Starflex Future Growth

Future criteria checks 3/6

Starflex is forecast to grow earnings and revenue by 5.5% and 8.9% per annum respectively. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be 22.5% in 3 years.

Key information

5.5%

Earnings growth rate

3.8%

EPS growth rate

Packaging earnings growth	13.6%
Revenue growth rate	8.9%
Future return on equity	22.5%
Analyst coverage	Low
Last updated	20 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:SFLEX - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,260	280	1,045	269	3
12/31/2025	2,136	261	125	228	4
12/31/2024	1,886	247	194	167	2
9/30/2024	1,875	248	171	248	N/A
6/30/2024	1,821	222	89	132	N/A
3/31/2024	1,831	207	145	195	N/A
12/31/2023	1,818	184	185	242	N/A
9/30/2023	1,807	173	167	245	N/A
6/30/2023	1,801	129	95	204	N/A
3/31/2023	1,745	82	55	180	N/A
12/31/2022	1,696	55	-10	175	N/A
9/30/2022	1,673	51	22	213	N/A
6/30/2022	1,710	89	-63	113	N/A
3/31/2022	1,726	124	-132	82	N/A
12/31/2021	1,727	149	-131	44	N/A
9/30/2021	1,690	161	-140	28	N/A
6/30/2021	1,606	155	53	236	N/A
3/31/2021	1,501	146	30	200	N/A
12/31/2020	1,413	143	-2	152	N/A
9/30/2020	1,372	135	-23	91	N/A
6/30/2020	1,316	113	-53	39	N/A
3/31/2020	1,270	90	3	67	N/A
12/31/2019	1,272	79	163	208	N/A
9/30/2019	1,273	65	139	240	N/A
3/31/2019	1,351	103	108	190	N/A
12/31/2018	1,374	136	24	108	N/A
12/31/2017	1,353	145	N/A	N/A	N/A
12/31/2016	1,184	43	N/A	N/A	N/A
12/31/2015	1,143	13	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFLEX's forecast earnings growth (5.5% per year) is above the savings rate (2%).

Earnings vs Market: SFLEX's earnings (5.5% per year) are forecast to grow slower than the TH market (16.8% per year).

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

Revenue vs Market: SFLEX's revenue (8.9% per year) is forecast to grow faster than the TH market (6.6% per year).

High Growth Revenue: SFLEX's revenue (8.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SFLEX's Return on Equity is forecast to be high in 3 years time (22.5%)

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:30
End of Day Share Price	2024/12/20 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

Starflex Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 8.6% to ฿4.80

Consensus EPS estimates increase by 13%

Price target decreased to ฿2.82

Consensus EPS estimates fall by 54%

Price target decreased to ฿6.30

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources