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

SFLEX is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (8.4x).

How does SFLEX's PE Ratio compare vs other companies in the TH Packaging Industry?

SFLEX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the TH Packaging industry average (9.1x).

What is SFLEX'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.

SFLEX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

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

SFLEX (THB2.86) is trading below our estimate of [[fair value]] (THB105.29)

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

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

SFLEX Stock Overview

Manufactures and distributes flexible packaging products in Thailand. More details

SFLEX fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	6/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 97.3% below our estimate of its fair value

Earnings are forecast to grow 5.48% per year

Earnings grew by 43.4% over the past year

Analysts in good agreement that stock price will rise by 76.3%

Risk Analysis

Has a high level of debt

Unstable dividend track record

Does not have a meaningful market cap (THB2B)

My Notes

Capture your thoughts, links and company narrative

Starflex Public Company Limited Competitors

Thantawan Industry

SET:THIP

฿2.5b

TPBI

SET:TPBI

฿1.6b

Panjawattana Plastic

SET:PJW

฿1.4b

Sahathai Printing & Packaging

SET:STP

฿1.2b

Price History & Performance

Summary of share price highs, lows and changes for Starflex
Historical stock prices
Current Share Price	฿2.86
52 Week High	฿4.06
52 Week Low	฿2.64
Beta	0.50
1 Month Change	-6.54%
3 Month Change	-12.27%
1 Year Change	-20.11%
3 Year Change	-43.37%
5 Year Change	54.59%
Change since IPO	52.13%

Recent updates

Shareholder Returns

	SFLEX	TH Packaging	TH Market
7D	5.1%	2.9%	2.7%
1Y	-20.1%	-34.6%	-1.6%

Return vs Industry: SFLEX exceeded the TH Packaging industry which returned -34.6% over the past year.

Return vs Market: SFLEX underperformed the TH Market which returned -1.6% over the past year.

Price Volatility

Is SFLEX's price volatile compared to industry and market?
SFLEX volatility
SFLEX Average Weekly Movement	4.6%
Packaging Industry Average Movement	3.4%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.7%
10% least volatile stocks in TH Market	2.1%

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

Volatility Over Time: SFLEX's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	n/a	Ek Picharnchitra	www.starflex.co.th

Starflex Public Company Limited manufactures and distributes flexible packaging products in Thailand. It provides packaging for non-food products, such as detergent and liquid detergent stand up pouch and roll, fabric softener and concentrated-stand up pouch, and fabric starch and dish wash stand up pouch; food products, including beverage, ice cream, snack, condiment, and pet food; and medical bags. The company was incorporated in 2003 and is headquartered in Bang Bo, Thailand.

Starflex Public Company Limited Fundamentals Summary

How do Starflex's earnings and revenue compare to its market cap?
SFLEX fundamental statistics
Market cap	฿2.22b
Earnings (TTM)	฿248.43m
Revenue (TTM)	฿1.87b

8.9x

P/E Ratio

1.2x

P/S Ratio

Is SFLEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SFLEX income statement (TTM)
Revenue	฿1.87b
Cost of Revenue	฿1.39b
Gross Profit	฿485.64m
Other Expenses	฿237.21m
Earnings	฿248.43m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.32
Gross Margin	25.90%
Net Profit Margin	13.25%
Debt/Equity Ratio	63.1%

How did SFLEX perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

33%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 22:23
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 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

Starflex Public Company Limited is covered by 8 analysts. 4 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
Jitra Amornthum	BNP Paribas Securities (Asia)
Wikij Tirawannarat	Bualuang Securities PCL
Suppata Srisuk	Bualuang Securities PCL

SFLEX Stock Overview

Rewards

Risk Analysis

Starflex Public Company Limited Competitors

SET:THIP

฿2.5b

SET:TPBI

฿1.6b

SET:PJW

฿1.4b

SET:STP

฿1.2b

Price History & Performance

Recent News & Updates

Now 24% undervalued after recent price drop

Upcoming dividend of ฿0.06 per share

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Share price stability

Price target decreased by 8.6% to ฿4.80

Investor sentiment improves as stock rises 16%

Recent updates

Now 24% undervalued after recent price drop

Upcoming dividend of ฿0.06 per share

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Share price stability

Price target decreased by 8.6% to ฿4.80

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Starflex Public Company Limited Approves Dividend Payment for the Fiscal Year Ended 31 December 2023

Starflex Public Company Limited (SET:SFLEX) announces an Equity Buyback for 19,000,000 shares, representing 2.32% for THB 50 million.

Upcoming dividend of ฿0.045 per share

Starflex Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2023, Payable on May 9, 2024

Starflex Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2023, Payable on May 9, 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Starflex Public Company Limited, Annual General Meeting, Apr 11, 2024

Now 21% undervalued

Upcoming dividend of ฿0.045 per share at 2.5% yield

Third quarter 2023 earnings released: EPS: ฿0.062 (vs ฿0.006 in 3Q 2022)

Starflex Public Company Limited Announces Interim Dividend for Operating Period from 1 January 2023 to 30 June 2023 , Payable on December 7,2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 13%

Investor sentiment improves as stock rises 15%

New minor risk - Share price stability

Upcoming dividend of ฿0.03 per share at 0.9% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 18%

Price target decreased to ฿2.82

Insufficient new directors

Consensus EPS estimates fall by 54%

Second quarter 2022 earnings released: EPS: ฿0.004 (vs ฿0.047 in 2Q 2021)

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 24% undervalued after recent price drop

Insufficient new directors

Upcoming dividend of ฿0.045 per share

Starflex Public Company Limited Approves Dividend for the Year Ended December 31, 2021

Full year 2021 earnings: EPS and revenues miss analyst expectations

Starflex Public Company Limited Approves Dividend for the Fiscal Year Ended 31 December 2021

Price target decreased to ฿6.30

Upcoming dividend of ฿0.04 per share

Second quarter 2021 earnings released: EPS ฿0.047 (vs ฿0.037 in 2Q 2020)

Upcoming dividend of ฿0.045 per share

New 90-day high: ฿6.15

New 90-day low: ฿5.10

Third quarter 2020 earnings released: EPS ฿0.046

Market bids up stock over the past week

New 90-day low: ฿5.15

New 90-day low: ฿10.60

Upcoming Dividend of ฿0.08 Per Share

Earnings released

Shareholder Returns

Price Volatility

About the Company

Starflex Public Company Limited Fundamentals Summary

8.9x

1.2x

Earnings & Revenue

Dividends

4.2%

33%

Company Analysis and Financial Data Status