Has the Thai Paper Packaging Industry valuation changed over the past few years?

Investors are pessimistic on the Thai Paper Packaging industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 19.4x which is lower than its 3-year average PE of 21.7x. The industry is trading close to its 3-year average PS ratio of 0.75x.

How does Thai Paper Packaging compare with similar industries?

There are no additional sub-industries under this industry.

Thai (SET) Paper Packaging Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 21 Sep 2026	฿168.2b	฿179.1b	฿8.7b	9.3x	19.4x	0.9x
Wed, 19 Aug 2026	฿164.9b	฿179.1b	฿8.7b	9.3x	18.9x	0.9x
Fri, 17 Jul 2026	฿160.2b	฿176.9b	฿5.8b	9.3x	27.5x	0.9x
Sun, 14 Jun 2026	฿133.8b	฿176.9b	฿5.8b	8.5x	23x	0.8x
Tue, 12 May 2026	฿133.0b	฿177.7b	฿5.6b	8.3x	23.6x	0.7x
Thu, 09 Apr 2026	฿118.5b	฿181.1b	฿5.0b	8.3x	23.5x	0.7x
Sat, 07 Mar 2026	฿101.2b	฿178.1b	฿4.9b	9.8x	20.7x	0.6x
Mon, 02 Feb 2026	฿109.9b	฿179.6b	฿4.9b	9.2x	22.3x	0.6x
Wed, 31 Dec 2025	฿97.6b	฿180.6b	฿3.7b	9.2x	26.6x	0.5x
Fri, 28 Nov 2025	฿90.1b	฿180.7b	฿3.7b	8.2x	24.5x	0.5x
Sun, 26 Oct 2025	฿104.4b	฿189.4b	฿5.7b	8.9x	18.3x	0.6x
Tue, 23 Sep 2025	฿107.5b	฿189.4b	฿5.7b	8.9x	18.8x	0.6x
Thu, 21 Aug 2025	฿102.2b	฿189.4b	฿5.7b	9.5x	17.9x	0.5x
Sat, 19 Jul 2025	฿102.8b	฿187.6b	฿5.3b	8.4x	19.4x	0.5x
Mon, 16 Jun 2025	฿98.9b	฿187.6b	฿5.3b	8.2x	18.6x	0.5x
Wed, 14 May 2025	฿102.5b	฿187.1b	฿5.7b	8.4x	17.9x	0.5x
Fri, 11 Apr 2025	฿78.0b	฿188.9b	฿6.5b	8.2x	11.9x	0.4x
Sun, 09 Mar 2025	฿91.2b	฿188.9b	฿6.5b	8.4x	13.9x	0.5x
Tue, 04 Feb 2025	฿95.9b	฿187.3b	฿6.6b	9.1x	14.5x	0.5x
Thu, 02 Jan 2025	฿113.9b	฿187.9b	฿7.9b	9.1x	14.4x	0.6x
Sat, 30 Nov 2024	฿124.0b	฿187.9b	฿7.9b	9.5x	15.7x	0.7x
Mon, 28 Oct 2024	฿145.5b	฿184.5b	฿8.4b	12.5x	17.3x	0.8x
Wed, 25 Sep 2024	฿156.2b	฿162.8b	฿7.7b	13x	20.3x	1x
Fri, 23 Aug 2024	฿138.6b	฿184.5b	฿8.4b	12x	16.5x	0.8x
Sun, 21 Jul 2024	฿156.3b	฿181.3b	฿7.9b	12x	19.7x	0.9x
Tue, 18 Jun 2024	฿174.7b	฿181.3b	฿7.9b	13.6x	22x	1x
Thu, 16 May 2024	฿163.2b	฿181.1b	฿7.6b	13.1x	21.4x	0.9x
Sat, 13 Apr 2024	฿170.5b	฿180.6b	฿7.0b	13.9x	24.4x	0.9x
Mon, 11 Mar 2024	฿154.1b	฿180.6b	฿7.0b	14.4x	22x	0.9x
Wed, 07 Feb 2024	฿169.8b	฿182.0b	฿6.4b	15.9x	26.4x	0.9x
Fri, 05 Jan 2024	฿189.9b	฿183.6b	฿5.7b	17.4x	33.5x	1x
Sun, 03 Dec 2023	฿200.2b	฿183.6b	฿5.7b	17.5x	35.3x	1.1x
Tue, 31 Oct 2023	฿185.9b	฿187.2b	฿6.3b	20.2x	29.5x	1x
Thu, 28 Sep 2023	฿205.7b	฿193.5b	฿6.8b	20.9x	30.1x	1.1x


TH Market	-1.30%
Materials	-0.32%
Packaging	1.75%
Paper Packaging	2.00%
Metal and Glass Containers	0.56%

Company	Last Price	7D	1Y	Valuation
SCGP SCG Packaging	฿30.75	1.7% +฿2.1b	69.9%	PE21.9x
PTL Polyplex (Thailand)	฿14.50	1.4% +฿180.0m	7.4%	PE19x
UTP United Paper	฿9.10	0.6% +฿32.5m	17.4%	PE9.4x
UNIX Unique Plastic Industry	฿2.32	1.8% +฿26.4m	n/a	PE6.2x
NEP NEP Realty and Industry	฿0.22	4.8% +฿23.3m	-12.0%	PE11x

New Risk • Aug 21

New major risk - Financial position

The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.1% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (฿1.61b market cap, or US$49.2m).

Thai (SET) Paper Packaging Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

SCG Packaging Public Company Limited to Report Q3, 2026 Results on Oct 27, 2026

New major risk - Financial position

Second quarter 2026 earnings released: EPS: ฿0.24 (vs ฿0.32 loss in 2Q 2025)

Second quarter 2026 earnings released: EPS: ฿0.016 (vs ฿0.001 loss in 2Q 2025)

Second quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.21 in 2Q 2025)

Investor sentiment improves as stock rises 32%

Second quarter 2026 earnings released: EPS: ฿0.48 (vs ฿0.49 in 2Q 2025)

First half dividend reduced to ฿0.55

Second quarter 2026 earnings released: EPS: ฿0.016 (vs ฿0.002 in 2Q 2025)

Polyplex (Thailand) Public Company Limited Approves Final Dividend Payment for the Year Ended 31 March 2026, Payable on 27 August 2026