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
Sat, 01 Aug 2026	฿162.9b	฿177.8b	฿7.1b	9.2x	22.9x	0.9x
Mon, 29 Jun 2026	฿149.0b	฿176.9b	฿5.8b	9.2x	25.6x	0.8x
Wed, 27 May 2026	฿129.4b	฿176.9b	฿5.8b	8.7x	22.2x	0.7x
Fri, 24 Apr 2026	฿113.2b	฿181.1b	฿5.0b	8.4x	22.5x	0.6x
Sun, 22 Mar 2026	฿104.3b	฿178.0b	฿4.9b	9.4x	21.4x	0.6x
Tue, 17 Feb 2026	฿112.9b	฿178.9b	฿4.7b	9.4x	24.1x	0.6x
Thu, 15 Jan 2026	฿105.1b	฿180.6b	฿3.7b	9.1x	28.6x	0.6x
Sat, 13 Dec 2025	฿91.5b	฿180.6b	฿3.7b	8.5x	24.9x	0.5x
Mon, 10 Nov 2025	฿99.9b	฿181.6b	฿4.3b	9x	23.4x	0.6x
Wed, 08 Oct 2025	฿105.5b	฿189.4b	฿5.7b	8.9x	18.5x	0.6x
Fri, 05 Sep 2025	฿100.1b	฿189.4b	฿5.7b	9.3x	17.5x	0.5x
Sun, 03 Aug 2025	฿102.7b	฿183.1b	฿4.7b	8.3x	21.6x	0.6x
Tue, 01 Jul 2025	฿99.2b	฿187.6b	฿5.3b	8.2x	18.7x	0.5x
Thu, 29 May 2025	฿101.2b	฿187.6b	฿5.3b	8.2x	19.1x	0.5x
Sat, 26 Apr 2025	฿85.9b	฿188.9b	฿6.5b	8.4x	13.1x	0.5x
Mon, 24 Mar 2025	฿93.4b	฿188.9b	฿6.5b	8.3x	14.3x	0.5x
Wed, 19 Feb 2025	฿94.7b	฿188.0b	฿6.9b	8.3x	13.7x	0.5x
Fri, 17 Jan 2025	฿102.9b	฿187.9b	฿7.9b	8.8x	13x	0.5x
Sun, 15 Dec 2024	฿120.5b	฿187.9b	฿7.9b	9.4x	15.2x	0.6x
Tue, 12 Nov 2024	฿132.3b	฿186.3b	฿7.7b	12.3x	17.3x	0.7x
Thu, 10 Oct 2024	฿157.0b	฿184.5b	฿8.4b	13x	18.7x	0.9x
Sat, 07 Sep 2024	฿154.5b	฿184.5b	฿8.4b	13x	18.4x	0.8x
Mon, 05 Aug 2024	฿154.7b	฿183.3b	฿7.9b	12.7x	19.6x	0.8x
Wed, 03 Jul 2024	฿176.7b	฿181.3b	฿7.9b	12.8x	22.3x	1x
Fri, 31 May 2024	฿181.5b	฿181.3b	฿7.9b	13.5x	22.9x	1x
Sun, 28 Apr 2024	฿169.6b	฿180.8b	฿7.5b	13.8x	22.6x	0.9x
Tue, 26 Mar 2024	฿156.4b	฿180.6b	฿7.0b	14.1x	22.4x	0.9x
Thu, 22 Feb 2024	฿158.8b	฿56.8b	฿3.9b	15.4x	40.6x	2.8x
Sat, 20 Jan 2024	฿169.4b	฿183.6b	฿5.7b	17x	29.9x	0.9x
Mon, 18 Dec 2023	฿189.2b	฿183.6b	฿5.7b	17.1x	33.4x	1x
Wed, 15 Nov 2023	฿188.3b	฿198.4b	฿6.2b	17.7x	30.6x	0.9x
Fri, 13 Oct 2023	฿185.8b	฿193.5b	฿6.8b	19.7x	27.2x	1x
Sun, 10 Sep 2023	฿207.1b	฿193.5b	฿6.8b	22.5x	30.3x	1.1x
Tue, 08 Aug 2023	฿207.4b	฿197.5b	฿8.3b	16x	24.9x	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 22.1x.

The industry is trading close to its 3-year average PS ratio of 0.76x.

Past Earnings Growth

The earnings for companies in the Paper Packaging industry have declined 5.1% per year over the last three years,
Revenues have also declined 3.4% 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	-1.27%
Materials	-2.29%
Packaging	1.04%
Paper Packaging	1.11%
Metal and Glass Containers	0.71%

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
SCGP SCG Packaging	฿30.50	1.7% +฿2.1b	71.3%	PE21.7x
UTP United Paper	฿8.25	0.6% +฿32.5m	8.6%	PE9.8x
NEP NEP Realty and Industry	฿0.19	5.6% +฿23.3m	-13.6%	PE54.2x
TPBI TPBI	฿3.18	1.3% +฿16.7m	3.9%	PE7.7x
PJW Panjawattana Plastic	฿2.10	1.0% +฿11.6m	0%	PE7.4x

New minor risk - Dividend sustainability

The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.18b market cap, or US$36.3m).

Thai (SET) Paper Packaging Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

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

SCGP: Higher Payout Policy Will Likely Strain Future Profitability

Now 20% overvalued after recent price rise

First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.002 in 1Q 2025)

New minor risk - Dividend sustainability

First quarter 2026 earnings released: ฿0.17 loss per share (vs ฿0.028 loss 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: ฿0.12 (vs ฿0.14 in 1Q 2025)

Upcoming dividend of ฿0.42 per share