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Updated 1d ago
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Siam Pan Group Public Company LimitedSET:SPG Stock Report

Market Cap ฿4.2b
Updated 1d ago
Share Price
n/a
1Y-3.2%
7D1.7%
1D0%
Portfolio Value
​
View

Siam Pan Group Public Company Limited

SET:SPG Stock Report

Market Cap: ฿4.2b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Siam Pan Group (SPG) Stock Overview

Manufactures and distributes lubricating oils and greases in Thailand, Myanmar, and internationally. More details

SPG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 17% below our estimate of its fair value

Risk Analysis

Earnings have declined by 8% per year over past 5 years

Unstable dividend track record


SPG Community Fair Values

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฿
Current Price
฿12.1096.7% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture03b2016201920222025202620282031Revenue ฿1.6bEarnings ฿251.2m
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Siam Pan Group Public Company Limited Competitors

Chememan

Symbol: SET:CMAN
Market cap: ฿2.6b

Sherwood Corporation (Thailand)

Symbol: SET:SWC
Market cap: ฿2.4b

Thai Eastern Group Holdings

Symbol: SET:TEGH
Market cap: ฿3.5b

Thai Mitsuwa

Symbol: SET:TMW
Market cap: ฿2.2b

Price History & Performance

Summary of share price highs, lows and changes for Siam Pan Group
Historical stock prices
Current Share Price฿12.10
52 Week High฿13.00
52 Week Low฿10.20
Beta0.15
1 Month Change5.22%
3 Month Change15.24%
1 Year Change-3.20%
3 Year Change-23.90%
5 Year Change-32.02%
Change since IPO198.77%

Recent News & Updates

Recent updates

Shareholder Returns

SPGTH ChemicalsTH Market
7D1.7%-0.8%-2.0%
1Y-3.2%45.4%21.7%

Return vs Industry: SPG underperformed the TH Chemicals industry which returned 41.4% over the past year.

Return vs Market: SPG underperformed the TH Market which returned 19.2% over the past year.

Price Volatility

Is SPG's price volatile compared to industry and market?
SPG volatility
SPG Average Weekly Movement3.5%
Chemicals Industry Average Movement4.4%
Market Average Movement4.0%
10% most volatile stocks in TH Market9.5%
10% least volatile stocks in TH Market2.0%

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

Volatility Over Time: SPG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959n/aDusadee Rotrakarnwww.siampangroup.com

Siam Pan Group Public Company Limited, together with its subsidiaries, manufactures and distributes lubricating oils and greases in Thailand, Myanmar, and internationally. The company operates in two segments, Lubricating Oil and Grease. It offers gasoline engine, transmission, light duty diesel engine, and heavy-duty diesel engine oil; agriculture and motorcycle lubricants; and specialty products, such as brake fluid, coolant, marina super lube, super HD hydraulic, cutting oil, and ice lube products.

Siam Pan Group Public Company Limited Fundamentals Summary

How do Siam Pan Group's earnings and revenue compare to its market cap?
SPG fundamental statistics
Market cap฿4.17b
Earnings (TTM)฿347.91m
Revenue (TTM)฿2.21b
12.0x
P/E Ratio
1.9x
P/S Ratio

Is SPG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPG income statement (TTM)
Revenue฿2.21b
Cost of Revenue฿1.45b
Gross Profit฿762.44m
Other Expenses฿414.53m
Earnings฿347.91m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.01
Gross Margin34.48%
Net Profit Margin15.74%
Debt/Equity Ratio0%

How did SPG perform over the long term?

See historical performance and comparison

Dividends

6.6%
Current Dividend Yield
79%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 05:55
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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 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

Siam Pan Group Public Company Limited is covered by 0 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.

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