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
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
Sat, 26 Aug 2023	฿204.4b	฿193.5b	฿6.8b	22.8x	29.9x	1.1x
Mon, 24 Jul 2023	฿204.6b	฿203.3b	฿8.7b	15.9x	23.5x	1x
Wed, 21 Jun 2023	฿207.9b	฿203.3b	฿8.7b	16.8x	23.9x	1x
Fri, 19 May 2023	฿226.2b	฿204.3b	฿9.6b	17.3x	23.6x	1.1x

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 16% per year over the last three years,
Revenues have also declined 4.5% 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	-0.30%
Materials	-2.23%
Packaging	-1.69%
Paper Packaging	-1.14%
Metal and Glass Containers	-3.98%

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	฿7.50	2.0% +฿97.5m	-2.6%	PE9.5x
UNIX Unique Plastic Industry	฿1.80	5.3% +฿59.4m	n/a	PE7.9x
PMC PMC Label Materials	฿0.87	6.2% +฿21.2m	23.4%	PE5.8x
STP Sahathai Printing & Packaging	฿10.50	1.9% +฿20.0m	5.5%	PE6.3x
TPLAS Thai Plastic Industrial (1994)	฿1.01	1.0% +฿2.7m	2.0%	PE34.3x

Company

Last Price

Valuation

UTP United Paper

฿7.50

2.0%
+฿97.5m

-2.6%

PE9.5x

UNIX Unique Plastic Industry

฿1.80

5.3%
+฿59.4m

n/a

PE7.9x

PMC PMC Label Materials

฿0.87

6.2%
+฿21.2m

23.4%

PE5.8x

STP Sahathai Printing & Packaging

฿10.50

1.9%
+฿20.0m

5.5%

PE6.3x

TPLAS Thai Plastic Industrial (1994)

฿1.01

1.0%
+฿2.7m

2.0%

PE34.3x

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: EPS: ฿0.31 (vs ฿0.97 in 1Q 2025)

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

SCGP: Dividend Policy And Profit Outlook Will Support Balanced Return Potential

Upcoming dividend of ฿0.11 per share

Insufficient new directors

New minor risk - Share price stability

Upcoming dividend of ฿0.42 per share

Insufficient new directors

Upcoming dividend of ฿0.04 per share

Less than half of directors are independent

New minor risk - Earnings quality

Full year 2025 earnings released: ฿0.93 loss per share (vs ฿1.38 loss in FY 2024)

Full year 2025 earnings released: EPS: ฿0.79 (vs ฿0.95 in FY 2024)