View Financial HealthThantawan Industry 배당 및 자사주 매입배당 기준 점검 4/6Thantawan Industry 수익으로 충분히 충당되는 현재 수익률 7.86% 보유한 배당금 지급 회사입니다.핵심 정보7.9%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률8.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향59%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Mar 11Upcoming dividend of ฿0.95 per shareEligible shareholders must have bought the stock before 18 March 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.5%).공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 18 May 2026Thantawan Industry Public Company Limited at its AGM to be held on 21 April 2026 proposed cash dividend payment of THB 0.95 per share of par value THB 1.00 per share for the year ended December 31, 2025. Payable on 18 May 2026, Ex-dividend date is 18 March 2026 and Record date for the right to receive dividends is 19 March 2026.Declared Dividend • Aug 15First half dividend of ฿0.65 announcedDividend of ฿0.65 is the same as last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Upcoming Dividend • Apr 23Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (5.0%).Declared Dividend • Mar 08Final dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 30th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend Payment for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 20 May 2025Thantawan Industry Public Company Limited proposed a cash dividend payment of THB 1.00 per share for common shareholder or THB 89,999,686.00 for the operating period from 01 Jan. 2024 to 31 Dec. 2024. The dividend payment must be approved by the 2025 Annual General Meeting of Shareholders and the dividend payment is scheduled for May 20, 2025. Record date for the right to receive dividends is 02 May 2025. Ex-dividend date is 30 Apr. 2025. Payment date is 20 May 2025.모든 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.31 (vs ฿0.97 in 1Q 2025)First quarter 2026 results: EPS: ฿0.31 (down from ฿0.97 in 1Q 2025). Revenue: ฿1.04b (down 19% from 1Q 2025). Net income: ฿27.8m (down 68% from 1Q 2025). Profit margin: 2.7% (down from 6.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.Upcoming Dividend • Mar 11Upcoming dividend of ฿0.95 per shareEligible shareholders must have bought the stock before 18 March 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.5%).공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 18 May 2026Thantawan Industry Public Company Limited at its AGM to be held on 21 April 2026 proposed cash dividend payment of THB 0.95 per share of par value THB 1.00 per share for the year ended December 31, 2025. Payable on 18 May 2026, Ex-dividend date is 18 March 2026 and Record date for the right to receive dividends is 19 March 2026.공시 • Mar 05Thantawan Industry Public Company Limited, Annual General Meeting, Apr 21, 2026Thantawan Industry Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿2.30 (vs ฿3.66 in FY 2024)Full year 2025 results: EPS: ฿2.30 (down from ฿3.66 in FY 2024). Revenue: ฿4.83b (up 13% from FY 2024). Net income: ฿206.7m (down 37% from FY 2024). Profit margin: 4.3% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year.Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 4.1% to ฿22.90. The fair value is estimated to be ฿28.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.Board Change • Feb 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Advisor to the Chief Executive Officer & Director Montri Mahaplerkpong was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Jan 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿22.20. The fair value is estimated to be ฿28.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.공시 • Dec 20Thantawan Industry Public Company Limited Announces Nomination and Remuneration Committee Appointments, Effective January 1, 2026Thantawan Industry Public Company Limited appointed Mr. ATH HEMVIJITRAPHAN as Chairman of the Nomination and Remuneration Committee and Mrs. POJANARD PRINYAPATPAKORN as Member of the Nomination and Remuneration Committee. New elections were held for the positions mentioned above. The board's resolution date was December 18, 2025. Both appointments are effective from January 1, 2026.Buy Or Sell Opportunity • Dec 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10.0% to ฿22.50. The fair value is estimated to be ฿28.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.Buy Or Sell Opportunity • Nov 15Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿22.20. The fair value is estimated to be ฿28.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.Declared Dividend • Aug 15First half dividend of ฿0.65 announcedDividend of ฿0.65 is the same as last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.67 (vs ฿0.99 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.67 (down from ฿0.99 in 2Q 2024). Revenue: ฿1.24b (up 30% from 2Q 2024). Net income: ฿60.7m (down 32% from 2Q 2024). Profit margin: 4.9% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.97 (vs ฿1.