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Shrinkflex (Thailand) SET:SFT Stock Report

Last Price


Market Cap







14 Aug, 2022


Company Financials
SFT fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health6/6

SFT Stock Overview

Shrinkflex (Thailand) Public Company Limited engages in the manufacture and distribution of PVC and PET shrink sleeve labels in Thailand.

Shrinkflex (Thailand) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shrinkflex (Thailand)
Historical stock prices
Current Share Price฿4.86
52 Week High฿8.45
52 Week Low฿4.60
1 Month Change2.10%
3 Month Change-2.80%
1 Year Change-31.55%
3 Year Changen/a
5 Year Changen/a
Change since IPO27.89%

Recent News & Updates

Shareholder Returns

SFTTH Commercial ServicesTH Market

Return vs Industry: SFT underperformed the TH Commercial Services industry which returned 17.4% over the past year.

Return vs Market: SFT underperformed the TH Market which returned 8% over the past year.

Price Volatility

Is SFT's price volatile compared to industry and market?
SFT volatility
SFT Average Weekly Movement2.9%
Commercial Services Industry Average Movement5.8%
Market Average Movement4.6%
10% most volatile stocks in TH Market10.2%
10% least volatile stocks in TH Market2.3%

Stable Share Price: SFT is less volatile than 75% of TH stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SFT's weekly volatility (3%) has been stable over the past year.

About the Company

2007n/aSung Tsoi

Shrinkflex (Thailand) Public Company Limited engages in the manufacture and distribution of PVC and PET shrink sleeve labels in Thailand. It offers shrinkable packaging by gravure and digital process. The company also provides stretch film products; and consulting services.

Shrinkflex (Thailand) Fundamentals Summary

How do Shrinkflex (Thailand)'s earnings and revenue compare to its market cap?
SFT fundamental statistics
Market Cap฿2.14b
Earnings (TTM)฿86.01m
Revenue (TTM)฿816.33m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFT income statement (TTM)
Cost of Revenue฿605.49m
Gross Profit฿210.84m
Other Expenses฿124.83m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)0.20
Gross Margin25.83%
Net Profit Margin10.54%
Debt/Equity Ratio2.0%

How did SFT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is SFT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SFT?

Other financial metrics that can be useful for relative valuation.

SFT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA14.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SFT's PE Ratio compare to its peers?

SFT PE Ratio vs Peers
The above table shows the PE ratio for SFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average51.4x
TKS T.K.S. Technologies
KWC Krungdhep Sophon
SIAM Siam Steel International
STI Stonehenge Inter
SFT Shrinkflex (Thailand)

Price-To-Earnings vs Peers: SFT is good value based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (51.4x).

Price to Earnings Ratio vs Industry

How does SFT's PE Ratio compare vs other companies in the Asian Commercial Services Industry?

Price-To-Earnings vs Industry: SFT is good value based on its Price-To-Earnings Ratio (24.9x) compared to the TH Commercial Services industry average (51.2x)

Price to Earnings Ratio vs Fair Ratio

What is SFT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SFT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SFT's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of SFT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SFT (THB4.86) is trading above our estimate of fair value (THB1.24)

Significantly Below Fair Value: SFT is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Shrinkflex (Thailand) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shrinkflex (Thailand) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has Shrinkflex (Thailand) performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SFT has high quality earnings.

Growing Profit Margin: SFT's current net profit margins (10.5%) are lower than last year (14.5%).

Past Earnings Growth Analysis

Earnings Trend: SFT's earnings have grown significantly by 28.3% per year over the past 5 years.

Accelerating Growth: SFT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SFT had negative earnings growth (-21%) over the past year, making it difficult to compare to the Commercial Services industry average (-20.5%).

Return on Equity

High ROE: SFT's Return on Equity (11.7%) is considered low.

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Financial Health

How is Shrinkflex (Thailand)'s financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SFT's short term assets (THB556.5M) exceed its short term liabilities (THB189.7M).

Long Term Liabilities: SFT's short term assets (THB556.5M) exceed its long term liabilities (THB59.6M).

Debt to Equity History and Analysis

Debt Level: SFT has more cash than its total debt.

Reducing Debt: SFT's debt to equity ratio has reduced from 34.9% to 2% over the past 5 years.

Debt Coverage: SFT's debt is well covered by operating cash flow (601.2%).

Interest Coverage: SFT's interest payments on its debt are well covered by EBIT (19.8x coverage).

Balance Sheet

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What is Shrinkflex (Thailand) current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SFT's dividend (2.09%) is higher than the bottom 25% of dividend payers in the TH market (1.68%).

High Dividend: SFT's dividend (2.09%) is low compared to the top 25% of dividend payers in the TH market (5.46%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether SFT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SFT's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.1%), SFT's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: SFT is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Sung Tsoi

no data



Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Shrinkflex (Thailand) Public Company Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Shrinkflex (Thailand) Public Company Limited
  • Ticker: SFT
  • Exchange: SET
  • Founded: 2007
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Implied Market Cap: ฿2.138b
  • Shares outstanding: 440.00m
  • Website:

Number of Employees


  • Shrinkflex (Thailand) Public Company Limited
  • 68/2-5 Moo 5
  • Tambon Bang Samak
  • Chachoengsao
  • 24130
  • Thailand


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/11 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.