SCG Packaging Past Earnings Performance
Past criteria checks 4/6
SCG Packaging's earnings have been declining at an average annual rate of -17.2%, while the Packaging industry saw earnings growing at 2.6% annually. Revenues have been growing at an average rate of 1.3% per year. SCG Packaging's return on equity is 5.7%, and it has net margins of 3.9%.
Key information
-17.17%
Earnings growth rate
-18.80%
EPS growth rate
| Packaging Industry Growth | 0.64% |
| Revenue growth rate | 1.32% |
| Return on equity | 5.65% |
| Net Margin | 3.90% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
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.
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.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How SCG Packaging makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 121,460 | 4,736 | 16,072 | 0 |
| 31 Dec 25 | 124,374 | 4,069 | 16,131 | 0 |
| 30 Sep 25 | 125,435 | 2,806 | 15,526 | 0 |
| 30 Jun 25 | 128,367 | 2,430 | 15,900 | 0 |
| 31 Mar 25 | 132,899 | 3,809 | 16,190 | 0 |
| 31 Dec 24 | 132,784 | 3,699 | 16,318 | 0 |
| 30 Sep 24 | 133,433 | 4,974 | 16,411 | 0 |
| 30 Jun 24 | 131,636 | 5,721 | 16,095 | 0 |
| 31 Mar 24 | 97,618 | 5,104 | 12,164 | 0 |
| 31 Dec 23 | 129,398 | 5,248 | 15,655 | 0 |
| 30 Sep 23 | 131,026 | 4,479 | 15,096 | 0 |
| 30 Jun 23 | 137,396 | 4,992 | 15,349 | 0 |
| 31 Mar 23 | 143,162 | 5,363 | 15,797 | 0 |
| 31 Dec 22 | 146,068 | 5,801 | 15,568 | 0 |
| 30 Sep 22 | 147,704 | 7,467 | 15,218 | 0 |
| 30 Jun 22 | 141,691 | 7,410 | 14,513 | 0 |
| 31 Mar 22 | 133,604 | 7,818 | 13,233 | 0 |
| 31 Dec 21 | 124,223 | 8,294 | 12,213 | 0 |
| 30 Sep 21 | 112,674 | 7,665 | 11,831 | 0 |
| 30 Jun 21 | 104,031 | 7,219 | 10,878 | 0 |
| 31 Mar 21 | 95,772 | 6,860 | 10,559 | 0 |
| 31 Dec 20 | 92,786 | 6,457 | 10,090 | 0 |
| 30 Sep 20 | 92,286 | 6,168 | 9,923 | 0 |
| 30 Jun 20 | 93,444 | 6,303 | 9,946 | 0 |
| 31 Mar 20 | 92,573 | 5,700 | 9,777 | 0 |
| 31 Dec 19 | 89,070 | 5,269 | 9,710 | 0 |
| 31 Dec 18 | 87,255 | 6,066 | 9,538 | 0 |
| 31 Dec 17 | 81,455 | 4,425 | 8,709 | 0 |
| 31 Dec 16 | 74,542 | 3,285 | 8,388 | 0 |
| 31 Dec 15 | 70,907 | 3,225 | 7,723 | 0 |
Quality Earnings: SCGP has high quality earnings.
Growing Profit Margin: SCGP's current net profit margins (3.9%) are higher than last year (2.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SCGP's earnings have declined by 17.2% per year over the past 5 years.
Accelerating Growth: SCGP's earnings growth over the past year (24.3%) exceeds its 5-year average (-17.2% per year).
Earnings vs Industry: SCGP earnings growth over the past year (24.3%) exceeded the Packaging industry 0.9%.
Return on Equity
High ROE: SCGP's Return on Equity (5.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 10:48 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2026/03/31 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 25 analysts. 17 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 |
|---|---|
| Narumon Ekasamut | BofA Global Research |
| Suppata Srisuk | Bualuang Securities PCL |
| Amornrat Cheevavichawalkul | CGS International |