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.97 (down from ฿1.03 in 1Q 2024). Revenue: ฿1.29b (up 40% from 1Q 2024). Net income: ฿87.3m (down 5.4% from 1Q 2024). Profit margin: 6.8% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year.Board Change • May 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Tanai Charinsarn was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 23+ 1 more updateThantawan Industry Public Company Limited Appoints Tanai Charinsarn as Independent Director, Effective April 23, 2025Thantawan Industry Public Company Limited approved appointment of Mr. Tanai Charinsarn as Independent Director of the company. This shall take effect from April 23, 2025.Upcoming Dividend • Apr 23Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (5.0%).공시 • Mar 28Thantawan Industry Public Company Limited Announces Resignation of Thitisak Skulkroo as Director and Chairman of the Risk Management Committee Executive Committee, Effective April 30, 2025Thantawan Industry Public Company Limited announced the resignation of THITISAK SKULKROO as Director and Chairman of the Risk Management Committee Executive Committee. Effective date was June 1, 2019. Expire date is April 30, 2025. They resigned from position /the company due to Unable to comply with the direction of the company's major shareholders.Declared Dividend • Mar 08Final dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 30th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 07Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2025Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend Payment for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 20 May 2025Thantawan Industry Public Company Limited proposed a cash dividend payment of THB 1.00 per share for common shareholder or THB 89,999,686.00 for the operating period from 01 Jan. 2024 to 31 Dec. 2024. The dividend payment must be approved by the 2025 Annual General Meeting of Shareholders and the dividend payment is scheduled for May 20, 2025. Record date for the right to receive dividends is 02 May 2025. Ex-dividend date is 30 Apr. 2025. Payment date is 20 May 2025.Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿3.66 (vs ฿3.21 in FY 2023)Full year 2024 results: EPS: ฿3.66 (up from ฿3.21 in FY 2023). Revenue: ฿4.32b (up 27% from FY 2023). Net income: ฿329.0m (up 14% from FY 2023). Profit margin: 7.6% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Feb 14Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿27.75. The fair value is estimated to be ฿22.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 12%.Upcoming Dividend • Aug 21Upcoming dividend of ฿0.65 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.2%).공시 • Aug 17Thantawan Industry Public Company Limited Announces Interim Dividend for Operating Period from 01 January 2024 to 30 June 2024, Payable on 12 September 2024Thantawan Industry Public Company Limited announced dividend of THB 0.65 per share for Operating period from 01 January 2024 to 30 June 2024. Record date for the right to receive dividends 29 August 2024. Ex-dividend date is 28 August 2024. Payment date 12 September 2024.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.99 (vs ฿0.68 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.99 (up from ฿0.68 in 2Q 2023). Revenue: ฿976.9m (up 40% from 2Q 2023). Net income: ฿89.5m (up 45% from 2Q 2023). Profit margin: 9.2% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿1.03 (vs ฿0.77 in 1Q 2023)First quarter 2024 results: EPS: ฿1.03 (up from ฿0.77 in 1Q 2023). Revenue: ฿964.0m (up 5.4% from 1Q 2023). Net income: ฿92.3m (up 33% from 1Q 2023). Profit margin: 9.6% (up from 7.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.Upcoming Dividend • Apr 25Upcoming dividend of ฿1.65 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.6%).Declared Dividend • Mar 08Dividend reduced to ฿1.65Dividend of ฿1.65 is 5.7% lower than last year. Ex-date: 2nd May 2024 Payment date: 20th May 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 07Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2024Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2024, at 10:00 SE Asia Standard Time. Location: Krungthep room 2, M floor, Centara Krungthep room 2, M floor, Centara Krungthep room 2, M floor, Centara Bangkok Thailand Agenda: To approve and certify the minutes of the 2023 annual general meeting of shareholders ; to acknowledge the company operating results of the year 2023; to consider and approve the financial statements for the year ended December 31 ,2023to consider and approve the allocation of operating for the year 2023 and dividend payment; and to consider other matters if any.공시 • Mar 06Thantawan Industry Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 20, 2024Thantawan Industry Public Company Limited at its board meeting held on March 6, 2024, approved to propose at its AGM to be held on April 23, 2024, the allocation of profit from the operating results for the year 2023 from January 1, 2023 to December 31, 2023 at the rate of THB 1.65 per share totaling THB 148,499,481.90. The dividend payment shall be paid from net profit after the deduction of 20% corporate income tax at the rate of THB 1.15 per share, totaling THB 103,499,638.90 and net profit of operating income promoted by the board of investment are tax exempt at the rate of THB 0.50 per share, totaling THB 44,999,843. The dividend payment is scheduled for May 20, 2024, May 3, 2024 as the record date for determining the right of shareholders in order to receive dividend payment. Ex-dividend date is May 2, 2024.