20. Stock is down 29% over the past year. The company is forecast to post earnings per share of ฿0.99 for next year compared to ฿0.97 last year.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.0%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.39 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.28 (down from ฿0.39 in 2Q 2021). Revenue: ฿2.61b (up 11% from 2Q 2021). Net income: ฿125.0m (down 26% from 2Q 2021). Profit margin: 4.8% (down from 7.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 7.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jun 03Price target decreased to ฿21.00Down from ฿23.50, the current price target is provided by 1 analyst. New target price is 27% above last closing price of ฿16.60. Stock is down 16% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿0.97 last year.Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.24 in 1Q 2021)First quarter 2022 results: EPS: ฿0.32 (up from ฿0.24 in 1Q 2021). Revenue: ฿2.58b (up 28% from 1Q 2021). Net income: ฿142.7m (up 38% from 1Q 2021). Profit margin: 5.5% (up from 5.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.0%, compared to a 9.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Surasak Gosayachinda was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Apr 27Price target increased to ฿23.50Up from ฿20.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of ฿16.70. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.50 for next year compared to ฿0.97 last year.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 92%. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).Price Target Changed • Mar 02Price target increased to ฿23.50Up from ฿20.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of ฿18.30. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of ฿1.50 for next year compared to ฿0.97 last year.Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.97 (down from ฿1.33 in FY 2020). Revenue: ฿9.44b (up 30% from FY 2020). Net income: ฿428.6m (down 20% from FY 2020). Profit margin: 4.5% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 5.3%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Price Target Changed • Dec 25Price target decreased to ฿20.00Down from ฿23.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿17.20. Stock is down 23% over the past year. The company posted earnings per share of ฿1.33 last year.Reported Earnings • Nov 13Third quarter 2021 earnings released: ฿0.092 loss per share (vs ฿0.40 profit in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ฿2.31b (up 32% from 3Q 2020). Net loss: ฿40.7m (down 125% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 September 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%).Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.39 (vs ฿0.68 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿2.37b (up 26% from 2Q 2020). Net income: ฿170.0m (down 37% from 2Q 2020). Profit margin: 7.2% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿20.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 92% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.14 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.06b (up 9.3% from 1Q 2020). Net income: ฿103.6m (up ฿160.1m from 1Q 2020). Profit margin: 5.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 01Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿23.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Packaging industry in Thailand. Total returns to shareholders of 92% over the past three years.Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿1.33 (vs ฿0.59 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿7.34b (up 6.8% from FY 2019). Net income: ฿532.3m (up 125% from FY 2019). Profit margin: 7.3% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 03Revenue misses expectationsRevenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 4.2%, compared to a 20% growth forecast for the Packaging industry in Thailand.Valuation Update With 7 Day Price Move • Jan 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿18.80, the stock is trading at a trailing P/E ratio of 12.9x, down from the previous P/E ratio of 15.2x. This compares to an average P/E of 11x in the Packaging industry in Thailand. Total returns to shareholders over the past three years are 62%.Is New 90 Day High Low • Dec 18New 90-day high: ฿19.40The company is up 30% from its price of ฿14.90 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 1.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.78b (up 5.9% from 3Q 2019). Net income: ฿161.3m (up ฿174.1m from 3Q 2019). Profit margin: 9.0% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.주주 수익률AJTH PackagingTH 시장7D4.4%-2.5%2.2%1Y-0.7%26.1%28.6%전체 주주 수익률 보기수익률 대 산업: AJ은 지난 1년 동안 26.1%의 수익을 기록한 TH Packaging 산업보다 저조한 성과를 냈습니다.수익률 대 시장: AJ은 지난 1년 동안 28.6%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is AJ's price volatile compared to industry and market?AJ volatilityAJ Average Weekly Movement15.2%Packaging Industry Average Movement3.7%Market Average Movement4.9%10% most volatile stocks in TH Market10.1%10% least volatile stocks in TH Market2.6%안정적인 주가: AJ의 주가는 지난 3개월 동안 TH 시장보다 변동성이 컸습니다.