SCG Packaging Public Company Limited

SET:SCGP Stock Report

Market Cap: ฿125.6b

SCG Packaging Future Growth

Future criteria checks 2/6

SCG Packaging is forecast to grow earnings and revenue by 11.1% and 4.8% per annum respectively. EPS is expected to grow by 11.1% per annum. Return on equity is forecast to be 7.8% in 3 years.

Key information

11.1%

Earnings growth rate

11.07%

EPS growth rate

Packaging earnings growth22.3%
Revenue growth rate4.8%
Future return on equity7.76%
Analyst coverage

Good

Last updated07 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 01

SCGP: Vietnam Capacity Expansion Will Sustain Rich P/E And Downside Risk

Analysts have lifted their price target on SCG Packaging to THB26.00 from THB23.74, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the revision. What’s in the News for SCG Packaging SCG Packaging approved an investment of VND 604 billion (approximately THB 748 million) to expand its fiber packaging business in southern Vietnam through a new box plant at Vina Kraft Paper Co. Ltd.’s existing facility in Ho Chi Minh City.
Narrative Update • Jun 17

SCGP: High Payout Policy Will Likely Pressure Future Earnings Quality

Analysts have raised their fair value estimate for SCG Packaging from THB13.96 to THB15.22, reflecting updated assumptions that include a lower discount rate, an improved profit margin outlook, and a slightly higher future P/E multiple, partially offset by more moderate revenue growth expectations. What’s in the News for SCG Packaging SCG Packaging Public Company Limited approved a dividend for the year 2025 of THB 0.60 per share, totaling THB 2,576 million, equal to 63.3% of profit for the year on the consolidated financial statements, in line with SCGP’s dividend payment policy.
Narrative Update • Jun 03

SCGP: 2025 Dividend Payout Will Support Rerated Upside Potential

Analysts have lifted their fair value estimate for SCG Packaging from THB26.0 to THB33.0, citing updated assumptions for revenue growth, profit margins, discount rate and forward P/E as the key drivers behind the higher price target. What's in the News The board approved a 2025 dividend of THB0.60 per share, totaling THB2,576 million, in line with SCG Packaging Public Company Limited's stated dividend policy.
Narrative Update • May 19

SCGP: Dividend Policy And Earnings Quality Will Sustain Balanced Return Potential

Analysts have maintained their fair value estimate for SCG Packaging at THB 23.74, while updating key assumptions such as a slightly lower discount rate and a marginally reduced future P/E. These changes reflect refreshed views on risk and earnings quality without altering the headline target.
Narrative Update • May 02

SCGP: Dividend Policy And Profit Outlook Will Support Balanced Return Potential

Analysts have raised their price target for SCG Packaging from THB20.58 to THB23.74, reflecting updated assumptions for revenue growth, profit margin, discount rate and future P/E. What's in the News The board approved the allocation of 2025 profit for dividend distribution at THB 0.60 per share, equal to 63.3% of profit on consolidated financial statements, in line with SCGP's stated dividend policy (Key Developments).
Narrative Update • Apr 18

SCGP: 2025 Dividend Outlook Will Support Balanced Return Potential

Analysts have nudged their fair value estimate for SCG Packaging slightly higher, with the target moving from THB20.31 to THB20.58. This reflects updated views on discount rates, revenue growth, profit margins and future P/E assumptions.
Narrative Update • Apr 03

SCGP: Higher 2025 Dividend Policy Will Support Future Upside Potential

Analysts have maintained their THB 26.0 price target for SCG Packaging, citing updated assumptions that include a slightly lower discount rate, modest adjustments to revenue growth and profit margin estimates, and a small recalibration of the future P/E multiple. What's in the News The board approved profit allocation for 2025 that includes a full year dividend of THB 0.60 per share, equal to 63.3% of profit on consolidated financial statements, totaling about THB 2,576m (Key Developments).
Narrative Update • Mar 20

SCGP: Upcoming 2025 Dividend Payout Will Support Attractive Future Returns

Analysts have slightly adjusted their price target for SCG Packaging to THB20.31 from THB20.25, reflecting small tweaks to assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Proposed full year 2025 dividend of THB0.60 per share, totaling about THB2,576m, representing 63.3% of profit on consolidated financial statements (Key Developments).
Narrative Update • Mar 05

SCGP: Payout-Heavy Dividend Policy Will Likely Sustain Earnings Quality Concerns

Analysts have raised their price target on SCG Packaging from THB13.00 to about THB13.96, citing updated assumptions that combine a slightly lower discount rate, more moderate revenue growth expectations, a higher projected profit margin, and a small adjustment to future P/E. What's in the News SCG Packaging Public Company Limited proposed a full year 2025 dividend of THB 0.60 per share, equal to approximately THB 2,576 million on a consolidated basis, representing 63.3% of profit for the year (Key Developments).
Narrative Update • Feb 19

SCGP: Dividend Policy And Board Refresh Will Support Stable Future Outlook

Analysts have raised their price target for SCG Packaging to THB20.25 from THB19.29, reflecting updated assumptions around discount rate, revenue growth, profit margin and a higher future P/E multiple. What's in the News Proposed full year 2025 dividend of THB0.60 per share, totaling about THB2,576m, based on consolidated profit that has been subject to 20% corporate income tax (Key Developments).
Narrative Update • Feb 05

