Thai (SET) Paper Packaging Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 21 May 2026	฿128.1b	฿177.3b	฿5.6b	8.7x	22.9x	0.7x
Sat, 18 Apr 2026	฿118.6b	฿181.1b	฿5.0b	8.4x	23.6x	0.7x
Mon, 16 Mar 2026	฿100.7b	฿178.0b	฿4.9b	9.5x	20.6x	0.6x
Wed, 11 Feb 2026	฿113.2b	฿179.6b	฿4.9b	9.2x	22.9x	0.6x
Fri, 09 Jan 2026	฿102.8b	฿180.6b	฿3.7b	9x	28x	0.6x
Sun, 07 Dec 2025	฿89.8b	฿180.6b	฿3.7b	8.4x	24.5x	0.5x
Tue, 04 Nov 2025	฿101.8b	฿181.6b	฿4.3b	9x	23.8x	0.6x
Thu, 02 Oct 2025	฿106.8b	฿189.4b	฿5.7b	8.9x	18.7x	0.6x
Sat, 30 Aug 2025	฿99.4b	฿189.4b	฿5.7b	9.3x	17.4x	0.5x
Mon, 28 Jul 2025	฿102.9b	฿187.6b	฿5.3b	8.2x	19.4x	0.5x
Wed, 25 Jun 2025	฿96.6b	฿187.6b	฿5.3b	8.1x	18.2x	0.5x
Fri, 23 May 2025	฿100.0b	฿187.8b	฿5.6b	8.2x	17.8x	0.5x
Sun, 20 Apr 2025	฿83.4b	฿188.9b	฿6.5b	8.4x	12.7x	0.4x
Tue, 18 Mar 2025	฿98.0b	฿188.9b	฿6.5b	8.4x	15x	0.5x
Thu, 13 Feb 2025	฿92.1b	฿187.3b	฿6.6b	8.4x	13.9x	0.5x
Sat, 11 Jan 2025	฿104.2b	฿187.9b	฿7.9b	9.1x	13.2x	0.6x
Mon, 09 Dec 2024	฿119.0b	฿187.9b	฿7.9b	9.5x	15.1x	0.6x
Wed, 06 Nov 2024	฿147.7b	฿186.3b	฿7.7b	12.3x	19.3x	0.8x
Fri, 04 Oct 2024	฿163.7b	฿184.5b	฿8.4b	12.9x	19.4x	0.9x
Sun, 01 Sep 2024	฿139.9b	฿184.5b	฿8.4b	12.3x	16.6x	0.8x
Tue, 30 Jul 2024	฿157.0b	฿183.3b	฿7.9b	12x	19.9x	0.9x
Thu, 27 Jun 2024	฿181.8b	฿181.3b	฿7.9b	13.4x	22.9x	1x
Sat, 25 May 2024	฿176.4b	฿181.4b	฿7.9b	12.9x	22.3x	1x
Mon, 22 Apr 2024	฿164.9b	฿180.6b	฿7.0b	13.4x	23.6x	0.9x
Wed, 20 Mar 2024	฿159.0b	฿180.6b	฿7.0b	14.4x	22.7x	0.9x
Fri, 16 Feb 2024	฿164.5b	฿56.9b	฿3.9b	15.3x	42.6x	2.9x
Sun, 14 Jan 2024	฿179.9b	฿183.6b	฿5.7b	17.2x	31.8x	1x
Tue, 12 Dec 2023	฿197.0b	฿183.6b	฿5.7b	17.6x	34.8x	1.1x
Thu, 09 Nov 2023	฿188.9b	฿199.1b	฿6.0b	22x	31.4x	0.9x
Sat, 07 Oct 2023	฿192.4b	฿193.5b	฿6.8b	19.5x	28.2x	1x
Mon, 04 Sep 2023	฿212.5b	฿193.5b	฿6.8b	22.6x	31.1x	1.1x
Wed, 02 Aug 2023	฿212.4b	฿197.5b	฿8.3b	15.9x	25.5x	1.1x
Fri, 30 Jun 2023	฿194.9b	฿203.3b	฿8.7b	15.3x	22.4x	1x
Sun, 28 May 2023	฿208.9b	฿203.5b	฿8.7b	17.4x	24x	1x

Current Industry PE

Investors are relatively neutral on the Thai Paper Packaging industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 22.0x.

The industry is trading close to its 3-year average PS ratio of 0.77x.

Past Earnings Growth

The earnings for companies in the Paper Packaging industry have declined 13% per year over the last three years,
Revenues have also declined 4.4% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Thai Paper Packaging compare with similar industries?


TH Market	0.74%
Materials	-1.24%
Packaging	-1.81%
Paper Packaging	-2.86%
Metal and Glass Containers	2.65%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
UTP United Paper	฿7.75	4.7% +฿227.5m	0%	PE9.2x
AJ A.J. Plast	฿2.84	4.4% +฿71.6m	-0.7%	PS0.2x
STP Sahathai Printing & Packaging	฿11.00	5.8% +฿60.0m	11.1%	PE6.6x
SFLEX Starflex	฿2.88	1.4% +฿29.7m	-2.7%	PE8.9x
TPBI TPBI	฿3.00	2.0% +฿25.0m	-5.1%	PE7.2x

New minor risk - Earnings quality

The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (฿18m revenue, or US$562k). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (57% net profit margin). Market cap is less than US$100m (฿465.1m market cap, or US$14.6m).

Thai (SET) Paper Packaging Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

First quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss in 1Q 2025)

SCGP: Dividend Policy And Earnings Quality Will Sustain Balanced Return Potential

First quarter 2026 earnings released: EPS: ฿0.56 (vs ฿0.22 in 1Q 2025)

First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter 2026 earnings released: EPS: ฿0.27 (vs ฿0.21 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.046 (vs ฿0.038 in 1Q 2025)

First quarter 2026 earnings released

First quarter 2026 earnings released: EPS: ฿0.31 (vs ฿0.97 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.12 (vs ฿0.14 in 1Q 2025)

New minor risk - Share price stability

Upcoming dividend of ฿0.42 per share

Upcoming dividend of ฿0.04 per share

New minor risk - Earnings quality