시간에 따른 변동성: AJ의 주간 변동성은 지난 1년간 10%에서 15%로 증가했습니다.회사 소개설립직원 수CEO웹사이트1987n/aNarong Suthisamphatwww.ajplast.co.thA.J. Plast Public Company Limited는 태국 및 국제적으로 플라스틱 필름과 스크랩 제품을 제조, 판매, 수출하는 회사입니다. 이 회사는 1987년에 설립되었으며 태국 방콕에 본사를 두고 있습니다.더 보기A.J. Plast Public Company Limited 기초 지표 요약A.J. Plast의 순이익과 매출은 시가총액과 어떻게 비교됩니까?AJ 기초 통계시가총액฿1.69b순이익 (TTM)-฿636.17m매출 (TTM)฿7.42b0.2x주가매출비율(P/S)-2.7x주가수익비율(P/E)AJ는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표AJ 손익계산서 (TTM)매출฿7.42b매출원가฿7.29b총이익฿133.94m기타 비용฿770.11m순이익-฿636.17m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)-1.07총이익률1.80%순이익률-8.57%부채/자본 비율173.3%AJ의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 17:48종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스A.J. Plast Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pongrat RatanatavananandaBualuang Securities PCL
Reported Earnings • 6hFirst quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss in 1Q 2025)First quarter 2026 results: ฿0.17 loss per share (further deteriorated from ฿0.028 loss in 1Q 2025). Revenue: ฿1.83b (down 18% from 1Q 2025). Net loss: ฿99.7m (loss widened ฿83.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.93 loss per share (vs ฿1.38 loss in FY 2024)Full year 2025 results: ฿0.93 loss per share (improved from ฿1.38 loss in FY 2024). Revenue: ฿7.90b (flat on FY 2024). Net loss: ฿553.0m (loss narrowed 24% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
공시 • Feb 26A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026, at 09:00 SE Asia Standard Time. Location: the meeting room at the wisdom building, of a.j. plas public company limited, Thailand
New Risk • Dec 26New 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 7.8% 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: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿1.26b market cap, or US$40.7m).
Reported Earnings • Nov 23Third quarter 2025 earnings released: ฿0.28 loss per share (vs ฿0.28 loss in 3Q 2024)Third quarter 2025 results: ฿0.28 loss per share (further deteriorated from ฿0.28 loss in 3Q 2024). Revenue: ฿1.90b (down 16% from 3Q 2024). Net loss: ฿169.0m (loss widened 3.0% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.32 loss per share (vs ฿0.20 loss in 2Q 2024)Second quarter 2025 results: ฿0.32 loss per share (further deteriorated from ฿0.20 loss in 2Q 2024). Revenue: ฿1.98b (up 19% from 2Q 2024). Net loss: ฿193.1m (loss widened 104% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.
Reported Earnings • 6hFirst quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss in 1Q 2025)First quarter 2026 results: ฿0.17 loss per share (further deteriorated from ฿0.028 loss in 1Q 2025). Revenue: ฿1.83b (down 18% from 1Q 2025). Net loss: ฿99.7m (loss widened ฿83.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.93 loss per share (vs ฿1.38 loss in FY 2024)Full year 2025 results: ฿0.93 loss per share (improved from ฿1.38 loss in FY 2024). Revenue: ฿7.90b (flat on FY 2024). Net loss: ฿553.0m (loss narrowed 24% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
공시 • Feb 26A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026A.J. Plast Public Company Limited, Annual General Meeting, Apr 24, 2026, at 09:00 SE Asia Standard Time. Location: the meeting room at the wisdom building, of a.j. plas public company limited, Thailand
New Risk • Dec 26New 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 7.8% 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: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (฿1.26b market cap, or US$40.7m).
Reported Earnings • Nov 23Third quarter 2025 earnings released: ฿0.28 loss per share (vs ฿0.28 loss in 3Q 2024)Third quarter 2025 results: ฿0.28 loss per share (further deteriorated from ฿0.28 loss in 3Q 2024). Revenue: ฿1.90b (down 16% from 3Q 2024). Net loss: ฿169.0m (loss widened 3.0% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: ฿0.32 loss per share (vs ฿0.20 loss in 2Q 2024)Second quarter 2025 results: ฿0.32 loss per share (further deteriorated from ฿0.20 loss in 2Q 2024). Revenue: ฿1.98b (up 19% from 2Q 2024). Net loss: ฿193.1m (loss widened 104% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: ฿0.028 loss per share (vs ฿0.026 profit in 1Q 2024)First quarter 2025 results: ฿0.028 loss per share (down from ฿0.026 profit in 1Q 2024). Revenue: ฿2.25b (up 17% from 1Q 2024). Net loss: ฿16.6m (down 246% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Board Change • Mar 02Less than half of directors are independentFollowing Director Roy Ingkhaipiroj's arrival on 01 March 2025, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kasemsit Pathomsak was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Mar 01+ 1 more updateA.J. Plast Public Company Limited, Annual General Meeting, Apr 29, 2025A.J. Plast Public Company Limited, Annual General Meeting, Apr 29, 2025, at 09:00 SE Asia Standard Time. Location: at the a.j.plast public limited , meeting room at the wisdom building, no 101/5 thakarm road, samaedam, sub-district, bangkhuntien district, bangkok 10150 Thailand
New Risk • Feb 24New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿1.41b market cap, or US$42.1m).
