Panjawattana Plastic Management

Management criteria checks 3/4

Panjawattana Plastic's CEO is Satit Hemmondharop, appointed in Jan 2014, has a tenure of 12.5 years. directly owns 5.92% of the company’s shares, worth THB70.65M. The average tenure of the management team and the board of directors is 10.6 years and 15.5 years respectively.

Key information

Satit Hemmondharop

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	12.5yrs
CEO ownership	5.9%
Management average tenure	10.6yrs
Board average tenure	15.5yrs

Recent management updates

Recent updates

CEO

Satit Hemmondharop (58 yo)

12.5yrs

Tenure

฿80,000

Compensation

Mr. Satit Hemmondharop has been the Chief Executive Officer and Acting Chief Marketing Officer of Panjawattana Plastic Public Company Limited since 2011 and 2014 respectively. Mr. Hemmondharop served as De...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Satit Hemmondharop	CEO, Acting Chief Marketing Officer & Director	12.5yrs	฿80.00k	5.92% THB 70.6m
Wiwat Hemmondharop	Chairman of the Board of Executive Directors	12.5yrs	฿90.00k	7.07% THB 84.3m
Pirun Hemmondharop	Vice CEO	9.5yrs	฿80.00k	11.51% THB 137.3m
Malee Hemmondharop	Vice CEO & Director	15.5yrs	฿60.00k	7.02% THB 83.7m
Penchan Tobarameekul	Chief Executive Officer	4.9yrs	no data	no data
Prim Chaiyawat	CFO & Secretary	14.9yrs	no data	0.088% THB 1.0m
Nichalak Muanpuek	Chief Operating Officer	4.9yrs	no data	0.088% THB 1.0m
Sudarat Wiwakwan	Accounting Manager	less than a year	no data	no data
Seksan Sinbunluekul	Chief Product Engineer & Development Officer	9.7yrs	no data	no data
Supattra Nitjaya	Head of Internal Audit	11.5yrs	no data	no data

10.6yrs

Average Tenure

52yo

Average Age

Experienced Management: PJW's management team is seasoned and experienced (10.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Satit Hemmondharop	CEO, Acting Chief Marketing Officer & Director	33.8yrs	฿80.00k	5.92% THB 70.6m
Wiwat Hemmondharop	Chairman of the Board of Executive Directors	38.7yrs	฿90.00k	7.07% THB 84.3m
Pirun Hemmondharop	Vice CEO	15.5yrs	฿80.00k	11.51% THB 137.3m
Malee Hemmondharop	Vice CEO & Director	15.3yrs	฿60.00k	7.02% THB 83.7m
Damri Sukhotanang	Independent Chairman of the Board	15yrs	฿610.00k	0.047% THB 562.4k
Charanya Sangsukdee	Independent Director	15.5yrs	฿500.00k	0.047% THB 562.4k
Kongsak Hemmontharop	Vice Chairman	15.3yrs	฿60.00k	3.22% THB 38.4m
Natthawut Khemayotin	Independent Director	15.5yrs	฿490.00k	0.047% THB 562.4k
Prasert Patradhilok	Independent Director	4.4yrs	no data	no data

15.5yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PJW's board of directors are seasoned and experienced ( 15.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/13 06:28
End of Day Share Price	2026/07/13 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Panjawattana Plastic Public Company Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Thakol Banjongruck	Yuanta Securities (Thailand) Company Limited

Panjawattana Plastic Management

Management criteria checks 3/4

Key information

Recent management updates

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 28, 2026

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 21, 2025

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

Less than half of directors are independent

Less than half of directors are independent

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

Recent updates

New minor risk - Dividend sustainability

First quarter 2026 earnings released: EPS: ฿0.053 (vs ฿0.088 in 1Q 2025)

Upcoming dividend of ฿0.11 per share

Final dividend of ฿0.11 announced

Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.20 in FY 2024)

Panjawattana Plastic Public Company Limited Proposes Cash Dividend for the Operating Period from 01 January 2025 to 31 December 2025, Payable on 28 May 2026

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 28, 2026

Third quarter 2025 earnings released: EPS: ฿0.069 (vs ฿0.044 in 3Q 2024)

Second quarter 2025 earnings released: EPS: ฿0.058 (vs ฿0.026 in 2Q 2024)

First quarter 2025 earnings released: EPS: ฿0.088 (vs ฿0.071 in 1Q 2024)

Panjawattana Plastic Public Company Limited Approves Cash Dividend for the Year 2024, Payable on May 19, 2025

Upcoming dividend of ฿0.03 per share

Final dividend of ฿0.03 announced

Upcoming dividend of ฿0.06 per share

Dividend of ฿0.03 announced

Panjawattana Plastic Public Company Limited Proposes Dividend for 2024, Payable on March 26, 2025 and May 19, 2025 Respectively

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Panjawattana Plastic Public Company Limited, Annual General Meeting, Apr 21, 2025

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.

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