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, 28 May 2026	฿129.4b	฿176.9b	฿5.8b	8.7x	22.2x	0.7x
Sat, 25 Apr 2026	฿116.0b	฿181.1b	฿5.0b	8.5x	23.1x	0.6x
Mon, 23 Mar 2026	฿104.3b	฿178.0b	฿4.9b	9.4x	21.4x	0.6x
Wed, 18 Feb 2026	฿112.4b	฿178.9b	฿4.7b	9.4x	24x	0.6x
Fri, 16 Jan 2026	฿111.8b	฿180.6b	฿3.7b	9.1x	30.5x	0.6x
Sun, 14 Dec 2025	฿91.5b	฿180.6b	฿3.7b	8.5x	24.9x	0.5x
Tue, 11 Nov 2025	฿100.2b	฿181.6b	฿4.3b	9x	23.4x	0.6x
Thu, 09 Oct 2025	฿103.6b	฿189.4b	฿5.7b	9x	18.1x	0.5x
Sat, 06 Sep 2025	฿103.2b	฿189.4b	฿5.7b	9.4x	18.1x	0.5x
Mon, 04 Aug 2025	฿102.7b	฿183.1b	฿4.7b	8.3x	21.6x	0.6x
Wed, 02 Jul 2025	฿99.2b	฿187.6b	฿5.3b	8.2x	18.7x	0.5x
Fri, 30 May 2025	฿99.6b	฿187.6b	฿5.3b	8.3x	18.8x	0.5x
Sun, 27 Apr 2025	฿85.9b	฿188.9b	฿6.5b	8.4x	13.1x	0.5x
Tue, 25 Mar 2025	฿93.3b	฿188.9b	฿6.5b	8.3x	14.3x	0.5x
Thu, 20 Feb 2025	฿94.7b	฿188.0b	฿6.9b	8.3x	13.7x	0.5x
Sat, 18 Jan 2025	฿98.4b	฿187.9b	฿7.9b	8.7x	12.4x	0.5x
Mon, 16 Dec 2024	฿120.5b	฿187.9b	฿7.9b	9.4x	15.2x	0.6x
Wed, 13 Nov 2024	฿132.8b	฿186.3b	฿7.7b	12.2x	17.3x	0.7x
Fri, 11 Oct 2024	฿154.8b	฿184.5b	฿8.4b	12.8x	18.4x	0.8x
Sun, 08 Sep 2024	฿154.5b	฿184.5b	฿8.4b	13x	18.4x	0.8x
Tue, 06 Aug 2024	฿146.8b	฿183.3b	฿7.9b	12.5x	18.6x	0.8x
Thu, 04 Jul 2024	฿175.7b	฿181.3b	฿7.9b	13x	22.2x	1x
Sat, 01 Jun 2024	฿176.3b	฿181.3b	฿7.9b	13.5x	22.3x	1x
Mon, 29 Apr 2024	฿169.6b	฿180.8b	฿7.5b	13.8x	22.6x	0.9x
Wed, 27 Mar 2024	฿157.4b	฿180.6b	฿7.0b	14.1x	22.5x	0.9x
Fri, 23 Feb 2024	฿161.3b	฿56.8b	฿3.9b	15.4x	41.3x	2.8x
Sun, 21 Jan 2024	฿169.4b	฿183.6b	฿5.7b	17x	29.9x	0.9x
Tue, 19 Dec 2023	฿189.1b	฿183.6b	฿5.7b	17.6x	33.4x	1x
Thu, 16 Nov 2023	฿193.2b	฿198.4b	฿6.2b	17.9x	31.4x	1x
Sat, 14 Oct 2023	฿185.8b	฿193.5b	฿6.8b	19.7x	27.2x	1x
Mon, 11 Sep 2023	฿207.1b	฿193.5b	฿6.8b	22.5x	30.3x	1.1x
Wed, 09 Aug 2023	฿206.7b	฿197.0b	฿8.3b	15.9x	24.9x	1x
Fri, 07 Jul 2023	฿188.4b	฿203.3b	฿8.7b	16.1x	21.7x	0.9x
Sun, 04 Jun 2023	฿208.7b	฿203.3b	฿8.7b	17.2x	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 12% 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	2.43%
Materials	0.79%
Packaging	2.09%
Paper Packaging	2.41%
Metal and Glass Containers	0.82%

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
PTL Polyplex (Thailand)	฿9.95	12.4% +฿990.0m	-3.4%	PS0.4x
AJ A.J. Plast	฿3.24	14.1% +฿238.6m	28.6%	PS0.3x
UTP United Paper	฿7.85	1.3% +฿65.0m	1.3%	PE9.3x
TPLAS Thai Plastic Industrial (1994)	฿1.13	9.7% +฿27.0m	17.7%	PE20.3x
TCOAT Thai Coating Industrial	฿28.50	9.6% +฿26.3m	14.0%	PE93x

New major risk - Share price stability

The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (฿313.2m market cap, or US$9.59m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.

Thai (SET) Paper Packaging Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Unique Plastic Industry Public Company Limited to Report Q1, 2026 Results on Jun 05, 2026

Dividend of ฿0.12 announced

New major risk - Share price stability

New minor risk - Dividend sustainability

First quarter 2026 earnings released: EPS: ฿0.33 (vs ฿0.29 loss in 1Q 2025)

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

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)

Less than half of directors are independent