New Risk • Jan 24New 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 6.3% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿1.67b market cap, or US$49.7m).
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (฿1.57b market cap, or US$45.5m).
Reported Earnings • Aug 16Second quarter 2024 earnings released: ฿0.22 loss per share (vs ฿0.24 loss in 2Q 2023)Second quarter 2024 results: ฿0.22 loss per share (improved from ฿0.24 loss in 2Q 2023). Revenue: ฿1.68b (down 15% from 2Q 2023). Net loss: ฿94.7m (loss narrowed 9.6% from 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 36% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (฿3.46b market cap, or US$94.1m).
Reported Earnings • May 16First quarter 2024 earnings released: EPS: ฿0.026 (vs ฿0.44 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.026 (up from ฿0.44 loss in 1Q 2023). Revenue: ฿1.94b (up 6.9% from 1Q 2023). Net income: ฿11.3m (up ฿204.9m from 1Q 2023). Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 02Full year 2023 earnings released: ฿0.83 loss per share (vs ฿0.067 profit in FY 2022)Full year 2023 results: ฿0.83 loss per share (down from ฿0.067 profit in FY 2022). Revenue: ฿7.70b (down 15% from FY 2022). Net loss: ฿367.0m (down ฿396.6m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
공시 • Feb 28A.J. Plast Public Company Limited, Annual General Meeting, Apr 30, 2024A.J. Plast Public Company Limited, Annual General Meeting, Apr 30, 2024, at 09:00 SE Asia Standard Time. Location: meeting room at the Wisdom Building of A.J. Plast Pulbilc Company Limited, No. 101/5 thakarm Road, Samaedam Sub-District, bangkhuntien District Bangkok Thailand Agenda: To consider the Minutes of the Annual General Shareholders meeting of No.1/2023 dated 26 April 2023; to acknowledge the operating performance and the annual report of the company for the year 2023; and to consider other matters.
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿2.84b market cap, or US$78.8m).
Price Target Changed • Nov 15Price target decreased by 16% to ฿8.45Down from ฿10.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of ฿6.45. Stock is down 48% over the past year. The company is forecast to post a net loss per share of ฿1.01 compared to earnings per share of ฿0.067 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.098 loss in 3Q 2022)Third quarter 2023 results: ฿0.13 loss per share (further deteriorated from ฿0.098 loss in 3Q 2022). Revenue: ฿1.98b (down 11% from 3Q 2022). Net loss: ฿56.3m (loss widened 31% from 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Oct 05Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿9.40b to ฿9.29b. Losses expected to increase from ฿0.86 per share to ฿1.01. Packaging industry in Thailand expected to see average net income growth of 46% next year. Consensus price target broadly unchanged at ฿10.00. Share price fell 3.2% to ฿7.65 over the past week.