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: ฿3.21 (vs ฿4.03 in FY 2022)Full year 2023 results: EPS: ฿3.21 (down from ฿4.03 in FY 2022). Revenue: ฿3.48b (down 14% from FY 2022). Net income: ฿288.5m (down 21% from FY 2022). Profit margin: 8.3% (down from 8.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Feb 16Thantawan Industry Public Company Limited Announces Termination of Yuwaporn Pumprasert as Assissant Chief Financial Officer, Effective February 16, 2024Thantawan Industry Public Company Limited announced termination of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer, effective February 16, 2024.공시 • Feb 15Thantawan Industry Public Company Limited Announces CFO Changes, Effective February 16, 2024Thantawan Industry Public Company Limited announced termination of Mr. Teerachai Siritunyanont as Chief Financial Officer, effective February 16, 2024 and appointed Miss Yuwaporn Pumprasert as Chief Financial Officer, effective February 16, 2024.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿1.11 (vs ฿1.19 in 3Q 2022)Third quarter 2023 results: EPS: ฿1.11 (down from ฿1.19 in 3Q 2022). Revenue: ฿905.0m (down 18% from 3Q 2022). Net income: ฿100.0m (down 6.8% from 3Q 2022). Profit margin: 11% (up from 9.8% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year.공시 • Sep 22Thantawan Industry Public Company Limited Announces Appointment of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer with Effect from September 26, 2023Thantawan Industry Public Company Limited announced appointment of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer with effect from September 26, 2023.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.68 (vs ฿1.12 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.68 (down from ฿1.12 in 2Q 2022). Revenue: ฿746.3m (down 29% from 2Q 2022). Net income: ฿61.6m (down 39% from 2Q 2022). Profit margin: 8.3% (down from 9.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.77 (vs ฿1.32 in 1Q 2022)First quarter 2023 results: EPS: ฿0.77 (down from ฿1.32 in 1Q 2022). Revenue: ฿921.6m (down 17% from 1Q 2022). Net income: ฿69.4m (down 42% from 1Q 2022). Profit margin: 7.5% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.Upcoming Dividend • Apr 25Upcoming dividend of ฿1.75 per share at 5.4% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.5%).Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿33.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Packaging industry in Thailand. Total returns to shareholders of 81% over the past three years.Price Target Changed • Nov 16Price target increased to ฿48.00Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿41.25. Stock is up 33% over the past year. The company is forecast to post earnings per share of ฿4.91 for next year compared to ฿4.25 last year.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. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sasitorn Wongvilai 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 • Nov 10Third quarter 2022 earnings released: EPS: ฿1.19 (vs ฿1.16 in 3Q 2021)Third quarter 2022 results: EPS: ฿1.19 (up from ฿1.16 in 3Q 2021). Revenue: ฿1.12b (up 15% from 3Q 2021). Net income: ฿107.3m (up 2.4% from 3Q 2021). Profit margin: 9.6% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿1.12 (vs ฿0.69 in 2Q 2021)Second quarter 2022 results: EPS: ฿1.12 (up from ฿0.69 in 2Q 2021). Revenue: ฿1.07b (up 17% from 2Q 2021). Net income: ฿101.0m (up 62% from 2Q 2021). Profit margin: 9.5% (up from 6.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.4%, compared to a 6.7% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 27Price target increased to ฿42.00Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of ฿38.75. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿4.91 for next year compared to ฿4.25 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sasitorn Wongvilai 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.Upcoming Dividend • Apr 21Upcoming dividend of ฿1.75 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.3%).Reported Earnings • Feb 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿4.25 (up from ฿3.87 in FY 2020). Revenue: ฿3.80b (up 19% from FY 2020). Net income: ฿382.8m (up 10% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 2.1% compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year.Price Target Changed • Nov 15Price target increased to ฿35.75Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿30.75. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of ฿3.69 for next year compared to ฿3.86 last year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿1.16 (vs ฿1.29 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿980.5m (up 8.8% from 3Q 2020). Net income: ฿104.8m (down 9.6% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿1.02 (vs ฿0.79 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ฿820.2m (up 9.5% from 1Q 2020). Net income: ฿81.8m (up 15% from 1Q 2020). Profit margin: 10.0% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 28Upcoming dividend of ฿1.08 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 24 May 2021. