Eastern Polymer Group Public Company Limited

SET:EPG Stock Report

Market Cap: ฿11.2b

Eastern Polymer Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: EPG (THB4) is trading above our estimate of fair value (THB3.82)

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

Key Valuation Metric

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

Key metric: As EPG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EPG. This is calculated by dividing EPG's market cap by their current earnings.
What is EPG's PE Ratio?
PE Ratio13.4x
Earnings฿834.54m
Market Cap฿11.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
PSP P.S.P. Specialties
9.6xn/a฿5.8b
BCT Birla Carbon (Thailand)
8.9xn/a฿20.1b
TOA TOA Paint (Thailand)
14.6x13.7%฿29.4b
TEGH Thai Eastern Group Holdings
8.6x16.9%฿3.9b
EPG Eastern Polymer Group
13.4x22.7%฿11.2b

Price-To-Earnings vs Peers: EPG is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does EPG's PE Ratio compare vs other companies in the TH Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
EPG 13.4xIndustry Avg. 13.2xNo. of Companies4PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPG is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the TH Chemicals industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is EPG'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.

EPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: EPG is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

Analyst Price Targets

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

The above table shows the analyst EPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿4.00
฿6.11
+52.8%
14.4%฿7.80฿5.25n/a5
Dec ’25฿4.14
฿6.11
+47.6%
14.4%฿7.80฿5.25n/a5
Nov ’25฿4.70
฿6.60
+40.4%
12.4%฿7.80฿5.70n/a4
Oct ’25฿5.10
฿6.60
+29.4%
12.4%฿7.80฿5.70n/a4
Sep ’25฿3.94
฿6.90
+75.1%
10.7%฿7.80฿6.00n/a3
Aug ’25฿4.48
฿8.25
+84.2%
15.2%฿10.30฿6.90n/a4
Jul ’25฿5.05
฿8.25
+63.4%
15.2%฿10.30฿6.90n/a4
Jun ’25฿6.70
฿9.50
+41.8%
16.4%฿11.00฿6.90n/a4
May ’25฿6.85
฿9.91
+44.7%
9.0%฿11.00฿8.55n/a4
Apr ’25฿6.75
฿9.91
+46.9%
9.0%฿11.00฿8.55n/a4
Mar ’25฿7.15
฿9.91
+38.6%
9.0%฿11.00฿8.55n/a4
Feb ’25฿7.45
฿9.75
+30.8%
11.9%฿11.00฿7.88n/a4
Jan ’25฿8.30
฿9.75
+17.4%
11.9%฿11.00฿7.88n/a4
Dec ’24฿7.15
฿9.33
+30.4%
11.0%฿10.30฿7.60฿4.144
Nov ’24฿6.50
฿9.25
+42.3%
10.8%฿10.30฿7.60฿4.704
Oct ’24฿6.60
฿9.25
+40.2%
10.8%฿10.30฿7.60฿5.104
Sep ’24฿6.90
฿9.25
+34.1%
10.8%฿10.30฿7.60฿3.944
Aug ’24฿6.60
฿9.28
+40.6%
9.7%฿10.30฿7.60฿4.485
Jul ’24฿6.90
฿9.28
+34.5%
9.7%฿10.30฿7.60฿5.055
Jun ’24฿7.00
฿9.90
+41.4%
13.4%฿12.00฿7.60฿6.706
May ’24฿7.45
฿10.26
+37.7%
9.9%฿12.00฿9.10฿6.855
Apr ’24฿8.10
฿10.26
+26.7%
9.9%฿12.00฿9.10฿6.755
Mar ’24฿8.15
฿10.97
+34.6%
16.7%฿14.50฿9.10฿7.156
Feb ’24฿8.85
฿11.36
+28.3%
13.8%฿14.50฿9.40฿7.457
Jan ’24฿9.90
฿12.09
+22.1%
9.7%฿14.50฿10.60฿8.307
Dec ’23฿10.10
฿12.58
+24.5%
13.5%฿16.00฿10.60฿7.158

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 04:20
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Eastern Polymer Group Public Company Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Therdsak ThaveeteerathamAsia Plus Securities Company Limited
Suwat SinsadokBNP Paribas Securities (Asia)
Suppata SrisukBualuang Securities PCL