Panjawattana Plastic (SET:PJW) - Stock Price, News & Analysis

PJW Stock Overview

Manufactures and distributes plastic packaging and industrial plastic parts in Thailand and internationally. More details

PJW fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 70.9% below our estimate of its fair value

Earnings are forecast to grow 27.27% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.8% is not well covered by free cash flows

Does not have a meaningful market cap (THB2B)

Panjawattana Plastic Public Company Limited Competitors

TPBI

SET:TPBI

฿1.7b

Sahathai Printing & Packaging

SET:STP

฿1.2b

Starflex

SET:SFLEX

฿2.5b

Thai O.P.P

SET:TOPP

฿1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Panjawattana Plastic
Historical stock prices
Current Share Price	฿2.50
52 Week High	฿3.84
52 Week Low	฿2.44
Beta	0.42
11 Month Change	-5.30%
3 Month Change	-0.79%
1 Year Change	-34.21%
33 Year Change	-33.38%
5 Year Change	115.16%
Change since IPO	-35.61%

Recent updates

Shareholder Returns

	PJW	TH Packaging	TH Market
7D	0.8%	0.3%	0.3%
1Y	-34.2%	-27.7%	3.2%

Return vs Industry: PJW underperformed the TH Packaging industry which returned -27.7% over the past year.

Return vs Market: PJW underperformed the TH Market which returned 3.2% over the past year.

Price Volatility

Is PJW's price volatile compared to industry and market?
PJW volatility
PJW Average Weekly Movement	3.7%
Packaging Industry Average Movement	3.6%
Market Average Movement	4.6%
10% most volatile stocks in TH Market	10.1%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: PJW has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: PJW's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Satit Hemmondharop	www.pjw.co.th

Panjawattana Plastic Public Company Limited, together with its subsidiaries, manufactures and distributes plastic packaging and industrial plastic parts in Thailand and internationally. It operates through Plant – Samuthsakhon; Plant – Chonburi; Plant – Bangkok; Plant - Tianjin (China); Plant - Jiangsu (China); Business Trading; and Service segments. The company offers lubricant, fresh milk and yoghurt milk, consumer goods, and agro chemicals packaging products; and automotive plastic parts consisting of windshield washer tanks, radiator coolant reserve tanks, air ducts, lids, spoilers, and gear covers.

Panjawattana Plastic Public Company Limited Fundamentals Summary

How do Panjawattana Plastic's earnings and revenue compare to its market cap?
PJW fundamental statistics
Market cap	฿1.56b
Earnings (TTM)	฿116.61m
Revenue (TTM)	฿3.61b

13.4x

P/E Ratio

0.4x

P/S Ratio

Is PJW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PJW income statement (TTM)
Revenue	฿3.61b
Cost of Revenue	฿2.94b
Gross Profit	฿673.33m
Other Expenses	฿556.73m
Earnings	฿116.61m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	18.64%
Net Profit Margin	3.23%
Debt/Equity Ratio	103.9%

How did PJW perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

32%

Payout Ratio

PJW Stock Overview

Rewards

Risk Analysis

Panjawattana Plastic Public Company Limited Competitors

SET:TPBI

฿1.7b

SET:STP

฿1.2b

SET:SFLEX

฿2.5b

SET:TOPP

฿1.0b

Price History & Performance

Recent News & Updates

New major risk - Financial position

A group of buyers agreed to acquire an unknown minority stake in Master Laundry Company Limited from Panjawattana Plastic Public Company Limited (SET:PJW) for THB 19.1 million.

A group of buyers agreed to acquire an unknown minority stake in Master Laundry Company Limited from Panjawattana Plastic Public Company Limited (SET:PJW) for THB 19.1 million.

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target decreased by 18% to ฿5.30

First quarter 2024 earnings released: EPS: ฿0.071 (vs ฿0.067 in 1Q 2023)

Recent updates

New major risk - Financial position

A group of buyers agreed to acquire an unknown minority stake in Master Laundry Company Limited from Panjawattana Plastic Public Company Limited (SET:PJW) for THB 19.1 million.

A group of buyers agreed to acquire an unknown minority stake in Master Laundry Company Limited from Panjawattana Plastic Public Company Limited (SET:PJW) for THB 19.1 million.

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target decreased by 18% to ฿5.30

First quarter 2024 earnings released: EPS: ฿0.071 (vs ฿0.067 in 1Q 2023)

Panjawattana Plastic Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 17, 2024

Upcoming dividend of ฿0.06 per share

Now 20% overvalued

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Panjawattana Plastic Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 17, 2024

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 22, 2024

Now 21% undervalued after recent price drop

Upcoming dividend of ฿0.06 per share at 3.1% yield

Panjawattana Plastic Public Company Limited Announces Cash Dividend, Payable on February 14, 2024

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2023 earnings released: EPS: ฿0.068 (vs ฿0.018 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.064 (vs ฿0.069 in 1Q 2022)

Upcoming dividend of ฿0.05 per share at 1.1% yield

Third quarter 2022 earnings released: EPS: ฿0.032 (vs ฿0.051 in 3Q 2021)

Less than half of directors are independent

Panjawattana Plastic Public Company Limited Approves Interim Dividend, Payable on October 27, 2022

Second quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.08 in 2Q 2021)

Panjawattana Plastic Public Company Limited Proposes Dividend Payment

Investor sentiment improved over the past week

First quarter 2022 earnings: EPS misses analyst expectations

Less than half of directors are independent

Upcoming dividend of ฿0.08 per share

Dr. Aekkachai Nittayagasetwat Not Resume Independent Director Position and All Positions in Panjawattana Plastic Public Company Limited

Panjawattana Plastic Public Company Limited Announces Dividend, Payable on May 5, 2022

Full year 2021 earnings: EPS misses analyst expectations

Panjawattana Plastic Public Company Limited (SET:PJW) entered into an agreement to acquire a 99.99% stake in Master Laundry Company Limited from Federal Holdings Company Limited for THB 63 million.

Upcoming dividend of ฿0.08 per share

Third quarter 2021 earnings released: EPS ฿0.054 (vs ฿0.028 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.08 (vs ฿0.009 in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.075 (vs ฿0.06 in 1Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of ฿0.13 per share

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS ฿0.20 (vs ฿0.11 in FY 2019)

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 02, 2021

Investor sentiment improved over the past week

New 90-day high: ฿2.22

Investor sentiment improved over the past week

New 90-day high: ฿1.58

New 90-day high: ฿1.45

New 90-day high: ฿1.40

Third quarter 2020 earnings released: EPS ฿0.028

New 90-day low: ฿1.24

Earnings released

Shareholder Returns

Price Volatility

About the Company

Panjawattana Plastic Public Company Limited Fundamentals Summary

13.4x

0.4x