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.8%).Is New 90 Day High Low • Mar 08New 90-day high: ฿36.25The company is up 14% from its price of ฿31.75 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 • Feb 17Full year 2020 earnings released: EPS ฿4.35 (vs ฿3.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.20b (up 5.6% from FY 2019). Net income: ฿347.8m (up 42% from FY 2019). Profit margin: 11% (up from 8.1% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 20% growth forecast for the Packaging industry in Thailand.Is New 90 Day High Low • Feb 05New 90-day high: ฿34.50The company is up 28% from its price of ฿27.00 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 25% over the same period.Valuation Update With 7 Day Price Move • Nov 20Market bids up stock over the past weekAfter last week's 15% share price gain to ฿32.50, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.9x. 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 10%.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿1.45The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿905.7m (up 16% from 3Q 2019). Net income: ฿115.9m (up 47% from 3Q 2019). Profit margin: 13% (up from 10% in 3Q 2019). The increase in margin was driven by higher revenue. 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 7% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Nov 09New 90-day high: ฿27.25The company is up 3.0% from its price of ฿26.50 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is flat over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: THIP 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: THIP 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Thantawan Industry 배당 수익률 vs 시장THIP의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (THIP)7.9%시장 하위 25% (TH)3.4%시장 상위 25% (TH)7.5%업계 평균 (Packaging)3.7%분석가 예측 (THIP) (최대 3년)n/a주목할만한 배당금: THIP 의 배당금( 7.86% )은 TH 시장에서 배당금 지급자의 하위 25%( 3.35% )보다 높습니다.고배당: THIP 의 배당금( 7.86% )은 TH 시장( 7.51% )주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 59.1% )을 통해 THIP 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 1271.9% )이 높기 때문에 THIP 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 11:03종가2026/05/22 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 소스Thantawan Industry 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.분석가기관Sirilak KonwaiTisco Securities Co. Ltd.
Upcoming Dividend • Mar 11Upcoming dividend of ฿0.95 per shareEligible shareholders must have bought the stock before 18 March 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.5%).
공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 18 May 2026Thantawan Industry Public Company Limited at its AGM to be held on 21 April 2026 proposed cash dividend payment of THB 0.95 per share of par value THB 1.00 per share for the year ended December 31, 2025. Payable on 18 May 2026, Ex-dividend date is 18 March 2026 and Record date for the right to receive dividends is 19 March 2026.
Declared Dividend • Aug 15First half dividend of ฿0.65 announcedDividend of ฿0.65 is the same as last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Upcoming Dividend • Apr 23Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (5.0%).
Declared Dividend • Mar 08Final dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 30th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend Payment for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 20 May 2025Thantawan Industry Public Company Limited proposed a cash dividend payment of THB 1.00 per share for common shareholder or THB 89,999,686.00 for the operating period from 01 Jan. 2024 to 31 Dec. 2024. The dividend payment must be approved by the 2025 Annual General Meeting of Shareholders and the dividend payment is scheduled for May 20, 2025. Record date for the right to receive dividends is 02 May 2025. Ex-dividend date is 30 Apr. 2025. Payment date is 20 May 2025.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.31 (vs ฿0.97 in 1Q 2025)First quarter 2026 results: EPS: ฿0.31 (down from ฿0.97 in 1Q 2025). Revenue: ฿1.04b (down 19% from 1Q 2025). Net income: ฿27.8m (down 68% from 1Q 2025). Profit margin: 2.7% (down from 6.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.
Upcoming Dividend • Mar 11Upcoming dividend of ฿0.95 per shareEligible shareholders must have bought the stock before 18 March 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 7.2%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.5%).
공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on 18 May 2026Thantawan Industry Public Company Limited at its AGM to be held on 21 April 2026 proposed cash dividend payment of THB 0.95 per share of par value THB 1.00 per share for the year ended December 31, 2025. Payable on 18 May 2026, Ex-dividend date is 18 March 2026 and Record date for the right to receive dividends is 19 March 2026.