SCGP: Higher Dividend Plan And New Audit Director Will Support Upside Potential

Analysts have nudged their price target for SCG Packaging up to $26.00, reflecting updated views on fair value, a slightly lower discount rate, adjusted revenue growth assumptions, a modestly higher profit margin outlook, and a recalibrated future P/E multiple. What's in the News Proposed full year 2025 dividend of THB 0.60 per share, totaling about THB 2,576m, representing 63.3% of profit on consolidated financial statements (Key Developments).
Narrative Update • Jan 22

SCGP: Board Changes And Stable Outlook Will Support Balanced Future Prospects

Analysts have nudged their fair value estimate for SCG Packaging to ฿19.29 from ฿19.11, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E as key inputs to the revised target. What's in the News A board meeting is scheduled for November 25, 2025, to consider electing Mrs.
Narrative Update • Jan 08

SCGP: Higher Fair Value Will Likely Mask Ongoing Earnings Quality Risk

Analysts have raised their fair value estimate for SCG Packaging from $12.00 to $13.00, citing updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News A board meeting is scheduled for November 25, 2025, to consider electing Mrs.
Narrative Update • Dec 18

SCGP: Board And Audit Committee Transition Will Support Stronger Governance Outlook

Analysts have nudged their price target on SCG Packaging slightly lower to THB 25.57 from THB 25.60, reflecting a higher assumed discount rate despite more optimistic forecasts for revenue growth and profit margins. What's in the News The board of directors is scheduled to meet on November 25, 2025, to consider electing Mrs.
Narrative Update • Dec 04

SCGP: Board And Audit Changes Will Support Future Upside Potential

Analysts have nudged their price target for SCG Packaging slightly higher to THB19.11, reflecting modestly increased discount rate and future P E assumptions, while keeping revenue growth and profit margin forecasts broadly unchanged. What's in the News The board of directors is scheduled to meet on November 25, 2025, to address changes in board composition and audit oversight (company filing).
Narrative Update • Nov 19

SCGP: Fair Value Increase Points To Strong Future Upside Potential

Analysts have slightly raised their fair value estimate for SCG Packaging from ฿19.03 to ฿19.11, citing minor adjustments in key financial assumptions and market outlook. Valuation Changes Fair Value: Increased slightly from THB 19.03 to THB 19.11.
Narrative Update • Nov 04

SCGP: Future Profits Will Improve While Shares Remain Fairly Priced

Analysts have raised their price target for SCG Packaging from 18.67 THB to 19.03 THB. This reflects improved expectations for revenue growth and profit margins based on recent company performance projections.
Narrative Update • Oct 21

Analysts Lift SCG Packaging Target as Higher Margins Offset Slower Revenue Growth

Analysts have raised their price target for SCG Packaging from 17.69 to 18.67, citing a modest uptick in projected profit margins even though revenue growth is expected to slow slightly. Valuation Changes Fair Value increased from THB 17.69 to THB 18.67, reflecting a modest upward revision.
User avatar
New Narrative • Feb 23

Investments In AI And ASEAN Markets Will Improve Future Efficiency

Focused expansion in ASEAN markets, particularly Thailand, Vietnam, and Indonesia, aims to drive volume growth and positively impact revenue.

Earnings and Revenue Growth Forecasts

SET:SCGP - Analysts future estimates and past financials data (THB Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028140,4876,53410,30915,48613
12/31/2027138,3415,8919,59713,99916
12/31/2026133,7965,4598,47813,34316
3/31/2026121,4604,73611,40616,664N/A
12/31/2025124,3744,06910,38015,538N/A
9/30/2025155,5802,51911,09716,220N/A
6/30/2025158,5122,1448,27713,903N/A
3/31/2025163,0443,5227,87313,158N/A
12/31/2024132,7843,6998,11413,754N/A
9/30/2024133,4334,9748,01214,405N/A
6/30/2024131,6365,7217,32111,551N/A
3/31/202497,6185,10412,39419,518N/A
12/31/2023129,3985,24814,09921,482N/A
9/30/2023131,0264,47913,94621,167N/A
6/30/2023137,3964,99213,50220,803N/A
3/31/2023143,1625,36312,14819,442N/A
12/31/2022146,0685,80110,04817,234N/A
9/30/2022147,7047,4676,96014,213N/A
6/30/2022141,6917,4103,89010,500N/A
3/31/2022133,6047,8182,0418,680N/A
12/31/2021124,2238,2941,0867,501N/A
9/30/2021112,6747,6651,9248,099N/A
6/30/2021104,0317,2193,81110,217N/A
3/31/202195,7726,8605,87512,507N/A
12/31/202092,7866,4578,00315,729N/A
9/30/202092,2866,1688,63917,109N/A
6/30/202093,4446,3039,77619,671N/A
3/31/202092,5735,7008,91018,262N/A
12/31/201989,0705,269N/A16,014N/A
12/31/201887,2556,066N/A14,252N/A
12/31/201781,4554,425N/A6,742N/A
12/31/201674,5423,285N/A10,519N/A
12/31/201570,9073,225N/A7,827N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCGP's forecast earnings growth (11.1% per year) is above the savings rate (2.2%).

Earnings vs Market: SCGP's earnings (11.1% per year) are forecast to grow faster than the TH market (10.6% per year).

High Growth Earnings: SCGP's earnings are forecast to grow, but not significantly.

Revenue vs Market: SCGP's revenue (4.8% per year) is forecast to grow slower than the TH market (9.8% per year).

High Growth Revenue: SCGP's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SCGP's Return on Equity is forecast to be low in 3 years time (7.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 16:52
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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.

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

SCG Packaging Public Company Limited is covered by 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Narumon EkasamutBofA Global Research
Suppata SrisukBualuang Securities PCL
Amornrat CheevavichawalkulCGS International