Reported Earnings • Aug 16Second quarter 2023 earnings released: ฿0.24 loss per share (vs ฿0.28 profit in 2Q 2022)Second quarter 2023 results: ฿0.24 loss per share (down from ฿0.28 profit in 2Q 2022). Revenue: ฿1.99b (down 24% from 2Q 2022). Net loss: ฿104.8m (down 184% from profit in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 18First quarter 2023 earnings released: ฿0.44 loss per share (vs ฿0.32 profit in 1Q 2022)First quarter 2023 results: ฿0.44 loss per share (down from ฿0.32 profit in 1Q 2022). Revenue: ฿1.83b (down 28% from 1Q 2022). Net loss: ฿193.6m (down 236% from profit in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 06Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿0.067 (down from ฿0.97 in FY 2021). Revenue: ฿9.13b (down 2.2% from FY 2021). Net income: ฿29.6m (down 93% from FY 2021). Profit margin: 0.3% (down from 4.6% in FY 2021). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 16Price target decreased to ฿17.70Down from ฿21.20, the current price target is provided by 1 analyst. New target price is 43% above last closing price of ฿12.40. Stock is down 32% over the past year. The company is forecast to post earnings per share of ฿0.99 for next year compared to ฿0.97 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Surasak Gosayachinda was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Nov 04Price target decreased to ฿17.70Down from ฿21.20, the current price target is provided by 1 analyst. New target price is 34% above last closing price of ฿13.20. Stock is down 29% over the past year. The company is forecast to post earnings per share of ฿0.99 for next year compared to ฿0.97 last year.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.38 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.0%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.28 (vs ฿0.39 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.28 (down from ฿0.39 in 2Q 2021). Revenue: ฿2.61b (up 11% from 2Q 2021). Net income: ฿125.0m (down 26% from 2Q 2021). Profit margin: 4.8% (down from 7.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 7.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jun 03Price target decreased to ฿21.00Down from ฿23.50, the current price target is provided by 1 analyst. New target price is 27% above last closing price of ฿16.60. Stock is down 16% over the past year. The company is forecast to post earnings per share of ฿1.31 for next year compared to ฿0.97 last year.
Reported Earnings • May 15First quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.24 in 1Q 2021)First quarter 2022 results: EPS: ฿0.32 (up from ฿0.24 in 1Q 2021). Revenue: ฿2.58b (up 28% from 1Q 2021). Net income: ฿142.7m (up 38% from 1Q 2021). Profit margin: 5.5% (up from 5.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.0%, compared to a 9.4% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Surasak Gosayachinda was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Apr 27Price target increased to ฿23.50Up from ฿20.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of ฿16.70. Stock is down 18% over the past year. The company is forecast to post earnings per share of ฿1.50 for next year compared to ฿0.97 last year.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 92%. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (2.3%).
Price Target Changed • Mar 02Price target increased to ฿23.50Up from ฿20.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of ฿18.30. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of ฿1.50 for next year compared to ฿0.97 last year.
Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ฿0.97 (down from ฿1.33 in FY 2020). Revenue: ฿9.44b (up 30% from FY 2020). Net income: ฿428.6m (down 20% from FY 2020). Profit margin: 4.5% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 5.3%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Dec 25Price target decreased to ฿20.00Down from ฿23.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿17.20. Stock is down 23% over the past year. The company posted earnings per share of ฿1.33 last year.
Reported Earnings • Nov 13Third quarter 2021 earnings released: ฿0.092 loss per share (vs ฿0.40 profit in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ฿2.31b (up 32% from 3Q 2020). Net loss: ฿40.7m (down 125% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 September 2021. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.39 (vs ฿0.68 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿2.37b (up 26% from 2Q 2020). Net income: ฿170.0m (down 37% from 2Q 2020). Profit margin: 7.2% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ฿20.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 92% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.14 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿2.06b (up 9.3% from 1Q 2020). Net income: ฿103.6m (up ฿160.1m from 1Q 2020). Profit margin: 5.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 01Investor sentiment improved over the past weekAfter last week's 28% share price gain to ฿23.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Packaging industry in Thailand. Total returns to shareholders of 92% over the past three years.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS ฿1.33 (vs ฿0.59 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿7.34b (up 6.8% from FY 2019). Net income: ฿532.3m (up 125% from FY 2019). Profit margin: 7.3% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 03Revenue misses expectationsRevenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 4.2%, compared to a 20% growth forecast for the Packaging industry in Thailand.
Valuation Update With 7 Day Price Move • Jan 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿18.80, the stock is trading at a trailing P/E ratio of 12.9x, down from the previous P/E ratio of 15.2x. This compares to an average P/E of 11x in the Packaging industry in Thailand. Total returns to shareholders over the past three years are 62%.
Is New 90 Day High Low • Dec 18New 90-day high: ฿19.40The company is up 30% from its price of ฿14.90 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 1.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿0.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.78b (up 5.9% from 3Q 2019). Net income: ฿161.3m (up ฿174.1m from 3Q 2019). Profit margin: 9.0% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