공시 • Mar 05Thantawan Industry Public Company Limited, Annual General Meeting, Apr 21, 2026Thantawan Industry Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿2.30 (vs ฿3.66 in FY 2024)Full year 2025 results: EPS: ฿2.30 (down from ฿3.66 in FY 2024). Revenue: ฿4.83b (up 13% from FY 2024). Net income: ฿206.7m (down 37% from FY 2024). Profit margin: 4.3% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year.
Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 4.1% to ฿22.90. The fair value is estimated to be ฿28.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.
Board Change • Feb 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Advisor to the Chief Executive Officer & Director Montri Mahaplerkpong was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Jan 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to ฿22.20. The fair value is estimated to be ฿28.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.
공시 • Dec 20Thantawan Industry Public Company Limited Announces Nomination and Remuneration Committee Appointments, Effective January 1, 2026Thantawan Industry Public Company Limited appointed Mr. ATH HEMVIJITRAPHAN as Chairman of the Nomination and Remuneration Committee and Mrs. POJANARD PRINYAPATPAKORN as Member of the Nomination and Remuneration Committee. New elections were held for the positions mentioned above. The board's resolution date was December 18, 2025. Both appointments are effective from January 1, 2026.
Buy Or Sell Opportunity • Dec 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 10.0% to ฿22.50. The fair value is estimated to be ฿28.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.
Buy Or Sell Opportunity • Nov 15Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ฿22.20. The fair value is estimated to be ฿28.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 8.8%.
Declared Dividend • Aug 15First half dividend of ฿0.65 announcedDividend of ฿0.65 is the same as last year. Ex-date: 26th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.67 (vs ฿0.99 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.67 (down from ฿0.99 in 2Q 2024). Revenue: ฿1.24b (up 30% from 2Q 2024). Net income: ฿60.7m (down 32% from 2Q 2024). Profit margin: 4.9% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.97 (vs ฿1.03 in 1Q 2024)First quarter 2025 results: EPS: ฿0.97 (down from ฿1.03 in 1Q 2024). Revenue: ฿1.29b (up 40% from 1Q 2024). Net income: ฿87.3m (down 5.4% from 1Q 2024). Profit margin: 6.8% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year.
Board Change • May 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Tanai Charinsarn was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 23+ 1 more updateThantawan Industry Public Company Limited Appoints Tanai Charinsarn as Independent Director, Effective April 23, 2025Thantawan Industry Public Company Limited approved appointment of Mr. Tanai Charinsarn as Independent Director of the company. This shall take effect from April 23, 2025.
Upcoming Dividend • Apr 23Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 30 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (5.0%).
공시 • Mar 28Thantawan Industry Public Company Limited Announces Resignation of Thitisak Skulkroo as Director and Chairman of the Risk Management Committee Executive Committee, Effective April 30, 2025Thantawan Industry Public Company Limited announced the resignation of THITISAK SKULKROO as Director and Chairman of the Risk Management Committee Executive Committee. Effective date was June 1, 2019. Expire date is April 30, 2025. They resigned from position /the company due to Unable to comply with the direction of the company's major shareholders.
Declared Dividend • Mar 08Final dividend of ฿1.00 announcedShareholders will receive a dividend of ฿1.00. Ex-date: 30th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 07Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2025Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time.
공시 • Mar 06Thantawan Industry Public Company Limited Proposes Cash Dividend Payment for the Operating Period from 01 Jan. 2024 to 31 Dec. 2024, Payable on 20 May 2025Thantawan Industry Public Company Limited proposed a cash dividend payment of THB 1.00 per share for common shareholder or THB 89,999,686.00 for the operating period from 01 Jan. 2024 to 31 Dec. 2024. The dividend payment must be approved by the 2025 Annual General Meeting of Shareholders and the dividend payment is scheduled for May 20, 2025. Record date for the right to receive dividends is 02 May 2025. Ex-dividend date is 30 Apr. 2025. Payment date is 20 May 2025.
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: ฿3.66 (vs ฿3.21 in FY 2023)Full year 2024 results: EPS: ฿3.66 (up from ฿3.21 in FY 2023). Revenue: ฿4.32b (up 27% from FY 2023). Net income: ฿329.0m (up 14% from FY 2023). Profit margin: 7.6% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Feb 14Now 25% overvaluedOver the last 90 days, the stock has fallen 2.6% to ฿27.75. The fair value is estimated to be ฿22.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 12%.
