How does THIP-R's PE Ratio compare to its peers?

THIP-R is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (8.5x).

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

THIP-R is good value based on its Price-To-Earnings Ratio (8.5x) compared to the TH Packaging industry average (9.1x).

What is THIP-R'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.

Insufficient data to calculate THIP-R's Price-To-Earnings Fair Ratio for valuation analysis.

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

THIP-R (THB28.5) is trading above our estimate of [[fair value]] (THB24.34)

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

Insufficient data to show price forecast.

THIP-R Stock Overview

Manufactures and sells plastic products in Thailand. More details

THIP-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (8.5x) is below the TH market (14x)

Earnings have grown 2.3% per year over the past 5 years

Risk Analysis

Dividend of 4.56% is not well covered by free cash flows

Does not have a meaningful market cap (THB3B)

My Notes

Capture your thoughts, links and company narrative

Thantawan Industry Public Company Limited Competitors

Starflex

SET:SFLEX

฿2.3b

TPBI

SET:TPBI

฿1.7b

Panjawattana Plastic

SET:PJW

฿1.4b

United Paper

SET:UTP

฿5.2b

Price History & Performance

Summary of share price highs, lows and changes for Thantawan Industry
Historical stock prices
Current Share Price	฿28.50
52 Week High	฿32.00
52 Week Low	฿25.25
Beta	0.30
1 Month Change	-1.72%
3 Month Change	-1.72%
1 Year Change	-5.79%
3 Year Change	-10.24%
5 Year Change	71.46%
Change since IPO	1,115.64%

Recent updates

Shareholder Returns

	THIP-R	TH Packaging	TH Market
7D	-0.9%	0.9%	-0.05%
1Y	-5.8%	-34.1%	-1.8%

Return vs Industry: THIP-R exceeded the TH Packaging industry which returned -34.1% over the past year.

Return vs Market: THIP-R underperformed the TH Market which returned -1.8% over the past year.

Price Volatility

Is THIP-R's price volatile compared to industry and market?
THIP-R volatility
THIP-R Average Weekly Movement	1.7%
Packaging Industry Average Movement	3.3%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.8%
10% least volatile stocks in TH Market	2.1%

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

Volatility Over Time: THIP-R's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1978	n/a	Ekaphol Pongstabhon	www.thantawan.com

Thantawan Industry Public Company Limited manufactures and sells plastic products in Thailand. It offers drinking straws, zipper and slider bags, general bags, cling wraps, zip profiles, and body scrubs; and compostable products comprising paper and bio straws, bio zipper bags, shopping bags, gloves, cutlery and agricultural films, and bio garbage bags on roll. The company sells its products under the SUN PRODUCTS, Kitchen Neat, Fresh & Fresh, Zip Solution, SUN RECYCLE, and SUNMUM brands.

Thantawan Industry Public Company Limited Fundamentals Summary

How do Thantawan Industry's earnings and revenue compare to its market cap?
THIP-R fundamental statistics
Market cap	฿2.56b
Earnings (TTM)	฿301.33m
Revenue (TTM)	฿3.97b

8.5x

P/E Ratio

0.6x

P/S Ratio

Is THIP-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THIP-R income statement (TTM)
Revenue	฿3.97b
Cost of Revenue	฿3.16b
Gross Profit	฿813.50m
Other Expenses	฿512.17m
Earnings	฿301.33m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.35
Gross Margin	20.50%
Net Profit Margin	7.59%
Debt/Equity Ratio	0%

How did THIP-R perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

69%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 01:20
End of Day Share Price	2024/12/25 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

Thantawan Industry Public Company Limited is covered by 1 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.

Analyst	Institution
Sirilak Konwai	Tisco Securities Co. Ltd.