United Paper (SET:UTP) - Stock Price, News & Analysis

UTP Stock Overview

Engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand. More details

UTP fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 48.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 5.8% per year over past 5 years

Unstable dividend track record

United Paper Public Company Limited Competitors

Polyplex (Thailand)

SET:PTL

฿11.3b

Thantawan Industry

SET:THIP

฿2.6b

Starflex

SET:SFLEX

฿2.4b

TPBI

SET:TPBI

฿1.7b

Price History & Performance

Summary of all time highs, changes and price drops for United Paper
Historical stock prices
Current Share Price	฿8.75
52 Week High	฿12.10
52 Week Low	฿8.90
Beta	0.79
11 Month Change	-18.22%
3 Month Change	-18.98%
1 Year Change	-20.45%
33 Year Change	-46.32%
5 Year Change	-13.37%
Change since IPO	351.03%

Recent updates

Shareholder Returns

	UTP	TH Packaging	TH Market
7D	-10.7%	3.2%	0.8%
1Y	-20.5%	-26.6%	3.1%

Return vs Industry: UTP exceeded the TH Packaging industry which returned -26.6% over the past year.

Return vs Market: UTP underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is UTP's price volatile compared to industry and market?
UTP volatility
UTP Average Weekly Movement	3.4%
Packaging Industry Average Movement	3.7%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

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

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

About the Company

Founded	Employees	CEO	Website
1990	n/a	Mongkol Mangkornkanok	www.unitedpaper.co.th

United Paper Public Company Limited engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand. It offers Kraft liner boards for making box surfaces and Kraft papers for making corrugating sheets. The company also exports its products.

United Paper Public Company Limited Fundamentals Summary

How do United Paper's earnings and revenue compare to its market cap?
UTP fundamental statistics
Market cap	฿5.79b
Earnings (TTM)	฿658.74m
Revenue (TTM)	฿3.92b

8.6x

P/E Ratio

1.4x

P/S Ratio

Is UTP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UTP income statement (TTM)
Revenue	฿3.92b
Cost of Revenue	฿3.13b
Gross Profit	฿798.68m
Other Expenses	฿139.93m
Earnings	฿658.74m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.01
Gross Margin	20.35%
Net Profit Margin	16.79%
Debt/Equity Ratio	0%

How did UTP perform over the long term?

See historical performance and comparison

Dividends

9.5%

Current Dividend Yield

82%

Payout Ratio

UTP Stock Overview

Rewards

Risk Analysis

United Paper Public Company Limited Competitors

SET:PTL

฿11.3b

SET:THIP

฿2.6b

SET:SFLEX

฿2.4b

SET:TPBI

฿1.7b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.43 in 3Q 2023)

First half dividend of ฿0.35 announced

Second quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.33 in 2Q 2023)

United Paper Public Company Limited Announces Dividend for the Six Months Ended June 30, 2024, Payable on September 06, 2024

United Paper Public Company Limited Announces Board Changes

United Paper Public Company Limited Announces Resignation of Directors, with Effect from June 1, 2024

Recent updates

Third quarter 2024 earnings released: EPS: ฿0.17 (vs ฿0.43 in 3Q 2023)

First half dividend of ฿0.35 announced

Second quarter 2024 earnings released: EPS: ฿0.31 (vs ฿0.33 in 2Q 2023)

United Paper Public Company Limited Announces Dividend for the Six Months Ended June 30, 2024, Payable on September 06, 2024

United Paper Public Company Limited Announces Board Changes

United Paper Public Company Limited Announces Resignation of Directors, with Effect from June 1, 2024

First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.32 in 1Q 2023)

Upcoming dividend of ฿0.48 per share

United Paper Public Company Limited Proposes Dividend for Fiscal Year 2023, Payable on May 24, 2024

Full year 2023 earnings released: EPS: ฿1.35 (vs ฿1.14 in FY 2022)

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: ฿0.43 (vs ฿0.30 in 3Q 2022)

Upcoming dividend of ฿0.33 per share at 5.9% yield

Second quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.42 in 2Q 2022)

United Paper Public Company Limited Announces Resignation of Montree Mahapruekpong as Director and Executive Director

Consensus revenue estimates fall by 13%

Price target decreased by 16% to ฿18.50

Upcoming dividend of ฿0.27 per share at 4.8% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to ฿18.00

Less than half of directors are independent

Dr. Chin Chinsettawong Intents to Step Down from United Paper Public Company Limited as Chairman and Chairman of the Executive Committee Affectively November 11, 2022

Upcoming dividend of ฿0.43 per share

Second quarter 2022 earnings released: EPS: ฿0.42 (vs ฿0.36 in 2Q 2021)

United Paper Public Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on September 13, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Consensus forecasts updated

Upcoming dividend of ฿0.31 per share

United Paper Public Company Limited, Annual General Meeting, Apr 26, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

United Paper Public Company Limited Approves to Propose Dividend, Payable on May 25, 2022

Price target decreased to ฿22.07

Upcoming dividend of ฿0.40 per share

Third quarter 2021 earnings released: EPS ฿0.33 (vs ฿0.37 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.36 (vs ฿0.35 in 2Q 2020)

Director Mongkol Mungkornkanok has joined 3rd company board

First quarter 2021 earnings released: EPS ฿0.44 (vs ฿0.47 in 1Q 2020)

United Paper Public Company Limited Announces Approval of Interim Dividend Payment from the Company's Profit as of December 31, 2020, Payable on 25 May 2021

Upcoming Dividend of ฿0.39 Per Share

United Paper Public Company Limited, Annual General Meeting, Apr 27, 2021

Full year 2020 earnings released: EPS ฿1.56 (vs ฿1.33 in FY 2019)

Revenue and earnings beat expectations

Investor sentiment improved over the past week

New 90-day high: ฿17.80

Price target raised to ฿18.03

New 90-day high: ฿14.60

New 90-day low: ฿13.10

Upcoming Dividend of ฿0.41 Per Share

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.37

New 90-day high - ฿15.40

Analysts update estimates

First half earnings released

Price target raised to ฿15.50

New 90-day high - ฿11.90

Shareholder Returns

Price Volatility

About the Company