Upcoming Dividend • Aug 21Upcoming dividend of ฿0.65 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.2%).
공시 • Aug 17Thantawan Industry Public Company Limited Announces Interim Dividend for Operating Period from 01 January 2024 to 30 June 2024, Payable on 12 September 2024Thantawan Industry Public Company Limited announced dividend of THB 0.65 per share for Operating period from 01 January 2024 to 30 June 2024. Record date for the right to receive dividends 29 August 2024. Ex-dividend date is 28 August 2024. Payment date 12 September 2024.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: ฿0.99 (vs ฿0.68 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.99 (up from ฿0.68 in 2Q 2023). Revenue: ฿976.9m (up 40% from 2Q 2023). Net income: ฿89.5m (up 45% from 2Q 2023). Profit margin: 9.2% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿1.03 (vs ฿0.77 in 1Q 2023)First quarter 2024 results: EPS: ฿1.03 (up from ฿0.77 in 1Q 2023). Revenue: ฿964.0m (up 5.4% from 1Q 2023). Net income: ฿92.3m (up 33% from 1Q 2023). Profit margin: 9.6% (up from 7.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.
Upcoming Dividend • Apr 25Upcoming dividend of ฿1.65 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.6%).
Declared Dividend • Mar 08Dividend reduced to ฿1.65Dividend of ฿1.65 is 5.7% lower than last year. Ex-date: 2nd May 2024 Payment date: 20th May 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 07Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2024Thantawan Industry Public Company Limited, Annual General Meeting, Apr 23, 2024, at 10:00 SE Asia Standard Time. Location: Krungthep room 2, M floor, Centara Krungthep room 2, M floor, Centara Krungthep room 2, M floor, Centara Bangkok Thailand Agenda: To approve and certify the minutes of the 2023 annual general meeting of shareholders ; to acknowledge the company operating results of the year 2023; to consider and approve the financial statements for the year ended December 31 ,2023to consider and approve the allocation of operating for the year 2023 and dividend payment; and to consider other matters if any.
공시 • Mar 06Thantawan Industry Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 20, 2024Thantawan Industry Public Company Limited at its board meeting held on March 6, 2024, approved to propose at its AGM to be held on April 23, 2024, the allocation of profit from the operating results for the year 2023 from January 1, 2023 to December 31, 2023 at the rate of THB 1.65 per share totaling THB 148,499,481.90. The dividend payment shall be paid from net profit after the deduction of 20% corporate income tax at the rate of THB 1.15 per share, totaling THB 103,499,638.90 and net profit of operating income promoted by the board of investment are tax exempt at the rate of THB 0.50 per share, totaling THB 44,999,843. The dividend payment is scheduled for May 20, 2024, May 3, 2024 as the record date for determining the right of shareholders in order to receive dividend payment. Ex-dividend date is May 2, 2024.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: ฿3.21 (vs ฿4.03 in FY 2022)Full year 2023 results: EPS: ฿3.21 (down from ฿4.03 in FY 2022). Revenue: ฿3.48b (down 14% from FY 2022). Net income: ฿288.5m (down 21% from FY 2022). Profit margin: 8.3% (down from 8.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Feb 16Thantawan Industry Public Company Limited Announces Termination of Yuwaporn Pumprasert as Assissant Chief Financial Officer, Effective February 16, 2024Thantawan Industry Public Company Limited announced termination of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer, effective February 16, 2024.
공시 • Feb 15Thantawan Industry Public Company Limited Announces CFO Changes, Effective February 16, 2024Thantawan Industry Public Company Limited announced termination of Mr. Teerachai Siritunyanont as Chief Financial Officer, effective February 16, 2024 and appointed Miss Yuwaporn Pumprasert as Chief Financial Officer, effective February 16, 2024.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿1.11 (vs ฿1.19 in 3Q 2022)Third quarter 2023 results: EPS: ฿1.11 (down from ฿1.19 in 3Q 2022). Revenue: ฿905.0m (down 18% from 3Q 2022). Net income: ฿100.0m (down 6.8% from 3Q 2022). Profit margin: 11% (up from 9.8% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year.
