Thai Plastic Industrial (1994) (TPLAS) Stock Overview

Manufactures and sells food plastic bags, food plastic wrappers, and food paper containers in Thailand. More details

TPLAS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Earnings grew by 79% over the past year

Risk Analysis

Does not have a meaningful market cap (THB313M)

Earnings have declined by 28.4% per year over past 5 years

Unstable dividend track record

TPLAS Community Fair Values

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Thai Plastic Industrial (1994) Public Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Thai Plastic Industrial (1994)
Historical stock prices
Current Share Price	฿1.16
52 Week High	฿1.34
52 Week Low	฿0.79
Beta	-0.11
1 Month Change	0.87%
3 Month Change	7.41%
1 Year Change	20.83%
3 Year Change	-41.41%
5 Year Change	-66.86%
Change since IPO	-51.26%

Recent updates

Shareholder Returns

	TPLAS	TH Packaging	TH Market
7D	-0.9%	2.0%	-1.7%
1Y	20.8%	43.2%	22.0%

Return vs Industry: TPLAS underperformed the TH Packaging industry which returned 43.9% over the past year.

Return vs Market: TPLAS underperformed the TH Market which returned 23.7% over the past year.

Price Volatility

Is TPLAS's price volatile compared to industry and market?
TPLAS volatility
TPLAS Average Weekly Movement	4.7%
Packaging Industry Average Movement	3.3%
Market Average Movement	4.0%
10% most volatile stocks in TH Market	9.6%
10% least volatile stocks in TH Market	2.0%

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

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

About the Company

Founded	Employees	CEO	Website
1994	n/a	Apirat Teerarujinon	www.tpic.co.th

Thai Plastic Industrial (1994) Public Company Limited manufactures and sells food plastic bags, food plastic wrappers, and food paper containers in Thailand. The company offers high-density polyethylene, poly-propylene, thin and thick T-shirt bag, LL T-shirt bag, PP T-shirt bag, LL beverage bag, flexible straws under the Makrook brand name; LDPE clear cold storage bags; food and bowl food containers beat box; PP bag side folding type; and poly-vinyi chloride food wrapping films under the Vow Wrap brand name. Thai Plastic Industrial (1994) Public Company Limited was incorporated in 1994 and is headquartered in Nonthaburi, Thailand.

Thai Plastic Industrial (1994) Public Company Limited Fundamentals Summary

How do Thai Plastic Industrial (1994)'s earnings and revenue compare to its market cap?
TPLAS fundamental statistics
Market cap	฿313.20m
Earnings (TTM)	฿18.81m
Revenue (TTM)	฿482.83m

16.7x

P/E Ratio

0.6x

P/S Ratio

Is TPLAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPLAS income statement (TTM)
Revenue	฿482.83m
Cost of Revenue	฿398.82m
Gross Profit	฿84.01m
Other Expenses	฿65.20m
Earnings	฿18.81m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.07
Gross Margin	17.40%
Net Profit Margin	3.90%
Debt/Equity Ratio	0%

How did TPLAS perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

57%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/14 06:35
End of Day Share Price	2026/09/14 00:00
Earnings	2026/06/30
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	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.

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

Thai Plastic Industrial (1994) 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.

Thai Plastic Industrial (1994) (TPLAS) Stock Overview

Rewards

Risk Analysis

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Thai Plastic Industrial (1994) Public Company Limited Competitors

Thai Coating Industrial

PMC Label Materials

S. Pack & Print

Thai Packaging & Printing

Price History & Performance

Recent News & Updates

Second quarter 2026 earnings released: EPS: ฿0.016 (vs ฿0.002 in 2Q 2025)

New major risk - Share price stability

Upcoming dividend of ฿0.04 per share

Investor sentiment improves as stock rises 16%

Now 21% undervalued

Dividend of ฿0.04 announced

Recent updates

Second quarter 2026 earnings released: EPS: ฿0.016 (vs ฿0.002 in 2Q 2025)

New major risk - Share price stability

Upcoming dividend of ฿0.04 per share

Investor sentiment improves as stock rises 16%

Now 21% undervalued

Dividend of ฿0.04 announced

Full year 2025 earnings released: EPS: ฿0.029 (vs ฿0.043 in FY 2024)

Thai Plastic Industrial (1994) Public Company Limited Proposes Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026

Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 09, 2026

Less than half of directors are independent

New minor risk - Share price stability

Third quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.008 in 3Q 2024)

Second quarter 2025 earnings released: EPS: ฿0.002 (vs ฿0.005 in 2Q 2024)

First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.012 in 1Q 2024)

Less than half of directors are independent

Upcoming dividend of ฿0.04 per share

Dividend of ฿0.04 announced

Thai Plastic Industrial (1994) Public Company Limited Proposes Cash Dividend Payment from Operating Period from 01 January 2024 to 31 December 2024, Payable on 02 May 2025

Full year 2024 earnings released: EPS: ฿0.043 (vs ฿0.047 in FY 2023)

Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 04, 2025

Now 22% undervalued after recent price drop

New major risk - Market cap size

Investor sentiment improves as stock rises 16%

Thai Plastic Industrial (1994) Public Company Limited Announces Chief Accounting Officer Changes

Investor sentiment improves as stock rises 21%

Second quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.004 in 2Q 2023)

Thai Plastic Industrial (1994) Public Company Limited Announces Changing of Chief Accountant

New major risk - Market cap size

First quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.012 in 1Q 2023)

Thai Plastic Industrial (1994) Public Company Limited Appoints Nuttawut Punnasatian as Director, Risk Management Committee, Nomination and Compensation Committee, Corporate Governance and Sustainability Committee

Upcoming dividend of ฿0.04 per share

Insufficient new directors

Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 05, 2024

Full year 2023 earnings released: EPS: ฿0.047 (vs ฿0.11 in FY 2022)

Now 21% overvalued after recent price rise

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: ฿0.015 (vs ฿0.018 in 3Q 2022)

Thai Plastic Industrial (1994) Public Company Limited Approves the Corporate Governance and Sustainability Committee as New Sub-Committee and Appoint the Member of the Said Sub-Committee

New minor risk - Share price stability

Investor sentiment improves as stock rises 21%

Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.037 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.012 (vs ฿0.037 in 1Q 2022)

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of ฿0.10 per share at 4.1% yield

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2021)

Third quarter 2022 earnings released: EPS: ฿0.018 (vs ฿0.016 in 3Q 2021)

First quarter 2022 earnings released: EPS: ฿0.037 (vs ฿0.036 in 1Q 2021)

Investor sentiment deteriorated over the past week

Upcoming dividend of ฿0.10 per share

Investor sentiment improved over the past week

Thai Plastic Industrial (1994) Public Company Limited Approves Dividend, Payable on May 6, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS ฿0.016 (vs ฿0.031 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.036 (vs ฿0.023 in 1Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of ฿0.10 per share

New 90-day high: ฿1.75

Full year 2020 earnings released: EPS ฿0.13 (vs ฿0.12 in FY 2019)

Thai Plastic Industrial (1994) Public Company Limited Announces Management Changes