공시 • Sep 22Thantawan Industry Public Company Limited Announces Appointment of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer with Effect from September 26, 2023Thantawan Industry Public Company Limited announced appointment of Miss Yuwaporn Pumprasert as Assissant Chief Financial Officer with effect from September 26, 2023.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.68 (vs ฿1.12 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.68 (down from ฿1.12 in 2Q 2022). Revenue: ฿746.3m (down 29% from 2Q 2022). Net income: ฿61.6m (down 39% from 2Q 2022). Profit margin: 8.3% (down from 9.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: ฿0.77 (vs ฿1.32 in 1Q 2022)First quarter 2023 results: EPS: ฿0.77 (down from ฿1.32 in 1Q 2022). Revenue: ฿921.6m (down 17% from 1Q 2022). Net income: ฿69.4m (down 42% from 1Q 2022). Profit margin: 7.5% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.
Upcoming Dividend • Apr 25Upcoming dividend of ฿1.75 per share at 5.4% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.5%).
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿33.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Packaging industry in Thailand. Total returns to shareholders of 81% over the past three years.
Price Target Changed • Nov 16Price target increased to ฿48.00Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿41.25. Stock is up 33% over the past year. The company is forecast to post earnings per share of ฿4.91 for next year compared to ฿4.25 last year.
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. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sasitorn Wongvilai 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 • Nov 10Third quarter 2022 earnings released: EPS: ฿1.19 (vs ฿1.16 in 3Q 2021)Third quarter 2022 results: EPS: ฿1.19 (up from ฿1.16 in 3Q 2021). Revenue: ฿1.12b (up 15% from 3Q 2021). Net income: ฿107.3m (up 2.4% from 3Q 2021). Profit margin: 9.6% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: ฿1.12 (vs ฿0.69 in 2Q 2021)Second quarter 2022 results: EPS: ฿1.12 (up from ฿0.69 in 2Q 2021). Revenue: ฿1.07b (up 17% from 2Q 2021). Net income: ฿101.0m (up 62% from 2Q 2021). Profit margin: 9.5% (up from 6.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.4%, compared to a 6.7% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 27Price target increased to ฿42.00Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of ฿38.75. Stock is up 15% over the past year. The company is forecast to post earnings per share of ฿4.91 for next year compared to ฿4.25 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Sasitorn Wongvilai 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.
Upcoming Dividend • Apr 21Upcoming dividend of ฿1.75 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.3%).
Reported Earnings • Feb 15Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ฿4.25 (up from ฿3.87 in FY 2020). Revenue: ฿3.80b (up 19% from FY 2020). Net income: ฿382.8m (up 10% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 2.1% compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year.
Price Target Changed • Nov 15Price target increased to ฿35.75Up from ฿31.56, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿30.75. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of ฿3.69 for next year compared to ฿3.86 last year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿1.16 (vs ฿1.29 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿980.5m (up 8.8% from 3Q 2020). Net income: ฿104.8m (down 9.6% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿1.02 (vs ฿0.79 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ฿820.2m (up 9.5% from 1Q 2020). Net income: ฿81.8m (up 15% from 1Q 2020). Profit margin: 10.0% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 28Upcoming dividend of ฿1.08 per shareEligible shareholders must have bought the stock before 05 May 2021. Payment date: 24 May 2021. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.8%).
Is New 90 Day High Low • Mar 08New 90-day high: ฿36.25The company is up 14% from its price of ฿31.75 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 • Feb 17Full year 2020 earnings released: EPS ฿4.35 (vs ฿3.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.20b (up 5.6% from FY 2019). Net income: ฿347.8m (up 42% from FY 2019). Profit margin: 11% (up from 8.1% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 20% growth forecast for the Packaging industry in Thailand.
Is New 90 Day High Low • Feb 05New 90-day high: ฿34.50The company is up 28% from its price of ฿27.00 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 25% over the same period.
Valuation Update With 7 Day Price Move • Nov 20Market bids up stock over the past weekAfter last week's 15% share price gain to ฿32.50, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.9x. 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 10%.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿1.45The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿905.7m (up 16% from 3Q 2019). Net income: ฿115.9m (up 47% from 3Q 2019). Profit margin: 13% (up from 10% in 3Q 2019). The increase in margin was driven by higher revenue. 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 7% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Nov 09New 90-day high: ฿27.25The company is up 3.0% from its price of ฿26.50 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is flat over the same period.